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FaceTime pulls in $16 million

The instant messaging software company secures funding from JK&B Capital and existing partners.

Instant messaging software company FaceTime on Monday said it landed $16 million in venture capital funding from JK&B Capital and existing partners BA Venture Partners, Sutter Hill Ventures and TH Lee Putnam Ventures. JK&B Capital partner Tom Neustaetter will join FaceTime's board of directors.

FaceTime, which provides security and software management to enterprise IM clients, is the latest company in its field to receive additional funding. Competitor IMLogic in May received $16 million from Crosslink Capital, with participation from its existing investors Venrock Associates, Goldman Sachs, General Catalyst Partners and Kodiak Venture Partners.