VENTURE CAPITAL POST

Toronto, Canada-based personalized comic strip app Bitstrips is raising $15 million in a Series B funding round reportedly led by Kleiner Perkins Caufield & Byers to address growth and scaling issues.

InMobi has only been in business for less than a decade but it has already proven to be a worthy contender to tech giants in the mobile ad space, Voice & Data reported.

In a bid to attract more startups, Walldorf, Germany-based sofware giant SAP planned to open a cafe in Palo Alto, California, where startups companies can hang out, collaborate, and connect to over 1,000 companies worldwide.

San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.

Cupertino, US-based smartphone giant Apple considered purchasing Palo Alto, California-based electric car manufacturer Tesla, according to a San Francisco Chronicle report citing an unnamed source.

E-commerce giant eBay and iPhone maker Apple Inc were beloved bets among top US hedge funds like that of activist investor Carl Icahn in the fourth quarter of last year, Reuters reported.

New Mexico, US-based app design and development startup ByteWare Apps launched Superflat, its first iPad gaming app, which is a supplement to the construction-based computer game Minecraft.

HTC Corp intends to expand its range of more affordable smartphones after the losses it experienced last year for its high-end product offerings, Reuters reported.

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.

Tech giant Apple has cleared the App Store of all Bitcoin mobile wallet apps by pulling Blockchain from the store on Wednesday without a clear explanation for the move, but retained other non-wallet Bitcoin apps in the said store.

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.

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.

Flappy Bird, a mobile game created by Hanoi-Vietnam-based developer Dong Nguyen of dotGears Studios, hit the top spot of free mobile apps in the Google Play and iOS app stores, mainly because it is very challenging and frustrating.

Seattle, US-based beauty product startup Julep launched a crowdfunding campaign on its website to raise $75,000 for a new bendable nail polishing tool to test the demand for the said product.

Data showed that Android holds the top spot as the most popular mobile platform in the world but Samsung is clearly under pressure as local players step up their game, TechCrunch reported.