Google Chairman Eric Schmidt said he will be putting money where his mouth is and donating $1 million to companies that will use technology to find solutions to global problems, TechCrunch reported.
Investors
Japan's Outsourcing Inc invests $5M in India's Alp Consulting
Tokyo, Japan-based staffing firm Outsourcing Inc invested $5 million (INR30 crore) for a majority stake in Bangalore, India-based search and staffing company Alp Consulting Ltd to gain access to the Indian market.
Virginia-based Alice Blue photo studio acquires New York's Nucleus Imaging
Richmond, US-based visual creation studio Alice Blue acquired New York-based multi-faceted post-production studio Nucleus Imaging, a bigger firm, for an undisclosed amount to expand into a new market.
US-based cybersecurity startup Shape Security pockets $40M in venture funding
Mountain View, California-based cybersecurity startup Shape Security pocketed $40 million in a venture funding round led by Norwest Ventures and Sierra Ventures to beef up its product offerings and its sales team.
American startup Open Labs updates StageLight software to let users create music with Timbaland
Austin, Texas-based hardware and software startup Open Labs updated its StageLight software to allow users to create and edit their own music with the help of hip-hop superstar Timbaland.
Latest News
Li Ka-Shing, the richest man in Asia, led a $23-million investment round in Silicon Valley, US-based synthetic egg startup Hampton Creek which is preparing to conquer the Asian market.
Athenahealth Inc is rolling out an accelerator program to encourage more entrepreneurship among healthcare IT companies and help the company add to its services, Venture Capital Dispatch reported.
Dropbox has obtained an added $350 million in a Series C funding round from its existing investors and major mutual funds, TechCrunch reported citing a filing with the US Sec and a source who confirmed the fundraising.
HackerEarth, an India-based platform that matches programmers with startups looking for technical talent, received a $500,000 from Angelprime for its seed funding round, TechCrunch reported.
A $10.8 million product development grant was awarded to Houston-based DNAtrix Inc by the Cancer Prevention and Research Institute of Texas or CPRIT to fund its glioblastoma clinical stage program.
Texas, US-based storage marketplace SpareFoot raised $10 million in a new funding round from Insight Venture Partners for the company's growth, product development, and expansion efforts in the storage industry.
San Francisco, US-based advertising technology startup AdStage bagged $1 million in funding from existing investor Digital Garage to increase its workforce and launch a new app partnership program.
New York, US-based online employment solutions provider Monster Worldwide acquired two recruiting startups, San Francisco's Talentbin and Boston's Gozaik, for an undisclosed sum for growth purposes.
Entrepreneur Steve Perlman finally unveiled the wireless technology his self-funded startup Artemis Networks has been working on for the past ten years. It's called pCell, VentureBeat reported.
