With newly raised $6.3M, ex-Tibco execs launch Avaamo messaging app for business

A startup headed by ex-Tibco execs is launching a free text messaging and voice app today targeted at the still-open business market.

Los Altos, Calif.-based Avaamo is citing the speed of the app, its encryption and other security, the ability to communicate with non-Avaamo users, and business-oriented functions as its core features. The company is also announcing today that it has raised a $6.3 million seed round.

The co-founders, CEO Ram Menon and CTO Sriram Chakravarthy, previously led the Tibbr social computing product at Tibco. The idea for the new company began when Menon had to negotiate a contract via messaging.

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