True Ventures Posts

MessageMe Raises $1.9 Million And Is Sending 500 Notifications Per Second

MessageMe is a multimedia app that has hit 1 million users that is sending around 500 notifications per second.  The company has also raised $1.9 million in funding from True Ventures, First Round Capital, Google Ventures, SVAngel, Resolut.vc, Andreessen Horowitz, Greylock Partners, and Social+Capital Partnership.  MessageMe lets their users send videos (YouTube), music (iTunes) and doodles to each other to distinguish themselves from apps like Facebook and Apple iMessage.

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Urban Airship Raises $25 Million

Urban Airship is a mobile marketing solutions company that helps you improve customer engagement using push notifications and location-based marketing.  The service also offers mobile analytics.  Urban Airship recently expanded their services to help developers build an Apple Passbook app.  The company has raised $25 million in additional funding according to AllThingsD
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Enterprise OpenStack Company Piston Cloud Raises $8 Million

OpenStack is an open-source infrastructure-as-a-service (IaaS) cloud computing project that was released under the Apache License.  OpenStack enterprise company Piston Cloud has raised $8 million in Series B funding.  The Series B investors include new investors Cisco Systems, Data Collective, and Swisscom Ventures.  Existing investors Divergent Ventures, Hummer Winblad, and True Ventures also participated in this round.

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About.me Founders Buy Company Back From AOL, Raises $5.7 Million

About.me is a website that allows users to put up a digital business card with links to the social media profile.  The About.me website features a large picture as the wallpaper to give your digital business card a bit more personality.  About.me was sold to AOL two years ago and now the founders have bought it back.

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PayNearMe Raises $10 Million Led By August Capital

PayNearMe is a startup that has raised $10 million in Series D funding led by August Capital.  Other investors that participated include Khosla Ventures, Maveron, and True Ventures.  PayNearMe recently launched a new product called PayNearMe Express.  The company has a cash-based payments platform that lets businesses sign up to accept cash payments from PayNearMe customers.

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Yahoo! Acquires Video Chatting Startup OnTheAir

Yahoo! has acquired a startup called OnTheAir.  OnTheAir has been described as a “Skype meets Google+ Hangouts” type of service.  You can set up a channel about a certain subject and schedule liver conversations at any time.  You can also moderate who speaks.  OnTheAir can be connected to Facebook and Twitter so that you can share the time of the chat to your Facebook friends and Twitter followers.

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Urban Airship Acquires Tello To Enable Developers For Setting Up Apple Passbook Features

Mobile push messaging startup company Urban Airship has acquired Tello.  Tello will enable Urban Airship to offer an Apple Passbook management product for developers.  The price was not disclosed and it was an all-stock deal.

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Health Analytics App Company Ginger.io Raises $6.5 Million

Ginger.io is a health analytics startup company that  has announced that they have raised $6.5 million in Series A funding.  This round of funding was led by Khosla Ventures with participation from seed investors True Ventures and Romulus Capital.  Ginger.io actually became a company from a project that CEO Anmol Madan started at the MIT Media Lab.

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