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Gumiyo Raises Funds, Adds to Board

11/2/07 – Gumiyo, the Woodland Hills-based startup that develops e-commerce solutions for mobile devices, has closed its second venture funding round and named entrepreneur Yuri Pikover to its board of directors.

Pikover has been involved with a number of Southern California tech startups.  He co-founded Calabasas-based Xylan Corporation, which invented network-wide switching technology and grew to over $300 million in revenues in four years.  Xylan was sold to Alcatel for $2 billion in 1999.  He was also CEO of Orange County-based Access 360, which was ultimately sold to IBM.  Most recently, Pikover has developed systems that support automotive dealerships, according to Gumiyo.

The company has not provided details on the funding, but Gumiyo does have some momentum behind it, recently partnering with AutoBase to enable mobile auto classifieds.  Gumiyo also has a deal in place with online classified provider Edgeio and recently integrated Google Base listings into its mobile commerce services.

Gumiyo extends the online marketplace to mobile phones, providing sellers with unique mobile homepages and running print ads, signs, flyers, or any type of offline and online advertising by including Gumiyo’s proprietary short code with specialized text messages.

Gumiyo - www.gumiyo.com

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