Yahoo Paid $30 Million in Cash for 18 Months of Young Summly Entrepreneur's Time
allthingsd.com
Earlier today, Yahoo said it had acquired the trendy and decidedly stylish news reading app Summly, along with its telegenic and very young entrepreneur Nick D’Aloisio. Yahoo said it plans to close down the actual app and use the algorithmic summation technology that the 17-year-old D’Aloisio built with a...
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Yahoo continues its mobile spending spree with acquisition of intelligent news app Summly
www.theverge.com
Today, Yahoo announced it has acquired Summly, an iOS news app that uses a combination of natural language processing and algorithms developed by famed scientists to pick out and deliver the most important parts of lengthy news articles. Like Yahoo's other recent acquisitions, Summly swill be shut down, and...
A Startup Dream Come True
www.businessinsider.com
When Nick D'Aloisio was fifteen, he founded Summly. Summly is a mobile news aggregation app that doesn't make any money, but no matter. Today, D'Aloisio sold his startup to Yahoo for close to $30 million, AllThingsD reports. It's not clear how much of the deal was cash versus stock. Either...
EXCLUSIVE: Paula Long's New $42 Million Startup Is An Ingenious Way To Do Big Data
www.businessinsider.com
Paula Long is known in the enterprise tech world as the co-founder of EqualLogic, a storage company bought by Dell for $1.4 billion in 2008. Last year, she began working on a new startup, DataGravity, still in stealth mode. Long has been tight-lipped about DataGravity. But she just opened up...
Facebook and industry roundup: Marin, SDKs, Dachis Group, Perfect Audience, more
www.insidefacebook.com
PMD Marin Software goes public – Ad tech company Marin Software today went public after raising $105 million from an initial public offering priced at $14 per share. The stock opened at $19 per share and closed at $16.26. Marin began in 2006 as a paid search company, but was an...
Funding Daily: Let's get healthy
venturebeat.com
It was the first day of spring this week, and we’re excited to shake off that flu season in exchange for allergy season. Yay! Investors are thinking along the same lines today, with two big deals in the health sector — one in genome chips that can read your...
Funding Daily: Hot out of the microwave
venturebeat.com
Last Thursday was 3/14, otherwise known as Pi Day. This Thursday is 3/21, and I wanted to make it, if not equally as delicious, at least on the tasty radar. Just think of all the yummy things that come out of a microwave. Popcorn. Leftovers. Hot fudge. See? 3/21 isn’t so...
Social marketing startup Dachis Group closes $7.5M funding round
venturebeat.com
Dachis Group, a social marketing software company, has announced a $7.5 million round of funding. The startup combines a few disciplines: social marketing, social analytics, and big data. The company’s products can track brand advocates’ social media impact, employee’s online activities, online marketing campaigns, and overall brand social performance,...
Family app Life360 launches premium version that emphasizes safety
gigaom.com
There’s a good deal of focus on family-oriented social networks right now, including apps like Path or neighborhood-focused sites like Nextdoor. But Life360 CEO Chris Hulls, who is launching the company’s premium features this week, thinks he has the better approach — and the user numbers and traction to back it...
Samsung Galaxy S IV preorders 446% higher than Galaxy S III
venturebeat.com
That new Android-based smartphone from the biggest phone manufacturer in the world with the big New York launch, the massive screen, and the 13-megapixel camera? Looks like it’s pre-selling like prototypical mobile hotcakes. Which brings up the question: who actually buys hotcakes, anyways? Carphone Warehouse, a big UK mobile...
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