Today’s top headlines: Ka-ching for Vend and Sean Parker’s Airtime, ouch for HP2012-05-24 0
News is best fresh. Here’s a selection of top stories handpicked by us from tech hubs around the world and served up daily next to our own original content. Enjoy!
Vend rings up $2 million, led by Berlin’s Point Nine
San Francisco- and Auckland-based online point of sales (POS) platform Vend just secured $2 million from a global investment consortium led by Point Nine Capital in Europe. It’s the second serve of funding from Point Nine, following $1 million back in August 2011. Read more on ComputerWorld New Zealand.
For related reading on VentureVillage, check out: Positionly raises $300,000 from Point Nine and Polish angels
Tech titan HP to cut 27,000 jobs
Ouch. Hewlett-Packard will cut 27,000 jobs (about eight per cent of its workforce) in a bid to recover from management missteps and competition from innovative rivals. It’s HP’s largest payroll purge in its 73-year history and is expected to generate annual savings of $3bn to $3.5bn by the end of 2014. Read more on Bloomberg Business Week
Airtime nabs $25M weeks before launch, snaps up social experience startup Erly
Sean Parker’s mystery video startup AirTime is set to debut on 5 June, but that’s not stopping the company from making news today. AirTime received $25 million in second round funding led by Kleiner Perkins, joined by Andreessen Horowitz, Accel Partners, Google Ventures and Social + Capital. Oh, and AirTime’s also snapped up social experience company Erly. Read more by our editorial partner in the Valley, VentureBeat.
For more on Parker (pictured) and company, check out our five favorite tech billionaires