Forterra Systems raising $10 million round for corporate virtual worlds
With the popularity of virtual worlds like Second Life, enterprises and other organizations are taking an interest in creating virtual environments to communicate better.
Menlo Park, Calif.-based Forterra Systems helps create virtual worlds for corporations, government agencies, and healthcare industries. The company is in the midst of raising $10 million in venture funding, according to an interview with CEO David Ralston on Venture Wire.
Digg woes, Segway’s expansion, Second Life hacked, Chinese grass & more
(Update: Corrected name of company acquired by News Corp. It was Newroo)
Roundup of latest Silicon Valley action:
One of Digg’s top diggers, p9, has quit, and Netscape is grinning — When Kevin Rose, founder of the news-ranking site, Digg, said he wanted to make the voting process for stories more democratic, he apparently alienated some of the site’s top users. One top digger has left, and slammed the door loudly in protest. Here’s a good description of… Continue Reading