Aliso Viejo-based Smith Micro Software announced today that it’s raised $4M in funding from Unterberg Koller Capital Fund L.P. in New York, along with William Smith, the company’s founder and chief executive.
The company said the funding will go toward growth, possible deals, and general corporate uses.
The funding comes on the heels of the company’s announcement on Sept. 1 that Smith Micro had regained compliance with the NASDAQ Stock Market’s minimum bid price requirement.
Smith Micro’s share price had languished under $1 for the better part of a year, prompting NASDAQ to issue a written notice on Sept. 15 informing the company that it hadn’t met listing standards.
Smith Micro recently acquired Sweden- based Birdstep Technologies and Portugal-based iMobileMagic. It purchased iMobileMagic for about $570,000. The Portuguese company develops consumer applications that monitor children, the elderly and others who require care. It acquired Birdstep Technologies, which provides software for wireless connectivity for $2 million.
