ATX Innovation raised $2.05 million in funding from NEA. ATX Innovation is the maker of TabbedOut, a mobile app that lets bar and restaurant goers pay the bill remotely. It is currently avalaible for iPhone and Android handsets.
12seconds is shutting down. 12seconds is a Twitter video community. It will close its doors on October 22.
The founder of Twitter steps down. Evan Williams, the founder of Twitter will be replaced by Dick Costolo as the CEO. Costolo was formerly the chief operating officer. He spoke at Vator Splash last week, sharing his lessons learned.
HomeAway is buying Instant Software. Instant Software vacation rental management software. The terms of the deal were not disclosed.
The Echo Nest raised $7 million. The round was led by Matrix Partners and Commonwealth Capital Ventures. It brings total funding raised for this organization to $9 million.
Adaptivity raised $7.2 million. This was the series A round of funding. The round was led by Noro-Moseley Partners and Intersouth Partners.
Black Duck Software has acquired Ohloh. Ohloh is a free public directory of open source software and people. Black Duck Software is an open source software company. Specific terms were not released.
Acision, has raised a $100 million. The round was led by Access Industries, International Investment and Underwriting and Atlantic Bridge. Acision is A mobile data services company.
ThreatMetrix has raised $12.1 million in funding. The round was led by Tenaya Capital. Other investors include U.S. Venture Partners, CM Capital and TVP.
