Dailymotion, Europe’s biggest online video challenger to YouTube, on Thursday said it had raised $25m in a new funding round led by the French Sovereign Fund (FSI). The French strategic investments fund, which is 49 per cent owned by the government, contributed $11m to the round, with all the existing investors, Advent Venture Partners, AGF PE, Partech International and Atlas Ventures, taking part.
Dailymotion chief executive Cedric Tournay also said the company had now hit break-even and expected to make a profit next year. The site now attracts around 60m unique users each month, up from 35m a year ago. Although it is dwarfed by YouTube, it is doing well to survive and grow in a market where competitors like Joost and Veoh have had to retreat. Read more
With dozens of smartphones powered by Google’s Android operating system set to hit the market, a different challenger to the Apple iPhone was on display in Tokyo today: the Else, from London-listed Israeli technology company Emblaze, using software made by Access of Japan.
The two companies are making bold claims for the device, long in development under the codename of Monolith. “Imagine a device that is not a phone surrounded by gimmicks you will not use; where the camera literally replaces your digital camera; you get real-time push email wherever you are in the globe; almost every song and film in the the world is one click away; and any one of its multitude of features is reached with no more than one light gesture of your finger and not buried deep inside folders within folders,” said Amir Kupervas, the chief executive of Emblaze Mobile.
The credibility of that statement was impossible to judge while watching Access’s chief technology officer demonstrate the device. Read more