Sony’s surprise Q2 profits belie poor annual figures

Screen Shot 2014-07-31 at 11.37.49 AM

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 last year. A Bloomberg report had previously predicted a loss of $112 million. Interest in World Cup 2014 titles helped Sony’s TV business … [Read more...]

Epic Sciences raises $30m Series C – Investment Round Up

Screen Shot 2014-07-30 at 11.32.02 AM

Seed funding San Francisco-based gaming studio JuiceBox Games has raised a $2.5 million seed funding round led by Initial Capital. General Catalyst, Index Ventures and Maveron also participated. JuiceBox produces free-to-play mobile games and will use the funds to expand into international markets. ThredUP, which allows users to buy and sell … [Read more...]

Twitter stock soars as World Cup boosts user figures

twitter 2

Twitter’s stock soared after the company posted better than expected earnings and user growth in its quarterly report. Shares in the social media company jumped as much as 35% in after-hours trading on Tuesday, following the most impressive quarterly earnings report since Twitter went public. The San Francisco-based company now boasts 271 … [Read more...]

Flipkart raises massive $1 billion funding round – Investment Round Up

flipkart

Series A Kurbo Health, a mobile program to help people lose weight, has raised $5.8 million in Series A funding from Signia Venture Partners, Data Collective, Bessemer Venture Partners and Promus Ventures. The company’s platform offers services through its iOS app to help children and their families lose weight. The company plans to launch an … [Read more...]

Workspot raises $6.5m Series A – Investment Round Up

Money Sign

Seed Jobr, a job search platform, has raised $2 million in seed funding from Lerer Ventures,Redpoint Ventures, Eniac Ventures, Lowercase Capital, Tim Draper, and others. The Jobr app seeks to connect job seekers and employers through a Tinder style model of swiping either left or right. Jobr plans to use the new funds to hire staff and build out … [Read more...]

IPO and M&A Watch: Line, Newsle, CardSpring

IPO

Keep an Eye On The Naver Corporation, a South Korean company that operates the popular messaging application Line, announced on Tuesday that it had filed its subsidiary with the Tokyo Stock Exchange for an IPO. Line boasts over 430 million users, many of whom live in Japan. Like its Chinese counterpart WeChat, Line relies on in-app purchases for … [Read more...]

Google reports 22% revenue increase as Arora bids farewell

google

Google, Inc has reported modestly rising quarterly earnings for the second quarter of 2014. The tech giant earned $3.4 billion, or $4.99 per share, in the April-to-June period. The figures represent a slight increase on the $3.2 billion, or $4.77 per share, reported in the second quarter of last year. “We are moving forward with great product … [Read more...]

Microsoft to lay off 18,000 in biggest jobs cut

ms cuts

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 in February, admitted that Microsoft needs to be “leaner” alongside more streamlined rivals such as Apple and Google, Inc. Nadella added that the biggest hit would … [Read more...]

Sensoria raises $5m Series A – Investment Round Up

Money Sign

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 participated in the round. Prediction IO was founded last year and has created an open-source program which allows developers to add … [Read more...]

Plastiq, the Buy-Side Square, Raises $10m – Investment Round Up

Screen Shot 2014-07-16 at 3.44.46 PM

Series A The Palo Alto, Calif.-based Internet Exchange solutions providerIIX, Inc. has secured $10.4 million in Series A funding from New Enterprise Associates, bringing total funding to over $15 million. IIX provides a platform that allows customers to connect to leading Internet Exchange Points (IXPs) through a single connection from anywhere … [Read more...]