KKT Interactive owner and Snap-pay.com co-founder Jim Rudnick has introduced a crowdfunding site which intends to help entrepreneurs in Hamilton, Ontario, The Hamilton Spectator reported.
North America
Google Ventures led $4M Series A funding round for cybersecurity startup ThreatStream
Cybersecurity startup ThreatStream has secured $4 million in a Series A funding round led by Google Ventures and participated in by Paladin Capital Group, Cloudera's Tom Reilley and Hugh Nijemanze of ArcSight, TechCrunch reported.
Procter & Gamble Co to unveil first smartphone-connected toothbrush
Procter & Gamble Co will be rolling out the world's first smart toothbrush, a brush that is connected to a smartphone app that will provide users with real-time advice on how to improve their brushing habits, Reuters reported.
Triangle Capital invests $14.8M in Illinois firm Justrite Manufacturing
North Carolina, US-based lower middle market capital provider Triangle Capital Corporation invested $14.8 million in Des Plaines, Illinois-based environmental protection and hazardous waste handling firm Justrite Manufacturing Company LLC.
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.
Latest News
IBM said it can use big data to forecast when mining equipment will fail, an innovation that can potentially save companies billions of dollars annually, VentureBeat reported.
Texas, US-based private equity firm Rock Hill Capital Group invested an undisclosed amount in Oklahoma City-based firm Park Energy Services LLC to support its vision of growth and expansion.
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.
Google has rolled out its expansion plans for its high speed fiber Internet service called Google Fiber which could possibly be introduced in 34 cities, VentureBeat reported.
California, US-based payments firm PayPal said it will open its new mobile software development kit (SDK) to all mobile developers across 30 countries starting February 24 to make way for a more convenient PayPal checkout in mobile apps.
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.
