What you need to know - 04/13/11

Apple announces Final Cut Pro X; News Corp. is looking for a Myspace buyer

Technology trends and news by Ronny Kerr
April 13, 2011
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Senator Dick Durbin (D) from Illinois is gearing up to introduce legislation that would force online retailers like Amazon and eBay to collect state sales taxes from customers.

Apple announced a completely rebuillt Final Cut Pro X, which will start selling in the Mac App Store in June for $299.


BookingBug, an online scheduling, booking, reservation and appointment system for business, raised $350,000 from a small group of angels.

Industrial lighting solution provider Digital Lumens closed a $10 million Series B round that was raised from all of the company’s previous investors: Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners.

22 percent of subscribers access daily deal emails several times a day, 38 percent access them once per day, and 23 percent access them a few times a week, according to eMarketer.

Tiny Speck, developer of a massively multiplayer online game called Glitch, has raised another $10.7 million from Andreessen Horowitz and Accel Partners, the company's original investors.


Social shopping service Lockerz confirmed Tuesday that it has closed $30 million of a planned $45 million round.

Myspace's parent company News Corp. is looking to sell the failing social network, and pitch details for the sale have leaked.

OpenBuildings raised $2 million in a Series A round from BlueRun Ventures and Index Ventures.

Mobile payments proviedr Payfone closed a $19 million funding round from American Express, the largest contributor, with participation from Verizon Investments Inc. (assisted by Verizon Ventures) and others.

Stealth startup Project Slice secured a $3.8 million round of funding to continue working on simplifying online shopping, according to an SEC filing.


Sugar Inc., a media company for women, completed a $15 million later-stage round of financing led by Institutional Venture Partners (IVP), with participation from consistent partner Sequoia Capital..

A family in Tokyo used the TekTrak app to locate their daughter following the massive 9.0 earthquake that devastated the country on March 11.


Zencoder, a video encoding and transcoding SaaS provider, raised $2 million in funding from a long list of investors.

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Description: TekTrak is the team behind innovative mobile security software that protects your phone and the valuable data stored within. By harnessi...
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Description: is a community-driven & openly editable encyclopedia of buildings from around the world. This database of histo...

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