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Mobile Content Backup Services Provider FusionOne Gets $6 Million

Mobile content backup services company FusionOne has raised $6 million in its first round of funding from El Dorado Ventures, Nokia (NYSE: NOK) Ventures, and Vesbridge Partners. The ten-year old San Jose-based company first started out as a synchronization technology platform, but by 2004 had rolled out an automatic back-up services for mobile devices, according to Venture Beat. It now white labels the service for carriers, such as Verizon (NYSE: VZ), whose customers pay $2 a month to access Verizon Backup Assistant, as its known. The operator reports it is “is a top ten revenue generator” for the company.

Feb 28, 2008 9:50 AM ET

Posted In: Money, M&A & Venture Capital, Venture Capital, Companies, el dorado ventures, fusionone, nokia venture partners, vesbridge partners

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Feb 29, 2008 8:22 AM

That’s probably not an ultimate outcome as it could have been expected from the rapid outgrowth of mobile content!

Qurat

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