TMCnet News

NeuString raises funding from Intel Capital
[November 18, 2009]

NeuString raises funding from Intel Capital


Nov 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- NeuString, an UAE-based provider of predictive analytics software and consulting services to mobile network operators, has raised funding from Intel Capital.

Concurrently, Intel has invested total approximately $25 million in six more companies including Joyent, Inc., Crucialtec Co., Ltd., Active Storage, V-cube USA, Inc., Phoenix New Media and Gudeng Precision Industrial Co., Ltd.

Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2009-11-17 Deal Participants Target (Company) NeuString Deal Rationale The funding will be used by NeuString for its sales and marketing build-out, and new product development.

[ Back To TMCnet.com's Homepage ]