IKoa raises $9.4M for first round for boring chip company….or exciting email analytics?
iKoa has raised $9.4 million in a first round of funding. Global Catalyst Partners led the deal, and was joined by Khosla Ventures, according to PE Week. Backers include Khosla Ventures and Global Catalyst Partners. The Menlo Park, Calif. company’s website describes itself as a semiconductor startup with engineering and development in Hyderabad, India. But its regulatory filing says that it is developing software for email analytics.
Crafty!
Update: We’ve done some poking around, and are inclined to believe that there must be some misunderstanding on the filing, and that this is really a chip company. See this press release on the company’s site. While companies often try to send mixed messages to divert competitors, it would be quite an elaborate hoax indeed to have developed such a detailed press release for this purpose.
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