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.
Sectors
French hotel booking app VeryLast Room bags $2.1M in funding
Marseille, France-based last minute hotel booking mobile app VeryLastRoom bagged $2.1 million in a venture round led by APlusFinance and Extend & Sigma Gestion to fuel its expansion in Europe.
Active smartphone users in China went over 700 million last year
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.
US ticketing startup Eventbrite scores $50M in funding ahead of potential IPO
San Francisco, US-based event ticketing startup Eventbrite scored $50 million in a funding round from Tiger Global Management and T. Rowe Price to fuel its international expansion plans ahead of a potential initial public offering (IPO) in 2014.
California social media startup Banjo lands $16M in Series B round
Redwood City, US-based social media startup Banjo landed $16 million in a Series B funding led by Balderton Capital to fund its growth, international expansion, and product development.
Latest News
Starting April, United Airlines will roll out a free in-flight entertainment service for iOS devices and laptops that has more than 150 movies and 200 TV shows that passengers can stream.
Search giant Google is reportedly venturing into the set top business with its recent acquisition of Santa Clara, US-based mobile game and hardware developer Green Throttle Games for an undisclosed amount.
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.
Austin, Texas-based legal reserve life insurance firm Citizens Inc, through its subsidiary, added Ridgeland, Mississippi-based firm Magnolia Guaranty Life Insurance Co in a deal valued at $5.23 million.
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.
Mountain View, US-based 3D reconstruction firm Matterport is set to release a camera and technology that professional photographers and real estate firms can use to create 3D models of interior and outdoor spaces.
Newport Beach, US-based micro investing app Acorns raised $5.5 million in a Series B funding round led by Jacobs Asset Management to let people invest in index funds using their spare change.
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.
