Did you miss a session from the Future of Work Summit? Head over to our Future of Work Summit on-demand library to stream.
Movius, a messaging and call completion service provider, has raised $13 million in financing, it announced today.
It will use the funding to expand its CAFÉ and myIdentities platforms globally. CAFÉ is short for Communication Applications Framework Engine, which the company calls a “next generation mobile applications platform.”
In plainer English, the company’s services allow people to use the same device for business and personal use, with support for multiple phone lines, split billing, and more. Basically, these services allow people to manage their multiple identities and roles in life without needing to use more than one device.
Movius has partnered with 150 global carriers thus far, with more partnerships promised for later this year.
Brand new venture capital firm, PointGuard Ventures led the round and seems enthusiastic about the deal. “Movius is already becoming a new industry standard almost simultaneously in support of a massive new global communications segment,” said PointGuard Ventures’ managing director Krish Panu in a statement. “We couldn’t be happier making Movius our first mobile investment,” he said, noting that more additions to the firm’s portfolio will be announced as the year progresses.
New Enterprise Associates (NEA) and Anschutz Investments also contributed to the funding round.
Movius was founded in 1999 and is currently headquartered in Duluth, Georgia. It has raised a total of $39.5 million in previous funding rounds. Its biggest competitors at the moment are Alcatel-Lucent and Tecnotree, both of which offer variations on the services Movius provides, with greater emphasis on enterprise-level solutions.
PointGuard Ventures was founded by Krish Panu and Pete Thomas and is based in Menlo Park, Calif.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more