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Amprius raises $25M for next-gen batteries

by Faith Merino, March 3, 2011 | Comments

The company gets support from IPV, Kleiner Perkins, and Qian Neng for its lithium ion batteries

Lithium ion battery developer Amprius on Thursday announced that it has secured a $25 million round of funding led by IPV Capital, Kleiner Perkins Caufield & Byers, and Qian Neng Fund, along with existing investors Trident Capital, VantagePoint Venture Partners, Eric Schmidt, and Stanford University. The funds will be used to help Amprius on its way to commercializing next-generation, high-energy lithium ...

Demand Media snaps up CoveritLive

by Faith Merino, March 3, 2011 | Comments

The acquisition comes as Demand is beefing up its original content offerings

Content and domain company Demand Media announced Thursday that it has acquired CoveritLive, a live blogging and commentary company that has powered live events for such notable brands as ESPN, Ford, News Corp and BBC. The terms of the deal were not disclosed. “Like Demand Media, we started CoveritLive to help fill the gaps in online content. We saw an opportunity ...

Square now processing 1M payments a day

by Faith Merino, March 3, 2011 | Comments

The announcement comes weeks after Square drops its $0.15 transaction fee

Square co-founder Jack Dorsey took to Twitter late Wednesday to announce a big milestone for the company: Square is now processing one million mobile payments a day. Founded in 2009, the innovative startup has put a new spin on mobile payments by allowing smartphone owners to turn their devices into mobile credit card swipers. And the service is seeing some ...

Hitting the big $1 billion

by Faith Merino, March 2, 2011 | Comments

Groupon nears $1B in revenue, but when did Google, Facebook, and Amazon hit $1B?

2010 was evidently a good year for Groupon, according to reports that emerged last weekend pegging the three-year-old social commerce company's revenues at $760 million. Even more stunning, this is an increase of some $730 million. Groupon brought in only $33 million in 2009. Groupon is like one of those cartoon lab experiments gone awry, like the one where the ...

The iPad 2 is here!...on March 11

by Faith Merino, March 2, 2011 | Comments

	Bask in its glow... It's the big day! Apple has unveiled the iPad 2, and it's glorious. Steve Jobs, himself, took the stage for this one amid roaring applause from the audience. Jobs kicked off the event with a couple of quick milestone announcements. First off: iBooks has surpassed one million downloads. Additionally, Random House is joining the growing list of top publishers working ...
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The iPad: Why there are no cheaper tablets

by Faith Merino, March 2, 2011 | Comments

Bernstein Research breaks down the economics to reveal why competitors can't undercut Apple

As the world waits in breathless wonder for the official unveiling of the iPad 2 this morning at 10 am PT, an ugly reality rears its head once more: price. The iPad has remained elusive for many in middle-class America due to its high price range, but this isn't all that surprising given Apple's reputation for higher-priced devices. What is ...

Opinionaided raises $1M in seed round

by Faith Merino, March 2, 2011 | Comments

The mobile Q&A app gets support from General Catalyst, SoftBank, and DFJ

If you haven't experienced the addictive power of Opinionaided, brace yourself...it's intense. The mobile Q&A app lets users post questions about anything and get instant answers in real-time. The company announced Wednesday that has raised $1 million in an over-subscribed round of seed funding from General Catalyst, SoftBank Capital, and Draper Fisher Jurvetson. Several angel investors also participated in the round, including Mark ...

Practice Fusion welcomes former PayPal exec

by Faith Merino, March 1, 2011 | Comments

Jason Portnoy, former finance VP of PayPal, becomes CFO of electronic health record startup

Electronic health records are moving into the cloud and Practice Fusion is poised to be the leader in the space. The company announced Tuesday morning that former Palantir CFO Jason Portnoy is joining the team as the new Chief Financial Officer. Founded in 2005, the company has been growing at breakneck speed since Obama's recent call for all-electronic medical records ...

MaxPoint raises $8M local ad targeting

by Faith Merino, March 1, 2011 | Comments

The company's granular targeting technology allows advertisers to target specific neighborhoods

Location-based businesses are big right now, but the next wave of startup success is going to come from those businesses that go further to make their location-based services more precise and localized. Mobile apps are quickly moving in this direction to allow smartphone owners to use their devices to navigate malls and locate items on their exact shelves, but how ...

Demand Media teams up with Rachael Ray

by Faith Merino, March 1, 2011 | Comments

Could the partnership help Demand stay on top in light of Google's recent crackdown?

Demand Media will be adding a zesty new flavor to its eHow.com Web property. The content and domain company announced Tuesday morning that it is partnering with TV personality and chef extraordinaire Rachael Ray to create co-branded content and beef up the property's food section. Rachael Ray will act as the creative mastermind behind the eHow Food channel and will identify ...

Rovi acquires SideReel, launches AllRovi.com

by Faith Merino, March 1, 2011 | Comments

SideReel recently surpassed 1M uniques in one day

Adding another confidence-booster to the 2011 M&A forecast, digital entertainment company Rovi announced Tuesday morning that it has acquired TV tracking site SideReel. The terms of the deal were not disclosed. The move represents an interesting departure for Rovi, which has made a habit of snapping up enterprise companies like Gemstar-TV Guide International, and Muze, a company that provides media preview and discovery ...

Khosla backs MyLikes with $5.55M

by Faith Merino, February 28, 2011 | Comments

Word-of-mouth advertising platform MyLikes welcomes Paul Buchheit and Alex Kinnier to its board

Word-of-mouth advertising platform MyLikes announced Monday that it has raised $5.55 million in a Series A round led by Khosla Ventures, with participation from existing investors Lightseed Partners and Metamorphic Ventures. In addition to the startup's $630K seed round, the new capital brings MyLikes' funding to more than $6 million. "As a firm, Khosla Ventures is known to make big and ...

Groupon teams with Tencent for China unit

by Faith Merino, February 28, 2011 | Comments

Groupon announces its new Chinese division: GaoPeng

After weeks of speculation, the facts emerge: Groupon CEO Andrew Mason announced Monday that Groupon has teamed up with Tencent Collaboration Fund and Yunfeng Capital to launch GaoPeng.com in China. The site will begin offering deals in Beijing and Shanghai in March. "As the pioneer of the space and the market leader in over 40 countries, we’re pleased to share our learnings with ...

AT&T to sell Kindle 3G

by Faith Merino, February 28, 2011 | Comments

Starting March 6, customers can purchase Amazon's Kindle 3G at AT&T stores

Amazon is pulling out all the stops in marketing its Kindle, which has been compared unfavorably to the iPad over the last year while also dealing with increasing competition from Barnes & Noble's Nook. New TV ads for the Kindle have been cropping up in recent weeks, and the company stepped up its game Monday when it was announced that ...

Social media brings hope to chronically ill

by Faith Merino, February 28, 2011 | Comments

Pew study finds that disease sufferers go online to connect with others with the same health issues

Anyone who says they've never googled a weird symptom or rash to see if they could self-diagnose a debilitating disease is lying. Everyone's done it, everyone has come up with bizarre and totally unqualified diagnoses for themselves or others, get over it. But for people who have been diagnosed with a disease--especially a rare disease, the Internet is playing an ...

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