Xamarin, a company that provides developer tools to hundreds of thousands of mobile app developers, has received $12 million in first-round funding, the company announced Tuesday. The financing comes from Charles River Ventures, Ignition Partners, and Floodgate, and will be used to expand the company’s software and build a sales and marketing team, according to a press release. The desire to build mobile apps can often be hindered by a lack of mobile developers, but Xamarin’s software makes it easier for traditional programmers to make the transition to mobile, according to an analyst quoted in Xamarin’s release. Read the full story at CNET.
Mobile developer platform gets $12 million boost in funding
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).