RingCube raises $12 million in Series B funding

Quoting from the RingCube official announcement:

RingCube Technologies, Inc., the creator of truly portable personal computing solutions, announced today that it has secured $12 million in Series B funding. The funding comes from MDV-Mohr Davidow Ventures and first-round investors New Enterprise Associates (NEA), bringing total investment in the company to $16 million.

RingCube will use the capital to expand its leadership in consumer and enterprise markets worldwide, including North and South America, Europe, Asia, and the BRIC nations. The company’s revolutionary operating systems virtualization software platform, MojoPac, gives users around the globe a truly mobile workplace in the palm of their hands. The MojoPac software platform is experiencing strong market adoption across consumer and enterprise channels. MojoPac has tens of thousands of users since launch in September 2006, while the MojoPac Enterprise Solution is seeing strong growth across legal, insurance, healthcare and home-based sales business verticals.

RingCube has also announced that investor MDV’s Jim Smith will be joining its board of directors. Jim leads investments in software and systems companies, and is active in extending MDV’s relationships with leading universities and research centers…