The news of Facebook’s acquisition of mobile photo-sharing service Instagram for $1 billion this week may be fueling the dreams of tech start-ups of every stripe, including those in the semantic tech community. In fact, they may have even greater reason to be inspired: A recent report has it that Instagram has been slowly rolling out an Open Graph integration for the app accomplished in collaboration with Facebook for seamlessly publishing photos to users’ Timelines in what may be the first of similar partner-deals down the road.
Other startups infused with semantic tech smarts may be on high lookout for funding opportunities as an important part of making those dreams come true. Thomson Reuters and The National Venture Capital Association this week released funding stats for the first quarter of 2012 that could put a bit of a damper on things: It found a 35 percent decrease by dollar commitments and a 9 percent decline by number of funds, compared to the first quarter of 2011. But, according to a statement by Mark Heesen, president of the NVCA, venture firms “appear to be more optimistic about the fundraising environment in 2012.”