VENTURE CAPITAL POST

The US high court will be hearing an oral argument on the eligibility of software patent protection on Monday and will decide on the matter by the end of June, Reuters reported.

ClearStory Data was able to get $21 million for its Series B funding round led by DAG Ventures and joined in by other backers, TechCrunch reported.

Smart Ventures already tapped a veteran fund manager to work on the $100 million initial private placement fundraising for Cannabis Funding Group, the statement said.

Resistive RAM technology pioneer Crossbar Inc obtained $25 million for its Series C financing round from its current backers and new investors, a statement about the funding said.

Kitchensurfing has secured a $15 million investment for its Series B round led by Tiger Global Management and participated in by Union Square ventures and Spark Capital.

Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.

Some employees of Mozilla are asking newly-named Chief Executive Officer Brendan Eich to leave his post as three board members left the firm last week, VentureBeat reported.

Results of a study showed that the CoreValve system of Medtronic Llc posted a significantly higher rate of survival among patients who opted for the procedure than those who underwent open heart surgery, Reuters reported.

Neil Young's PonoMusic was able to raise over $5 million for its Kickstarter crowdfunding campaign for its PonoPlayer with 16 more days to go before the campaign ends, TechCrunch reported.

The National Assembly of Cuba has approved a new foreign investment law via a unanimous vote held through a special session, Reuters reported citing the country's official media.

As part of his move to step back from Y Combinator, Paul Graham announced that others would be taking over the responsibilities of Hacker News, TechCrunch reported.

Chicago-based Trustwave Holdings Inc denied allegations on the lawsuit filed by two lenders that it managed Target's data security and processed the data of its cardholders, Reuters reported.

An antique doll sculpted by Albert Marque set a record-breaking price of $300,000 in an auction event held by Theriault in Naples, Florida, a statement about the activity said.

Three people told Reuters that employees already approached Chief Executive Officer Mark Karpeles in 2012 about how the bitcoin exchange was protecting the money of its clients.

Alibaba Group Holding, through its unit, will be buying a stake and subscribing to convertible bond shares in Intime Retail Group Co, a department store operator, Bloomberg reported.