Former Citigroup CTO raises $1M for hardware startup Avegant on Kickstarter

Yobie Bejamin, the former Chief Technology Officer (CTO) of Citigroup, raised $1 million on via crowdfunding platform Kickstarter for hardware startup Avegant's new kind of headset called Glyph.


Removal of Bitcoin app Blockchain from App Store causes fans to ditch iPhones

iPhone fans aren't too happy that Apple has decided to remove a Bitcoin application called Blockchain from the app store, with some taking extreme action to show their displeasure to Apple, Bloomberg reported.

Despite emerging market concerns, aerospace firms still betting in Asia- report

Planemakers are looking forward to inking billions of dollars in deals at an aerospace gathering in Singapore next week despite worries about the turmoil in emerging markets, Reuters reported.

Japanese Bitcoin exchange Mt Gox temporarily halts withdrawals

Tokyo, Japan-based Bitcoin exchange Mt Gox announced on its site that it temporarily halted Bitcoin withdrawals to resolve a technical problem that arose from the increased withdrawal traffic.


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San Francisco, US-based firm Inzopa launched a platform that simplifies the process of home financing by connecting homebuyers with real estate agents, mortgage brokers, and lenders.
Bloomthat, a flower delivery startup based in San Francisco, pulled in seed funding from investors that included SV Angel and Ashton Kutcher amounting to $2 million, TechCrunch reported.
New York, US-based startup Docurated nabbed $3.75 million in its first major funding round led by Rogers Venture Partners to help companies index and search for their files on local servers and cloud storage services.
Apple seems to be gearing up to go into sapphire crystal display manufacturing as documents reveal that the company is buying furnaces and chambers as well as tools for the purpose, TechCrunch reported citing a report from 9to5Mac and information from its own source.
American software company PressFriendly built a platform that works like a virtual PR team for startups and orient them on what they should do before sending a sales pitch to potential customers.
Allovue, an education technology firm based in Baltimore, Maryland, received $800,000 for its seed funding round from Maryland Technology Development Corporation, Baltimore Angels and Shulman Ventures.
San Francisco, US-based online real-time restaurant reservation platform OpenTable acquired Palo Alto, California-based personalized recommendations app maker Ness Computing in a deal valued at $17.3 million.
Y Combinator, SV Angel, Max Levchin and other investors provided seed funds amounting to $2 million to San Francisco, California-based "pre-commerce" platform Celery to help grow the team and develop its storefront features.
Teqcycle Solutions, a Munich-based firm that provides mobile devices trade-in and reuse solutions, has bagged an undisclosed investment from T-Venture Holding, a subsidiary of Deutsche Telekom.
A fintech incubator has just been rolled out by pan-European accelerator Startupbootcamp in London. The FinTech bootcamp is backed by big names that include Lloyds, Rabobank and MasterCard, TechCrunch reported.