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This is a really interesting concept and if done right tould herald the start of Web 3.0
Originally posted on Gigaom:
Realtime, a 15-year-old business, is trying to speed up the web and just scored $100 million in investment to make its real-time web platform the gold standard for developers and web sites everywhere. Realtime, a company that was created in 1997 as Internet Business Technologies, said it has raised a whopping chunk of change from BRZTech Holding, a São Paulo-based technology investment company.
BRZTech is a three-month old investment vehicle backed by a number of private investors in Europe and South America, including Portuguese conglomerate The Ongoing Group. Realtime CEO André Parreira (pictured above) explained that the company plans to use 60 percent of the money on R&D and hiring new people with the remaining 40 percent going toward marketing and launching the technology in the U.S.
So what is this technology that deserves so much investment? Parreira explains that it is a line of code that developers can…
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