Amit Chowdhry | December 1, 2011 | 256 views | Add a Comment
Categorized under Bobby Yazdani, Detroit Venture Partners, Doug Imbruce, Joe Zawadzki, Sociocast
Sociocast organizes billions of real-time and mobile behaviors every single day. This allows “companies to unlock the power of Big Data.” Sociocast has recently raised $1.5 million in funding and they plan on going after a bigger round in 2012.
Amit Chowdhry | May 14, 2009 | 599 views | Add a Comment
Categorized under Bobby Yazdani, DFJ Gotham, Foundry Group, Medialets
Since the time that the Apple App Store has launched, over 1 billion applications have been downloaded. Some of the applications are paid and some are free. The free applications have found a way to make money thanks to Medialets. Medialets has the ability to embed advertising banners and links on iPhone applications.
The advertising company that started last June in New York and has just announced their Series A funding of $4 million. The investment was led by Foundry Group. Other investors are DFJ Gotham and Bobby Yazdani. Medialets also has the ability to place advertisements on applications built for the Google Android operating system.
Medialets CEO Eric Litman believes that the mobile advertising industry will top at around $300 million but will hit reach as high as $400 million in the next four years.
[via AllThingsD]
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