Agito, Nimbuzz Score Second Round Funding

Mobile UC/FMC hardware maker Agito Networks and mobile VoIP software/social network client Nimbuzz both have secured their second rounds of venture funding this week.

Silicon Valley-based Agito received around $13 million, with Castile Ventures leading the round and ITX and original investor Battery Ventures also participating. Agito intends to apply the money to further market expansion in the enterprise fixed mobile convergence (eFMC) arena and for product development.  Agito's RoamAnywhere Mobility Router is fine-tuned to use location-aware technologies to switch between cellular and VoIP 802.11-based calls.

Nimbuzz raised $15 million in its second round, with funding lead by Naspers/MIH and first round investor Mangrove Capital Partners also participating.  The company will take its funding to continue to develop its application and its proliferation, including "strategic" distribution deals with social networks and mobile operators. Operators are expected to sign on because Nimbuzz drives traffic and demand for mobile data services while the software has to be ported to Windows Mobile, iPhone, and Android; currently, the full software and functionality only works on Symbian Series 60 devices while Java-enabled phones can do a hybrid-VoIP solution for making low-cost international calls.

For more:
- Agito second round [1] funding announcement

Related articles:
Cisco teams with Agito [2] for eFMC solution
Nimbuzz Retreads [3] Familiar Ground