Nokia’s handset business Nokia Oyj is to be renamed Microsoft Mobile when Microsoft’s $7.2 billion acquisition is completed on Friday, according to reports. The name change was announced by blogger Nokiapoweruser, who…
VKontakte CEO Durov departs company
Pavel Durov, the 29-year-old founder of VKontakte, Russia’s biggest social network, has finally left the company less than a month after pretending to resign as part of an apparent April Fool’s joke.…
Heartbleed an ‘existential threat to Internet’ – experts
Over a week since the Heartbleed bug was revealed to the world millions of web users are still at risk of serious identity thefts. This week it was announced that up to…
Sungevity secures $70m in funding – Investment Round Up
Series A Burlingame, CA-based medical device company RefleXion Medical has raised $11.6 million in a Series A funding round led by Sofinnova Partners. Pfizer Venture Investments and Venrock contributed to the investment.…
Revolutionary E-Governance helps Moldova beat corruption as Russia threat looms
Moldova, a tiny state bordering Ukraine, is crippled by corruption and emigration. Some have even suggested that its weaknesses leave it exposed to a possible annexation by Russia, as Vladimir Putin consolidates…
Four of the most left-field Earth-hacks that could combat climate change
A recent UN report on climate change reminded the world of the reality it is facing. Despite an overwhelming scientific consensus that humanity is to blame for rising temperatures and extreme weather,…
RentPath picks up Lovely – Investment Round Up
Series A Cloud application and mobile device compliance company Sookasa has debuted from stealth, deployed Sookasa Cloud Compliance Service, and raised a Series A funding round. Reports put the investment at $5…
Apple, Samsung head for another day in court
This week, two tech titans will clash once again in court. Samsung will fight claims it owes Apple approximately $2 billion in damages, while the Cupertino giant will argue the Galaxy manufacturer…
Cool Planet Energy Systems raises $100m – Investment Round Up
Series A Mobile games developer Industrial Toys has secured $5 million in a Series A round. Accel Partners led the round. According to a press release, the Pasadena-based company is announcing the…
Lightspeed Venture Partners’ new fund nears $1 billion
Lightspeed Venture Partners has raised a new, nearly billion-dollar fund. It’s the firm’s tenth and has been split in two different pots earmarked for early- and late-stage ventures, according to Fortune, which…