The company was acquired by Samsung Electronics (KRX: 005930) for $170 million on June 24, 2016. The deal will support Samsung's growing lineup of mobile, Internet of Things (IoT) and cloud-based software and services. Previously, the company raised $15 million of Series F venture funding from Intel Capital, Orascom TMT Investments, El Dorado Ventures, EPIC Ventures, Liberty Global Ventures and other undisclosed investors on September 16, 2014, putting the pre-money valuation at $112.85 million.
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