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Archive

Posts Tagged ‘deals’

YC-backed Pixate nets $3.8M from Accel to make native app development easier

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA

Tickets On Sale Now

software maker Pixate has raised $3.8 million in to help companies and individuals create fresh native apps without as much coding or hassle.

Palo Alto, Calif.-based Pixate’s free flagship “Pixate Engine for iOS” claims it “drastically” reduces the amount of code needed to build a native apo for iOS. Pixate Engine offers native CSS and graphics engines and it can let devs do things like change design elements in an app without having to re-submit it to an app store.

Pixate was a member of Y Combinator’s summer 2012 class and raised some funding through a Kickstarter campaign in August 2012. The company then launched to the public this past January.

Since launch, Pixate claims to have attracted “hundreds” of paid customers that have integrated the Pixate Engine to help build their interfaces. While the basic Pixate Engine is free, it also offers “premium” paid features.

“The best mobile companies will be native first,” Pixate CEO Paul Colton said in a statement. “Rather than having an app be a ‘black box,’ Pixate enables the decoupling of styling and design from the application’s core logic; this is critical for those that want to iterate their way towards the optimal user experience, engagement — and ultimately, conversion.”

The new funding was led by hotshot VC firm Accel Partners.

“Today’s native application development experience is far removed from the web world, but Pixate changes this with a platform that allows developers to build and iterate on UI faster and more efficiently than ever before,” Accell partner Andrew Braccia said in a statement.

On top of the funding, Pixate has launched “Pixate Labs,” which will give developers early access to other products Pixate is working on.

Check out the video below for more on Pixate.

Filed under: Deals, Mobile

    

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TechMediaNetwork beefs up with acquisition of Tom’s Hardware parent

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
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TechMedia Network, the parent company of Laptop Magazine and Space.com, just added another hot techie vertical to its portfolio: Tom’s Hardware.

TMN announced today that it had acquired Bestofmedia Group (BOM), the parent company of Tom’s Hardware, Tom’s IT Pro, and Tom’s Guide. Tom’s Hardware is an uber-gadget-geek’s gadget geek site, with extremely detailed, low-level reviews of computer hardware. It may be difficult going for non-geeks, but for those who need to know which motherboard has the best performance or what the exact differences are between Intel’s Core i7-4960X and Intel’s LGA-1155 Ivy Bridge chips, Tom’s has built up trust over more than a decade of reviews and analysis. More recently, it boasted that its unique visitors count has grown 85 percent in 10 months, with more than 3 million “active users,” although it didn’t define the exact size of its monthly audience or what it meant by active users.

The combination makes TechMedia Network the third-largest publisher of technology news online, after CNET. It claims that it will reach 72 million people every month after the acquisition.

The company didn’t specify the terms of the acquisition, but a spokesperson stated that it was a majority stock transaction, meaning it’s more like a merger than an outright acquisition.

Greg Mason, CEO of Techmedia Group
TechMedia Group

Greg Mason, CEO of Techmedia Group

“The Bestofmedia Group investors are wholly invested in the value that we think we can create with the combined businesses in the next couple of years. This was not an asset sale,” said TMN chief executive Greg Mason.

What’s more, we’re hearing that TMN is quite profitable, thanks to its ability to incorporate e-commerce into its site in addition to the advertising revenues that are most media companies’ bread and butter.

TMN took a $33 million Series B investment in 2011, from ABS Capital Partners, Village Ventures, and Highway 12 Ventures. It is based in New York.

BOM, founded in 2000, is based in Paris. It last took a $35 million round led by Index Ventures in 2008.


Filed under: Deals, Media
    


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TechMediaNetwork beefs up with acquisition of Tom’s Hardware parent

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

TechMedia Network, the parent company of Laptop Magazine and Space.com, just added another hot techie vertical to its portfolio: Tom’s Hardware.

TMN announced today that it had acquired Bestofmedia Group (BOM), the parent company of Tom’s Hardware, Tom’s IT Pro, and Tom’s Guide. Tom’s Hardware is an uber-gadget-geek’s gadget geek site, with extremely detailed, low-level reviews of computer hardware. It may be difficult going for non-geeks, but for those who need to know which motherboard has the best performance or what the exact differences are between Intel’s Core i7-4960X and Intel’s LGA-1155 Ivy Bridge chips, Tom’s has built up trust over more than a decade of reviews and analysis. More recently, it boasted that its unique visitors count has grown 85 percent in 10 months, with more than 3 million “active users,” although it didn’t define the exact size of its monthly audience or what it meant by active users.

The combination makes TechMedia Network the third-largest publisher of technology news online, after CNET. It claims that it will reach 72 million people every month after the acquisition.

The company didn’t specify the terms of the acquisition, but a spokesperson stated that it was a majority stock transaction, meaning it’s more like a merger than an outright acquisition.

Greg Mason, CEO of Techmedia Group
TechMedia Group

Greg Mason, CEO of Techmedia Group

“The Bestofmedia Group investors are wholly invested in the value that we think we can create with the combined businesses in the next couple of years. This was not an asset sale,” said TMN chief executive Greg Mason.

What’s more, we’re hearing that TMN is quite profitable, thanks to its ability to incorporate e-commerce into its site in addition to the advertising revenues that are most media companies’ bread and butter.

TMN took a $33 million Series B investment in 2011, from ABS Capital Partners, Village Ventures, and Highway 12 Ventures. It is based in New York.

BOM, founded in 2000, is based in Paris. It last took a $35 million round led by Index Ventures in 2008.


Filed under: Deals, Media
    


Tags: , , , , ,

TechMediaNetwork beefs up with acquisition of Tom’s Hardware parent

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

TechMedia Network, the parent company of Laptop Magazine and Space.com, just added another hot techie vertical to its portfolio: Tom’s Hardware.

TMN announced today that it had acquired Bestofmedia Group (BOM), the parent company of Tom’s Hardware, Tom’s IT Pro, and Tom’s Guide. Tom’s Hardware is an uber-gadget-geek’s gadget geek site, with extremely detailed, low-level reviews of computer hardware. It may be difficult going for non-geeks, but for those who need to know which motherboard has the best performance or what the exact differences are between Intel’s Core i7-4960X and Intel’s LGA-1155 Ivy Bridge chips, Tom’s has built up trust over more than a decade of reviews and analysis. More recently, it boasted that its unique visitors count has grown 85 percent in 10 months, with more than 3 million “active users,” although it didn’t define the exact size of its monthly audience or what it meant by active users.

The combination makes TechMedia Network the third-largest publisher of technology news online, after CNET. It claims that it will reach 72 million people every month after the acquisition.

The company didn’t specify the terms of the acquisition, but a spokesperson stated that it was a majority stock transaction, meaning it’s more like a merger than an outright acquisition.

Greg Mason, CEO of Techmedia Group
TechMedia Group

Greg Mason, CEO of Techmedia Group

“The Bestofmedia Group investors are wholly invested in the value that we think we can create with the combined businesses in the next couple of years. This was not an asset sale,” said TMN chief executive Greg Mason.

What’s more, we’re hearing that TMN is quite profitable, thanks to its ability to incorporate e-commerce into its site in addition to the advertising revenues that are most media companies’ bread and butter.

TMN took a $33 million Series B investment in 2011, from ABS Capital Partners, Village Ventures, and Highway 12 Ventures. It is based in New York.

BOM, founded in 2000, is based in Paris. It last took a $35 million round led by Index Ventures in 2008.


Filed under: Deals, Media
    


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Shervin Pishevar, Scott Stanford raising $150M for Sherpa Ventures Fund

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

shervin pishevarSherpa is raising a $150 million called the Sherpa Ventures Fund that will take a new approach to early-stage startup investments.

Sherpa is the project of two Silicon Valley heavyweights — Menlo Ventures parter Shervin Pishevar and managing director at Goldman Sachs Scott Stanford. News came out earlier this year that the duo was starting a new company to build and support startups.

Details are still vague, but we do know that the Foundry will be a sort of incubator program-meets-startup studio. Participants will dream up new ideas and attempt to turn them into successful companies. AllThingsD reported in February that The Foundry would be funded by a number of strategic corporations and well-known entrepreneur partners. The Sherpa Ventures Fund will support those new companies

Pishevar is a well-known and well-liked figure in the startup scene. He founded multiple startups, worked as chief application officer at Mozilla Corporation, and was an active angel investor before joining Menlo Ventures as a managing partner in 2011. Menlo had $4 billion in assets and mainly focused its investments on less “sexy” areas of technology like enterprise software and networking solutions. Pishevar was brought on to help Menlo dive into the consumer and social Web. He told the New York Times that he hoped to create a “people-focused” incubator at Menlo to “develop a structure and methodology that can help incredible founders scale across the stages” and formed the $20 million Menlo Talent Fund.

Pishevar went on to make a series of hot investments, including Uber, Fab, Milk, TaskRabbit, Warby Parker, and Tumblr. As an angel investor, he has invested in over 50 companies and had many of investments exit to companies like Google, Facebook, eBay, and LinkedIn. He is also one of the 10 members of the UN Foundation’s Global Entrepreneurship Council, and serves as a consultant to the State Department and White House on entrepreneurship. The man is undoubtedly an expert on startups and venture capital. Stanford has notable experience as well, and was involved in Goldman Sachs’ investments in Facebook, Uber, and LinkedIn.

The venture capital model and accelerator model have come under fire recently. Last year, the Kauffman Foundation issued a report, which found that venture capital has delivered poor returns for more than a decade, and haven’t significantly outperformed the public market since the last 1990s. Since 1997, less cash has been returned to investors than has been invested in VC, and speculation is that “VC is broken.” The report, of course, sent ripples through a community that puts VCs on a pedestal, and set off discussions about how to change this model to yield higher returns.

One notable shift is that firms are getting more deeply involved with their portfolio companies. Andreessen Horowitz established a variety of in-house services dedicated to helping entrepreneurs, and firms like Upfront Partners and First Round Capital recently announced major content initiatives to bring greater levels of transparency and communication to startup building. Furthermore, accelerators and incubators have proliferated over the past couple years across multiple verticals and geographies in an effort to give entrepreneurs the support they need to thrive. There has also been a string of startup “foundries, “studios” and/or “labs” like Betaworks, Monkey Inferno, and Obvious Corp that take a hybrid approach.

Sherpa is at the center of these trends, as well as that of “company building”  and will bring its own unique approach to creating a new generation of startup success stories. Pishevar will stay on at Menlo as a venture advisor. Sherpa has not yet responded to request for comment.


Filed under: Business, Deals, Entrepreneur Tags: , , , , , , , ,

Shervin Pishevar, Scott Stanford raising $150M for Sherpa Ventures Fund

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

shervin pishevarSherpa is raising a $150 million called the Sherpa Ventures Fund that will take a new approach to early-stage startup investments.

Sherpa is the project of two Silicon Valley heavyweights — Menlo Ventures parter Shervin Pishevar and managing director at Goldman Sachs Scott Stanford. News came out earlier this year that the duo was starting a new company to build and support startups.

Details are still vague, but we do know that the Foundry will be a sort of incubator program-meets-startup studio. Participants will dream up new ideas and attempt to turn them into successful companies. AllThingsD reported in February that The Foundry would be funded by a number of strategic corporations and well-known entrepreneur partners. The Sherpa Ventures Fund will support those new companies

Pishevar is a well-known and well-liked figure in the startup scene. He founded multiple startups, worked as chief application officer at Mozilla Corporation, and was an active angel investor before joining Menlo Ventures as a managing partner in 2011. Menlo had $4 billion in assets and mainly focused its investments on less “sexy” areas of technology like enterprise software and networking solutions. Pishevar was brought on to help Menlo dive into the consumer and social Web. He told the New York Times that he hoped to create a “people-focused” incubator at Menlo to “develop a structure and methodology that can help incredible founders scale across the stages” and formed the $20 million Menlo Talent Fund.

Pishevar went on to make a series of hot investments, including Uber, Fab, Milk, TaskRabbit, Warby Parker, and Tumblr. As an angel investor, he has invested in over 50 companies and had many of investments exit to companies like Google, Facebook, eBay, and LinkedIn. He is also one of the 10 members of the UN Foundation’s Global Entrepreneurship Council, and serves as a consultant to the State Department and White House on entrepreneurship. The man is undoubtedly an expert on startups and venture capital. Stanford has notable experience as well, and was involved in Goldman Sachs’ investments in Facebook, Uber, and LinkedIn.

The venture capital model and accelerator model have come under fire recently. Last year, the Kauffman Foundation issued a report, which found that venture capital has delivered poor returns for more than a decade, and haven’t significantly outperformed the public market since the last 1990s. Since 1997, less cash has been returned to investors than has been invested in VC, and speculation is that “VC is broken.” The report, of course, sent ripples through a community that puts VCs on a pedestal, and set off discussions about how to change this model to yield higher returns.

One notable shift is that firms are getting more deeply involved with their portfolio companies. Andreessen Horowitz established a variety of in-house services dedicated to helping entrepreneurs, and firms like Upfront Partners and First Round Capital recently announced major content initiatives to bring greater levels of transparency and communication to startup building. Furthermore, accelerators and incubators have proliferated over the past couple years across multiple verticals and geographies in an effort to give entrepreneurs the support they need to thrive. There has also been a string of startup “foundries, “studios” and/or “labs” like Betaworks, Monkey Inferno, and Obvious Corp that take a hybrid approach.

Sherpa is at the center of these trends, as well as that of “company building”  and will bring its own unique approach to creating a new generation of startup success stories. Pishevar will stay on at Menlo as a venture advisor. Sherpa has not yet responded to request for comment.


Filed under: Business, Deals, Entrepreneur Tags: , , , , , ,

Shervin Pishevar, Scott Stanford raising $150M for Sherpa Ventures Fund

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

shervin pishevarSherpa is raising a $150 million called the Sherpa Ventures Fund that will take a new approach to early-stage startup investments.

Sherpa is the project of two Silicon Valley heavyweights — Menlo Ventures parter Shervin Pishevar and managing director at Goldman Sachs Scott Stanford. News came out earlier this year that the duo was starting a new company to build and support startups.

Details are still vague, but we do know that the Foundry will be a sort of incubator program-meets-startup studio. Participants will dream up new ideas and attempt to turn them into successful companies. AllThingsD reported in February that The Foundry would be funded by a number of strategic corporations and well-known entrepreneur partners. The Sherpa Ventures Fund will support those new companies

Pishevar is a well-known and well-liked figure in the startup scene. He founded multiple startups, worked as chief application officer at Mozilla Corporation, and was an active angel investor before joining Menlo Ventures as a managing partner in 2011. Menlo had $4 billion in assets and mainly focused its investments on less “sexy” areas of technology like enterprise software and networking solutions. Pishevar was brought on to help Menlo dive into the consumer and social Web. He told the New York Times that he hoped to create a “people-focused” incubator at Menlo to “develop a structure and methodology that can help incredible founders scale across the stages” and formed the $20 million Menlo Talent Fund.

Pishevar went on to make a series of hot investments, including Uber, Fab, Milk, TaskRabbit, Warby Parker, and Tumblr. As an angel investor, he has invested in over 50 companies and had many of investments exit to companies like Google, Facebook, eBay, and LinkedIn. He is also one of the 10 members of the UN Foundation’s Global Entrepreneurship Council, and serves as a consultant to the State Department and White House on entrepreneurship. The man is undoubtedly an expert on startups and venture capital. Stanford has notable experience as well, and was involved in Goldman Sachs’ investments in Facebook, Uber, and LinkedIn.

The venture capital model and accelerator model have come under fire recently. Last year, the Kauffman Foundation issued a report, which found that venture capital has delivered poor returns for more than a decade, and haven’t significantly outperformed the public market since the last 1990s. Since 1997, less cash has been returned to investors than has been invested in VC, and speculation is that “VC is broken.” The report, of course, sent ripples through a community that puts VCs on a pedestal, and set off discussions about how to change this model to yield higher returns.

One notable shift is that firms are getting more deeply involved with their portfolio companies. Andreessen Horowitz established a variety of in-house services dedicated to helping entrepreneurs, and firms like Upfront Partners and First Round Capital recently announced major content initiatives to bring greater levels of transparency and communication to startup building. Furthermore, accelerators and incubators have proliferated over the past couple years across multiple verticals and geographies in an effort to give entrepreneurs the support they need to thrive. There has also been a string of startup “foundries, “studios” and/or “labs” like Betaworks, Monkey Inferno, and Obvious Corp that take a hybrid approach.

Sherpa is at the center of these trends, as well as that of “company building”  and will bring its own unique approach to creating a new generation of startup success stories. Pishevar will stay on at Menlo as a venture advisor. Sherpa has not yet responded to request for comment.


Filed under: Business, Deals, Entrepreneur Tags: , , , , , , , ,

Funding Daily: I wanna get physical

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

Today’s funding news was all about the analog, from snail mail to 3D printing to chip hardware.

We love us some hardware around here, if you haven’t noticed. In the immortal words of the divine Olivia Newton-John, “You gotta know that you’re bringin’ out the animal in me.”

Here goes:

Altair Semiconductor raises $25M

Altair Semiconductor’s LTE-only chipsets don’t have the added expense of 3G connectivity, which means they’re both cheaper and more power efficient than competing LTE + 3G chipsets from Qualcomm. Investors are keen on Altair’s vision: The company announced today that it has raised $25 million in an internal round of funding, bringing its total funds to more than $100 million. Existing investors Bessemer, BRM, Giza, Pacific Technology, and JVP participated in the round. Read the full story on VentureBeat.

Read more at http://venturebeat.com/2013/07/01/altair-semiconductor-raises-25m-for-cheap-efficient-lte-chipsets/#sOix14eFSViLjDtC.99

Outbox gets $5M

Outbox might be one of the only strangers you actually let open your mail for you. The company got $5 million in its first round of funding today. The service, which launched in SF in February, will pick up your mail for you, sort through it, and then upload pictures of what you received to an app or your account on its website. From there you can choose to either discard the mail, “unsubscribe” from junk mail, prioritize specific senders, and have letters re-delivered to you. Evidently, they’ll even bring it to you in a Prius. Read the full story on VentureBeat.

Buccaneer closes $1.4

The Buccaneer 3D printer closed its Kickstarter campaign over the weekend, having raised $1,438,765 in 30 days. That’s nearly 15 times the original goal of $100,000. Designer Pirate3D plans to ship the printer to more than 3,000 people between December and April. Backers bought the machine for $247 or $347–an ultra-low price compared to other brands, such as the MakerBot Replicator 2 and Formlabs Form 1 that cost thousands of dollars. Read the full story on GigaOm.

RollApp scores $1M

One year after its launch, RollApp has raised $1 million of funding to build out its platform for running Windows and Linux apps on any device with a web browser (yes, even the iPad). RollApp debuted last year at the DEMO Spring conference by showing off how its technology can run Open Office applications on the iPad. Now, with its traffic up 50-fold, in the last eight months, the company will use the funding to push its technology out of beta and towards mainstream users. Read the full story on VentureBeat.


Filed under: Deals Tags: ,

Funding Daily: I wanna get physical

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

Today’s funding news was all about the analog, from snail mail to 3D printing to chip hardware.

We love us some hardware around here, if you haven’t noticed. In the immortal words of the divine Olivia Newton-John, “You gotta know that you’re bringin’ out the animal in me.”

Here goes:

Altair Semiconductor raises $25M

Altair Semiconductor’s LTE-only chipsets don’t have the added expense of 3G connectivity, which means they’re both cheaper and more power efficient than competing LTE + 3G chipsets from Qualcomm. Investors are keen on Altair’s vision: The company announced today that it has raised $25 million in an internal round of funding, bringing its total funds to more than $100 million. Existing investors Bessemer, BRM, Giza, Pacific Technology, and JVP participated in the round. Read the full story on VentureBeat.

Read more at http://venturebeat.com/2013/07/01/altair-semiconductor-raises-25m-for-cheap-efficient-lte-chipsets/#sOix14eFSViLjDtC.99

Outbox gets $5M

Outbox might be one of the only strangers you actually let open your mail for you. The company got $5 million in its first round of funding today. The service, which launched in SF in February, will pick up your mail for you, sort through it, and then upload pictures of what you received to an app or your account on its website. From there you can choose to either discard the mail, “unsubscribe” from junk mail, prioritize specific senders, and have letters re-delivered to you. Evidently, they’ll even bring it to you in a Prius. Read the full story on VentureBeat.

Buccaneer closes $1.4

The Buccaneer 3D printer closed its Kickstarter campaign over the weekend, having raised $1,438,765 in 30 days. That’s nearly 15 times the original goal of $100,000. Designer Pirate3D plans to ship the printer to more than 3,000 people between December and April. Backers bought the machine for $247 or $347–an ultra-low price compared to other brands, such as the MakerBot Replicator 2 and Formlabs Form 1 that cost thousands of dollars. Read the full story on GigaOm.

RollApp scores $1M

One year after its launch, RollApp has raised $1 million of funding to build out its platform for running Windows and Linux apps on any device with a web browser (yes, even the iPad). RollApp debuted last year at the DEMO Spring conference by showing off how its technology can run Open Office applications on the iPad. Now, with its traffic up 50-fold, in the last eight months, the company will use the funding to push its technology out of beta and towards mainstream users. Read the full story on VentureBeat.


Filed under: Deals Tags: ,

Funding Daily: I wanna get physical

July 1st, 2013 No comments
MobileBeat 2013
July 9-10, 2013
San Francisco, CA
Tickets On Sale Now

Today’s funding news was all about the analog, from snail mail to 3D printing to chip hardware.

We love us some hardware around here, if you haven’t noticed. In the immortal words of the divine Olivia Newton-John, “You gotta know that you’re bringin’ out the animal in me.”

Here goes:

Altair Semiconductor raises $25M

Altair Semiconductor’s LTE-only chipsets don’t have the added expense of 3G connectivity, which means they’re both cheaper and more power efficient than competing LTE + 3G chipsets from Qualcomm. Investors are keen on Altair’s vision: The company announced today that it has raised $25 million in an internal round of funding, bringing its total funds to more than $100 million. Existing investors Bessemer, BRM, Giza, Pacific Technology, and JVP participated in the round. Read the full story on VentureBeat.

Read more at http://venturebeat.com/2013/07/01/altair-semiconductor-raises-25m-for-cheap-efficient-lte-chipsets/#sOix14eFSViLjDtC.99

Outbox gets $5M

Outbox might be one of the only strangers you actually let open your mail for you. The company got $5 million in its first round of funding today. The service, which launched in SF in February, will pick up your mail for you, sort through it, and then upload pictures of what you received to an app or your account on its website. From there you can choose to either discard the mail, “unsubscribe” from junk mail, prioritize specific senders, and have letters re-delivered to you. Evidently, they’ll even bring it to you in a Prius. Read the full story on VentureBeat.

Buccaneer closes $1.4

The Buccaneer 3D printer closed its Kickstarter campaign over the weekend, having raised $1,438,765 in 30 days. That’s nearly 15 times the original goal of $100,000. Designer Pirate3D plans to ship the printer to more than 3,000 people between December and April. Backers bought the machine for $247 or $347–an ultra-low price compared to other brands, such as the MakerBot Replicator 2 and Formlabs Form 1 that cost thousands of dollars. Read the full story on GigaOm.

RollApp scores $1M

One year after its launch, RollApp has raised $1 million of funding to build out its platform for running Windows and Linux apps on any device with a web browser (yes, even the iPad). RollApp debuted last year at the DEMO Spring conference by showing off how its technology can run Open Office applications on the iPad. Now, with its traffic up 50-fold, in the last eight months, the company will use the funding to push its technology out of beta and towards mainstream users. Read the full story on VentureBeat.


Filed under: Deals Tags: ,

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