VENTURE CAPITAL POST

Hellman & Friedman purchased Renaissance Learning, a learning analytics firm, in a cash deal worth $1.1 billion less than a month after it closed a $40 million round led by Google Capital, TechCrunch reported.

SiNode, a company that is working on prolonging the energy storage capacity of batteries and improving their charging rate, has secured seed funding from Energy Foundry, TechCrunch reported.

Analytics company Umeng said the number of active smartphone users in China has surpassed the 700 million mark as of the end of 2013, TechCrunch reported.

MuleSoft obtained $50 million for its most recent financing round led by NEA, Lightspeed Venture Partners and Meritech Capital Partners, a statement about the funding said.

UK's Business Secretary Vince Cable has commissioned Acorn Computer Co-Founder Hermann Hauser to evaluate how to maximize the government-backed technology centers launched in 2011, the Financial Times reported.

The US Federal Trade Commission has begun an inquiry into the operations of nutrition and weight loss firm Herbalife, an inquiry that has long been asked for by activist investor William Ackman, Reuters reported.

Kaspersky Lab published new research that the old worm known as Agent.BTZ infected at least 400,000 computers in Russia and Europe after breaching the Central Command of the US military, Reuters reported.

Chief Executive Officer Patrick Byrne of Overstock said they are recording $20,000 to $30,000 worth of Bitcoin transactions per day and growing, Business Insider reported.

Google gave the Home Office in the UK "super flagger" access to YouTube, allowing them to screen content that they feel are a national security threat, the Financial Times reported.

Alibaba is almost certain that it will not be undertaking its initial public offering in Hong Kong but in New York, according to sources interviewed by the Financial Times.

Trulioo has obtained $6 million for its Series A round led by

Unified digital platform Omniata secured $5.2 million for its Series A round led by Nordic venture capital firm Creandum and participated in by seed investor Sigma West, a statement about the funding said.

Google Capital led the latest funding round for Credit Karma which secured $85 million. The financing was also participated in Tiger Global Management and its existing backers, TechCrunch reported.

King Digital Entertainment, the British developer of the widely-active game Candy Crush Saga, could be valued up to $7.6 billion after it holds its initial public offering, AFP reported.

Tim Berners-Lee, the Father of Web, has called for an online Magna Carta that will safeguard the openness, independence and neutrality of the Internet, TechCrunch reoprted.