Sunday, September 16, 2007

Ecrio Raises $24 Million for Mobile Commerce Software

Ecrio, a start-up based in Cupertino, California, raised $24 million in venture funding for its work in real-time communications and commerce software for mobile phones.

Ecrio's software solutions include 3G communications applications, such as Instant Messaging and Presence Services (IMPS), VideoShare, VoIP, and Push to Talk over Cellular (PoC); and mobile commerce applications, including NFC and MoBeam mobile barcode redemption. Ecrio's customers include ASUSTeK, NEC, NTT DoCoMo, and Panasonic.

CSK, JAIC, and Nomura Securities, all global firms which closely track the wireless industry, joined Aplix, NTT DoCoMo, Visa, and current investor Noventi/CIR Ventures in the round. JAIC will add a director to Ecrio's board, joining members from Nexit Ventures, Noventi/CIR Ventures, and Ecrio.