Macheen Inc. is a mobile cloud application service provider offering white‑label connectivity and cloud-service platforms for connected devices. Its Pinpoint Services enable always‑on application subscriptions, locked‑down BYOD plans, sponsored access, and spot internet purchases. The platform manages payments, settlements, and customer service and leverages network operator relationships to enable monetization for OEMs, VARs, content and cloud service providers. Macheen’s services are live in 11 countries across Europe and the United States, and publicly announced device partners include Dell and Lenovo. The company announced a strategic investment from Qualcomm; terms of the investment were not disclosed. Macheen plans additional countries and network partnerships to expand adoption of its connected‑device business models. Macheen provides a cloud-based platform that enables connected device makers, retailers and solution providers to ship products "hot-out-of-the-box"—pre-connected to the Internet via mobile networks. Its platform supports new business models and monetization opportunities for device makers, retailers, cloud service providers and network operators. Enrollment partners include Dell and Lenovo, and the company says its services are active across multiple continents. Macheen is a global corporation headquartered in Austin, Texas, with wholly owned subsidiaries Macheen GmbH and Macheen Ltd. The company has positioned itself to expand cloud-based connectivity services and increase adoption rates and market penetration of connected devices and cloud services. Recently it closed an additional financing round to support that expansion. Macheen provides cloud services to connect devices and help device makers and electronics retailers deliver Internet connectivity. The company is led by President and CEO Richard Schwartz. It has services active on multiple continents and a wholly owned German subsidiary, Macheen GmbH. Macheen closed a $10M Series B financing, reflecting its current fundraising progress. The round was led by North Bridge Venture Capital with participation from existing investors. As part of the financing, Basil Horangic, a partner at North Bridge, will join the company’s board of directors.

Total raised

$20M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2012