Cyanea closes $8 million first round

Cyanea Systems announced Tuesday that it raised $8 million in a first round of funding led by Mobius Venture Capital and Infinity Capital. Draper Fisher Jurvetson ePlanet Ventures also participated in the round. The Oakland, Calif.-based company will use the money to develop its products and enhance its sales and marketing operations. Cyanea makes software that helps companies manage their Web-based business software throughout a network.

June 19, 2002 5:39 p.m. PT

Cyanea Systems announced Tuesday that it raised $8 million in a first round of funding led by Mobius Venture Capital and Infinity Capital.

Draper Fisher Jurvetson ePlanet Ventures also participated in the round. The Oakland, Calif.-based company will use the money to develop its products and enhance its sales and marketing operations.

Cyanea makes software that helps companies manage their Web-based business software throughout a network.