Seeding the Cloud

5:35 PM -- It has been an interesting week in mobile funding so far.

Femto chipmaker Picochip grabbed an impressive $20 million and is now talking about an IPO. A solid result, especially given the recent predictions of falling femto shipments. (See Femto Forecast Cut and PicoChip Bags $20M, Plans IPO.)

Even more impressive in some ways is the $10 million grabbed by startup Evernote Corp.. The Sunnyvale, Calif.-based company will put the money toward its software service that allows users to write notes on various mobile devices and access them anywhere. Think of it of it as a giant Post-it note in the sky!

Since its launch in June 2008, the Evernote service has gathered nearly 2 million users, and has launched versions of its software for Windows, Mac, Web, iPhone, BlackBerry, Palm Pre, and Windows Mobile.

In this financial climate it is somewhat surprising that a software company has grabbed $10 million in Series B funding. I suspect it is in part because Evernote fits very nicely with the very trendy concept of cloud computing.

— Dan Jones, Unstrung
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