TextPower Finds $525,0000 For Text Messaging Handling

San Juan Capistrano-based TextPower, a developer of text messaging products aimed at enterprise alerts and the security and authentication market, said today that it has raised $525,000 in a Series A financing round. The financing came from the Tech Coast Angel's ACE Fund, as well as angel investors from Orange County. The startup--led by Mark Nielsen--it targeting utilities, municipalities, and academic institutions with its product. One of its major markets has been providing outage reports and text message handling for utilities, allowing customers to report outages by text message. The company also said its systems are being used to report graffiti, potholes, and storm damage by municipalities. More information »