Skyfire

Skyfire is a software company founded in 2007, and acquired by Opera Software ASA, now Otello Corporation, in 2013. In 2015, the company became the Network Solutions division of Opera, and ceased using the Skyfire brand name. They offer network optimization technologies including video optimization and monetization tools for carriers. Skyfire discontinued its Skyfire Web Browser in 2014 in order to consolidate its focus on its mobile operator technology. Skyfire was funded by venture capital, and was acquired by Opera Software ASA in March 2013. History Skyfire was found in 2007 by Nitin Bhandari and Erik Swenson. The company was originally named DVC Labs but changed their name in 2008. Skyfire received initial funding of $4.8 million from Matrix Partners and Trinity Ventures in June 2007. Skyfire increased their funding in 2008 with an additional $13 million investment from Lightspeed Venture Partners, Matrix and Trinity. As part of the investment, a Lightspeed Ventures partner joined the board of directors. In January 2012, they received $8 million from Verizon Investments LLC, Matrix, Trinity, and Lightspeed. In 2010, Skyfire purchased Kolbysoft, which allowed them to extend their web browser for the Android marketplace with Kolby's Steel Web Browser. In October 2012, SkyFire raised $10 million in series D financing from Panorama Capital, which is a venture capital firm that spun out from JP Morgan Chase in 2006.