Phunware snags $22M to continue global growth initiatives

Kelly O'Halloran
November 2, 2016
Amidst another record breaking year for Phunware, the mobile app developer announced today it has raised a $22 million round of financing led by Malaysia-based Khazanah Nasional Berhad.
The recent capital is the second close of a Series F that now totals $40 million, with the final tranche of the series slated to close later this quarter. Wavemaker Partners and PLDT Capital, the investment arm of Philippine Long Distance Telephone Company, also participated in the round, in addition to previous investors. The Austin-born company has raised $90 million to date. 
"Since our inception in 2009, Phunware has been uniquely leading the way in mobile innovation," said Alan S. Knitowski, chairman, CEO and co-founder of Phunware, in a statement. "We are the only mobile, native and fully-integrated-first multiscreen cloud platform in the world, and our MaaS platform products and solutions currently power more than 40 billion mobile user events every month and more than 1 trillion transactions annually. This funding will help turn every one of our global application touch points into an opportunity to reach, engage with and convert users on a 1:1 basis, and will further our vision of having every device in the Internet of Things touch the Phunware platform by 2020."
This year, Phunware has expanded drastically with the July rollout of Phunware Data, a subscription service that corrals data from over 650 million monthly app users to make better sense of user engagement. The data platform joins Phunware’s preexisting solutions that support mobile advertising, marketing automation, content management, analytics and more for brands across the world. 
Phunware, recognized by Fortune four consecutive years in a row as one of America's Fastest-Growing Private Companies, is currently hiring for roles in engineering, advertising, marketing, program management and sales.
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