SCVNGR, an app that flips the location-based craze on its head and turns it into a game, has raised $15 million in a new round of funding.
Balderton Capital, a European-based venture capital firm, led the round and the firm’s Barry Maloney will get a seat on the company’s board of directors. Google Ventures and Highland Capital Partners also participated in the latest round. The company closed an initial $4 million in funding at the end of 2009 and jumped out of the gates with some seed funding before that.
More than 650 institutions are building on the SCVNGR platform and the company has signed up some big brands to run promotional campaigns similar to what Foursquare is doing.
SCVNGR raises $15M in new funding
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants