Palo Alto, Calif. - Kapow Technologies, the provider of a mashup creation platform for businesses, announced on Thursday that it has raised an $11.6 million third round of venture capital financing.

New investors include the Disney-affiliated Steamboat Ventures, and Morgan Stanley's Strategic Investments Group; previous investors Kennet Partners and NorthCap Partners also participated.

Palo Alto, Calif.-based Kapow's technology lets companies assemble mashup applications, which pull data from different sources on the Web and compile it in a new application.

The company said more than 300 companies have installed its Kapow Mashup Server, including AT&T, Intel and Vodafone.

The new funds will enable the company to enhance its platform and expand its global sales operations in the media, financial services, manufacturing, transportation and government sectors.

Related Links:
http://www.kapowtech.com/press%20releases/03062008.html

http://snipurl.com/214p8 (VentureBeat)