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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

November - 2012 - issue > Venture Beat

Skyfire pulls Rs.50 Crores in Series D Funding from Panorama Capital

SI Team
Wednesday, October 31, 2012
SI Team
Nitin Bhandari co-founded Skyfire pulls in Rs.50 crores in fourth round of funding led by a new investor, Panorama Capital. Existing investors Verizon Ventures, Matrix Partners, Trinity Ventures and Lightspeed Venture Partners also participated in this round of funding. The fund will be used to meet the demands of its growing list of wireless operator customers and to increase its global sales and marketing resources, with further aggressive expansion within Europe and into Asia.

Headquartered in Moutain View, California, Skyfire is a provider of mobile video optimization and cloud solutions for mobility. The company is dedicated to leveraging the power of cloud computing to improve radically the mobile internet experience for both Operators and Consumers.

Skyfire also plans to scale its team and hire staff to cover existing relationships and new opportunities in Eastern Europe, Japan, Southeast Asia and Australia, thereby adding to its London and Silicon Valley offices.

According to the company, data deluge is crushing mobile operators, straining the user experience, and squeezing operating margins. Skyfire continues to innovate on other cloud-powered products as well, with the recently launched Skyfire Horizon browser extension platform. This allows the users to customize their default mobile browsers with extensions, plug-ins, and toolbars similar to how consumers currently personalize their desktop browsers.
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