Mobilitec, a start-up based in San Mateo, California, raised $12.1 million in Series C financing for its software for mobile content deliver. Mobilitec's mPower includes components for media downloading, digital rights management and streaming. Mobilitec said it now has 20 wireless carrier customers, including Vodafone.
The new funding was led by Canaan Partners and included new investor Duchossois Technology Ventures, as well as existing investors AIG Orion and Lucent Venture Partners.
http://www.mobilitec.com
- Mobilitec is headed by Margaret Norton, who previously served as the General Manager and Senior VP of the Service Provider division of Octel Communications (later acquired by Lucent Technologies).
