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KnowNow Leads Enterprise 2.0 Momentum with $13 Million in Funding

KnowNow Inc., a leader in enterprise-class Web 2.0 solutions, has announced it has closed $13 million in new funding led by RSS Investors. Also participating are new investor Presidio Ventures and existing investors Kleiner Perkins Caufield & Byers, Levensohn Venture Partners, and Palomar Ventures. The round was oversubscribed. Richard Fishman, Managing Partner of RSS Investors, will take a seat on KnowNow’s board of directors.

“Besides an impressive list of enterprise clients, we were impressed by KnowNow’s ability to deliver solutions that fundamentally change the way enterprises act on information,” Richard said. “KnowNow is well positioned to capitalize on the burgeoning market for enterprise-class Web 2.0 solutions,” he said.

“Our investors noted the successful deployment of KnowNow solutions into Wells Fargo Bank, three other major financial service institutions, four of the largest technology companies, one of the largest outsourcing companies, and other Fortune 1000 companies,” stated Todd Rulon-Miller, CEO of KnowNow, Inc. “We are delighted to team with RSS Investors and are excited by the opportunity to enhance their portfolio in the enterprise,” Todd said.

“KnowNow has a vision for enterprise-class Web 2.0 solutions, and it is executing to plan,” said Kip Sheeline, Managing Director of Levensohn Venture Partners.

“As one of the first investments of our newest fund, KnowNow has demonstrated exceptional growth and market momentum,” stated Jim Gauer, Managing Director of Palomar Ventures. “Large corporations need solutions to overcome the complexity of today’s information explosion. KnowNow is the clear leader in this field,” Jim said.

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