Like other tech giants, Shape Security Inc., ‘Botnets’ security service provider has been eyeing to enter into Chinese ecommerce market since long. Inclusion of Beijing based investor, Northern Light and raising sufficient funds for spreading elsewhere- appear as two contributing factors. These factors have led Shape to penetrate the world’s largest ecommerce zone.
A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.
Venture capital fund in the U.S. dropped by 9% in 2015, but a strong fundraising pace from 2014 continued. Investor become more selective to put the capital in startup companies.
Venture capital firms raise less capital and face a slowdown in tech funding for 2015. However, the number is still above annual average since 2006.
Former Facebook exec Sean Parker gave $500,000 to a newly formed group that aims to legalize recreational marijuana use in California.
In a major setback, Silicon Valley’s largest startup accelerator reshuffles assignments for top executives. After five years of joining, Gmail and FriendFeed dreamer Paul Buchheit replaces Sam Altman as managing partner of startup accelerator’s core program. Sam Altman is reportedly assigned to advise his successor managing partners while overseeing the entire program.
Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
Israel-based VidMind has just received $30 million in financing from Trellas, one of Russia's largest independent retail groups, which has already invested over $30 million in Vidmind.
Cambridge, Massachusetts-based Transatomic Power Corporation has just received $2 million from FF Science, part of Founders Fund's $1 billion investment pool targeted at science and engineering-based companies.
FlexWage Solutions announced it was able to secure $3.5 million in growth funding from several unidentified investment companies as well as high net-worth financial technology executives.
Destiny Pharma recently announced in a press release that it was able to raise £2.8 million to fund the clinical trial of a drug aimed to prevent post-surgical infections. The company's recent funding, which was led by British government-backed Angel CoFund, will aid
SoftBank Corp's venture capital arm is close to securing an investment in enterprise mobile company Kony Inc, and could announce a deal as soon as Tuesday, people close to the matter said.
Hiring startup Gild has raised cash to help it tackle one of the U.S. technology sector's highest-profile challenges: the lack of diversity among its workers.
Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focused investment group DST Global, it said in a statement on Monday.
Pinterest has raised a new $200 million round of funding that gives it a valuation of $5 billion, the photo pin-up site said on Thursday. Pinterest, which allows users to create online bulletin boards based on various themes such as...