$16 Million in Funding for Two Stealth Mobile Companies
There’s something in the air, and it smells like wireless. Two local mobile-software startups, both very mysterious, both still in stealth mode, have received financing in the same week. On the heels of recent activity involving Red Bend, Skyhook Wireless, and iPhone parties, it seems like the local mobility scene is heating up.
OK, here’s what’s new. Azuki Systems, based in Acton, MA, has changed its name from Peermeta, and has just raised $6.1 million in Series A funding, according to a regulatory filing and Private Equity Hub. The company was founded in January 2007 and is backed by local venture firms Kepha Partners and Sigma Partners. According to Azuki’s website, it is “a pioneer in Web 2.0 enabled software platforms for intelligent end points utilizing mobile broadband infrastructure.” Got that?
Not to be outdone, Waltham, MA-based EnvIO Networks has raised $10 million in Series B funding, led by Matrix Partners and North Bridge Venture Partners. According to its website, the company is “delivering a product that defines a new category of mobile application, bringing content to subscribers in new and innovative ways.” Hmm, even more vague. We’ll beam you more info when we get it.
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