CubeTree, a freemium enterprise collaboration suite and social networking platform has secured $8 million in Series B financing led by InterWest Partners with existing investor Trinity Ventures also participating in the round. The company, which launched in May of 2009, has raised nearly $12 million in funding from both InterWest Partners and Trinity Ventures, as well as investors, including Mitch Kapor, to date.
CubeTree says it will will use the capital raised to continue investing in product and market development. CubeTree’s enterprise collaboration suite looks like a cross between Facebook and FriendFeed and works like a social network. There are two main components to CubeTree: The Feed and the Profile. But on CubeTree’s feed, instead of seeing updates from everyone in your social graph, you see updates from coworkers. And on your profile page, rather than highlighting pictures or videos of yourself, there is an emphasis on information and documents.
The startup also offers enterprise collaboration tools like wikis, blogs and file sharing, which are integrated into the social network. CubeTree faces competition from Jive Software, Socialtext, and PBWorks, which just upgraded its platform to incorporate additional real-time functionality.