WiMax chip provider Beceem raises $20M
Beceem Communications, one of the top providers of WiMax chipsets, announced that it’s brought in $20 million in a fifth round of funding to scale its manufacturing operations.
The round was led by Motorola and included Global Catalyst Partners, Khosla Ventures, KTB Ventures, Walden International, Intel Capital, NEC, Mitsui and Samsung. Beceem, based in Santa Clara, Calif., has raised $110 million to date.
Meebo partners with Hearst Magazines Digital Media, teen girls rejoice and chat
Meebo, the company that powers social interaction through instant messaging and group chat on its own and partner sites, has partnered with Hearst Magazines Digital Media, a unit of Hearst Magazines. Seventeen.com and Popularmechanics.com are two of the digital media properties that are integrating Meebo’s chat and instant messaging services to drive users to the sites and create active, passionate communities.
The key reason Hearst entered the deal is to increase engagement on its sites, according… Continue Reading
Brightstorm nabs $6M, launches into the booming online education market
While politicians spend plenty of time arguing over education, parents and students seem to be resigned: Public school just doesn’t cut it. As demand for alternate instruction rises, new Internet offerings are blooming. The latest is Brightstorm, which today announced $6 million in first-round financing from Korean investor KTB Ventures.
San Francisco-based Brightstorm makes educational videos focused on specific subjects, like algebra, writing and the SAT. Each “course” is composed of about 15-20 episodes, each running… Continue Reading
Rosum raises $15 million for mobile GPS alternatives
Rosum has raised $15 million to invest in its navigation technology which is an alternative to global positioning system (GPS).
The Redwood City, Calif., company uses signals embedded in broadcast TV signals to fix the location of different moving objects. It serves as an alternative to GPS because it works in areas where GPS devices can’t get a clear view of satellites in the sky.
The company is focusing its efforts on femtocell, voice-over-Internet protocol (VoIP), and… Continue Reading
IGA raises $25 million to capture future in-game ad market
IGA Worldwide, a New York-based provider of advertising that appears within video games, has raised $25 million from a collection of venture capital, private equity and large media firms.
The potential market for in-game advertising is big, even as some analysts trying to measure it are prone to hype. It made only $55 million last year, but is expected to pass $800 million in 2012 with total video game ad spending reaching $2 billion that year,… Continue Reading
Beceem raises $40M more for mobile WiMax offering
Santa Clara’s Beceem Communications, a leading provider of WiMax chips for mobile phones, said it has raised more than $40 million in a fourth round of financing, and may raise more.
The promise of WiMax is that it ranges as far as 10 miles, while WiFi reaches only a few hundred feet. It’s challenge is that is just now being rolled out, and so it is untested in most of the world. Intel wants to use… Continue Reading