Skyfire Raises $5M To Grow Beyond BlackBerry
Summary
Skyfire, the makers of the browser for mobile devices, announced they raising additional $5m in funding topping off their Series B round financing led by existing investors Lightspeed Venture Partners, Matrix Partners and Trinity Ventures.The proceeds will be used to accelerate growth to support new smartphone platforms beyond Windows Mobile, Symbian and BlackBerry, as well as utilize their technology for solutions beyond the browser.In an official statement, Jeffrey Glueck, CEO of Skyfire, was reported as saying: “We see a potential to significantly impact the way people use their phone to access the mobile internet, and with our new funding, we can allow our product to meet pent-up consumer demand on platforms that deserve a better mobile internet experience”.Jake Seid, Managing Director of Lightspeed Venture Partners added “we have been impressed with the growth of Skyfire, and its ability to grab signifigant market share on the Windows Mobile and Symbian platforms.With this funding, the Mountain View-based, founded by Nitin Bhandari and CTO Erik Swenson in April 2006, has raised $22.8m in venture capital to date.
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