What you need to know - 07/25/11

Airbnb raises $112 million from Andreessen, others; RIM laying off 2,000 employees

Technology trends and news by Ronny Kerr
July 25, 2011 | Comments
Short URL: http://vator.tv/n/1d14

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San Francisco-based Airbnb secured $112 million in Series B financing from Andreessen Horowitz, DST Global and General Catalyst.

 

Canvas, which provides a mobile business application service that makes it easy to find, customize and publish business apps for mobile devices, closed the first $1.2 million in a $1.75 million Series B funding round.

CloudBees, a provider of Java services for cloud developers, bagged $10.5 million in a Series B round led by Lightspeed Venture Partners, with participation from existing investor Matrix Partners.

 

INRIX, international provider of traffic information and connected driving services, secured $37 million in Series D round funding led by Kleiner, Perkins, Caufield & Byers’ (KPCB) Green Growth Fund and August Capital.

As its BlackBerry line of smartphones falls far behind the Apple iPhone, RIM says it will cut about 11 percent of its workforce, or about 2,000 jobs.

 


Related companies, investors and entrepreneurs

Plogo_cloudbees_cloudbees_logo_color
CloudBees
Startup/Business
Description: CloudBees (http://cloudbees.com) aims to provide the leading Java Platform as a Service (PaaS) covering both development se...
Plogo_airbnb_airbnb
Airbnb
Startup/Business
Description: Airbnb.com is the “Ebay of space.” The online marketplace allows anyone from private residents to commercial properties to re...

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