What you need to know - 04/13/11

Ronny Kerr · April 13, 2011 · Short URL: https://vator.tv/n/1936

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

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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Ronny Kerr

I am a professional writer with a decade of experience in the technology industry. At VatorNews, I cover the zero-waste economy, venture capital, and cannabis. I'm also available for freelance hire.

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OpenBuildings, Inc.


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www.OpenBuildings.com is a community-driven & openly editable encyclopedia of buildings from around the world. This database of historic, contemporary or conceptual architecture exists on multiple digital platforms; including a mobile application that enables the user to find, learn about and share nearby buildings of architectural merit.

Our aim is to collaboratively archive the world's built environment for future generations: to inspire architects, educate students, inform tourists and empower professionals.

Website - http://www.OpenBuildings.com

Mobile app - http://bit.ly/obldg

Facebook page - http://www.facebook.com/OpenBuildings

Twitter page - http://twitter.com/OpenBuildings




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TekTrak is the team behind innovative mobile security software that protects your phone and the valuable data stored within. By harnessing the powerful Assisted GPS hardware integrated in smartphones, TekTrak is insuring no one ever loses their phone and privacy again. What started out as frustrating experience of losing a phone with pictures and data, has now become a mobile tracking and security business. Our security application allows users to remotely locate their phone, lock it, send a message, set off an audible alarm, and remotely wipe the data from the device. 

TekTrak is currently available on iOS and on Samsung Android-based devices, and will be available for other major platrofms within the next year.