Renowned technology innovators invested $5 million to close the latest funding round of San Francisco-based mobile technology firm Apportable, bringing to $7.4 million total funds raised to date.
Investors
Amazon purchases Double Helix Games for undisclosed amount
Amazon has bought Double Helix Games, a gaming studio based in Irvine, California created from the merger of The Collective Inc and Shiny Entertainment. Terms of the deal were not disclosed, TechCrunch reported.
Belgium's Materialise acquires Polish 3D prototyping firm e-Prototypy
Leuven, Belgium-based 3D printing firm Materialise acquired Poland-based prototyping company e-Prototypy for an undisclosed amount to further consolidate the 3D printing industry in Central Europe.
Tapingo secures $10.5M in funding to make ordering food via mobile a breeze
San Francisco, US-based mobile shopping platform secured $10.5 million in a Series B funding led by Khosla Ventures to make the process of ordering and paying for food via mobile an easier process.
Magic Leap closes first funding round with $50M
Magic Leap Inc, a company that VentureBeat reported as being into "some hardcore science-fiction type stuff" has secured $50 million to successfully close its first funding round.
Latest News
Tokyo, Japan-based incubator and investment firm Netprice.com Inc is planning to invest $500,000 to $4 million in three or four mobile and web startups in India this year, according to The Economic Times.
San Francisco, US-based customer service software startup Zendesk is moving closer to an initial public offering (IPO) and has hired Morgan Stanley and Goldman Sachs to handle the transaction, according to a report.
MPC Synergy Real Estate, a private equity firm that formed a joint venture with Akme Projects, will be exiting its investments in the India- based firm, according to sources interviewed by The Economic Times.
US tech giant Microsoft selected five African tech startups to receive innovation grants, technical support, and mentorship from Microsoft under its venture arm extension, the Microsoft 4Afrika Initiative.
Some European filmmakers that have turned to crowdfunding, which is still in its early stage in Europe, are facing a different set of challenges, Variety reported.
The Morpheus, the first private startup accelerator in India, is shutting down its operations this week after six years of conducting accelerator programs for startups in the country, because of the fierce competition from its rivals.
A Wilshire Associates Inc report showed that public pensions in the US had median gains of 16.1% last year, with smaller public pensions outperforming the "mega" plans, Bloomberg reported.
San Diego, US-based software investor JMI Equity led a $38-million Series D venture capital round for the expansion and development of Utah-based work flow management software company AtTask.
Retailers in the US are feeling the pressure to increase their cybersecurity spending as they compete against online rivals and strive to meet the October 2015 deadline by Visa and MasterCard to be able to use chip-enabled payment cards, Reuters reported.
