San Mateo, CA –- (Deals & More) -- June 8, 2010 -- uCirrus, a platform technology startup, has raised $1.7 million of an expected $4.4 million equity round, according to a filing with the SEC. Based in San Mateo, Calif., the software company recently launched a new platform for MySpace game developers that brings push technology — a way to more efficiently deliver updated information and functionality — to Flash games. Rob Trice of SK Telecom Ventures and Mike Hodges of ATA Ventures are investors in the company, which was formerly known as Groovy Corporation.

About uCirrus

Headquarted in San Mateo, California, uCirrus Corporation is at the forefront of PUSH computing, and is revolutionizing data management and data communications. With technology originally founded in Sydney, Australia, uCirrus re-incorporated in Silicon Valley and is investor- and employee-funded.

Only uCirrus' PUSHvm data stream processor provides PUSH computing performance and scalability with disruptive cost reduction for real-time enterprises.

About SK telecom ventures

Headquartered in Menlo Park, California, SK telecom ventures (www.sktvc.com) is a dedicated venture capital fund with US $100m under management that looks to make financial returns on investments through funding internet, mobile, and digital media companies that can leverage the fund's sole limited partner, SK telecom. SK telecom (www.sktelecom.com) has an international reputation for delivering innovative media, mobile, and internet services in the cutting-edge market of South Korea. It is leveraging its technology expertise and operational know-how to advance overseas into new markets such as the United States and China. SK telecom ventures is based in the United States but pursues investment opportunities globally and is willing to lead or co-lead investment rounds.

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