Archive for the Press & Events Category
11/30/2011 – AllThingsD, Tricia Duryee
MasterCard has made a strategic investment in seven-year-old mobile banking start-up mFoundry.
The investment marks MasterCard’s first in the mobile payments space, and follows similar moves by both Visa and American Express.
Neither company is releasing terms of the round, but mFoundry said MasterCard was the lead investor. Intel Capital, Fidelity Information Services and Motorola Mobility also participated. Previous investors include PayPal, Bank of America and Ignition Partners.
Consumers will most likely recognize mFoundry for developing the Starbucks mobile application, which displays a bar code that can be scanned at the register to make payments from a prepaid account…
11/30/2011 – AllThingsD, Liz Gannes
Where, in the past, people might have printed out entire rolls of film, or kept on snapping as many pictures as their memory card would hold, mobile photo-sharing today often seems to be a more choosy sport. We carefully share only the very best photos from our camera phones — one at a time — via email, Facebook, Twitter or a dedicated app like Instagram.
Granted, this probably has something to do with how hard and expensive it has historically been to get our photos off of phones.
11/16/2011 – GigaOm, Barb Darrow
The four-year-old company focuses on helping large companies use private and public cloud computing services within existing compliance and regulatory frameworks, said Servicemesh CEO and chairman Eric Pulier.
11/15/2011 – Geekwire, John Cook
Two Seattle companies are hoping that they can help streamline the way people buy or sell homes. DocuSign announced today that agents at Redfin — the fast-growing real estate brokerage firm — will use its electronic signature technology during transactions.
11/15/2011 – Techcrunch, Rip Emerson
As Erick wrote in September, over the course of the last year, Fotopedia has been hard at work at trying to reinvent the photo book for the iPad. To date, the so-called “Wikipedia for photos” has launched seven apps, two of which have been in partnership with National Geographic, and has racked up 5.2 million downloads since August of last year.
In September, as part of turning its attention to creating more magazine-like experiences, it launched the Fotopedia Magazine on Flipboard, which highlights five photo essays each day of the week from the company’s impressive bullpen of high-end photographers. And, today, Fotopedia is launching its eighth app and, in turn, is embarking on a new initiative that aims to leverage its photographic talent to begin creating branded experiences in magazine form, combining advertising with “premium content”.
Through a new partnership with Hakuhodo, Japan’s second largest advertising agency, Fotopedia is launching a new global brand advertising initiative that seeks to bring tourism back to Japan.
11/10/2011 – Josh Buckley, a 19-year-old serial entrepreneur, wants to build the dominant company in the mobile gaming industry. It’s not an easy task with everyone from Zynga to EA to various startups moving into the space. But Buckley, founder and CEO of MinoMonsters, has reasons to be excited. His company has raised $1 million in seed financing from Andreessen Horowitz, SV Angel, Y Combinator, Yuri Milner, General Catalyst, Ignition Partners, Raymond Tonsing, and Alexis Ohanian.
He’s the youngest entrepreneur funded by Andreessen Horowitz and was the youngest at Y Combinator as well. MinoMonsters cofounder TJ Murphy was cofounder of early social gaming startup Social Gaming Network, which was later acquired by MindJolt. Most recently Murphy was at Zynga.
MinoMonsters is preparing to launch its 99-cent mobile iPhone game in December. It’s a pet monster game that is meant to harken back to Pokemon, but updated for today…
11/9/2011 – “Self-checkout is what you make of it,’’ says Mike Grimes, CEO of the Quincy-based Modiv mobile media technology services company. “True customer service means choice. Albertsons and Big Y took that away from their customer. That is very likely not a good move.’’
11/9/2011 – Parse, a hot startup that serves as a ‘Heroku for Mobile’, has raised a $5.5 million Series A funding round led by Ignition Partners. Ignition’s John Connors will be joining the Parse board of directors — which is notable because he was a board member at Heroku prior to its acquisition by Salesforce for $212 million (Connors is also on the boards of Nike and Splunk). Parse had previously raised $1.5 million from Y Combinator and some top angel investors.
Parse’s mission is to help streamline the development process for mobile apps, effectively allowing developers to outsource their application’s server-side backend. Most smartphone apps today use server-side functionality for something — user accounts, data management, real-time updating, and more — but the knowledge required to implement these features tends to be totally different from the skills needed to build a solid iOS app in Objective C, or an Android app in Java.
That’s where Parse comes in: developers focus on building the client side of things, then add key features like data storage, Facebook integration, and user management using Parse’s SDK, which makes implementing these features much easier (creating a new user account, for example, takes four straightforward lines of code).
11/7/2011 – Ignition Partners, Greylock, Accel, In-Q-Tel, Meritech Capital Partners and others are pumping $40 million into Cloudera, a Palo Alto, California-based maker of software and services tied to the Apache Hadoop open source project.
Founded in 2008, Cloudera raised a $5 million round in 2009 and $25 million last fall. Total funding now stands at about $80 million. Frank Artale — who has been actively investing in cloud computing startups in recent months — is leading the investment for Ignition.
“Cloudera is the defining company in the Big Data industry and the popularity of Hadoop is increasing every day,” said Artale in a press release. “The Big Data space is moving fast — we looked at many investment opportunities and chose Cloudera due to their clear leadership.”