, announced that it has received a first round of equity financing from Madrona Investment Group and ARCH Venture Partners. The company will use the funding to ramp operations and plans to release its first product early next year for advanced XML database technology for enterprise and e-commerce products. In addition to VC funding, the company has received financial backing from David Pool, CEO of DataChannel. headquartered in Bellevue, Wash. was founded in June, 1999.