10gen, the open source document-oriented MongoDB creator, says Intel Capital
and Red Hat have made strategic investments in it.
It means to use the undisclosed amount of money for product development and
support of its rapidly growing worldwide community and user base. It has
visions of being the top NoSQL database on the cloud and is reportedly
It doesn't need the money. It's up to Series E and got $42 million in
September from VCs - who supposedly valued the company at between $500
million and $550 million - followed by an undisclosed investment from the
CIA's venture arm In-Q-Tel. Since 2009 the start-up has gotten more than
$73.4 million and with these last two undisclosed investments TechCrunch
thinks the total amount is now around $81 million.
That would mean, given filings, that Intel and Red Hat tucked $7.6 million in
10gen's jeans; and the CIA may... (more)
OK, so Apple can't find Paris on its maps. At least its maps aren't under
imminent threat of an injunction for patent infringement, which could happen
to Google in Germany unless it authorizes its Motorola Mobility subsidiary to
pay Microsoft the royalties it wants for its claims against Android and
Motorola is the only one left of the significant members of the Android
clique that hasn't buckled under to Microsoft's demands and that's only
because Google has a really bad case of the Microsoft Derangement Syndrome, a
variant of the Bush Derangement Syndrome.
Anyway, Mot... (more)
With Yahoo shares down better than 15% in the two trading days since it
climbed into bed with Microsoft, Microsoft CEO Steve Ballmer, the cat who ate
the canary and maybe forgot there for a moment that he didn’t buy the
company, told Microsoft’s annual analyst meeting Thursday that “It’s
sort of, like, unbelievable….Nobody gets it.”
Instead of carping about Yahoo not getting a boatload of money upfront, he
said they should focus on the $500 million boost to operating income it’ll
“This is a company that makes $700 million. You’re talking about a 70%
expansion just for doin... (more)
Zuora, the Marc Benioff-backed on-demand billing and payments start-up, has
announced what it calls the Z-Commerce Platform, a development platform
dedicated to monetizing cloud computing services.
Zuora CEO Tien Tzuo describes the widgetry as the start-up’s most important
product announcement to date, “a big step towards our vision of being the
de facto commerce engine for the cloud.”
With Z-Billing, Z-Payments, and Z-Force, its existing products, the
company’s supposed to have a suite of business cloud solutions focused on
driving revenue from cloud computing.
It figures there... (more)
Foxconn is losing its Apple monopoly.
Apple has signed up $7.4 billion-a-year Pegatron to build the low-cost iPhone
it's expected to bring to market later this year, according to the Wall
Pegatron, which started making iPad minis last year and made some iPhones the
year before, is another Taiwan-based contract manufacturer with factories in
China. Actually it's an Asustek spin-off.
Foxconn had manufacturing problems with the iPhone 5 last year that scratched
the metal cases and limited availability. It's also not getting the cost
advantages of scale like it used... (more)