US$100mln investment fund set up to invest in Android OS based developersApril 22, 2011 - 16:41 AMT PanARMENIAN.Net - A US$100 million investment fund has been set up to invest in Android OS based developers. According to cellular-news, the "A-Fund" will be managed by DCM, an investor in early stage technology companies based in Silicon Valley, Beijing and Tokyo. Anchor investors include GREE, Japan's largest mobile gaming social network, and Japanese mobile network, KDDI Corp. Funding and support will also come from China's Tencent. "The rise of Android is a rare and massive opportunity - one that comes only once in a major tech cycle," said David Chao, co-founder and general partner, DCM. "The A-Fund will seek out the most promising companies enhancing and extending the rich open Android ecosystem - in mobile and beyond - including applications, services, and enabling technologies." Led by DCM partners in Silicon Valley, Tokyo and Beijing, the A-Fund is open to startups and developers from around the world, at any stage and size, whose products will shape the future of the Android ecosystem. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |