January 26, 2015 | The Israeli company developing “ATMs” for smartphones, Cellomat, announced that it raised $2.25 million from Cellebrite, according to a ‘GeekTime’ report. This is Cellomat’s first big financing round, which it will use to expand its service and the company. Founded in 2011, Cellomat offers an service that will fix problems with your smartphone, providing you with a replacement phone in an instant. Instead of waiting in lines at the local branch of your cellular provider, Cellomat allows users to drop off their phone that needs fixing, telling an automated machine what’s wrong with it, and automatically assigns a replacement phone to the user. Cellomat’s goal is to have its automated cellular tellers work around the clock, helping people stay connected, even when technology challenges them.
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