Feature Article

April 29, 2013

HTML5 Websocket Developer Kaazing Secures $15 Million in Funding

HTML5 Websocket developer Kaazing has raised $15 million in funding. This brings the company’s total financing to $39 million. The capital for this round of funding was raised through new investors, which include New Enterprise Associates (NEA) and Columbus Nova Technology Partners (CNTP), as well as existing investors. Kaazing says it will use the money to drive its plans for corporate growth.

Analysts are predicting an explosion in the number of connected mobile devices worldwide in the next few years, with communication across the Web scaling to petabytes of data across both browsers and mobile devices. According to IMS Research, by 2020, there will be roughly 5 billion people using the Web on a projected 28 billion Internet-connected devices.

In a statement, Kaazing CEO and co-founder Jonas Jacobi, said, “This influx of new capital will fuel our global expansion and further validates our market momentum with an enterprise-grade web communication platform built using the HTML5 WebSocket standard.”

Commenting on this investment, Rohini Chakravarthy, Partner at NEA, said that with iPads and other smart mobile devices rapidly displacing PCs and accelerating cloud adoption, enterprise application modernization is increasingly urgent. “Today’s static Web architectures are expensive and ineffective in supporting this huge market shift -- Kaazing’s leading communication products are critical to the emerging cloud and mobile architectures. We are excited to be investors in the leader in this space,” noted Chakravarthy.

Similarly, Mohsen Moazami, General Partner at CNTP, thinks that the Web, a hyper-connected mesh of static and live information accessed daily by billions of online users, is rapidly expanding its boundaries beyond today’s browsers, and Kaazing is at the heart of this expansion. “We believe that Kaazing is well positioned to redefine the $12 billion application modernization market as the need for fast, scalable and secure mobile web infrastructure is accelerating rapidly,” stated Moazami.

Kaazing said that the modern Web is no longer restricted by the slow HTTP request and response protocols which dominated the early Web. The company claims to have revolutionized the modern Web architecture for the “always on, always connected” mobile enterprise. Consequently, it is powering production applications in areas as diverse as real-time trading, eCommerce, mobile notifications, monitoring, analytics, and collaboration, affirmed Kaazing.

According to Kaazing, its standards-based platform easily integrates with existing enterprise architectures, offering a more streamlined, flexible and unified Web infrastructure approach.




Edited by Rachel Ramsey


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