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Gains on university endowments at 11.7pct as investment returns recovers

The annual average return of university endowments was pegged at 11.7%, according to figures from the National Association of College and University Business Officers and the Commonfund Institute, Bloomberg reported.


Tech firms can now disclose information about government requests for customer data

For the first time, tech companies like Google Inc and Apple Inc will be allowed to give information about government requests for customer data, Bloomberg data.

Executives of New York Bitcoin startup arrested for alleged money laundering

Charlie Shrem and Robert Faiella, both executives of New York-based Bitcoin exchange business BitInstant, were arrested for money laundering in connection to the illegal drug transactions on an online black market, according to the Manhattan US attorney.

Massachusetts analytics firm Health Catalyst secures $41M in Series C funding

Massachusetts, US-based data warehousing and analytics firm Health Catalyst secured $41 million in a Series C funding round from existing investors to develop more clinical applications.


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Orlando, US-based online interactive education startup Treehouse launched a new course that aims to teach beginners how to create and design iPhone apps through tutorials and tests.
Venture capitalist and co-founder of Kleiner Perkins Caufield Byers Tom Perkins says he regretted comparing the rich to the Jewish victims of Nazi Germany in an interview with Emily Chang of Bloomberg West TV, VentureBeat reported.
Charlottesville, Virginia-based wind power developer Apex Clean Energy Inc raised around $4.4 million in the latest stage of its $25-million equity funding round which started last year.
Custom 3D-printed insole maker SOLS closed its seed funding round with $1.75 million. Led by Lux Capital, other investors also participated in the financing round for the firm that aims to provide wearers with the perfect fit and better performance, TechCrunch reported.
Dell announced that it will start carrying MakerBot's 3D printers and scanners - a deal that may remove 3D printing in the niche industry and push the technology into mainstream.
Vint was able to secure seed funding worth $1.8 million led by Nordics VC Creandum and joined in by other venture capital firms and angel investors, including Zumba investor David Giampaolo.
For the its first quarterly earnings report this year, Apple beat analysts expectations when it came to iPad sales but did not do as well with iPhones, VentureBeat reported.
San Diego, US-based entrepreneur Ian Sells nabbed $50,000 on a Kickstarter campaign to fund the first batch of StrongVolt, a solar charger he created for smart devices.
Uppsala, Sweden-based program development tool Hansoft pocketed $8.4 million in its first round of funding led by Stockholm-based venture capitalist Spotify Creandum to support its sales and expansion programs.
FundersClub, the online network that links accredited investors with promising startups globally, has launched a community news site for private investors called "Venture News," VentureBeat reported.
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