Accel, Sequoia, and Globespan Give Amobee Round 2 Funding

Posted Jan 8, 2007

Amobee Media Systems is a San Francisco, CA based company that is developing a new form of mobile advertising and has recently gained an unlisted amount of funding from Sequoia Capital, Accel Partners, and Globespan Capital Partners.

Amobee “has built and designed the first and only telco-grade ad-serving solution 100% dedicated to mobile operators, allowing them to ad-fund all non-voice related applications and services: WAP Browsing, Video & Music, SMS, MMS, and Games.” Amobee allows users to decide if they want to view non-voice advertising content or to pay for avoiding advertisements. Advertisements would be relevant to the content being viewed.

In a previous investment, Amobee raised $5 million from Sequoia and Accel. Amobee has offices in London, San Francisco, and has a research and development arm in Herzliya, Israel.