Open-source Web conferencing provider Dimdim has raised $6 million in Series B funding, the company is set to announce on Wednesday.
The funding round, which was led by current investors Index Ventures, Nexus India Capital, and Draper Richards, will enable Dimdim to introduce enhancements to the free service and expand its market reach.
Dimdim competes with fee-based services like Webex. Because it is open source, it could become a platform for real-time communications if it garners enough developer support, my CNET colleague Rafe Needleman predicts.
Since its private launch 10 months ago, Boston-based Dimdim has attracted more than 500,000 users in more than 180 countries, the company says.
Video surveillance firm VideoIQ is set to announce on Wednesday morning a $10 million Series B funding round.
Lehman Brothers Venture Partners is leading the round, and current investors Matrix Partners and Atlas Venture are participating.
The funding will be used to help VideoIQ expand to new markets and continue product development of its IP video surveillance and video analytics products, the company says.
Bedford, Mass.-based VideoIQ was spun out of GE Security in 2007 and is headed by Scott Schnell, a former RSA executive.
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