{"id":653203,"date":"2013-04-18T12:24:14","date_gmt":"2013-04-18T16:24:14","guid":{"rendered":"http:\/\/www.pehub.com\/?p=197084"},"modified":"2013-04-18T12:24:14","modified_gmt":"2013-04-18T16:24:14","slug":"kaazing-raises-15-million-boosting-total-financing-to-39-million","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/653203","title":{"rendered":"Kaazing Raises $15 Million, Boosting Total Financing to $39 Million"},"content":{"rendered":"

Kaazing<\/strong>, a six-year-old Mountain View, Calif.-based company whose software helps drive the real-time Web and mobile communications of customers like Google, Bechtel, and Intel, has raised a $15 million round of funding that brings its total funding to $39 million. New Enterprise Associates<\/strong> and Columbus Nova Technology Partners<\/strong> led the round, with previous investors participating. Kaazing’s last big round of funding came less than a year ago. In June 2012, it raised $17 million. Investors in that round were not disclosed. <\/p>\n

PRESS RELEASE:<\/strong><\/p>\n

Kaazing, the leading provider of live web and mobile communication and authors of HTML5 WebSocket, today announced that it has closed an oversubscribed $15 million funding round bringing the company\u2019s total financing to $39 million. The capital was raised through new investors New Enterprise Associates Inc. (NEA) and Columbus Nova Technology Partners (CNTP), as well as existing investors, to drive Kaazing\u2019s plans for corporate growth.<\/p>\n

\u201cWe\u2019re very pleased to announce our latest round of funding that adds top-tier investors with outstanding track records\u201d
\nAnalysts are predicting an explosion in the number of connected mobile devices worldwide in the next few years, with communication across the web scaling to petabytes of data across both browsers and mobile devices. By 2020, there will be roughly 5 billion people using the web on a projected 28 billion internet-connected devices (IMS Research 2012). These increasingly sophisticated users demanding and expecting the same user experiences across all their devices.<\/p>\n

\u201cWith iPads and other smart mobile devices rapidly displacing PCs and accelerating cloud adoption, enterprise application modernization is increasingly urgent,\u201d said Rohini Chakravarthy, Partner at NEA. \u201cToday\u2019s static web architectures are expensive and ineffective in supporting this huge market shift – Kaazing\u2019s leading communication products are critical to the emerging cloud and mobile architectures. We are excited to be investors in the leader in this space.\u201d<\/p>\n

\u201cThe web, a hyper-connected mesh of static and live information accessed daily by billions of online users, is rapidly expanding its boundaries beyond today\u2019s browsers, and Kaazing is at the heart of this expansion,\u201d said Mohsen Moazami, General Partner at CNTP. \u201cWe believe that Kaazing is well positioned to redefine the $12 billion application modernization market as the need for fast, scalable and secure mobile web infrastructure is accelerating rapidly.\u201d<\/p>\n

No longer restricted by the slow HTTP request and response protocols which dominated the early web, Kaazing has revolutionized modern web architecture for the \u201calways on, always connected\u201d mobile enterprise. Kaazing is powering production applications in areas as diverse as real-time trading, eCommerce, mobile notifications, monitoring, analytics, and collaboration. For IT executives and architects, Kaazing can support current and future web infrastructure that needs to be highly secure, massively scalable, and reliable. For developers, Kaazing enables web and mobile applications with dynamic, two-way data communication, and is easier and more cost-effective to manage and deploy. Kaazing\u2019s standards-based platform easily integrates with existing enterprise architectures offering a more streamlined, flexible and unified web infrastructure approach.<\/p>\n

\u201cWe\u2019re very pleased to announce our latest round of funding that adds top-tier investors with outstanding track records,\u201d said Jonas Jacobi, CEO and Co-Founder of Kaazing. \u201cThis influx of new capital will fuel our global expansion and further validates our market momentum with an enterprise-grade web communication platform built using the HTML5 WebSocket standard.\u201d<\/p>\n

About the investors<\/p>\n

NEA, a leading venture capital firm with more than $13 billion in committed capital, invests in technology and healthcare companies across all stages of growth and in multiple geographies. The firm’s long track record includes more than 175 portfolio company IPOs and more than 295 acquisitions.<\/p>\n

CNTP is a global technology investment firm combining the best attributes of venture capital and private equity operating out of Silicon Valley and New York. Their executive team is made up of veteran entrepreneurs and operating executives from start-ups to Fortune 50 companies.<\/p>\n

About Kaazing<\/p>\n

Kaazing provides the leading enterprise web and mobile communication platform for live data delivery and is author of the universally adopted HTML5 WebSocket standard. The company\u2019s high-performance Web communication platform is essential for Web and mobile solutions that require secure, reliable, massively scalable, and instant two-way data delivery \u2014 critical for real-time transactions, eCommerce, trading, voting, analytics, and collaboration. The platform utilizes WebSocket and supports a comprehensive range of enterprise protocols including message-oriented protocols. Based in Mountain View, CA, Kaazing has offices in North America, Europe, and Asia. Customers and partners include HSBC, JPMC, BP, TIBCO, and Global 1000 financial, ecommerce, transportation, healthcare and entertainment companies. Learn more at www.kaazing.com or blog.kaazing.com, and follow @Kaazing on Twitter.<\/p>\n

The post Kaazing Raises $15 Million, Boosting Total Financing to $39 Million<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Kaazing, a six-year-old Mountain View, Calif.-based company whose software helps drive the real-time Web and mobile communications of customers like Google, Bechtel, and Intel, has raised a $15 million round of funding that brings its total funding to $39 million. New Enterprise Associates and Columbus Nova Technology Partners led the round, with previous investors participating. […]<\/p>\n","protected":false},"author":7567,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-653203","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7567"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=653203"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653203\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=653203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=653203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=653203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}