Ravenflow
Ravenflow
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.