Action Engine Raises $20M for Mobile Software Business

Jul 31, 2007


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Action Engine Corporation, the On-Device Portal Company, has announced that it has raised $20 million of equity in its round of venture funding. This round brings the total funding raised to date to $65 million and was led by current investor, Baker Capital, with participation from other current investors: Northwest Venture Associates and The Spangler Group. The funding will be used to accelerate investment in the company’s sales, marketing, and customer implementation functions. Action Engine enables media companies and network operators to build, deploy, and manage highly personalized and intuitive suites of mobile applications.

(www.actionengine.com)