Why Apple believes keeping billions in cash overseas is fair, and why Congress largely disagrees

"I am not an unfair person," Apple CEO Tim Cook told lawmakers yesterday. "Apple is not an unfair company."

Fashion & beauty startup Zalora scores $100M investment to grow in Southeast Asia

It is indeed an honor when a year-old startup with two or three million dollars in annualized revenue scores a $100 million investment. An unusual honor, as well. But there's method behind the madness.

OpenStack-powered cloud startup Cloudscaling scores $10M from Trinity, Juniper, & Seagate

Elastic cloud infrastructure startup Cloudscaling has raised $10 million in its second round of funding so it can keep growing at a quick clip and innovating its cloud technology.

Video robotics company Swivl raises $500K

Swivl is a sort of Roomba for Facetime. It swivels (hence the name) to track a speaker and capture video without the need for a dedicated cameraman. It's especially useful in modern, video-enabled classrooms for online education.

Ireland: We’re no tax haven … but … yes, Apple did pay 2% tax

The head of the Irish agency designed to promote foreign investment in the country strongly denied that Ireland is a tax haven. But when questioned by Ireland's RTE News, he could not deny that Apple has paid an effective tax rate of just two percent, much as Senator Carl Levin said yesterday in hearings on Capitol Hill.

Funding Daily: Silicon Valley Is Burning

We saw huge deal volume today on the Peninsula; the numbers these companies posted were pretty sickening, too. No tea, no shade, but if the New York/Austin/L.A./Boulder scenes want to keep up, they. Bettah. Werk.

Founders: Bid for pitch slots with Tim Draper, Kleiner Perkins, Khosla Ventures, and more VCs

How much would you donate to charity to have a private pitch meeting with your favorite venture capitalist?

Change.org scores $15M from Omidyar Network to grow the world’s largest petition service (updated)

Popular social petition service Change.org has raised $15 million in new funding -- cash that will help it further build up the "world's largest petition platform."

Performance management biz Adaptive Planning nets $45M from BVP & others

Leading corporate performance management (CPM) company Adaptive Planning has raised a massive $45 million in its fourth and final round of funding with a goal to further dominate the CPM space.

AVG buys web privacy firm PrivacyChoice & its smart Privacyfix dashboard

Web security firm AVG has already demonstrated its dedication to user privacy by adding Do Not Track to its software. Now it's doubling down on that by buying privacy firm PrivacyChoice.

Need a second opinion? ConsultingMD’s ‘network of medical experts’ can help

ConsultingMD offers patients the opportunity to consult a leading medical expert for a second opinion -- and receive a detailed response in about 48 hours.

HasOffers scores $9.4M first round led by Accel Partners

HasOffers, a Seattle-based provider of mobile advertising-tracking services, has raised a $9.4 million Series A led by Accel Partners.

Attention digital health startups: VCs say now is a ‘great’ time to raise money

Partners at Sequoia, Norwest Venture Partners, Bessemer Venture Partners, and Kleiner Perkins Caufield and Byers discuss health industry trends and what they look for in potential investments.

Sensopia closes $1.2M funding round for ‘embeddable reality’ software

Sensopia raises $1.2 million in funding to improve reality augmenting app MagicPlan and released a development kit to make it embeddable in other applications.