Pervasip Corp (PVSP)

[Arthur]

Investors Bet Another $10 Million On Fring’s Ability To Rival Skype

http://techcrunch.com/2011/05/24/investors-bet-another-10-million-on-frings-ability-to-rival-skype-microsoft/

Exclusive - Mobile communications startup fring, fresh off the heels of launching group video calls for smartphones, has raised a Series C round of financing from existing investors, TechCrunch has learned.

The amount that was raised is actually not being disclosed, but sources close to the company tell us that fring secured another $10 million in venture capital, bringing its total of funding raised to well north of $30 million.

We were also told fring’s annual revenue run rate currently hovers around $10 million – the company makes money from advertising and voice calling service fringOut.