Hansen Medical secured US $98 million funding from both new and old investors. The proceeds will be used for product development.

Dropcam gets additional US $30 million funding, raising its total capital to US $47.8 million Dropcam announced on Wednesday that it managed to raise US $30 million in third round funding, led by investor Institutional Venture Partners.

Alleghany Corp augmented its investment in Ares Management by putting in an additional US $250 million equity.

NEC threw the towel in its bid for gaining from the smartphone industry. NEC, a little known smartphone manufacturer, announced today that it is bowing out of the smartphone competition.

Wild Craze secured a US $2 million loan from TCA Global, which it intends to use for expansion. Wild Craze Inc. gets a business boost after TCA Global Credit Master Fund agreed to extend a US $2 million senior secured loan to the company, with an initial draw down of US $300,000.

John's Incredible Pizza gets US $17.4 million investment from Praesidian Capital. John's Incredible Pizza secured US $17. 4 million, representing first lien debt, from Praesidian Capital, one of the market leaders in debt capital options for small & medium businesses and mid-sized organizations.

Sanlam, South Africa's leading life insurer, shells out US $24 million in favor of First Strut.

According to a Google research, Canada's smartphone market increased. Canadians have been bitten by the smartphone bug, according to Google's latest report on smartphone ownership in the country.

HTC was considered as the "biggest victim" by an industry analysis from Citi. It is close to impossible for HTC to perform a comeback after losing horribly in the global smartphone race, according to analysts in the industry.

BMC Software Finance Inc. said it intends to offer USD 1,380 million in senior notes through a private placement.