San Francisco - Ending several days of drama, AOL on Monday said it officially has parted ways with Michael Arrington, founder of the popular TechCrunch technology blog. The company said in a statement that Arrington "has decided to move on from TechCrunch and AOL to his newly formed venture fund." The company also reiterated that it still plans to invest in his fund, known as the CrunchFund.

Intel Corp.'s investment arm Intel Capital today announced seven companies that have received a total of $24 million to encourage their continued innovation in bringing the benefits of cloud computing to a wide variety of different enterprises, including two in games. Listed alphabetically, they are DynamicOps, enLighted, Gaikai, Guavus, IP Commerce, Revolution Analytics and Swrve New Media. Intel declined to specify how the funds were allocated.

GlobalLogic, a provider of software research and development services with U.S. headquarters in San Jose, has raised $10.4 million in a new round of equity funding, according to a filing with the Securities and Exchange Commission (SEC). Thirty-nine unnamed investors took part in the round. GlobalLogic is primarily backed by Sequoia Capital, New Enterprise Associates (NEA), Goldman Sachs and Draper/New Atlantic Ventures.

Canvas, an online community for sharing, remixing and otherwise interacting with images, is now open to the public. This new endeavor is a friendlier and tidier site than founder Christopher Poole’s early creation 4chan, evidence of the $3.6 million investment Canvas has raised.

Google Ventures, the investment arm of Mountain View-based Google, said it has invested in Los Angeles-based Echoecho, developer of a location-based mobile app for finding friends. The investment was part of a $750,000 seed round that also included participation from U.K.-based venture firm PROfounders Capital.

MakerBot Industries, the company dedicated to the mainstreaming of 3D printing, has launched its own online series called MakerBot TV. It’s an entertaining use of last month's $10 million funding round led by Foundry Group.

Daily deals site Groupon, which has local backing from Chevy Chase-based New Enterprise Associates (NEA) and Ted Leonsis, the owner of the Washington Capitals and Wizards, is re-examining the timing of its planned initial public offering (IPO) in the face of ongoing market volatility, The Wall Street Journal reported.

Mayfield Fund today announced the addition of Tim Chang as managing director, who it lured away from Norwest Venture Partners. In his new position, Chang will focus on the mobile, gaming and digital media sectors, as well as co-lead Mayfield’s investment practice in China.