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From the picture bank
Enterprise Information Exchange Gets Funded
2001-06-28 admin
Investors may be backing away from bubbles, but still support viable technologies
29 June 2001, 2 pm GMT
InStranet, developers of software for Enterprise Information Exchange (EIX) applications, have raised $14.7 million in Series C financing
A Silicon Valley's top high-tech venture capital firms, Benchmark Capital is investing through its new Benchmark Europe I, L.P. fund.
Donald L. Lucas, a leading U.S. venture capital investor, also joined in co-funding the round
Original investors Business Objects (Nasdaq: BOBJ), Apollo Invest, RSA S.A. and Galileo Partners, one of Europe’s best known venture capital firms, are also participating.
With major deployments in leading Fortune 500 companies and 80 employees worldwide, InStranet will use the funding to expand its sales and marketing initiatives, and to further product development.
Headquartered in New York with offices in London, Paris, and technology distribution partnerships throughout Europe and Asia, the company is seeking to address the rapidly growing market for EIX applications. InStranet’s application allows large corporations to centralize, organize and securely share the unstructured content that comprises the vast majority of enterprise data.
www.instranet.com.
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