RingCube Technologies of Mountain View, California, announced today that it has obtained an additional $12 million in funding. The cash infusion comes from initial investor New Enterprise Associates, which had seeded the company with $4 million in capital already, as well as new entrant MDV-Mohr Davidow Ventures. MDV partner Jim Smith, a former system architect for Silicon Graphics, will join the RingCube board of directors.
RingCube's product is MojoPac, a solution designed to install on any portable USB 2.0 storage device (such as a music player, flash disk, or pocket hard drive) for use with virtually any Windows XP computer. Applications, data, and the complete user environment are stored on the mobile disk. When connected to a host PC, the MojoPac environment becomes the primary desktop, isolated from the host PC environment and allowing users to access all of their stored programs and applications as though they were working on their own personal computer. The technology is intended to give users on-the-go the ability to work in an environment that travels with them no matter which computer they sit down at, while at the same time protecting remote or public computers from being used to install applications or store data the owners do not intend to allow or retain.
RingCube licenses MojoPac on a per-user, per-portable-device basis, starting at $50 for a single user/device pairing and $25 per additional device. A full-function time-restricted demo is available.
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