Tuesday, June 12, 2007

DVC Labs Gets $4.8M

San Jose-based DVC Labs, a company developing technology to improve web browsing on mobile devices, said today that it has raised $4.8M in a Series A round. The round was co-led by Trinity Ventures and Matrix Partners. DVC said the funding will go towards expanding its team, continue product development, and prepare for launch. Larry Orr of Trinity and Andrew Verhalen of Matrix have joined the firm's board as part of the funding, and the company has also added former Extreme Networks CEO Gordon Stitt to the board of directors. More information »