Mountain View-Based Kaazing Raises $17 Million in Funding

Mountain View, Calif. -- Kaazing, the Mountain View-based developer of a platform that enables real-time web communications over any Internet-enabled device, said on Wednesday it has raised $17 million in a new round of funding. Identities of the investors were not disclosed. The company said it will use the funds to continue to expand its customer base, particularly as it moves aggressively into the mobile market. Kaazing said its platform upgrades the web architecture to work like a telephone with direct connections, rather than a telegraph system that requires a "request and response" on each end. The technology is at the heart of what the company calls the "living web" -- a successor to the legacy featuring applications that are always connected and running in real-time. "This new living Web will allow us to interact with our friends and colleagues at levels we couldn't have imagined five years ago, solve business problems that seemed impossible, accessing systems and share information at levels never seen before," said Jonas Jacobi, the co-founder and CEO of Kaazing. Customers include BSkyB, Cantor Fitzgerald, ITRS, Southwest Airlines and The Limited. 
http://www.kaazing.com
http://www.businesswire.com/news/home/20120620005472/en