Microsoft saddles up for a ride on Sky Giraffe
Redmond's venture capital arm writes its first cheque
Microsoft Ventures, Redmond's entry to the wonderful world of high-risk technology investing, has written its first cheque.
The recipient of Redmond's largesse is Israeli outfit Sky Giraffe, which says it provides “a platform to securely extend on-premise enterprise systems directly to mobile devices.”
Microsoft’s description offers a little more detail about the company, saying Sky Giraffe offers “a SaaS platform that helps businesses deploy enterprise-grade mobile applications on any device immediately and without the need for writing code.”
Mobile devices can access software that gets the Sky Giraffe treatment through native apps that run on iOS, Android and Windows.
Microsoft is dead chuffed about the deal, because it looks like Sky Giraffe has grazed just about all of Redmond's startup incubation fodder. Graduating the the moment at which it can cash a cheque is being hailed as an important moment for Redmond's investment efforts.
Details of just how many zeroes are on the cheque, or what precedes them, have not been released. ®
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