WSJ.com - New Web-based Technology Draws Applications, Investors

Now his San Mateo, Calif., business has amassed $16 million in funding from venture-capital firms including Accel Partners, Redpoint Ventures and Benchmark Capital, the firm that famously funded eBay Inc. Peter Fenton, an Accel partner, says Ajax "has the chance to change the face of how we look at Web applications" and could boost technology spending by corporations, because Ajax is also being used to develop software for big companies, not just for consumers.

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