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Kaazing has today announced that it has closed an oversubscribed $15 million funding round bringing the company’s 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’s plans for corporate growth.

Rohini Chakravarthy, Partner at NEA:

Logo_NEA“With iPads and other smart mobile devices rapidly displacing PCs and accelerating cloud adoption, enterprise application modernization is increasingly urgent. Today’s static-web architectures are expensive and ineffective in supporting this huge market shift – Kaazing’s leading communication products are critical to the emerging cloud and mobile architectures.  We are excited to be investors in the leader in this space.”

Mohsen Moazami, General Partner at CNTP:

cntp“The Web, a hyper-connected mesh of static and live information accessed daily by billions of online users, is rapidly expanding its boundaries beyond today’s browsers and Kaazing is at the heart of this expansion. We believe that Kaazing is well positioned to capitalize on the $12 billion application modernization market and the increasing market for fast and secure mobile Web infrastructure.”

Jonas Jacobi, CEO and Co-Founder of Kaazing

kaazing“We’re very pleased to announce our latest round of funding that adds top-tier investors with outstanding track records. This 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.”

About the investors

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.

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.


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