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Online men's clothier AkselParis nabs $500k seed fund

by Nathan Pensky, November 7, 2011 | Comments

AkselParis tempts their clientele to throw out the rulebook for online clothing shopping

Aksel Group, the company behind men's fashion site AkselParis.com, announced a seed funding of $500k Monday. The fund was led by Inspiration Ventures, with contributions from 500 Startups, Fabrice Grinda, Jose Marin, Paul Bragiel, and French entrepreneur Nicolas Bernad. Based in New York and San Francisco, Aksel Group sells European men's fashion at affordable prices from an exclusively online forum, a ...

Did CBS CEO Les Moonves reveal Apple Replay?

by Nathan Pensky, November 4, 2011 | Comments

Les Moonves lets slip about a new online content streaming service from Apple

CBS chief executive Les Moonves may have accidentally let the cat out of the bag about how Apple Inc. may soon be launching an ad-supported, online video-streaming service. Moonves's slip occurred during the CBS quarterly earnings conference call on Thursday. He mentioned turning down a deal for Apple to bring CBS programming onto its new service, because the deal would ...

Dating site WooMe acquired by Zoosk; price undisclosed

by Nathan Pensky, November 4, 2011 | Comments

WooMe to be absorbed into Zoosk, but will video dating site lose differentiation?

Online dating site Zoosk announced Friday its acquisition of Woo Media for an undisclosed sum. Woo Media, which had previously touted itself as a live interactive video platform, owned and operated online dating sites WooMe.com, Shufflepeople.com, and Monsterchat.com. It's unclear what WooMe sold for, but the service did raise some $17 million in venture financing in the past, meaning investors would have ...

Google launches update that will affect 35% of searches

by Nathan Pensky, November 3, 2011 | Comments

Google search update builds on 'Caffeine,' expands relevance definition

Google announced Thursday a significant update to their search algorithm, with claims that the update will affect up to 35% of total searches. This is arguably the most significant update since that of June 2010, code-named "Caffeine," which defined search relevance with a greater emphasis on "freshness," including recent events, hot topics, current reviews and breaking news items. Thursday's update builds upon "Caffeine" ...

Coraid closes $50 million Series C funding

by Nathan Pensky, November 3, 2011 | Comments

Is Coraid pioneering a new industry standard in data storage?

Tech manufacturing company Coraid, known for its computer data storage products, announced Thursday that it has closed a $50 million Series C round of funding led by Crosslink Capital. Coraid's current investors, including partners in the previous $25 million round of funding in November 2010, participated in this C Round. Coraid is a developer of Ethernet SAN technology, using an ATA-over-Ethernet protocol, as ...

Memolane stays competitive by beefing up features

by Nathan Pensky, November 2, 2011 | Comments

Now that Facebook has co-opted their idea, Memolane ups their game with new features

Social networking aggregate site, and the immediate forebear to the Facebook timeline, Memolane gained a new investor and launched a significant update to their service on Wednesday. Japan's Digital Garage joined an existing $2 million investment from August Capital and Atomico, announced in Sep. 2010. Memolane started in private Beta in 2010 as a site that compiles all your social networking data ...

Facebook co-founders get productive with Asana

by Nathan Pensky, November 2, 2011 | Comments

Founders want Asana to do for productivity what Facebook did for un-productivity

Online productivity service Asana launched on Wednesday after teasing Web watchers for two years. Asana is a workplace project and information manager, allowing fellow workers to collectively view and update projects in real time on a centralized online platform. Founded by Facebook co-founder Dustin Moskovitz and early Facebook employee Justin Rosenstein, a $9 million of funding was announced back in 2009, following a ...

QuickMobile closes $1.3 million funding from Vancity

by Nathan Pensky, November 1, 2011 | Comments

Canada's largest credit union Vancity cites mobile app's positive community effect

Creator of mobile event and meeting apps, QuickMobile announced that it closed a $1.3 million round of funding from Canada's largest credit union, Vancity. This round comes after QuickMobile had secured $2.3 million from angel investors in August, bringing their total funding to $3.6 million. QuickMobile develops interactive mobile event guides that conference attendees can download to their mobile devices or access via a mobile ...

AdKnowledge acquires Facebook's ad platform AdParlor

by Nathan Pensky, November 1, 2011 | Comments

AdKnowledge joins forces with AdParlor's integrative, multi-tiered approach

Online ad marketplace AdKnowledge acquired Facebook's ad management platform AdParlor on Tuesday. The terms of the deal were not disclosed. AdKnowledge creates online ad-marketing solutions for businesses using predictive technology and anonymous consumer response patterns. (Translation: they're a company that targets and implements online ads based on user activity.) They are the largest privately held online ad network and the 4th ...

Is Tumblr overrun with spammers?

by Nathan Pensky, October 31, 2011 | Comments

One prominent blogger weighs in on Tumblr's growing spam epidemic

Motorola to cut 800 jobs leading up to Google merger

by Nathan Pensky, October 31, 2011 | Comments

Slightly better Q3 numbers couldn't save Motorola from belt-tightening

Motorola Mobilty Holdings Inc. will cut 800 jobs, according to a regulatory filing. While the job cuts are thought to be an effort to curb costs as Motorola Mobility prepares to be absorbed by Google, Inc., the cuts will cost Motorola $31 million, breaking down as $27 million in severance and $4 million to close facilities. As of January 2011, ...

Google and Yahoo to debut news/social mobile apps

by Nathan Pensky, October 28, 2011 | Comments

Yahoo's Livestand and Google's 'Propeller' will make the mobile app market a horse-race

The news and social reader space for mobile tablets is about to get a lot more competitive, as both Yahoo and Google plan to the launch their news/social networking apps in the next two weeks. Sources close to the decision said that Yahoo will launch its new mobile app called Livestand "next week," according to AllThingsD. Also next week, or ...

Samsung unseats Apple as king of mobile sales

by Nathan Pensky, October 28, 2011 | Comments

Samsung's Q3 quarter sales of mobile handsets beat Apple handily

While Apple's iPhone may tout itself as the reigning king of mobile, Samsung can boast one cherry stat that puts Apple at second best. Samsung overtook Apple in number of mobile handsets sold in the third quarter, selling 28 million devices to Apple's 17 million. Samsung hasn't officially released its numbers. This figure was an estimate made by Daiwa Securities ...

Gnip adds Google+ to social media data stream

by Nathan Pensky, October 27, 2011 | Comments

Gnip adds one more social media source to its API data aggregate service

Social media data API Gnip added the business of Google+ to its data stream on Thursday. Gnip will run a natural language keyword search stream from the Google+ API. Gnip serves as a central location for social netowkring API data. Sites that use Gnip's platform can get important data concerning their social media presence, on such sites as Twitter, Facebook, YouTube, ...

CrowdOptic to add futuristic tech to smartphones

by Nathan Pensky, October 27, 2011 | Comments

CrowdOptic secures 500k in funds to make your smartphone data works for you

What if you could point your iPhone at a batter at a Major League Baseball game and have that athlete's batting average automatically displayed on your screen? Or what if you saw an emergency in progress, and simply by pointing your smartphone at the emergency, you could notify security where it was happening? These are two main applications of a new ...

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