United Mobile Apps Secures $1 Million Series A Funding fromMumbaiAngels
Bangalore based mobile startup United Mobile Apps, TechSparks 2011 winner, secured $1 Million Series A funding from Mumbai Angels. United Mobile Apps, is a mobile / broadband / wireless technology company that focuses on connection management, device management and data synchronization software with products like UConnect, UManage, and USync.
The funds shall be primarily used for engineering expansion, sales & marketing. With a current team size of 15, United Mobile Apps plans to double the team size by Q4 2012. Sriram V Iyer, co-founder said, “This investment should help us expand to APAC, EU, US. Based on our expansion plans, this money should last us up to 18 months. In case LTE gets delayed, we may go for another round of funding then.”
Speaking about why they chose to invest, Anil Joshi of Mumbai Angels said, “LTE is future technology, and there are very few players who understand this space globally. UMA team has piloted their technology with a couple of large players, and the proof of concept has been established.”
Speaking about the investors, Sriram said, “Mumbai Angels have been incredibly supportive throughout the process, and are one of the few groups that were ready to invest in a technology product startup like ours. The Angels have good network and we are sure they’ll help us reach our potential customers, apart from the much needed capital, of course!”
By Q4 2012, United Mobile Apps plans to bring 1-2 semiconductor partners and 6 ODM partners onboard, and bundle UConnect with some of the key device manufacturers and also with Laptops, Ultrabooks and Tablets. Arun Samudrala, Co-founder added, “We’ll expand UConnect platform to be the default connectivity platform for devices with various form-factors. The key would also be to include major Value Added Services built into UConnect platform. We look at the UConnect platform to be the core platform to provide connectivity and managed data services.”
Smith Micro Systems and Option are some of their close competitors. United Mobile Apps differentiates by making the platform generic, programmable and with built-in support for Value Added Services.
As an Indian technology product startup aiming at capturing global market, Sriram feels some of the challenges ahead could be in establishing key partnerships, marketing and sales channels in APAC , EU and US regions.