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KnowNow Secures $13 Million in Funding
November 2nd, 2006 No comments
KnowNow Inc., the leader in enterprise-class Web 2.0 solutions, recently announced it has closed $13 Million in new funding led by RSS Investors, the leading investment fund specializing in RSS technologies. Also participating are new investor Presidio Ventures the early-stage investment vehicle of Sumitomo Corp. and existing investors Kleiner Perkins Caufield & Byers, Levensohn Venture Partners, and Palomar Ventures.
The round was oversubscribed. Richard Fishman, managing partner of RSS Investors, will take a seat on KnowNow’s board of directors.
“Aside from an impressive list of enterprise clients, we were impressed by KnowNow’s ability to deliver solutions that fundamentally change the way enterprises act on information,” said Fishman. “KnowNow is well positioned to capitalize on the burgeoning market for enterprise-class Web 2.0 solutions.”
“Our investors noted the successful deployment of KnowNow solutions into Wells Fargo Bank, three other major financial service institutions, four of the largest technology companies, one of the largest outsourcing companies and other Fortune 1000 companies,” stated Todd Rulon-Miller, CEO of KnowNow, Inc. “We are delighted to team with RSS Investors and are excited by the opportunity to enhance their portfolio in the enterprise.”
“KnowNow has a vision for enterprise-class Web 2.0 solutions, and it is executing to plan,” said Kip Sheeline, managing director at Levensohn Venture Partners.
“As one of the first investments of our newest fund, KnowNow has demonstrated exceptional growth and market momentum,” stated Jim Gauer, managing director of Palomar Ventures. “Large corporations need solutions to overcome the complexity of today’s information explosion. KnowNow is the clear leader in this field.”
“KnowNow is dominating this emerging solution space,” said Kevin Compton, partner at Kleiner Perkins Caufield & Byers. “KnowNow’s solutions and enterprise expertise are transforming how corporations are leveraging internal and external information assets.”
For more information access: KnowNow
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