VENTURE CAPITAL POST

San Francisco, US-based large media storage startup Streem raised $875,000 in seed funding from Y Combinator, 500 Startups, and other angel investors to provide unlimited cloud storage for their customers at $20 per month.

US social media giant Facebook entered the fitness arena with its acquisition of Helsinki, Finland-based mobile fitness tracking app maker ProtoGeo Oy for an undisclosed amount to beef up its mobile app portfolio.

Cloud storage giant Dropbox spent an undisclosed amount to add San Francisco, US-based photo and video cloud storage and smart collaborative tool Hackpad to expand its product offering and improve its auto-upload features.

Citymapper has raised USD10 million Series A funding round led by Balderton Capital and other investors including Index Ventures, Greylock Partners and Connect Ventures.

After officially releasing the Google Glass to US buyers, search giant Google is now reportedly eyeing smart contact lenses that will feature built-in tiny cameras and multi-sensors, based on a couple of patent applications that have surfaced lately.

Gurgaon, India-based smartphone maker Micromax Informatics Ltd is eyeing the purchase of an undisclosed stake in Seoul, South Korea-based rival Pantech Co Ltd in a bid to expand internationally, according to unnamed sources.

Tel Aviv, Israel-based slideshow app Slidely bagged $7.3 million in a funding round led by Benson Oak Capital to beef up its mobile campaign and expand to the US.

California, US-based social network giant Facebook announced that it will pull Messenger from its mobile app to boost the usage of the standalone Messenger, starting with European users before rolling out the change worldwide.

Social media giant Twitter snapped up Cover, a startup that offers a lock screen and app drawer for Android devices, for an undisclosed amount, to boost its popularity among Android users.

Atlanta, US-based Internet-based TV service provider YuppTV Inc pocketed $2.5 million in its first funding round from Indian early stage investor Sashi Reddi to scale up and expand its client base.

BlackBerry Ltd said it would not renew a deal allowing T-Mobile US Inc to sell its products, a gamble by the smartphone maker as it struggles to stabilize its business under an aggressive new chief executive officer.

BlackBerry's new chief John Chen revealed that its messaging app BBM now has 85 million monthly active users and a steady growth in its user base after the app was released to the Android and iOS platform in October.

After releasing the Office for iPad, software giant Microsoft made Office Mobile for iPhone and Office Mobile for Android free for home use to, but businesses still have to subscribe to use the Office 365.

Tech giants Dell and Microsoft Corp have signed a patent licensing deal regarding Android and Chrome OS devices as well as Xbox consoles, TechCrunch reported.

In its first foray outside of North America for its premium video syndication platform, New York, US-based multinational mass media firm AOL Inc launched the AOL On Nework in the UK.