READING, England — Cross Atlantic Capital Partners, investing into Tao Group for the second time, has led new funding of more than USD 7million. Tao, the developer of the Intent multimedia platform for mobile and other digital devices, has now raised USD 37million since August 2001 and around USD 45million since its formation in 1992.
The additional funding coincides with a number of recent license wins with global OEMs, ODMs (original design manufacturers] and MNOs (mobile network operators).
Further to the investment, Rajeev Surati joins Tao's Group board as a non-executive director. With a Ph.D from MIT, Surati co-founded Flash Communication, later sold to Microsoft and is now chairman of photo.net and involved with several technology investment organisations.
Francis Charig, Tao's chairman, said, With the additional funding led by Cross Atlantic we will be able to pursue a much more aggressive go-to-market programme in Europe, Asia and North America."
Intent is independent of operating system, chipset and programming language intent, delivers consistent application behaviour on any intent-enabled device. It is an open and scalable platform that allows rich multimedia content to run on mobile phones and consumer electronics devices, such as PVRs and digital cameras
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