ON24

Webcasting Services Provider ON24 Secures $8 Million

Authored by Mark Hefflinger on July 15, 2008 - 6:16am.

San Francisco - ON24, a provider of webcasting and virtual events services, announced on Tuesday that it has secured over $8 million in new equity and expansion capital financing.

Webcasting Software Developer ON24 Lands $3.3 Million in Funding

Authored by Mark Hefflinger on May 11, 2004 - 2:14am.

San Francisco -- ON24, a San Francisco-based maker of webcast and multimedia communications software, said on Monday that it has secured $3.3 million in a new round of funding, co-led by U.S. Venture Partners, Canaan Partners and Rho Management. The company, which began turning a profit late last year, has now raised a total of about $40 million in private equity. ON24 said that it plans to use the capital, in part, to expand operations to support its growing customer base, as well as to develop new products. ON24 currently has more than 400 corporate clients, including Cardinal Health, Cisco Systems, Credit Suisse First Boston, Hewlett-Packard, Merrill Lynch, the NCAA, Philips and Sun Microsystems.

tags: Software | Funds | Developer | ON24 |