Funding Daily: Hakuna Matata

Life in the tech scene is a lot like life on the Africa savanna. Read more to find out which 15 companies drank from investor watering holes today.

Sharp reports largest-ever loss of $4.67 billion

Citing low sales from its flat-panel TV business, Sharp announced a loss of $4.7 billion during the 2011 fiscal year – the largest net loss in the company’s history.