Jive Gets $30 Million and the Market Sees a Glimpse of What’s to ComeAugust 3, 2010 No Comments
In preparation for what looks like an IPO, Jive Software announced yesterday it had raised $30 million from Kleiner Perkins Caufield & Byers. It’s a funding story of relative significance that documents one company’s rise to prominence and a venture capital firm’s growing commitment to the social enterprise and cloud computing space.
The Jive investment is the second major funding that has been seen in the past several days. Last week, Atlassian raised $60 million from Accel Partners.
The Atlassian investment also show that venture capital firms are confident in a new class of providers. Atlassian makes tools for product development. Cloud computing companies, software providers and Web-based services all build tools. Atlassian is not a purely social technology company but it does have elements that puts them in a category that investors find attractive.CLOUD COMPUTING