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Last Updated : Apr 26, 2012 06:45 PM IST | Source: SME Mentor

United Mobile Apps gets $1 mn from Mumbai Angels

United Mobile Apps (Uma), a 4G technology company, that provides next generation wireless deployments, got a $1 million infusion from Mumbai Angels, an angel network in India.



First on SME Mentor


 


United Mobile Apps (Uma), a 4G technology company, that provides next generation wireless deployments, got a $1 million infusion from Mumbai Angels, an angel network in India.


 


United Mobile Apps (Uma) focuses on delivering key innovations for wireless networks, with immediate emphasis on 4G/LTE (Long Term Evolution Technology). Uma has already integrated its solutions with some of the leading semiconductor vendors, Mumbai Angels said.


 


Sriram Iyer, co-founder of Uma, said, “We are extremely excited to have completed this round of funding which will enable some of our key expansion initiatives and set up sales/marketing channels in Apac, EU regions and in the USA. We are in the verge of a 4G revolution and Uma is well poised to deliver its innovations to fuel growth of the next generation wireless networks.”


 


The Mumbai Angels-led funding was joined by Blume Ventures, India Venture Partners (Mauritius) and Christopher Preinz and Associates (EU). Vivek Mohan, ex-president of Alcatel-Lucent's services business and an active Mumbai Angel investor, would be on board of Uma.


 


“We are very glad to support Uma. Some of the technologies that they work on will power next generation of mobile and wireless devices, and we are confident they’ll emerge as a major global player in the 4G/LTE domain.”


 


Uma has also expanded its sales to Japan, and is working on some key partnerships in that region. Arun, a cofounder of Uma said, “Access to capital at this juncture will help us expand engineering, marketing/sales and R&D activities. We are very excited to have investment from Mumbai Angels, and are confident that its wide network of Angels will help us with key partnerships apart from the capital!”


 


Ashpi Gupta, who led this round from Mumbai Angels quoted “We are glad to see the next generation of start-ups emerge, on domains like 4G wireless in India, which were only previously limited to the Valley. It is a healthy trend, and we are confident that our investment in UMA will encourage more founders to start more such ventures.”


 

Gupta said Uma is well-poised to expand its key offerings and work on their core connection management, device management and data synchronization platforms and enable silicon vendors, device manufacturers and operators deliver a connected experience to the end-users.



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First Published on Apr 26, 2012 06:37 pm
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