PALO ALTO, Calif.-Danger, Inc. has snagged $37 million in venture capital and a new corporate ally.
The Palo Alto-based company has joined forces with Sharp Corp. to step up production and distribution of Danger’s “hiptop” devices in North American and Europe. Based on the license of Danger’s hardware reference design and client software, Sharp will manufacture, market and design jointly-developed products that connect to Danger’s service infrastructure.
Danger also announced it has secured an additional $37 million in its latest financing round. The company hopes to use the cash infusion to expand sales globally and to build relationships with content partners and original equipment manufacturers.
“This is a major milestone for Danger, and the beginning of a long-term and mutually beneficial relationship with Sharp,” said Hank Nothhaft, Danger’s chairman and chief executive officer. “Sharp’s extensive history of manufacturing excellence, combined with Danger’s innovative software and services, will lead to very compelling offerings for wireless carriers and their customers in the coming months and years.”
