“But I have a fondness for crazy ideas because when we started MP3 it seemed crazy to everyone as well.”
PerfectStream is set to change the way we consume audio and video content over the Internet, as the technology allows all IP-enabled devices from mobile phones, to TVs to “dumb” devices like digital picture frames to stream personalized content from a variety of sources.
We’re also excited to be working with Kosmix‘s RightHealth health site, which pulls together information about various health subjects and consolidates the data into a comprehensive package, ideal for patients, caregivers, and those concerned about particular health matters (aren’t we all).
Today also marks the first exit in 2010 from pan-European VC, Wellington Partners. This proves that Wellington’s strategy is paying off as they have sold their stake in eCircle, one of the leading email marketing service providers worldwide, to TA Associates, Boston, as part of a majority investment of over €60 million of the Boston-based growth private equity firm.
There are a couple of other big new developments on our side which we’ll reveal soon, but we’re very excited and happy with the way 2010 is going. Onwards and upwards!
This week San Francisco is playing host to journalists from around the world as MacWorld kicked off and many wondered what the big news would be. While the announcements weren’t earthshaking (most notably – iTunes will be DRM-free), there was significant discussion about the health of Steve Jobs and his revelation of hormonal issues as the cause for his dramatic weight loss. Whatever is the culprit, I do hope he has a healthy recovery. Apple‘s stock has slightly risen – a reflection that pulling the wool over our eyes and saying Steve was simply suffering from a “common bug” wasn’t convincing anybody.
Meanwhile, while in Silicon Valley, Rory Cellan-Jones of the BBC gave viewers an inside peak into the Google campus – lavish in all its amenities and providing all the accoutrements to fill a tech worker’s heart and mind. Then he popped over to the Kosmix office – quite humble in appearance but formidible in entrepreneurial spirit. I enjoyed the humility, optimism and sheer determination that was evident in the interview. Kosmix recently announced the launch of its beta version, as well as a significant new round of funding led by Time Warner. Their appearance on the internationally-acclaimed BBC News is a great way to start off the new year
While the recession looms heavy over our heads and layoffs abound, it’s good to hear good news emerging out of Silicon Valley. Kosmix, a company that is twisting the traditional search model on its head, has just raised $20 million, led by Time Warner and other luminaries investors, bringing the total to a cool $55 million. This is a testament to the co-founders Venky Harinarayan and his business partner Anand Rajaraman, who co-founded Kosmix in 2005 with the vision to connect people to the information that makes a difference in their lives. Instead of wading through pages and pages of three-lined links in traditional search engines, Kosmix takes the work out of search and instead automatically categorizes and organizes relevant information from a variety of sources (photos, videos, community comments, web pages, blogs) so we can discover new things about our search topic. In fact, have you ever wondered what Consort really means? Check out the way Kosmix provides the answer here.
Plus, Kosmix has also revamped their site – check out the shiny new “beta-ish” version at Kosmix.com.