Fresh off the press:
Intel’s investment arm, Intel Capital, announced three new investments at the World Economic Forum on the Middle East and North Africa today.
The three startups that have received fresh capital from the investment organization are UK/Lebanon based Nymgo (which delivers cheap VoIP telephony services), Jordan-based Jeeran (social networking site) and ShooFeeTV (which operates a Web-based entertainment guide).
Well Nymgo seems to be a serious threat as access to the website from the UAE is blocked (a possible foreshadow of the fate of VoIP in Lebanon).
Nymgo launched in December 2008 and offers low-cost VoIP calling services. With over two million downloads, Nymgo says it serves customers in over 200 countries worldwide. Since its creation, Nymgo claims to have served over 300 million minutes of international calls. With Intel’s help, Nymgo says it intends to accelerate infrastructure deployment, operations enhancement and global marketing.
Good luck, though I’ll probably never be able to use you.