Movik Nabs $8.5 Million
Wade Roush12/7/09
Movik, a Littleton, MA, startup developing software to speed delivery of content to mobile devices, has raised $8.5 million in new equity-based financing, according to regulatory documents filed Friday. Existing investors Highland Capital Partners and North Bridge Venture Partners participated in the round. Movik CEO Ramji Raghavan is a former general manager at Telsima, founder and former chief technology officer at Coriolis Networks, and a veteran of Digital Equipment and Cabletron.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
