What you need to know - Tuesday 11/23/2010

MyThings raised $6M; Better Advertising Product $9.5M; Stoke $16M; Welocalize $34M

Technology trends and news by Katie Gatto
November 23, 2010
Short URL:

Rumors abound about a potential buy out of  Nuance Communications, a voice technology company, by Apple. The rumors began after comments were made by Apple co-founder Steve Wozniak during an interview with TVDeck.

JiWire, a mobile-based advertising company has acquired NearbyNow. Nearby Now is a location-based mobile shopping platform. The terms of the deal were not disclosed.

Phrases has knocked out FarmVille as the most popular Facebook app. The app which allows users to post random sayings to their friend feed, is not likely to stay top dog for long, since it pulled access for U.S. based users. FarmVille had been in the top spot since August 2009.

More than half of us will be checking our email over the holidays, according to a study by Xobni. Xobni is an email software company.  59% of U.S. adults, who have a job, will check their work email over holidays and 28% are expected to do so multiple times.

MyThings, a company that provides personalised retargeting services, raised $6 million in C series of funding. The round was led by T-Venture, and Deutsche Telekom’s venture capital arm. Other investors include Accel Partners, Carmel Ventures, Dot Corp and GP Bullhound.
Qype, a local business, has raised  6.5 million euros. Qype has raised 3.5 million euros from Vodafone Ventures and a further 3.0 million euros from Advent Venture Partners, Partech International and Wellington Partners combined. Qype is currently the largest user-generated local review site in Europe.

Welocalize, a translation service, has raised $34M. The service can currently translate websites and marketing into over 100 languages. 


Better Advertising Product raised $9.5M for behavioral advertising. The round was led investor Warburg Pincus.


Stoke, a company that re-routed mobile data usage to the web, raised $16 million. This brings the total amount that Stoke has raised more than $85 million. and Hunch are teaming up this year to provide you with easier holiday shopping. By creating custom tatse profiles the two sites will make gift recommendations.

Badgeville raised $2.5 million. The site, which wants to bring the idea of check-in to websites, raised funds from eBay COO Maynard Webb, Panatir founder Joe Lonsdale, and several senior executives from PayPal, Chegg,,, and Warner Music, in its A series of funding.

Related companies, investors and entrepreneurs

Description: Zynga is the largest social gaming company with 8.5 million daily users and 45 million monthly users.  Zynga’s games are avail...
Xobni Corporation
Description: Xobni offers a new way to organize and search your Outlook email. Xobni creates profiles for each person that emails you. These profiles...
Description: MyThings is for people with too much stuff. Or, conversely, people who don’t have that much, but really like what they own. We’re a fre...
Description: NearbyNow has created a customer service that allows you to search all products and sales in a shopping mall from your mobile phone or th...

Related news