Investment to expand Cooliris' reach in Japan and beyond
PALO ALTO, Calif., June 19, 2012 /PRNewswire-Asia/ -- Cooliris, leader in immersive digital media experiences, announced today that DOCOMO Capital Inc., the venture arm of NTT DOCOMO, INC., Japan's largest mobile communications operator, has invested an undisclosed amount in the company. This strategic investment will strengthen Cooliris' presence in the Japanese market and accelerate the global penetration of its mobile rich media applications.
"Consumers are keen to enjoy apps that enable a rich experience in their everyday mobile communications," said Eisuke Miki, President and CEO of DOCOMO Capital. "Cooliris is an innovative company that has profound expertise in visual communications. We are pleased to participate in the financing round as a new strategic investor."
With the upcoming launch of the new Cooliris app on mobile platforms, Cooliris will continue to further boost its position as a leader in visual rich media experiences.
"DOCOMO is an ideal strategic partner for us to expand our reach to Japanese customers," said Soujanya Bhumkar, Cooliris CEO. "With LiveShare in the market and the new Cooliris app coming soon, we hope to accelerate our success and bring more awesome media experiences to Asia and beyond."
Cooliris is the leader in immersive digital media experiences that increase user engagement and content discovery. Its current consumer product, LiveShare, is a freemium rich media communication service for mobile and web that combines the best of free messaging and photo sharing into one fast, beautiful app. Headquartered in Palo Alto, Cooliris is currently venture backed by Kleiner Perkins Caufield & Byers, DAG Ventures, The Westly Group, and T-Venture. For more information, visit www.cooliris.com.
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