Greystripe raises $5.5M for mobile ads
Greystripe, maker of a software platform for developing ad-supported games for mobile phones, announced that it brought in $5.5 million in third-round funding from Incubic Venture Capital, Steamboat Ventures and Monitor Ventures.
The San Francisco, Calif. company has formed partnerships with several game developers in order to insert ads into their video games. Consumers can download these games for free, because ads provide the revenue, which is then split between Greystripe and its developers. It provides… Continue Reading
GigaFin Networks, struggles, tries new direction: firewalls
GigaFin Networks, a struggling Cupertino, Calif, company, has raised a $10 million in more capital, to restart the company in a new direction. It is giving up making chips and has developed a new kind of firewall instead.
See the company’s original announcement here about its new network product.
The announcement is somewhat misleading, because the company says it is already a “leading” provider of internal network traffic management products, which can not possibly be the case… Continue Reading
Greystripe raises $8.9M for mobile games wrapped with ads
San Francisco’s Greystripe, a provider of a technology that can insert ads on the fly into mobile games, making it easier for game developers to monetize their creations, has raised $8.9 million in a second round of financing.
The round was led by Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company. Dan Beldy, managing director of Steamboat Ventures, has joined Greystripe’s board, the company said.
We wrote about Greystripe’s “Ad Wrap” technology here.
From… Continue Reading
SpectraGenics draws at least $20M for laser hair removal
SpectraGenics, a Pleasanton, Calif., developer of laser hair-removal devices for home use, raised at least $20 million in a fourth round of funding, VentureWire reports (subscription required). The round was led by De Novo Ventures and Technology Partners; other investors included Aphelion Capital, Incubic Venture Capital and SDL Ventures.
SpectraGenics, which still seems to be fairly stealthy, sells a version of its hair-removal device in Japan under the name i-epi. If you read Japanese, or just… Continue Reading