InnerWireless Raises $3.0M
From: Texas TechPulse
InnerWireless, a developer of indoor wireless systems, has raised $3.0M out of a $5.0M funding round, according to a regulatory filing by the firm on December 2. No details on the funding have been announced by the company. InnerWireless has previously raised funding from investors such as Rho Capital Partners, Massey Burch Capital, and TAMC.
Read more at Texas TechPulse.
gWallet Raises First Institutional Round, Increasing Total Investments to $12.5M
From: PRNewswire
gWallet, a new monetization platform for social media, today announced it has closed its first institutional funding round led by Adams Street Partners and Trinity Ventures. This brings total funding raised for the startup to $12.5 million.
gWallet is the third startup for founder Gurbaksh Chahal who launched his first advertising startup, ClickAgents, at 16 and sold that venture to ValueClick for $40 million just two years later. His second venture, behavioral advertising network BlueLithium, was sold to Yahoo! in October 2007 in a $300 million transaction.
gWallet currently offers brand engagement opportunities across leading social media and social gaming platforms. With the additional funding, gWallet will open offices in Europe to better serve the growing number of global brands that wish to capitalize on the rapidly growing social media ecosystem.
Read the entire press release.
Ansca Mobile raises $1 million
From: The New York Times
Ansca Mobile, a company that was founded by Adobe veterans to create an alternative platform for iPhone development, has raised $1 million in its first outside funding.
Palo Alto, Calif.-based Ansca has created a platform called Corona, which it describes as the fastest, easiest way to build iPhone apps. The programming commands are supposedly simpler than the Objective C language used for most iPhone apps, but Corona still lets you take advantage of cool iPhone capabilities like the accelerometer and graphics acceleration.
In addition to Objective C, Ansca’s technology could also be seen as an alternative to Adobe’s Flash technology, which powers lots of web video and applications, and which Adobe is pushing onto smartphones. There’s a personal conenction here: Ansca’s chief executive Carlos Icaza and chief technology officer Walter Luh both worked on the mobile version of Flash when they were at Adobe. (Apparently Adobe’s still waiting for approval from Apple to bring Flash to the iPhone, but for now it’s adding a workaround that converts Flash apps into iPhone apps.)
Ansca has already launched version 1.0 of Corona, and says it plans to expand to other smartphone platforms eventually. The funding comes from Merus Capital.
Read the story from The New York Times.
Movik Raises $8.5 million
From: PE Hub
Movik Networks Inc., a Littleton, Mass.-based provider of solutions for bringing content and application awareness to the edge of the mobile network, has raised $8.5 million in second-round funding, according to a regulatory filing.
Return backers include Highland Capital Partners and North Bridge Venture Partners. Sean Dalton of Highland and Ed Anderson of NBVP sit on the Movik board of directors.
See the story at PE Hub.
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