Mobilengine closes Series A fundraising round

Mobilengine said it has closed its Series A funding round.

The company earned over USD5 million in its first foray into the venture-funding market, achieving 50 percent revenue growth year-over-year.

Now with capital funds and backed by investors, Mobilengine said it is poised to dominate the MADP market in construction, telecommunications, equipment rental, manufacturing, logistics, retail, healthcare and many more sectors.

Mobilengine offers a rapid mobile application development platform that is cost-effective, scalable and reliable, via web services and open APIs. With offices in London and Budapest and headquartered in Boston, Mobilengine has been providing large enterprises around the world with cutting-edge cloud-based MADP solutions.