Accellion Inc has introduced kiteworks in a bid to make a play in the file sharing space now led by Box Inc and Dropbox Inc, The Wall Street Journal blog Venture Capital Dispatch reported.
Sectors
London-based GoCardless raises $7M in Series B round led by Balderton Capital
GoCardless, a payments platform for online Direct Debits in the UK, was able to obtain $7 million for its Series B funding round led by venture capital firm Balderton Capital.
General Electric Co CEO Jeffrey Immelt asks private investors for more investment in African healthcare
General Electric Co Chief Executive Officer Jeffrey Immelt has asked private investors to pour more funds in African nations where government-run services have been strained, Bloomberg reported.
Venture capitalists face tougher competition from strategic investors in China as IPO market gains steam- report
Although they have remained silent for the good part of 2013, venture capitalists are now going back to China as the IPO market opens, but strategic investors are offering tough competition, The Wall Street Journal blog Venture Capital Dispatch reported.
Yahoo in talks to acquire San Francisco enterprise app studio Tomfoolery for $16M -sources
Internet giant Yahoo is reportedly in advanced talks to purchase San Francisco, California-based enterprise app studio Tomfoolery in a deal valued at $16 million, according to different sources.
Latest News
Ventureast Tenet Fund, together with angel investors, invested $3 million for the expansion of Bangalore, India-based medical device maker OneBreath into India, Eastern Europe, and Africa.
Japan-based games developer Cygames, the creator of top-grossing mobile game Rage of Bahamut, invested around $680,000 (JPY70 million) in Miracle Positive, the developer of Japanese indie game Airship Q.
San Francisco, US-based photo sharing website Pinterest launched its "Interests" page today to help users find exactly what they like, as part of its goal to expand the website and search capability.
The annual average return of university endowments was pegged at 11.7%, according to figures from the National Association of College and University Business Officers and the Commonfund Institute, Bloomberg reported.
For the first time, tech companies like Google Inc and Apple Inc will be allowed to give information about government requests for customer data, Bloomberg data.
Charlie Shrem and Robert Faiella, both executives of New York-based Bitcoin exchange business BitInstant, were arrested for money laundering in connection to the illegal drug transactions on an online black market, according to the Manhattan US attorney.
Massachusetts, US-based data warehousing and analytics firm Health Catalyst secured $41 million in a Series C funding round from existing investors to develop more clinical applications.
IDC's Worldwide Quarterly Mobile Phone Tracker data said the worldwide smartphone market topped one billion units for the first time in a single year, TechChruch reported.
Massachusetts, US-based crowdfunding platform Dragon Innovation will start offering another $100,000 in seed funding to any project that can raise a minimum of $1 million in its campaign.
