Prism Skylabs Secures $1.5 Million in Seed Funding

SAN FRANCISCO, CA--(Marketwire - Sep 13, 2011) - TechCrunch Disrupt Conference -- Today, Prism Skylabs announced that it has raised $1.5 million in seed funding from a who's who syndicate of investors, including technology industry veteran Yuri Milner; Founder and CEO of StumbleUpon, Garrett Camp; and Founder and former CEO of Mint.com, Aaron Patzer. The company also received funding from Google Chairman Eric Schmidt's Innovation Endeavors and Ron Conway's and David Lee's SV Angel, in addition to being the first company to receive investment from CrunchFund.

This news comes on the heels of the company's public debut at TechCrunch Disrupt earlier today. For more information, see the corresponding release "Prism Skylabs Disrupts TechCrunch Disrupt." To receive an invitation to Prism Skylabs' closed beta program, visit pri.sm/beta.

Comments on the News:

"The accomplished team of investors we've put together speaks to the massive opportunity we see. Prism Skylabs is setting out to truly disrupt how consumers interact and engage with physical spaces online, as well as create entirely new revenue streams for all kinds of businesses," said Steve Russell, founder and CEO, Prism Skylabs.

"Prism's game-changing vision, coupled with the seasoned team capable of executing against it, makes Prism Skylabs something truly unique and a company on track to disrupt the industry," said David Lee, managing member, SV Angel. "Consumers should be able to go beyond the 'street view' of any venue to truly explore and learn about the physical space online. Prism Skylabs is making this a reality."

To get a deeper look at Prism Skylabs or receive an invitation to the free closed beta program, head to pri.sm/beta.

Prism Skylabs: Explore Place™
Prism Skylabs brings physical spaces online, creating new places for people and businesses to understand and engage each other. The company is privately held and is based in San Francisco, CA. For more information or to receive an invitation to the closed beta program, visit pri.sm/beta.

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