It’s always a good day when a Portland-area startup gets funding. And by that reasoning, today was a very good day. Portland-based JanRain—a company that started as an OpenID play and has since morphed into the way to simplify distributed Web logins across the board—announced that they had closed Series A financing to the tune $3.25 million. The round was led by DFJ Frontier. Especially considering this round has been rumored to be in the works since this summer.
So how did the market react? Well, there was quite a bit of coverage, so let’s take a look. Read More