Bubble Motion Raises $14 Million For ‘Voice SMS’ Service

Bubble Motion, a Mountain View, Calif. company that allows users to send short voice clips to each other like text messages, said today it raised $14 million in venture funding. Investors participating in the round include existing investors Sequoia Capital, both from the U.S. and India, and new investors Comcast (NSDQ: CMCSA) Interactive Capital and NCD Investors. The funding will be used to develop its BubbleTALK platform, and secure operator partnerships around the world.

The company, which was founded in 2003, said currently about 135 million consumers use the BubbleTALK service, and operators find the service appealing because it increases ARPU without having to add any network infrastructure. In Sept. 2006, the company raised $10 million in a second round of funding.