Egypt's TMG H1 profit jumps as sales hit record EGP 211bn    PM Madbouly reviews progress on electricity supply for New Delta agricultural development projects    Australia to recognise Palestinian state in September, New Zealand to decide    Trump orders homeless out of DC, deploys federal agents and prepares National Guard    Egypt, Côte d'Ivoire hold political talks, sign visa deal in Cairo    Egypt explores airport PPP with South Korea's Incheon Airport Corp    Egyptian pound stable vs. USD at Monday's close    Hisham Talaat Moustafa leads Egyptians in Forbes 2025 travel and tourism list    Egypt, Germany FMs discuss Gaza escalation, humanitarian crisis    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt, Huawei discuss expanding AI, digital healthcare collaboration    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt signs vaccine production agreement with UAE's Al Qalaa, China's Red Flag    Egypt to inaugurate Grand Egyptian Museum on 1 November    Oil rises on Wednesday    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Egypt, Malawi explore pharmaceutical cooperation, export opportunities    Egypt's Foreign Minister discusses Nile water security with Ugandan president    Egyptians vote in two-day Senate election with key list unopposed    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Foreign, housing ministers discuss Egypt's role in African development push    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NTT Docomo Backs Silicon Valley Photo-Sharing Startup
Published in Amwal Al Ghad on 19 - 06 - 2012

Japanese mobile phone operator NTT Docomo Inc's venture arm has taken a stake in Silicon Valley startup Cooliris, which recently sold one of its divisions to another Asian carrier, Singapore Telecommunications Ltd.
Palo Alto-based Cooliris makes photo sharing and discovery apps for both Apple Inc's iPhones and smartphones that run Google's Android system.
Docomo's investment is the second from an international telecommunications giant for Cooliris. Deutsche Telekom previously invested through its venture arm T-Venture.
Large telecommunications carriers have been keeping track of new ways to share data and messages after seeing a steady decline in traditional text message usage, primarily as consumers moved to mobile apps that allow users to send messages for free.
"Asian carriers are currently the frontrunners in recognizing this need," Cooliris Chief Executive Soujanya Bhumkar said. "To account for this evolution in mobile habits, telco carriers are increasingly partnering with companies like us to keep them moving forward."
Bhumkar declined to reveal the size of the investment but said the company was coming out with redesigned photo sharing apps soon.according to Reuters.
Representatives of Docomo, Japan's biggest mobile carrier, could not immediately be reached.
Cooliris has previously raised $28 million from big venture capital names such as Kleiner Perkins Caufield & Byers, DAG Ventures and The Westly Group.
Cooliris started as a service to view photo and video content on the Web in a more visually appealing "3D Wall," but branched out to start AdJitsu and a photo-sharing app called LiveShare.
SingTel, which provides tools to make three-dimensional animated ads in mobile apps, bought AdJitsu last month.
Docomo has also backed Silicon Valley-based Internet-based note-taking application developer Evernote.


Clic here to read the story from its source.