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TOP NEWS
Ground Truth Gains $2.6M In Funding
Seattle-based stealth mode startup Ground Truth has raised around $2.6M in a equity fundraise, according to a regulatory filing by the firm Thursday. According to the filing, board members of the firm include Tom Huseby and Erik Benson of Voyager, and Beau Laskey of Steamboat Ventures. No details of the funding have been released by the firm. Steamboat Ventures is the venture capital arm of Walt Disney Co.READ MORE >>
posted on Thursday, July 2, 2009
Redfin Adds Text Searches, Updates Stats
Seattle-based real estate site Redfin said this morning that it has launched a new version of its website, adding free-text searching of remarks, plus better statistics on neighborhoods. Redfin said the free text search feature will allow users to search for specific comments in the remarks of listings, and that it has also added a new feature to help correct misspelled searches. The changes came as part of an overall upgrade of the firm's site.READ MORE >>
posted on Thursday, July 2, 2009
Jive Gets Win With Electronics Distributor
Portland-based Jive, a developer of enterprise social networking software, said today that it has been selected by electronics distributor Premier Farnell. Jive said that the firm will use it software to power a online community for electronic design engineering, element14. Financial impact of the customer win was not disclosed. Jive develops business collaboration and social networking tools, and is backed by venture firm Sequoia Capital.READ MORE >>
posted on Thursday, July 2, 2009
Prometheus Energy Gets $10M
Prometheus Energy, a developer of technology to convert emissions from landfills into liquid natural gas, has raised $10M out of a $20M equity fundraise, according to a regulatory filing by the firm earlier this week. According to the filing, the funding includes investments from Kenda Capital, the investment firm of Shell Technology Ventures Fund....READ MORE >>
posted on Wednesday, July 1, 2009
Microsoft Starts Indexing Tweets
Microsoft's new search engine, Bing.com, will begin indexing Twitter messages ("tweets") from well known technology notables and celebrities, the firm said today in a post from the Bing team. According to Microsoft, it would begin including Tweets from people like Danny Sullivan and Kara Swisher, as well as Al Gore, Ryan Seacrest, and others in its search results. The firm said it is not indexing all of Twitter, but is only indexing people based on follower count and volume of tweets.READ MORE >>
posted on Wednesday, July 1, 2009
Zillow: Traffic Up 67 Percent This Year
Seattle-based real estate site Zillow.com is reporting today that the firm saw a 67 percent, year-over-year growth in traffic on the site. The firm said it broke "multiple records" for site traffic and user activity during the first half of the year, attributing the spike in interest at the firm into homeowners looking to find both real estate listings, as well as information about their homes....READ MORE >>
posted on Wednesday, July 1, 2009
Strands Adds ING
Corvallis, Oregon-based Strands has scored another win in the personal finance market, saying yesterday that it has been selected by ING for their customers in the Netherlands. Strands, which operates a personal finance product used to monitor spending, finances, and budgets, said that ING will offer the firms' product to customers. The software is currently in a limited, private beta, but Strands said ING plans to offer it to its online customers in the Netherlands....READ MORE >>
posted on Wednesday, July 1, 2009
PhysioSonics Confirms $2.0M Fundraising
Bellevue-based PhysioSonics officially confirmed the firm's recent $2.0M financing in a second tranche of a Series A this morning, saying that the funding came from an unnamed strategic investor. The firm said the follow on investment brings its total Series A funding to $6.0M. PhysioSonics is developing technologies for the life sciences market, including an ultrasound-based neuromonitor. The firm said the new funding will go towards commercialization of its product....READ MORE >>
posted on Wednesday, July 1, 2009
VirtenSys Announces Virtual Storage Product
VirtenSys Ltd., a developer of hardware for the virtualization market, said today that the firm has shipped a product which allows servers to share RAID-based storage adapters. The firm--which is based in the UK but has operations in Beaverton, Oregon--said the product allows multiple physical servers to use a single, LSI Host Bus Adapter (HBA), which helps reduce data center operational expenses and power consumption....READ MORE >>
posted on Wednesday, July 1, 2009
Venture Backed Liquidity At Six Year Low
Last quarter was not a good quarter for venture liquidity, Dow Jones VentureSource is reporting today. Dow Jones said that Q2 was a six year low for exits for venture-capital backed firms, with only $2.8 billion in liquidity events -- mergers and acquisitions or IPOs -- for companies who have received venture funding. The numbers are down 57% from last year. Dow Jones said there was $2.57 billion in mergers and acquisitions of 67 companies in Q2, down from $6....READ MORE >>
posted on Wednesday, July 1, 2009
NetVersant Sells Business Unit
Everett, Washington-based NetVersant Solutions LLC, has sold its Avaya business unit to a California-based firm, the buyer announced Tuesday. Financial terms of the deal were not disclosed. Headquartered in Fullerton, Calif., Altura Communication Solutions provides voice and data communication services based on Avaya's Voice-over-IP software....READ MORE >>
posted on Wednesday, July 1, 2009
Gist Rolls Adds News Feeds, Search
Seattle-based Gist, the email information startup incubated by Vulcan Capital and funded by the Foundry Group, told its beta users today that it has rolled out a new release of its beta software. The firm said it has added new search capabilities for people in a company, better performance, a redesigned display of information in MS Outlook, personal news feeds, along with other enhancements....READ MORE >>
posted on Tuesday, June 30, 2009
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