Funambol offers the OneMediaHub white-label personal cloud solution for mobile operators, content providers and other companies. OneMediaHub is deployed by eight tier-1 mobile operators across five continents, addressing an addressable market of more than 1B subscribers. The company says it will use the new funds to accelerate worldwide expansion of its solution. Leadership includes CEO Amit Chawla, President Fabrizio Capobianco and CFO Alberto Onetti. Funambol is based in Foster City, California. Related news notes a prior $5.75M raise on 10/10/2012. Funambol provides a white-label personal cloud solution called OneMediaHub to mobile carriers, telcos, device makers, service providers, portals and system integrators. Customers are already deploying OneMediaHub to millions of their users. The company positions itself against ‘siloed’ services such as Apple’s iCloud, Google Drive and Microsoft SkyDrive by supporting multiple brands and cross-device compatibility, drawing on its open-source roots. Funambol has closed a new $5.75M funding round and secured a working-capital line to accelerate global expansion. Management says the financing will be used to speed customer acquisition and retention with major global mobile providers as demand for cross-device cloud services grows. Previous investors participated in the latest financing, underscoring investor confidence in its white-label personal cloud market opportunity. Funambol builds open-source cloud-sync software to synchronize cross-platform devices (laptops, smartphones, tablets) with heavily used websites and enterprise systems. The company markets itself as “like iCloud for all mobile phones and connected devices.” It began focused solely on mobile-device syncing and later introduced a mobile messaging app in 2008. Customers listed in the article include Alcatel‑Lucent, Rackspace, Sprint and Samsung. The company was named an OnMobile Top 100 winner. Financially, the company recently raised $3 million and previously received a $12.5 million injection from HIG Ventures and Walden International in 2008. Funambol develops open-source mobile messaging and synchronization software, including a carrier edition that scales to millions of users. Its push-email sync lets corporate email reach the roughly 98% of phones without native email capabilities. The software has been downloaded more than two million times, making it a leading open-source mobile offering. The company generates revenue through its carrier edition. Funambol has about 75 employees, with most of its development team located in Italy. With the new financing the company plans to expand in Europe and Asia. Funambol develops open-source mobile application servers. The company's core product is an open-source mobile app server platform. According to a regulatory filing cited by PE Week, it has secured $5.35 million of a planned $10 million Series B. Return backers in the financing include HIG Ventures and Walden Ventures. Funambol is based in Redwood City, California. The article does not disclose revenue, user metrics, or specific future plans.

Total raised

$27M

Funding rounds

5

Latest round

Equity

Latest activity

Oct 2012