Friday, May 30, 2008

Skyfire is the creator of the Skyfire mobile browser, which extends the PC Web to mobile phones got $13 million

What Company Is Offering:

Skyfire is the creator of the Skyfire mobile browser, which extends the PC Web to mobile phones so users can experience the mobile Web exactly like they do on their PCs.

How Much They Got from Vcs:

Skyfire Labs Inc., makers of the game-changing Skyfire mobile browser, which allows users to experience the PC Web on their handsets, today announced $13 million in Series B funding led by Lightspeed Venture Partners, a leading global venture capital firm. This round of funding also includes previous investors Matrix Partners and Trinity Ventures. The company will use the funds towards further rollout of its flagship browser and will add Jake Seid, Managing Director of Lightspeed, to its Board of Directors.

“We’re thrilled to welcome Lightspeed and get the continued commitment from Matrix and Trinity,” said Nitin Bhandari, CEO of Skyfire. "Lightspeed has fueled innovation in mobile and consumer portfolio companies, and we are certainly ready to take mobile browsing to the next level with their support and guidance. With these funds, we are poised to bring Skyfire to a large number of handsets and launch outside the U.S. Skyfire gives users the freedom to browse whatever they want, and now we can extend our efforts to get Skyfire on a significant market share of Smartphones – giving more people what they hunger for"

More at:www.skyfire.com.

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