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Stories about: funding


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Japan's Rakuten Buys Into Pinterest in Monster $1.5 Billion, €1.18 Billion Round

Pinterest has been growing like crazy, even if it's slowing down a bit. It's like nothing we've seen before, though it will likely be overtaken by some hot new startup in the coming years. In the meantime, Pinterest is the company to watch. It's no surprise then that it's been able to raise ...

17 May 2012
04:53 GMT

Google to Invest in One of YouTube's Most Popular Channels Machinima

Google is slowly changing its role from provider to content creator with YouTube. It hasn't started creating its own shows, just yet, but it has been funding creators for a while now. And now, there is talk of Google investing in Machinima, the company behind one of YouTube's most popular channels, with the...

7 May 2012
08:17 GMT

Report: Japanese Developers Struggle to Make Profit

A report from the University of Gothenburg has used data gathered from the Chief Executive Officers of 74 Japanese gaming companies to paint a rather grim picture of the state of video game development in the country. Remarkably, 48.2 percent of those who offered information have stated that they did not manage to m...

20 February 2012
02:28 GMT

Finishing JWST Will Require Delaying Other Missions

During a conference call on November 1, JWST program manager Rick Howard told a Congressional panel that NASA will have to delay a number of space missions currently scheduled to launch beyond 2015, if the agency is to fly the James Webb Space Telescope in 2018. The organization is very intent on finishing its flag...

8 November 2011
03:37 GMT

After Refusing Steve Jobs' Offer, Dropbox Raises a Massive $250 Million, 180€ Million

Dropbox has announced that it has just landed a massive $250 million, 180€ million in funding from a number of venture capital firms. The money will be used to accelerate the company's next growth stage. The company also announced that it now has 45 million users."The company will use the funds to accelerat...

18 October 2011
11:00 GMT

Nginx Raises $3 Million, 2,2€ Million to Fund Expansion to US, Commercial Version

Nginx, the company behind the lightweight web server with the same name that powers a respectable share of the web, has raised $3 million, EUR2.2 million, in funding from a number of investors. The company had announced plans to expand into some commercial operations earlier this year and will use the funding to achi...

12 October 2011
10:02 GMT

U.S. Offshore Wind Energy Projects Get a $43M Financial Boost from DOE

In a move set to make it one of the world leaders in producing wind power, the U.S. Department of Energy (DOE) announced it has decided to invest no less than $43 million over a period if five years in  41 related projects across 20 states.The money are to be used to speed technical innovations, lower costs, and...

19 September 2011
12:40 GMT

Spotify Now Valued at $1.1 Billion

It has been confirmed that Spotify raised money in a new funding round this summer which valued the company at over $1 billion. Existing investors as well as new ones contributed in a round which raised close to $100 million. Spotify raised $98.15 million, €69 million, in the latest round at a valuation of $1.1 ...

8 August 2011
10:30 GMT

Dropbox to Be Looking to Raise $200 Million, at a Minimum Valuation of $5 Billion

Dropbox is getting some heat these days, with users complaining about the terms of use change, the lack of user-side encryption and the likes. Most users, or investors apparently, don't seem to care about any of this, Dropbox is said to be looking to raise a massive amount of money at a huge valuation of at leas...

13 July 2011
08:01 GMT

DST Said to Be Leading $8 Billion Twitter Founding Round

While plenty of hot internet companies are going public, at generous valuations, Twitter seems to be perfectly happy with being a private company. The minuscule ad revenue it drives may be part of the reason, or the main reason, but that doesn't seem to be putting off potential investors, as the latest fundi...

8 July 2011
07:11 GMT

The Effects of Canceling the James Webb Space Telescope

The 2012 NASA budget bill proposed by the US House Appropriations commerce, justice, science subcommittee calls for the cancellation of the NASA James Webb Space Telescope (JWST), but the scientific community is highlighting just how devastating that would be. Over the past decades, it's undeniable that remarkab...

8 July 2011
03:51 GMT

Rockmelt Raises $30 Million After Announcing Facebook Partnership

Despite the great marketing campaign that preceded its launch, Rockmelt did not succeed into attracting a huge userbase. It did manage to land a partnership with the most popular social network of the moment and it also raised $30 million from investors.From the very beginning, Rockmelt aimed to function as a social...

29 June 2011
16:49 GMT

Spotify Raises $100 Million in $1 Billion Funding Round

Spotify seems to be on a roll lately, not only is it getting very close to launching in the US, thanks to licensing deals with the major record labels, but it has also raised $100 million from several investors at a valuation of about $1 billion.According to All Things D, Spotify has closed its latest funding round w...

17 June 2011
11:42 GMT

Airbnb Said to Be Raising $100 Million at $1 Billion Valuation

Airbnb is said to be very close to closing a massive funding round, valuating the company at $1 billion. That's a huge increase over any previous estimate and a lot more than it was worth during its last funding round.Airbnb managed to spark the interest of some of the hottest venture capital funds, Andreessen H...

31 May 2011
08:41 GMT

Other Departments Could Cover $1 Billion NASA Funding Hole

Last year, the US Congress approved a $18.7 billion spending plan for the American space agency. At this time, that budget is about $1 billion short, and authorities are looking for ways to come up with the cash. Appropriators are currently directing their attention to other US Departments. The Department of Commerce...

30 March 2011
03:14 GMT

Groupon Closes $950 Million Funding Round

Groupon has confirmed its latest round of funding and to say it's huge is an understatement. About the time Facebook is turning heads raising $500 million, Groupon comes with a $950 million round, albeit at a reportedly significantly smaller valuation of $4.75 billion. Right after rejecting Google's rumored...

11 January 2011
04:24 GMT

Facebook to Have Made $2 Billion in 2010, Though It's Now Worth 25X That

Facebook has been generating quite a lot of buzz lately and, for once, it's not about some new feature or some new privacy issue, it's about its latest funding round, which will end up bringing in $2 billion for Facebook, while the company is valued at $50 billion. Those are certainly impressive numbers, bu...

6 January 2011
14:08 GMT

SoundCloud Said to Talking to VCs About Big New Funding Round

SoundCloud has been getting some buzz lately as the music sharing and audio hosting platform became the preferred way many aspiring and established artists shared new tracks with their fans. With its venture into the mobile space, it launched apps for both the iPhone and Android, along with in-browser and in-app reco...

4 January 2011
10:19 GMT

LS9 Can Start the Commercial Production of Green Chemicals and Biofuels

LS9, Inc. announced today that it has received its last round of funding of $30 million, which allows the company to speed up the commercial production of their renewable chemicals and fuels.This is a private industrial biotechnology company that uses synthetic biology in an attempt to develop renewable industrial ch...

21 December 2010
10:19 GMT

Tumblr Confirms $30 Million Funding Round

Tumblr has been getting plenty of attention lately, though not necessarily for the best of reasons. A 24 hour outage left quite a few people without their daily taste of their favorite blogs and raised questions about the company's ability to scale. But there is good news as well, Tumblr just closed a hefty fund...

18 December 2010
06:28 GMT

Facebook's Largest VC Investor Sells Big Stake at a $35 Billion Valuation

Facebook seems unstoppable now and it's valuation is going through the roof. The latest estimates put it at $35 billion to $40 billion, though it's hard to know for sure until the company goes public. Facebook largest VC investor has sold a hefty chunk of its share, making perhaps $500 million in the proces...

20 November 2010
07:05 GMT

Music Sharing Platform SoudCloud Gets 'Significant' Funding

SoundCloud is an interesting startup focused on online music, if only because it seems to be actually successful while not at the mercy of the record companies. The startup is now rumored to be raising some "significant capital" from a number of interested venture capital firms. According to AllThingsD, Index Venture...

15 October 2010
14:03 GMT

Bit.ly Raises $10 Million, Still Growing After Twitter Dropped It

Bit.ly, the largest URL shortener on the web, has announced that it closed a series B round of funding totaling $10 million. The round was led by RRE Ventures and AOL Ventures as well as existing investors contributed. Eric Wiesen, General Partner at RRE, will be joining the bit.ly board."We are excited to announce t...

8 October 2010
06:20 GMT

Online Text Book Rental Site Raises $75 Million in Funding

Chegg, an online college book rental company, has closed another round of funding, getting $75 million from a Hong Kong investment company, Ace Limited. The company has now raised $219 million in total in five rounds of financing.Chegg offers text book rentals online for students looking to save on their college book...

27 September 2010
06:42 GMT

Incidence of Cancer Increasing in Europe

According to a new official statistic, it would appear that the number of cancer cases has increased in Europe over the past decade. However, the same document shows that mortality rates are declining.In other words, treatments healthcare experts apply to their patients appear to be functioning, seeing how less peopl...

13 September 2010
09:42 GMT

Science and Stagnation: A Possibility

I was thinking the other day about the mockery now going on in the United States, as some interest groups are attempting to place a ban on federal funding for stem cells. Then I thought about a trend I noticed in people, and in how they perceive science and technology today. Sadly enough, it would appear that we are ...

11 September 2010
06:41 GMT

AACR Decries Federal Stem Cell Funding Ban

Speaking out against the recent Federal District Court injunction blocking all federal funding for embryonic stem cell research, the American Association for Cancer Research (AACR) reiterates its support for this field of research. The AACR is the oldest and largest cancer research organization in the world today, an...

26 August 2010
03:55 GMT

ESA Funding for Space Technology Gadgets

Two companies that created a communication handset and a computer game that use space technology, are the first to receive funds from ESA's Open Sky Technologies Fund.One of them is a German company that created the TakWak GmbH, a three-in-one communication device that includes a mobile phone, satellite navigati...

23 August 2010
10:24 GMT

Skype Files for IPO Worth $100 Million

Skype, the VoIP company which rather recently became independent, is now filing for an initial public offering (IPO) in the US, hoping to raise $100 million. The IPO registration was filled with the US Securities and Exchange Commission today. Goldman, Sachs & Co, J.P. Morgan and Morgan Stanley will be managing the o...

9 August 2010
10:02 GMT

UCLA Research Infrastructure To Receive Grant Money

Officials at the University of California in Los Angeles (UCLA) announce that they have been recently awarded more than $7.5 million for starting renovations on infrastructure. The goal is to produce so-called “collaboratories,” which are in effect collaborative labs focused on sustainability research. Th...

31 July 2010
03:49 GMT

Google Invests in TV Ad Startup Invidi

Google has been trying to crack the TV ad market for a few years now, to little avail. It’s not giving up, though, if anything, it’s intensifying its efforts. The latest move is an investment in TV ad startup Invidi, which has just closed a funding round valuated at $23 million. Google led the round with ...

5 May 2010
10:38 GMT

Q&A Startup Quora Valuated at $86 Million by Investors

Q&A websites aren't exactly hot right now and the market is pretty well catered to. It's a big market, sure, but there are some great alternatives for most users. So, when a new Q&A site, Quora, (launched just a few months ago and still being in a rather limited private beta) gets $11 million from investors...

29 March 2010
06:17 GMT

A Study of How Foundations Influence Religion

Every single week, millions of people in the United States attend their local church, regardless of denomination. They leave behind a lot of money in donations to their respective faiths, and one would expect that the religion they worship worked for them, in the sense that the contributions went to benefit someone o...

26 March 2010
19:01 GMT

Ontario Government Funds AMD's Fusion Research

Advanced Micro Devices has announced that its Canada branch is receiving a five-year grant of $56.4 million CAD ($52.8M) from the Ontario Ministry of Economic Development and Trade, as part of a Memorandum of Understanding signed by the two parties. In exchange for the grant, AMD Canada will be offering a high number...

11 February 2010
03:25 GMT

Earth's Asteroid Defenses Leave Much to Be Desired

According to a new document released on January 22 by the US National Academy of Sciences (NAS), our planet is still poorly defended in the case of an impending asteroid or meteorite impact. The report suggests that the United States and other countries with important space abilities should do more to safeguard Earth...

23 January 2010
05:06 GMT

Psystar Turns to Fans for Funding

The would-be Mac cloner headquartered in Miami, Florida - Psystar - has again turned to its fans for help. While at first Psystar shifted the responsibility of installing OS X on PCs to its customers, the company is now seeking funding via donations and T-shirt sales, and other kinds of contributions, to continue its...

28 December 2009
05:14 GMT

Twitter Confirms New Investment Round

Several reports came in yesterday claiming the popular microblogging service Twitter was about to receive a massive amount of money in a new round of funding. The transaction has now been confirmed by Twitter's cofounder Biz Stone himself acting as usual as the company's public voice. The sum was speculated...

26 September 2009
05:02 GMT

Twitter Is Worth $1 Billion

Twitter is one of the hottest web properties of the moment, generating a lot of interest from the media and celebrities with a huge number of new users following their lead. But despite the hype, the company is yet to make any revenue, not that it seemed too troubled by that. And if you thought Twitter was taking it ...

25 September 2009
05:58 GMT

Online Retailer Alice.com Raises $4 Million in a Second Round of Funding

Alice.com, an online shopping startup, has raised $4 million in a second round of funding according to a SEC filing. The site was launched earlier this year and it provides an alternative way for consumer packaged goods (CPG) manufacturers to reach their customers directly, having also raised interest thanks to its i...

22 September 2009
06:08 GMT

Mint.com Raises $14 Million in a Third Round of Funding

Some of its cash-strapped users may not be weathering the economic downturn very well but Mint, the personal finance site, is actually doing much better than most companies and has just closed a third round of funding, raising $14 million from a number of venture capital firms. This brings the total funding raised to...

13 August 2009
06:09 GMT

Boxee Raises Another $6 Million in Funding

Open-source media center software maker Boxee just closed a $6 million Series B round of funding, with Boston venture capital firm General Catalyst Partners leading the round followed by Spark Capital and Union Square Ventures, which have already invested in the company. Boxee just got $4 million in its first round i...

12 August 2009
12:10 GMT

Ning Raises $15 Million

Social networking platform Ning has managed to raise another $15 million in funding as part of a quiet round of investments, with the money coming from LightSpeed Venture Partners. The new round valuates the company at the $750 million mark, up from the previous $500 million. The new investment raises the total fundi...

22 July 2009
03:19 GMT

Pandora Secures $35 Million in Funding

It's been a good week for Pandora, the online radio station, with the recent updated licensing agreement between music representatives and online radio stations, which should give them a much better chance for survival. And now, perhaps not coincidently, Pandora has managed to secure another $35 million in fundi...

11 July 2009
04:07 GMT

UK to Set Up £60-Billion Fund for Climate Change

Gordon Brown, the prime minister of the United Kingdom, has recently proposed the creation of a £60-billion help fund, money that is to be distributed among Third-World nations. The aid would help less developed countries deal with the greenhouse gas emissions cuts proposed by the United Nations, while at the s...

26 June 2009
14:01 GMT

Official: Russian Firm DST Buys $200 Million Stake in Facebook

Facebook has confirmed that it will accept the $200 million investment from Russian technology investment company Digital Sky Technologies. The $200 million will give the firm a 1.96 percent stake in Facebook thus valuating the social media company at $10 billion. Contrary to speculation though, the social networking...

27 May 2009
02:31 GMT

What Drives Professors to Award Grants

Professors at some of the world's most prestigious universities are often faced with a very serious problem, in that they have to decide which of the numerous projects they receive from their students each year or semester is worthy of commendation for millions of dollars-worth of financing. A new book, called H...

2 April 2009
09:32 GMT

Canada Funds Tissue Engineering Efforts

The Canada Foundation for Innovation (CFI) is a government-backed independent corporation, created for the purpose of funding advanced biological research throughout the country. It supplies funds to scientists looking for breakthrough in such areas as bone and tissue engineering, orthopedics and cardiovascular healt...

16 December 2008
07:22 GMT

Auctioning New Species Names Brings Funds for Universities

Researchers at the Purdue University (PU) announced recently that they had some 7 new types of bats to find a name for, as well as one pair of Amazonian turtles, which were just recently discovered. They announced that whoever wanted to have the new species named after him or her could apply for the auction, a move t...

9 December 2008
08:56 GMT

Activists Persuade Banks Not to Fund the Coal Industry

After Bush and the EPA made the coal mining industry a going-away present, in the bill that allowed it to dump debris from its mountaintop exploitations – in other words, the sites where they blew the top of mountains and picked the coal that came out – activists from several environmental groups managed ...

9 December 2008
05:54 GMT

EU Is the Next Hesitant Competitor for the Space Race

Although the space ambitions of the EU members are quite high, granting them the necessary funds still comes as a problem, since many of the EU states decided having more important issues to spend their money on.There is growing concern related to the fact that many of the EU member states still prove to be quite rel...

29 September 2008
03:47 GMT


More: next 50 >>

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