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Adaptive mobile secures 14$ MIllion Funding

Mobile security company AdaptiveMobile has secured $14 million in a second round of funding led by Doughty Hanson. Noor Financial Investments and Intel Capital also participated in the round, reports Red Herring. AdaptiveMobile had previously raised $6 million. The new funding will be used for R&D and sales. The company sells its software to carriers so it can boost subscriber numbers by 20 million with one sale—it has 85 million subscribers and customers in the US, Africa, the Middle East and Asia Pacific

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June 11, 2007 - Posted by | Mobile news

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