Apple is kicking tail.
Indigo Systems announced Tuesday that it has received $17.6 million in a first round of funding from the Carlyle Group, Founders Capital Partners, Lago Ventures and WK Technology Fund. As a result of the deal, the Carlyle Group and Founders Capital will each occupy a seat on Indigo's board of directors. The Santa Barbara, Calif.-based company makes heat-sensing infrared cameras for commercial, industrial and military uses. Indigo will use the funding for the second stage of its strategy, which is to produce products at commercially viable prices for global markets. The company has completed its initial strategy with seed funding raised from Northrop Grumman in 2000 and has built a manufacturing plant.
Be Free, a behind-the-scenes technology provider for online retailers, has entered into a $17.6 million financing agreement with Charles River Ventures, Comdisco Ventures, and Matrix Partners. The company said it will use the money to expand its sales and marketing, client services, and technology-development operations. Separately, Be Free named Gordon Hoffstein, former chairman and CEO of PCs Compleat, a direct PC reseller, its president and chief executive.
German automaker orders its US dealerships to halt sales of affected cars, says that 11 million vehicles are impacted globally.
Apple's iPhone 6 lineup continues to challenge Samsung's Galaxy S6 phones, according to research firm Gartner.
Barnes & Noble will acquire all of Microsoft's stake in Nook Media for $62.4 million in cash and 2.7 million shares of B&N stock.
For Black Friday, Walmart will discount select Neeto robot vacuums, Dyson uprights, and Ninja personal blenders.
The infamous potato-salad project just wrapped up a stunning run. Kickstarter breaks down the numbers on how the campaign came to rule the crowdfunding world.
The Xbox One is set to debut in China this September after the country's decision to remove a 13 year ban on gaming consoles.
The Swell podcast-streaming app, which learns what you like and don't like, reportedly will be shut down as part of the $30 million deal.