Hardware

Samsung suffers third straight quarter of declining profits

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Samsung has posted a 20% drop in net profit in its latest earnings report. The South Korean company also announced the worst performance by its smartphone business since the second quarter of 2012, as it struggled to fend off increased competition. Samsung reported 6.25 trillion won (around $6.1 billion) in net profit and 52.35 trillion won ($51 … [Read more...]

Sony’s surprise Q2 profits belie poor annual figures

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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...]

Video conferencing platform Vidyo raises $20m – Investment Round Up

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Seed Button, a New York-based customer acquisition and engagement startup, has raised a $2.25 million seed round led by Atlas Ventures. DCM, Greycroft Partners, MESA+ and VaynerRSE all participated, as did a number of angel investors. The company’s platform is currently in private beta and will use the funds to hire new staff and continue … [Read more...]

Weapons tech company TrackingPoint raises $29m – Investment Round Up

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Series B Cloud-based data management company Krux has raised $35 million in Series B funding, led by SAP Ventures. Time Warner Investments, Visionnaire Ventures and Temasek also participated, as did existing investors Accel Partners, IDG ventures and The Entrepreneurs Fund. Krux has now raised a total of $50 million since it was founded in 2010. … [Read more...]

Red Herring Announces Finalist for 2014 Top 100 North America

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The Red Herring editorial team is pleased to announce the 2014 Finalist list for the upcoming Red Herring Top 100 North America event. This set of companies represents the short list for the Top 100 award. Leveraging game-changing technology and services, these companies have proven themselves the most innovative and influential ventures across the … [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...]

Optio Labs raises $10 million – Investment Round Up

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Series A Tips and tutorials app Trusper has gained $6.17 million in a Series A investment led by DCM. Charles Schwab and other backers contributed to the round. The Los Altos Hills-based company drew upwards of 5 million active users to its platform while still in stealth mode. Trusper has since debuted on the App Store and Google Play, according … [Read more...]

Comcast agrees $45.2bn Time Warner Cable acquisition – but will it go through?

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Comcast, the largest Internet service provider in the U.S., has agreed to buy media rival Time Warner Cable for $45.2 billion, pending regulatory approval. Consumer groups have already voiced strong objections to the acquisition. So will the deal go through? Comcast offered $158.82 per share for Time Warner Cable (TWC), which spun off from Time … [Read more...]

Nutanix shows IPO can wait with $101m funding round

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When converged infrastructure company Nutanix raised a $33 million in Series C funding last year, analysts thought an IPO might follow. Instead, the company recently acquired upwards of $100 million in a Series D round, more money than any of its industry competitors had ever raised before in a single round. And though the company confirms a public … [Read more...]

Pure Storage Raises $150M in Largest Private Round in Storage’s History

PureStorage

Pure Storage, the enterprise solid state storage entrepreneur, has raised an impressive $150 million. The company claims it’s the largest single private round in the history of storage. It is also the third largest financing round in a North American business technology company this year, according to Bloomberg data. The investment values the … [Read more...]