Archive for April, 2011

Mobile Analytics Company Locaytics Raises $2.5 Million

Amit Chowdhry | April 19, 2011 | 357 views | Add a Comment
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Localytics is a mobile analytics company that has raised $2.5 million in a new round of funding. Localytics is a company that graduated from the TechStars Boston incubator program in 2009. The investors in this round include Launchpad Venture Group, New York Angels, and Hub Angels. Now Localytics has over $3 million in funding.

U.S. ITC Staff Recommends HTC and Nokia Not Be Liable For Infringing

Amit Chowdhry | April 19, 2011 | 562 views | Add a Comment
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The U.S. International Trade Commission said that HTC and Nokia should not be found liable for infringing on Apple’s patents. Staff lawyer Erin Joffre disclosed their position on the matter during the ITC trial in Washington earlier this week. Apple is seeking that HTC mobile phones running on the Google Android operating system should be banned along with some of Nokia’s devices.

Digital Coupon Service SavingStar Raises $7 Million

Amit Chowdhry | April 19, 2011 | 314 views | Add a Comment
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SavingStar is a digital coupon service that has raised $7 million in venture capital funding. SavingStar distributes coupons on every day groceries such as fabric softener, juice, and milk. Users are asked to select a monthly distribution of items from a free smartphone application. They can end up saving an average of $1 per item when using their grocery store or drug store loyalty cards. The savings also can be applied to bank accounts, PayPal, Amazon.com gift cards, or the tree preservation charity American Forests.

Mobile Commerce Company Digby Raises $8 Million

Amit Chowdhry | April 19, 2011 | 495 views | Add a Comment
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Digby is a mobile commerce company that has raised $8 million in Series C funding led by Battery Ventures. RIM’s BlackBerry Partners Fund, S3 Ventures, and Daylight Partners also participated in this round. Based in Austin, Texas, Digby has raised a total of $16 million. Digby’s mobile commerce platform allows retail companies to easily add their inventory for purchase on smartphones. Some of their clients include Costco, Toys “R” Us, and The Home Depot. Digby also has a deal with AT&T their mobile commerce software platform for developers. [RetailCustomerExperience]

Concur Investing $40 Million Into Online Travel Portal Cleartrip

Amit Chowdhry | April 19, 2011 | 510 views | 1 Comment
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Concur Technologies is investing $40 million in Indian online travel website Cleartrip.com. Cleartrip is similar to Kayak.com, but intended for the travel market in India. Cleartrip launched in 2006 and they have received venture capital from Kleiner Perkins Caufield & Byers, DVJ, DAG Ventures, and Sherpalo Ventures.

Groupon Acquires Pelango, Makers Of Whrrl Mobile App

Amit Chowdhry | April 19, 2011 | 565 views | 1 Comment
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Pelango, the mobile application development company that created Whrrl, has been acquired by Groupon. Whrrl allows users to check in to locations and discover new places. Pelango founder Jeff Holden will become an executive of Groupon’s product development team as part of the acquisition. The terms of the deal were undisclosed.

Bidmyway Parent Company Elite Media Worx Raises $1.35 Million In Funding

Amit Chowdhry | April 19, 2011 | 621 views | Add a Comment
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Elite Media Worx is a start-up company that built a local deals auction website called Bidmyway. The company has raised $1.35 million in funding. The company is being coined an “eBay for deal-of-the-day sites.” Four Holdings Direction was the lead investor. EMC Precision President Brad Ohlemacher also participated in this round of funding.

Apple iPhone 5 Expected To Have 8 Megapixel Rear Camera

Amit Chowdhry | April 19, 2011 | 684 views | Add a Comment
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Concord Securities analyst Ming-Chi Kuo had checked with supply chain sources to learn more details about the Apple iPhone 5. The sources revealed that the iPhone 5 will not feature a new design. IT will have only “slight modifications” of the iPhone 4. The modifications will include an 8 megapixel rear camera and Qualcomm baseband for GSM and CDMA models. Other analysts are speculating that the iPhone 5 will have NFC (near field communications) technology built in.

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