Market Analysis & Industry News

76% of US libraries lend ebooks and 40% lend out eReaders according to the American Library Association. link

Product Releases

Microsoft released the Surface, a new tablet running two versions of Windows, a consumer and pro-version. The cover of the Surface doubles as a keyboard. The tablet is 0.9 inches thick and  will cost between $600 and $1000 depending on the processor, flash storage, OS and mobile data options. link

Square has launched a loyalty card program that is embedded in their mobile applications. The application counts visits, offers rewards and attracts users with coupons.  link

Facebook has released a Like API for mobile applications that enables developers to create their own Like button in any form, not necessarily using the thumbs up button. Liked content is published to the feed as normal.  link

Google has launched newsletter signup AdWords. These ads allow an advertiser to solicit an email address from a user directly on a Google.com ad.  link  Separately, Google has launched Coordinate, a Maps based tool to organize and manage mobile teams, like electricians, truckers. link

Company Announcements

Facebook is moving away from its Credit system, 18 months after requiring all developers use the currency. Instead, Facebook will allow developers to continue using their own currency without requiring users to buy FB Credits first. The company is also releasing a gaming subscription product later this month. link

EventBrite announced $1B in cumulative ticket sales. link

Evernote announces 34M users, 4.1% of whom pay (1.4M). The company also announced the iPad is the highest ARPU platform at $2.18 per year per install, 20% higher than iOS. For users using Evernote’s vertical applications called Food, Skitch and Hello, ARPUs are 3 to 5 times greater.   link

Greplin is changing its name to Cue and has refocused its product on data organization, providing users a summary of their day using all the data aggregated from their previous and still functional search product.  link

Airbnb announced 10M nights booked, 44% of those in the US. The company has 200,000 active listings.  link


Citrix acquires social SaaS provider Podio for $53M. link

Facebook has acquired Face.com, a provider of facial recognition technology, for up to $100M.  link

WPP has acquired digital agency AKQA for $550M. link


Company Description Investment Investors
Crushpath LLC Crushpath LLC provides Crushpath, a platform solution to assist salespeople in managing deals. The company’s platform allows salespeople to control and do various things to get a deal done. 2.0 Charles River Ventures; The Social+Capital Partnership
MemSQL, Inc. MemSQL, Inc., a big memory technology company, develops database technologies for capital markets, Ad serving companies, and mobile applications. 3.0 New Enterprise Associates; First Round Capital; Y Combinator; SV Angel; IA Ventures
Duolingo, Inc. Duolingo, Inc. offers a language learning website where students learn a foreign language while simultaneously translating text. The company was founded in 2011 and is based in Pittsburgh, Pennsylvania. 3.3 Union Square Ventures
Yesware Inc. Yesware Inc. provides email services for sales people. The company was incorporated in 2010 and is based in Watertown, Massachusetts. 4.0 IDG Ventures; Foundry Group; Google Ventures; Golden Venture Partners, Inc.
ESO Solutions Inc. ESO Solutions, Inc., a software as a service company, provides electronic patient care reporting (ePCR) software and billing services to EMS and fire organizations 4.0 Austin Ventures
Cue Cue provides a consumer mobile search utility. 4.8 Sequoia Capital
Bluebox Bluebox develops technologies to ensure the security of enterprise data on mobile devices. The company was founded in 2012 and is based in San Francisco, California. 9.5 Andreessen Horowitz
CodeAcademy Ryzac, Inc. develops an online application that teaches users; how to write a program. The company offers its online service through its online platform Codecademy. Ryzac, Inc. was incorporated in 2011 and is based in New York, New York. 10.0 Kleiner, Perkins, Caufield & Byers; Index Ventures; Union Square Ventures
NaturalMotion Ltd. NaturalMotion, Ltd. develops and markets animation technologies for games, film, post production, and broadcast markets. Its products include endorphin, a 3D animation tool based on dynamic motion synthesis that enables to develop animation data in a fraction of the time of traditional techniques, such as key-framing and motion capture. 11.0 Benchmark Capital
88Volts, Inc. 88Volts, Inc. develops Web-enabled video monitoring solutions. It offers an Internet-accessible camera or IP camera, and an online service that enables users to see what happened and share it with family and friends 12.0 Accel Management Co, Inc.; Bay Partners, LLC; Menlo Ventures
CloudOn, Inc CloudOn, Inc operates a cloud-based mobile workspace. The company was formerly known as AppToU, Inc. The company was incorporated in 2009 and is based in Palo Alto, California. 16.0 Foundation Capital; Rembrandt Venture Partners; TransLink Capital; The Social+Capital Partnership
UniversityNow, Inc. UniversityNow, Inc. provides online education services. UniversityNow, Inc. was incorporated in 2010 and is based in San Francisco, California. 17.0 Greylock Partners; Novak Biddle Venture Partners; Bertelsmann AG; Kapor Capital; University Ventures
Bromium, Inc. Bromium, Inc. develops virtualization and security technology. The company was founded in 2010 and is based in Cupertino, California. 26.5 Highland Capital Partners; Ignition Partners; Intel Capital; Andreessen Horowitz
ideeli, Inc. ideeli, Inc. owns and operates an online retail portal of fashion apparel for men, women, and children; and home décor and travel products. It offers products in the Continental United States, Puerto Rico, Alaska, and Hawaii. The company was founded in 2006 and is based in New York, New York. 30.0 Credit Suisse Private Equity, LLC
Rethink Robotics, Inc. Rethink Robotics, Inc. develops and produces industrial robots that help businesses in manufacturing, automation, and outsourcing applications. The company was formerly known as Heartland Robotics, Inc. and changed its name to Rethink Robotics, Inc. in June 2012. Rethink Robotics, Inc. was founded in 2008 and is based in Boston, Massachusetts. 30.0 Charles River Ventures; Draper Fisher Jurvetson; Highland Capital Partners; Sigma Partners; Bezos Expeditions, LLC
Ooyala, Inc. Ooyala, Inc., a video technology company, provides online video management, publishing, analytics, and monetization technologies to print, TV, online media, and consumer brand companies worldwide. 35.0 Sierra Ventures; Rembrandt Venture Partners; The CID Group; Telstra Applications and Ventures Group
Sonos, Inc. Sonos, Inc. manufactures home audio products. It offers wireless home systems, HiFi music players, controllers, wireless subwoofers, speakers, and accessories that allow users to wirelessly manage music, create playlists, organize songs in one place, and individually control the volume in various rooms. 45.0 Kohlberg Kravis Roberts & Co. (NYSE:KKR); Redpoint Ventures; Elevation Partners
Uruguayan Scantech 50.5 Sequoia Capital