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Intel commits $100 million to automotive tech innovation

Intel Capital today announced it has created the Connected Car Fund, a $100 million global investment fund to help accelerate and promote innovation in the automotive industry.

Phroni secures $870,000 to enhance mobile browsing [with demo video]

Mobile technology company Studio Ousia Inc. has raised 70 million yen (about $870,000) in private placement of new shares from Nissay Capital Co. Ltd. for its Phroni platform.

Edison Ventures closes new $249 million technology fund

Edison Ventures, the New Jersey-based venture capital firm with offices in McLean, Va. said on Tuesday it has closed a new $249 million technology fund.

Game Closure secures $12 million for cross-platform game kit

Game Closure, which makes it possible for mobile game studios to develop and publish across platforms, today announced a Series A financing round of $12 million led by Highland Capital Partners.

John Peel's legendary music collection to be an online museum

The legendary music collection of British radio pioneer and icon John Peel is being turned into an interactive online museum accessible by the public.

Milyoni secures $11 million for social entertainment products

Milyoni, which focuses on turning Facebook users into customers with its social shopping and entertainment products, today announced it has secured $11 million in Series B financing led by Oak Investment Partners.

Luminate raises $10.7 million, launches Image App Store

Luminate, the developer of a platform designed to make images interactive on the web, said on Thursday it has raised $10.7 million in its third round of funding, led by Nokia Growth Partners.

NEA co-leads $6 million round for Compass Labs [with video]

New Enterprise Associates (NEA) has co-led a new $6 million round of funding for Compass Labs, the Silicon Valley-based developer of a social media advertising platform.

Canadian authors have an online home at the 49th Shelf

Canadian Bookshelf, a community website for everything related to Canadian authors, has rebranded itself as the 49th Shelf and received support from new lead sponsor Amazon.ca.

Brightcove shares surge 30% on first day of public trading

Shares of Brightcove, a provider of digital media distribution services, surged over 30 percent from $11 to over $14.60 as of mid-afternoon on Friday, the company’s first day of public trading.