Forget about long-distance travel just to sit in stuffy conference rooms so you can listen to mind-numbing PowerPoints. Qwaq lets your avatar suffer for you.
Qwaq, the creators of virtual spaces for the enterprise, on Tuesday said it snagged a $7 million first round of funding co-led by Alloy Ventures and Storm Ventures with participation from previous investor KPG Ventures. Ammar Hanafi, general partner at Alloy Ventures, and Alex Mendez, founding general partner at Storm Ventures, will also join Qwaq’s board of directors.
Gartner analyst Adam Sarner said that he thinks experimental money should be invested in this area.
http://www.redherring.com/Home/23201
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Monday 3 December 2007
Qwaq Nabs $7M in Funding
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