WebEx Founder Subrah Iyar Raises $10 Million For New Startup, Moxtra

Posted Sep 24, 2013

Subrah Iyar is one of the most ambitious tech entrepreneurs today.  Iyar founded online video conferencing service WebEx and sold it to Cisco for $3.2 billion back in 2007.  Now he is working on a new startup called Moxtra.

Moxtra has raised $10 million in their first round of funding led by Cisco Systems and KDDI.  Starwood Capital’s Barry Strenlicht also participated in this round.  The funding will be used for marketing and platform development.

Moxtra is a mobile content collaboration company, which has “shared binders.”  The virtual binders lets you collect digital content, customize it, and then share it.  The content works on multiple devices.

The service also a timeline of updates, chatting features, and text/voice bubbles.  It almost sounds like a combination of Facebook, Dropbox, and iMessage.

[Source: VentureBeat]