Bungee Labs raises $8,000,000

Bungee Labs Inc., an Orem, Utah-based provider of a system for creating and delivering next-generation Web applications, has raised $8 million in Series C funding.  Bungee Labs offers Bungee Connect, a web-based Ajax environment for creating interactive web applications. Bungee Connect allows developers to efficiently create and instantly deliver rich web applications for the small-to-medium business market by providing an online environment where developers and clients don’t have to install anything. Bungee Connect also automates SOAP and REST based web services.  Bungee Connect competes with DabbleDB, Zoho Creator, LongJump, Coghead and WyaWorks.