Virtualization trend continues — into mobile phones
VirtualLogix, a Sunnyvale, Calif. company, said it has raised $16 million in a second round of funding to push “virtualization” software to things such as iPods, mobile phones, traffic lights and digital watches.
Virtualization allows multiple operating systems to run simultaneously on hardware devices, allowing companies to make more efficient use of that hardware. This helps them trim the outlays they make on hardware.
Virtualization is all the rage. Intel just pumped $218.5 million into well-regarded virtualization… Continue Reading
Travel site WAYN.com raises $11M for travel social networking site
WAYN.com, a London-based social networking travel web site, has raised $11m (£5.7m).
It lets users enter details of where they are and where they have traveled in the past, and how they can share information about say, the best bars in New York. It resembles RealTravel, a Silicon Valley site that does that sort of thing.
It says it wants to be the MySpace of the travel business. It says it is already profitable (although… Continue Reading