Open Kernel Labs (OK Labs), the leading provider of embedded virtualization software for mobile phones and broadband internet devices, announced that the company has closed a US$7.6M funding round with investments from Chrysalis Ventures Citrix® Systems. and Neo Technology Ventures (who participated in OK Labs’, Series A)

OK Labs will use this investment to fund global expansion of its research and development and business channels, establishing further regional support throughout Asia, Europe and the Americas.

This round has come in addition to the AUD$2.5M Australian Government Commercial Ready grant that we reported the team received last year.

It’s a good outcome for OK Labs, who have their embedded hypervisor, OKL4, already deployed in 250 million handsets and other mobile/embedded devices worldwide.

It’s also a good outcome for NICTA, the federally funded research institute OK Labs was spun out from.

You can read the full press release here.