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Optical/IP

Friday Funding Roundup

Mformation Technologies Inc: This Edison, N.J.-based mobile device management software company has just announced a $20 million round of financing led by QuestMark Partners .

The firm provides customers such as Vodafone Group plc (NYSE: VOD) and Sprint Corp. (NYSE: S) with device management software. Over-the-air updates for phones are getting increasingly important as handsets get more and more sophisticated.

Eight-year old MFormation has raised over $70 million in funding so far for device management efforts.

Streamezzo: This Paris-based mobile media developer has closed out its second round of funding with money from Qualcomm Ventures, the investment arm of Qualcomm Inc. (Nasdaq: QCOM)

Qualcomm Ventures says that Streamezzo will be by no means the only European startup it invests in. The VC unit says that it will invest $135 million in 3G-related Euro startups. It will be looking for mobile software developers, handset components, network infrastructure, and core technologies providers to invest in.

— Dan Jones, Site Editor, Unstrung

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