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Lithium Technologies Raises $53.4 Million From NEA & SAP Ventures
Lithium Technologies has just announced a $53.4 million Series D funding round led by New Enterprise Associates (NEA) and SAP Ventures, which also includes existing investors Benchmark Capital, DAG Ventures, Emergence Capital, Greenspring Associates, Shasta Ventures and Tenaya Capital. In addition to the funding, Lithium has added NEA Partner Pete Sonsini to its board of directors.
GigaOM's Ryan Lawler interviewed Lithium CEO, Rob Tarkoff, about Lithium's differentiators in the market and its plans to use the funding to aggressively expand its services, through the addition of new employees.