SAN FRANCISCO, Calif. – July 18, 2011- MoboTap, the mobile technology developer behind the Dolphin Browser, today announced that it will receive $10 million in Series A funding round led by Sequoia Capital, with Matrix Partners also participating. MoboTap’s Dolphin was launched on the Android platform in March 2010 and is Sequoia Capital’s first mobile browser investment. MoboTap will use the new funds for rapid product development for Dolphin and expansion into new market segments.

In less than 15 months, Dolphin has grown to more than 8 million users worldwide on mobile devices by allowing them to intuitively create their very own web browsing experience on the Android platform.

“Dolphin is the most powerful and engaging way to browse and touch the internet available today,” said Yongzhi Yang, MoboTap’s CEO. “In creating Dolphin, we have made it possible to open any websites with just a touch of your finger tip. We believe in the future of mobile web and we want to bring the best mobile browsing experience to the world.”

“According to IDC, for the first time more smartphones have been shipped than PCs, growing 74.4% to 302.6 million devices in 2010,” said Kui Zhou, Partner at Sequoia Capital. “Smartphones have changed the way people access the internet and Dolphin is transforming the way people browse on their smartphone and tablet devices.”

“The vast majority of Dolphin’s users are in the U.S.,” said Michael Moritz, Partner at Sequoia Capital. “In both the U.S and China, Sequoia Capital will work with MoboTap in every way possible to ensure even more people are enjoying the intuitive Dolphin mobile browser.”