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Sequoia enters home security arena with SimpliSafe investment

Sequoia Capital entered the home security and automation arena by making a minority investment in Boston, US-based company SimpliSafe to take advantage of the lucrative situation of the present do-it-yourself home security market.

Avaz AAC receives USD550000 funding round

Avaz AAC has received USD500000 funding round led by Inventus Capital and other investors including Mumbai Angels, Raju Reddy of Sierra Atlantic and Google India MD's Rajan Anandan for the development of an app directed for those who have autism.

Microsoft reiterates commitment in Africa through a 20-year business plan

Microsoft said through its newly appointed head Kabelo Makwane that it has reinstated its development commitment in the Africa through a 20-year business plan that would boost economic growth and development in the African region.

Brazil's Petrobas to sell its assets in Nigeria

Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.

Atlanta security software firm Damballa pockets $13M in funding for growth

Atlanta, US-based security software provider Damballa pocketed $13 million in venture funding from its existing investors to beef up its sales force and support its growth campaign in North America.

US biopharma firm ProNAi lands $60M in Series D funding to fight lymphoma

Michigan, US-based biopharmaceutical firm ProNAi Therapeutics landed $60 million in its Series D funding round led by Vivo Capital to advance its cancer treatment drugs to the second phase of clinical trials.

Blucora acquires US-based explainer site HowStuffWorks for $45M

Bellevue, US-based Internet business operator Blucora acquired Atlanta, Georgia-based explainer site HowStuffWorks in a deal valued at $45 million in cash from Discovery Communications, which had bought the site in 2007 for $250 million.

GitHub co-founder Tom Preston-Werner steps down after harassment allegations

Tom Preston-Werner, the co-founder and president of San Francisco, US-based social coding network, stepped down from his position after former employee Julie Horvath claimed she experienced gender-based harassment and retaliation in the company.

Beats Music looks to raise more funding to take on Spotify

Santa Monica, US-based music streaming service Beats Music is looking to raise between $60 million and $100 million in a new funding round in a bid to keep up with bigger rival Spotify, as the Beats Electronics spin-off failed to attract the targeted number of subscribers since its January launch.

First Foundation Inc. files for IPO

First Foundation Inc, a financial services company offering clients in multiple locations in the US, has filed for an intended initial public offering of common stock with the US Securities and Exchange Commission.

Rosneft to sell more than 2 mln metric ton of crude oil to BP

Russia's top oil producer has been planning to sell more than 2 million metric ton of crude oil to state-controlled BP in a deal valued more than $1.15 billion and was approved by the company's board.

Genco Shipping & Trading files for Chapter 11 bankruptcy protection

Genco Shipping & Trading has filed for Chapter 11 bankruptcy protection on Monday as it planned to restructure the company and emerge immediately from bankruptcy although it did not provide a specific time frame for the move.

Pre-IPO fraud lawsuit dismissed, Twitter gets final laugh

A lawsuit was filed against Twitter by two firms claiming that the microblogging platform has committed a pre-IPO fraud to justify the company's $10 billion valuation was dismissed by a US District Judge in New York.

Microsoft-Nokia acquisition deal to close on Friday

Microsoft's deal to acquire Nokia valued $7.2 billion have been set to close on Friday which is also in time for the company's target saying that the deal was expected to close during the first quarter of 2014.

Birchbox takes in USD60 million Series C funding round

Beauty box sampler, Birchbox, has received USD60 million in Series C funding round led by Viking Global Investors and other financiers including Accel Partners, Consigliere Brand Capital, Aspect Partners and First Round Capital.

AdRoll receives Series C funding round valued USD70 million

AdRoll has taken in USD70 million Series C funding round led by Foundation Capital and other new and existing investors including Institutional Venture Partners, Glenmede, Northgate Capital, Performance Equity, Peter Thiel, Merus Capital and Accel Partners.

CFAO Auto Group looks at entering the Nigerian car manufacturing market

CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.

Seplat: To end gas flaring in Nigeria in 5 years

Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.

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