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Chevy Chase-Based New Enterprise Associates Invests in Kaazing

04/18/2013
New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said on Thursday it has invested in Kaazing, the Silicon Valley developer of a web and mobile communication platform for the delivery of live data, as part of that company's new $15 million round. Another new investor, Columbus Nova Technology Partners (CNTP), and several previous backers also took part in the round, which increased the company's total funding to $39 million. Kaazing's platform powers production applications in areas such as real-time trading, e-commerce, mobile notifications, monitoring, analytics and collaboration. Customers include Intel, Google, Bechtel, Oracle and HSBC.

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