PubNub Raises $4.5 Million Series A
San Francisco—March 21, 2012—PubNub™, the cloud service that enables real-time applications on every device, today announced it has raised $4.5 million in Series A funding, led by Relay Ventures with participation from TiE Angels.
PubNub launched in August 2010 with a cloud service and infrastructure that enables companies to quickly create sophisticated multi-user mobile and web apps that scale globally. The service removes the cost and complexity of developing and hosting apps and games that require real-time data sync. PubNub has been adopted by over 1,000 customers to power mass-audience, real-time, massively multi-user experiences in a variety of industries, including social media, mobile games, business collaboration, and live commerce websites. PubNub has been used in mobile apps synchronized with some of the largest TV events, including during the Super Bowl, Grammys, Oscars, and the Australian Open.
“PubNub is radically transforming how developers build and deploy interactive, presence-based applications,” said Todd Greene, CEO of PubNub. “Relay Ventures’ sharp focus on mobile combined with the deep bench of successful entrepreneurs from TiE Angels has produced a highly effective investment team.”
“PubNub is a great example of a lean startup done right. This team developed impressive core technology based on the needs of an enthusiastic customer base, and now is the clear leader in market,” said John Occhipinti, partner at Relay Ventures. “With this injection of capital, there are tremendous opportunities ahead for PubNub.”
About Relay Ventures
Relay Ventures is an early stage venture capital firm that invests in passionate entrepreneurs disrupting and creating new markets through mobile technologies. Unlike other funds, Relay exclusively focuses on software for mobile devices and the connected Internet, creating an unparalleled set of networks and resources that tangibly help founders build world-class companies. With offices in Menlo Park and Toronto, the firm is active throughout North America. For additional information, visit www.relayventures.com.