Bungee Labs Gets Funding From Venrock, Wasatch Venture Fund has learned that Bungee Labs, an Orem-based firm that is developing next generation web services integration products, has received venture funding from Venrock Associates and Wasatch Venture Fund. Bungee Labs, which has yet to launch, says on its web site that it is developing AJAX-based software to deliver next generation web applications. The firm is listed in Venrock's portfolio firms; Wasatch does not list Bungee as a portfolio company but Wasatch Venture Fund's Nick Efstratis is listed as representing Wasatch on Bungee's board. More information »