Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.
Deals
CloudLock to debut new encryption product in 2014 RSA Conference
CloudLock, a cloud security startup that has already raised $28.2 million so far, will be launching CloudLock Selective Encryption at the 2014 RSA Conference in San Francisco next week, TechCrunch reported.
US wireless location firm TruePosition buys Skyhook Wireless
Berwyn, Pennsylvania-based wireless location solutions provider TruePosition Inc bought Boston, Massachusetts-based hybrid wireless positioning technology provider Skyhook for an undisclosed amount to boost its product portfolio.
Rexford purchases Ontario Airport Business Park for $8.55M
Los Angeles, US-based industrial real estate firm Rexford Industrial Realty Inc purchased the Ontario Airport Business Park in a deal valued at around $8.55 million through a 1031 Exchange.
Dana Gas inks deal to acquire offshore block in Egypt
Sharjah, United Arab Emirates-based natural gas firm Dana Gas inked a deal to acquire the North El Arish (Block 6) Concession Area located in Egypt as an addition to its growth portfolio.
Latest News
San Francisco, US-based startup software developer Strevus bagged $6.5 million in its first institutional funding led by Blumberg Capital and US Venture Partners for compliance solutions for financial services firms.
PhiSix Fashion Labs, a computer graphics firm in the Bay Area, has been purchased by e-commerce giant eBay to allow online customers to fit clothes virtually before buying them, VentureBeat reported.
Backed with a $20,000 convertible note from Atlanta Capital, Yik Yak is an anonymous messaging app that allows college students to share their gripes to other users within a five-mile radius, TechCrunch reported.
After 12 years in the industry, New York, US-based local group network Meetup closed an undisclosed amount in its second funding round from three major investors to allow some of its employees to exercise their expiring stock options.
From the viewpoint of venture capital, the real victors of the recently-announced acquisition of WhatsApp by Facebook are Sequoia Capital and Partner Jim Goetz, TechCrunch reported.
Facebook will be buying WhatsApp in a cash and stock deal worth $16 billion. The messaging giant will also be retaining its brand and will function as an independent unit, TechCrunch reported.
Tel Aviv, Israel-based bring-your-own-device (BYOD) startup Nativeflow raised $7.5M in funding to date to allow workers to securely browse and share both personal and corporate data, according to an exclusive report by VentureBeat.
China-based Fosun International Ltd is the most likely acquirer of Forbes Media Llc but will be paying less than $250 million for the money management magazine, according to sources interviewed by The Deal Pipeline.
Weight loss app MyFitnessPal has acquired Sessions, a Rock Health-backed startup that has developed an app that connects individuals with fitness experts who encourage accountability in their workouts, VentureBeat reported.
