Microsoft to lay off 18,000 in biggest jobs cut

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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

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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...]

Digital security sector remains hot as Andreessen Horowitz injects $90m into Tanium

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Andreessen Horowitz (a16z) has pumped $90 million of funding into Tanium, an enterprise security and systems management company.It was the second largest single investment by the venture capitalist firm and the latest indication that now, more than ever, is a good time to be in the Internet security industry. The first half of 2014 has been … [Read more...]

Handybook secures $30m – Investment Round Up

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Series A Light has raised $9.7 million in Series A to help it realize a “mission to reimagine the art and science of photography.” The Palo Alto-based startup was co-founded by Dave Grannan, whose previous company, Vlingo, made natural speech recognition technology for the first Siri app. Bessemer Venture Partners and Charles River Ventures … [Read more...]

FieldLens raises $8m Series A round – Investment Round Up

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Series A New York-based mobile field management company FieldLens has secured $8 million in Series A funding. OpenView Venture Partners led the round. Current backers High Peaks Venture Partners, Contour Venture Partners, Borealis Ventures, NYC Seed, Lerer Ventures and SoftBank Capital contributed. The company debuted commercially in … [Read more...]

Red Herring Announces Finalist for 2014 Top 100 North America


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...]

Kamcord raises $7.1m – Investment Round Up

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Series A MakeSpace, a New York storage company, has gained $8 million in a Series A funding round. Upfront Ventures led the round, while Founders Fund and OATV contributed along with all the startup’s seed backers (Lowercase Capital, Collaborative Fund and High Peaks Venture Partners). Total backing behind MakeSpace comes to $10.1 million. … [Read more...]

Ayla Networks raises $14.5m Series B round – Investment round Up

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Series A LeadiD, which mediates lead transactions, has gained a Series A investment round valued at $7 million. Comcast Ventures, Tribeca Venture Partners, and Genacast Ventures invested. Total backing behind the Ambler, Pennsylvania company now reaches $9.7 million. In 2013, LeadiD increased platform usage and revenues three times over, according … [Read more...]

Blue Apron raises $50m – Investment Round Up

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Series A Baltimore-based security company ZeroFOX has raised $10.7 million in a Series A investment. New Enterprise Associates led the funding, which was joined by Genacast Ventures, Core Capital and individuals from the security industry. The round also counted a $450,000 non-dilutive incentive from the State of Maryland, says a press release. In … [Read more...]

Juno Therapeutics raises $176m – Investment Round Up

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Series A Seattle biotech Juno Therapeutics, which concentrates on delivering immunotherapies to battle cancer, has realized a $176 million Series A round. The company’s original, $120 million funding arrived primarily from ARCH Venture Partners and the Alaska Permanent Fund via a partnership managed by Crestline Investors, says a press release. … [Read more...]