Drought is the bellweather for venture funds these days, but not for two companies, NetSanity Inc. and AppForge Inc., which received their third and first rounds of financing, respectively.
NetSanity, a global provider of preference management infrastructure software for wireless communications carriers, raked in $20 million from RSA Ventures, Intel 64 Fund, Argo Global Capital, McKenna Ventures and Nokia Venture Partners.
AppForge enjoyed $6.5 million from Draper Atlantic, the East Coast affiliate of Silicon Valley’s Draper Fisher Jurvetson.
NetSanity funding
With the new money, NetSanity hopes to expand its operations internationally, add new features for its carrier customers and secure access to leading edge electronic security technology.
“We are pleased to have RSA Ventures and the Intel 64 Fund join the NetSanity investor group,” said Fred Clarke, NetSanity’s chief executive officer. “We look forward to working closely with each of these new investors.”
Dave Clark, a partner of RSA Ventures who will join NetSanity’s board of directors, said, “NetSanity’s innovative platform is positioned at the leading edge of the development of the wireless Internet.”
AppForge funding
The AppForge technology, which enables Visual Basic Programmers to create applications for the Palm Powered market, is expected to bring more than 6 million Visual Basic developers around the world into the handheld computer space.
“This round of funding will enable AppForge to hire additional resources and continue marketing our visual basic development environment for the Palm OS,” said Doug Armstrong, founder and chief executive of AppForge.
AppForge said the Visual Basic developers will create applications for the Palm OS platform faster and without having to learn new or proprietary language.
