“This latest round of funding demonstrates investors confidence in our management team, strategy and roadmap. The new investment will help HelloSoft accelerate its development of CelluLANTM for the burgeoning mobile multi-mode handset market. With its experienced team and a innovative technology portfolio, HelloSoft will continue focusing on the world’s most advanced low-cost and low-power solutions,” said Krishna Yarlagadda, CEO of HelloSoft.
“The convergence of Cellular, VoIP, and Wi-Fi technologies is inevitable and happening at a rate faster than expected. HelloSofts deep domain experience and expertise in each of these technologies makes the company uniquely positioned to take advantage of this opportunity. HelloSofts visionary solutions will enable cost-efficient mass deployment of multi-mode mobile communications devices for the converged marketplace,” said Jim Goldinger, Director and Investment Partner of TD Capital Ventures.