More Details Emerge on Microsoft Spinoff

 
 
By eweek  |  Posted 2004-07-09 Email Print this article Print
 
 
 
 
 
 
 

The Graw Group receives $4.75 million in financing to develop technology for "improving coordination between family members and communities."

The Seattle-based Microsoft Corp. spinoff, The Graw Group, announced Thursday that it has completed a $4.75 million round of financing led by August Capital and Kleiner Perkins Caufield & Byers. As reported by Microsoft Watch in February, Graw is a company composed of a number of former Microsoft employees developing social-networking software and Web services that will build on top of .Net. Graws original platform target was Microsofts forthcoming Longhorn Windows operating system, which, at latest count, is expected to ship in 2006+. Graw was formed in October 2003 and is being led by Jerry Jaech and Ted Johnson, the two former founders of Visio Corp. Microsoft acq1uired Visio in January 2000 for approximately $1.6 billion.
The Graw founders have been fairly tight-lipped about exactly what type of software they intend to develop. But on Thursday, the company acknowledged it would develop technology for "improving coordination between family members and the communities to which they belong."
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