GoodData, a Cloud based Business Intelligence startup, has landed $25.7 million in Series E funding on Thursday led by Intel Capital and existing investors Andreessen Horowitz, General Catalyst, Tenaya Capital, TOTVS, Next World Capital, Windcrest, and Pharus Capital. The total funding received so far has now gone up to $101.2

A German Privacy regulator has shed light on the possibility that Google is in violation of the German Federal Telemedia Act and the Federal Data Protection Act. Collection of user data for later use is in direct violation of privacy according to the Hamburg Commissioner of Data Protection and Freedom

Credit Karma, a Web-based consumer finance and technology startup, procured $75 million in an add-on growth round of funding. Participation came from existing investors Google Capital, Tiger Global, Ribbit Capital and Susquehanna Growth Equity, bringing the total to $193.5 million in equity investments so far. Eight months after raising $85

Ecommerce analytics startup Qubit has secured $26 million in Series B funding on Monday, with Accel Partners leading the round. Original investors Salesforce Ventures and Balderton Capital, also participated. The funding will be used to expand Qubit’s US and European operations and development of the ongoing product innovation pipeline. Qubit

On Monday, it was announced that Oracle will introduce two new data centers in Germany with colocation partners Interxion and Equinix. In the wake of recent Snowden disclosures of surveillance carried out by the US National Security Agency (NSA) and the UK’s GCHQ, Oracle’s data centers come as a solution

Utility Consumption Analytics outfit, Verdafero, has announced the utilization of IBM’s open cloud platform, Bluemix to power its analytics platform. “Switching our development to the Bluemix platform has been a game changer,” noted Dr. Alastair Hood, CEO, Verdafero. “We wanted a solution that would allow our infrastructure to grow and

U.S. sandwich restaurant chain Jimmy John’s reported last week of a possible theft of its customers’ credit and debit card information at 216 of its stores and franchised locations. “The credit and debit card information at issue may include the card number and in some cases the cardholder’s name, verification

More funding rounds, announcements and big data articles this week — and it’s just as good as ever! The week started off with a pretty big announcement as Hazlecast picked up $11 Million in funding, spearheaded by Earlybird Venture Capital. The funding stories poured in throughout the week as we

A study, conducted independently by Ponemon Institute with Experian Data Breach Resolution, reports that the frequency and magnitude of computer security breaches at U.S. companies is rising. Equally alarming is the fact that 27% of the companies lack a data breach response strategy. Ponemon Institute that conducts independent research on

Four months ago, Dataconomy reported a funding story on Context Relevant, a predictive analytics company that managed to raise $28 million in funding within just 28 months. The success stories relating to the company, however, continue to pour in as it was revealed yesterday that the predictive analytics firm has