WOBURN, Mass.—Cerylion Inc. announced it has been awarded $5 million in series B convertible preferred funding, led by Chestnut Partners Inc. Cerylion said it will use the funding for continued development of its wireless offering and to expand sales efforts.
The company plans to launch a suite of personalized mobile network applications that allow desktop and wireless data users to efficiently access content and services from several sources in any context, this month. “Wireless subscribers want to access content and actions based on their own context,” explained Cerylion’s Ilan Rozenblat, chief executive officer. “There’s a huge market demand for technologies that can perform in this manner. Chestnut Partners has recognized that Cerylion will be a key player when it comes to solving the problems people experience trying to organize information across their desktops and wireless devices.”
