Lithium Technologies — which provides white-label social networking tools for enterprises — has raised $18 million in a third round of funding. The cash comes from new investors DAG Ventures and Tenaya Capital, along with existing backers Benchmark Capital, Emergence Capital and Shasta Ventures. Lithium’s tools allow businesses set up online communities for their customers, which can include discussion boards, blogs, customer-written content and real-time chats; the company’s clients include Best Buy, Sony (NYSE: SNE), AT&T (NYSE: T) and Univision.
In June, Lithium bought venture-backed Keibi Technologies, which sells a platform that analyzes user-generated content on the web so that businesses can keep track of chatter.
The company says that 2009 was a “record fiscal year for Lithium in terms of new product bookings, new customers and expansion with existing customers” and that the new funds will be used to support the growth.
The round means that Lithium will have now raised $39 million since its start in 2001. The company last got cash in June 2008, when it raised $12 million in a second round. More in the release.
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