Date: Jul 22, 2014 Source: bizjournals (
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DroidCloud Inc. has reported raising $500,000 of a planned $7.2 million financing.
The Austin-based company collected the capital from a lone investor, according to a Tuesday filing with the U.S. Securities and Exchange Commission.
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DroidCloud, which launched in 2011, is operating in stealth mode. The startup develops a secure mobile platform designed to support "unmodified mobile apps" for various operating systems, its website indicates.
CEO Justin Marston was previously the founder and CEO of BlueSpace Software Corp., which dealt with secure virtualization in the defense sector. Co-founder and Chief Technology Officer Brian Vetter was previously been CTO at BlueSpace, and CTO of Motive Inc., an Austin-based automation software maker bought in 2008 by Paris-based Alcatel-Lucent SA (NYSE: ALU) for $67.8 million., according to their online profiles.
