Smith Micro Raises $4M

Aliso Viejo-based software developer Smith Micro Software announced this morning that it has raised $4M in funding, via a note and warrant financing. The funding came from Unterberg Koller Capital Fund L.P., plus William W. and Dieva L. Smith. William Smith is the current CEO and founder of Smith Micro Software. The company said the debt funding goes towards growth and to maximize opportunities from two recent acquisitions--Birdstep Technologies and iMobileMagic. Smith Micro is publicly traded on the NASDAQ as SMSI.