InMobi, an independent mobile advertising network, has acquired Metaflow Solutions. InMobi is backed by SoftBank, KleinerPerkins Caufield & Byers and Sherpalo Ventures. The company has offices in Bangalore, Johannesburg, London, Nairobi, New York, Paris, San Francisco, Seoul, Singapore and Tokyo. PRESS RELEASE InMobi, the largest independent mobile advertising network, today announced the acquisition of Metaflow [...]
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Mobile advertising network InMobi has sealed a $200 million investment from Japan’s Softbank Corp. The round will take place over two tranches – a $100 million infusion this month, followed by another $100 million in April 2012. Softbank joins existing investors Kleiner Perkins Caufield & Byers and Sherpalo Ventures. Formed in 2007, InMobi has now sealed one of the largest investments in the mobile advertising space.
Publicly traded Concur Technologies Inc. said it would pay $40 million for a minority stake in Indian online travel site Cleartrip. The start-up has previously raised at least $18 million from venture investors including Draper Fisher Jurvetson, The Mahindra Group, Sherpalo Ventures and Kleiner Perkins Caufield & Byers. The investment with Concur Technologies includes includes a marketing partnership through which Concur’s products will help Cleartrip’s clients generate travel and expense reports, Reuters reported.
Inkling, the maker of interactive learning apps, has secured a new round of financing. McGraw-Hill, Pearson, Sequoia Capital, Felicis Ventures, Kapor Capital and Sherpalo Ventures participated in the funding round. Specifics were not publicized.
Tech culture tends to celebrate renegade entrepreneurs who drop out of school to pursue their passion. But that was never really Garrett Camp’s bag. Though Camp co-founded the popular discovery engine StumbleUpon as an undergrad at the University of Calgary, he didn’t quit to focus narrowly on the company. He went in the opposite direction, spending the [...]
A series of high-profile reminders have government agencies and international businesses scrambling to tighten up their data and document storage and security. The reality is, quite simply, that they have not—and perhaps cannot—control data sufficiently. The new question is: can they ever?
Regardless of whether companies and bureaucracies can sufficiently contain their data in the Internet age, their ongoing efforts to do so will generate profits for investors in the next generation of data storage and security firms.
Some of the revelations leaked—almost in immediate succession—by the international network established by Wikileaks founder Julian Assange, and by others, separately, have been innocuous, amusing, or, on a more serious level…
Two weeks ago I wrote about ZumoDrive, a tiny three-year-old company whose founders had managed to get their product favorably reviewed by Walt Mossberg at the Wall Street Journal. I met them a year ago when they were just three engineers, working day and night to develop this product under a different name for a different audience, and I was impressed by their progress.
The company is on a roll — yesterday they announced a $1.5 million round of funding led by Sherpalo Ventures with participation from Tandem Entrepreneurs and Tandem’s largest LP, VeriFone CEO Douglas Bergeron.
The funding isn’t just a milestone for ZumoDrive, but also for Tandem, a seed fund that is about the same age as ZumoDrive. (Venture Capital Journal wrote about Tandem here).