UK Prime Minister David Cameron has unveiled how the government intends to create a high-tech hub in east London to rival SiliconValley. The planned new East London Tech City (known locally as Silicon Roundabout) will cover the Olympic village and the East End and has already attracted commitments from companies like Facebook, Google and Cisco.
GainSpain, a company that makes low-power Wi-Fi chips, has raised $5 million of an expected $20 million in equity, according to a filing with the SEC. In August, the San Jose-based startup released a Wi-Fi module that can be embedded into home appliances, allowing users to operate devices like refrigerators and dishwashers from a laptop or cell phone.
Red Foundry, a Chicago-based startup that has developed an easy way to let anyone make mobile apps without knowing a lick of code, announced today that it has raised $1.1 million in first round funding.
SurveyMonkey, a company that offers an online survey service, announced today that it has raised $100 million in senior debt financing led by Bank of America Merrill Lynch and SunTrust Robinson Humphrey.
Cleantech isn’t the only investment area that’s bleeding green. According to the Dow Jones VentureSource, venture capitalists put $1.2 billion (€916 million) into 198 European companies in the third quarter of 2010. This is the lowest quarterly deal count for Europe since the company began tracking the region 10 years ago and represents a 25 percent drop from the third quarter of 2009.
U.S. Bank, the country’s fifth largest bank, will be the first major bank to use a new breed of secure and cheap online payment system. If it becomes widely accepted, it could grease the skids of electronic commerce.
If you want to increase your revenue for a social game, you can put a game inside an existing game. That’s what BringIt, a tournament gaming startup, did for social game firm RockYou.
Cloud Sherpas, a designated reseller of Google’s online application suite for enterprise customers, announced today it has raised $1.6 million in its first round of funding.
Urban Airship, which provides back-end services for popular mobile apps like Tap Tap Revenge, just raised $5.6 million in a second round of funding.
Prominent venture capital fundAndreessen Horowitz has confirmed earlier rumors that it has raised a $650 million fund, less than a year after it raised its first $300 million fund.
Online advertising and marketing company Federated Media just announced its first full startup acquisition — BigTent, a company offering social networking tools to help parents build communities on the Web.
LiveU, which develops ways to transmit live video streams over wireless networks, announced today that it has raised $11 million in its third round of funding led by Pitango Venture Capital.
Oracle announced today that it will purchase ecommerce software company ATG for approximately $1 billion, or $6 per share.
Apple’s iPad has been hyped as the future of publishing — books, magazines, you name it. Now high-profile venture firm Kleiner Perkins Caufield & Byers is putting millions of dollars behind that idea. Through its iPhone- and iPad-focused iFund, Kleiner just led a $6 million round in iPad app publisher Callaway Digital Arts.
Vacation home rental matchmaker HomeAway just received a reported $25 million investment from Google Ventures, as corporate venture arms increasingly look for ways to invest in high-revenue, pre-IPO companies.
Online data integration startup SnapLogic has raised another $10 million in funding, according to a filing with the Securities and Exchange Commission.
Carbonflow, a developer of software applications for carbon reduction projects, has closed a $4.2 million second round of funding. The round was led by existing investor OVP Venture Partners with participation from Clean Pacific Ventures and @Ventures.
Cyber security company Endgame Systems announced today that it has raised $29 million in its first round of funding from a number of firms including Kleiner Perkins Caufield & Byers.
The spat between tech giants continues with Oracle updating its lawsuit today, stating Google stole Oracle’s Java code for its Android mobile operating system.
BilltoMobile is announcing today it has partnered with AT&T to allow mobile phone users to purchase goods online via their mobile phone accounts.
AppToU, a Palo Alto startup, has raised $1.8 million of an expected $2 million in equity and debt funding. Charles Moldow of Foundation Capital participated in the funding round, based on a filing with the SEC.
Well-connected early-stage investor Christine Herron is leaving seed-stage venture-capital firm First Round Capital to join Intel Capital, the chipmaker’s corporate venture arm. The move adds another voice to the ongoing controversy over whether there is a bubble in early-stage investing that’s causing tension between angel investors and established venture capitalists.
Buying Android Inc., the wireless-software startup founded by Andy Rubin, was Google’s “best deal ever,” said David Lawee, vice president of corporate development at the search giant.
Expedia.com and a number of other travel websites are attempting to block Google’s acquisition of ITA Software, a buyout that would give Google access to real-time flight data.
Appcelerator, which makes software that translates web-developed applications into Objective-C and other languages used in mobile operating systems, announced today that it has raised $9 million in its second round of funding from eBay and Sierra Ventures.
Cloudera, a maker of data-management software for large companies, announced today that it has raised $25 million in its third round of funding to help build its Hadoop-based software architecture.
Zuberance, a company that helps businesses energize their fans and turn them into a volunteer salesforce, has raised $8 million in a second round of funding.
Adap.tv, a provider of online video advertising, has raised $4.5 million in a third round of funding. Existing investors Redpoint Ventures, Gemini Israel Funds and Spark Capital participated in the round, according to a filing with the SEC.
Tudou, the number two streaming video site in China, is planning to file an initial public offering to raise up to $150 million on the tech-heavy NASDAQ Composite stock market.
We haven’t heard much about Hunch, the once-buzzy recommendations site based in New York — and what we’ve heard hasn’t been good. So it was interesting to read CEO Chris Dixon’s response to an anonymous questioner who asked why Hunch was building a general recommendations platform instead of focusing on solving one specific problem.
Mail.ru, which made sizable investments in Facebook and other American tech companies, has filed for an initial public offering on the London stock exchange. The company aims to raise $876 through the IPO at a $5.7 billion valuation, according to the Wall Street Journal.
Angel investors and venture capital firms are teaming up to find the best deals, new data released today shows, with investors paying particular attention to startup companies active in the IT and business technology space
Social search startup HeyStaks Technologies has raised $1.4 million in a first round of funding from NCB Ventures. The service, which is a browser toolbar and mobile solution, lets users organize online searches into folders by topic and share with friends through email, Facebook or Twitter.
Giga Omni Media, the company that runs GigaOm and related tech blogs, has raised $2.5 million in a fourth round of funding.
The world’s largest online betting exchange, Betfair Group, soared close to 20 percent in its first day of trading on the London Stock Exchange closing at £15.50 per share and raising $322 million during the session.
Kabam is hoping to build the next dynamite company in social games. Today, Kabam is announcing it has acquired social game developer WonderHill as part of a quest to build a powerhouse in next-generation social gaming.
Nutrition advice site ShopWell, which raised $1.1 million in funding last month, launched its free iPhone app today. The app, powered by bar code scanner RedLaser, allows users to scan grocery bar codes and get personalized nutrition information from inside stores.
RGB Networks, a provider of video processing technology, has issued $20 million of new shares for the acquisition of RipCode, according to a filing with the SEC. RGB Networks announced the acquisition of RipCode, a transcoding vendor, in June.
Will the quants storm the clubby bastions of the venture capital world? That question has been coming up frequently of late. At the Demo 2010 conference, InLab Ventures rolled out a new venture capital program it dubbed VC3.0 that included elimination of carry fees and incentives for board members to spend time with invested startups.