Thursday, May 19, 2011

Shacho Gets $10M, Buys Corda

Provo, Utah-based Shacho, a new startup headed by Omniture founder Josh James, said this morning that it has raised $10M in an angel funding round from a huge list of well known angels and a few venture capital firms. According to the firm, the funding came from Mark Benioff of Salesforce.com, Ron Conway and David Lee of SV Angel, Lars Dalgaard of SuccessFactors, Andreessen Horowitz, Mark Gorenberg of Hummer Winblad Venture Partners, Hiroshi Mikitani of Rakuten, John Pestana of Omniture, Dan Rose of Facebook, Paul Sagan of Akamai, Steven Singh of Concur, John Thompson of Virtual Instruments, and Hummer Winblad Venture Partners. Advertising and public relations giant WPP is also an investor in the round. Shacho also said it has acquired Corda Technologies, and will be pursuing a new venture solving issues in the business intelligence market. Josh James now heads up the combined company.