Yahoo! Inc is acquiring US-based shopping-service Polyvore, to improve online fashion content and boost shopping-related advertising. The transaction is subject to customary closing conditions, the companies said. Yahoo! chief executive Marissa Mayer is pushing to add more news, entertainment and shopping information to the web portal, to draw a bigger audience and sell advertising.
SimpliVity IPO by end-2016
SimpliVity Corp, a six-year-old start-up that helps companies manage their hardware, is planning to go public by the end of 2016, said chief executive Doron Kempel. The company, selling software for two years, has increased its customer base to about 550 this year. Valued at $1 billion in its latest funding round, the Westborough, Massachusetts-based company could have Morgan Stanley as an underwriter.
Beer e-tailer raises $80 mn
Online store Jiuxian, China's top wine and beer e-commerce start-up, has secured $80 million in a Series-G funding. It has raised a total of $225 million in total funding since its Series-A in 2011.
Clearpath to build Valley office
Clearpath Robotics, a Kitchener, Canada-based start-up which specialises in the design and manufacture of unmanned vehicle systems, software, and components for academic, industrial and military research and development, has appointed Mike Hanuschik its new chief product officer. Prior to joining Clearpath, he worked with Intuitive Surgical where he led the design and product management of the da Vinci Surgical System. In addition to his new role, Hanuschik will establish Clearpath's Silicon Valley product design office.
GoButler raises $8 million
GoButler, a Berlin-headquartered start-up, has raised $8 million in a Series-A round of funding. The round was led by General Catalyst Partners, with participation from Lakestar, Slow Ventures, BoxGroup, Ashton Kutcher and Guy Oseary's Sound Ventures, and Cherry Ventures. General Catalyst's Joel Cutler is now on the board.
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