US software start-up Xobni secures $7m in series B roundXobni, the Microsoft Outlook plug-in, has closed $7m in series B financing that includes commitments from new investor Cisco Systems, in addition to existing investors Khosla Ventures, First Round Capital, Baseline Ventures and Atomico.
The investment round tops off a year of user growth and product development for the San Francisco-based company. The software has grown from an invite-only beta version to a publicly available application that has been downloaded more than 1.5 million times, according to a statement.
Jeff Bonforte, CEO of Xobni, said, 'Xobni has been focused for the past year on creating a simple solution for people suffering from communications overload. We are just getting started. With this funding, Xobni will keep pushing our innovation on uncovering and leveraging all the amazing information and relationships locked up in our overloaded inboxes, particularly in Microsoft Outlook, the most utilised inbox in the world.'
Xobni is a start-up that shifts the focus of email from one-by-one messages to the relationships between them. Xobni offers fast search and organisation of Outlook inboxes. Xobni has also created strategic partnerships with LinkedIn, Facebook, Yahoo! Mail, Skype and Hoover's to bring relationship-specific data into the Microsoft application.
Copyright © 2009 AltAssets
Article is in the following categories:
Private Equity News» By News Type» Deal News
Private Equity News» By Region» North America» United States
Private Equity News» By News Type» Deal News
Private Equity News» By Region» North America» United States
