Handheld developer OQO raises $20M

Personal computer manufacturer OQO raised $20 million in fourth round funding. Motorola Ventures, the venture capital arm of Motorola, joined the round as a new investor with round leader Paladian Capital Group and existing investors Azure Capital and AsiaTech Management. OQO plans to use the VC to reduce its sales and marketing efforts and increase its R&D efforts for next generation personal computers. Motorola said its investment in OQO is in keeping with the company's goal to bring seamless mobility to wireless users. OQO's fund raising follows its launch of the model 01+, an upgrade to their model 01 ultra personal computer, which debuted as the first pocketable Windows XP personal computer.

For more on OQO's fourth round of VC:
- take a look at this press release