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The purchase price for the two-year-old startup was around $30 million, the person said.
Australia must take affirmative action to invest and support technology and innovation for the sake of its economic future and global competitiveness.
Reddit's Ellen Pao, left, head of business strategy for the Web-based community message board, and Jena Donlin pose in front of a wall of postcards sent in by users at the company's offices in San Francisco.
According to highly-placed sources in the know, the initiative is being driven by Chief Strategy Officer Rishad Premji, also the elder son of Wipro chairman Azim Premji.
Pete Thomas, left, and Krish Panu last week announced the first three investments from their new firm, PointGuard Ventures.
That's according to observations made by one of North Carolina's chief entrepreneurial gurus, Ted Zoller , director of the Center for Entrepreneurial Studies at the University of North Carolina at Chapel Hill .
CoreOS announced its first stable release late last week on SysAdmin day. It means that a tested, secure and reliable version of its operating system for web-scale data center infrastructure is now available for users who want to run production workloads on it.
Seattlea Online real estate player Zillow gets a lot more ubiquitous with its $3.5 billion purchase of rival Trulia .
JPMorgan found the perfect suitor for a big book of loans it had made around the world but wanted to get rid of: Bain Capital .
Iconic Silicon Valley accelerator Y Combinator is the latest major tech player to disclose internal stats about how it's doing on diversity, revealing that it funds startups with women on the founding team at a lower percentage than those startups' application rates.
Reddit , the social news site which bills itself as "the front page of the internet ", is to redouble its efforts on advertising as part of a drive to make the most of its 114 million monthly users.
Thinknum , a financial tech startup that develops tools for analysts, announced today that it has raised $1 million in seed funding led by Pejman Mar Ventures , with participation from Signatures Capital; Green Visor Capital; 500 Startups; 645 Angels; and HKB Capital.
Brook Byers of venture capital firm Kleiner Perkins Caufield & Byers is part of the 18-member University of California Innovation Council that will put meat on the bones of a new UC policy that allows direct investment in companies.
CNRY Inc., better known as Birdi , raised $700,000 in new seed funding to build a better smoke alarm, Venture Capital Dispatch has learned.
A world with less pollution and no traffic jams, where taxis are cheap and safe and you never have to wait for a pickup: It's a rosy vision Uber is peddling, and venture capitalists, those professional optimists, are fully on board.
Emulate, Inc. today announced the company's launch with a $12 million Series A financing to commercialize a first-in-kind, automated 'Organs-on-Chips' platform that mimics human physiology and diseases, while permitting real-time elucidation of molecular mechanisms of action and toxicity.
Fintech deal activity by the world's biggest venture capital firms has grown 61% from 2010 to 2013, according to data from CB Insights.
Updated: Tue Jul 29, 2014 01:52 am
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