WestPark Capital, a Los Angeles based Investment Banking firm, announced today that it had closed a $2,000,000 private placement for Digital Ally, Inc. Proceeds will be used for general corporate purposes.
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Crossbar bags $25 million in Series C financing round
Resistive RAM technology pioneer Crossbar Inc obtained $25 million for its Series C financing round from its current backers and new investors, a statement about the funding said.
Philippine crowdfunding site Medifund turns non-profit to help medical students finish their studies
Philippines-based crowdfunding site Medifund turned non-profit to help students in developing countries pay for the cost of their schooling and to encourage more women to enter the medical profession.
SyncFab launches crowdfunding campaign to streamline US manufacturing via 3D printing
Santa Monica, US-based 3D print online marketplace SyncFab launched a $25,000 crowdfunding campaign on Kickstarter to streamline specialty manufacturing in the US using the 3D printing technology.
Kitchensurfing secures $15M for its Series B funding round
Kitchensurfing has secured a $15 million investment for its Series B round led by Tiger Global Management and participated in by Union Square ventures and Spark Capital.
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Novare Equity Partners opens its second urban real estate investment leg, Novare Africa Poperty Fund II, with $250 million focusing on African countries, specifically Nigeria - where it operates.
San Jose, US-based solar-panel robotics startup Brittmore Group bagged $1 million in a recent grant from the Department of Energy to automate the construction of solar power plants.
San Francisco, California-based music startup BandPage scored $8.5 million in a funding round from music tech investors such as Mohr Davidow Partners, Robert Kavner, GGV Capital, and Walden Venture Capital.
Studio City, California-based content and rights management firm FilmTrack acquired Pasadena-based IP rights, royalty, and contract management software provider Jaguar Consulting for an undisclosed amount.
Yahoo boss Marissa Mayer is considering building a streaming video platform within the next few months to take on YouTube and to gain higher revenue that video ads will be able to bring to the company.
US-based boutique advisor and venture capital firm The Africa Group (TAG) picked up a 25% stake in Ethiopia-based health systems engineering services provider Telemed Medical Services (Telemed) for an undisclosed amount to help more people gain access to health resources.
Some employees of Mozilla are asking newly-named Chief Executive Officer Brendan Eich to leave his post as three board members left the firm last week, VentureBeat reported.
Results of a study showed that the CoreValve system of Medtronic Llc posted a significantly higher rate of survival among patients who opted for the procedure than those who underwent open heart surgery, Reuters reported.
Neil Young's PonoMusic was able to raise over $5 million for its Kickstarter crowdfunding campaign for its PonoPlayer with 16 more days to go before the campaign ends, TechCrunch reported.
