Intercasting gets USD 12 million

Rating: bubble

Intercasting Corp, a provider of mobile social network tech got USD 12 million in Series B investment from Venrock Associates.

Intercasting has developed Rabble and has now secured near USD 18 million. Partners include Virgin Mobile and 3 UK

What we think?
There is a bubble surrounding mobile social networking at the moment and we hope that the investment is not premature as bubbles tend to burst.

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