Web 2.0 News

Action Engine Raises $20 Million
Mobile applications developer Action Engine has raised $20 million in new round led by Baker Capital. Previous investors Northwest Venture Associates and The Spangler Group also participated in the round. The company develops mobile device software that allows media companies and mobile operators to provide music, video and other content on mobiles.

Source: http://www.techcrunch.com/2007/07/30/action-engine-raises-20-million/