Sift Science, a startup that helps retailers detect fraud, has raised $5.5 million round led by Union Square Ventures, with participation from Max Levchin, Chris Dixon, and other angel investors, AllThingsD reports.
Apple beat analyst estimates in its 4th quarter earnings report, its first since unveiling a new line of iPhones, Apple Pay, and the Apple Watch. The company posted $1.43 earnings per share on an estimated $1.31 and $42.1 billion in revenue on an estimated $39.85 billion. [Source: Apple]
Kickstarter has frozen the fundraising campaign for Anonabox, a device that was supposed to plug into a computer and a router to ensure that all information is transferred via Tor, an anonymous Web browsing tool. Looks like the machine really was too good to be true. [Source: Wired]
IBM has announced that it will pay Globalfoundries $1.5 billion over three years to take its unprofitable chip business off its hands. Globalfoundries will provide chips to IBM for 10 years in exchange for access to the company’s intellectual property. [Source: Bloomberg]
Microsoft is planning to release a smartwatch with two-day battery life and a slew of other features within the next two weeks, Forbes reports, citing unnamed sources. The device is said to be compatible with a number of mobile platforms instead of being restricted to Windows Phone, which might have been a death sentence, considering that platform’s lack of popularity compared to iOS and Android. [Source: Forbes]
Warner Music Group has acquired Playlists.net for an undisclosed sum. According to Techcrunch, the popular playlist sharing site “is thought to have compiled the biggest database of independent Spotify playlists.” [Source: Techcrunch]