Ravenflow, an app delivery specialist, pulls in $5M
Ravenflow falls somewhere between a software maker and consulting firm, with its enterprise software package that helps businesses streamline the process of getting new applications rolled out.
The product, RAVEN, helps teams at companies like IBM to agree on standards, requirements and specifications, and reduce the amount of time needed to put an application online.
Along with the funding announcement the company brought on a new chief executive. Susan Boers was formerly the president of Telelogic.
The $5 million funding was provided by Alloy Ventures, Palomar Ventures and the Roda Group.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.
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