Browser App Provider Cooliris Raises $15 Million Second Round

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Browser App Provider Cooliris Raises $15 Million Second Round

Web navigator tool company Cooliris has raised $15 million in a second-round funding. Returning backer Kleiner Perkins Caufield & Byers was joined by DAG Ventures, The Westly Group and the T-Mobile Venture Fund. The Palo Alto, Calif., company has timed the announcement to the unveiling of a new browser app, the Cooliris Wall, which lets users scan content from a variety of social-media sites simultaneously, including Facebook, MySpace and YouTube. The company says the app gives users the feel of looking at a dozen TV screens as they decide which site to go to. Cooliris claims that users download 50,000 of its apps daily. The company raised about $3 million back in 2007. Release

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David Kaplan

@davidaKaplan Apr 13, 2009 8:15 AM ET

Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Technologies / Formats, Browsers, cooliris, dag ventures, kpcb, t-mobile venture fund, the westly group

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Tough time to raise that kind of money… hats off to them.

Harlan Talbot

Why? Do we really need a seperate visual browser? The idea that I'd use this as a primary interface to the web, or that I'd use this as a directory to other images or topics just doesn't resonate as a user. The 3D wall is cool looking but even though it's intersting for 5 seconds, I can't imagine using it for 5 minutes - or regularly. In fact the little arrow thing that launches CoolIris from any photo my browser sees is somewhat of a distraction - you just need to close it and go back to the browser. Interesting they raised such a large $ amount from tier one VC. Again, would be nice to know why…not just that they did. Congrats to CoolIris none the less…