Duncan Riley
Latest from Duncan Riley
Cloud communications company Twilio Inc. is preparing itself for an initial public offering (IPO,) although is in no rush according to a report published Friday. The news comes as the company reported revenue in excess of $100 million for 2014, and is …
Machinima raises $42 million Series E in round led by Warner Bros.
Machinima Inc. has taken $42 million Series E in a round led by Warner Bros. that included existing investors Redpoint Ventures, MK Capital and Coffin Capital. Founded in 2000, Machinima offers a range of programs to a community passionate about video games, animation, movies, …
Buzzfeed acquires animated gif app maker GoPop
Buzzfeed Inc. has acquired animated gif app maker GoPop (Zeega Inc.) for an undisclosed price. Based in San Francisco, GoPop offered an iOS app that allowed users to blend multiple images into an animated gif, or what they called “a Pop.” In …
NSA & GCHQ hacked world’s largest SIM card maker, acquired encryption keys
New documents released by fugitive whistleblower Edward Snowden have revealed how the NSA and U.K. security agency GCHQ hacked into the computers of SIM card manufacturer Gemalto, acquiring encryption keys that would allow them to intercept communications from users around the world. Gamalto …
Text only social network Boldomatic raises seed round of $700,000
Swiss social sharing site Boldomatic has closed a $700,000 seed round from a number of European angels and investors. The company, which pitches itself as a “content-creation platform and community… determined to conquer the world of words in social media” offers, as their …
Reddit books $8.3m in ad revenue for 2014, donating 10% to charities voted for by users
Reddit Inc. is giving back to the community after it pledged Wednesday to donate 10 percent of its ad earnings from 2014 to charity. Reddit reported advertising revenue of $8,276,594.93 for the year ending December 31st, meaning it will donate $827,659.49 to ten charities. …
Samsung acquires Apple Pay competitor LoopPay
Samsung Electronics Co. Ltd. has acquired mobile wallet solutions provider LoopPay Inc. for an undisclosed price. Founded in 2013, LoopPay offers a mobile payments solution that turns existing magnetic stripe readers into secure, contactless receivers, and works with approximately 90 percent of existing …
Sony to spin off video and audio units including mobile phones
It may be the end of an era for Japanese electronics firm Sony Corp. with the company saying it would spin off its loss making video and audio units. The news came Wednesday from Sony CEO Kazuo Hirai, who said the company would no …
Bitcoin exchange CAVIRTEX shutting down after being hacked
Canadian Bitcoin exchange CAVIRTEX (161243 Alberta Inc.) has announced it is shutting down after being hacked. The company didn’t come out and admit to being hacked however, but instead said in a statement on its site that “on February 15, 2015 we …
Blog aggregator Notey raises $1.6 million. Also what year is this?
Blog aggregator Notey has raised a $1.6 million seed round from individual investors Steve Kirsch (Founder of Infoseek, OneID and CoinTrust), Hugo Barra (VP International, Xiaomi) and Ryan Holmes (CEO and Founder of Hootsuite). Based in Hong Kong, Notey aims to deliver “a …