Thursday, September 29, 2011

SweetLabs Snags $13M

San Diego-based SweetLabs, the company headed by Darrius Thompson, and which runs both the OpenCandy advertising network and the desktop Pokki app platform, said today that it has raised $13M in a Series C funding round. The round was led by Intel Capital, and also included prior investors Google Ventures and Bessemer Venture Partners. According to the company, the new funding goes towards growing Pokki, the desktop app platform it launched in June. Pokki allows developers to create desktop apps using web technologylike HTML5. The company is looking to provide the app experience users are accustomed to on smart phones and tablets to the PC desktop. The new project comes on top of OpenCandy, the company's ad network effort which allows application developers to advertise and recommend their software while users are installing other desktop applications. Thompson is the former co-founder of DivX. More information »

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