Wednesday, June 25, 2014

Phunware Gets Investment From Samsung, Brings Latest Funding To $30.72M

Austin-based Phunware has added Samsun Venture Investment Corporation (SVIC), the venture capital arm of Samsun Group, as an investor in its latest funding round, bring that funding to a total of $30.72M. $26.25M of the Series E funding had been announced in March. Other investors in the round include Firsthand Technology Value Fund, Fraser McCombs Ventures, Cisco, WWE , Maxima Ventures, Wild Basin Investment and the Central Texas Angel Network (CTAN). As part of the announcement, Phunware said it had $22.1M in revenues for 2013. Phunware is led by Alan Knitowski, and provides a platform which helps brands manage mobile and other cloud applications. More information »