Nokia Phone Licensee HMD Raises $100 Million to Drive Growth Push

HMD Global, the Finnish company that owns the right to use the Nokia brand on phones, has raised $100 million (roughly Rs. 681 crores) of funding intended to boost growth, it said on Monday. Having sold about 70 million Nokia phones and generated sales of EUR 1.8 billion ($2.1 billion) in its first year, 2017, HMD said it […]

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Apple Raises the Stakes With New Patent for Waterproof Phone (Watch)

A new patent granted to Apple suggests that the tech giant could be working on a waterproof smartphone. Currently, the company doesn’t offer any waterproof models, while one of its main competitors, Samsung, offers three. But keeping up with the competition likely isn’t the only reason Apple is working toward this new goal. Creating more […]

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Ringly Raises $5.1 Million to Create More Gadget Jewelry

With ideas like the Smarty Ring winning support in crowdfunding campaigns, the market for mart jewelry has already been established. But a company called Ringly, also known for a ring that lights up to signal incoming notifications, plans to push that market to the next level. Now, after a successful $5.1 million round of Series […]

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SecureWorks Raises $112 Million in Year’s First Technology IPO

Dell Inc’s cyber-security unit SecureWorks Corp raised $112 million in the first US initial public offering of a technology company in 2016, less than it had hoped for, amid investor skepticism over its profit margins and prospects. Market jitters and fluctuations in technology stocks have kept investors skittish about the sector. This time last year, […]

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Did You Know the Trade Facilitation and Enforcement Act Raises Duty Free Limit?

A newly passed piece of trade legislation may make it easier for small businesses to compete by simplifying the import process. The U.S. Senate has passed the Trade Facilitation and Enforcement Act of 2015 (PDF), which will modernize and expedite the customs clearance process — fulfilling a long-standing wish of American businesses. Among other things, the bill […]

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