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What you need to know - 03/29/11

Amazon launches a cloud drive and music tool; Cheezburger buys Know Your Meme

Technology trends and news by Ronny Kerr
March 29, 2011 | Comments
Short URL: http://vator.tv/n/18a3

Adap.tv, the platform that makes buying and selling video advertising simple and efficient, closed $20 million in financing led by Bessemer Venture Partners.

 

Amazon took the wraps off a compelling new cloud drive available immediately to all Amazon users in the U.S. The best part? Everyone gets 5 GB for free.

 Apperian, provider of mobile application management solutions, closed a $9.5 million round of venture financing, with investments from North Bridge Venture Partners, Bessemer Venture Partners, Kleiner Perkins Caufield & Byers’ (KPCB) iFund, CommonAngels and LaunchCapital.

Cheapflights Media completed an investment in the travel meta-search site momondo.com and its parent company Skygate International.

 

Cheezburger, the Internet publisher best known for popularizing LOLcats, FAILS, and other Internet memes, acquired Know Your Meme, the most authoritative site that researches and documents the history and origins of Internet memes and viral phenomena.

E-commerce giant eBay has agreed to acquire GSI Commerce, an e-commerce and digital marketing solutions provider, for $2.4 billion.

 

Apple and Google are the target of a plea from attorneys general Douglas F. Gansler of Maryland and Beau Biden of Delaware to ban smartphone apps that help drivers avoid DUI checkpoints.

Limos.com raised $10 million from Austin Ventures and released its new corporate travel management product, Limos.com for Business.

Cisco announced its intent to acquire newScale, provider of software that delivers a service catalog and self-service portal for IT organizations to select and quickly deploy cloud services within their businesses.

 

Newsy, a mobile news video site, raised $1.5 million in funding from an unnamed St. Louis-based private equity firm.

 

U.K.-based early-stage investment firm Passion Capital  raised $60 mllion for its first investment fund.

 

To help SMBs build up their social media presence without having to spend hours online, Roost is launching its new social marketing platform, which will provide content suggestions to streamline the business owner's social marketing campaign.

Jack Dorsey, one of the original creators of Twitter, is back leading product at the company. He will continue to serve as CEO for Square as well.

 

Free website builder Wix raised $40 million in Series D funding led by Insight Venture Partners and DAG ventures, with Benchmark Capital, Bessemer Venture Partners and Mangrove Capital Partners participating


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