Tags: US

YouTube founders' startup AVOS laying off majority of workforce -sources

San Mateo, California-based Internet startup AVOS Systems is laying off 80% of its workforce because of the lack of traction, according to sources familiar with the situation.


PillPack launches online pharmacy in 31 US states to solve medication problems

Cambridge, Massachusetts-based firm PillPack has raised $4 million in venture funding last year to launch its online pharmacy service in 31 states in the US to help patients manage their medications.

Boston app analytics platform Localytics secures $16M in Series C funding

Boston, US-based app analytics and marketing platform Localytics secured $16 million in a Series C funding round led by Foundation Capital for its product development and international expansion.

Colorado-based startup TeamSnap scores $7.5M in Series B round for to develop app to manage the schedule of sports teams

Boulder, Colorado-based startup TeamSnap scored $7.5 million in a Series B funding round to develop its app that helps sports coaches and league officials manage the schedule of their sports teams.


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New York, US-based social intelligence startup 4C snagged $4 million in funding from venture capital firm Jump Capital for its expansion, and sales and product development.
California, US-based optical communications network product designer and manufacturer JDS Uniphase Corp (JDSU) bought Boulder, Colorado-based real-time intelligence software solutions provider Trendium for an undisclosed amount.
Hollywood, US-based digital media firm SpinMedia Group acquired SpinMedia LLC for an undisclosed amount, and poured in $10 million in funding to deal with the company's debts.
San Francisco, US-based cloud storage service Dropbox inked a 12-year lease on a huge second office at 333 Brannan, just near its Berry St headquarters, to house the spillover of its 500-person workforce.
Austin, Texas-based incubator Capital Factory struck a partnership with venture firms Silverton Partners and Floodgate to support tech startups in Austin and trigger and investing "snowball effect."
San Francisco, US-based sports-centered social networking platform Sqor raised over $4.4 million out of the targeted $13 million funding round ahead of a major platform update set to take place in February.
Palo Alto, US-based legal search and analytics startup Ravel Law raised $8.1 million in funding to build a tool that will help lawyers cut research time and cut costs, according to an exclusive report by VentureBeat.
Spokane, Washington-based startup iCPooch launched a crowdfunding campaign on Kickstarter to raise $20,000 for the production of a device that allows dog owners to send treats or conduct facetime with their dogs when they are away from home.
Fresno, California-based agricultural startup OnFarm's growers integrated data platform gained global recognition when it competed in the IBM Global Entrepreneur of the Year Award in 2013 and was included in the top six finalists.
Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.
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