Nokia forms bond with GlooLabs
The Finnish handset maker's incubator arm invests an undisclosed amount in the start-up, which specializes in tapping into multimedia content on remote PCs.
The amount of the investment, announced by the Palo Alto, Calif.-based software company on Tuesday, was not disclosed.
GlooLabs' Java-based technology, known as Gloo, enables people to access digital content on a computer or media server using a Gloo-compatible device. One such gadget already in use is HomePod, which taps music files stored on a Mac to be played on a home stereo anywhere in the house.
The Gloo software works with a number of operating systems and is portable to different hardware platforms, GlooLabs said.
The Finnish handset company made the investment through its Innovent division, which explores emerging markets and invests in early-stage companies, an Innovent representative said. The division has invested in about 10 companies, according to a notice on its Web site.