Celio Gets Funding

Salt Lake City, Utah-based Celio, a firm developing products for the smart phone industry, has quietly raised a round of funding from vSpring Capital, Techrockies has learned. The firm has not yet released details of the investment. Celio is headed by Kirt Bailey, most recently the general manager of Intel's Network Components Division, which develops Ethernet semiconductor components. A spokesperson for the firm declined to provide specifics of the funding, saying the firm would be announcing more in about a week. More information »