EU Searches for Galileo Funding Source

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The European Union will decide this week where the €2.4bn shortfall in funding for the Galileo GPS satellite system will come from. A meeting on September 19th is expected to suggest that the cost is...

Scrybe Gets Venture Funding from Adobe, LMKR

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Scrybe, the online/offline calendar and organizer, has closed their series A round of financing from Adobe Systems Incorporated and LMKR. You'll probably recognize the company from the somewhat viral product demo that swept the blogosphere...

Joost Raises $45 Million in Funding

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Internet-based TV service Joost said it has raised $45 million from five investors: CBS Corporation, Viacom Incoporated, Sequoia Capital, Index Ventures (a European venture capital firm) and Li Ka-shing (chairman of Hutchison Whampoa Limited and...

Sony Funding 40 Download Titles for PS3

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Sony are funding around 40 titles for the PS3, which will be distributed via it's e-Distribution Initiative (EDI), the Playstation's equivalent to Xbox Live arcade. Speaking to Gamesindustry.biz Phil Harrison said "a call to action...

Firefox smashes funding target

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Firefox advocates' call for donations to pay for an advertisement in The New York Times has more than reached its target, only three days into the campaign. The campaign, run by Spread...

Oracle Adds More Funding For PeopleSoft Push

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Oracle has raised another $1.5 billion to fund its $7.5 billion hostile takeover bid for PeopleSoft. In a filing with the Securities and Exchange Commission, Oracle said it has negotiated the $1.5 billion...

DARPA pulls OpenBSD funding

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The unused portion of a grant from the Defense Advanced Research Projects Agency to fund development of the open-source operating system OpenBSD has been pulled for unspecified reasons. The project's leader, Theo...

Linux Start-up Secures $10 mil in funding

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Sistina Software, a start-up with software to help numerous Linux servers collectively share a single set of data, has obtained $10 million in venture funding, the company said Monday. The Minneapolis-based company's...

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Bush Ramps Up Cybersecurity Research Funding

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President Bush signed into law a measure that will almost quadruple federal spending by 2007 on computer security research, reflecting the heightened interest Washington has taken in the issue over the past year. ...

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Dialpad files for bankruptcy, gets new funding

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Dialpad Communications Inc., a provider of voice over IP (VoIP) services, filed for Chapter 11 bankruptcy protection Friday but said it has received new funding from one of its original investors to finance its reorganization....

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