Xora Raises $4M

Series B funding round was secured from SoundView Ventures, an existing investor in the company

February 5, 2003

1 Min Read

MOUNTAIN VIEW, Calif. -- Xora Inc, the leading provider of mobile solutions for enterprise applications announced the close of $4 million in Series B funding. Xora solutions for Mobile Sales, Service and Email/Personal Information Management provide out-of-the-box mobile extensions for leading enterprise applications such as Siebel, Amdocs-ClarifyCRM, SAP, Oracle Applications, MS Exchange and Lotus Notes. Xora has several production deployments in Global 3000 companies, and has developed strong momentum through partnerships with Motorola, Amdocs, AT&T Wireless, Siebel and IBM. Customers using the Xora mobile platform to deploy mobile field service, email/information management and sales solutions include Aspect Communications, KLA-Tencor, ParTech, Intuitive Surgical, and MGE UPS Systems. "Xora's ability to raise funding in a difficult venture capital market is an indication of the strength of the company's business value to enterprises that are under growing competitive pressure to deliver solutions for their mobile workforces," said Sanjay Shirole, CEO of Xora. "This round of funding will help Xora consolidate its leadership position, while providing the financial stability that customers and partners demand," said Sanjay Shirole, CEO of Xora. The second round funding was secured from SoundView Ventures, an existing investor in the company. "We continue to believe that Xora's cutting-edge technology, world-class partners, marquee customers and experienced management team uniquely position the company to continue to take advantage of the large and growing opportunity we see in the mobile enterprise market," stated Ned Carlson, Senior Vice President of SoundView Ventures. Xora Inc.

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