San Jose's Playphone Raises $51.5M

Playphone is a San Jose-based company that specialized in multi-player social gaming for mobile devices. They are based on Airport Parkway and raised $51.5 million by selling off equity.

For more info on the company (and to get some games) check out their site over here.

Source: SJBJ

Pinger Receives Additional $7.5M from VCs

A hot new start-up based in Downtown San Jose has raised $7.5M from Deutsche Telekom. They currently have a mobile app that lets you text for free on Android devices and text or call for free on iOS devices. You can get links to download their app right over here. Their eventual goal is to build an international free global network with the support of carriers. I imagine most of the $7.5M will go towards building the right partnerships.

Source: SJBJ