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June 21, 2012

Kaazing Secures $17 Million in Funding for Building 'Living Web'

By David Delony, Contributing Writer

Kaazing (News - Alert) has announced that it has secured $17 million in new funding to develop what it calls “Living Web” technologies.



“In the past, to provide our clients with the most immediate and responsive services, we had to engineer very complex systems using a tremendous amount of client-server technology,” David Kim, Director of Development, Cantor Fitzgerald, said. “Kaazing allows us to deliver real-time, detailed, and responsive information on any platform, including mobile devices, but with a great deal less complexity and cost than before. This significantly differentiates us from our competition.”

The Mountain View, Calif.-based Kaazing defines the Living Web as real-time, interactive applications allowing people to collaborate with each other. The company counts BSkyB (News - Alert), Cantor Fitzgerald, ITRS, Southwest Airlines and The Limited as clients.

Kaazing distinguishes itself by offering what it calls a “full-duplex pipe.” The company says it’s a radical departure from the standard Internet architecture that’s been in existence since the early 1990s, comparing it to the difference between a telephone and a telegraph.

With the full-duplex pipe, instead of sending a transmission and waiting for it to finish and receive a response, devices can communicate in real time. The technology is based on the HTML5 WebSocket protocol, allowing for secure and scalable applications on any Web-enabled device.

A concrete example of the benefits of this approach is one of the company’s clients, a media company that used Kaazing’s technology to offer real-time betting on sports events over mobile devices. The solution cost one-tenth in overhead as much as using conventional technology.

“This new living Web will allow us to interact with our friends and colleagues at levels we couldn’t have imagined five years ago, solve business problems that seemed impossible, accessing systems and share information at levels never seen before. The Web as we know it today was only the beginning, now the living Web will change everything,” Jonas Jacobi, co-founder and CEO of Kaazing, said.

“As we move into a world where most people rely on the living Web for nearly every aspect of their lives, the market can no longer afford to rely on legacy Web infrastructure solutions and technologies to deliver on these new requirements,” Ray Kingham, a Kaazing investor, said. “Kaazing represents both a technical and economic disruption of the market by making it now possible for companies, applications developers, and users to have a much better Web experience.”

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Edited by Rich Steeves
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