Bubble Motion Secures Funds

Bubble Motion, which specialises in next-generation voice messaging, has secured $6 million (3.65 million) in funding from new investor Palomar Ventures and existing investors Sequoia Capital and Comcast Interactive Capital. As part of the new investment, Al Snyder, CEO at Aepona, and Amanda Reed of Palomar Ventures, have joined the companys Board of Directors. The company says that both announcements will support aggressive expansion of its product portfolio and its international subscriber footprint.
We have been fortunate to see phenomenal viral traffic growth with our portfolio of messaging services, says Bubble Motion President and CEO, Tom Clayton. And that traffic growth over the past year led to a tremendous amount of investor interest. We were very pleased to have this round be oversubscribed, with our existing investors fully participating. Even though we already had a strong balance sheet, we felt that it made sense to have some additional capital for strategic acquisitions and R&D investments to accelerate our growth.
Snyder brings 30 years of expertise in telecommunications and IT to the Bubble Motion Board. As CEO of Aepona, he has strengthened the companys North American and European presence. Prior to joining Aepona, he was the CEO of Carrier Access and the COO of Openwave. He has also held executive positions at Oracle and Digital Equipment Corporation.
Reed brings a wealth of experience with high-growth companies to the Bubble Motion Board.  Prior to joining Palomar in 2001, she was a founding member or early employee for four start-up ventures. Her previous roles include SVP of Strategy and Development for LogicTier, an Internet operations services provider, and Connect, an early pioneer in Internet-based e-commerce software and services.