San Francisco, US-based reading app FarFaria raised $3.25 million in a Series A funding round led by Inventus Capital Partners to launch a children's subscription book service for the iPad.
Software & IT services
US retailers feel pressure to beef up cybersecurity spending- report
Retailers in the US are feeling the pressure to increase their cybersecurity spending as they compete against online rivals and strive to meet the October 2015 deadline by Visa and MasterCard to be able to use chip-enabled payment cards, Reuters reported.
Veteran venture capitalist Anne DeGheest warns of bubble in health IT
HealthTech Capital Founder and veteran venture capitalist Anne DeGheest warns that there is a bubble forming in information technology for the healthcare industry in an interview with The Wall Street Journal's blog Venture Capital Dispatch.
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.
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.
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Sausalito, California-based merchandise sales management platform atVenu secured seed stage funds of $1.1 million from Canadian venture capital firm Real Ventures, PE HUB Canada reported.
TechCrunch looked more closely into the compensation package of Microsoft Chief Executive Officer Satya Nadella submitted by the company in a filing to the US Securities and Exchange Commission.
Tech giant Microsoft invested $15 million in location-based social networking app Foursquare and inked a licensing deal to use the latter's places database in their products and services.
In a bid to show that their participation in the surveillance efforts of the government was limited, Facebook, Microsoft, Yahoo and Google started to publish details on the number of government requests for data, Reuters reported.
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.
New York, US-based education solutions provider McGraw-Hill Education purchased Los Angeles, California-based online curriculum tool developer Engrade for an undisclosed amount to meet the increasing demand for digital educational content.
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.
