MojoPac, the latest PC virtualization product

RingCube, a Mountain View start-up has developed a product called MojoPac that lets you carry around your PC contents in a tiny storage device, and then access it on any PC you plug the device into.

MojoPac is still in testing mode, but you can sign up for it here. RingCube said today it has received $4 million from New Enterprise Associates, a Silicon Valley firm. We talked with Kittu Kolluri, a serial entrepreneur who recently joined NEA, and who made the investment in two tranches.

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He said MojoPac lets you run on a PC “any application” stored in a removable storage device, such as a USB drive, a micro drive (an iPod, for example) or flash drive. It also would work with networked storage, such as with Google’s GDrive, if we understand GDrive’s plans correctly.

It is the latest attempt to redefine mobile computer. Laptops are state of the art, but they are bulky. Smart phones and PDAs are mobile, but their user interface is challenging or, as Kittu puts it, “terrible.” We’re looking forward to trying this. “The MojoPac lets you encapsulate your application environment, plug it into any computer, and you’ve got your PC,” Kittu said.

Chief Executive Shan Appajodu approached Kittu late last year. They’d worked together at Healtheon, the boom-era company backed by Netscape co-founder Jim Clark. Kittu later scored a hit with Neoteris, building it during the downturn after 2000 and selling the VPN company to Netscreen. Kittu is of chairman of RingCube.

Update: The company isn’t saying much until after its launch at DEMO Monday, which is why we can’t provide more details about how it works. News of the funding was first reported today by VentureWire.