VENTURE CAPITAL POST

US-based e-commerce giant Amazon is reportedly in talks with big music companies about plans to offer its own music streaming service under it Prime membership, according to a report by Re/code citing anonymous industry sources familiar with the discussions.

San Francisco, US-based software development project web hosting service GitHub built a new browser-based text editor called Atom that allows developers to write and edit code at the same time in a bid to combine all the best features of the available text editors in the market.

Sony will shut down two-thirds of its retail outlets located across the US, with 11 out of the 31 stores near major markets to remain open, as part of its move to offload unprofitable units and reduce liabilities.

US-based payments startup Knox Payments raised $900,000 in funding from Virginia-based angel investors to launch a limited beta version of its service that allows merchants to accept direct payments from their clients' bank accounts.

New York, US-based crowdfunding deals aggregator CrowdWatch wants to help people find investment opportunities by gathering together all deals from equity and debt-based crowdfunding platforms in just one place.

U.S. District Judge Jeffrey White dismissed the lawsuit filed against San Francisco, California-based social game maker Zynga in which shareholders accused the company of lying about its financial status before it went public.

Austin, Texas-based hardware and software startup Open Labs updated its StageLight software to allow users to create and edit their own music with the help of hip-hop superstar Timbaland.

New York, US-based tech giant IBM and Dallas, Texas-based telecom firm AT&T struck a strategic partnership that will create a simplified service that will help businesses deal with network security problems and other cyber threats.

Threatened by the news of the Mozilla Foundation developing a $25 Firefox OS smartphone, Finnish phone maker Nokia also launched its own set of new Android smartphones for emerging markets during the Mobile World Congress held in Barcelona.

Texas, US-based storage marketplace SpareFoot raised $10 million in a new funding round from Insight Venture Partners for the company's growth, product development, and expansion efforts in the storage industry.

Russia displayed an impressive technological show during the closing event of the XXII Olympic Winter Games in Sochi using the theme Reflections of Russia, which ended with a giant bear putting out the Olympic flame.

San Mateo, US-based open platform as a service Cloud Foundry is about to become more popular by launching the Cloud Foundry Foundation, which will help servers deploy software apps of developers under an open-source Apache license.

Chinese gadget maker Huawei unveiled five new devices during the Mobile World Congress tradeshow held in Barcelona, including two tablets, one smartphone, one smartband, and a fast mobile Wi-Fi device.

San Francisco, US-based real estate online marketplace Trulia released new photo-focused iPhone and Android apps to help home buyers find and choose homes or properties faster.

Menlo Park, US-based social media giant Facebook will be kicking off its yearly Hacker Cup competition at the company's head office today with 25 participants from North America, Asia, and Europe.