VENTURE CAPITAL POST

Greylock Partners has raised $1 billion fund for its newest startup, San Franciso.

Tech salaries are soaring higher, as last year it more than doubles the average pay in other sectors. It proves that the tech industry remains a major driving force in the U.S. economy with high income and massive job gains across the country.

San Fransisco-based biotech accelerator IndieBio is determined to help biotech startups the way other accelerators have done for IT startups. The firm believes that biotech is a highly important sector to boost the quality of humanity and economy, and is convincing other investors to have the same vision.

In a report, the Business Standard said private equity firms are a significant contribution to the consolidation of IT services and BPO sector in India. There were five private equity transactions closed this year that totaled USD1.13 billion in value.

IT company SevOne appoints high-profile CEO to help the firm become the "next great technology company."

ThousandEyes acquired $5.5 million in Series A funding led by Sequoia Capital.