funding

Pinterest shooting for $2.5 billion valuation, report says

Pinterest is said to be actively exploring a new funding round that would value the nearly 3-year-old service at between $2 billion and $2.5 billion.

The San Francisco-based startup is in ongoing talks to raise money at the steep valuation, according to a report from The Wall Street Journal. The Journal didn't the name the investors involved or the amount of the proposed deal. Pinterest declined to comment on its funding plans.

Launched in 2010, Pinterest offers people a digital and mobile way to collect items, called "pins," while browsing, and save them to boards. The … Read more

Samsung launches new $100M fund for cloud, mobile

MENLO PARK, Calif.--Samsung Electronics today launched a new $100 million investment fund to boost its U.S. footprint and spur innovation in areas such as cloud computing and mobile privacy.

The Korean electronics giant, which hosted a press event today here, said the Samsung Catalyst Fund will center on funding early stage companies focused on components and subsystems. Its $1 billion American Ventures America Fund will also be used to help further target areas like mobility, the cloud, and the Internet of Things.

"Much of our innovation in the past was done in Korea, because that's where … Read more

Nest raises $80 million for thermostat business -- report

Nest, the next-generation thermostat company focused on saving energy, has closed a major round of funding, according to a new report.

Nest has raised $80 million on a valuation of $800 million, GigaOm is reporting today, citing people who claim to have knowledge of the deal. Google Ventures led the funding round. Venrock, another venture-capital firm, also participated in the round, according to GigaOm.

The Nest Learning Thermostat has proven to be a huge hit. In October, CNET Reviews Editor-in-Chief Lindsey Turrentine reviewed the Nest and gave it a full five stars out of five, or "spectacular," rating. … Read more

Reddit reportedly seeks investors with influence

With Reddit users flocking to the site more than ever, now seems like the perfect time for the company to go searching for investors. Which is exactly what it's doing, but it's not cash that Reddit is after.

According to AllThingsD, the company is seeking certain elite investors that could help with company input -- rather than just fork over a wad of dough. A recent article by TechCrunch noted that the company's valuation has jumped to $400 million, but, according to AllThingsD, Reddit is actually only after around $1 million.

When Reddit was spun out in 2011 … Read more

Leap Motion motion control tech to be bundled with Asus PCs

Leap Motion, which created an innovative gesture control technology that measures users' movements to an accuracy of a hundredth of a millimeter, has struck a deal to bundle its Leap device and app store with a series of Asus computers.

According to Michael Buckwald, CEO of the San Francisco startup, the Asus deal -- under which the computer giant will package the Leap device with high-end laptops and premium all-in-one PCs, and pre-install the Leap app store on those computers -- is just the first partnership of its kind. Similar deals with other computer makers, or even smartphone manufacturers, are … Read more

Startups jump the shark (and get their own TV show!)

In April, Facebook said it would buy the young but fast-growing, photo-sharing service Instagram for a jaw-dropping $1 billion. By early December, consumer and entertainment startups were complaining they were having a hard time finding early-stage funding. So what happened? It would be easy to blame Bravo's nausea-inducing reality TV show for the reversal of startup fortunes, but the reality is something a little less Hollywood: Lack of good ideas, economic fears, and poor returns from many of the startups that have already been funded.

In other words, an investment cycle obsessively focused on consumer-tech startups may have finally … Read more

Quantum computing goes mainstream? New VC fund debuts

Quantum computing tends to sounds like something out of a science fiction novel or at least The Big Bang Theory. But a new venture capital fund, launching today, is trying to take it mainstream.

The Quantum Wave Fund, which will set up shop in Boston, plans to invest solely in early stage, private companies working on breakthroughs in quantum technology. It won't be providing funding for early research but instead will seek out companies who already have viable and promising products related to quantum computing.

"Too many people take quantum computing as hypothetical," Serguei Kouzmine, managing partner … Read more

Plaintiffs named in suit over Facebook's troubled IPO

A U.S. judge has named the lead plaintiffs in the dozens of class-action lawsuits brought against Facebook over its bungled initial public offering, according to Reuters.

District Judge Robert Sweet has been assigned 42 cases against the social network, which he consolidated in October. Today he picked a handful of plaintiffs to head the suits. The lead plaintiffs include several state pension funds, such as the North Carolina Retirement Systems, Arkansas Teacher Retirement System, the Fresno County Employees' Retirement Association, and Banyan Capital Master Fund. Collectively, this group claims a combined loss of $7.1 million.

"Its members … Read more

Indiegogo moves crowdfunding business beyond USA

PARIS -- Indiegogo, a site that lets people fund projects and companies in exchange for assorted products and perks, is expanding internationally.

Co-founder Danae Ringelmann announced today at the LeWeb conference here that the company today started accepting payments in euros, British pounds, and Canadian dollars, not just U.S. dollars, and has versions of the Web site in German and French.

"Thirty percent of our business is outside U.S., but it's all been in English in U.S. dollars," Ringelmann said. Internationalization of the business will make Indiegogo work more easily elsewhere. "If you'… Read more