Feature
News
10/19/2001
02:25 PM
50%
50%

VCs Shower $$ On FirstRain

At a time when instant messaging is taking on increasing importance in the workplace, one company's "instant awareness" technology has drawn investors' interest. FirstRain, a New York developer of business-intelligence software, said last week that it raised $11 million in second-round funding led by Allegra Partners, Diamondhead Ventures, St. Paul Venture Capital, and Myriad Investments.

FirstRain offers technology that snips content from pages on business intranets or the Internet, aggregates the data, and updates it in real time for immediate access by employees. The content can be downloaded to PDAs and other wireless devices.

The software can be used to track sales figures, the stock market, or dynamic pricing on exchanges, says FirstRain founder and CEO Gaurav Rewari.

FirstRain previously received $2.3 million from angel investors who included Stanford University president John Hennessy, Sun Microsystems chief technical officer Greg Papadopoulos, and consulting firm McKinsey & Co. CEO Rajat Gupta.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest August 03, 2015
The networking industry agrees that software-defined networking is the way of the future. So where are all the deployments? We take a look at where SDN is being deployed and what's getting in the way of deployments.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.