Seeding the Cloud
Femto chipmaker Picochip grabbed an impressive $20 million and is now talking about an IPO. A solid result, especially given the recent predictions of falling femto shipments. (See Femto Forecast Cut and PicoChip Bags $20M, Plans IPO.)
Even more impressive in some ways is the $10 million grabbed by startup Evernote Corp.. The Sunnyvale, Calif.-based company will put the money toward its software service that allows users to write notes on various mobile devices and access them anywhere. Think of it of it as a giant Post-it note in the sky!
Since its launch in June 2008, the Evernote service has gathered nearly 2 million users, and has launched versions of its software for Windows, Mac, Web, iPhone, BlackBerry, Palm Pre, and Windows Mobile.
In this financial climate it is somewhat surprising that a software company has grabbed $10 million in Series B funding. I suspect it is in part because Evernote fits very nicely with the very trendy concept of cloud computing.
— Dan Jones, Unstrung