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What’s the latest battle in the mobile app space? It’s probably going to be around automatically editing videos on mobile devices, as apps from cloud-based video editing services like Animoto and Magisto begin to emerge on the iPhone and other mobile devices. Read more »

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Cloud video editing startup Magisto is coming to market with a new service that will take raw video files and make them worth sharing with friends and posting on Facebook. The company is also announcing $5.5 million in financing from Horizons Ventures and Magma Venture Partners. Read more »

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