Canada's Bluestreak raises $20 million

MONTREAL - Bluestreak Technology, Inc., the developer of the MachBlue platform for mobile phones and digital television, announced today that it has secured US$20 million dollars in Series D financing. France’s Iris Capital, a new investor, led the round, which also includes internal investors Solidarity Fund QFL, BDC Venture Capital and First Capital Group along with new investor Tomorrow Group from Korea. Proceeds will be used to expand development of the company’s award-winning MachBlue™ platform and to further consolidate the company’s presence in the European and Asian markets. Over the past months, Bluestreak has signed numerous deals, including partnerships with...