Italian website design service startup Flazio, backed by Zernike Meta Venture, allows users to create a website by using the content of their Facebook page, TechCrunch reported.
Software & IT services
Rhapsody puts end to The Echo Nest partnership
Rhapsody and Napster will stop using the recommendations of The Echo Nest following its acquisition by rival Spotify earlier this month,
AT&T says Netflix's call for free interconnection as an "arrogant proposition"
Jim Cicconi of AT&T said the call of Netflix CEO Reed Hastings for free internet internet connection was an "arrogant proposition" that would require everyone else except Netflix to pay, Reuters reported.
Australian government considers extraditing Australian alleged to be moderator of now-defunct Silk Road
The Australian government is considering if it should surrender Peter Phillip Nash to the US authorities after he was indicted as one of the "small support staff" of alleged Silk Road founder Ross Ulbricht, Reuters reported.
Chicago-based digital ad firm elevate DIGITAL scores additional $3M in Series A round
Chicago, US-based digital interactive application developer elevate DIGITAL scored an additional $3 million in its Series A funding round from SFX Entertainment to expand into new markets.
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Toronto, Canada-based hardware engineering collaborative platform Upverter bagged $2.3 million in a seed funding round led by Version One Ventures to grow its enterprise business and develop its product.
San Francisco-based software enterprise startup bagged $10 million for its Series B financing round led by Nokia Growth Partners and Randstad Holdings and joined in by previous investors, VentureBeat reported.
Redwood City, US-based video streaming service Qik will shut down on April 30 after its features have been integrated into Skype, which acquired it for $150 million three years ago.
A former employee of Microsoft Corp was arrested and charged with stealing the trade secrets of the software company and giving them to a blogger in France, Bloomberg News reported.
Mt. Gox said it had found 200,000 Bitcoins in a wallet that it used before June 2011. The discovery was made on March 7, a week after it had filed for bankruptcy, Reuters reported
Procured Health, the startup that seeks to provide transparency to the pricing of medical devices, has received $4 million from FCA Venture Partners for its Series A funding round, VentureBeat reported.
Mayor Michael Nutter announced the five startups in Philadelphia that will each receive a $25,000 grant from the Commerce Department's Startup PHL Call for Ideas to promote entrepreneurship in the city.
CitiusTech, a healthcare IT firm, was able to get an undisclosed substantial investment amount from growth equity firm General Atlantic, a statement about the funding said.
Cary, North Carolina-based cognitive systems firm Saffron Technology was able to bag $7 million for its Series B round from unnamed investors, a statement about the funding said.
