Red Bend Software Obtains $10,000,000 Series E Funding Round

  • Feed Type
  • 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
  • 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

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