Roundup: AOL spinoff, secret news meeting, and more
Here’s the latest action:
AOL spin-off approved by Time Warner — After AOL’s merger with the media conglomerate in 2000, it’s been, well, a long decade. AllThingsD has more.
Leading newspapers hold secret meeting to discuss charge for content — The Atlantic reports. No word on whether there was an entrance fee.
Social game-maker Playdom hire game veterans — Virtual Worlds News covers.
Hulu Desktop, kinda — “Hulu Desktop simply presents an alternate [user interface] for the site (now with sound effects!) that’s… Continue Reading
CloudSwitch secures $7.4M for stealthy cloud software
CloudSwitch, a Waltham, Mass. company that creates cloud management software, just brought in $7.4 million in first-round funding to continue development on several stealthy projects. Little is known about what may distinguish its products from those offered by similar cloud firms RightScale, Hyperic and Amazon Web Services, only that they “will help enterprises dramatically reduce costs,” according to its web site.
The company, backed by Atlas Ventures and Matrix Partners, also says it’s hiring but doesn’t… Continue Reading
Cloud management startup RightScale raises another $13M
It looks like the economic downturn hasn’t eliminated investment for cloud computing. RightScale, a Santa Barbara, Calif. company that manages applications in the Internet cloud, has raised $13 million in a second round of funding.
There are other app management companies out there, such as WeoCeo and Intridea, but chief executive Michael Crandell has said RightScale stands out with its visual interface and the monitoring it provides with its own servers. Initially, RightScale (like most of… Continue Reading
RightScale gets boost from Benchmark, to offer cloud services
Updated
RightScale, the latest company to emerge offering “cloud” computing services, has raised $4.5 million in a first round of funding from Silicon Valley venture capital firm Benchmark Capital.
The Santa Barbara, Calif., company helps businesses manage their Web sites by transitioning them to Amazon’s Elastic Compute Cloud (EC2), or remote servers that lets businesses pay as they go, rather than buy and upkeep their own servers. Businesses can use a RightScale online dashboard to control their… Continue Reading