Today’s top headlines: Ka-ching for Vend and Sean Parker’s Airtime, ouch for HP

Nina Fowler 2012-05-24 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.