Urban Airship Raises $15.1 Million from Salesforce.com and Verizon
Urban Airship today announced that it has raised $15.1 million in Series C funding to help brands and developers create the next generation of cutting edge mobile apps. Strategic investors including salesforce.com and Verizon participated in the round, along with existing investors Foundry Group and True Ventures.
Portland, Ore. (PRWEB) November 06, 2011
Urban Airship today announced that it has raised $15.1 million in Series C funding to help brands and developers create the next generation of cutting edge mobile apps. Strategic investors including salesforce.com and Verizon participated in the round, along with existing investors Foundry Group and True Ventures. The investment brings the total raised by Urban Airship to $21.6 million, and follows on the heels of the companyÃ¢s acquisition of SimpleGeo.
Urban Airship is one of the fastest growing mobile infrastructure companies, with more than 20,000 customers including most of the top media brands worldwide. The companyÃ¢s revenue has grown exponentially year over year, fueled by developers who are building Urban Airship into tens of thousands of mobile apps, and using its back-end platform services to power context-rich in-app communications with customers.
Ã¢Å“The velocity of change just wonÃ¢t stop in mobile and we are working hand in hand with some of the worldÃ¢s biggest brands to help them set their mobile strategies, and create experiences that consumers will love,Ã¢ said Scott Kveton, CEO, Urban Airship. Ã¢Å“Right on the heels of our SimpleGeo acquisition, weÃ¢ve got the best team, best technology and a proven business model. Now, with this infusion of capital, the Airship is set to really take off.Ã¢
The new capital, combined with the acquisition of SimpleGeo, puts Urban Airship in the position to offer a complete mobile engagement platform – including a scalable infrastructure and range of tools and services. The backing from key strategic investors makes it clear mobile is something thatÃ¢s on everyoneÃ¢s minds. Push notifications, in-app purchasing, subscriptions, context and geo-location will come together on a single platform, enabling developers to build a new class of apps that are smarter, more context-rich and more valuable to consumers.
About Urban Airship
Urban Airship powers the worldÃ¢s most successful mobile apps. Providing breakthrough technology, Urban Airship makes mobile marketing far more engaging, effective, and efficient. Top brands depend on Urban Airship to ensure their mobile app initiatives are scalable and profitable. Dictionary.com, Groupon, Warner Bros., Weather Channel and Yahoo! are just a few of the thousands of companies that utilize Urban Airship’s innovative platform to reach and engage target audiences and increase app revenue streams through push notification, rich messaging, in-app purchase, subscriptions and data tracking. The companyÃ¢s investors include FounderÃ¢s Co-op, Foundry Group, salesforce.com, True Ventures and Verizon. Urban Airship is headquartered in Portland, Oregon with offices in San Francisco. For more information, visit http://www.urbanairship.com and follow us on Twitter @urbanairship.
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