The company intends to use the proceeds for strategic growth initiatives. To this end, it is also hiring (read here).
Led by Tom Cotney, CEO, and Jonas Lindeborg, CTO, mBlox provides mobile engagement solutions that aim to help brands, agencies and enterprises create connections with their customers on mobile devices. The company’s network reaches more than 800 mobile operators around the world and enables businesses to reach 6 billion devices.
mBlox’ venture capital investors include Norwest Venture Partners, Scale Ventures, Novus, Trident and Avanti and new partner EDBI (read here).