Siemens Mobile Acceleration (SMAC) has announced the expansion of its U.S. portfolio by investing in PhoneBites. The funding in the first round of institutional financing amounts to $3 million in total and is provided by Siemens Mobile Acceleration, Cardinal Venture Capital, and Garage Technology Ventures. PhoneBites is a San Francisco-based mobile entertainment and technology company whose core product, the RAZZ, lets subscribers interject sound bites into live telephone conversations, outgoing messages, voicemails and photo messages.
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