Mi-Co to use funds to launch its pen-on-paper solutions
RESEARCH TRIANGLE PARK, N.C. (September 6, 2000) - Mi-Co - developer and marketer of pen-on-paper Mobile Internet solutions - today announced it has secured $1.5 million in Series A Round funding. This round comprises of investments primarily from angel investors and includes participation by Richmond, Va.-based Renaissance Ventures LLC.
"Our goal is to change the way people utilize the Mobile Internet, and this initial investment shows that others share in our vision," said Mi-Co President and Co-founder James Clary. "We will use these funds to further develop and introduce our solutions to the market."
Currently in beta testing and scheduled for release this Fall, Mi-Co's offerings - a combination of hardware, software and application services - allow users of personal digital assistants (PDAs), handheld computers and SmartPhones to capture pen-on-paper, handwritten information. Users can then transmit this information wirelessly - via standard email applications - to other PDAs, personal computers, faxes, or other enterprise-class applications.
"We've taken leading-edge technology and created an end-to-end solution for mobile messaging and note taking," added Daniel Leslie, vice president of sales for Mi-Co. "Our offerings provide a faster, easier and more personalized way to communicate through mobile devices than is available today."
With offices in Raleigh, N.C. and Research Triangle Park, N.C., Mi-Co offers easy-to-use pen-on-paper Mobile Internet solutions for data capture, storage and communication. Mi-Co's solutions use technology to make Mobile Internet devices easier to use for enterprise professionals, business users and consumers.
The company's founders - James Clary and Gregory Clary - formed Mi-Co by combining their experience in electronics, handwriting-capture technology, PDAs, handheld computers and SmartPhones. The company currently has 14 employees. For more information, visit