Archive for April, 2011

Bamboom Labs Raises $4.5 Million In Seed Funding

Amit Chowdhry | April 15, 2011 | 516 views | Add a Comment
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Bamboom Labs is a company that develops technology for watching live TV on the Internet. Bamboom Labs has raised $4.5 million in seed funding led by FirstMark Capital. Other investors include High Line Venture Partners, SV Angel, Highland Capital Partners, and First Round Capital.

On-Demand Video Services Company Envivio Files For IPO

Amit Chowdhry | April 15, 2011 | 449 views | Add a Comment
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Envivio, Inc. is an on-demand video services company that has filed for a $69 million IPO. Envivio currently works with 220 service and content providers for delivering the on-demand video service. Envivio started in 2000 and is based in San Francisco, California. For the 12 months ended January 31, 2011, Envivio booked about $30 million in sales. They plan on listing on the NASDAQ under the symbol “ENVI.” Stifel Nicolaus Weisel and Piper Jaffray are the lead underwriters of the IPO. [Renaissance Capital]

Chinese Social Network Renren Files For U.S. IPO Under The Symbol “RENN”

Amit Chowdhry | April 15, 2011 | 1,631 views | Add a Comment
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In late February I wrote about how Chinese Facebook clone Renren.com has filed for an IPO in the U.S. Some additional details about the IPO has been disclosed now. Renren.com plans on raising up to $573.1 million in the IPO.

Brazilian Police Testing Criminal-Detecting Glasses For 2014 FIFA World Cup Preparation

Amit Chowdhry | April 15, 2011 | 441 views | Add a Comment
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To prepare for the 2014 FIFA World Cup, the military police in São Paulo and Rio de Janeiro are testing out criminal-detecting glasses. The glasses have cameras that are capable of detecting faces in crowds. The camera can analyze 46,000 biometric points at up to 400 faces per second. The camera then scans through a database of 13 million wanted people to see if there are any matches. The glasses can zoom in from 12 miles away, but will be typically used for managing crowds at within 50 meters. These glasses seem to be inspired by crime-fighting robot superhero RoboCop. [Engadget]

Bill Gates Did Not Get Gmail On First Impression

Amit Chowdhry | April 15, 2011 | 557 views | Add a Comment
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Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates was interviewed by author Steven Levy about six months after Gmail was launched. Levy detailed the interview in his book In The Plex. Gates did not understand why Gmail was offering 2 gigabytes of storage to users.

Garen Maguerian Files Class Action Lawsuit Against Apple Over In-App Purchases

Amit Chowdhry | April 15, 2011 | 510 views | Add a Comment
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Gargen Maguerian is a Pennsylvania resident that has filed a lawsuit against Apple Inc. (NASDAQ:AAPL) in a San Francisco U.S. District Court. Garen said that Apple deliberately targets kids with free applications that have appealing in app purchases. This ends up costing parents a lot of money.

Zipcar Stock Price Increases 56% On First Day Of Trading

Amit Chowdhry | April 15, 2011 | 538 views | 1 Comment
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The stock price of car-sharing company Zipcar Inc (NASDAQ:ZIP) has increased 56% on the first day of trading after the company’s expanded IPO. Based in Cambridge, Massachusetts, Zipcar raised $174.3 million in their IPO earlier this week. Zipcar’s opening stock price increased $10, settling to $28, after climbing to a high of $31.50. Zipcar operates in 14 metro areas and they have about 8,000 cars in their fleet. Zipcar plans on expanding in the U.S. and other international markets. Now Zipcar has a market value of $1.21 billion. [Bloomberg]

VideoSurf Raises $17 Million In Round Led By Pitango Venture Capital

Amit Chowdhry | April 15, 2011 | 623 views | Add a Comment
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Video search engine company VideoSurf has raised $16 million in a round of funding led by Pitango Venture Capital. VideoSurf is a five year old company that raised a total of $28 million. VideoSurf’s software can identify images within videos that it scans instead of video metadata. VideoSurf receives about 20 million unique visitors per month. [AllThingsD]

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