Mark Cuban leads SMaSh Technologies funding

Mobile messaging application server provider SMaSh Technologies announced the close of a $1.35 million investment round led by billionaire businessman, HDNet chairman and Dallas Mavericks owner Mark Cuban. Seed-stage investment group Innovation Works and Dr. Ihor Lys (named 2008 National Inventor of the Year by the Intellectual Property Owners Education Foundation) also contributed. According to SMaSh, its patent-pending platform enables feature-rich and transactional SMS-based applications, promising businesses the tools to more efficiently develop and launch pre-configured services like menu-based information navigation, multiple-touch interactions, reminders, "add to favorites" functionality, subscription notifications, lookups and scheduling. The startup adds the new funding will expand its product development and delivery of customer solutions.

For more on the SMaSh investment:
- read this release