The maker of a controversial malware, whose users have been targeted today in a global sting operation, has defended its use. In a series of emails to Red Herring the product’s creator…
Social Tables secures $8m funding round – Investment Round Up
Seed funding Two Tap, an in-app e-commerce platform, has raised $2.7 million in seed funding. Digital Garage, Green Visor Capital, Initialized Capital, Khosla Ventures, SV Angel and Transmedia Capital all took part…
Doctor on Demand raises $21m – Investment Round Up
Series A Doctor on Demand, a virtual doctor service, has raised $21 million in a Series A round led by Venrock. Shasta Ventures and angel investor Sir Richard Branson also participated. The…
Vectra Networks secures $25m – Investment Round Up
Series A Palo Alto, Calif.-based big data analytics company Metanautix has raised $7 million from Sequoia Capital and angel investor Shiva Shivakumar, an early Google employee and current CEO of UrbanEngines. CEO…
Scytl raises additional $44m – Investment Round Up
Series A Haha Pinche, a car sharing app based in China, has raised $10 million in Series A funding, in a round led by Sequoia Capital. Innovation Works also participated in the…
IPO+M&A Watch: Mobileye, Synchrony, Apple
IPO This week’s activity in the public markets was headlined by the stock market debut of Synchrony Financial, GE’s consumer finance arm divested as a separate, public entity. Synchrony finances private label…
Sony’s surprise Q2 profits belie poor annual figures
Sony Corp posted surprise second-quarter profits today, despite warning of big year-end losses. Net income for the three months ending June was $260.82 million, compared to $30.1 million for the same quarter…
Microsoft to lay off 18,000 in biggest jobs cut
U.S. tech giant Microsoft is set to lay off 18,000 employees, according to an internal memo from its new CEO. Satya Nadella, who took over the reigns from longterm chief Steve Ballmer…
Sensoria raises $5m Series A – Investment Round Up
Seed Open-source machine learning startup PredictionIO has raised $2.5 million in seed funding in a round led by Quest Venture Partners. Azure Capital Partners, CrunchFund, the StartX Fund and Kima Ventures all…
Digital security sector remains hot as Andreessen Horowitz injects $90m into Tanium
Andreessen Horowitz (a16z) has pumped $90 million of funding into Tanium, an enterprise security and systems management company.It was the second largest single investment by the venture capitalist firm and the latest…