Modo Labs Closes $4M Venture Capital Investment to Accelerate Adoption of its Mobile Solutions by Universities and Enterprises

Modo Labs’ Mobile Solutions are Based on Kurogo, an Open Source Software Platform that Serves as an Efficient, User-Friendly Mobile-Optimized Middleware™

CAMBRIDGE, Mass.--()--Modo Labs, a leading provider of open source content delivery solutions for mobile platforms and devices, today announced the company has closed a $4M investment from Storm Ventures and New Magellan Ventures. Modo Labs will use the new funds to accelerate market adoption for its mobile solutions, which are based on its open source Kurogo mobile platform.

Around 150 enterprises and universities are using Kurogo – an open-source mobile development platform that empowers developers at educational institutions and enterprises to build advanced mobile websites and native applications. Universities using Kurogo include: Algonquin College (Canada), Boston College, Brown University, Georgia State University, Harvard University, Middlebury College, Rochester Institute of Technology, St. Edward’s University, Union College, University of Central Florida, University of North Carolina Chapel Hill, University of Sunderland (UK), University of Vermont and more.

“We are impressed with Modo Labs’s traction with top tier customers and very strong customer references, and with Kurogo satisfying the customers’ desire for an open source middleware optimized for mobile,” said Tae Hea Nahm, founding managing director of Storm Ventures. “This investment complements our other mobile investments, such as Appcelerator, AireSpace (acquired by Cisco), Berkana Wireless (acquired by Qualcomm), Cellfire, Com2us (KOSDAQ IPO), MobileIron and Splashtop.”

“Modo Labs is grateful for the adoption and support of our open source Kurogo Framework by the leading universities and enterprise customers around the world,” said Andrew Yu, chief executive officer of Modo Labs. “What started as a project to provide information to mobile device users at MIT back in 2007 has now grown into a robust open source platform that provides mobile solutions to higher education and corporations worldwide. With the new venture funding, we can now accelerate our innovations in both our core Kurogo Framework and in integrated solutions for universities and enterprise.”

About Kurogo

Kurogo is Modo Labs’ open source platform for developing content-rich mobile websites and native apps. Derived from the highly regarded MIT Mobile Framework, Kurogo serves as Mobile-Optimized Middleware™, aggregating content from a broad range of back-end sources and optimizing it for delivery to any mobile device. Kurogo is offered under the MIT open source license and is available for download, free of charge, at http://kurogo.org. Institutions wishing training or support can contact info@modolabs.com and join the Kurogo Google group at http://groups.google.com/group/kurogo-dev. Additional Kurogo resources can be found at https://github.com/modolabs/. Kurogo's documentation is located at http://kurogo.org/docs/

About Modo Labs

Modo Labs, Inc. is a leading provider of content delivery solutions for mobile platforms and devices. Founded by a group of colleagues from MIT, Modo Labs has assembled a team of experts in mobile design, development and user experience. The company’s core offering, the Kurogo Framework, is an open source development foundation designed for clean integration, exceptional platform-specific user experience and a high degree of customizability. Additional information about Modo Labs is available at http://www.modolabs.com.

© 2011 Modo Labs, the Modo Labs logo, Kurogo, and Mobile-Optimized Middleware are trademarks of Modo Labs, Inc. and may be registered in certain jurisdictions. All other brand names are trademarks of their respective partners.

Contacts

Schwartz MSL
Joe Palladino, (781) 684-0770
modolabs@schwartzmsl.com

Release Summary

Modo Labs Closes $4M Series A Venture Capital Investment Round to Accelerate Momentum for Mobile Solutions at Universities and Enterprises. Funding Follows Adoption for Open Source Kurogo Platform.

Sharing

Contacts

Schwartz MSL
Joe Palladino, (781) 684-0770
modolabs@schwartzmsl.com