Washington University associate professor of engineering Robert Morley sued Square co-founders Jim McKelvey and Jack Dorsey for fraud and patent infringement, claiming he was wrongly left off a patent for the attachable credit card reader device.
Tags: US
Twitter buys over 900 IBM patents to settle infringement dispute
San Francisco, US-based social media giant Twitter decided to buy more than 900 patents from American multinational tech firm IBM to settle patent infringement claims against it, with the two companies forming a patent cross-licensing agreement.
California-based startup YouBetMe launches app that helps keep track of casual bets
San Francisco, California-bases mobile betting startup YouBetMe is launching an app that helps keep track of casual bets, and is planning to raise Series A funding in the near future.
TiVo to add North Carolina pay-TV service Digitalsmiths
San Jose, California-based digital video recording (DVR) company TiVo announced that it will add Durham, North Carolina-based cloud-based content discovery service Digitalsmiths for an undisclosed amount.
Bangalore startup Lumos builds solar powered backpacks that charge mobile devices
Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.
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San Francisco, California-based social games services provider Zynga Inc is laying off around 314 employees, or 15% of its workforce, as part of a cost reduction strategy to generate between $33 million to $35 million in savings for 2014.
Atlanta, US-based marketing automation platform Salesfusion has acquired social analytics platform LoopFuse for an undisclosed amount just two weeks after the former raised $8.25 million in a Series B funding round.
New York, US-based analytics firm Implisit raised $3.3 million in funding from Gemini Israel Ventures for its self-learning platform that mines CRM data to help improve sales efficiency.
New York, US-based clean tech firm BrightFarms pocketed $4.9 million in Series B funding to expand its network of greenhouses and promote locally-grown produce in the urban areas of the country.
Sydney, Australia-based online tailoring startup InStitchu expanded to the UK by partnering with two London-based entrepreneurs who planned to open a similar business but instead bought a minority stake in the company's new UK subsidiary.
Mountain View, California-based personal finance app Mint is integrating with San Francisco-based bitcoin wallet service Coinbase to help clients track their bitcoins along with their other financial accounts.
Boulder, US-based travel startup Inside.co today launched its Inside Travel Guides portal, which also has a mobile version, to help travelers feel like local citizens with day-by-day and place-by-place insider itinerary tips.
Cincinnati, US-based startup Sqrl bagged $550,000 in funding from CincyTech, Vine Street Ventures, and Hyde Park Ventures to launch a service for small and regional accounting firms that reminds their clients of the documents they need to provide for a job.
Washington, US-based tech firm Flat World, a company that aims to make more affordable digital versions of college textbooks, raised $9.5 million in a funding round led by Bessemer Venture Partners.
