Movius grabs $13 mln in round led by PointGuard Ventures
Movius Interactive Corp. has received $13 million in funding. PointGuard Ventures led the round with participation from New Enterprise Associates and Anschultz Investments. Movius provides messaging and call completion solutions for the telecom sector.
MENLO PARK, Calif., July 24, 2014 /PRNewswire/ — PointGuard Ventures a new Silicon Valley venture capital firm, leads a $13M financing round for Movius Interactive Corporation , the Atlanta based global leader in mobile identities and converged messaging solutions, it was announced today. New Enterprise Associates (NEA) and Anschutz Investments also participated in the round. Movius is the first mobile investment from PointGuard’s new fund, and will be used to fulfill and accelerate the company’s global expansion associated with their next generation mobile applications platform known as CAFÉ (Communication Applications Framework Engine) and myIdentities, a patented market-leading application.
“Over 150 global carriers have already partnered with Movius, and we have several major partnership announcements coming later this year,” said Dominic Gomez, CEO of Movius. “Our market leading CAFÉ platform and myIdentities application are providing new, seamless multiple identity management solutions on a single mobile device, and this round of funding will help drive both market growth and innovation velocity for us. It’s very rewarding to bring this prestigious group of investors on board to accelerate expansion and position the company for global leadership.”
A holistic multiple identities management service is setting Movius apart in this space, which is projected to grow to a market of over $20 billion USD over the next two to three years. The company’s patented myIdentities solution is proving a compelling approach to thoughtfully address this burgeoning market without any need for multiple handsets or any dependence on existing or multiple SIMs. Its applicability in the consumer/SOHO/small enterprise space, as well as the medium to large enterprise markets, is expected to drive significant growth for the company going forward.