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Admin defends webcam streaming site as authorities condemn privacy invasion

A Russian-run website, which purports to show content from unsecure webcams around the world, has been drawing derision from Britain to Australia. But while officials talk of shutting down the site, its…

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Everstring secures $12m funding – Investment Round Up

Series A Everstring, a San Mateo, Calif.-based sales analytics company, has raised $12 million in Series A funding from Lightspeed Venture Partners and existing investors Sequoia Capital and IDG Ventures.  The team…

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Buzzfeed raises $50 million funding round – Investment Round Up

Series A Plated, a meal-kit provider, has raised $15 million in Series A funding in a round led by Greycroft Partners. Formation 8, ff Venture Capital, Lerer Ventures, Great Oaks Venture Capital,…

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Social media giants enjoy encouraging quarter

The last quarter saw strong results nearly across the board in the social media sector. Even Snapchat, neither public nor two years old, was able to latch on to the positive momentum,…

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Vectra Networks secures $25m – Investment Round Up

Series A Palo Alto, Calif.-based big data analytics company Metanautix has raised $7 million from Sequoia Capital and angel investor Shiva Shivakumar, an early Google employee and current CEO of UrbanEngines. CEO…

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Scytl raises additional $44m – Investment Round Up

Series A Haha Pinche, a car sharing app based in China, has raised $10 million in Series A funding, in a round led by Sequoia Capital. Innovation Works also participated in the…

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IPO+M&A Watch: Mobileye, Synchrony, Apple

IPO This week’s activity in the public markets was headlined by the stock market debut of Synchrony Financial, GE’s consumer finance arm divested as a separate, public entity. Synchrony finances private label…

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Kabam raises $120m in funding from Alibaba – Investment Round Up

Seed funding Resy, a restaurant reservations app, has raised a $2 million seed round led by Vayner/RSE and Lerer Ventures. Panarea Capital, A-Grade Holdings, Slow Ventures and Ken Austin also participated. The…

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Samsung suffers third straight quarter of declining profits

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…

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Sony’s surprise Q2 profits belie poor annual figures

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…

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