CloudMosa Raised $16.5M in Series A Round
November 26, 2014. GIC, Singapore’s sovereign wealth fund, invested in CloudMosa’s Series A round as the lead investor. As of its final closing on March 24, 2015, a total of $21.625M was raised with $16.5M in new capital and $5.125M in note conversion.
CloudMosa is the creator of the “wicked fast” Puffin Web Browser. The key technology behind the Puffin Web Browser is its “cloud acceleration” – offloading CPU intensive and data demanding parts of web page rendering to high performance cloud servers while displaying full web page content through the client app on much less powerful mobile devices. In addition to its superior speed, Puffin Browser has numerous bonus features including Adobe Flash support, mobile data compression and Internet access security. CloudMosa owns more than 6,000 dedicated servers in three data centers in US with plans to expand its data centers globally with the help of this Series A.
CloudMosa’s oversubscribed Series A round includes such prominent institutional investors as Inventec, Morningside, Lenovo, Foxconn and WSGR. The individual investors include Dr. Leonard Kleinrock, Jason Pong, Ming-To Yu, CloudMosa’s founder, executives and engineers.
Founded in 2009 by an early Google engineer, CloudMosa is an international development company focused on Cloud Computing for Mobile Internet. Its flagship mobile application, the Puffin Web Browser, is best known for its superb Adobe Flash support on iOS and Android platforms. Puffin is well received globally and awarded iTune’s “Best of 2014” in over 120 countries. The agile company of 20 continues Puffin’s global organic growth, surpassing 30M installs worldwide, using talent from Silicon Valley and Taipei.
GIC is a leading global investment firm with well over US$100 billion in assets under management. Established in 1981, the firm manages Singapore’s foreign reserves and is uniquely positioned for long- term and flexible investments across a wide range of asset classes, including real estate, private equity, equities and fixed income. GIC has investments in over 40 countries and has been investing in emerging markets for more than two decades. Headquartered in Singapore, GIC employs over 1,200 people across 10 offices in key financial cities worldwide.
Inventec Corporation is a leading global provider of innovative technology solutions and manufacturing services for servers, laptops, smartphones, tablets and internet of things (IoTs). Founded in 1975 and publicly listed at the Taiwan Stock Exchange (TWSE: 2356.TW) in 1996, Inventec takes on the toughest challenges at every stage from design engineering and development, manufacturing, to packaging and fulfillment to serve the world's best brands.
Morningside is a diversified investment group active in venture capital and private equity investments. Founded in 1986, the group's investments are spread across North America, Asia and Europe.
Lenovo (HKSE: 992) (ADR: LNVGY) is a $46 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps.