Thursday, July 9, 2009

Borqs Raises $17.4 Million for Open Source Application Software

Borqs, a start-up with operations in Beijing and Sunnyvale, California, secured a US$17.4 million Series B round of venture financing for its open source mobile application software.

Borq's client-side software is based on Google's Android platform. The company aims to give carriers the ability to create a consistent and branded user interface experience that can work across different types of smartphones. Borqs also provides carriers with the ability to create branded application store fronts that offer subscribers a wide range of mobile application choices by tapping into the Android Application Marketplace as well as existing Java-based mobile applications.

Norwest Venture Partners (NVP) led this round, which included participation from current investors, GSR Ventures - the Mayfield Fund China affiliate - as well as Keystone Ventures. As a part of the investment, Mohan Kumar of NVP will join Borqs' board of directors.

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