Net services firm gets venture funding

By Kim Girard, CNET News.com, CNET.com
Tuesday, December 14, 1999 08:30 PM
Net services start-up Vividence yesterday announced a second round of funding, bringing total investments in the company to $18 million.

Venture capital firms Kleiner Perkins Caufield & Byers and Sequoia made the investments, although Vividence said it also received earlier funding from Compaq Computer chairman Ben Rosen, Angel Investors founder Ron Conway and Yahoo counsel Jim Brock.

Vividence executives say the company intends to define a new category of Internet services focused on evaluating the experiences people have when they use Web sites.

The company said its first service, due next February, will help companies better understand their sales or content by polling customers for feedback about their experiences and tracking why they go to the site.

As part of the announcement, Vividence said Russ Siegelman, a partner at Kleiner Perkins Caufield and Byers, is joining the company's board of directors.

The San Mateo, Calif.-based company has 50 employees and is headed by co-founder and CEO Artie Wu and chief technology officer and co-founder Steve Ketchpel.

Vividence's name sprung from the idea that the company would "offer vivid evidence to the head of marketing to help them with problems they are facing," according to Bill Demas, the company's vice president of marketing.

"For whatever target, we can measure [consumer] behavior and intent," he said, noting that when a shopper buys a tie on the site, the e-tailer using their service would not only gather sales data, but glean the fact that the buyer was making a Father's Day gift purchase.

"We want to let [customers] know what the customer is trying to do," Demas said.

Demas said the company has 20 customers testing its services--ranging from two Fortune 500 companies to three of the top six portal firms to smaller start-ups.


WORTHWHILE?

0

0 votes
Blog

Talkback 0 comments

There are currently no comments for this post.


Tech Jobs Now!

Search for your ideal tech job:

How to protect yourself from RAID-related UREs

Enterprise Servers & Storage

An Unrecoverable Read Error during a RAID rebuild can ruin an entire day. Scott Lowe talks about UREs and how you can avoid falling victim to this silent threat.


Read more »



Buying a projector? Try an LED TV instead

Blog thumbnail

If you're thinking of buying a new projector for your office meeting room, why not consider getting an LED TV instead. LED TVs are similar to LCD TVs except that..... by Lee Lup Yuen

Read more »

Tags

  1. battery
  2. camera
  3. graphics
  4. hard drive
  5. hewlett - packard co.
  6. high tech computer corp.
  7. intel corp.
  8. keyboard
  9. microsoft windows
  10. microsoft windows mobile
  11. mobile
  12. network
  13. notebook
  14. performance
  15. screen
  16. server
  17. storage
  18. touchpad
  19. usb
  20. vat