Urban Airship raises $15.1M


Portland mobile software developer Urban Airship raised $15.1 million in strategic investment from Verizon and Salesforce.com.

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Portland mobile software developer Urban Airship raised $15.1 million in strategic investment from Verizon and Salesforce.com.

Oregon startups are enjoying their best year for funding since the dot-com era, raising $110 million in investment through the first nine months of 2011. Clean tech attracted the bulk of the money, but smartphone apps, social media and open source software are also thriving. 

Employment is up, too, raising hopes for a sustained regional tech boom after a decade that generated no really large companies and very few paydays for those who did invest in Oregon tech. 

“I’m actually very bullish on Portland, and a big believer in Portland, said Puneet Agarwal, partner at True Ventures, a Bay Area firm that invested early in Urban Airship and another prominent Portland software company, Puppet Labs.

Read more at OregonLive.com.

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