Posts Tagged ‘M From’

After Android Trial, Google Demands $4M From Oracle

July 6th, 2012 07:22 admin View Comments


MikeatWired writes “Google is seeking $4 million from Oracle to cover the costs it incurred during this spring’s epic legal battle over the Android mobile operating system, reports Caleb Garling. In a brief filed with in federal court on Thursday night, Google lead counsel Robert Van Nest argued that Oracle is required to pay his company’s legal costs because judge and jury ruled in favor of Google on almost every issue during the six-week trial. ‘Google prevailed on a substantial part of the litigation,’ read Google’s brief. ‘[Oracle] recovered none of the relief it sought in this litigation. Accordingly, Google is the prevailing party and is entitled to recover costs.’ Google has not publicly revealed an itemized list of its expenses, but the total bill included $2.9 million spent copying and organizing documents. According to the brief, the company juggled a mind-boggled 97 million documents during the case.”

Source: After Android Trial, Google Demands $4M From Oracle

US Grabs More Domain Names, $1.4M From Online Counterfeit Operations

May 11th, 2012 05:33 admin View Comments


coondoggie writes “According to court documents, investigation by federal law enforcement agents revealed that subjects whose domain names had been seized in a November 2010 operation continued to sell counterfeit goods using new domain names. In particular, the individuals, based in China, sold counterfeit professional and collegiate sports apparel, primarily counterfeit sports jerseys.” So now the government has again taken over a swathe of domain names used in crime.

Source: US Grabs More Domain Names, $1.4M From Online Counterfeit Operations

Google NFC Partner ViVOtech Raises $24M From Motorola, DFJ, Citigroup And Others

June 27th, 2011 06:21 admin View Comments

the near field communication (NFC) software and systems company, has raised $24 million in Series C funding from Singapore’s EDBI, SingTel Innov8, Motorola Solutions Venture Capital, Alloy Ventures, Citi Ventures (the venture arm of Citigroup), Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR. This brings ViVOtech’s total funding to $80 million.

Founded in 2001, ViVOtech’s develops payment software, NFC smart posters, contactless readers/writers, and over the air card provisioning, promotion, and transaction management infrastructure software. ViVOtech has installed more than 800,000 NFC systems in 35 countries.

The company says that new funds will be used for further international expansion of ViVOtech’s NFC software and systems in Asia and other markets.

ViVOTech’s technology is frequently licensed by other companies and merchants to enable mobile payments. The company got a pretty big boost recently when Google used ViVOtech’s technology for their recentt NFC push, Google Wallet.

For merchants that want to accept Google Wallet payments, ViVOtech is providing NFC point of sale readers. In addition, ViVOtech has worked with Google, merchants and POS software vendors to provide integration between NFC POS readers and current POS software.

ViVOtech has also reportedly been looking at an IPO in 2012. According to Bloomberg BusinessWeek, the company has 80 percent of the U.S. market for NFC readers, and the company sales are in “double-digit millions.”

Source: Google NFC Partner ViVOtech Raises $24M From Motorola, DFJ, Citigroup And Others

Virtualization And Cloud Security Startup Bromium Raises $9.2M From Andreessen Horowitz And Others

June 22nd, 2011 06:58 admin View Comments

In March we wrote about new Andreessen Horowitz partner Peter Levine’s first investment for the fund in Bromium, a stealthy startup that was at the intersection of “security and virtualization.” Today Bromium is formally announcing the funding and merging from stealth with more details about its business.

The virtualization and cloud security company has closed a $9.2 million series A round of funding from Andreessen Horowitz, Ignition Partners and Lightspeed Venture Partners.

Founded by Gaurav Banga, Simon Crosby and Ian Pratt, Bromium is focused on the delivery of infrastructure products that allow enterprises to safely adopt consumerization and cloud computing.

Bromium says that now more than ever enterprise data faces security risks with the growth of new devices and application access as well as the increasing mobility within businesses. But cloud computing also leaves enterprise data and applications vulnerable to attack. Bromium’s technology promises to bring a more trustworthy computing infrastructure to enterprises who want to move to the cloud.

And Bromium’s founders combined have a considerable amount of experience in virualization and the cloud. Banga was previously CTO and SVP, Engineering at Phoenix Technologies. Crosby was formerly Citrix’s CTO of the Data Center and Cloud Division. And Pratt was the vice president of advanced products in the Virtualization and Management Division at Citrix.

Bromium says that its product will debut in the second half of 2011.

Source: Virtualization And Cloud Security Startup Bromium Raises $9.2M From Andreessen Horowitz And Others

Development As A Service Platform Cloud9 Raises $5.5M From Accel And Atlassian Software

June 21st, 2011 06:57 admin View Comments

Cloud9 IDE, a commercial development as a service (DaaS) platform, has raised $5.5 million in Series A funding from Accel Partners and product development software company Atlassian Software.

Cloud9 IDE, which spawned from, is aiming to be the IDE for Javascript developers (Javascript creator Brendan Eich is an advisor to the startup). Founded in 2010, Cloud9 provides a cloud-based commercial integrated development environment that allows web and mobile developers to work together in remote teams anywhere, anytime. The platform’s NodeJS framework supports HTML5, Python, Ruby and PHP.

Cloud9 enables developers to easily start projects behind a single URL, share their code, and collaborate with co-developers all over the world without having to install anything on the client. Over 30,000 developers around the world are already using Cloud9, which only launched to the public in March of this year, to build and collaborate on software projects.

The platform runs in the browser and lives in the cloud, allowing development teams run, debug and deploy applications from anywhere, anytime. The DaaS also offers syntax support for popular programming languages; the ability to simultaneously collaborate on code and projects; the ability to run, realtime code analysis; the ability to debug and test applications; and includes HitHub, Bitbucket and Joyent integration. Cloud9 offers a free version and a premium offering which runs $15 per month.

While we know Accel is actively looking for investments in the enterprise infrastructure market; Atlassian as an investor is a bit of a surprise. This is the first investment for the company, which raised $60 million from Accel a year ago. Cloud9 will be the first investment for the Atlassian.

Scott Farquhar, Atlassian CEO and co-founder, says that Cloud9′s platform is complimentary to Atlassian’s development software. For background, Atlassian’s software development and collaboration tools help teams conceive, plan, build and launch products. Products include JIRA (issue tracker) and Confluence (content collaboration). The company’s offerings are used by over 20,000 customers around the world, including Facebook, Zynga, Cisco, and Adobe.

Cloud9 will use the funds to add support for multiple languages, platforms, and cloud/mobile SDKs. The investment will also be used expand the startup’s Amsterdam development team and open a new US headquarters in San Francisco.

Source: Development As A Service Platform Cloud9 Raises $5.5M From Accel And Atlassian Software

Pusher Raises $1M From Heroku Founders And More To Bring Realtime Tech To Your Apps

June 9th, 2011 06:00 admin View Comments

On today’s ever-evolving Web, it seems there’s a growing demand for web apps that incorporate realtime functionality. Of course, it’s by no means easy to build seamless realtime functionality, as it often requires site developers to learn a whole new framework, or worry over the configuration of existing infrastructure.

To address this problem, Pusher has built a hosted service that helps developers create web apps featuring real-time collaboration in a jiffy, all through a cloud-based API. From a free sandox account, Pusher allows developers to bring the added benefits of realtime technology to existing apps, across various languages and platforms, to small sites for free. And so far, so good. Pusher opened its beta in March 2010 and has delivered approximately 9 billion messages to date. Over 4K developers have signed up to the service, including those from Groupon, Slideshare, Togetherville, and more.

Above, you can see a screenshot of Word2, a massively multiplayer word game in which tiles placed by users are reflected in realtime for other players viewing that area of the board, thanks to Pusher’s realtime technology. To check out some awesome examples of how various developers and websites are incorporating Pusher’s realtime functionality, click here.

When WebSockets were announced as part of the HTML5 specification in 2009, Pusher believed the new technology would be an important part of the evolution of Web browsers and servers. Judging by investor interest from the likes of Orion Henry, James Lindenbaum, and Adam Wiggins (otherwise known as the founders of Heroku, the cloud app deployment and scaling platform that sold to in 2010) as well as a full set of other VCs and angels, it seems that the Pusher team is not alone.

Led by co-founders Max Williams and Damien Tanner, Pusher announced today that it has raised $1 million in seed funding, led by London-based early stage venture firm, Passion Capital. Other investors include the Heroku founders, San Francisco-based angel Bill Lee (who has invested in Remarq, Tesla, and more), New York-based MI Ventures, and Greg Marsh (founder of One Fine Stay and formerly of Index Ventures).

Pusher will use its new capital to expand the features of its realtime platform and drive adoption of realtime features on the web. As to potential future internal revenue models? The startup plans to offer paid-plans beginning in mid-June.

“Pusher is built for a generation of developers who will spend their time making awesome apps rather than configuring infrastructure”, said Adam Wiggins, Heroku co-founder and Pusher investor.

Source: Pusher Raises $1M From Heroku Founders And More To Bring Realtime Tech To Your Apps

SaaS Field Service Software ServiceMax Raises $14M From Mayfield, Salesforce And Others

June 8th, 2011 06:00 admin View Comments

Startup ServiceMax, a company that develops SaaS field service software, has raised $14 million in new funding led by Mayfield Fund with Trinity Ventures, Emergence Capital and also
participating in the round. To date, the company has raised $26 million.

As field service software, ServiceMax essentially helps manage other company’s equipment at their sites. ServiceMax software automates workforce optimization, advanced scheduling and dispatch, parts logistics, inventory and depot repair, and installed base entitlements. ServiceMax is being used currently by 60 different customers including DuPont. And the company reports 380 percent year-over-year growth in first quarter 2011.

Built on top of’s platform, ServiceMax has gained considerable support from Salesforce. The technology giant participated on both of ServiceMax’s funding rounds and the startup features an app on Salesforce Chatter’s app marketplace ChatterExchange.

ServiceMax also recently released an iPad app that gives service agents a mobile solution.

Source: SaaS Field Service Software ServiceMax Raises $14M From Mayfield, Salesforce And Others

Social Lending Marketplace Prosper Raises $17.2M From Eric Schmidt, DFJ, Others

June 7th, 2011 06:10 admin View Comments, a social lending marketplace that connects borrowers with individual and institutional investors, this morning announced that it has raised $17.2 million in funding from new investors Draper Fisher Jurvetson and Crosslink Capital.

Existing investors Accel Partners, CompuCredit, Omidyar Network, Eric Schmidt’s TomorrowVentures and Volition Capital also participated in the round.

Prosper also announced that Tim Draper, founder and managing director of DFJ, and Jerome Contro, general partner and COO of Crosslink Capital, will join the company’s board of directors.

According to its website, Prosper’s peer-to-peer lending marketplace currently boasts more than 1,080,000 members and over $236,000,000 in funded loans.

Prosper has raised close to $75 million to date. Its closest competitor, Lending Club, has secured $52.7 million in venture capital.

Source: Social Lending Marketplace Prosper Raises $17.2M From Eric Schmidt, DFJ, Others

Local Q&A Site Hipster Raises $1M From Google Ventures, Lightbank, 500 Startups And More

May 16th, 2011 05:39 admin View Comments

Local Q&A startup Hipster has raised $1 million in seed funding from some prominent angel Valley investors including Mitch Kapor, Dave McClure/500 Startups, Lightbank, Google Ventures, Charles River Ventures, Max Ventilla, TechStars David Cohen and David Tisch, Google’s Don Dodge, Paige Craig, Ludlow VenturesLerer Ventures and others.

Many of you best know Hipster as the startup that launched a thousand blog posts, having insane hype and a couple of acquisition offers before its SXSW launch. While Hipster’s initial launch page had over 10,000 signups in its first few days of existence, the startup’s actual user numbers for SXSW were at just over 4,000 for the entire three day period. Were you using Hipster during SXSW? I wasn’t either.

“We learned a lot during SXSW, it was ‘baptism by fire,’” Hipster CEO Doug Ludlow tells me. “One of my big takeaways from the event was that people tend to have a lot more answers than questions.”

Ludlow also has since then re-evaluated the company’s product strategy: Instead of launching city by city, Hipster will now be launching everywhere in the US at once, on both web and mobile. While he doesn’t reveal many product details, he emphasizes that the lessons of SXSW were hard won and won’t be forgotten.

Hipster is a small player in an arena dominated by Foursquare and Yelp, but Ludlow is undaunted, believing that each of them represents only 1/2 of the “local knowledge” problem:

 ”Foursquare is trying to become the go-to application to share knowledge when you’re out and about (with Check-ins and tips), yet provides a very poor web experience for accessing, augmenting, editing, or sharing this information.”

“Yelp is great for browsing local content on the web, but doesn’t provide a good method for submitting knowledge this knowledge when its freshest in your mind (namely, while you’re currently at a location.)”

In order to further carve out a small but strong position in the local space for Hipster, Ludlow plans on using the new financing to double the team (going from three to six) and to move the entire operation from Los Angeles to San Francisco.

Source: Local Q&A Site Hipster Raises $1M From Google Ventures, Lightbank, 500 Startups And More

Marketplace For Home-Cooked Food Gobble Raises $1.2M From Founder Collective, Reid Hoffman And Other Angels

May 11th, 2011 05:00 admin View Comments

Gobble, an online marketplace for home-cooked food, has raised $1.2 million in funding from an all-star roster of investors including Reid Hoffman (via the Greylock DIscovery Fund), Felicis Ventures, Founder Collective, SV Angel, Morado Venture Partners, Thrive Capital, Keith Rabois, Jack Abraham, Lorenzo Thione, Benjamin Ling, Noah Goodhart, Craig Shapiro, and Doug Chertok.

Gobble is a way for consumers to find homemade food in their neighborhood. While some sites like Munchery (which we covered here) aim to bring personal chefs to the masses, Gobble is focused more on providing home cooked food in an online marketplace setting. The site is the brainchild of Stanford graduate Ooshma Garg, who ate healthy homemade food at home but found it difficult to find time to cook in college and afterwards, when she worked at a startup.

On the site, users can sign up to order home-cooked food from chefs in their area. You can search by dietary needs and other filters, and the service matches people with chefs’ creations. Members can also review and rate meals. For example, in a search in Palo Alto, I can order Apricot Chicken and Fruit Cake from Chef Fumie ($17), Indian Spiced Sliders by Chef Roshani ($8) or Chicken Himmaphan over Rice by Chef Alisa ($16). You can either pick these meals, which range from $6 to $20, up or pay $10 for delivery to your home.

Whether you are a professional chef, caterer or love to cook, you can sign up on Gobble to sell your food to your neighbors. Chefs establish the base rate for their meals and the site marks this up by a percentage (but declined to disclose what this percentage is). Garg and her team test out each chef’s food, and vouches for every chef on the site.

The site was previously only available for Palo Alto, but today is expanding its site to the public with chefs featured from San Francisco. The new funding will be used to fuel additional expansion.

I’m a huge fan of this idea. Ordering takeout food can be unhealthy; and Gobble provides an alternative to finding home-cooked food that is also healthy and nutritious. If Gooble can scale, I think it could be a winner.

Source: Marketplace For Home-Cooked Food Gobble Raises $1.2M From Founder Collective, Reid Hoffman And Other Angels