Red Bend Software Obtains $10,000,000 Series E Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cc247fe8-30d7-47b3-b7f1-1cebf8512ce7&Preview=1 -
Date
4/22/2008 -
Company Name
Red Bend Software -
Mailing Address
400-1 Totten Pond Road Waltham, MA 02451 -
Company Description
Red Bend Software drives the development, deployment and updating of the world’s most efficient software delivery solutions. -
Website
http://www.redbend.com -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Series E -
Proceeds Purposes
Red Bend will use the new funds for sales and marketing to grow its position in the mobile market as well as seize new opportunities in licensing its software for other connected wireless devices such as mobile broadband PC cards, USB modems, embedded chipsets and M2M modules. The company also will accelerate investment in research and development for its growing software products portfolio, which includes vCurrent Mobile for firmware over-the-air (FOTA) updating, vRapid Mobile for software component management and vDirect Mobile for device management. -
M&A Terms
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Venture Investor
Coral Capital Management -
Venture Investor
Carmel Ventures -
Venture Investor
Carmel Ventures -
Venture Investor
Greylock Partners -
Venture Investor
Poalim Ventures -
Venture Investor
Pitango Venture Capital
