Instart Logic, a Mountain View, Calif.-based provider of a cloud service for web publishers, raised a $17m Series B funding round.
The round was led by Tenaya Capital, with participation from Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and other investors.
The company intends to use the funding, which brings the total amount raised to $26m,
Founded by Manav Mital, Hariharan Kolam and Raghu Venkat, Instart Logic provides a cloud-based service that gives users an interactive Web experience to create a new generation of web applications.
The company completed its beta program in December 2012 with beta customers across a broad set of industries including retail, travel and hospitality, enterprise SaaS, online gaming, and media, now using the service –
The product will be generally available later this year.
Instart Logic is hiring (read here).
FinSMEs
17/04/2013