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Tuesday, 19 June 2012 - NTT Docomo backs Silicon Valley photo-sharing startup |
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See the best of Reuters photography.  See more  The Afghan front On the frontlines of the war in Afghhanistan.  Slideshow  The Presidential diet President Obama eating things.  Slideshow  NTT Docomo backs Silicon Valley photo-sharing startup Tweet Share this Email Print Related News "Brutal" Chinese market pushes startups to U.S. Fri, Jun 15 2012 More Cubans have local intranet, mobile phones Thu, Jun 14 2012 Venture firm Kleiner moves to dismiss discrimination suit Thu, Jun 14 2012 Verizon hikes data fees in pricing revamp Tue, Jun 12 2012 Apple takes on Google with own maps, better Siri Tue, Jun 12 2012 Analysis & Opinion Editor’s choice Nokia retains the power to shock Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » Japan » By Poornima Gupta SAN FRANCISCO | Mon Jun 18, 2012 12:59pm EDT SAN FRANCISCO (Reuters) - Japanese mobile phone operator NTT Docomo Inc's venture arm has taken a stake in Silicon Valley startup Cooliris, which recently sold one of its divisions to another Asian carrier, Singapore Telecommunications Ltd. Palo Alto-based Cooliris makes photo sharing and discovery apps for both Apple Inc's iPhones and smartphones that run Google's Android system. Docomo's investment is the second from an international telecommunications giant for Cooliris. Deutsche Telekom previously invested through its venture arm T-Venture. Large telecommunications carriers have been keeping track of new ways to share data and messages after seeing a steady decline in traditional text message usage, primarily as consumers moved to mobile apps that allow users to send messages for free. "Asian carriers are currently the frontrunners in recognizing this need," Cooliris Chief Executive Soujanya Bhumkar said. "To account for this evolution in mobile habits, telco carriers are increasingly partnering with companies like us to keep them moving forward." Bhumkar declined to reveal the size of the investment but said the company was coming out with redesigned photo sharing apps soon. Representatives of Docomo, Japan's biggest mobile carrier, could not immediately be reached. Cooliris has previously raised $28 million from big venture capital names such as Kleiner Perkins Caufield & Byers, DAG Ventures and The Westly Group. Cooliris started as a service to view photo and video content on the Web in a more visually appealing "3D Wall," but branched out to start AdJitsu and a photo-sharing app called LiveShare. SingTel, which provides tools to make three-dimensional animated ads in mobile apps, bought AdJitsu last month. Docomo has also backed Silicon Valley-based Internet-based note-taking application developer Evernote. (Reporting By Poornima Gupta; Editing by Tim Dobbyn) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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