Tuesday, August 26, 2008

Jumptap vs. Goog Mobile Search

"Investors still see the mobile search and advertising market as one of the hottest tickets in the digital economy. Since its founding in 2004, mobile advertising startup JumpTap, neighbors of Xconomy just down First Street in Cambridge MA, has raised about $47 million from the likes of General Catalyst Partners, Summerhill Venture Partners, Redpoint Ventures, Valhalla Partners, and WPP. Up until yesterday, that is. Today the company announced that it has raised another $26 million, in a Series D round involving all of the company’s existing investors as well as new lead investor AllianceBernstein L.P. (NYSE: AB) of New York.

JumpTap isn’t a household name, but it provides the technology behind the mobile Web search applications on Java, BREW, and WAP phones from a host of cellular operators, including AT&T, Alltel, Boost Mobile, and U.S. Cellular in the United States; Bell Canada, Rogers Wireless, and Fido in Canada; Telefonica in Spain; TeliaSonera in the Nordic and Baltic region; and Virgin Mobile."

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