CORRECTING and REPLACING Stealth Company PROFERI Raises $6.3 Million in Series A Funding

Greylock Partners, Andreessen Horowitz and Dave Duffield, Founder of PeopleSoft and Co-Founder of Workday Invest in Cloud-Based Performance Management

CORRECTION...by Andreessen Horowitz

REDWOOD CITY, Calif.--()--Contact of release should read: PROFERI (sted for Andreessen Horowitz).

The corrected release reads:

STEALTH COMPANY PROFERI RAISES $6.3 MILLION IN SERIES A FUNDING

Greylock Partners, Andreessen Horowitz and Dave Duffield, Founder of PeopleSoft and Co-Founder of Workday Invest in Cloud-Based Performance Management

PROFERI (www.proferi.com), the cloud-based enterprise performance management company, today announced that it has raised $6.3 million in Series A financing. Greylock Partners led the round and was joined by Andreessen Horowitz and Dave Duffield, Co-Founder and Co-CEO of Workday and Founder and former Chairman of PeopleSoft. Aneel Bhusri, Co-CEO at Workday and partner at Greylock, and Ben Horowitz, partner at Andreessen Horowitz, have joined the board of directors.

"We’re building a new kind of end-to-end system for developing and running analytical applications," said PROFERI Founder and CEO Christian Gheorghe. "To have Greylock Partners, Andreessen Horowitz, and Dave Duffield on board for the long haul is an incredible privilege."

Currently in stealth, PROFERI is developing its next-generation applications in partnership with multiple Fortune 1000 companies.

About PROFERI

PROFERI is a new Redwood City based startup funded by Greylock Partners, Andreessen Horowitz, and Dave Duffield. PROFERI brings a unified performance application platform for enterprises to the cloud. PROFERI is developing its next-generation applications in partnership with multiple Fortune 1000 companies. To learn more about Proferi, please visit www.proferi.com.

About Greylock Partners

Greylock partners with entrepreneurs to help them build market-leading businesses. Over the past 45 years the firm has worked with hundreds of companies, 150 of which have gone on to IPOs and 100 of which have gone on to profitable M&A events, including: Ascend Communications, CheckFree, CipherTrust, Constant Contact, Continental Cable, Decru, Data Domain, DoubleClick, Farecast, Internet Security Systems, Ikanos, Legato, Media Metrix, Millennium Pharmaceuticals, Openwave, Open Market, OutlookSoft, Polyserve, Red Hat, RightNow Technologies, Success Factors, Sun Edison, Tellabs, Trilogy and Wily Technology. Current Greylock portfolio companies include Data Robotics, Digg, Facebook, Imperva, LinkedIn, Palo Alto Networks, Pandora, Picarro, Redfin, Workday and ZipCar. For more information about Greylock Partners, visit www.greylock.com or follow us on Facebook (http://www.facebook.com/greylock) or Twitter (@GreylockVC).

About Andreessen Horowitz

Andreessen Horowitz is a venture capital firm established in June 2009 and located in Menlo Park, CA. The firm invests in high technology companies and is based on a vision for a new, modern venture capital firm that supports entrepreneurs through angel investments to large scale funding. Its general partners are Marc Andreessen, Ben Horowitz and John O'Farrell, all widely recognized experts in the creation, scaling, and operation of high growth technology companies such as Netscape, Opsware, Silver Spring Networks, and Excite@Home. Andreessen Horowitz has over 25 investments with companies like Foursquare, Kno, Rockmelt and Skype.

RELATED LINKS

http://www.proferi.com

http://bhorowitz.com/2010/10/07/re-imagining-enterprise-applications-in-the-cloud

Contacts

PROFERI
Ann Borja, 650-716-1480

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Contacts

PROFERI
Ann Borja, 650-716-1480