Yandex, a Russian internet group, announced on its website that it will be opening an office in Berlin. The new office is a sign that the Russian firm is ramping up its foreign ambitions, Reuters reported.
Country
Maryland-based education technology firm Allovue secures $800K in seed round
Allovue, an education technology firm based in Baltimore, Maryland, received $800,000 for its seed funding round from Maryland Technology Development Corporation, Baltimore Angels and Shulman Ventures.
California-based restaurant reservation platform OpenTable acquires Ness in $17.3M cash deal
San Francisco, US-based online real-time restaurant reservation platform OpenTable acquired Palo Alto, California-based personalized recommendations app maker Ness Computing in a deal valued at $17.3 million.
"Pre-commerce" platform Celery secures $2M in seed funds
Y Combinator, SV Angel, Max Levchin and other investors provided seed funds amounting to $2 million to San Francisco, California-based "pre-commerce" platform Celery to help grow the team and develop its storefront features.
Munich-based Teqcycle gets backing of T-Venture Holding
Teqcycle Solutions, a Munich-based firm that provides mobile devices trade-in and reuse solutions, has bagged an undisclosed investment from T-Venture Holding, a subsidiary of Deutsche Telekom.
Latest News
Indian fashion portal confirms $50M capital injection from Premji Invest and rejects Flipkart merger
Bangalore, India-based fashion portal Myntra confirmed that it raised $50 million in a new funding round led by Premji Invest, and decided not to pursue a merger with Indian e-commerce giant Flipkart.
Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.
Sussex, Wisconsin-based commercial printing firm Quad/Graphics Inc bought Boston-based family-owned printing business UniGraphic Inc for an undisclosed amount as part of its expansion strategy via acquisitions.
London, UK-based engineering and support services firm Babcock International Group added Oman-based oil and gas training organization National Training Institute (NTI) for an undisclosed sum to extend the latter's training services to the UK.
Japan-based Sumitomo Corp agreed to acquire Australia-based Emerald Agribusiness Group Pty. The purchase allowed the Japanese trading firm to control the storage facilities and export terminal of Emerald, Bloomberg reported.
Jaguar Animal Health Inc, a company that focuses on making veterinary products, received $2 million from BioVeda China Fund, a private equity firm based in China.
Hackers responsible for the data breach on Target stores over the holiday season gained access using log-on credentials for heating, refrigeration, and air conditioning, according to a post on Krebs on Security written by former Washington Post reporter Brian Krebs.
Facebook launched an individualized and automated "Look Back" video feature in time for its 10th anniversary, but a source said the social networking giant will be releasing an edit tool to allow users to customize the photos included in the clip.
Mineola-based LaunchPad in Long Island extended its reach to startups in Hungtington with the opening of LaunchPad Huntington, another co-working space where startups can rent desks and offices until they are able to expand to nearby offices.
