Fliptrack becomes Moblyng, gets $5.7m from VCs

Social media service Fliptrack has been reborn as Moblyng and found itself on the end of an injection of VC funding. The company’s offering lets users mobilise and share all their content on social networking sites likes MySpace, including photos, videos and widgets, and announced yesterday that it’s got $5.7 million in venture capital funding from MDV-Mohr Davidow Ventures and Deep Fork Capital.

The service sounds technologically pretty nifty. It works like this, according to the company: “Moblyng technology automatically converts Flash-based content to images or video for mobile distribution, bridging the gap between online Flash objects and mobile devices, which do not widely support Flash-based content.”

With social networking now one of the most popular activities on the mobile web, it’s no wonder so many companies and VCs are gunning for it.