Grand Challenge downtown, Sparter frees your game $, Visto revisited…
Latest round-up in the world of tech:
Defense Department’s Grand Challenge moves downtown — The great annual race of robotic cars, until this year held in the desert, is moving downtown. The DARPA-sponsored event awards the winner $2 million. Unmanned vehicles will attempt to avoid people and buildings instead of boulders and sagebrush, with no remote control or other human interference. (See Merc story here.) The goal is to help the Defense Department fulfill a Congressional mandate:… Continue Reading
Visto, Silicon Valley’s most controversial company
The mobile email company, Visto, has become one of the most controversial companies in Silicon Valley.
The Redwood City company has reportedly raised another $35 million in venture backing led by new investor Altitude Capital Partners, adding to the whopping $350 million the company has already raised. It is in the red, after ten years, and hasn’t announced a major customer in several months. Its penchant to file lawsuits is also worrying, and we’ve said before… Continue Reading