Monday, September 10, 2007

FaceTime Raises $15.6M

Foster City-based FaceTime Communications, a provider of network management software for instant messaging software, announced this morning that it has raised $15.6M in a new round of funding. The round was led by Credit Suisse NEXT II Fund, and included prior investors Sutter Hill Ventures, JK&B Capital, and Scale Venture Partners. The firm said that it expects the new capital to see it through to profitability. FaceTime's products manage instant messaging applications such as Skype, P2P applications, and also enterprise unified communications platforms. More information »