Spoof-proof location authentication to help legitimize mobile gambling

April 25, 2012 6:00 AM Dean Takahashi

Locaid is announcing today that it will provide "unspoofable" location authentication for mobile gambling. The Locaid technology is a critical part of the ecosystem that can support online gambling, which is expected to be a huge industry in the U.S. in the not-so-distant future.

Hot shot VC firm Andreessen Horowitz says it has nearly returned its first fund

April 25, 2012 5:24 AM Ben Popper

Ben Popper

Critics made a lot of hay over Andreessen Horowitz’s decision not to re-invest in Instagram. As our own Dylan Tweney pointed out, this made a $78 million win seem like a big mistake.

Andreessen Horowitz defended itself, saying that it …

Like a help desk for life: Wizpert puts you in touch with experts instantly

April 25, 2012 5:00 AM Devindra Hardawar

Devindra Hardawar

You can find the answer to plenty of questions online, but sometimes it’s helpful to chat with a particularly knowledgeable human. New York City-based Wizpert aims to simplify the process of finding and chatting with experts instantly — and in …

AOL starts building its own TV network with newly launched video site ‘AOL On’

April 25, 2012 4:30 AM Tom Cheredar

Tom Cheredar

We’ve known for a while now that AOL has aspirations of transforming its media empire into a fully fledged TV network built for the web. It announced a new live streaming video channel for the HuffingtonPost web publication back in …

Symform raises $11M to store your data on someone else’s hard drive

April 25, 2012 3:00 AM Sarah Mitroff

Sarah Mitroff

Alternative cloud storage startup Symform has raised $11 million to store your files in tiny fragments on hard drives all over the world.

“Traditional cloud storage is fundamentally broken,” said Symform co-founder Praerit Garg in an interview with VentureBeat. ”Local

…

PixyKids launches 3D-animated characters for kids social network

April 25, 2012 2:00 AM Dean Takahashi

Dean Takahashi

PixyKids, which has created a social network for kids ages 6 to 12, announced today it plans to allow children to create their own highly realistic 3D-animated avatars. The avatars are part of the company's plan to become a Facebook for kids.

Tablet sales to top 760M worldwide by 2016, and a third will be iPads

April 24, 2012 4:41 PM Greg Adler

According to Forrester Research, tablets are rapidly becoming the primary device of choice for millions of people around the world. Sales of tablet computers in 2016 are predicted to hit 375 million, and 760 million tablets could be in use …

Report: Amazon pulling ahead of iTunes in average revenue per user

April 24, 2012 4:40 PM Jasmine Maleficent Rea

Jasmine Maleficent Rea

TinyCo's report on how well its game Tiny Village is doing across multiple mobile platforms reveals that fragmentation might be to blame in the loss of revenue from Google Play releases.

Instagram grew U.S. uniques by 19 percent in March

April 24, 2012 3:44 PM Jennifer Van Grove

Jennifer Van Grove

Mobile photo-sharing phenom Instagram didn’t need an Android application or any help from Facebook to post remarkable gains in unique web traffic in March.

Instagram, the Facebook-purchased photo-sharing app with little web presence to speak of, actually landed on analytics …

Funding daily: Halting the hackers and online dating meets job searching

April 24, 2012 3:42 PM Sarah Mitroff

Sarah Mitroff

At VentureBeat, we come across a lot of funding news every day. In order to bring you the most information possible, we’re rounding up the quick-and-dirty details about the funding deals of the day and serving them up here in …

Firefox 12 launches with ‘ninja’ updates for Windows, numbered page source lines

April 24, 2012 3:36 PM Tom Cheredar

Tom Cheredar

Mozilla has released a new update of its popular open-source web browser Firefox today, which packs a handful of changes, bug fixes, new features, and a brand new version number.

Firefox 12 has two notable additions to its feature set. …

Here’s the list of third-party apps already integrated with Google Drive

April 24, 2012 2:53 PM Sean Ludwig

Sean Ludwig

With the launch of Google Drive today, many of the rumors and leaks surrounding the new service have been dispelled, and instead replaced with (mostly) concrete answers. One of the leaks concerning third-party integration turned out to be true, with …

Apple sells 11.8M iPads, showing number of pixels does matter

April 24, 2012 2:00 PM Meghan Kelly

Meghan Kelly

Apple announced it has sold 11.8 million iPads since the company debuted the tablet in early March. The number reflects a 151 percent increase over iPad sales during the same quarter a year ago.

The company released its third version …

Apple’s enormous Q2 earnings by the numbers: 35.1M iPhones sold, $11.6B profit

April 24, 2012 1:43 PM Sean Ludwig

Sean Ludwig

Apple had another humongous quarter in Q2 buoyed by the sale of the new iPad, with results that once again beat high Wall Street expectations. Apple earned a record profit of $11.6 billion on revenue of $39.2 billion and sold …

Apple beats estimates a second time at $39.2 billion in revenue

April 24, 2012 1:37 PM Meghan Kelly

Meghan Kelly

Apple announced its second quarter earnings Tuesday at $39.2 billion in revenue, beating analyst estimates of $36.8 billion in revenue.

The company raked in $11.6 billion in net income. Year over year, Apple’s net profit increased 94 percent. Last quarter, …

Terascala raises $14M for “fast data” storage

April 24, 2012 1:11 PM Sarah Mitroff

Sarah Mitroff

Boston-based cloud data storage company Terascala has raised $14 million in second-round funding for its parallel storage appliances.

Terascala’s main product, called Terascala Integrated Storage Information System (TISIS), helps businesses process and store huge amounts of data more effectively using …