OKCoin raises $10 million – Investment Round Up

Money Sign

Series A Gravie, the Minneapolis-based health insurance platform, has gained $10.5 million in a Series A funding round. Aberdare Ventures led the investment, which saw participation from current investor FirstMark Capital. Total backing behind Gravie now comes to $13 million. The investment will facilitate the growth of operations and empower the … [Read more...]

Xapo raises $20m – Investment Round Up

Money Sign

Series A Xapo, which keeps Bitcoins safe both online and offline, has announced a $20 million Series A investment. Benchmark led the round; Fortress Investment Group and Ribbit Capital participated. The Palo Alto-based company combines a bitcoin wallet with a fully-insured cold storage vault, according to a blog post by the company. Security … [Read more...]

Internet’s founding father proposes digital Magna Carta


This week the Internet turned 25 years old. In this post-Snowden and not-so-net-neutral era, some might argue the World Wide Web’s fate no longer rests in the world’s hands. But with 60 percent of the population still offline, change is coming — and the inventor of the Web wants to ensure it’s the good kind. Sir Tim Berners-Lee, the father of the … [Read more...]

Helsinki calling: seven Finnish game winners


We've all heard of Angry Birds. But what about King of the Cabbage World? The less-catchy title was Finland-based Rovio's first development - 51 before their most famous, whose many versions have amassed a whopping 2bn downloads worldwide. But Rovio is just one company in a burgeoning local scene. This week Helsinki's Next Games secured $6 million … [Read more...]

U.K. government looks to Internet of Things for ‘industrial revolution’


The U.K. government will spend an extra £45 million ($75 million) on the Internet of Things (IoT) sector, in an attempt to put the country at the forefront of a technology-led “industrial revolution,” Prime Minister David Cameron has said. The cash injection will fund research into the Internet of Things, which pictures the world and everything in … [Read more...]

Sina Corp.’s Weibo could choose U.S. exchange for IPO

Screen Shot 2014-03-12 at 10.12.34 AM

Sina Corp. is plotting an overseas IPO for Weibo, China’s Twitter copycat, according to data compiled by research firm PrivCo. The company predicts Weibo will follow parent company Sina and list on the Nasdaq exchange. The research puts Weibo’s value at around or below $8 billion, which is nearly double Sina’s market cap of $4.7 billion. “Weibo is … [Read more...]

Google’s Internet TV and wearables ventures give encouraging results

google tv

Google recently announced further advances into new territory . The company disclosed news regarding its Internet TV and wearables businesses at South by Southwest, the Austin, Texas tech conference. But what do these new ventures reveal about Google’s future strategy? The Mountain View behemoth hasn’t abandoned its bread-and-butter business, … [Read more...]

Optio Labs raises $10 million – Investment Round Up

Money Sign

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...]

Recruitment tech sector consolidates with round of acquisitions


The talent industry embarked on its own recruitment drive recently, as three of its biggest names secured large acquisitions in the last month. LinkedIn, the social media platform aimed at professionals, has made increasingly large strides into the recruitment sector over the past few years, and enjoyed considerable success. This progress has been … [Read more...]

IBM CEO talks data and engagement at Mobile World Congress


IBM CEO Virginia Rometty has stressed the importance of data in the future of her company's business structure, while announcing new strategies for the New York-based tech giant. Rometty, who rarely speaks in public, told journalist David Kirkpatrick how data is fast becoming an integral part of any business model, and highlighted the current … [Read more...]