Posts Tagged ‘inv:Core-Capital-Partners’
As more and more people move their work data onto their mobile phones, a company called Trust Digital has raised another $14.5 million to help manage that process.
The Lean, Va. company’s software simplifies the process of authenticating phones, encrypting data and more across multiple smartphones. Chief executive Nick Magliato says some of his company’s biggest customers are government and health care agencies.
Big players like Microsoft and Research in Motion have similar software for their Windows Mobile and BlackBerry devices, respectively, but Magliato says his software is the only one to offer these services across multiple companies’ devices. Obviously, that’s a pretty big advantage, especially with Apple’s iPhone becoming a hit among business users, despite lingering security concerns.
Speaking of the iPhone, Trust Digital doesn’t support it or the BlackBerry, which are pretty big lapses that the startup is working to rectify. In part, that’s why the company raised more funding. IPhone support is coming next month, Magliato says, with the BlackBerry and other additions planned as well.
“We’re going to be on these blockbuster devices as they plug into the enterprise,” he says.
The round was led by Summerhill Venture Partners, Fairhaven Capital, Core Capital Partners, Avansis Ventures, MMV Financial and Square 1 Bank. Echoing remarks made by analyst Mary Meeker last week, Summerhill’s Joe Catalfamo argues that even with the current economy, mobility will remain strong.
Trust Digital has now raised $30 million in venture backing.
Here’s the day’s action:
1) CNET sells its photo-sharing site Webshots at loss, may be ready to try again
2) Comcast isn’t the only ISP manipulating traffic
3) Apple may lose Warner Music, too
4) Yahoo’s Cammie Dunaway goes to Nintendo
5) Trusted Opinion, social recommendations, raises $1.3 million
6) JackBe, enterprise mashup software, raises $9.5 million
7) EchoSign, electronic signatures, takes $6 million
CNET sells Webshots to American Greeting for $45M – CNET bought Webshots, a photo-sharing site, for $70M in 2004, so the purchase apparently didn’t do much for the company. CNET itself is losing money, and also recently took on a $250 million loan, which may signal a desire for more (but hopefully better advised) acquisitions of internet properties.
Comcast isn’t the only ISP interfering with P2P — This post by Om Malik points out that other ISPs are probably also interfering with Net traffic. So much for Net Neutrality. Companies that rely on P2P traffic may have to count on lawmakers for relief if ISPs become bolder in their efforts to minimize certain traffic. Luckily, they’ve got congressmen like Rick Boucher, who has put the issue at the top of the House tech agenda.
Apple’s iPod aura wearing off with music labels — Last month it was Universal Music Group, this month it’s Warner Music. As record label’s contracts with Apple run out, the companies are deciding they don’t really want to be in a controlling relationship, and would prefer to see other distributors. Both Universal and Warner are shifting to a month-to-month contract with Apple that will allow them to strike deals elsewhere. If the companies have figured out yet that they don’t have to be in constant control of their own content, that might even mean a few crumbs for startups.
Yahoo-er Cammie Dunaway has indeed left for Nintendo – The New York Times confirms the rumor that Valleywag had the other week.
Recommendation-focused social network Trusted Opinion raises $1.3 million – More here.
JackBe, enterprise mashup software company, raises $9.5M more – The company, based in Fremont, Calif., raised the third round of financing from Harbert Venture Partners, Core Capital Partners, and existing investors Intel Capital, Darby Technology Ventures and Blue Chip Venture Company. The company’s Presto platform allows users to create applications by pulling in data from various sources, and faces numerous competitors, including Nexaweb and Xignite. It had previously raised $9.5 million.
EchoSign takes $6 million for signature automation — A month ago today, we reported that competitor DocuSign had taken $12.4 million to continue developing its electronic signature technology. We wouldn’t say they’re copying, but does anyone else hear an echo? (OK, sorry for that one.) This is EchoSign’s second funding, led by Emergence Capital and also participated in by previous investor Storm Capital.
Top Stories
- The Huffington Post confirms $25M third round
- A new, elaborate $20 billion deal for ...
- Mobile ad spending rises as iPhone effect ...
- Joost is loosed on the iPhone. Looks ...
- Breaking: Google News doesn't break tech news
Recent Guest Columnists
- Javier Rojas
The art of the bootstrap - Clifford Reid
The genomic frontier: Personalized medicine in action - Bruce Cleveland
Double down? Spin in? New questions for a new economy
Job Board
- Regional Vice President of Sales
at Marketing Technology Solutions (Jersey City, NJ) - Interactive Production Designer
at EyeWonder, Inc (233 Peachtree Street Atlanta, GA 30303) - Alliance Marketing Consultant BP
at Sun Microsystems (MENLO PARK, CA) - More Jobs » | Post a Job »
Links
Venturebeat Writers
- Matt Marshall, Editor-in-Chief
- Dean Takahashi, Lead Writer, DigitalMedia
- Eric Eldon, Editor, DigitalMedia
- MG Siegler, Writer, DigitalMedia
- Anthony Ha, Writer, VentureBeat
- Chris Morrison, Writer, CleanTech
- For advertising, contact .
- Log in