Bluestreak Technology, a Montreal-based software developer for mobile phones and digital television has just received $20 million in funding led by France’s Iris Capital, and also includes internal investors Solidarity Fund QFL, BDC Venture Capital and First Capital Group along with new investor Tomorrow Group from Korea. The funding will help Bluestreak expand their MachBlue platform and allow for the company to establish deeper penetation into the European and Asian markets.
Alexander Wiedmer, partner at Iris Capital, stated, “We believe that Bluestreak’s unique technology is poised to capture a sizable market share in Europe as operators look to leverage content through rich media applications. Orange’s success with its Bluestreak powered applications in France has already validated this approach.”Â
In recent months Bluestreak Technology has created some partnershipws with Symbian and ACCESS.