ATLANTA-Several wireless-related companies started the New Year with reports of new funding.
c DoOnGo technologies Inc., provider of over-the-air mobile device software management, announced it closed $18 million in venture capital funding, which it plans to use for product development, business expansion in the United States, Europe and Asia, and to enhance its sales and marketing programs.
c Advanced Recognition Technologies Inc. (ART), which makes voice and handwriting recognition software, said it closed on more than $6 million in a round of financing. ART will put the funds toward worldwide sales and marketing initiatives.
c Irish mobile-phone blogging developer NewBay said it received a $4 million investment from the European office of Benchmark Capital. The funding will enable NewBay to expand its current operations and develop new products and services based on its FoneBlog product.
c Dwango North America Corp., developer and publisher of wireless applications, said it closed a $1.7 million private placement of senior convertible notes and common stock purchase warrants. The company plans to use the funds for general corporate purposes, including working capital.
c Brightstar Corp. said it has raised more than $61 million in gross proceeds through a private placement of securities. Brightstar plans to use the funds, raised from investors including Falcon Investment Advisors, Prudential Capital Group, Grandview Capital Management and Ramius Capital Group, to continue its growth plans and for general corporate purposes.
c U.S.-based Telcontar said it secured its $6.6 million A1 round of funding. The software and location-based services company said Cardinal Ventures led the investors, which included members of the current management team.
c Siemens Mobile Acceleration said it invested in German software company Jentro Technologies. The value of the first-round funding was not disclosed, but included private investors as well. The company has developed a navigation system that runs on Java-based mobile phones.
