Chinese news reports that Beijing based-Memblaze has completed Series C funding with $20 million. Investors include Bertelsmann Asia Investments, Israel's Infinity Group, ZTE Corporation's Ding Xing Fund, and Genertec Investment Managers Ltd.
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Swatch prefers go-it-alone route for smartwatch plans
Swatch Group is happy to go it alone with a launch next year of watches with "smart" features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion.
Apple working with NXP for pay-by-touch technology in new iPhone
Apple Inc is working with Dutch chipmaker NXP Semiconductors NV to add secure near-field communications (NFC) technology into the next iPhone, which would enable the smartphone users to pay by touch, the Financial Times reported, citing people familiar with Apple's plans.
Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report
Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
Obama campaign manager is Uber’s new SVP for Policy and Strategy
Ride-sharing app platform company Uber announced on Tuesday the appointment of David Plouffe as its new Senior Vice President of Policy and Strategy. Plouffe is a political strategist best known as Barack Obama’s campaign manager in 2008. He also served the White House as Assistant to the President and Senior Advisor from 2011-2013.
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Backed by Norwest Venture Partners, New Enterprise Associates (NEA), SingTel Innov8 of the SingTel Group, and an undisclosed global bank, Bitglass reportedly received additional $25 million in Series B funding. Norwest and NEA were also among its investors in the earlier round, where it got $10 million. The company plans to use the new investment to expand sales, marketing and technology development.
Cambridge, Massachusetts-based Transatomic Power Corporation has just received $2 million from FF Science, part of Founders Fund's $1 billion investment pool targeted at science and engineering-based companies.
Sony Corp said on Thursday it would invest 35 billion yen ($345 million) to increase production of image sensors for smartphones and tablets, as the company courts handset makers to get more orders for front-facing camera sensors, used to take selfies.
Orbotech (ORBK.O) has agreed to acquire SPTS Technologies Group, a United Kingdom-based manufacturer of equipment for the microelectronics industry, from European private equity firm Bridgepoint and others for $370 million in cash.
Technology and telecoms firms could be the big winners in a connected car market that may be worth $50 billion over the next decade, luring investors away from traditional automakers.
Nest, the Google Inc-owned maker of smart thermostats and other home automation products, will allow other companies to create apps that communicate with its devices.
British engineering company Rolls-Royce has signed a memorandum of understanding with Chinese nuclear reactor vendor SNPTC to cooperate on civil nuclear power projects in the UK and other markets.
Google Inc's futuristic eyeglasses are finding their way into hospitals and clinics throughout the United States. To meet the growing demand for Google Glass from physicians, Drchrono, a Mountain View, Calif., based electronic medical record company has developed a new application for the device it claims is the first "wearable health record."
It is almost certain by now, if rumors are to be believed, that iPhone 6 will be released on or around September this year, alongside the latest Apple’s operating system updates in iOS 8 that was the highlight of last week’s Worldwide Developers Conference (WWDC).
