GyPSii Raises $11M

GyPSii, an Amsterdam, The Netherlands-based provider of real time mobile web technologies and products that connect people, closed an $11m private funding round led by U.K.-based Schroders.
This latest round of financing – that brings total fundraising to $40m – will be used to support marketing and additional development of GyPSii applications including Tweetsii.
Tweetsii is the new GyPSii’s application which connects people with places and networks, by bridging the Twitter experience with mobile social media, the social graph, location, and contextual mobile-based search.
Initial availability will be in the Apple Appstore for iPhone, followed by Android and Blackberry platforms.
Based in Salo, Finland and Amsterdam, The Netherlands, GyPSii operates offices in North America, Europe and Asia Pacific.

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