Cambridge, Mass. -- Intercasting Corp., a provider of "location-aware" media networking technology for mobile devices, has raised 5.5 million in its first round of venture capital, led by Masthead Venture Partners and Avalon Ventures. San Diego-based Intercasting is partnering with wireless carriers to bring to market applications that allow people to communicate with each other and broadcast their amateur video, podcasts and photos to one another using their cell phones.
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