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Bungee Labs, a Utah-based company in the business of managing and developing a platform for the creation and delivery of “next-generation Web applications,” announced having raised funding to the tune of $8 million, reported PEHub earlier today. The funding circle for the Series C round included North Bridge Venture Partners, Venrock, and Wasatch Venture Fund.
The summary investment followed the company’s Series B round which could be traced back to November 2006 and totaled $7.1m. At that point, Bungee Labs was said to be valued at roughly $30m.