Tango, a Palo Alto, CA-based provider of mobile video communications solutions, has closed a $40m in Series C funding.
Backers included new investors Qualcomm Incorporated, acting through Qualcomm Ventures, Access Industries, members of co-founder Eric Setton’s family, Draper Fisher Jurvetson, Michael Birch, Andy Bechtolsheim, and Bill Hambrecht.
This financing, which brings the company’s total funding close to $100m, will be used to deliver new products and services.
Launched in October 2010 by CEO Uri Raz, Tango enables people to connect with friends and family around the world, allowing to make free video calls, free phone calls, and send free video messages. It also provides high quality experience over 3G, 4G, and Wi-Fi.
Tango works on iPhones, iPod touches, iPads, hundreds of Android phones and tablets, Windows Phones, and PCs.
The company is currently hiring (http://www.tango.me/jobs/).
FinSMEs
19/04/2012