Software

Social Tables secures $8m funding round – Investment Round Up

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Seed funding Two Tap, an in-app e-commerce platform, has raised $2.7 million in seed funding. Digital Garage, Green Visor Capital, Initialized Capital, Khosla Ventures, SV Angel and Transmedia Capital all took part in the round. The company, founded in 2013, will use the new funds for product development, marketing and recruiting.  “Consumers want … [Read more...]

Doctor on Demand raises $21m – Investment Round Up

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Series A Doctor on Demand, a virtual doctor service, has raised $21 million in a Series A round led by Venrock. Shasta Ventures and angel investor Sir Richard Branson also participated. The company, which allows doctors to conduct video visits with their patients, will use the new funds for growth and hiring new staff. Doctor on Demand also … [Read more...]

Vectra Networks secures $25m – Investment Round Up

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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 Theo Vassilakis is a former Microsoft software developer and Google Engineering Director. Series B Mobile enterprise security … [Read more...]

Scytl raises additional $44m – Investment Round Up

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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 funding, which Haha Pinche will use to recruit more users and build outs its technology. The company’s mobile app allows users to schedule rides and make payments to … [Read more...]

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

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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 retail credit cards for customers such as Amazon, J.C. Penny and Wal-Mart. The company raised $2.88 billion, selling 125 million shares at … [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...]

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...]