Qwaq Secures $7 Million in Funding From Alloy Ventures and Storm Ventures
28 November, 2007
Full speed ahead. With the rise of virtual technology and a huge lead in the virtual workspace market, Qwaq pulls even further ahead with a successful first round funding raising $7 Million from Alloy Ventures and Storm Ventures.
Qwaq Forums the company’s first commercial product is built on Croquet and open source virtual world development platform written in Squeak, an open source version of Smalltalk. The work that Qwaq has put into forums is exceptional. The platform takes the concept of a virtual world with all the benefits of immediate communications and immersive visual feed back and integrates it with important business technologies that allow users to truly collaborate in real time. They have taken Croquet and made it work for business.
The news is really terrific, not only for Qwaq and their customers, but for our open source communities as well. Qwaq continues to share code and support both Croquet and Squeak, not to mention hiring some of the best and brightest Smalltalkers, something I’m sure Qwaq will continue to do with this new funding.