Forterra raises $1.2M for corporate virtual worlds
Forterra Systems, a Menlo Park, Calif. company that creates virtual environments for corporations, government agencies and health care organizations, has brought in $1.2 million of what it hopes will soon be a $2.7 million round of capital, reports VentureWire. This is a much lower amount than the $10 million the company said it had secured from In-Q-Tel, Chichen Itza Ventures, Jerusalem Venture Partners and Sutter Hill Ventures last February.
The company was founded as part of… Continue Reading
Sony Electronics holds a virtual trade show
Sony Electronics staged a virtual trade show today for fans of professional broadcasting equipment. The company said thousands of people registered for the event, which was staged by InXpo in Chicago.
The event marks the first time that Sony Electronics has endorsed the virtual trade show concept, which has been pushed by a variety of startups in the past couple of years as a way to cut travel and hotel expenses.
Alec Shapiro, senior vice president of… Continue Reading