Former Apple chief John Sculley to launch new smartphone brand in India

Former Apple chief John Sculley is teaming up with former HTC India head Ajay Sharma and Singaporean investment firm Inflexionpoint to launch a yet-unnamed smartphone brand in India, which will release its first units in April.


Barcelona-based Omnidrone secures $2M from institutional investors

Mobile gaming startup Omnidrone has bagged $2 million in its first institutional funding round. Investors included Nokia Growth Partners, London Venture Partners and Kibo Ventures, a funding statement said.

Kitwave acquires UK frozen food firm Eden Farm

North Shields Tyne and Wear, UK-based independent wholesale firm Kitwave Wholesale Group acquired Durham-based frozen food and ice cream seller Eden Farm for an undisclosed amount.

UAE's Ducab purchases UK cable firm AEI

Dubai, United Arab Emirates (UAE)-based cables manufacturer Ducab purchased Durham, UK-based cable maker AEI Cables for an undisclosed amount to expand its product offering and international market reach.


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New York City, US-based HTML5 game developer and distributor TreSensa bagged $2 million in a Series A funding round led by Caribou Asset Management to continue distributing games for mobile browsers.
Cloud-based customer relationship management platform ServiceMax secured $71 million in its latest financing round led by Meritech Capital. ServiceMax is a platform specifically focused for field technicians, VentureBeat reported.
Clinicient, a cloud-based solutions provider based in Portland, Oregon, raised $15 million for its Series C funding round led by Catalyst Investors of New York, VentureBeat reported.
Auburn, US-based disaster-proof hardware maker ioSafe Inc landed $2.5 million in funding to expand its indestructible external hard drives into network attached storage market for safer data storage.
New York, US-based YouTube monetization platform Audiam pocketed $2 million in a Series A funding round led by music industry big names Jason Mraz, Jimmy Buffet, Bill Silva, Brett Gurewitz, and Bad Religion.
Massachusetts, US-based Java PaaS (Platform as a Service) firm CloudBees snagged $11.2 million in its third funding round which was led by Verizon Ventures to fuel its revenue growth and global expansion.
A group of Ohio angel investors led the Series A funding round for Cleveland-based StreamLink Software which raised $3.5 million, a statement about the funding said.
Irvine, California-based real estate marketplace Auction.com nabbed $50 million in investment from the newly launched growth equity fund Google Capital for its expansion and marketing campaigns.
Wetzikon, Switzerland-based cable solutions provider Reichle & De-Massari (R&M) acquired Bangalore, India-based fiber optic products manufacturer Advanced Fiber Systems (AFS) for an undisclosed sum as part of its efforts to expand in India.
TrackDuck, a visual feedback provider for web design and development, has obtained €200,000 from Kima Ventures and Practica Capital for its seed funding round, TechCrunch reported.