iSkoot raises $19 Million in series C funding

Printer Print Email Email
San Francisco: iSkoot, a provider of mobile Web services has secured $19 million in series C funding round. Led by Vision Opportunity Master Fund, the round saw participation from existing investors like Charles River Ventures, Khosla Ventures, Jesselson Capital Corporation and ZG Ventures. iSkoot will use this round of funding to support introduction of a groundbreaking suite of mobile communication solutions and maintain its position at the leading edge of mobile experience development. Mark Jacobstein, CEO of iSkoot said, "iSkoot products let mobile consumers get greater value from the Web services they already count on, and in the current economy value is going to be a powerful differentiator. We look forward to introducing a complete, transformative mobile experience that genuinely enhances the tools real people use to stay connected." With its recent acquisition of Social.IM - the desktop IM client that brings real-time communication and notifications to social networks - iSkoot is positioned to introduce a new class of integrated Web/mobile communications. Izhar Armony, general partner at Charles River Ventures said, "There is market potential for iSkoot's mobile solutions. The company's success in raising capital at a time of significant market volatility speaks about the company's value proposition."

Digital Supply Chain Transformation – Winning the AI/ML Way