General Motors (GM) is investing USD11 million to build a new source of energy for its Fort Wayne Assembly Plant, a move that will save the company USD5 million a year.
Funding
Big data startup Trifacta raises USD12 million in Greylock and Accel-led round
Trifacta, a San Francisco-based startup focused on making platforms for data analysis, raised USD12 million in new funding in an investment round led by Greylock Partners and Accel Partners.
Venture capital firm Northzone announces new EUR200 million fund for Nordic startups
Venture capital firm Northzone had set up its biggest fund yet at EUR200 million or USD272 million. The fund will be geared towards making investments in startups within the Nordic region and businesses who had partnered with a Nordic-influenced startup.
Israeli startup Carambola Media receives USD4 million in Series A funding
Months after receiving a USD1 million in seed investment, Israeli startup Carambola Media raised USD4 million in a Pitango Venture Capital-led Series A funding round.
Abe's cabinet approves USD182 billion economic stimulus plan for Japan
The JPY18.6 trillion or USD182 billion economic plan for Japan was approved by the state's cabinet under Prime Minister Shinzo Abe. The core of the package is the JPY5.5 trillion in spending measures Abe ordered back in October this year.
Latest News
Germany-based second screen TV startup Wywy announced that it has secured USD7 million in Series B funding for its expansion to Europe and the United States.
California-based pharmaceutical company PaxVax Inc raised USD22 million in a Series B funding round for the late-stage trial of its single-dose oral cholera vaccine for travelers.
Cambridge-based anti-obesity drug developer Zafgen Inc bagged another USD45 million in a Series E funding round today, bringing its total funding to date to USD114 million.
Venture capital trust Time:Reboot VCT plans to raise around GBP20 million by the end of April 2014 to invest exclusively in firms run by UK military veterans.
Fondo Strategio Italiano, one of the bidders for a 20% stake in Versace, is willing to put in a bid valuing the Italian fashion house at EUR1.1 billion. Versace earlier said that it seeks a valuation of at least EUR1 billion.
Clarity Health Services, a Seattle, Washington-based care coordination solutions provider for the healthcare industry, received USD 6.6 million funding from Columbia Pacific Advisors' Opportunity Fund.
Private equity firm Mayfield Fund confirmed its USD6 million participation in robotics and commercial drone maker 3D Robotics' USD30 million funding round back in September.
Hardware startup Misfit Wearables raised USD15.2 million in fresh capital in a funding round led by Li Ka-shing's Horizons Ventures and also participated by its existing investors.
Trufa, a real-time data analytics software that aids companies in improving its financial performance via operational expenses analysis, nabbed USD4.5 million in Series A funding in an investment round led by Accel Partners.
