Wiki startup Near-Time scores $2.5 million

3 year old North Carolina based startup Near-Time claims that it has secured $2.5 million in funding from Wakefield Partners. Near-time provides a combination of productivity tools that includes Wiki based editing, Calendar, and File management.

However as we know this area has seen one of the most intense competition recently. Atlassian, CentralDesktop, JotSpot, and SocialText are just few of the best in this area. Near-Time has a lot of catching up to do in terms of the technology it should develop with fewer number of people. Just look at CentralDesktop which is a team of only 2 people. On the Near-Time end, they already have 17 people and plans to add more. I am not sure where they will end-up in another year at this high cash-burn rate.




2 Responses to “Wiki startup Near-Time scores $2.5 million”

  1. StartupSquad » Blog Archive » iUpload - more money for wiki solutions Says:

    […] Collaboration is the name of the game thesedays and as a result we have just too many startups doing that. Wetpaint, pbWiki, Confluence, CentralDesktop, SocialText, Google, Blogtronix, Clearspace, Serebrum, Intel Suite Two, Near-Time ………And now another well funded startup to compete with for everyone – iUpload. According to PEHub, iUpload has raised $7 million in it’s Series A round of funding from Greylock Partners and North Bridge Venture Partners. iUpload service gets you Wikis, Discussions forums, blogs, forms, ACL, workflows, API….. iUpload seems to be strong in sales, which can win the game in this scenario. Besides the above, Microsoft bundling Wiki+Forum+Workflows+IM with Sharepoint can make life difficult for everyone. […]

  2. Murnrerce Says:

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