Massachusetts, US-based office supply retail chain Staples will shut down 225 stores across North America by 2015 to push its online business and cut costs amid huge revenue losses.
Tags: US
Spotify snaps up American music discovery engine Echo Nest
Sydney, Australia-based music streaming firm Spotify snapped up Somerville, US-based music discovery engine The Echo Nest for an undisclosed amount to create an improved music discovery service for its clients.
San Francisco business social network Townsquared bags $5.26M in funding
San Francisco, US-based business social network Townsquared bagged $5.26 million in its first funding round from undisclosed investors to allow business owners and employees connect and engage with each other.
US-based facial expression recognition startup Emotient nabs $6M in funding, launches app for Google Glass
San Diego, US-based facial expression recognition startup nabbed $6 million in a Series B funding round led by Seth Neiman and launched an app for Google Glass to track people's sentiments.
US news site Business Insider raises $12M in round led by Jeff Bezos
New York, US-based news website Business Insider raised $12 million in a funding round led by Amazon chief Jeff Bezos for the expansion of its workforce and subscription service.
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Sunnyvale, California-based Internet giant Yahoo snapped up Portland, Oregon-based automated graphic design startup Vizify for an undisclosed amount as part of its on-going acquisition spree of design-focused startups.
San Francisco, US-based venture capital firm Founders Fund gathered $1 billion for its fifth investment fund called Founder Fund V which will back startups from various sectors.
Raleigh, North Carolina-based Aseptia, a food firm that developed a technology that allows food to stay fresh without refrigeration and preservatives, raised $28 million in Series C funding which will fund the growth of its subsidiary Wright Foods.
New York City, US-based HTML5 game developer and distributor TreSensa bagged $2 million in a Series A funding round led by Caribou Asset Management to continue distributing games for mobile browsers.
California, US-based Internet provider FreedomPop introduced Privacy Phone, a smartphone that promises fully encrypted voice and text communications that costs $10 a month and can be purchased using Bitcoin.
Arkansas, US-based retail giant Walmart is planning to establish an e-commerce marketplace in India in a bid to compete with online retail giants for a share in India's e-commerce industry.
Auburn, US-based disaster-proof hardware maker ioSafe Inc landed $2.5 million in funding to expand its indestructible external hard drives into network attached storage market for safer data storage.
Massachusetts, US-based Java PaaS (Platform as a Service) firm CloudBees snagged $11.2 million in its third funding round which was led by Verizon Ventures to fuel its revenue growth and global expansion.
Irvine, California-based real estate marketplace Auction.com nabbed $50 million in investment from the newly launched growth equity fund Google Capital for its expansion and marketing campaigns.
