HP has announced its plans to “restructure the company” (read: lay off a bunch of workers and mix around the remaining batch in an effort to stir up some profit) in order to save around $3 billion per year.
Windows Server storage solutions startup Gridstore has raised $11 million in a Series B round led by Acero Capital with participation from existing investors GGV Capital, Investec Ventures Ireland Ltd., and ONSET Ventures. [Source: Gridstore]
Home cleaning services booking platform Homejoy has raised $38 million in a Series B round led by Redpoint Ventures with participation from existing investors Google Ventures, Max Levchin, First Round Capital, Oliver Jung, and Mike Hirshland. The company plans to expand beyond cleaning in the future to offer related home services such plumbers and babysitters. [Source: WSJ]
Twitter got some major heat in the lead-up to its IPO for not having any female board members. The company rectified that situation today by adding former Pearson PLC and Economist Group CEO Marjorie Scardino to its board. Fortunately, this is more than just a figurehead appointment, as Scardino’s deep media experience should allow her to deliver actual value within the role. Notably, however, her first ever tweed came this morning. [Source: Bloomberg]
British programmatic digital advertising company Exchange Lab, has raised $8M in in a round led by the UK’s BGF, an 200 percent year-over-year revenue growth. The company also recently announced the hire of former King head of Advertising Mark Charkin as its Chief Revenue Officer and the launch of NY- and San Francisco-based offices. [Source: Exchange Lab]
Yesterday, Newsweek surprised many when it announced a return to print. Its editor Jim Impoco explained the move to Ad Age, saying he wants it to be less ad-supported and more reader-supported. In other words, more expensive. [Source: Ad Age]
After raising $5.7 million on Kickstarter, the people behind the Veronica Mars movie have finally revealed when the project will be released. March 14, 2014 is the date, so fans of the early-2000s cult TV show, keep that date marked. [Source: Entertainment Weekly]