What you need to know - 01/25/11

Google to acquire fflick movie site for $10 million; Foursquare swelled by 3400 percent in 2010

Technology trends and news by Ronny Kerr
January 25, 2011
Short URL: http://vator.tv/n/1642

Apple launched a Twitter account for the App Store, to let users "discover new apps, get exclusive offers, and share with friends."


appMobi, a service that makes it easy to develop apps, closed a $6 million Series B round entirely from angels.

The BBC will be cutting its online budget from £137 million today to £103 million by 2013. Consequently, some 360 employees will be cut over the next two years as the BBC aims to shut down up to 200 websites.

Celtra Inc., provider of a self-service platform for rich media advertising and analytics across mobile devices, raised $5 million in Series A funding from GrandBanks Capital and Fairhaven Capital.


Cirtas Systems, a company making cloud storage work like onsite enterprise storage arrays, closed a $22.5 million Series B funding round led by Shasta Ventures and Bessemer Venture Partners.

Google is set to acquire move recommendation engine fflick for $10 million.  



FoursquareFourqsuare swelled by 3400 percent in 2010, now reaching over six million users and accumulated 381.6 million check-ins.


GeekChicDaily, the free daily email newsletter to "feed your inner geek," raised $1.5 million from tech, Hollywood and video game industry veterans.


Graphicly,an entertainment platform for digital comics, raised a $3 million Series A round led by DFJ Mercury, with participation from 500 Startups, Dundee VC, Ludlow Ventures and several angel investors.

VatorNews' Faith Merino chatted with Pandora founder Tim Westergren, who will be presenting at Vator Splash February 3, in San Francisco.

Qwiki, a startup whose stated goal is to fundamentally change the way human beings experience information, launched Monday, just days after completing an $8 million Series A round led by Facebook co-founder Eduardo Saverin.

SnapDeal, India's largest online coupon site, closed a $12 million round, led by Nexus Venture Partners and IndoUS Venture Partners.

Tibco just launched Tibbr, a social network that shifts the focus away from Farmville and vacation photos to emphasize workplace subjects—literally.  Tibbr aims to differentiate itself from all the other enterprise social networks like Yammer and Salesforce’s Chatter by allowing users to follow subjects rather than people. 

Today's featured investor is Rajil Kapoor, managing director of Mayfield.

Related companies, investors and entrepreneurs

Bessemer Venture Partners
Angel group/VC
Description: In 1911, Henry Phipps founded Bessemer Securities to reinvest the proceeds of his sale of Carnegie Steel for the benefit of his descenden...
Mayfield Fund
Angel group/VC
Description: Rosenthal, a principal at venture firm Mayfield Fund, talks about what he's looking to invest in - wireless, communications, infrastructu...
Description: Pandora, the leading internet radio service, gives people music they loveanytime, anywhere, through a wide variety of connected devices: ...
Cirtas Systems
Description: Cirtas solves the challenges associated with storing data in the cloud, making cloud storage work like onsite enterprise storage arrays. ...

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