Zing Systems raises $13 Million
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Will $13 Million help?
Depends on the terms and what they intend to do with it.
What does Zing Systems do?
Zing systems creates software and services to power portable entertainment devices. Devices using Zing have a distinct advantage over most, you do not need to connect them to a computer.
IDG Ventures Boston lead the round with Redpoint Ventures and Camp Ventures participating.
What will they use this funding for?
As Zing states, the mobile entertainment industry is exploding and they are positioning themselves at the forefront of the exploding.
Zing does not make physical devices, they make the software and provide services that make the device work. As of this writing a Sirius product is available with Zing and soon to be released is a SanDisk with Zing.
The software and service allows you to schedule and record your programming, on a Sirius device you would be able to record the programming you choose. Dare I say a TiVo like device for your satellite radio.
With their integration into Yahoo music you can purchase the songs you want directly as this device is WiFi enabled. Much like songs, you can record, pause, rewind, and play satellite music.
WiFi enabled devices are allowing Zing, and others that come along, to create a more powerful experience and easier to find the content you want when you want it without having to sync to your PC.
We expect to see many more competitors on the horizon as SanDisk’s first WiFi product is about to be released.
See their site here.
Read more about IDG Venture Boston here.
Read more about Redpoint Ventures here.
Read more about Camp Ventures here.