Qik Raises $5.5 Million From Quest and CampVentures
Qik is a live video recording service that work with Amoi, AT&T, BlackBerry, DoCoMo, Dopod, HTC, iMate, Motorola, Nokia, O2, Orange, Palm, Qtek, Samsung, Softbank, Sony Ericsson, Sprint, Swisscom, T-Mobile, Verizon, and Vodafone mobile phones. Now that the Apple iPhone has video recording capabilities, it would not be a surprise if Qik designs an iPhone application. Qik has recently raised $5.5 million in funding from Quest Venture Partners and CampVentures.
As a result of the funding Marcus Ogawa of Quest joined the Qik board of directors and Justin Camp of CampVentures became a board observer. The company raised about $9.5 million in total funding so far. Other investors include Marc Benioff, Arjun Gupta, George Garrick, Marc Andreessen, and Ben Horowitz. Qik is based in Redwood City, California and has about 38 employees.
“We as a society continue to ravenously consume engagement media. I feel strongly that mobile video is on the cusp of exploding into the mainstream. I believe Qik, with its support for many different mobile platforms and engagement options, is poised to lead this charge,” stated Marcus Ogawa of Quest.
[via VentureBeat]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry