Motorola Ventures, which is earmarking more than $100 million to back startups this year, has invested in
wireless directory assistance startup 422 Inc.
“422’s cutting-edge wireless directory technology of connecting consumers
seamlessly to the people and information that they want aligns with
Motorola’s vision,” Warren Holtsberg, a Motorola vice president who oversees its
investments, said in a statement.
The financing round, which also included previous investors Draper Fisher
Jurvetson and Draper Fisher Jurvetson Gotham Ventures, was 422’s third.
Neither Motorola’s contribution, nor the total raised by the four-year-old
company, was disclosed.
Consumers can enroll their wireless telephone number in 422’s directory
while maintaining control over their phone listing and what information is
available. The company does not reveal the number or other private information not
authorized by the user.
The service incorporates privacy controls by allowing people to determine
who can connect to them, when and how. In addition to access through the 422
access code, users can search, register and edit their listings at
www.422.info.
Motorola Venture’s most recent investment is part of a trend by
wireless players to increase their venture activities. NTT DoCoMo and Nokia
have also recently ramped up
investments.
By placing more bets, the companies have a better chance of owning a piece
of technology that can eventually be integrated into their products or
services.
