Huddle gets $24m funding

Cloud content management provider Huddle has netted $24 million as part of its Series C round of funding, with Jafco Ventures leading the transaction, GrowthBusiness.co.uk reports.

Also participating in the round are US-based DAG Ventures alongside existing investors Matrix Partners and Eden Ventures.

Alastair Mitchell, CEO and co-founder of Huddle, claims the company's cloud model is one of the biggest reasons for its success, Enterprise Apps Today writes.

Says Mitchell: "In today's knowledge economy, the most successful companies are those that make the best use of information.

“Yet traditional enterprise content management systems are failing to support the new ways in which people are now sharing information and working together. These systems were designed for content storage, not collaboration; for servers, not for the cloud.”

According to Mitchell, Huddle is collaborative, social and ubiquitously accessible, CBR Online notes.

He adds: “Our intelligent collaboration platform opens up content silos across the global enterprise ecosystem, enabling people to share, discover and work on content wherever, whenever and with whomever they need to.”