Ex-Golden Gate Software CEO raises $11M for new venture

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WebAction, led by CEO Ali Kutay, disclosed in an SEC filing that it has raised $11 million.

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Cromwell Schubarth

Senior Technology Reporter- Silicon Valley Business Journal

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Ali Kutay, who has run and sold several Bay Area tech companies over the past three decades, disclosed on Wednesday that he has raised $11 million in a new venture backed by Frank Caufield and Regis McKenna.
Kutay is CEO of WebAction, a Palo Alto-based company working on what it calls a platform that works as a "real-time Big Data Server."
On its website the company says its technology "enables the next generation of real-time, data driven applications by acquiring, processing, and delivering structured and unstructured data."
The company didn't say in its Securities and Exchange Commission filing who the funders were. It lists as directors Caufield of Kleiner Perkins Caufield & Byers, marketing guru McKenna and Peter Chung of Summit Partners. There were 10 investors involved in the round.
Kutay was CEO of Golden Gate Software, which was acquired by Oracle, for nearly six years. Abnother company he ran, WebLogic, was also acquired by Oracle.
A third company he ran, Formtek, was sold to Lockheed Martin in the late 1980s.
Click here to read the SEC filing by WebAction.
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Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.

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