Bitfone Raises $21M C

Laguna Niguel-based Bitfone has raised a Series C round of funding in the amount of $21M. The round was lead by Prism Venture Partners, and included previous investors Nokia, Nexit, St. Paul Venture Capital, 3i Ventures, CIR Ventures, KTB Ventures, and Flextronics. Bitfone is developing technology for over-the-air update of cellular phone firmware. More information »