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November 11, 2012

$ 5 Million of Equity Financing for Aegis Mobility

Filed under: Venture Capital News — admin @ 3:31 pm

Aegis, with the most complete distracted driving market solution portfolio, has more than $ 12 million invested until the present moment.

Aegis Mobility announced recently that it closed the most recent round of equity funding of $ 5 million. Chicago Angel Groups and West Michigan led the financing.

Mr. John Ulczycki, the Vice President of the National Safety Council declared that they are very proud and pleased to partner with Aegis in order to produce products that allow companies to reduce risks and dangers of cell phone using while driving.

It is well known and established that employers try to reduce the injuries and risks of using the cell phone by their employees while driving a vehicle. So, in order to be connected, it is almost impossible for an employee not to use a cell phone either for conversation, text or email while driving. A survey showed that a half of the employees admitted to texting, browsing or emailing when they drive, this increasing the risks of car crashes and associated accidents.

Aegis Mobility tries to help corporations concerned with these situations and built a context-based service architecture in order to allow wireless carriers to offer value-added services not only to the company’s clients, but also to individual clients.

Aegis is an important software provider for mobile phones in order to prevent drivers to be distracted while driving. The company has 5 issued patents and 11 more pending and it is the largest and deepest in the industry.

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