The italian company Funambol raises $5.75M

Funambol, a Foster City, CA- and Pavia, Italy-based developer of white-label personal cloud technology for mobile providers, has raised $5.75m in funding. Backers include Nexit Ventures and Castile Ventures. The company intends to use the funding, and an addditional working capital line, for major customer adoption (at multiple tier-1 mobile operators and other large service providers in North America, […]