Pax Lab Heats Up With $46.7 Million in Series C Funding To Expand and Introduce New Product Lines
Botanical vaporizer manufacturer Pax Labs, recently rounded up funding worth $46.7 million in Series C financing from investors such as Tao Capital, Sand Hill Angels, Fidelity Management & Research Company and Sivia Capital. The funding will be used for international expansion and the manufacturing of new product lines.
Jun 15, 2015 2:04 AM EDT
Foxconn to build Apple iPhone plant in India
In the near future, iPhones as well as iPods and iPads may be manufactured in India. The main manufacturing partner of Apple Inc, Foxconn Technology is said to be in talks with the Indian government in order to build its manufacturing units in western Indian state of Maharashtra.
Virgin Group might be buying Spain’s Yoigo; Richard Branson did it again- Best Boss Ever?
Virgin founder Richard Branson is rumored to buy Spain's Yoigo from Swedish company Telia Sonera. However the Swedish firm has not given official statements regarding selling Yoigo.
Europol reveals arrest of 49 cyber criminals
Dozens of suspected cyber crime offenders were arrested by the Europol police after a series of investigations were conducted by law enforcement officers from UK and Belgium respectively.
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Box raises full-year forecast as more customers sign up for cloud storage
Box Inc ( Box.N), the cloud storage provider raised its full-year forecast. Share value of the company increased by 8.7 per cent in the extended trading on Wednesday.
Jun 13, 2015 9:48 AM EDT
Twitter CEO Dick Costolo leaves, turns over leadership to Jack Dorsey amid shareholders complaints of slow company growth
Twitter CEO Richard Costolo will be stepping down in July amid complaints of slow user and advertising growth. Board Chairman and former CEO Jack Dorsey steps in as interim CEO while a committee searches for a permanent company head.
Jun 13, 2015 9:36 AM EDT
Line to make best of untapped streaming music market in Japan
Line, a popular messaging app operator, has launched its music streaming service- 'Line Music' in Japan making a headstart in virtually untapped market of mobile music business.
Jun 13, 2015 9:29 AM EDT
Apple HealthKit Update: Now Featuring Period Tracking and Sexual Activity, Which Experts Claim are Useless
Apple added a new feature in their HealthKit platform, which will be added in the new iOS 9. The app will now include features that can keep track of women's sexual activities and menstrual cycle. This is in response to the criticism that Apple has disregarded women's health issues for a long time.
Jun 13, 2015 7:12 AM EDT
Qualcomm Greater China former president Frank Meng returns amid troubled market; former head Wang Xiang moves to Xiaomi
Former Qualcomm China president Frank Meng is returning to head the company operations of the troubled U.S. chipmaker. Former head Wang Xiang exits to join smartphone maker Xiaomi.
Jun 13, 2015 6:54 AM EDT
Roomi Lands $2 Million To Pair You With The Perfect Roommate, Funds to be used for Expansion of Operations, Additional Features
Roomi is a free mobile app that makes searching for roommates and housing in New York easier and faster. They recently launched the app June 9 with a seed fund of $2 million led by DCM ventures.
Jun 13, 2015 3:10 AM EDT
Apple Music faces antitrust investigations in New York, Connecticut
While Apple Inc was busy unveiling is online music service, Attorneys general of New York and Connnecticut were quietly investigating whether the deals brokered between Apple and music labels had violated antitrust laws.
Jun 12, 2015 10:13 AM EDT
Oculus VR unveils consumer version of Oculus Rift headset
Oculus on Thursday unveiled its virtual reality headset, Rift, at a press event in San Francisco. The Rift which is said to bring about a vast change in how you play your games today, will be shipped with wireless Xbox One controller. The Oculus Rift will be available to consumer by first quarter of 2016.
Jun 12, 2015 9:51 AM EDT
Spotify Raises $526 Million in Face Off with Apple
To counter Apple Inc's new Apple Music subscription service, Spotify, the current leader in the music-streaming business organised a new round of funding from investors on Tuesday. Spotify market value rose to $8.53 billion after collecting $526 million from the latest round of funding from a wide range of global investors
Jun 12, 2015 9:21 AM EDT
BMW's new 7 Series is the luxury car of the future, here today
German automaker BMW on Wednesday unveiled its latest version of its 7 Series at its global headquarters in Munich. The BMW 7 Series is top of the line luxury sedan and it is a status symbol, especially in European countries.
Jun 12, 2015 9:04 AM EDT
Brit+Co is first beneficiary of Intel Capital's $125 million diversity fund
Brit+Co confirmed the company raised $20 million from Intel Capital, and as its first acquisition brought user-generated DIY app Snapguide to add more media to its platform.
Jun 12, 2015 8:43 AM EDT
Intel Capital allocates $125 million to fund firms with women and minorities in top roles
Intel Capital, the venture capital arm of the global chip maker- Intel Corp., on Tuesday announced to allocate $125 million fund to back companies with women and minorities in leadership roles. This comes after its pledge in January to spend $300 million over the next five years to promote diversity in the company.
Jun 12, 2015 8:34 AM EDT
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