Internet

Hackathon to target North Korea’s ‘Hermit Kingdom’

Jan 15 Paju Launch-5

A two-day hackathon next month is aiming to bring more information to North Koreans. Hack North Korea, held in San Francisco between August 2 and 3, is hosted by New York-based NGO the Human Rights Foundation (HRF), and will pair Silicon Valley experts with defectors from the east Asian state, which is widely considered the most closed society on … [Read more...]

AppDynamics raises $120m at $1bn valuation – Investment Round Up

Money Sign

Series A SimpleReach, a content marketing startup, has raised a Series A round worth $9 million. MK Capital led the round, with participation from Atlas Venture, Village Ventures and High Peaks Venture Partners. SimpleReach was founded in 2010 and helps marketers and publishers effectively measure the value of content and adverts. The company … [Read more...]

Netflix crosses 50 million subscribers mark despite price hike

netflix

Netflix now has more than 50 million subscribers worldwide according to the company's quarterly earnings report released today. The content streaming website added 1.69 million users during the second quarter ending June 30, with 1.12 million new international subscribers and 570,000 additional U.S. members bringing the company’s total users to … [Read more...]

Urban Compass raises $40m – Investment Round Up

Money Sign

Series A The news that Yo has raised a Series A will do nothing to calm those fearing a tech bubble. The messaging app’s sole function is to send “Yo” back and forth between its users, but has secured $1.25 million in venture funding from Betaworks and Pete Cashmore (founder of Mashable). The financing values the company between $5 and $10 … [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

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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...]

Southeast Asia set for e-commerce boom

E-Commerce

Southeast Asia is the next big market for online shopping according to a recent study by UBS, which warns of the threat to established retailers posed by e-commerce firms. Physical barriers such as poor transport logistics infrastructure still hinder virtual shopping in the ASEAN group of countries, but as online retailers like China's Alibaba … [Read more...]

Rap Genius raises $40m, changes name to Genius – Investment Round Up

Money Sign

Series A Rocketrip, a travel management company, has raised $3 million in a Series A round led by Canaan Partners and Genacast Ventures. CrunchFund and Paul Bucheit also participated. Rocketrip was founded last year and has raised $6.2 million to date. The company’s search and booking platform targets enterprise users. Series B Rap Genius … [Read more...]