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Internet messaging software developer FaceTime Communications Inc. of Foster City, Calif., has raised an oversubscribed $15.6 million funding. The round, expected to carry the company through to profitability, was led by Credit Suisse Next II Fund of Zurich, joined by Sutter Hill Ventures of Palo Alto, Calif., JK&B Capital of Chicago and Scale Venture Partners of Foster City. The current financing gives the company secured $45.6 million in venture capital since July 2001. Founded in 1998, FaceTime develops instant messaging and peer-to-peer security and management technology. Its Unified Security Gateway is a single platform that integrates management, security and compliance of Web usage; greynet applications such as public IM, Skype and P2P.

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