Bloomfire has unveiled an improved release of its premier service. The latest version of Bloomfire offers novel incorporated mobile, social, content development and business analytics capabilities, allowing enterprises to unite the people with knowledge, with those who require it, either in the office or while traveling.
The organization has also received funding equaling $8 million from Austin Ventures and Redpoint Ventures. To date, the organization has been successful in accumulating $18 million as funding.
Bloomfire is used by hundreds of organizations as their main source for company data. They also use Bloomfire as their key internal communication channel for observing, associating, choosing and implementing the knowledge.
Knowledge sharing plans like business intranets, sales and partner enablement, social learning, content/video sharing and customer communities can also be considerably improved with Bloomfire.
In a statement, Jim Lundy, CEO and Lead Analyst, Aragon Research, said, "The modern workforce is immersed in a wave of technology and information that keeps accelerating the pace of business with no signs of stopping. Yet despite the preponderance of data and applications -- and now perhaps because of information overload -- most employees still make strategic business decisions based on context-deficient information. New services, such as Bloomfire are simplifying the search for knowhow by providing a lens for recognizing, capturing, trusting and accessing information that is actually relevant."
According to Jeff Brody, Partner at Redpoint Ventures, Bloomfire has taken the initiative to resolve the crucial issue of collecting and sharing important informal information, and offering it only where it’s required. For the past five years, Craig Malloy and his expert team of entrepreneurs have been working in businesses that were financed by Redpoint.
In the initial year of operation, Bloomfire demonstrated extraordinary development. Redpoint therefore had no doubts regarding the financing.
Craig Malloy, CEO, Bloomfire said, "Building a knowledge-sharing culture relies on efficiently harnessing and disseminating company wisdom to get the job done. As the convergence of cloud, social, mobile and information transforms user behavior in decision-making, Bloomfire steers the evolution of content and internal communication away from static file repositories, isolated chats or noisy activity streams and towards the creation of enduring, consistently useful and easily accessed content."
Edited by Braden Becker