Feeds

Investors shovel another $10m of 'fuel' onto the SkyFire

Whose side are you on? Server side?

The Power of One Infographic

Cloud-optimised browsing company SkyFire has landed another $10m investment, on top of the $30m it has already spent, to push its mobile browsing solution into Europe and Asia.

Mobile browsing optimisation company SkyFire has raised another $10m from investors, on top of the $30.5m that has already been poured into the company since 2007 when it started providing server-side interpretation of internet content. These days SkyFire is all about video, making it easier and cheaper to watch on the move, and we're told that this money will fund the expansion of that effort into Europe and Asia.

The cash comes from Panorama Capital, which is new to the table and joins existing investors Matrix Partners, Trinity, Verizon Ventures, and Lightspeed Venture Partners. The first two of those have been putting money in steadily since the beginning, with LightSpeed joining them in 2008 and Verizon arriving when the company raised another $8m in January this year.

That round of funding was to pay running costs and fund expansion into European and Asian markets, so the press release carefully states that this round will be used to "fuel" the expansion, which we're obliged to assume is already well underway.

In common with most of the alternative mobile browsers, SkyFire processes content before delivery, proudly pointing out its ability to deliver Flash video to iOS devices, among other things. SkyFire used to give away its browser, but the cost of running the servers is considerable and in 2010 the company had to scale back operations considerably by shutting down some of those servers.

These days the mobile browser will cost you, and though the £3.17 is hardly bank-breaking, it has to compete with Opera Mobile – which provides comparable functionality for free. So what SkyFire really wants to do is make money selling the technology to network operators.

The idea is to get the operators to host (and pay for) the servers, providing a better user experience while reducing the cost of transmission. It's a compelling proposition, so compelling that a host of companies are already proposing it, and soon SkyFire will have to complete with them too. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Nadella: Apps must run on ALL WINDOWS – on PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
HP and Microsoft prove it again: Big Business Doesn't Create Jobs
SMEs get lip service - what they need is dinner at the Club
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.