Faraday secured $880,000 for its Series A funding round led by FreshTracks Capital and joined in by other investors, a statement about the funding said.
Investors
Mayor Nutter announces grants for five startups that promote entrepreneurship in Philadelphia
Mayor Michael Nutter announced the five startups in Philadelphia that will each receive a $25,000 grant from the Commerce Department's Startup PHL Call for Ideas to promote entrepreneurship in the city.
American rapper Kanye West buys 10 Burger King outlets for Kim Kardashian
American rap superstar Kanye West is buying 10 Burger King outlets across the UK, France, and Italy for an undisclosed amount as a wedding present for fiancee Kim Kardashian.
Temasek Holdings said to be in advanced discussions for substantial Watson stake purchase
Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beauty retailer Watson.
Blue Sky to purchase Australian hedge fund Investment Science
Brisbane, Australia-based diversified alternative asset manager Blue Sky Alternative Investments entered a deal to purchase Adelaide-based hedge fund Investment Science Asset Management for an undisclosed amount.
Latest News
Coupa Software, a cloud-based finance solutions provider, bagged $40 million for its Series F funding round led by Meritech Capital, a statement about the funding said.
Boston, US-based application programming interfaces (APIs) provider MachineShop Inc emerged from stealth mode and got $3 million as its first capital from a group of its customers to enable businesses to create their own middleware for Internet of Things.
Nokia Growth Partners led the Series B round for China-based online food service platform Meican.com which raked in $10 million, a statement about the funding said.
What3words, the startup that seeks to provide three-word strings to map a location, has added $1 million to its seed financing round participated in by undisclosed investors, TechCrunch reported.
Colonoscopy system maker Invendo Medical was able to secure $28 million for its latest funding round led by new backer Xeraya Capital, a statement about the funding said.
Munich, Germany-based app crowdtesting startup Testbirds picked up €2.1 million in its Series A funding round led by Seventure Partners for its expansion across Europe.
Corning Inc led the $34 million Series B funding round for Cambridge, Massachusetts-based medical device maker NinePoint Medical Inc, a statement about the funding said.
Gurgaon, India-based e-commerce firm Ibibo Group purchased Bangalore-based online bus tracking and analytics startup YourBus for an undisclosed sum to integrate the latter's tracking function into its travel services.
San Francisco-based YouNoodle obtained $1.1 million in its latest funding round. The financing came from VegasTechFund, Lars-Henrik Friis Molin and the Amicus Group, TechCrunch reported.
