Amit Chowdhry | May 17, 2011 | 632 views | Add a Comment
Categorized under Dr. Christine Bear, Marshall Zhang

[Image credit: Tom Devecseri]
Marshall Zhang is an 11th grade student that received first place on Tuesday May 10th at the 2011 Sanofi-Aventis BioTalent Challenge. The Challenge is a content where students conduct research projects with mentor help. Zhang used a supercomputer to discover a potential treatment of the genetic disorder cystic fibrosis.

Amit Chowdhry | May 17, 2011 | 830 views | Add a Comment
Categorized under Datameer, Ellen Pao, Kleiner Perkins, Kleiner Perkins Caufield & Byers

Datameer is an analytics startup solutions company that was built on Apache Hadoop. Datameer has raised $9.25 million led by Kleiner Perkins with participation from Redpoint Ventures. Kleiner Perkins partner Ellen Pao will be joining the Datameer board of directors. Now Datameer has raised a total of $12 million.

Amit Chowdhry | May 16, 2011 | 796 views | Add a Comment
Categorized under Cameron Winklevoss, ConnectU, Divya Narendra, Facebook, Howard Rice, Jerome B. Falk Jr., Mark Zuckerberg, Noah S. Rosenthal, Sean M. SeLegue, Shaudy Danaye-Elmi, Tyler Winklevoss, U.S. Supreme Court

The Ninth Circuit Court of Appeals denied Tyler and Cameron Winklevoss’ request for rehearing their high-profile lawsuit against Facebook and Facebook CEO Mark Zuckerberg. Howard Rice, the lawyer for the twins, said that they intend to petition the lawsuit to the U.S. Supreme Court. Rice, the Winklevoss twins, and Divya Narenda want to invalidate a previous multi-million settlement due to suspicion for not receiving the true valuation of the social networking company at the time of the settlement. Below is a press release about the lawsuit:

Amit Chowdhry | May 16, 2011 | 398 views | Add a Comment
Categorized under Shavlik Technologies, VMware

VMware, Inc. (NYSE:VMW) has agreed to acquired cloud-based IT management company Shavlik Technologies. The financial terms of the acquisition is expected to be completed this year. Shavlik Technologies provides companies SaaS-based solutions. Shavlik also provides small-to-medium business manage and secure IT environments and cloud computing platforms. Shavlik has about 3,500 customers. [TechCrunchIT]
Amit Chowdhry | May 16, 2011 | 450 views | Add a Comment
Categorized under StackMob, Trinity Ventures, Ty Amell

StackMob is a cloud platform for mobile developers that was built into Heroku. StackMob has raised $7.5 million in a Series A round led by Trinity Ventures. StackMob allows mobile developers easy build a back-end cloud platform that allows them to manage their applications.

Amit Chowdhry | May 16, 2011 | 1,139 views | 1 Comment
Categorized under LinkedIn

Professional social network LinkedIn.com is going public on Thursday and they are looking to raise $274 million as part of the offering. The price of the shares will be launched at between $32-$35. This would give them about a $3 billion valuation. LinkedIn will be traded on the New York Stock Exchange under the symbol “LNKD.” In 2010, LinkedIn’s revenue doubled to $243 million and their net income was $15.4 million. [BusinessInsider]
Amit Chowdhry | May 16, 2011 | 634 views | Add a Comment
Categorized under Ari Balogh, Garrett Camp, Hadoop, HBase, StumbleUpon, Yahoo!

Ari Balogh is the former CTO and EVP of Products at Yahoo! Inc. (NASDAQ:YHOO). Now he is bringing his experience at a major Internet media company to Internet toolbar company StumbleUpon.com as the VP of engineering. He will have a major focus on the “recommendation technology” at StumbleUpon. Balogh will also be extending StumbleUpon’s development of the open-source Hadoop database HBase. Balogh will report to StumbleUpon CEO Garrett Camp. StumbleUpon has 15 million monthly users and hits one billion recommendations per month. StumbleUpon recently raised $17 million in funding after they spun out of eBay in 2009. eBay acquired StumbleUpon for $75 million in cash in 2007. [AllThingsD]
Amit Chowdhry | May 16, 2011 | 695 views | Add a Comment
Categorized under AT&T Attain, Samsung GALAXY S II, Sprint Within, T-Mobile, Verizon Function, Verizon Wireless, Wireless Xcessories Group

According to a leaked screenshot by an employee at Wireless Xcessories Group, Samsung has renamed the Galaxy S II for the U.S. launch. The phone will be named the AT&T Attain, the Verizon Function, and the Sprint Within. T-Mobile is left out as they were not listed in the leaked screenshot. [MobileCrunch]