Socialtext is a Palo Alto, Calif. based company that builds wiki enterprise products. This type of product is especially useful for those who do not have the time or knowledge to set-up their own wiki. The founders of Socialtext include Ross Mayfield, Peter Kaminski, and Adina Levin are founders of the company.
It is also useful for those who have become fed up with sending attachments back-and-forth through e-mail. I know a couple of start-ups that interact via wikis to report daily progress.
Socialtext announced that they have raised $3 million towards a desired $6.5 million Series C funding amount. Some of the previous investors include Draper Fisher Jurvetson, SAP, Omidyar Network, Mark Pincus (CEO of Tribe.net), and Reid Hoffman (Chairman of LinkedIn). And Jimmy Wales, the founder of Wikipedia serves as a Board member for Socialtext.
In November 2006, Google acquired Jotspot, a similar wiki concept. And Wetpaint, a wiki-builder website raised $9.5 million in funding around January 2007 as well. Wikis are a strong market and millions of dollars are constantly being plugged in.
