Apple is kicking tail.
Indigo Systems announced Tuesday that it has received $17.6 million in a first round of funding from the Carlyle Group, Founders Capital Partners, Lago Ventures and WK Technology Fund. As a result of the deal, the Carlyle Group and Founders Capital will each occupy a seat on Indigo's board of directors. The Santa Barbara, Calif.-based company makes heat-sensing infrared cameras for commercial, industrial and military uses. Indigo will use the funding for the second stage of its strategy, which is to produce products at commercially viable prices for global markets. The company has completed its initial strategy with seed funding raised from Northrop Grumman in 2000 and has built a manufacturing plant.
Be Free, a behind-the-scenes technology provider for online retailers, has entered into a $17.6 million financing agreement with Charles River Ventures, Comdisco Ventures, and Matrix Partners. The company said it will use the money to expand its sales and marketing, client services, and technology-development operations. Separately, Be Free named Gordon Hoffstein, former chairman and CEO of PCs Compleat, a direct PC reseller, its president and chief executive.
According to new data, 19 billion chat messages were sent each day last year, compared to 17.6 billion SMS messages.
The software giant will invest $300 million in a new Barnes & Noble subsidiary, giving it a 17.6 percent equity stake in the company. The Nook digital bookstore will be bundled with Windows 8.
Unsurprisingly, Nikon's replacement for the D40, the D3000, is faster with higher resolution.
Shares plunge 17.6 percent in intraday trading after the enterprise software behemoth warns that its third quarter revenues will come in short of analysts' projections.
Almost 50 years after the space agency was founded, is it still worth spending $17.6 billion in taxpayer money a year to keep it going?
The worldwide commercial satellite industry garnered $65.9 billion in revenue in 1998, up nearly 15 percent over the prior year, according to a study by the Satellite Industry Association. The U.S. satellite industry generated $30.7 billion in revenue, representing nearly half of the global market. Satellite manufacturing accounted for $17.6 billion of total worldwide industry revenue. Satellite services totaled $26.2 billion, while the launch industry generated $7 billion in revenue.
The number of people using ISPs has more than tripled to 17.6 million since last year, eclipsing those using the big online services.