Fast-growing MobiTV raises $5M more to fund equipment purchases; total funding now at $129M
MobiTV, a heavily funded provider of white-label streaming video services, says it is adding a million subscribers to every six months. The Emeryville, Calif.-based company offers video streaming to any internet-connected device, but focuses on working with carriers and operators to provide professionally-produced television on mobile devices.
Now it’s just raised $5 million from Leader Ventures — on top of $125 million it has already raised from venture firms Gefinor Ventures, Menlo Ventures, Redpoint Ventures, private… Continue Reading
Fred Wilson’s fortunes, sexy commenters & latest on Mojungle, MobiTV and Edgeio
The latest in the world of start-ups and venture capital:
Fred Wilson sells home listed at $37.5 million — Fred Wilson, the venture capitalist at Union Square Ventures in New York, who has one of the most widely read VC blogs, AVC, has sold his 15,000-square-foot townhouse in Manhattan. If it closed near the asking price, the 1847 mansion would be the most expensive single-family residence downtown, reports the Observer. In 1996, the home apparently sold for… Continue Reading
MobiTV has raised $100 for mobile TV
MobiTV, the Emeryville start-up that offers TV and other digital content to your mobile phone and other connected devices, is soaking up the cash.
It has just raised $30 million more in its third round of venture capital, GigaOm reports. This make for a total of $100 million since July — and its valuation reportedly already exceeds $400 million.
Is this company red hot, or is it getting bloated? It started out serving mobile phones. But… Continue Reading
Google on verge of becoming Silicon Valley’s biggest….but getting dumber too?
Google, the giant search engine in Mountain View, is about to surpass Cisco to become the valley’s most valuable company.
It has passed IBM to become the third most valuable technology company, behind Cisco and Microsoft. Google’s stock is above $475 per share, bringing its total market worth ($475 x total number of shares) to $145 billion, surpassing the total value of IBM at 139.5 billion. Now it is breathing down the neck of Cisco, which… Continue Reading
MSpot, yet another mobile video co., has raised $2.3 million
MSpot, a Palo Alto start-up, has raised $2.3 million in a first round of venture backing to go after the mobile video market, joining a bunch of other venture-backed companies in the hot space, including MobiTV and TwistBox Entertainment.
MSpot raised its money in August of last year from venture firm Trinity Ventures, and maybe looking for more, reports VentureWire this morning (sub required).
On its Web site, mSpot boasts it is “the first to stream full-length… Continue Reading
Roundup: MobiTV, Loopt, Xuqa, Google embraces TurnHere
The latest tech news in Silicon Valley:
The mobile TV revolution continues, and MobiTV is hot — MobiTV, of Emeryville is one of the start-ups on the forefront. It offers TV programming from networks and cable providers. It started out serving mobile phones. Now it has expanded, first to WiFi, and now with AT&T to anyplace with broadband.
Venture investors like Oak are paying a good price to play. MobiTV raised $70 million in a July third round,… Continue Reading
Silicon Valley-wide WiFi? Despite deal, long way to go
Silicon Valley leaders picked a consortium led by Cisco Systems and IBM to build and operate a free wireless network for up to 2.4 million across the region. But if you look at the details of the deal, it’s unclear how quickly this will come about.
Here is the Mercury News story about the annoucement.
The consortium, called the “Silicon Valley Metro Connect team,” plans to begin building the 1,500 square-mile network this fall, but it will… Continue Reading