M.Dot Builds Better Mobile Site Creator, Gets Archimedes Labs? Largest Investment Yet

Archimedes Labs, a Palo Alto incubator, has made its largest startup investment to date, backing mobile web development startup M.dot. Neither side would disclose financial details. M.dot is still in private beta testing, and co-founders Dominik Balogh and Pavel Serbajlo tell us they plan to launch this fall. M.dot is a free app that allows users to build a mobile website from scratch or a mobile version of their existing website. ?Mobile will probably disrupt much of what we know of web 2.0,? Keith Teare, a serial entrepreneur and co-founder of TechCrunch, tells us. Teare, who led the investment, is intimately familiar with the web hosting business; his prior experience includes UK giants Easynet, NetBenefit and NetNames. He says the enormity of the web hosting business and lack of an equivalent for mobile intrigued him. ?Could this possibly disrupt web-based businesses?? Teare asks.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/mV_4ocJ8D7A/

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