Sony is under a lot of financial stress and has laid off 8000 permanent employees and a similar number of contractual employees. However it seems that none of this has any affect on the PlayStation division as the company intends to retain each and every employee in the gaming console division. David Reeves, President of Sony Europe, has confirmed this in an interview with Dutch TV RTL:
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Telanetix, a Bellevue, Wash.-based startup that provides VoIP services, has raised $1.5 million in second round of funding from undisclosed investors. The company has previously raised $2 million in August from investors whose identities were also not disclosed. The funding will be used to expand retail operations of the startup.
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Shana Madoff Swanson, the niece of Bernie Madoff and an employee at Madoff Securities, has deleted her Facebook profile. The move might have been triggered to avoid prosecutors and general public from gleaning some evidence about her potential involvement in the massive Ponzi scheme that Madoff managed to pull off for so long. Could this move be taken as obstruction of justice and destruction of potential evidence ? What do I know.
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Trapeze Networks, a Pleasanton-California based startup that provides wireless network equipment and management systems has acquired Newbury Networks, a company that excel in tracking wireless assets. Newbury Networks will maintain its independent status within Trapeze and will retain all of its sixteen employees. The company has previously helped manage transport of health care equipment and managed supply chains for companies such as Apple, Hewlett-Packard and the National Security Agency.
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Chegg, a Santa Clara-California based startup that has created an online marketplace for textbook rentals, has raised $25 million in third round of funding from Kleiner Perkins Caufield & Byers and Foundation Capital with participation from return backers Gabriel Venture Partners and Primera Capital. Chegg will use the financing to grow the site, increase the textbook rental catalog and expand its market leadership position.
“Chegg.com is executing its strategy to save students millions of dollars a year with online textbook rentals,” said Osman Rashid, CEO and co-founder of Chegg.com. “With this funding Chegg.com will be able to reach even more students, with more books and more money saving services. We are proud to welcome KPCB and Foundation Capital to our team.”
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Rebit, a Longmont-Colorado based startup that provides solutions to backup PC data, has raised $5.7 million in second round of funding from Access Venture Partners, Grotech Ventures, and Highway 12 Ventures. Rebit provides fully automated backup and complete system recovery for Windows XP and Vista. Rebit’s solution not just backs up data but also restores the apps and the entire operating system.
“We are gratified that this stellar group of investors has shown such tremendous confidence in Rebit during these challenging economic times,” commented Lew Frauenfelder, chief executive officer, Rebit. “I am energized by our current achievements, and would like to thank Rebit’s knowledgeable and dedicated employees for their significant contributions. I am equally grateful to Rebit’s customers, who are exceptionally supportive and enthusiastic about our products. I have no doubt that Rebit’s products and roadmap will bring us continued success.”
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Rx Networks, a Vancouver-Canada based startup that develops mobile positioning technologies has raised C$1.85 million in a venture round which expects to rack in C$3 million in March from existing investors British Columbia Discovery Fund (VCC) Inc., Audiovox Canada and TELUS.
“Assisted-GPS is the underlying technology accelerating the availability of location-aware mobile products and services,” said Guylain Roy-MacHabee, President and CEO of Rx Networks. “This funding enables us to support the integration and licensing of our innovative assisted-GPS performance acceleration solutions with a growing list of industry-leading GPS chipset and device manufacturers.”
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Yahoo is shutting down Jumpcut, the online video editing service that Yahoo acquired in Sep 2006. Their website has stopped accepting new uploads to Jumpcut for editing and states:
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SixApart has launched Motion, a new software package that would allow you to have install a micro-blog on your site right off the shelf. So in another way its twitter in WordPress way i.e now you could that microblog of yours hosted on your own servers. Motion features a blog editor, has integration with services like Flickr, YouTube, and Twitter. In addition to this the software comes with off-the-shelf support for Facebook Connect, Google Friend Connect, and OpenID – so you wont have to ask users to register in order to comment on your site.
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Stax Networks, a Seattle-based startup, has launched a Google like AppEngine for Java applications. The platform allows Java developers to create, test and deploy Java applications on Stax, which is built on top of Amazon EC 2 infrastructure. Stax is not charging developers at the moment, but you can expect them to provide premium model for developers in order to market and promote their services and products as the size of the services increase. The company has raised a venture round from Baseline Ventures in late 2007, which is rumored to be under $1 million.
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