Macheen, a US-based cloud service provider for connected devices, has raised an undisclosed amount of strategic funding from chip maker Qualcomm.

In September, Macheen closed its $10m series C round from venture capital firms North Bridge Venture Partners and DFJ Mercury and GemVentures, which was set up in spring 2000 by the then technology company Gemplus, with an initial funding of $75m. Macheen previously raised $10m in its B round in June 2011.

Richard Schwartz, Macheen’s executive president, said: “Qualcomm’s participation enables Macheen to further grow our industry footprint by aligning upstream in the value chain. This can accelerate mainstream global adoption of connected devices and services.”

Steve Pazol, vice-president of business development at Qualcomm, added: “Macheen has what it takes to accelerate the market for sponsored content and new data subscription models for devices beyond the phone.”

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?