Airbnb, which enables people to provide accommodations to travelers, is currently closing a funding round of at least $100 million at a $1 billion valuation, or greater, according to sources. The new boost of capital is coming largely from round leader Andreessen Horowitz and a serial mega-round participant DST.
Apple's cloud offering is coming. The company issued the following statement in a short release today: "Apple CEO Steve Jobs and a team of Apple executives will kick off the company’s annual Worldwide Developers Conference (WWDC) with a keynote address on Monday, June 6 at 10:00 a.m. At the keynote, Apple will unveil its next generation software – Lion, the eighth major release of Mac OS® X; iOS 5, the next version of Apple’s advanced mobile operating system which powers iPad, iPhone and iPod touch; and iCloud, Apple’s upcoming cloud services offering."
App discovery startup Appsfire closed a $3.6 million Series A round led by French venture capital firm IDinvest.
Social loyalty platform Badgeville launched two new products: Dynamic Game Engine, a flexible platform that allows brands to integrate advanced game mechanics, and the Widget Studio, which allows brands to add social rewards.
OpenX Technologies, Inc. (OpenX), provider of digital advertising technology, completed a $20 million Series D funding round led by SAP Ventures with the participation of additional new investors AOL Ventures, Mitsui & Co. Global Investment, Inc., and Presidio Ventures, and existing investors.
Read about how Reply.com, which last week acquired MerchantCircle for $60 million in cash and stock, is bulking up for the local advertising showdown.
wooga, Europe's largest developer of online social games, raised $24 million in a Series B investment led by Highland Capital Partners. Tenaya Capital and existing investors Balderton Capital and HV Holtzbrinck Ventures also participated in the funding round
The agency also published draft guidance on the use of AI in drug development
Read more...
Steven Loeb
The biggest focus areas for AI investing are healthcare and biotech
Read more...
Steven Loeb
It will complete and submit forms, and integrate with state benefit systems
Read more...
Steven Loeb
Startup/Business
Joined Vator on
Airbnb.com is the “Ebay of space.” The online marketplace allows anyone from private residents to commercial properties to rent out their extra space. The reputation-based site allows for user reviews, verification, and online transactions, for which Airbnb takes a commission. As of June, 2009, the San Francisco-based company has listings in over 1062 cities in 76 countries.
