Tuesday, December 20, 2011

Jawbone Secures $40M for Mobile Lifestyle Products

Jawbone, which has been known for its premium Bluetooth headsets, received a combined $40 million in funding from Deutsche Telekom, Kleiner Perkins Caufield & Byers, private investor Yuri Milner, and investors advised by J.P. Morgan Asset Management. This brings funding to nearly $210 million.

Jawbone, which is based in San Francisco, is positioning itself as a "leading innovator in products and services for the mobile lifestyle."

"We are experiencing fantastic growth and the worldwide demand for our mobile lifestyle products and services is unprecedented," said Hosain Rahman, CEO of Jawbone.