Bungee Labs Adds $8 Million

Bungee Labs Inc., an Orem, Utah-based provider of a system for creating and delivering next-generation Web applications, has raised $8 million in Series C funding, according to a regulatory filing. Backers include North Bridge Venture Partners, Venrock and Wasatch Venture Fund.

The company had raised a $7.1 million Series B round in november 2006 at a post-money valuation of approximately $30 million. www.bungeelabs.com