Bungee Labs Swings $7 Million Deal

Bungee Labs Inc., an Orem, Utah-based provider of a system for creating and delivering next-generation Web applications, has raised $7 million in Series B funding, according to a regulatory filing. Backers include North Bridge Venture Partners, Venrock Associates and Wasatch Venture Fund. www.bungeelabs.com < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />