Summit Partners Backs WebAction
WebAction said Monday that it has raised $11 million in Series B financing. The lead investor was Summit Partners. According to WebAction, the funding will be used for research and development as well as investments in sales, marketing and other business development activities. Also, Frank Caufield, co-founder of Kleiner Perkins Caufield & Byers and Silicon Valley marketing ace Regis McKenna have been named members to WebAction's board of directors. Headquartered in Palo Alto, Calif., WebAction is a big data server provider.
8 July 2013•3 mins read
