Unlike the tech incubators of the 90s, New York-based Betaworks supplies its current roster of tech startups with business development advice, small doses of funding and connections to like-minded companies and investors. In the past year, the company has been successful with helping Summize get acquired by Twitter for $15 million and Tumblr to raise $4.5 million.
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> Microblogging Service Tumblr Raises $4.5 Million
> Betaworks Touts a "Now Web" Measurement Tool
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