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Funding, Socialcast a communication tool that business can use to share knowledge by integrating social networking and messaging service has raised $1.4 million in Series A. The funding came from True Ventures and other angel investors. Along with that Om Malik, founder of tech blog, GigaOm will also be taking his seat among the Socialcast board of directors. Socialcast has got a lot of potential given that it lets users import  activity from sites like YouTube, your Gmail account and even your iPhone. Although it faces quite a tough competition from the famed Yammer.