While the rumor mill is heating up again with news that streaming music service Spotify is raising another round of funding, we're hearing new information about where the money is coming from.
Editor's Pick
When Facebook decided to open-source the hardware that makes its data centers some of the most energy-efficient and innovative in the tech industry, others tech giants were eager to join in and open-source their Internet hardware as well. But not …
[Editor's note: Updated with quotes from Xoom's chief executive John Kunze.]
Money transfer company Xoom received a $25 million round of funding today, according to a Form D filed with the SEC. The round comes from existing investors, including Sequoia …
FirstRain announced a $6.4 million round today, its fifth from Oak Investment Partners.
FirstRain is an example of a dot-com era company that sought out a new focus with the hope of becoming profitable. Penny Herscher (pictured left) became the …
