Kyte announces $15M in strategic investments from world leaders in wireless mobility

December 20, 2007

1 Min Read

SAN FRANCISCO -- Kyte today announced it has raised $15 million in a second round of funding. The round was led by Telefónica, the world’s fourth largest global telecommunications firm, with Nokia Growth Partners, the global private equity and venture capital management arm of Nokia, and DoCoMo Capital, Inc., a wholly owned U.S. subsidiary of NTT DoCoMo, Inc., the leading mobile communication company based in Japan, also participating. Other investors in this round include Swisscom, Holtzbrinck Ventures and Draper Fisher Jurveston.

The investments from these global wireless leaders will serve to further the development and distribution of Kyte’s award-winning social communications platform. Kyte itself is not a destination, but an enabling communications platform that allows partners, through a Kyte-powered service, to offer users an easy way to share pictures and video from their mobile phone or the web that are instantly broadcast to multiple destinations, including websites, blogs, social networks and other mobile phones. For example, multi-platinum selling hip-hop artist and mogul 50 Cent uses Kyte to broadcast exclusive behind-the-scenes footage captured with a Nokia N95 from his latest world tour to multiple official and fan-run websites, and other mobile phones. Using Kyte, fans interact with 50 Cent on the web and their mobile phones through multimedia chat and share their own videos and photos with him and each other.

“Kyte is proud to be working with world leaders in the wireless industry who share in our vision for the future of social communications and creating compelling new ways for consumers to connect with each other,” said Daniel Graf, co-founder and CEO of Kyte. “Through partner integrations we have the potential to reach a massive audience and build a global communications network.”

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