Macheen Lands $10 Million in Financing

Macheen Inc.. a provider of cloud-based services and broadband connectivity, has closed on $10 million in funding.
The Austin-based company reports its existing investors including GemVentures, North Bridge Venture Capital and DFJ Mercury participated in the latest funding round.
“Also among Macheen’s investment group are prominent angels and industry figures Tom Meredith, Mike Maples Sr. and Yechiam Yemini,” the company disclosed in a news release.
In addition,Philippe VallĂ© with GemVentures will join the company’s board.
Macheen, founded in 2010, provides broadband connectivity to mobile device makers like Lenovo and its Thinkpad laptops. The company provides the Internet connectivity ready as a service which ships with the device. So when the customer gets the mobile device they have immediate access to the Internet.

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