Taking all of Apple’s devices into account, including the iPhone, iPad, and iPod Touch, Apple has 16.2 percent of the market, versus Android’s 10.2 percent.
CrowdOptic, a mobile app that that allows smartphone owners to tag, track, and get information on a moving object using only their phone, has raised $1 million in a Series A round led by co-founder and CEO Jon Fisher, with help from several angel investors and an institution that is also a customer.
Digital Signal Corporation (DSC), provider of three dimensional (3D) long-range facial recognition solutions, secured a $15 million Series C led by Columbia Capital.
Hoping to drive even more interest in advertising on the site, Facebook has launched Facebook Studio, an open space for anyone in the marketing community to share creative ideas with their colleagues and others.
Detroit, with the Valley-inspired moniker Silicon Garage, is on the verge of experiencing its own tech renaissance.
Zynga acquired the talent behind JamLegend, a two million user-strong music gaming community now shutting down.
eBooks company Kobo closed a $50 million round of funding by an undisclosed “leading institutional investor.” Existing investors also participated in the round.
Lijit Networks, Inc., a provider of custom site search, reader engagement tools, and advertising solutions for online publishers, closed $10 million in financing. This round of financing is led by new investor Highway 12 Ventures and includes existing investors Foundry Group, Boulder Ventures and Colorado Fund I, managed by High Country Venture.
Scanbuy, provider of mobile barcode solutions, raised an additional $5 million to complete its latest round of funding. Investors for the round include Motorola Solutions Venture Capital, Hudson Ventures and a number of existing private investors.
Today’s featured entrepreneur is David Barrett, founder and CEO of Expensify.
Reporting first quarter financial results, Yahoo’s net profit decreased 28 percent compared to a year ago to $223 million dollars and revenue declined 24 percent to $1.2 billion.
