Velocity starts fund with Best Buy, gets new name
Velocity Interactive Group has already invested in a wide range of digital media companies, and it’s going to be doing more of that with the help of retailer Best Buy. The two are starting a fund together, targeting the same mobile, gaming, video, and other… Continue Reading
Pano Logic closes $6M more for virtual desktops
Pano Logic, a Menlo Park, Calif.-based provider of software and computing equipment used to run virtual Windows desktops from data centers, has brought in $6 million more, upping its second round of funding to $18 million. It already has a customer base of 150, including… Continue Reading
SpectraLinear nabs $9.8M for computing timers
SpectraLiner, a company that provides internal clocking devices used in computing and internet communications systems, has raised $9.84 million in third-round funding, according to peHUB. It hasn’t disclosed plans for the new money but currently has six products on the market.
The Santa Clara, Calif…. Continue Reading
Source: P2P startup SkyRider has shut down
Troubled peer-to-peer technology startup SkyRider has shut down, a reliable source tells me. I’ve reached out to the company for comment but haven’t heard back.
Mountain View, Calif-based SkyRider took a round of bridge financing last winter, as we reported then; NewTeeVee subsequently unearthed a… Continue Reading
Stealthy web publishing platform Crowd Fusion raises $3M from Velocity, Greycroft, Andreessen
How to publish on the web? Crowd Fusion, currently in stealth, is promising some fancy-sounding features like “Innovative content management, database management & performance evaluation/optimization tools” that has this web publisher interested in learning more. The big blogging platforms — Blogger, TypePad, Wordpress — offer… Continue Reading
Innotas, a project portfolio market company, gets $6M boost
Innotas, a company offering something called project portfolio management (PPM), has raised $6 million more in funding.
PPM is software designed to help groups tackle projects, with an eye toward managing resources and meeting goals. Where Salesforce has become a titan from selling customer relationship… Continue Reading
Storage company ONStor pulls IPO plan, raises $25M
ONStor, a data storage equipment maker that had hoped to go public, has pulled those plans and raised another $25 million from investors. We wrote about OnStor here when signaled its intent to go public, and mentioned the large number of storage companies that were… Continue Reading
Publish2 raises a round, aims to bring more journalists to the web
In recent years, many journalists (including myself) have experimented with web services intended to help journalism go online, and those efforts have failed.
We’d hoped that things like better newsroom software or local community sites would allow quality reporting to run efficiently and survive as… Continue Reading
Generate, a video creation shop, joins Velocity’s digital media portfolio
Generate is a two year old effort run by executives who have left their big companies for the startup life. The company creates compelling short videos on small budgets, that are distributed across the web, television and mobile devices.
The Santa Monica, Calif.-based company has… Continue Reading
Radar Networks receives $13M for Twine, plans to start opening in March
The funding round for Radar Networks that we briefly mentioned last week has been officially announced. It turns out that the company took $13 million more, and added Ross Levihnson, the former News Corp. exec and head of Myspace, to its board of directors.
We… Continue Reading
Radar Networks receives new funding for Twine
Radar Networks, the San Francisco semantic web startup, has received a fresh round of funding for development of its first application, Twine.
New investor Velocity Interactive Group participated in the round, according to Dan Primack at peHUB. We’ve also heard from our own sources that… Continue Reading
Velocity’s saga reveals the art of ripping up a VC partnership
Controversy has swirled around digital media-focused venture capital firm Velocity Interactive Group from its beginnings last year. Now, more details about the Silicon Valley-Los Angeles firm’s saga are being reported by PEHub.
The tale of Velocity shows how unnerving change is hitting the digital media… Continue Reading