Today, ClearCube has announced the closing of $20 million in series C funding. Techno Venture Management has led the round, as well as SAIC VentureCapital Corp., the venture investment arm of Science Applications International Corp., which has become a new strategic teammate. Returning investors included Austin Ventures, Sternhill Partners and Acer. These funds will be used to expand product development, increase sales and marketing efforts, and for general business purposes.

The funding coincides with ClearCube's efforts this week to unveil two new products at Spring COMDEX in Chicago. Steve Sienkiewicz, ClearCube's vice president of finance, tells GlobeSt.com that the company is likely to more than double in size in the coming year, from 45 employees up to as many as 100 employees. That means additional space in Colina West, 8834 Capital of Texas Hwy.

"Currently we have about 12,000 sf. Right now we're subleasing the rest of our space, but we'll be picking up and occupying 18,000 sf soon and we expect to take control of another 11,000 or 12,000 sf within the next year."

Broker Bill Anderson of Office Leasing Advisors has acted as ClearCube's behalf with the transaction. The three-story Colina West, located in the city's technology corridor at Loop 360 and Great Hills Drive, is owned by PRM realty and managed by Trammell Crow Co.

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