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Stantum secures $13 million in Series B funding

By: , IntoMobile
Thursday, March 19th, 2009 at 3:44 PM

StantumStantum Technologies, the company which we know for its multi-touch technologies, has recently announced that it has secured $13 million in Series B funding from CDC Innovation, Auriga Partners and XAnge Private Equity, which is the company’s historical investor. As part of the deal, CDC Innovation’s Valery Huot and Auriga Partners’ Philippe Granger have joined Stantum’s board of directors, alongside Nicolas Rose, partner at XAnge Private Equity.

For those that are wondering what will Stantum do with the new money, the company’s CEO said the funds will be used to develop a worldwide sales and marketing organization in the U.S., Europe and Asia; increase R&D capacity for next-generation sensing technologies and new products; and establish and increase mass manufacturing capabilities through partners.

At the Mobile World Congress in Barcelona we saw Stantum’s technology in action and from what I can tell, there’s a promising future for both the company and its investors…

About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.