Magisto, the New York-based startup that provides automatic video editing services, has bagged a $2 million investment from Russian Internet firm Mail.ru Group, VentureBeat reported.
Investors
G Asset offers to buy majority stakes in Barnes & Noble or Nook
Investment firm G Asset Management said on Friday that it had offered to buy a 51 percent stake in either Barnes & Noble Inc or in the bookseller's Nook digital business.
Apple Acquires app-testing platform Burstly
Tech giant Apple added app testing platform maker Burstly, owner of mobile app testing tool TestFlight, for an undisclosed amount, according to sources.
Google acquires British firm Spider.io to prevent online ad fraud
US-based search giant Google acquired London, UK-based anti-malware for online advertisers Spider.io for an undisclosed amount to prevent online advertising fraud and detect attacks from malware-infected computers.
US video editing startup Magisto raises $2M in funding, partners with Russia's Mail.ru
New York, US-based automatic video editing startup Magistro raised $2 million in a recent funding round and has struck a deal that will integrate its technology into the Russian social network Odnoklassniki, which is owned by Mail.ru.
Latest News
ClubLocal, a platform which allows customers to instantly book home repairs online now owned by Delaware-based Serviz Inc, completed a $10.7 million funding round from Groupon Inc and others.
Adbrain has introduced its programmatic mobile audience buying platform in private beta with partners Annalect, The Exchange Lab, M& C Saatchi Mobile, Fetch and Somo having early access to it, a company statement said.
China-based Social media marketing firm KMSocial has raised tens of millions of dollars in a Series B funding round led by Fosun Venture Capital Investment. Existing investor Fidelity Growth Partners Asia also participated in the said round, according to VentureBeat.
Philippines-based Aboitiz Equity Ventures property unit Aboitiz Land Inc had purchased the remaining 40% of common shares from Maurbeni, Japanese trading firm, worth 360 million from LiMA Land Inc (LLI). LiMA Land is the company that owns and runs the LiMA Technology Center, the filing detailed from Philippine Stock Exchange. .
Korea-based Kakao Corp, the company behind the highly-popular messaging and social app Kakao Talk, is readying for its initial public offering in May, BeSuccess reported.
New York, US-based social media management firm Sprinklr has bought Austin, Texas-based social analytics company Dachis Group for an undisclosed sum to obtain technology that will help their product accelerate in the market.
Los Angeles, US-based e-commerce firm Shopzilla snapped up Ventura, California-based online ad startup Connexity for an undisclosed amount to to beef up its audience-buying division.
Sydney, Australia-based accounting software maker Practice Ignition pocketed $650,000 in a seed round from investors such as MYOB co-founder Graig Winkler, for the expansion and development of the firm.
Perth, Australia-based mineral sands explorer Iluka Resources Ltd announced that it will pick up an 18.3% stake in Rotherham, UK-based metal powder producer Metalysis for ₤12.2 million ($A22.5 million).
