San Mateo, US-based predictive analytics startup Reflektion scored $8 million in its second funding round led by Intel Capital and Nike to ramp up its sales and marketing activities.
Sectors
Sony sells over 6M PS4 units globally since launch four months ago
In what seemed like an indication of the dominance of Sony's PlayStation 4 over Microsoft's XBox One, the video game console of the Japanese company sold 6 million units globally in less than four months, VentureBeat reported.
Slyce secures $10.75M funding round led by Beacon Securities
Toronto-based image recognition technology maker Slyce has gathered $10.75 million for its latest funding round led by Beacon Securities and joined in by other investors, TechCrunch reported.
Indian social analytics firm Salorix closes down operations
Bangalore, India-based social media marketing and analytics firm Salorix Inc closed down its operations after it failed to raise fresh capital due to the founder's feud with investors.
Warren Buffet's uncertainty over succession plans worries investors
Warren Buffet has sought to bolster investor confidence about how Berkshire Hathaway will perform after he leaves the company but the lack of a succession plan has concerned investors, Reuters reported.
Latest News
Peter Oppenheimer, Apple's long-time Chief Financial Officer, will be retiring in September. He will be succeeded by VP of Finance and Corporate Controller Luca Maestri, TechCrunch reported.
Buzzmove, the UK's first price removals site and Wayra UK graduate, grabbed $650,000 in its seed funding round to expand its list of vendors and prepare for its nationwide launch, TechCrunch reported.
Texas, US-based electronics retail franchise chain RadioShack announced the closure of 1,100 out of its 4,000 stores across the US in a bid to save the company after a massive revenue loss over the holidays.
HealthCare Royalty Partners was the lead investor in the Series E funding round of advanced medical devices maker Invuity Inc which raised $36 million, a statement about the funding said.
Conference calling service Speek secured $5.1 million from its Series A round which included the earlier round which raised $2.7 million in convertible notes raised before, TechCrunch reported.
France-based electronic trading applications provider Ullink has received a majority investment from Europe-focused private equity firm HgCapital. Financial details were not disclosed in the statement about the funding.
The launching of ChinaSo, reportedly being run by Xinhua's vice president, represents another attempt by the Chinese government to have its own state-run search engine, TechCrunch reported.
Dublin, Ireland-based over-the-counter (OTC) drug manufacturer Perrigo Company PLC picked up a set of products being marketed in Australia and New Zealand from South African firm Aspen Global Inc in a $51-million cash deal.
Dukosi, the Scottish technology firm that developed the Electric Vehicle Optimization Integrated Circuit, secured £320,000 to help finance the commercial roll out of its smart chip geared towards electric vehicles, the Herald Scotland reported.
