ON24, Inc.

Status: Funding

Company:

• ON24 is a leading provider of webcast and multimedia communication solutions.
• ON24 offers one-stop solutions for internal and external multimedia communications for customers in the enterprise, technology, healthcare, government and financial services industries.
• More than 400 leading companies including Cardinal Health, Cisco Systems, Credit Suisse First Boston, Hewlett Packard, Merrill Lynch, NCAA, Philips, and Sun Microsystems use ON24 for activities such as conferences and events, product launches, sales training, continuing medical education, executive announcements, equity research and financial road shows.
• ON24 products are available as either licensed ASP products or turnkey outsourced solutions

The Product:

• ON24 Webcast Center - a powerful and highly interactive solution that allows companies to engage hundreds, or thousands, of viewers using high-impact video or audio streaming to any PC with a web browser.
• ON24 Webcast Center Professional - created for the professional event producer, Webcast Center Professional includes access to the full-feature platform, plus customization tools for creating richly customized, highly branded Webcast events.
• ON24 Webcast Center CE - addresses the unique requirements for producing rich media presentations and delivering high-quality continuing education program material ON24 Videocast Live - allows users of any videoconference system to easily webcast a live video call to any PC that can be made accessible to a broad base of viewers either in real-time or on-demand.

Current Investors/Backers
ON24, Inc. has raised $40MM by a group of investors including Cannan Partners, Rho Ventures and USVP.

Venture Fund Commitment
ATEL has provided ON24, Inc. with a lease line facility. The purpose of the line will be to acquire equipment used to expand the company's infrastructure.

For more information on ON24, Inc., please visit their web site atwww.on24.com