New Orleans-based offshore service vessels provider Tidewater Inc is investing USD30 million to start its subsea operations business, Tidewater Subsea, located in the Gulf of Mexico.
Funding
US venture capital firm Benchmark closes eighth fund with USD425 million
California-based venture capital firm Benchmark has closed its eighth fund with a total of USD425 million, according to a US Securities and Exchange Commission (SEC) filing.
France-based Sketchfab secures USD2 million for 3D object browser
Frances's 3D model sharing service Sketchfab raised USD2 million in funding from Partech, Balderton, and angel investor David Cohen to develop its 3D object browser.
US government agencies' big data service provider Palantir to land USD58 million in funding
A US SEC filing by big data company Palantir revealed that it was set to do a USD57.5 million fundraising three months after it had raised USD195.5 million in an earlier funding round.
KFC venture capital fund to back startups in India -Mani
Finance Minister K.M. Mani said on Thursday the Kerala Financial Corporation (KFC) is launching a venture capital fund to back startups in the state of Kerala in India.
Latest News
Former American Idol host Ryan Seacrest invested USD1 million to develop a prototype of Typo Keyboards, a simple device that functions as an attached keyboard for iPhone 5 and 5S.
Philadelphia-based company Monetate has raised USD8 million for the development of its platform that helps other companies drive their sales through analysis of data from various sources.
San Francisco-based online web development school Bloc has raised USD2 million in seed funding which will be used to hire additional staff and establish new online courses.
US-based cloud storage firm Box confirmed it closed USD100 million in fresh capital to catalyze its global expansion as it sealed commercial transactions with Japanese firms.
US-based messaging app Snapchat is raising another USD55 million just six month after it raised USD60 million in its Series B round, pushing the app's valuation to around USD2 billion.
An unnamed Boston-based investment advisor led the USD 30 million financing round for Mozido Inc. The Texas-based mobile payment, shopping and marketing solutions provider also named Ric Duques as Chairman of the Board.
Mike Lynch, who sold software firm Autonomy to Hewlett-Packard for $11 billion, is backing a start-up focused on augmented reality - the ability to overlay information on a real-world background which some see as the next big digital craze.
Cleaning services provider Homejoy said that it had raised USD38 million in new capital from its Series A and Series B funding rounds, which saw the participation of Google Ventures, Redpoint Ventures, Max Levchin, First Round Capital, Oliver Jung, and Mike Hirshland.
ClearDATA Networks, Inc, a cloud computing platform and service provider focused on the healthcare industry, received USD14 million in new funding from Merck Global Health Innovation Fund, Excel Venture Management, Norwest Venture Partners and other institutional investors.
