TechCrunch is reporting that one of the Archimedes LAbs portfolio companies – QFactor – has raised a $6.5m round of financing from Sigma Prime Ventures and Venrock.
I first met Subhash Roy in March 2012. He was a former associate of Archimedes CEO Kambiz Hooshmand. Subhash had licensed and developed a new algorithm that on the face of it was like magic. It could enable a bad wireless connection to perform almost perfectly, thus re-invigorating unused bandwidth. We helped with product planning and positioning and are now happy investors in Subhash’s company. Congrats to the entire team.
We are excited to be partnering with xTV as the first investor in their new funding.
xTV is a business to business platform enabling any owner of video assets to create their own branded TV Network, with an always on, 24/7 presence. The Network leverages both on-demand and live programming by integrating YouTube and other video sources, Ustream, LiveStream and other live sources, and feeds, such as a Twitter feed. The end result is a Computer, Big Screen or mobile viewing experience. A mobile device also has “second screen” capabilities.
xTV has set up several experimental networks, including one for TechCrunch TV (which I originally set up). I have to say that the ability to watch TCTV on a big screen (say in a lobby) or at home whilst working, makes me see a lot more of the content that I otherwise would. It also screams out for more real time content from TCTV. I can’t wait for the editors to make video production a matter of reflex every time they write a story. Perhaps interviewing the person via Skype along with their written notes. A regular news show would also sit well with me.
As we move to a world of connected TV’s, set top boxes and other “Over the Top” delivery mechanisms, those who invest in video content, especially live content available on-demand too, will reap the rewards as audiences grow and distribution expands. xTv is a great set of tools to begin the work of moving into this space. It adds brand coherence to otherwise dispersed video assets, whilst improving discoverability, watchability and engagement.
You can check out the experimental Networks at http://xtv-inc.com
Or tune into TechCrunch TV at http://techx.tv
Palo Alto, CA, 1pm, 14 February 2013
Happy Valentines Day everybody. If you are thinking of going Wind Surfing with a loved one, or perhaps Skiing, Kiting, Surfing, Snow Boarding. In fact any sport where the weather is key. Then you need Weendy. It is in the iTunes App Store and the Google Play Store.
The founders – Katerina Stroponiati and Yiannis Varelas – are Greek. Try saying “Windy” with a Greek accent and you get Weendy. A nice touch .
As they say on their web site:
“Find and share the best wind, wave and snow conditions with friends and people nearby with the same interests.”
It speaks for itself. And tens of thousands of beta users agree.
Today TechCrunch and the Wall Street Journal announced that Archimedes Labs had led the seed funding of Weendy. We are excited to be in business with the Company. Lets go Weendy!
Archimedes Labs was the first investor in Dominik Balough and Pavel Serbajlo’s M.dot. We are pleased to see that the founders have been busy on 2 fronts. Firstly their app has been launched in the Apple app store. It has garnered a ton of positive reviews quickly.. A great example is this one:
by Derek Sneed
I’ve only been messing around with it for 10mins, but so far I’m extremely impressed. I’m a web developer, so I was prepared to be jaded. But I found it to be smartly designed…. quite intuitive which surprised me really. The gathering of image or textual content from my existing website is very genius…. Specifically I want to say thank you for allowing us to pick and choose content, rather than just importing all of it. Great job. Look forward to fiddling some more.
Additionally, the team has closed $600k of additional seed financing from Mike Maple’s Floodgate, SV Angel and others.
Congratulations to the team.