XORPsource raises $5 million in first round for open-source routing software

XORPsource has raised $5 million in first-round funding for its open-source routing software business. The company is based in Santa Clara, Calif., and does not yet have a web site. Investors include Highland Capital Partners and Onset Ventures. The firm is headed by Vivek Ragavan,… Continue Reading

Roundup: Winter IPO party?, Google improves directions, Zoho Wiki & more

Roundup: Winter IPO party?, Google improves directions, Zoho Wiki & more

Latest Silicon Valley round-up:

IPO window opening? — Lots of companies filing to go public lately. In just the past couple of days, there’s WiMax company Clearwire (see our story), game company Glu Mobile (see story), WiFi company Aruba (see story) and now rumors of software company… Continue Reading

Metacafe sold?, Common Sense raises $, Calacanis joins Sequoia, AskCity & more

Metacafe sold?, Common Sense raises $, Calacanis joins Sequoia, AskCity & more

(Update: Apologies, we’d meant to put a questionmark in the headline, so we’ve fixed. We’re checking on this rumor, but now we’re getting more doubts about this supposed sale)

Here’s the latest in Silicon Valley tech world:

Video site MetaCafe to be sold for $200 million? — That’s… Continue Reading

InterActiveCorp strives for local holy grail, with “Ask City”

InterActiveCorp strives for local holy grail, with “Ask City”

InterActiveCorp is about to unload a local information and entertainment service, apparently named “Ask City,” and it’s about time.

IAC is an Internet media conglomerate headed by Barry Diller, and it plans to introduce the local site next week, combining Web search, city guides, maps… Continue Reading