Fab.com, formerly Fabulis, a social network targeted at gay men, has raised $1.75 million in series a funding. Investors in this round include First Round Capital, The Washington Post Company, Baroda Ventures and Zelkova Ventures.
Dell announced that it plans to buy Compellent. Compellent is a provider of storage solutions and automated data management tools for cloud environments. The purchase price will be $27.75 per share, or a total purchase price of about $820 million.
iYogi, the world's largest independent remote consumer tech support company, announced Monday it raised a $30 million round of funding. The round was led by Sequoia Capital India. Other investors included Canaan, SVB Capital Partners, SAP Ventures and Draper Fisher Jurvetson.
CityVille has reached over 22 million monthly active users. This is only eleven days after the launch of the game. To give you some perspective, if CityVille were an actual city, it would be the second largest in the world at this point.
ComScore has reported that the seasonal e-commerce retail spending for the first 40 days of the November – December 2010 holiday season has totaled more than $21.95 billion. These numbers represent a 12% increase when compared to the same period last year.
Openleaks, a direct competitor to WikiLeaks, is launching Monday. The new site is being founded by WikiLeaks alumni.
Groupon is partnering with ChicagoShopping.com in hopes of expanding the reach of its daily deals in the Chicago area.
Gawker Media sites users had their passwords compromised over the weekend. The hack was carried out by a group called Gnosis, and effected sites such as Gawker.com and Gizmodo.
Dave McClure, founder of 500 Startups, turns the classical Silicon Valley approach on its head. The venture capitalist tells our own Bambi Francisco that he's more interested in investing in startups with realistic expectations than startups with high-risk, low-probability homeruns.