Motorola (NYSE: MOT test) Ventures, the troupe’s VC branch, is leading a new round of investiture in TuneWiki, the company behind the popular sociable media music player. In addition, four other VCs participated in the daily round, including Intellect Das Kapital Ventures (TeliaSonera’s VC troupe), HillsVen Capital, Novel TMT and Benchmark Israel.
TuneWiki volition manipulation the new money to expand and enhance its product offerings. The idea is to yield further reward of chopine capabilities and new features found in latest smartphones, including stronger CPUs, larger displays and high-resolution screens. In addition, the company volition continue to focusing on the manipulation of strain lyrics “in new and exciting shipway” that connect medicine fans around the worldly concern with new products, including an upcoming mobile biz.
Commenting on the investment in TuneWiki, Motorola Ventures’ Reese Schroeder said: “Music is rapidly emerging as a key lineament for smartphones, and TuneWiki is changing the experience of hearing to music from a hermit experience to a sociable one. We believe that TuneWiki has developed an innovative interactive sociable media player that tin dramatically change the way people volition listen to and interact with music.”
In other words, we could expect to see TuneWiki being integrated in the future tense versions of MOTOBLUR UI, or at least me thinks/hopes so.