Ottawa, Canada – June 16, 2016 – Graphite Software, a leading mobile virtualization provider, announced the completion of an $8 million Series B round of funding. The round was led by investors from the Beijing-based Zhongguancun Private Equity & Venture Capital Association (ZVCA) and includes participation from Toronto-based strategic investor Green Century Investment and Series A lead investor Celtic House Venture Partners, one of Canada’s most active investors in technology and innovation.
In May, Graphite announced that its Secure Spaces™ Android virtualization platform had launched with Xiaomi’s MIUI 8 and would be deployed to over 150 million devices by year end. Xiaomi, the world’s fifth largest smartphone maker, sold more than 70 million phones in 2015 and has been recognized as one of the most innovative companies in the world. With offices in Ottawa, Sunnyvale and Beijing, Graphite will leverage the new funding to further accelerate the deployment of its virtual phone technology by Android mobile device OEMs worldwide.