A UK based provider of enterprise product management software solutions, Tribold, has raised $11 million in the latest round of VC funding. The current round was led by Intel Capital and was participated by returning backers DFJ Esprit and Eden Ventures. According to the CEO of Tribold, John Rainger:
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The Huffington Post has acquired the comedy site 236.com and now the news site will integrate the later into a new comedy section called Huffington Post Comedy. The financial terms of the deal were not disclosed.
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Santa Clara, California based online advertising network GoInternetMedia, has raised $10 million in the first round of funding. The round was led by Kennet Partners. According to the president of GoInternetMedia, Al Abhari:
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Denver based content aggregation tools and services provider NewsGator Technologies Inc., has raised $10 million in the fifth round of funding. The round was participated by returning backers including Masthead Venture Partners, Mobius Venture Capital and Vista Ventures. Despite the current financial difficulties, the company is doing good and it just had the strongest quarter since it started.
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According to Forrester report released today, IT spending this year is expected to fall short 3% globally. For the first time in seven years, the IT industry the industry is has not grown. Around $1.66 trillion is expected to drop this year. According to the vice president of Forrester Research, Andrew Bartels:
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San Francisco based company Astro Gaming has raised $3.5 million in the second round of funding. The amount will be used by the company for its gaming headset and accessories business. Astro Gaming launched its headsets early last year for $250. The company expects to conclude the current round with $1.5 million more within the coming three months.
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Nvidia the largest graphics supplier, will be cutting 40%-50% of its revenue forecast of the fourth quarter. Last week Intel also degraded their fourth quarter sales forecast for the second time in the past few weeks. Both companies are facing a decline in customer demand. With the new forecast, Nvidia will fall short $2 billion of the original target.
According to Nvidia:
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