Wayin takes in new $13.1M investment round

By: InnovatioNews Wednesday July 9, 2014 0 comments Tags: Big Data, Denver, Rick Lewis, Scott McNealy, Wayin

 

DENVER - Wayin, a Denver-based social tech platform, announced it has received a new $13.1 million round of funding from U.S. Venture Partners, Silicon Valley law firm Wilson Sonsini Goodrich and Rosati, Burt Sugarman and Mike Meldman, CEO of Discovery Land Company.

Wayin, co-founded and chaired by former Sun Microsystems chief executive Scott McNealy and led by a group of veteran technology, marketing and TV executives, experienced approximately 300 percent growth in 2013.

The company has so far received a total of $33.1 million in funding, Wayin said.

"We are proud to be the lead investor in Wayin, and we look forward to working with this exceptional team as they innovate the future of social intelligence," said Rick Lewis, general partner at U.S. Venture Partners,.

"We believe Wayin is providing unique value as one of the only companies with the enterprise-grade experience required to succeed with a truly Big Data approach to social intelligence and commerce."

The company said it will use the $13.1 million investment to expand its reach to TV networks, brands, agencies and publishers around the world and ramp up its engineering to support its technology roadmap.
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