Monday, June 30, 2008

Lithium Technologies Takes $12M

Emeryville-based Lithium Technologies said today that the firm has raised $12M, in a Series B funding round. The round came from Benchmark Capital, along with prior investors Emergence Capital and Shasta Ventures. Lithium Technologies develops software-as-a-service for enterprise social networking web sites. Lithium's software is used to create online communities; the software is being used by such companies as AT&T, Dell, and PayPal. The new round brings the company's total raised to $21.0M. More information »