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September 24, 2005 / jnolen

Intriguing, but unconfirmed (UPDATED)

UPDATED:Here's the full scoop. Short version: $900k ($850k of which came from SAP) bringing their Series B round to a total of $4mm. See my earlier post on that.

According to Matt Marshall of Silicon Beat, SocialText has gotten more funding.

SocialText, the Palo Alto wiki and social software company, has finally scored more backing, this time from software giant SAP — more on this later. Our first story on their funding a few months ago is here. Apparently, now chief executive Ross Mayfield is taking the company back to an open source model.

Haven't seen anything else about yet. I'm sure Ross will comment soon.

One Comment

  1. LudoBlog / Sep 26 2005 7:44 pm

    SocialText et SAP ?

    SiliconBeat nous annonce que Socialtext aurait reçu des sous de SAP: “–Socialtext wins SAP’s backing: SocialText, the Palo Alto wiki and social software company, has finally scored more backing, this time from software giant SAP — more on this later….

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