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MEDIALETS? BIG BET ON THE IPHONE PAYS OFF WITH A $4 MILLION ROUND
May 12th, 2009 by admin

medialets-logoWhen Medialets was supported in June of terminal year, CEO Eric Litman and his aggroup definite to verify a risk. They look bounteous that Apple’s iPhone papers would explode. It did — and it’s condemned Medialets along with it. Today, the ambulatory analytics and business consort announces its program A ammo of funding.

It was meet a period between the origination of the consort and the move of the App Store on July 11 of terminal year. But Medialets was there from period one. And thanks to that primeval start, the company’s offerings crapper today be institute installed on nearly half of the iPhones and iPod touches discover there in circulation. And their clients allow whatever of the crowning downloaded apps. But the consort understandably hopes the iPhone is meet the beginning.

With its newborn $4 meg ammo led by Foundry Group, and participated in by DFJ Gotham and primeval Google investor Bobby Yazdani, the consort is intellection expansion. It already has been on the Android papers as substantially since terminal September. But patch that papers has thusly farther unsuccessful to combust a newborn mart the artefact the iPhone has, indications seem to saucer to 2009 existence a beatific assemblage for the papers with whatever more Android devices coming. The aggroup has already secured over 1,000 developer partnerships between the iPhone and Android platforms.

More importantly, Medialets is also hunting to hold BlackBerry, Windows Mobile, Symbian and Palm Pre in 2009. That would apparently place them on essentially every field ambulatory platform.

Medialets has a rattling pleasant hunting substance it cost of its business papers (screenshot below), and Medialytics, its analytics offering, has evidenced me with whatever solidified ambulatory accumulation over the time some months (all nameless of course). One pleasant abstract most Medialytics, is that it crapper impact whether a individual is online or offline — something which is ofttimes the housing with the WiFi-only iPod touch.

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Information provided by CrunchBase

Crunch Network: CrunchBase the liberated database of profession companies, people, and investors


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