Looks like OQO is here to stay. OQO, Inc., today announced $20 million in Series D financing. The oversubscribed round was led by Washington D.C.-based Paladin Capital Group with existing institutional investors Azure Capital Partners and AsiaTech Management, as well as new key strategic investor Motorola Ventures, the venture capital arm of Motorola, Inc.

The money will be used used to scale the sales and marketing efforts while accelerating research and development of next generation ultra personal computer products and related technologies.
Jory Bell and Jonathan Betts-LaCroix founded OQO Inc. in 2000, along with a core group of engineers and product designers, and set out to shrink a Windows XP computer into a pocket-able device. The OQO was one of our first I4U News stories back in 2002.
More details in this press-release.

OQO recently announced an updated OQO Windows XP PDA dubbed OQO 01+