Funding & Acquisitions

Funding & Acquisitions

In an interesting move Quora is joining YC. YC invested an amount that was similar to their standard $120k as part of the Tiger round which values the company as $900M, so the startup only traded away approximately 0.013%. Quora hopes to grow by participating in the round. Link

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A decade old European ad company Adform is raising $5.5M in Series B funding. It sells its technology to both advertisers and publishers, with products including a demand side platform for ad-buying from multiple sources. Will use funds to expand in the US. Link

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Intel has purchased selected assets, and hired talent, from Ginger Siftware in the area of natural language processing tools and apps. Apparently paid up to $30M. Ginger Software will continue to operate as an independent biz focusing on intelligent grammar and spell checking software. Link

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Apple is reported considering acquiring Beat Electronics, the company behind the Beats Music streaming service and a line of headphones for whooping $3.2B. Link

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Bangalore based 2mpower Health Management Services that provides fitness tracking device GetActive has raised undisclosed amount of funding from Chairman of Manipal Global Education Services TV Mohandas Pai, and ex Infosys CTO Sharad Hegde. Will use funds to provide holistic disease management solutions and expand applications in retail and financial services. Claims it has over 10k customers. Link

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