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Once a week, the staff at Hunch stops work a little early. They leave their computers and convene around sofas in the back of the office in New York’s Flatiron district. They crack some beers and crank up the music. And then they pull out the board games.
Elemental Technologies, the leading provider of massively parallel video processing solutions, today announced it has raised $7.5 million in Series B financing. Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company, joined existing venture funds General Catalyst and Voyager Capital in the financing round.
OLX today introduced the OLX application available for free from Apple's iTunes app store. OLX users can now search local classified ads, reply to listings, & post ads with just a few simple taps and, as always, the use of OLX is completely free. OLX has been already available to mobile internet users for over three years with its mobile-friendly site accessible at http://m.olx.com and is now launching its application for all major mobile operating systems, beginning with the iPhone.