With Apple’s iPhone and Google’s Android dominating the market, it’s easy to think of Silicon Valley as the center of the mobile universe. But when it comes to the industry’s largest venture capital investments during the first half of the year, the top companies were based outside the U.S.
Xiaomi Tech, the Beijing-based maker of cell phones, secured the largest investment with $216 million, according to a recent report from Rutberg & Co. India’s Sistema Shyam, a mobile services provider, followed with $158 million in funding.
