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Wednesday roundup: Valleywag's take on Findory, Zino's investment tally, Battelle on SpamArrest, etc.

There's a lot happening, so here is a quick look at some of the stories I am tracking:

  • The big funding announcement of the day is a $59.5 million whopper in Cambridge, Mass.-based online video distribution company Brightcove, an investment that could send shudders up the spines of Seattle competitor GridNetworks. (It has raised about $500,000). Or maybe it will just "validate" the online video market even more.

    Picture
    A record flight for Insitu's spy plane

  • Insitu's unmanned aircraft ScanEagle just completed its longest flight of 28 hours and 44 minutes, eclipsing the aircraft's previous record of 22 hours and 10 minutes. The 15-year-old Bingen, Wash. company, which received a $23 million investment for the spy plane last May, used a kerosene-based fuel on the record flight.

  • Zino Society, the Seattle club that combines wine and angel investing, said that it helped facilitate $7 million in funding for life science, consumer and technology companies last year. The club now boasts 238 members.

  • Quality control problems at the Redmond factory of Physio-Control has led parent company Medtronic to suspend shipments of external defibrillators in the U.S., a move that will also result in the delay of Physio-Control spinning off into a publicly-traded company.

  • Gnomedex founder and blogger extraordinaire Chris Pirillo discusses why he subscribed to Clearwire, noting that the Kirkland wireless Internet provider offers a good backup for when Comcast goes down and provides a separate network on which to transfer large files.

  • Valleywag has a funny post on the best ways "to wind down a faltering startup," using Findory founder Greg Linden as an example. Earlier this week, the Seattle entrepreneur said he was shutting down the online personalized news service after accomplishing many of his goals

  • Seattle biotechnology upstart Inologic has won a $1.07 million contract from the Department of Defense to continue research on a drug that could protect fire fighters, military personnel or others who are exposed to radiation. The contract is especially of interest given the recent death of ex-Russian spy Alexander Litvinenko, who died of exposure to the radioactive material polonium-210.

  • The Future of Real Estate Marketing comments on Oodle's new online real estate index, questioning the quality of the data from the San Mateo, Calif.-based online classifieds service since most of it is culled from the Internet.

  • John Battelle wonders if Seattle-based SpamArrest has cornered the market on blocking e-mail Spam.

    • Posted by at January 17, 2007 10:20 a.m.
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