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Just because Samsung is extra-cozy with Oculus doesn't mean that it's putting all its virtual reality eggs in one basket. Samsung Ventures has invested an unspecified amount of cash into Fove, the company whose crowdfunded VR headset adjusts focus based on your gaze. There's no word of an official...

June 25th 2015 at 9:00am 0 Comments
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Now that Apple is launching a streaming music service, Spotify is going door-to-door to drum up backing for its forthcoming war. Of course, it doesn't need moral support as much as cash, and investors must think it's a safe bet, since they've stumped-up $526 million to the company's fighting fund....

June 10th 2015 at 8:01am 0 Comments
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It would have been interesting to see how a Microsoft deal would change Cyanogen. But we'll have to rely on our imaginations, because Redmond has decided not to put money into the company, according to Bloomberg. While Cyanogen is known for creating customized versions of the Android platform, ear...

March 14th 2015 at 3:57pm 0 Comments
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Think you get a lot of value out of Snapchat's disappearing messages, payments and stories? You're not the only one. Bloomberg sources claim that Alibaba, China's online shopping behemoth, plans to invest $200 million into Snapchat on the assumption that it's worth $15 billion. That doesn't even i...

March 12th 2015 at 2:01am 0 Comments
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Lytro -- maker of "shoot now, focus later" cameras -- is diving into the virtual reality and video market, following an investment of $50 million led by GSV Capital. The market shift means Lytro will lay off 25 - 50 of its 130 employees, and at the same time hire new folks with expertise in VR and...

February 25th 2015 at 7:55pm 0 Comments
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Apple and Google aren't the only tech giants exploring the brave new world of self-driving cars. Financial Times tipsters report that Sony has invested roughly $842,000 into ZMP, a Japanese autonomous vehicle startup. While it's a small start, Sony apparently has big plans -- it wants to combine i...

February 16th 2015 at 11:41pm 0 Comments
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Chinese e-commerce company Alibaba invested $10 million into microconsole maker Ouya last month, The Wall Street Journal reported. The two companies have seemingly agreed to bring Ouya's software and game library to Alibaba's set-top box. Ouya announced its Ouya console-less ambitions in March 2014...

January 30th 2015 at 11:30am 0 Comments
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After all the stress that TUG went through with a series of layoffs and funding issues, it almost seemed like too much to hope that Nerd Kingdom would actually secure the investors they were looking for. But good news does come around this time of year. The game has its additional funding secure,...

December 26th 2014 at 11:00am 0 Comments
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Majesco Entertainment completed an investment round that resulted in $6 million in funding, the Cooking Mama publisher announced today. $1 million of the funds were issued to the company with the rest stashed in escrow until certain, as-yet-unknown conditions are met by Majesco. The company also ap...

December 18th 2014 at 10:00pm 0 Comments
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Developer Nerd Kingdom has been fairly quiet since its announcement in September that half of its team was being let go in order to keep development moving on TUG. The good news is that the needed investors might be right around the corner. An update on the game's Kickstarter page notes that the te...

December 3rd 2014 at 9:00pm 0 Comments
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Just days after reports circulated that SoftBank was looking to nab DreamWorks so it could tap into the movie biz, the company is investing elsewhere. Today, the Japanese outfit announced that it's forming a "strategic partnership" with another film studio: Legendary Entertainment. SoftBank is put...

October 2nd 2014 at 12:55pm 0 Comments