@ CTIA: UIEvolution Restarts With $5 Million In First Round Of Funding

Bellevue-based UIEvolution, which develops a mobile content platform, said today it raised a first round of funding with Intel (NSDQ: INTC) Capital leading the round, with Japan’s Itochu and UIE founder Satoshi Nakajima also participating. The round in essence restarts the eight-year-old company as an independent entity, having previously been a division of Japan-based Square Enix, after it purchased UIEvolution for $58 million in 2004. The round raised was for a total of $5 million, reports The Seattle Times. The money will go towards building its presence in the U.S. and Japan. Also with the funding, the company will expand into markets beyond mobile and the PC to IPTV and automobiles. Release.

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