Bitium, a Santa Monica, CA-based provider of an app management platform, raised $6.5m in Series A funding.
Backers included Polaris Partners and previous investors Amplify, Resolute VC, Double M Partners, Social Leverage, Karlin Ventures, Lazerow Ventures and Rob Glaser. In conjunction with the funding, Polaris Managing Partner Dave Barrett joined Bitium’s board of directors.
The company intends to use the funds to accelerate product development and expand sales and marketing activities.
Founded in 2012 by CEO Scott Kriz and Erik Gustavson, Bitium provides app management, single sign-on and analytics for more than 1,500 cloud-based apps, including Google Apps, collaboration tools, CRM, social networks, accounting programs, bug trackers, customer service dashboards, marketing tools and more.
The company had raised $2.4m in seed funding in 2013 (read here).
FinSMEs
01/03/2014