Friday Funding Roundup
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