Ravenflow lands $6M for app development intelligence
Ravenflow, a company that offers software and consulting services to help client businesses develop applications more efficiently , has raised $6 million in capital to open two new offices in Reston, Va. and Raleigh, N.C.
It’s primary product, a software package called RAVEN, helps teams at large companies like IBM agree on standards, requirements and specifications — streamlining the process for launching applications online. In addition to its new offices, the Emeryville, Calif.-based company has opened an online store, where customers can purchase RAVEN. In addition to IBM, the company provides its software to teams at Microsoft and Hewlett-Packard.
Alloy Ventures, Palomar Ventures and Roda Group, all existing backers, provided the recent round of funding. Ravenflow has now raised $20.7 million to date, over two rounds of financing. The most recent, amounting to $5 million, came last year.
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