News Reading Application Pulse Raises $1 Million
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Alphonso Labs is a Palo Alto based company that created an application called Pulse. Alphonso raised $1 million in seed funding from Redpoint Ventures, Greycroft Partners, Mayfield Fund, and Lightspeed Venture Partners.
Pulse is a news reader for the iPad and iPhone that Steve Jobs mentioned during a product demo at the Worldwide developers conference. The New York Times complained to Apple that Pulse was infringing on their content so it was taken off the App Store. Later Apple realized that Pulse was simply an RSS reader and was not scraping content. Pulse was founded by CEO Akshay Kothari.