Phurnace heats up; startup expects to exit incubator soon

Austin-based Phurnace Software Inc. is ready to burst onto the information technology scene.

Boosted by $1.33 million in venture capital, company leaders expect to be out of the Austin Technology Incubator and to double their workforce to 20 people by spring.

The young company is drawing comparisons to successful incubator alumni, and was featured during the Beta Summit at the annual Innotech expo earlier this month.

In less than two months, Phurnace has grown from three employees to a total of 10 workers. It recently added a fifth board member and will, on Oct. 31, launch software that drastically reduces the time taken to manage Java EE applications -- from several hours to only minutes.