VENTURE CAPITAL POST

Sources told tech news website TechCrunch that Basis Health Tracker Watch maker Basis Science has been bought by Intel for anywhere from $100 million to $150 million.

In its quest to develop products faster and introduce more devices to the market faster, Apple Inc has hired new engineers from rival firms like HTC to beef up its team in Asia, The Wall Street Journal reported.

In what seemed like an indication of the dominance of Sony's PlayStation 4 over Microsoft's XBox One, the video game console of the Japanese company sold 6 million units globally in less than four months, VentureBeat reported.

Toronto-based image recognition technology maker Slyce has gathered $10.75 million for its latest funding round led by Beacon Securities and joined in by other investors, TechCrunch reported.

Warren Buffet has sought to bolster investor confidence about how Berkshire Hathaway will perform after he leaves the company but the lack of a succession plan has concerned investors, Reuters reported.

SALESmanago, an online marketing automation platform provided by marketing software company Benhauer, has raised $1.7 million in a funding round led by InPost Founder Rafał Brzoska, TechCrunch reported.

Peter Oppenheimer, Apple's long-time Chief Financial Officer, will be retiring in September. He will be succeeded by VP of Finance and Corporate Controller Luca Maestri, TechCrunch reported.

Buzzmove, the UK's first price removals site and Wayra UK graduate, grabbed $650,000 in its seed funding round to expand its list of vendors and prepare for its nationwide launch, TechCrunch reported.

HealthCare Royalty Partners was the lead investor in the Series E funding round of advanced medical devices maker Invuity Inc which raised $36 million, a statement about the funding said.

Conference calling service Speek secured $5.1 million from its Series A round which included the earlier round which raised $2.7 million in convertible notes raised before, TechCrunch reported.

France-based electronic trading applications provider Ullink has received a majority investment from Europe-focused private equity firm HgCapital. Financial details were not disclosed in the statement about the funding.

The launching of ChinaSo, reportedly being run by Xinhua's vice president, represents another attempt by the Chinese government to have its own state-run search engine, TechCrunch reported.

Dukosi, the Scottish technology firm that developed the Electric Vehicle Optimization Integrated Circuit, secured £320,000 to help finance the commercial roll out of its smart chip geared towards electric vehicles, the Herald Scotland reported.

New Zealand Venture Investment Fund Chief Executive Officer Franceska Banga thinks that the rule change permitting equity crowdfunding in New Zealand is a positive development, Fairfax NZ News reported.

XLMedia, the digital media firm that brings traffic for online gaming sites, intends to secure $40 million in a London stock market flotation, the Financial Times reported.