Relay Ventures commits to new $11 mln financing of PubNub

San Francisco-based PubNub, a provider of cloud infrastructure and building blocks for real-time apps that scale globally, announced that it has raised US$11 million in a Series B funding round. The deal was led by Scale Venture Partners and included participation from Canadian venture capital firm Relay Ventures and TiE Angels, which are existing investors. PubNub, which has to date raised US$15.5 million, will use proceeds from the new investment to expand worldwide sales and marketing.

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