nCrypted Cloud, a service that encrypts shared data on Dropbox, Google Drive and others, raised $3 million from angel investors for its seed funding round, TechCrunch reported.
Sectors
Google releases new Chromecast SDK for streaming media
Tech and Internet giant Google released a new software development kit (SDK) that allows developers to build their own apps for the Chromecast streaming media dongle.
Paper CEO wants Facebook to change news app name
Georg Petschnigg, Chief Executive Officer of creativity tool Paper, wants Facebook to change the name of the new mobile news app that it launched last week, which is also called Paper.
Y Combinator grad DataRank closes seed round for $1.4M
DataRank was able to secure $1.4 million in seed funds in a round led by New Road Ventures and joined in by FundersClub and other angels. Data Rank enables companies to track conversations about their brands online.
California-based startup Sqor raising $13M for sports-centered social networking platform
San Francisco, US-based sports-centered social networking platform Sqor raised over $4.4 million out of the targeted $13 million funding round ahead of a major platform update set to take place in February.
Latest News
Private equity investment firm Stockton Road Capital has made a minority investment together with affiliates of CCMP Capital Advisors in their purchase of nutrition firm Jamieson Laboratories.
U.S. stocks slumped on Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected data on the factory sector in the world's largest economyprovided investors with the latest reason to move away from riskier assets.
According to a report on Benzinga by Tim Melvin, individual investors may want to heed to private equity firms' strategies with regard to investing assets, citing the industry's record gains it posted last year.
UK firm Weedingtech's recent fundraising campaign was supported by high-profile private equity movers like British venture capitalist Jon Moulton and Millhouse LLC owner Roman Abramovich.
Sundar Pichai, a senior vice president at Google, has reportedly emerged as the leading candidate for Microsoft's chief executive officer post. Pichai is competing head-to-head with Microsoft insider Satya Nadella.
Clothing retailer Jos. A. Bank, which is in a takeover war with Men's Wearhouse, is reportedly in talks to buy Washington-based peer Eddie Bauer. Eddie Bauer is owned by New York hedge fund Golden Gate Capital.
Woodbridge International, a global mergers and acquisitions firm specializing in middle-market companies, announced the opening of its new office in Santiago, Chile. Senior M&A Advisors Giorgio Olivari and Andrés Bahamondes will be leading Woodbridge's Chilean team.
Co-Signer, Inc. today announced its subsidiary's default ratio for calendar 2013 was 2.3% of total contracts for the period in contrast to its budgeted internal forecast of 7%. With an expanded sales effort for the immediate past year of its service product in targeted communities nationwide, the Company reported this milestone was achieved through its continuous monitoring of its underwriting.
Total Gaming Technologies Inc (TGTI), a subsidiary of Philippine-based lotto operator Pacific Online Systems Corp (LOTO) purchased 1,544,700 common shares of its parent firm for PHP23.29 million for investment purposes.
