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Cisco Eliminates 6,500 Jobs, Sells Set-Top Box Facility

Cisco formally announced it will be laying off over 4,000 employees, for a total worldwide workforce reduction of 6,500 jobs following the voluntary early...

MoboTap Raises $10 Million for Dolphin Mobile Browser

MoboTap, the developer behind the Dolphin Browser for mobile devices, today announced it will receive $10 million in funding. The Series A round was...

Philips Plans $700 Million Cost Cuts After Poor Q2 Results

Netherlands — Royal Philips Electronics NV announced an unexpected $1.8 billion net loss for their second quarter Monday, the first financial report since transferring...

SupportSpace Raises Additional $12 Million For Remote Technical Support Services

San Francisco, Calif. — SupportSpace, a company that connects businesses with a number of independent software and technology consultants, announced their acquisition of an...

Groupon Files Revised IPO, Now Less Sunny

Groupon Inc. chairman Eric Lefkofsky was reminded about pre-floatation rules when his enthusiastic comments about the daily deals company became an element in Groupon's...

Nimble Storage Closes $25 Million Series D Funding Round

San Jose, Calif. — Nimble Storage, a start-up that sells flash-accelerated storage appliances, announced Thursday that the company has received $25 million in a...

Dropbox Raising Millions Based on $5+ Billion Valuation

San Francisco, Calif. — Dropbox, a cloud-based file hosting service that enables its users to access their documents from any computer, is reportedly raising...

Mountain View-Based Evernote Raises $50 Million in New Funding

Mountain View, Calif. - Evernote, the Mountain View-based developer of a multi-platform tool designed to let users capture information in nearly any environment,...

Badgeville Raises $12 Million to Gamify Business

Menlo Park, Calif. — Badgeville, a start-up company that provides game mechanics to websites, raised $12 million in a Series B funding round led...

CDN Startup CloudFlare Raises Additional $20 Million

San Francisco, Calif. — CloudFlare has raised $20 million in a new round of investment funding led by New Enterprise Associates. Founded in 2009,...