THE BUSINESS OF TECHNOLOGY
Apple has acquired WiFiSlam, an indoor GPS startup that can pinpoint a smartphone in real time within 2.5 meters of accuracy. The move bolsters the company’s shoddy map product and makes it more competitive to Google Maps, improves indoor GPS mapping capabilities and will likely eventually create new mapping functions, such as the ability to … [Read more...]
Nasdaq received SEC approval for a $62 million payout to investors following the stock exchange’s botched Facebook IPO. Though it sounds like a pile of money, it’s a little more than pocket change for the estimated $500 million the errors reportedly cost investors. The company’s IPO last May was troubled to say the least. Nasdaq’s systems … [Read more...]
Apple was awarded a patent this week for an augmented reality function that can tag objects in a live video stream and present information about those objects in an overlay on the screen, the Apple Insider reported. Published by the U.S. Patent and Trademark Office, Apple's U.S. Patent No. 8,400,548 for "Synchronized, interactive augmented reality … [Read more...]
AccessData, the cyber security and digital forensics company that was one of the first to get in on the data and cyber protection gig way back in 1987, has raised $45 million for its first funding in the legacy company’s 26 year history. The investment includes a $20 million equity trade from Sorenson Capital and $25 million in structured debt … [Read more...]
NewsCred, a media company that serves as a middle man for third party media content, has raised $15 million and added the New York Times as a prestigious partner to give its model more validity. Founded in 2008, Newswire reinvents the newswire business model by offering media companies an easy way to syndicate premium content. Rather than offering … [Read more...]
In China, Google’s Android platform truly lives in the wild, wild West. A recent report from the Data Center of China Internet indicated that nearly 35 percent of Android apps secretly steal data unrelated to the functionality of the app, Tech in Asia reported. The center examined 1,400 apps downloaded from a variety of app markets, and found … [Read more...]
Facebook knows all about you, more than you probably know about yourself. A new study reveals that Facebook “Like” button data can reveal a surprising amount of information. Studying more than 58,000 volunteers who participated in the “myPersonality” app on Facebook, the research shows that the magical “Like” thumb can be used with over … [Read more...]
By MATT GALLAGHER, Red Herring Harnessing the power of ammonia, Ductor hopes to revolutionize both garden farming and gas tanks by the end of this summer. The company is developing what it claims to be the world’s first industrial scale ammonia and phosphate production technology based on a 100 percent biological process that actually … [Read more...]
Cybercrime is making big money, and not just for the criminals. The rise of cyberattacks has led to a big market for solutions to fight it. This week, Endgame, a next generation protector against cybercrime, has raised $23 million in a round led by Paladin Capital, the private equity firm. Existing investors Bessemer Venture Partners, Columbia … [Read more...]
It cost Netflix about $1.5 million in lobbying money to convince Congress to legalize sharing what you watch on your Facebook wall. Last week, just a day before the death of the judge whose congressional nomination inspired the legislation, the Senate voted to relax the Video Privacy Protection Act passed in 1988 that had prohibited video … [Read more...]