July 9, 2001 4:50 PM PDT

Ikimbo snags $9.5 million

Ikimbo said Monday that it has raised $9.5 million in a third round of funding, led by William Blair New World Ventures. Other investors included Cross Atlantic, Draper Atlantic, Exelon Capital Partners, MRW Enterprises, Schoffstall Ventures and Steve Walker & Associates. Herndon, Va.-based Ikimbo software is designed to enable companies to use real-time encryption when communicating via instant message, conference, file share and transfer, and wireless devices. The company has raised a total of $7.6 million in funding.

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