DigiBee (DGB) Microsystems has secured strategic financing of $ 8.5 million from SIDBI Venture Capital Ltd. (SVCL), an India- based SME venture fund and Clearstone Venture - an early stage venture capital fund.
DGB is in the business of designing, building and launching mobile handset solutions.
Suresh Dholakia, CEO & president, DGB, said, "DGB is developing its own Mobile Platform Solutions (MPS), which includes its SOC and handset software framework for its 2G and 3G products. The MPS is indigenously designed and developed providing DGB with the vital strategic edge for customizing the end products for target markets.
The company will cater to business segments with product solutions, starting from entry-level basic mono GSM and CDMA phones to advanced 3G handsets that are localized and specifically customized for regional requirements. The various customizations include: content modification, user interface customization, language localization & several embedded applications for multiple regions.
"DGB's main focus is to understand the operator's handset requirements with a specific thrust on rural and new markets," said Vijay Balakrishnan, VP- marketing, DGB.
