Sources: Pluris Closes Shop
Pluris closed a $53 million round in February and had raised some $215 million since its inception (see Washout Rains $53M on Pluris). During its last funding round, the company restructured its equity to entice investors and employees to stick around.
One month later, CEO Joe Kennedy left, and the company has been steadily thinning its ranks since (see Pluris CEO Bolts and Pluris Hangs On).
Pluris officials did not return calls on Monday afternoon.
Light Reading will update this story on Tuesday. If you have information about the alleged closure, please contact Phil Harvey at 817-731-9228, or at [email protected].
— Phil Harvey, Senior Editor, Light Reading