Moxtra gets $10 mn funding, releases version 2.0 app

NEW DELHI, INDIA: Mobile content collaboration gains a new dimension as Moxtra announces that the company has completed its first round of funding, raising $10 million.

The external investors leading this round of funding were Cisco and KDDI from Japan. Additional outside investors include China's Innovation Works and the personal investment arm of Starwood Capital's Barry Sternlicht. Moxtra's round of funding will be used to accelerate the company's platform development and expand its marketing efforts.

"Moxtra's vision is to enable a continuous content collaboration experience for the mobile lifestyle. Today's mobile users juggle multiple fragmented content Scentric communications," said Subrah S. Iyar, co-founder and CEO of Moxtra.

"Moxtra V2.0 delivers a rich conversation experience to users by creating continuity and context across content, through powerful interaction capabilities. The commitment from our investors will enable Moxtra to deliver and expand on this promise."

Moxtra also announced that version 2.0 release is now available on the app store. Some of the features includes: Chat, timeline, real-time updates, text & voice bubbles and desktop sharing.

Moxtra 2.0 is now available for free from the App Store for iPad and iPhone. It is also available in beta for Android from the Google Play Store.