Google and Intel take a taste of SweetLabs

Sep 30, 2011 • Robert Lavine

US-based software developer SweetLabs closed a series C funding round worth $13m, led by corporate venturing unit Intel Capital yesterday. Also participating were Google’s corporate venturing division, Google Ventures, and venture capital firm Bessemer Venture Partners.

Founded in 2008, SweetLabs creates products that aid software developers, the first being the advertising network OpenCandy. Open Candy attracted $5m of series B financing in April 2010 from Google Ventures, Bessmer and O’Reilly Alpha Tech Ventures (OATV).

OATV, the corporate venturing unit…

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