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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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.