Israeli-based Gizmox raises $7.5M for Hub headquarters

Written By Unknown on Selasa, 23 April 2013 | 00.24

Gizmox, an Israeli-based company that focuses on HTML5 for new and existing business applications, said today it has raised $7.5 million in funding to build and staff its new headquarters in Boston.

The funding round was led by Atlas Venture with participation from existing investors Citrix, IVC, Consolidated Investment Group and others. Jeff Fagnan and Christopher Lynch of Atlas Venture will join the startup's board of directors, officials said.

Gizmox said its HTML5 platform has two components — VisualWebGUI, a web and mobile HTML5 framework for enterprise apps, and InstantCloudMove, which migrates from client-server to pure HTML5 and the cloud.

In conjunction with the financing, Gizmox has named Eugene Kuznetsov as CEO. Kuznetsov was founder and president of DataPower, a SOA appliance company acquired by IBM, as well as co-founder and CEO of online privacy company Abine.


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