IMImobile Raises $13m

IMImobile, which provides converged mobile and online value-added services for mobile operators, media companies and enterprises, has raised $13 million (7.8 million) of funding. The financing round was led by Sequoia Capital and existing investor First Mark Capital. Spark Ventures plc is a founding partner of IMImobile and the largest institutional shareholder, having provided the seed capital for the company.
The new financing will enable us to develop our cloud infrastructure for Tier 1 telecom operators and allow us to expand our customer base and account penetration through acquisitions, says IMImobile Founder and CEO, Vishwanath Alluri. Sequoia Capitals global experience and strong local expertise will be a key differentiator as we look to launch into our next phase of growth
Alluri adds that  IMImobiles DaVinci technology platform, managed services business model, third party content and application aggregation capabilities, and operational model with 24/7 tech support, have a proven track record of delivering measurable value to the companys operator customers.
In an illustration of the strength of the proposition, MTN recently announced a strategic partnership with IMImobile to deploy its DaVinci Service Delivery Platform on a managed services model to offer compelling services to 103 million subscribers across 21 countries in Middle East and Africa.
IMImobiles services are currently accessible to 500 million subscribers of over 40 operator customers in 66 countries. These services are powered by 450 high-end servers hosted in data centres in London, Miami, Dubai, Mumbai and Hyderabad, and centrally monitored and managed from the companys VNOC (Video Network Operations Centre) in Hyderabad.