Cambridge, Mass. – Modo Labs, a Cambridge-based provider of open-source content delivery technology for mobile platforms and devices, announced on Tuesday it has raised $4 million in a venture capital deal with Storm Ventures and New Magellan Ventures.
Modo said it will use the new funds to accelerate market adoption for its products.
Around 150 enterprises and universities are currently using Kurogo, which helps developers at educational institutions and enterprises to build advanced mobile websites and native applications.
Modo was founded in 2007 by a group of colleagues from MIT.
This article was also published in New England Tech Wire.
Related link:
