San Francisco-Based OQO Raises $20 Million in Fourth Round

San Francisco -- OQO, a San Francisco-based manufacturer of handheld
PCs, said that it has raised $20 million in its fourth round of funding, led
by Washington DC-based Paladin Capital Group. Other participants
included Azure Capital Partners and AsiaTech Management, as well as
new investor Motorola Ventures. The company said that it will use the
proceeds to accelerate its research and development efforts, as well as for
sales and marketing. OQO developed the first pocket-sized Windows XP
personal computer to his the market, and recently released its upgraded
model. The company has more than 400 corporate and government
clients.
http://www.oqo.com/company/news/releases/show/pr0015