Pennsylvania, US-based language learning app Duolingo secured $20 million in a recent funding round led by Kleiner Perkins Caufield & Byers to conquer the Asian market and compete with other English-teaching services.
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Massachusetts digital video ad firm Extreme pockets $50M in venture capital
Needham, US-based digital video advertising distributor Extreme Reach pocketed $50 million in a venture round from Village Ventures, Greycroft Partners, Spectrum Equity, and Long River Ventures.
Piracy websites make a whopping $4.4M annually on ads: report
Aside from robbing income from original makers of content, piracy websites also make around $4.4 million annually from ads, according to a study published by Digital Citizens Alliance.
Japanese Internet services firm Rakuten opens first European R&D facility in Paris
Tokyo, Japan-based Internet services company Rakuten Inc opened its first European research and development (R&D) facility in Paris, France, which is called the Rakuten Institute of Technology.
Israel warns public on bitcoin risks, mulls regulation
Israel said on Wednesday it was considering regulation of bitcoin and warned citizens that using such decentralized virtual currencies was risky.
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San Francisco, US-based delivery firm Postmates nabbed $16 million in Series B funding to help improve its mobile app and one-hour package delivery service within the area.
Menlo Park, US-based venture capital firm Mayfield Fund closed $108 million for its second fund which will focus on tech, consumer, and infrastructure startups in India.
Asian chat services KakaoTalk, LINE and WeChat threaten to overturn the mobile order of things, usurping the role of Google Inc, Apple Inc, Amazon.com Inc, Facebook Inc and telecoms carriers as gatekeeper to the consumer.
A New Zealand court on Wednesday ruled that the search warrant used in the arrest of Megaupload founder Kim Dotcom on U.S. online piracy charges was legal, dealing a blow to the internet entrepreneur's fight against extradition to the United States.
Toronto, Canada-based personalized comic strip app Bitstrips is raising $15 million in a Series B funding round reportedly led by Kleiner Perkins Caufield & Byers to address growth and scaling issues.
Apple Inc is looking at cars and medical devices to diversify its sources of revenue as growth from iPhones and iPads slow, according to a San Francisco Chronicle report.
Some of Bitcoin enthusiast Mike Caldwell's coins are pictured at his office in this photo illustration in Sandy, Utah, January 31, 2014.
Kev Imandoust guards his U.S. Social Security number with 25-character passwords and email encryption software. But in 2012, the San Diego accountant became one of more than a million Americans whose identities were stolen to use for tax refund fraud.
Prague, Czech Republic-based social media analytics firm Socialbakers scored $26 million in a Series C funding round led by Index Ventures to grow its workforce from 300 to 400 members.
