Purchase of a consumer hardware company marks a departure for the networking giant that has lately favored software applications companies.
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VCs continue to pour money into a market that links the mobile phone and social networking sectors but the technology has not yet caught fire.
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Scrapblog, the scrapbooking web site, announced Monday that it has raised an undisclosed amount of funding from Steamboat Ventures as part of its first round of funding.
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Time Warner unit, in need of Harry Potter magic, pursues 'Platform A' advertising strategy with acquisition of venture-backed firm.
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Passenger, which creates branded social networking platforms for companies that want to interact with and observe their customers, announced Series B funding round Tuesday.
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