September 10, 2007
Welcome to the September 10 edition of the Startup Search Weekly Web Wrap-up. Each week we summarize news and announcements affecting the web technology ecosystem. In this week's issue: Multiply raises a large round, iPod touch reaches out to the Web, Silverlight lights up web video, and AMD speeds up servers.
Multiply raises $16.6 million
Social networking site Multiply announced a $16.6 million Series B financing on Friday. VantagePoint Venture Partners led the round with additional participation by Point Judith Capital and previous investor Transcosmos Investments. David Scott Carlick of VantagePoint, and former chairman of MySpace parent company Intermix Media, joins the Multiply board.
Apple introduces iPod Touch
Apple upgraded its entire line of iPods on Tuesday, including the new Wi-Fi enabled iPod touch. The iPod touch features the same built-in web browser as Apple's iPhone, connecting the world's most popular portable media device to the full Web on-the-go. Web companies developing special versions of their site for the iPhone now have a larger possible audience of mobile users with high-resolution 480 by 320 pixel multi-touch displays.
Microsoft releases Silverlight 1.0
Microsoft released the first version of its Silverlight browser plug-in on Tuesday. Silverlight is Microsoft's new cross-platform technology for rich Internet applications including compiled JavaScript, high-quality video, and .Net development extended to the web browser. Silverlight introduces new competition for Adobe's popular Flash Player and should gain popularity in online video and other applications.
AMD adds quad-cores to server lineup
AMD upgraded its server chip offering today with the introduction of Quad-Core AMD Opteron processors. These latest chips offer 4 computer processors on a single silicon die to speed up processing times and complex mathematical functions. Startups will receive more computing power for the same or cheaper pricing across all server processor families as a result of this latest release.
