Shacho Inc., a yet to be launched business intelligence technology company, has raised $10m in angel funding from individual investors and venture capital firms.
Backers include Marc Benioff, Chairman and CEO, salesforce.com, Ron Conway/David Lee, SV Angel, Lars Dalgaard, Founder and CEO, SuccessFactors, Andreessen Horowitz, LLC, Mark Gorenberg, Managing Director, Hummer Winblad Venture Partners, Hiroshi Mikitani, CEO, Rakuten (Japan), John Pestana, Co-Founder, Omniture, Dan Rose, Vice President, Facebook, Paul Sagan, CEO, Akamai, S. Steven Singh, Co-Founder, Chairman and CEO, Concur, John Thompson, Chairman, Symantec; CEO, Virtual Instruments, Hummer Winblad Venture Partners, and marketing communications services firm WPP.
The funds will be used to help the company launch and grow.
Founded in 2010 by Omniture Co-Founder and Former CEO Josh James, Shacho is a technology holding company that aims to address fundamental problems in the business intelligence market. It bought Corda Technologies, and James is the CEO of the combined company, whose new name, strategy and solutions will be unveiled later this year.