Nimble.com, the start-up behind Advanced XML, has just closed its first round of financing and plans to use the funding to ramp up its operations and release its first product early next year.
The company, which was launched in June by Daniel Weld, Linden Rhoads, the firm’s interim chief executive, and Alon Levy, an XML expert and player in the World Wide Web Consortium's efforts to develop a standardised XML query language, says it already has several beta customers.
It has also received financial backing from David Pool, chief executive of XML vendor, DataChannel.
The Extensible Mark-up Language (XML) is a data transfer mechanism that is being widely adopted across the industry to store, process and retrieve data on the Web and across enterprises. And Nimble.com claims it has come up software to control and process such transactions.
Rhoads said: "Nimble.com's products and support tools will enable efficient storage, manipulation, querying and integration of distributed XML data."
She added that the company's technology would enable users to optimise ecommerce and intranet applications, internal operations, and specialised information delivery.
Rhoads has previously been invloved with several high tech companies, including Chili!Soft, 2Way Corporation, and AdRelevance, which she jointly founded with Weld.
Eric Brown, an analyst with Forrester Research, said that technologies such as XML and HTTP were much easier to develop applications for the Internet with than traditional ones such as CGI.
Tom Alberg, principal at Madrona Investment Group, added: "Many of our portfolio companies, and the industry at large, have confirmed the need for XML based technologies in advancing online business. In our view, Nimble.com has both the technology and seasoned executive team to deliver products that will revolutionise the industry."
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