VENTURE CAPITAL POST

Miami, US-based anti-fraud startup Kairos AR raised $1.2 million in a Series A funding round led by Boca Raton-based investment firm New World Angels for the development of its facial recognition software.

California, US-based electronics giant Apple is currently working on a software update that will improve the fingerprint recognition ability of its Touch ID system, based on a report by AppleInsider citing a source familiar with the situation.

Chuluota, US-based social food network Modernmeal wants to help families eat good meals at home by providing a website where users can create, compile, and share their own or others' home recipes.

Chicago, Illinois-based travel booking site Orbitz Worldwide snapped up Southlake, Texas-based private-label travel solutions firm Travelocity Partner Network, the affiliate network of Travelocity, for an undisclosed amount.

David Goel, the manager of Waltham, Massachusetts-based hedge fund Matrix Capital Management, bought a three-bedroom apartment in Manhattan fro Charles Bronfman, the heir of Canadian beverage firm Seagram Co, in a deal valued $19 million.

Indiana, US-based commercial vehicle manufacturer Supreme Industries Inc is about to divest its shuttle-bus business to Elkhart-based recreational vehicle maker Forest River Inc in a deal valued at $7 million.

Flower Power, a Bluetooth device made by Paris, France-based consumer product developer Parrot, is paired with a mobile app that helps users monitor plant growth to make the gardening chore easier.

Engineers of California, US-based on-demand Internet streaming service Netflix hacked a Fitbit activity tracking device and activated a feature that auto-pauses the video when the watcher falls asleep and allows him to resume watching when he wakes up.

Mountain View, US-based investment firm 500 startups organized Rainbow Round, a monthly meeting where members of the LGBT (Lesbian, Gay, Bisexual, and Transgender) community from the tech sector can talk about their interests and struggles.

US-based search giant Google got mocked by several netizens yesterday after it launched the Scraper Report, a tool that fights content stealing, because according to them, the company itself is practicing web scraping.

Chicago, US-based firm Savor is putting together an online deals aggregator app for iPad that personalizes coupons according to the user's likes interest and organizes offers into catalogs for easier browsing.

New York City, US-based messaging app Flyby becomes the first consumer-facing app to use the image recognition technology in Google's 3D mapping project called Project Tango to let users attach text and video messages to objects in the real world.

California, US-based next generation fitness tracking device Moov attained its $40,000 target within just 90 minutes and will begin shipping the pre-ordered product by summer this year.

Redmond, US-based tech giant Microsoft is mulling over launching a free version of the Windows 8.1 OS (operating system) or selling it for a very low price, according to a report by The Verge.

San Francisco, US-based Internet radio startup 8tracks, a music service that is not yet widely known but already has 8 million active users, provides unique and awesome playlists and successfully maintains its profitability at the same time.