US-based cloud computing company CiiNOW secured $13m in series A funding on Friday from telecommunications corporation Alcatel-Lucent, investment firm Foundation Capital and a third, undisclosed investor.
CiiNOW is the developer of a cloud computing platform that allows game publishers, retailers and carriers to charge for games using asset sales, rental or subscription-based models, across PCs, mobile and tablet devices.
Basil Alwan, president of Alcatel-Lucent’s IP division, said: "In a global communications industry impacted by a growing number of connected devices, consumers expect immediate and constant connectivity to personalized services and applications. The CiiNOW solution can provide service providers the opportunity to build infrastructure and retail offerings for next generation cloud services."
Ashmeet Sidana, general partner at Foundation Capital, added: "We have been particularly impressed with CiiNOW’s patented technology and believe the company’s next-generation platform facilitates the real-time cloud, and will change the way consumers interact with and purchase content across multiple devices."
Both Sidana and Alwan are also members of CiiNOW’s board of directors.