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Diffusion Raises $6 Million in Latest Funding; Canaan Partners Added as New Investor.
Business Wire
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May 11, 1998
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COPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 11, 1998--Diffusion, Inc., developer of client communications solutions for corporate enterprises, has raised $6 million in a new round of venture funding. The additional infusion of capital brings the total raised thus far to more than $17 million.
The funding comes from a new investor, Canaan Partners, and from previous venture investors Institutional Venture Partners, Brentwood Venture Capital and Matrix Partners.
Jim Gagnard, Diffusion president and CEO, said the money will be used in part to ...
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