Welcome!

Mobile IoT Authors: Michel Courtoy, Shelly Palmer, Yeshim Deniz, Liz McMillan, Ed Featherston

News Feed Item

New York Mobile Startup bMobilized Lands $2.5 Million in Additional Series A Funding from Three Top Nordic VCs

Alliance Venture, Investinor and Alden AS Increase Their Initial $1.5 Million Stake To Support Company's Advanced DIY Mobile Conversion & Solutions Technology

NEW YORK, Dec. 21, 2012 /PRNewswire/ -- Mobile technology startup bMobilized (http://bMobilized.com) today announced an additional $2.5 million in Series A funding from Norway's Alliance Venture, Investinor and Alden AS, which together had invested $1.5 million in the New York startup last April.

(Photo: http://photos.prnewswire.com/prnh/20121221/PH33408-a )
(Logo: http://photos.prnewswire.com/prnh/20121221/PH33408LOGO-b )

bMobilized's cloud-based do-it-yourself technology platform lets small and medium businesses instantly convert their websites into customizable HTML5-enabled mobile sites that look and work great on any mobile device, OS and browser.  The current technology platform, which launched in May, now works in eight languages and costs just $9/month including set-up and maintenance.

Both Alliance Venture and Investinor specialize in privately held, early stage technology companies seeking to expand internationally. Alden AS is a well-known and successful Oslo-based venture capital company that invests in a range of industry sectors. They are pleased to continue their support of the bMobilized team given the size and growth of the market, the company's patented technology and its 400% growth in customers since May.

The additional funding will allow bMobilized to invest in resources to better capitalize on current market momentum and further develop its end-to-end solutions platform to help SMBs better engage mobile customers. This will include overseas market expansion, new feature-rich functions, an API for large-volume partners and a pure white label solution.

"The confidence these investors have shown in bMobilized is further validation that our technology and unique market position can meet the explosive demand from SMBs to jump on the mobile bandwagon," said bMobilized CEO Ben Seslija. "Our platform makes it simple for businesses to accomplish this once complex and costly task."

The business need for a service like this is clear when one considers that the number of smartphones in use worldwide totaled 1.03 billion in Q3 2012, a 47 percent increase from Q3 2011. By 2015, that number is predicted to double to 2 billion, according to research by Five Star Equities. U.S. smartphone ownership reached 51% in September (119.3 million users), up 8% since June according to ComScore.

Still, an SMB DigitalScape study of two million small business websites  found that 98% of SMBs still do not have sites optimized for the dominant mobile operating systems: Android, iOS, BlackBerry, Windows and Symbian.

Under development for more than two years, bMobilized's patented technology produces a mobile experience that better reflects the original website's graphic look and feel -- with more functionality -- than any other mobile conversion technology available today. The Automatic Content Identifier (ACI), contains more than 300 algorithms to analyze, detect and convert all parts of a website into an HTML5 mobile version in less than 30 seconds.

The technology also offers more than 30 individually customizable features that enhance mobile engagement, e.g., a contact bar, maps, social sharing buttons, product promo window on home page, etc. bMobilized also makes it easy for companies to promote and market their products and services via Google AdWords, QR Codes, and in-app ads. The mobile site requires little or no maintenance.

About bMobilized
Headquartered at 670 Broadway in New York City, bMobilized (http://bMobilized.com) is a global pioneer in DIY website-to-mobile conversion that offers small and medium businesses the most advanced, easy-to-use and cost-effective mobile site creation tools in the marketplace. The company was founded in 2005 in Oslo, Norway and relocated to New York in 2010 where it currently has 15 full-time employees.

About Alliance Venture
Alliance Venture (http://www.allianceventure.com) is a venture capital firm managing venture funds investing in privately held, early stage technology companies. Total funds under management are 430 MNOK (about $75 million).

Alliance Venture was formed in 2001 by a team of experienced executives with a good balance between operations and business, applied research, entrepreneurial and financial background that enables efficient investment evaluations and active follow-up. This is supported by a network of strategic partners who contribute with know-how, deal flow, due-diligence, co-investments and partnerships for the firm's portfolio companies.

About Investinor
Investinor is a government-funded investment company. It invests venture capital into highly competitive and promising Norwegian companies aiming for international growth and expansion. Investinor manages NOK 3.7 billion (mEuro 460) under a mandate from the Norwegian Parliament (Stortinget) and invests on the same terms and conditions as private investors, with a clear exit strategy for all investments.

Investinor is one of the major venture investment companies in Norway, both in terms of manpower and capital under management. Its team has a superior overview of the market and attracts high quality dealflow. Investinor's team is a value adding mixture of engineers and business professionals with industrial and entrepreneurial experience.

Alden AS
Alden is a private investment company based in Oslo, Norway. It invests in a range of asset classes across many industry sectors. Since its inception, Alden has had a strong focus on venture capital investments to which, in addition to providing capital, offers access to the firm's comprehensive network of resources. The company often co-invests with several of the leading venture capital firms in the Nordic region.

Contact:
Peter Himler
Flatiron Communications LLC (for bMobilized)
[email protected]
Google Voice: 516-308-1120

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE bMobilized

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...