Intel Corp. has invested $24.8 million in OTCBB-listed smart glasses maker Vuzix Corp. for a 30 percent stake in the company. Under the deal Intel has received 49,626 of Vuzix’ Series A preferred stock at a premium price of $5.00 per share; the stock closed Friday at $4.21 a share. With its 30 percent holding, Intel gains ...

German watchmaker Montblanc International GmbH is entering the wearable tech space with a smart watchband. According to reports, the watchband, named the e-Strap features a high-end leather strap with a carbon fiber texture the company calls “Extreme Montblanc Leather.” Attached is a 0.9 inch monochromatic OLED touchscreen display with a 128×36 pixel resolution made from “diamond like carbon coated ...

Scribd Inc. has taken $22 million Series D in a round led by Khosla Ventures that included Redpoint Ventures, Charles River Ventures and Silicon Valley Bank. As part of the deal Khosla Ventures partner Keith Rabois will join Scribd’s board as an observer. “We had a fantastic 2014 at Scribd. We launched audiobooks with 30,000 ...

Prospects for the forthcoming Apple Watch aren’t looking great with a poll finding only 5% of phone users will buy one, while a notable venture capitalist has predicted it will be a flop. Quartz conducted the poll of 811 people, and found that only 2.2% of people were extremely likely to buy the watch, with 3.2% saying ...

Claims that the downfall of Bitcoin exchange Mt. Gox Inc. in 2014 was the result of hacking have been disproved by Japanese police who have found nearly all of the missing Bitcoins were stolen through internal systems. Japan’s Yomiuri Shimbun newspaper quoted sources in the Tokyo Metropolitan Police Department saying that only 7,000 Bitcoins or 1% of the ...

Yahoo Inc. may have engaged in talks to acquire Scripps Networks Interactive Inc. last year, according to an unconfirmed report today. Business Insider claims that Yahoo considered an acquisition of Scripps during a period of time they believed they would have cash to spend due to the IPO of Alibaba Group Holding Ltd. Further the site claims ...

Craft beer brewing is big business in 2015, and the success of these beers in the commercial space has seen a rising interest in home brewing. If you’ve ever tried brewing beer before you know how fussy it can be; you need to get your measurements right, watch the temperatures, and try to time the ...

The Winklevoss Bitcoin Trust exchange traded fund (ETF) is going public following a final filing Wednesday to have the trust listed on the NASDAQ. The offering will see one million shares listed under the stock symbol COIN with an IPO price of $20.09 per share, not 20.1 million shares as incorrectly reported by other outlets. According to the prospectus, ...

The once mighty smartphone and PDA brand Palm could be returning in the new year in the form of Chinese made mobile devices. The speculation comes from news that the Palm.com page, which had previously redirected to hpwebos.com, now redirects to mynewpalm.com. The page includes the Palm logo and the words “coming soon” and “smart move.” Of note ...

Snapchat Inc. has some extra reasons to celebrate the new year with news that they have raised $485.6 million in a Series D round supported by 23 undisclosed investors. The new round brings total funding for the startup to a total of $611 million reported Circa. Previous investors include Benchmark Capital, Kleiner Perkins, General Catalyst Partners, Lightspeed ...