October 12th, 2006 by Arjan Olsder Posted in Companies & M&A | No Comments »
Airplay, a US based company focused at mobile games and video (which is the companies’ main drive) secured $ 14 million in its latest funding round. Investors for this round of funding where Motorola, Qualcomm, JK & B Capital, Oneset Ventures and Redpoint.
The funding also brings a new director to the board of Airplay. Ali Shedman will fulfill this role on behalf of JK & B Capital.
"The funding now provides us with the financial and strategic muscle required to execute on this massive new market opportunity," said Morgan Guenther, chairman and CEO of AirPlay.
"AirPlay has a completely unique and transformative offering that stands to change the way we experience traditional television," said Ali Shadman of JK and B Capital. "We believe the possibilities are endless for growing their service across many different types of content programming and live events."
