Phunware Gets $26.25M For Mobile App Platform

Phunware, a developer of mobile advertising, application, analytics, and other tools for brands which has operations in both Newport Beach and San Diego, said this week that it has raised $26.25M in a Series E funding. The funding was led by the Firsthand Technology Value Fund, and also included Fraser McCombs Ventures, Maxima Ventures, Wild Basin Investment and the Central Texas Angel Network (CTAN), as well as new strategic investors Cisco and WWE. The company is headquartered in Austin. Phunware says it expects to close out the round at $30M in the next sixty days. More information »