4INFO Mobile Search lands $8M in Funding

Source Title:
Mobile Search Firm Finds Funds
Story Text:

Mobile Search firm 4INFO have secured $8M in funding from VC firm Draper Fisher Jurvetson

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.

Mobile Search Hot Now
The mobile search scene has been gaining momentum over the last few months with FAST Search and Transfer launching their mSearch solution, O'Reilly declaring 2005 the year of mobile search, Google Mobile launching, Yahoo Mobile kicking off last year and numerous smaller and less noticeable (yet) outfits out there waiting in the wings. This latest injection of cash into a startup with a dodgy name but some neat looking technology will likely only the the tip of the iceberg.

"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."

Good luck to them, full press release here.