Kleiner Perkins Caufield and Byers, the firm behind a $100 million venture capital for official iPhone application development, told iPhone Atlas that its managers have been been overwhelmed by the response and subsequent slew of applications submitted for iFunding.
Since the program's inception months ago, KPCB has received 1700 applications. So far two of those applications have been publicly revealed as accepted into the program and officially funded. They are: Pelago's Whrrl and iControl Networks iControl. KPCB has also extended one other offer to another startup and another 10 are being seriously considered.
iControl raised $15.5 Million … Read more