Internet

VKontakte CEO Durov departs company

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Pavel Durov, the 29-year-old founder of VKontakte, Russia's biggest social network, has finally left the company less than a month after pretending to resign as part of an apparent April Fool’s joke. That fake resignation came back to haunt Durov, as VK shareholders forced him out of the company based on a technicality brought about by the events … [Read more...]

Weebly raises $35m – Investment Round Up

Series A San Mateo marketing and analytics company Piqora has gained $7.7 million in a Series A investment round. DFJ led the funding, which saw contributions from Freestyle Capital, Lazerow Ventures, Baseline Ventures, Altos Ventures, and Firebolt Ventures. Total backing behind the company now exceeds $11 million. Piqora has also revealed the … [Read more...]

APX Labs secures $10m funding round – Investment Round Up

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Series A APX Labs, the company behind smart glasses enterprise software platform Skylight, has raised $10 million in a Series A round and revealed Skylight 2.0 is now generally available. New Enterprise Associates led the funding. Total backing behind the Herndon, VA-based company now comes to $15.8 million. Series B Principia Biopharma Inc. has … [Read more...]

Airbnb raises $450m mega round – Investment Round Up

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Series A China’s Baoku, which delivers travel and expense management services, has raised $10 million in Series A funding, say reports. China Broadband Capital and Asiainfo-Linkage provided the investment. The company confirmed the news via Weibo. Series B New York-based Birchbox, which delivers consumers beauty, grooming and lifestyle items, … [Read more...]

Heartbleed an ‘existential threat to Internet’ – experts

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Over a week since the Heartbleed bug was revealed to the world millions of web users are still at risk of serious identity thefts. This week it was announced that up to 50 million Android smartphones were vulnerable, while Heartbleed-enabled hacks hit U.K. parenting site Mumsnet, and the Canadian tax authority. Heartbleed is a loophole in the … [Read more...]

Dropbox makes two acquisitions – Investment Round Up

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Series A According to TechCrunch, San Mateo-based marketing performance management company Beckon has secured $8 million in a Series A round. August Capital and Canaan Partners invested. The company confirmed in a blog post that it had gained $10 million in total funding so far. El Dorado Ventures is also listed as an investor in Beckon on its … [Read more...]

Campaign Monitor secures $250m – Investment Round Up

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Series A Sammamish, Washington-based OwnZones Media Network has gained $5.9 million in a Series A investment round. OwnZones leverages content aggregation and works with companies such as Reuters and The Guardian. The company debuted this past November. Dublin biotech Heart Metabolics Limited has realized a $20 million Series A investment. Seroba … [Read more...]

Squarespace raises $40m – Investment Round Up

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Series A KeyMe, which helps people keep, distribute and copy real keys via digital technology, has gained $7.8 million in a Series A funding round. White Star Capital, Battery Ventures, Ravin Gandhi and 7-Ventures LLC were among the investors. The locksmith industry stands at $5 billion per year, according to a press release. Alviso, CA-based … [Read more...]

Turkey’s hackers to continue disruption despite lifting of Twitter ban

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Turkey's hacking community will continue its quest of online disruption despite the country's constitutional court lifting a controversial ban on Twitter. The embargo was deemed unlawful on April 3 but a block on video-sharing site YouTube remains. RedHack, an Anonymous-affiliated group, tells Red Herring that its online protest will continue to … [Read more...]

Zebra to acquire Motorola Enterprise business – Investment Round Up

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Series A Gene-therapy startup AAVLife has raised $12 million in a Series A funding round led by Versant Ventures. Inserm Transfert Initiative contributed to the investment. The Paris-based company concentrates on rare diseases. Car buying and selling company Beepi has gained $5 million in its second round of funding, its Series A. Jeff Brody of … [Read more...]