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RingCube Connects to $12M (Software startup lets people bring computer desktops with them)
Red Herring ^ | March 6, 2007 | Eydie Cubarrubia

Posted on 03/06/2007 1:21:54 PM PST by nickcarraway

RingCube Technologies has raised $12 million in a second round of funding, the company said Tuesday.

Mountain View, California-based RingCube would like to change computing habits by making computers truly portable with its MojoPac software. MojoPac allows users to transfer all applications from their main computer to any portable storage device, be it a digital music player or a flash memory stick.

MojoPac is just one of many options for people who want access to their computers without actually taking them along—from souped-up UBS devices to on-demand software that’s stored on the Internet. The company said it already has tens of thousands of users since launching the software in September 2006.

“We’ve seen phenomenal growth month to month,” RingCube CEO and founder Shan Appajodu said. Forty percent of users are outside the United States—mostly in Brazil and China—which supports RingCube’s plan to target emerging markets where users don’t have their own personal PC, he said.

The investment came from first round investors New Enterprise Associates and MDV-Mohr Davidow Ventures.

Users can plug the device containing their applications into any host computer running Microsoft Windows.

MojoPac has many rivals. U3 makes USB flash devices that come, or can be loaded, with special versions of more than 100 applications (see A Desktop In Your Pocket). Meanwhile, an increasing number of devices promise lightweight computing on the go—from OQO’s mini-laptop to Apple’s upcoming iPhone (see RH 100 N.A. Computing, It’s An Apple Life). What’s more, on-demand software makes it possible for users to store all their files online and access it from any computer (see Free OS For All, Hosted Services To Top $19B).

But Mr. Appajodu said his company offers more than these competitors. U3, for example, only works with special versions of applications.

As far as on-demand software, he said, “People would me more comfortable putting it in their pocket and not on the Web. They can also play games that they can’t put on the Web, and also use their software while offline.”

TOPICS: Business/Economy; Computers/Internet
KEYWORDS: moka5; ringcube; venturecapital; virtualization

1 posted on 03/06/2007 1:22:00 PM PST by nickcarraway
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To: ShadowAce; The Spirit Of Allegiance


2 posted on 03/06/2007 1:22:40 PM PST by nickcarraway
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To: nickcarraway

Do you have to carry the screen around with you? Pretty big pocket...

3 posted on 03/06/2007 5:01:35 PM PST by boris (The deadliest weapon of mass destruction in history is a leftist with a word processor.)
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To: nickcarraway

"MojoPac has many rivals."

Understatement of the nanoyear.

4 posted on 03/06/2007 6:07:40 PM PST by The Spirit Of Allegiance (Public Employees: Honor Your Oaths! Defend the Constitution from Enemies--Foreign and Domestic!)
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