Archive for May, 2010

T2 Biosystems Raises $15 Million In Equity

Amit Chowdhry | May 25, 2010 | 657 views | Add a Comment
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T2 Biosystems Inc. has raised $15 million from 9 different investors. The company plans to use the funding to accelerate development and commercialization for its diagnostic platform. The investment round was led by Physic Ventures. Other investors include Arcus Ventures, RA Capital Management LLC, Camros Capital LLC, WS Investments Company, Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, and Partners Healthcare of Boston. T2 Biosystems raised $10.8 million in Series B financing two years ago. [Bizjournals]

Volkswagen Acquires Italdesign Giugiaro

Amit Chowdhry | May 25, 2010 | 674 views | Add a Comment
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Volkswagen has acquired Giorgetto Giugiaro’s Italdesign. Volkswagen Group bought a 90.1% stake in IDG. Now Volkswagen owns IDG’s stake in brand name rights and patents. Audi’s Italian subsidiary Lamborghini Holding S.p.A. was responsible for the acquisition. The Giugiaro family will keep the remaining 9.9% share. [TheTruthAboutCars]

Wine Enthusiast Website Vinfolio Raises Funding From Steve Case

Amit Chowdhry | May 25, 2010 | 677 views | Add a Comment
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Wine enthusiast website Vinfolio.com has raised funding from AOL co-founder Steve Case. Vinfolio has information about wine selling and buying, featured wines, new cellars, and special promotions. Below is the full press release.

Carl Icahn Buys 8.5% Stake In Lawson Software

Amit Chowdhry | May 25, 2010 | 959 views | Add a Comment
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Carl C. Icahn has acquired an 8.5% stake in Lawson Software, Inc. (NASDAQ:LWSN). Icahn now plans to discuss the business operations with Lawson’s management. Icahn is also currently in a battle for taking over Lions Gate Entertainment. Icahn said he bought stake in the company because he felt that the shares were undervalued. [NY Times]

Yahoo! Acquires Koprol – The Asian Foursquare

Amit Chowdhry | May 25, 2010 | 408 views | Add a Comment
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Yahoo! Inc. (NASDAQ:YHOO) has acquired location-based service Koprol. It is an Asian version of Foursquare. Koprol is based in Jakarta, Indonesia. Koprol also lets you check-in to locations through mobile phones. The service is a web application so smartphones are not needed. However Koprol recently announced a Blackberry application. [TechCrunch]

Google Hires Ruba Team

Amit Chowdhry | May 25, 2010 | 528 views | Add a Comment
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Google has hired the team behind online travel guide website Ruba.com. The team behind Ruba will be working on iGoogle and other projects.

Apple Hits Over 200,000 iPad Sales Per Week

Amit Chowdhry | May 25, 2010 | 886 views | Add a Comment
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Apple Inc. (NASDAQ:AAPL) has been selling over 200,000 iPads per week. These figures represent a number that is higher than Mac computer sales. The iPhone 3GS is estimated to be selling 246,000 per week. RBC Capital Markets analyst Mike Abramsky also speculates that the next generation iPhone (codenamed: iPhone HD) could sell 23 million units.

List of Over 100 Twitter Tools Worth Checking Out (Including How To Guides, Photo Services, Search, Etc)

Amit Chowdhry | May 24, 2010 | 6,328 views | 2 Comments
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Twitter has a huge ecosystem built around the service which easily helped lead the growth of the micro-blogging service. There are hundreds of tools out there that can be used if you are a Twitter enthusiast or even a Twitter beginner. Below I have compiled a list of some of the most useful tools and categorized them. If there are any that I have missed, please let us know in the comments.

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