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 | Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora To buy real estate, Diasporans can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia. Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. |