March 21, 2005 09:00 AM US Eastern Timezone
Leading Mobile Search Service 4INFO Secures $8.0 Million in
Funding;
Investment Led by U.S. Venture Partners with Participation
from Draper
Fisher Jurvetson
SAN MATEO, Calif.--(BUSINESS WIRE)--March 21, 2005--4INFO
Inc., the
leading mobile search service, announced today that it has
completed an
$8.0 million round of equity funding led by U.S. Venture
Partners with
participation by Draper Fisher Jurvetson. Tim Connors,
general partner
of U.S. Venture Partners, has joined 4INFO's board of directors.
4INFO will use the investment to accelerate the company's
growth,
enhance product development and expand sales and marketing
efforts. The
company's mobile search service allows consumers to find
information --
local directory, movie times, sports scores, stock quotes,
weather,
flight information and more -- for free and quickly using
their mobile
phones. The service works with all major wireless carriers,
including
Verizon, Cingular and SprintPCS.
"Having the endorsement of U.S. Venture Partners and Draper
Fisher
Jurvetson is a strong validation of 4INFO's mobile search
business,"
said Pankaj Shah, founder and CEO of 4INFO Inc. "4INFO will
continue to
lead the market by launching new services and providing the
fastest,
most accurate results."
"I tried the service once and immediately couldn't live
without it. It
is simple and compelling. I look forward to helping the team
at 4INFO
continue to build a great business around this fabulous
product," said
Connors, general partner of U.S. Venture Partners.
"The mobile market continues to expand rapidly and the
demand for
information `on the go' is exploding," said Andreas
Stavropoulos,
managing director of Draper Fisher Jurvetson. "4INFO has an
impressive
search service that delivers on the promise of fast and
accurate results
to mobile phones everywhere."
4INFO offers something for every mobile user. The nation's
most complete
and comprehensive database of stores and businesses in every
neighborhood is just a text message away. For example, a
user can send
"starbucks palo alto" to 44636 and the service will return
the addresses
and phone numbers for all of the locations in the city.
Other sample
queries include "movies 94303" for local show times or
"weather nyc" for
a free 5-day weather forecast.
4INFO's mobile search utilizes sophisticated and patented
technology to
deliver the most relevant results. The search engine
leverages natural
language processing and features user-specific intelligence.
There are
millions of words in the lexicon and no syntax is required.
About 4INFO Inc.
4INFO Inc. (www.4Info.net <http://www.4info.net>), a leading
mobile
search service, allows users to quickly, easily and
affordably find
relevant information on their mobile devices. 4INFO provides
local
directory and real-time information services, including
sports scores,
weather, flight information, movie times and stock quotes.
4INFO is
headquartered in Palo Alto, Calif.
About U.S. Venture Partners
U.S. Venture Partners (USVP) invests in a broad range of
early-stage
information technology companies, including those involved
in wireless,
IT infrastructure, semiconductors, and enterprise and technical
software. Representative USVP public companies are: Sun
Microsystems,
SanDisk, AMCC, Verity, CheckPoint, MMC Networks, 3Dfx,
Leadis, Nuance
Communications, Centillium, Crescendo Communications
(Cisco), Elantec
(Intersil), StrataCom (Cisco), Xylan, Blue Coat Systems and
Concur.
About Draper Fisher Jurvetson
Draper Fisher Jurvetson is the leader in seed stage and
early stage
venture capital. Since 1985, Draper Fisher Jurvetson has
created a
global network of affiliated venture funds with over $3
billion in
capital commitments and offices in the major technology
centers around
the world. DFJ has proven expertise in identifying and helping
extraordinary entrepreneurs who want to change the world.
Contacts for 4INFO
Dena Cook, 310-566-2283
dena.cook@zenogroup.com <mailto:dena.cook@zenogroup.com>
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