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Web Development - Wednesday, March 28, 2007

Coghead Raises $8M For Web Application Builder For Dummies

Coghead is one of new bread of Web application frameworks that is meant to be used by visual designers wh in the past probably felt that they were in over their head with application development Coghead is primary used to create business applications and sets new standards of making business forms creation accessible through drag and drop functions.

Coghead faces competiton from the likes of Dabble DB, Zoho Creator and WyaWorks.

Today, Mountain View's Coghead has raised $8M in second-round funding led by American Capital Strategies led the deal with new investor SAP and they were joined by return backer El Dorado Ventures. Coghead's CEO, Paul McNamara was an EIR at El Dorado. Before that he was BD VP at Red Hat and took part in their IPO lucre.

Coghead says that since launching its public beta program in October 2006, it has attracted more than 16,000 developers with its "No coding required" message.

For pricing, Coghead says: "We're still working on pricing, and will share more with you as we get closer to launch. That said, our pricing will be extremely competitive. We can tell you that we will offer a free trial account, and a subscription model with tiered pricing plans.To give you a rough ballpark, our average user plans will be less than basic cable TV per user per month."

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