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US Supreme Court

US Supreme Court to tackle software patent protections

The US high court will be hearing an oral argument on the eligibility of software patent protection on Monday and will decide on the matter by the end of June, Reuters reported.

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ClearStory Data

ClearStory Data secures $21M in Series B funding round

ClearStory Data was able to get $21 million for its Series B funding round led by DAG Ventures and joined in by other backers, TechCrunch reported.

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Medical Marijuana

Smart Ventures Inc seeks $100M for cannabis-focused subsidiary

Smart Ventures already tapped a veteran fund manager to work on the $100 million initial private placement fundraising for Cannabis Funding Group, the statement said.

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Crossbar Inc

Crossbar bags $25 million in Series C financing round

Resistive RAM technology pioneer Crossbar Inc obtained $25 million for its Series C financing round from its current backers and new investors, a statement about the funding said.

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Kitchensurfing

Kitchensurfing secures $15M for its Series B funding round

Kitchensurfing has secured a $15 million investment for its Series B round led by Tiger Global Management and participated in by Union Square ventures and Spark Capital.

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Harvey Tool Company

Harvey Tool Company receives investment from The Riverside Company

Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.

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Mozilla

Mozilla employees call for resignation of CEO Brendan Eich as board members depart

Some employees of Mozilla are asking newly-named Chief Executive Officer Brendan Eich to leave his post as three board members left the firm last week, VentureBeat reported.

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Open Heart Surgery

CoreValve system of Medtronic Inc posts high survival rate than traditional open heart surgery

Results of a study showed that the CoreValve system of Medtronic Llc posted a significantly higher rate of survival among patients who opted for the procedure than those who underwent open heart surgery, Reuters reported.

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PonoPlayer

PonoPlayer surpasses $5M mark on Kickstarter with 16 days more campaign days to go

Neil Young's PonoMusic was able to raise over $5 million for its Kickstarter crowdfunding campaign for its PonoPlayer with 16 more days to go before the campaign ends, TechCrunch reported.

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Flag of Cuba

National Assembly passes foreign investment law for Cuba

The National Assembly of Cuba has approved a new foreign investment law via a unanimous vote held through a special session, Reuters reported citing the country's official media.

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Y Combinator

Paul Graham hands responsibilities of Hacker News to others

As part of his move to step back from Y Combinator, Paul Graham announced that others would be taking over the responsibilities of Hacker News, TechCrunch reported.

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Target

Credit card security firm says lawsuit filed against it on Target breach without basis

Chicago-based Trustwave Holdings Inc denied allegations on the lawsuit filed by two lenders that it managed Target's data security and processed the data of its cardholders, Reuters reported.

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Theriault

Antique French character doll sells for record price of $300K at Theriault auction

An antique doll sculpted by Albert Marque set a record-breaking price of $300,000 in an auction event held by Theriault in Naples, Florida, a statement about the activity said.

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Bitcoin

Sources say Mt. Gox employees confronted CEO about finances two years before seeking bankruptcy

Three people told Reuters that employees already approached Chief Executive Officer Mark Karpeles in 2012 about how the bitcoin exchange was protecting the money of its clients.

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Alibaba

Alibaba Group Holding Ltd unit to buy Chinese department store operator Intime Retail Group Co

Alibaba Group Holding, through its unit, will be buying a stake and subscribing to convertible bond shares in Intime Retail Group Co, a department store operator, Bloomberg reported.

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