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 50 million Android smartphones were vulnerable, while Heartbleed-enabled hacks hit U.K. parenting site Mumsnet, and the Canadian tax authority. Heartbleed is a loophole in the … [Read more...]

Sungevity secures $70m in funding – Investment Round Up

Money Sign

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. The company is working on “the first biologically-guided radiation therapy system for cancer treatment,” according to a press … [Read more...]

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 control over nearby Crimea. The breakaway Moldovan state of Transnistria has already called on Moscow to annex it. NATO's supreme allied … [Read more...]

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, fossil fuels are still being burned at a frantic pace. In fact, Earth's top ten consumers of oil burn over 60 billion barrels a day - that's enough … [Read more...]

RentPath picks up Lovely – Investment Round Up

Money Sign

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 million. Accel Partners led the round, which saw contributions from existing seed investors; among them: First Round Capital, SV Angel and … [Read more...]

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 copied some of Apple’s patented features to make its products. “Samsung...has systematically copied Apple’s innovative technology and products, features … [Read more...]

Cool Planet Energy Systems raises $100m – Investment Round Up

Money Sign

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 debut of its flagship title, Midnight Star, into beta this coming summer. Gartner reports revenues for the mobile games industry will swell to $22 … [Read more...]

Did Facebook Pay Too Much of WhatsApp, or What’s Really Behind Free Software…..


By Umang Gupta, Retired Chairman & CEO Keynote Systems Lately, I’ve met with a lot of young software entrepreneurs that want my advice about their new product or business idea. When I ask them what their sustainable advantage is over the competition, they invariably point to their innovative technology, their first-to-market status and their … [Read more...]

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 previously reported the $950 million fund’s size at $1 billion. CNN reported the Menlo Park VC has set $650 million aside for early-stage … [Read more...]

OneRoofEnergy secures more than $30m in funding – Investment Round Up

Money Sign

Series A Payward, Inc.’s Kraken division — an exchange for digital currencies such as Dogecoin and Bitcoin — has received $5 million in Series A funding. The round was led by Hummingbird Ventures. Among its other backers: Barry Silbert’s Bitcoin Opportunity Fund and angel Trace Mayer. Kraken provides an intersection point for foreign exchange … [Read more...]