Bungee Labs raises $8M for app development platform
Bungee Labs is a web-based development platform that allows developers to more easily build and release web applications. It entered into beta last May and is now fully open to the public.
The platform centers around Bungee Connect, in which applications are put together and tested. Using Connect is free; Bungee begins charging only for services used once the app is released for commercial use.
Several other services compete with Bungee at various levels, including Zoho Creator, Coghead and Microsoft’s Silverlight.
The $8 million funding was reported first by peHUB, and is Bungee’s third. It was provided by Noth Bridge Venture Partners, Venrock and Wasatch Venture Fund. The company operates out of Orem, Utah.
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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.