Sunday, June 29, 2003

Motorola Invests in Bitfone

Bitfone, a start-up based in Laguna Niguel, California, has secured additional funding from Motorola Ventures for its over-the-air (OTA) firmware update technology for mobile phones. Bitfone's technology enables the updating of a mobile phone's entire firmware over the air in a fault-tolerant manner. Total funding in Bitfone now stands at over $35 million. Previous investors include Nokia Venture Partners, St Paul Venture Capital, 3i, Nexit Ventures, Orange Ventures, KTB Ventures and CIR Ventures. Bitfone said it is the first company to receive funding from both Motorola Ventures and Nokia Venture Partners.