Trusper, an application that allows users to share and find lifestyle tips, received $6.17 million for its Series A funding round led by DCM and joined in by other investors, a statement about the funding said.
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Sony Computer Entertainment honcho Jack Tretton steps down
Sony Computer Entertainment America (SCEA) honcho Jack Tretton is stepping down as the head of the US PlayStation division as part of an agreement with SCEA not to renew his contract.
DigitalOcean gets $37.2M in round led by Andreessen Horowitz
DigitalOcean, the cloud-hosting site built for developers, obtained $37.2 million in fresh funding in a round led by Andreessen Horowitz and joined in by IA Ventures and CrunchFund, VentureBeat reported.
Spotify snaps up American music discovery engine Echo Nest
Sydney, Australia-based music streaming firm Spotify snapped up Somerville, US-based music discovery engine The Echo Nest for an undisclosed amount to create an improved music discovery service for its clients.
San Francisco business social network Townsquared bags $5.26M in funding
San Francisco, US-based business social network Townsquared bagged $5.26 million in its first funding round from undisclosed investors to allow business owners and employees connect and engage with each other.
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Video distribution platform Vimeo has announced a $10 million fund targeted for filmmakers to distribute their content on Vimeo On Demand exclusively for a certain period of time, TechCrunch reported.
San Diego, US-based facial expression recognition startup nabbed $6 million in a Series B funding round led by Seth Neiman and launched an app for Google Glass to track people's sentiments.
New York, US-based news website Business Insider raised $12 million in a funding round led by Amazon chief Jeff Bezos for the expansion of its workforce and subscription service.
San Francisco, US-based ad-tech startup TripleLift scored $4 million in a Series A funding round led by True Ventures to expand its workforce and automate native advertising.
Payoneer Inc, a New York-based online payments platform, has secured $25 million for its Series D funding round led by Susquehanna Growth Equity and participated in by existing investors, a statement about the funding said.
New York, US-based business workshop Javelin Inc landed $1.5 million in a funding round led by Mark Suster and Upfron Ventures to teach big companies to innovate like a startup.
Massachusetts, US-based office supply retail chain Staples will shut down 225 stores across North America by 2015 to push its online business and cut costs amid huge revenue losses.
Sunnyvale, California-based Internet giant Yahoo snapped up Portland, Oregon-based automated graphic design startup Vizify for an undisclosed amount as part of its on-going acquisition spree of design-focused startups.
San Francisco, US-based venture capital firm Founders Fund gathered $1 billion for its fifth investment fund called Founder Fund V which will back startups from various sectors.
