Gaikai Inc., the cloud-based game streaming service, today announced Intel Capital and Limelight Networks (NASDAQ: LLNW) as investors in the company. Gaikai will launch in the summer of 2010, with servers powered by Intel's Six-Core processors and Intel Solid State Drives, running through the key nodes of the Limelight network.

Apple today announced that iPad will be available in Austria,Belgium, Hong Kong, Ireland, Luxembourg, Mexico, Netherlands, New Zealand and Singapore this Friday, July 23. iPad is currently available in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland, the UK and the US for a suggested retail price of $499 (US) for 16GB, $599 (US) for 32GB, and $699 (US) for 64GB for iPad Wi-Fi models and $629 (US) for 16GB, $729 (US) for 32GB and $829 (US) for 64GB for iPad with Wi-Fi + 3G models.

Venture capitalists invested $6.5 billion in 906 deals in the second quarter of 2010, according to the MoneyTree Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters.

Gendai Games, makers of the GameSalad game creation tool allowing non-programmers to create games for the iPhone and iPad, today announced that it has closed its Series A round of venture capital financing reportedly valued at $1 million. The round was led by DFJ Mercury and includes co-investment from Steamboat Ventures, DFJ Frontier and ff Asset Management as well as individual investors Paul Bricault, Paige Craig, Tom McInerney, Josh Resnick and Mark Suster.

Venture capitalists in the United States widely expect their industry to contract while those in emerging markets, including China, India and Brazil, expect to see their ecosystem expand over the next five years, according to the 2010 Global Venture Capital Survey by Deloitte and the National Venture Capital Association.

hi5 has closed $14 million in venture financing, led by Crosslink Capital. This is its second round of financing, following an initial venture round of $20 million in July 2007 led by Mohr Davidow Ventures, bringing the total venture capital raised to just over $34 million. Jim Feuille, General Partner at Crosslink Capital, will join the hi5 board of directors.

Cell phone and wireless laptop internet use have each grown more prevalent over the last year, according to a Pew Internet research report. Nearly half of all adults (47%) go online with a laptop using a Wi-Fi connection or mobile broadband card (up from the 39% who did so as of April 2009) while 40% of adults use the internet, email or instant messaging on a mobile phone (up from the 32% of Americans who did this in 2009). This means that 59% of adults now access the internet wirelessly using a laptop or cell phone—that is, they answered “yes” to at least one of these wireless access pathways. That adds up to an increase from the 51% who used a laptop or cell phone wirelessly in April 2009.

MTV Networks (MTVN), a division of Viacom, Inc. (NYSE: VIA, VIA.B), today announced that it has acquired Social Express, Inc., a social gaming development company, marking the company's first entry into the social gaming space. MTV Networks will develop social games based on original IP, as well as shows and characters from MTV, Nickelodeon and its other brands, with the first game to be introduced in the third quarter of 2010.

Offerpal Media announced that its alternative payment solutions will now be available to developers of social games and other applications distributed through the Yahoo! Application Platform (Y!AP). Y!AP, which is part of Yahoo!'s Open Strategy, is an open application platform available to enable developers to build applications on Yahoo! properties, such as the Yahoo! homepage. Yahoo! reaches more than 600 million users every month.

Redline will resume publishing on July 6, due to the Fourth of July holiday.