Greylock Partners invests $4M in Indian healthcare IT
Why is Valley firm Greylock – which has Facebook, Pandora and Zipcar in its portfolio, as well as advertainment producer The Box — putting four million bucks into an Indian healthcare tech company? Because HealthHiway, in Greylock’s view, has the potentional to become India’s Salesforce.com for the medical industry.
“Tech infrastructure between hospitals, labs, doctors, insurers, is far behind what we have here in the U.S.,” Greylock’s director of marketing, Erika Brown (yes, the former Forbes… Continue Reading
Greylock Partners invests in “advertainment” maker The Box
The Box is an Israeli company that specializes in interactive “advertainment” — viral videos and cross-media campaigns that cover the Internet, mobile and television. The viral video “Everything is Under Control,” for French business-management firm Vizelia, is a typical example. The Box is the first content-related investment by Greylock Partners, a firm known for its role in funding Facebook, LinkedIn, Zipcar and DoubleClick.
The Box added two board members: Moshe Mor, a partner at Greylock’s Israel fund; and… Continue Reading
Microsoft buys travel site Farecast for $115M
Microsoft has acquired travel website Farecast for a rumored $115 million. The Seattle startup’s technology will likely be incorporated into the software giant’s site MSN Travel — even before the deal, Farecast had already partnered with MSN.
Farecast’s technology made it a pretty tempting target for acquisition. As we noted a year ago, the Seattle startup owns its niche of predicting airfares. At the time, we also said that some of the big tech players wanted… Continue Reading