Enterprise Collaboration Firm Huddle Raises $24M in Series C
Enterprise content collaboration specialist Huddle announced has raised a $24 million Series C round of venture financing led by Jafco Ventures, with participation from DAG Ventures and existing investors Matrix Partners and Eden Ventures. The round also saw participation from WebEx founder Subrah Iyar and venture investor Herb Madan. According to the release, Huddle generated four quarters of “record growth” in 2011, with sales and enterprise customers increasing five times. Huddle has now raised $40 million in venture capital and plans to use the new financing to extend its global reach.
“In today’s knowledge economy, the most successful companies are those that make the best use of information. Yet traditional ECM systems are failing to support the new ways in which people are now sharing information and working together. These systems were designed for content storage, not collaboration; for servers – not for the cloud,” said Alastair Mitchell, co-founder and CEO at Huddle, in a prepared statement. “Huddle is revolutionizing the ECM market by making it collaborative, social, ubiquitously accessible and – above all – intelligent. Our intelligent collaboration platform opens up content silos across the global enterprise ecosystem, enabling people to share, discover and work on content wherever, whenever and with whomever they need to.”
Huddle was launched in 2006 and is co-headquartered in London and San Francisco, with recently-opened offices in New York City. Over 100,000 organizations use Huddle’s content collaboration solutions; customers include 80% of the Fortune 500. Earlier in 2012 Huddle launched Huddle Sync, an intelligent enterprise file synchronization platform. Huddle is accessible online on mobile devices such as BlackBerry, iPhone and iPad, on desktops via MS Office, and is also available in 15 languages.
Talkin’ Cloud channel partners can click here to read the overview to the Huddle partner program.