Red Foundry Raises $1.1 Million To Make App Making Easier

November 5, 2010

7:00 pm

Creating an exceptional mobile experience is becoming more important everyday as most of us are connected to our phones all the time. Chicago-based startup Red Foundry is looking to help create exceptional mobile experiences with ease and this week shared news that they just raised a $1.1 million round of funding from OCA Ventures and the I2A Fund. The funding will be used to help speed up the development of its Mobile App Platform, which provides the framework for anyone to create a slick app, along with additional tools to help make the app profitable.

Red Foundry CEO and Founder Jim Heising had this to say about the investment:

“The impact our Mobile App Platform will make on the market, as well as its longevity and diverse application capabilities, is evidenced by the faith both firms have shown in our product.”

Kapil Chaudhary, Managing Partner and Co-Founder of I2A Fund had this to say of the investment in Red Foundry:

“We are confident that Red Foundry will drastically change the playing field in the technology industry for technology-enabled products and services.”

Previously, we’ve covered Los Angeles-based MobileRoadie and DC-based AppMakr by PointAbout, both mobile application creation tools, so we will be interested to see how Mobile App Platform compares to these offerings. It’s clear that Red Foundry is focused on beautiful design with no programming knowledge required, thus saving companies that use it $50,000 or more in mobile application development costs. So we cannot wait to see it in action when it’s launched to the public.

If you are still curious as to what the platform may look like, be sure to check out the Red Foundry promotional video below and find out just what it’s all about.

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Frank Gruber is the cofounder, CEO and Executive Editor of Tech.Co (formerly Tech Cocktail). He is the author of the book, Startup Mixology, Tech Cocktail’s Guide to Building, Growing, and Celebrating Startup Success. He is also a startup advisor and investor to startups. Find Frank Gruber online and follow him on Twitter at @FrankGruber.

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