T-Venture, the VC arm of telecoms giant Deutsche Telekom, has invested in a US company which specializes in software to assist with Internet navigation.
The business, Cooliris, is based in Palo Alto, California, and raised a total of US$15m in a series B round, with other investors including Kleiner Perkins Caufield & Byers, DAG Ventures and The Westly Group.
Cooliris leading product is the Cooliris 3D Wall, which is a three dimensional navigation device designed to allow the user to take advantage of rich media content on the Internet.
“The Cooliris Wall truly revolutionizes the user experience to consume the overabundance of rich media on the Web and on the mobile platforms,” said Ralf Baumann, senior vice president, portal at Deutsche Telekom AG. “Very few products provide this kind of deep-rooted intuitiveness blended with an innovative business model which then drives revenues and make a world of a difference for global consumers.”
T-Venture invested through its Connected Life and Work Fund.