With the goal of building a pet dish that is linked to the internet, Los Angeles-based startup Petnet was able to get seed round funding of $1.12 million, Gigaom reported.
Sectors
Venture capital investment in India's healthcare tech on the rise- report
While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.
Sears to close doors of Chicago flagship outlet in April
Sears Holdings Corp will be halting the operations of its flagship store in Chicago in April in a bid to bring down the number of its outlets and rely more on online retail, Reuters reported.
Twitter seeks to capitalize on users' diversity to attract advertisers - report
The users of Twitter in the US are more racially diverse compared to those of other Internet sites and Twitter is capitalizing on its demographics to get revenues, The Wall Street Journal reported.
California-based secretive startup founded by ex-Pentagon employees wants to impede hackers
Shape Security, a Mountain View, California-based secretive cybersecurity startup founded by former Pentagon employees, wants to slow down hackers using software that scrambles website codes.
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Nexmo, the company that provides messaging and voice capabilities to app developers and enterprises globally, was able to secure $18 million for its Series C funding round.
San Francisco, California-based firm HiddenRadio launched another crowdfunding campaign on Kickstarter to add new features to HiddenRadio 2, its second model of impressively-designed $119 Bluetooth speaker.
Indian state-run insurance firm Life Insurance Corp (LIC) sold a 2.001% stake in Pune-based metal forger Bharat forge in a deal valued at INR150.53 crore, reducing its total stake in the company to 5.0205%.
Private equity asset management firm Hamilton Lane has named Mingchen Xia and Yen Li Chew to add to its Hong Kong office and enhance the presence of the company in the Asia Pacific region.
JPMorgan ceases work on Chinese IPO candidate as US regulators investigate hiring practices- sources
JPMorgan Chase & Co has stopped working on the planned initial public offering of Chinese firm Tianhe Chemicals as US regulators continue its probe of the bank's hiring practices in China, Reuters reported.
French investors provided Synthelis, a company based in La Tronche, France that specializes in the production and characterization of therapeutic targets and antigens, with initial funding of €610,000.
Former Philippine trade minister Roberto V. Ongpin and his associates have hiked their collective holding in real estate developer Alphaland Corp to 50.57%, diluting British fund Ashmore's interest to 24.41%.
Israel-based firm Aorato secured $10 million for its Series B round participated in by well-known investors as it launches into the cyber security with its pioneering product known as the Directory Services Application Firewall.
Mohr Davidow Ventures led the Series B round for Vancouver, British Columbia-based BuildDirect which raised C$30 million. High profile investors Canadian investors like BDC Venture Capital also joined the round.
