Squarespace raises $40m – Investment Round Up

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Series A KeyMe, which helps people keep, distribute and copy real keys via digital technology, has gained $7.8 million in a Series A funding round. White Star Capital, Battery Ventures, Ravin Gandhi and 7-Ventures LLC were among the investors. The locksmith industry stands at $5 billion per year, according to a press release. Alviso, CA-based … [Read more...]

Paraplegic to kick off World Cup with groundbreaking robotics

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The first kick of this year's FIFA World Cup in Brazil will be performed by a paraplegic teenager, thanks to a robotic exoskeleton that translates brainwaves to actions. The revolutionary device was developed by a team of scientists around the world called the Walk Again Project. It will debut at Sao Paulo's Arena Corinthians on June 12 this year, … [Read more...]

Red Herring CEO Alex Vieux tells Europe: Go West


Alex Vieux, founder and CEO of Red Herring, has urged European entrepreneurs to seek investment and clients outside the continent - while praising the resilience of the European tech industry. Vieux, speaking at the Red Herring Top 100 Europe event in Amsterdam, said that the continent is "at an inflection point," citing an increased amount of … [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...]

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...]

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...]

How Berlin became an online privacy haven


After NSA contractor Edward Snowden leaked millions of secrets that blew the lid off American spying activities, Germany's most famous news magazine Der Spiegel defended him, blazoning "Asyl Für Snowden" (Asylum for Snowden) on its front page. Since then, Snowden has found a home in Moscow. But many hoped the German capital of Berlin had provided … [Read more...]

UAE’s Souq.com raises $75m – Investment Round Up

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Funding The WSJ is reporting Souq.com, which claims to be the Arab world’s biggest e-commerce site, has secured a $75 million investment from Naspers, a South African media organization. The Dubai-based company, frequently labelled the Middle East’s Amazon, features more than 200,000 products on its site. Souq.com gets upwards of 8 million visits … [Read more...]

Could Vodafone’s Ono acquisition trigger European telco spending spree?


Vodafone’s $10 billion purchase of Spanish cable operator Ono cements the British telecoms company’s pursuance of a 'united communications' model. And the British firm may have fired the starting gun on a year of spending in Europe, despite continued acquisition overtures from American outfit AT&T. The acquisition of Ono, Vodafone’s first … [Read more...]