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This Week in Venture Capital – Episode 4

Both Sides of the Table

Zong – mobile payments has been a very hot area over the past couple of years with the success and growth of both Boku and Zong. Boku and Zong focus mostly on mobile payments for virtual goods. It has proven a very successful strategy to get consumers to activate the payment on their mobile phone bill. VC Financings: 1.

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Nukona Scores Funding

socalTECH

San Diego-based Nukona , a developer of mobile application management software for the enterprise, said Tuesday that it has closed a funding round. The firm's CTO, Jeff Enderwick, was co-founder of Allegro Systems, which was acquired by Cisco. Size of the round was not announced. READ MORE>>.

Funding 150
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New Leader at Intel Capital Adjusts Strategy as Global Summit Opens

Xconomy

Intel Capital has invested $38 million in 12 technology startups since July, highlighting its venture investment focus on innovations in self-driving cars and machine vision, the Internet of Things, sports and health, drones, and virtual reality.

Capital 40
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Transaction Wireless Scores $2.25M

socalTECH

San Diego-based Transaction Wireless announced this morning that it has raised $2.25M in a Series A funding. According to the firm, it is developing mobile infrastructure for relationship marketing, including mobile POS and mobile gift cards. The funding came from Mission Ventures and Okapi Ventures. READ MORE>>

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Qualcomm and AT&T Partner to Use Wireless Network for Drone Flights

Xconomy

After signaling that it plans to operate drones via cellular technologies, San Diego-based Qualcomm says today it is working with AT&T to use commercial wireless networks for test flights beyond an operator’s visual line of sight.

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With $30M Infusion, Certona Aims for Bigger Share of Digital Retail

Xconomy

After raising $30 million, San Diego-based Certona said it is moving to accelerate its product development, expand its sales and marketing team, and improve its client services as an e-commerce technology vendor. We’ve been fairly capital-efficient in this fast-growth e-commerce space,” Sheik said. “It

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Mobileye Sets Safety-Based Rules of the Road for Self-Driving Tech

Xconomy

billion acquisition of the Israeli specialist in autonomous navigation technology. In a recent update, Mobileye co-founder and CTO Amnon Shashua said the company has almost doubled its workforce since the buyout. It plans to begin testing its self-driving technology in California next month.