VENTURE CAPITAL POST

Menlo Park, US-based venture capital firm Lightspeed Venture Partners (LSVP) closed $950 million for its new investment fund that will back early-stage companies in the consumer and tech sectors.

American Internet and tech giant Google struck a manufacture and distribution deal with Italian optical wear maker Luxottica for the future versions of its wearable Glass.

San Francisco, US-based health tech firm Metabiota pocketed $2.38 million in a venture round to monitor emerging threats of viral diseases around the world using big data analysis.

New York, US-based social media management startup Percolate landed $24 million in a Series B funding led by Sequoia Capital to help companies monitor conversations and create content on social media.

Google scored a big victory after US District Judge Lucy Koh did not allow the lawsuits regarding email scanning to proceed as a class action lawsuit, Bloomberg News reported.

After its recent purchases of Motorola Mobility and IBM's server business, Chinese personal computer (PC) maker Lenovo said that it will continue its string of acquisitions to drive its growth.

Google Drive and chat services such as Google+ Hangouts were affected by a widespread outage which began at 12 pm ET on Monday, with Google still investigating the issue.

Search giant Google is reportedly venturing into the set top business with its recent acquisition of Santa Clara, US-based mobile game and hardware developer Green Throttle Games for an undisclosed amount.

Google gave the Home Office in the UK "super flagger" access to YouTube, allowing them to screen content that they feel are a national security threat, the Financial Times reported.

If India's competition regulator finds Google guilty of abusing its dominant position in search in the country, it could face a fine up to $5 billion in penalties, TechCrunch reported.

Google Executive Chairman Eric Schmidt said Google was very worried about the growing inequality in democracies, particularly San Francisco, and proposed three solutions to address the issue, TechCrunch reported.

A team of researchers from Daejeon, South Korea-based public research university Korea Advanced Institute of Science and Technology (KAIST) led by Professor Yoo Hoi-Jun have developed a head-mounted display (HMD) which is 30 times faster than Google Glass.

Yahoo will be requiring users who want to access its services to sign up for a Yahoo ID and will gradually be removing the option that allows them to use their Google or Facebook credentials to get access to the company's products.

Bangalore, India-based social media marketing and analytics firm Salorix Inc closed down its operations after it failed to raise fresh capital due to the founder's feud with investors.

A U.S. appeals court on Friday rejected Google's request to put on hold an order requiring the company to remove an anti-Islamic video from YouTube while litigation around the issue continued.