Articles about 10m
Broadband bumpkin BONANZA: 8 altnets shortlisted for £10m UK.gov subsidy
The government has earmarked a £10m wad of broadband cash for eight outfits whose bids were shortlisted for what the Ministry of Fun described as the "feasibility stage" to bring faster internet connections to hard-to-reach parts of Blighty.
It said the Tory-led Coalition was "focusing on exploring ways to reach those premises …
Brits to vote: Which pressing scientific challenge should get £10m thrown at it?
Regular Brits are going to get to decide which of humanity’s challenges will get a £10m shot at being solved, in a new prize from the UK government and charity NESTA.
The Longitude Prize wants to hand over the millions to the best idea for sorting out one of six problems facing the human race - eco-friendly flight, sustainable …
Dating website for damaged-stiffy sufferers suffers stiff damage: £10m bill for leak
PositiveSingles, a dating website for people with sexually transmitted diseases, is facing a $16.5m (£10.4m) bill – after breaking a promise to keep its users' sensitive info confidential.
The site is part of an online network for lonely hearts run by Canadian firm SuccessfulMatch. It promised users that the site was "100% …
RSA comes out swinging at claims it took NSA's $10m to backdoor crypto
RSA has hit back at allegations stemming from Edward Snowden's latest whistleblowing – specifically, the claim that it secretly took US$10m from the NSA in exchange for using the deliberately knackered Dual Elliptic Curve Deterministic Random Bit Generator (Dual EC DRBG) in its encryption products.
The EMC-owned security outfit …
How much did NSA pay to put a backdoor in RSA crypto? Try $10m – report
The mystery of why RSA would use a flawed, NSA-championed algorithm as the default random number generator for several of its encryption products appears to be solved, and the answer is utterly banal, if true: the NSA paid it to.
Reuters reports that RSA received $10m from the NSA in exchange for making the agency-backed Dual …
UK.gov dangles £10m sweetener over bumpkin broadband hopefuls
Autumn Statement 2013
The government plans to slip £10m into the pockets of outfits willing to test alternative ways to bring superfast broadband access to those bits of Blighty left untouched by BT's fibre-to-the-cabinet technology rollout.
The extra funding was announced ahead of Chancellor of the Exchequer George Osborne's rambunctious Autumn …
Netflix original TV shows gamble pays off... to the tune of 10m new viewers
Netflix's foray into original programming has paid off, with global subscriber numbers jumping past 40 million and profits quadrupling from the same period last year.
Kate Mulgrew in Orange is the New Black Kate Mulgrew in Orange is the New Black. Credit: Netflix
The online video streaming firm said its net profit was $32m in …
Just HALF of 10m iPhone, Android BlackBerry BBM app downloads activated
Ten million people have apparently downloaded the new BlackBerry Messenger (BBM) app for Android or iOS in just 24 hours. But with activations being metered out in half-million lumps it will be a while before they can all start chatting.
The app, which brings BlackBerry Messenger to Android and iOS gadgets, was launched on …
Trouble closing the wallet, Joe? EMC boss Tucci's cloudy shares rain $10m
EMC CEO and chairman Joe Tucci has earned himself a cool $10.5m after selling hundreds of thousands of shares in the storage biz.
Tucci made $10,583,406.96 from selling 400,000 EMC shares on 30 July and 1 August, according to the SEC Form 4 website, which links to this SEC filing.
Tucci's transaction consisted of selling 192, …
SEC slams NASDAQ with $10m fine for Facebook IPOcalypse
NASDAQ is forking over $10m to the Securities and Exchange Commission as penance for its poorly executed Facebook IPO.
The fine was levied against the exchange for the Facebook IPOcalypse, which saw punters at first unable to buy shares in Zuck & Co's data farm social network, and then able to buy but only at unreliable prices …
HMRC hops back into bed with Microsoft, finds purse £10m lighter
IT reseller Computacenter has brokered an Enterprise Agreement (EA) between Microsoft and HMRC valued at roughly £10m. The agreement entitles Blighty's taxmen to volume discounts on Redmond gear, upgrades and more over the next three years.
It is understood Computacenter will take a small cut for hooking up the two organisations …
Investors shovel another $10m of 'fuel' onto the SkyFire
Cloud-optimised browsing company SkyFire has landed another $10m investment, on top of the $30m it has already spent, to push its mobile browsing solution into Europe and Asia.
Mobile browsing optimisation company SkyFire has raised another $10m from investors, on top of the $30.5m that has already been poured into the company …
BT and Virgin sue over £10m state-funded Birmingham broadband
BT and Virgin Media have thrown another legal block in front of a £10m investment in Birmingham's broadband infrastructure.
The two telcos are dragging Birmingham City Council back to the European Commission by challenging a decision to allow the City council to improve broadband pipes. It means that the £10m investment plan in …
Facebook shells out $10m for using users faces in adverts
Facebook has settled a suit that could have seen it compensating 150 million people in the United States.
Facebook will pay out $10m to charity to settle a class action lawsuit that challenged the social network for using punters' mugshots in adverts.
The case was settled on Friday, 15 June, and Facebook have agreed to pay out …
Riverbed could snap up failed WAN optimiser for $10m
Riverbed is reportedly looking to pick up failed WAN optimiser Expand Networks for $10m, a pittance.
Expand went into receivership in Israel in October 2011. It had been operating for 13 years and had benefitted from $100m funding, developing products that speeded up access from remote sites to a data centre's servers. In 2010, …
Dell greases Euro storage partners' palms with $10m
Dell is putting $10m discount dollars on the table for Western Europe channel partners who close enterprise business by the end of the year.
Partners will get their cash via an additional discount of 5% on all "qualifying" orders between now and New Year’s Eve. The enterprise orders that count are Dell PowerEdge, Compellent, …
Tiny Brit island stranded after £10m undersea fibre plea sunk
Days after walking away from the ITU treaty on global communications, which asked nations to connect up their islands, the UK confirmed it will not readily stump up the cash to do just that.
The island in question is St Helena, a British territory smack bang in the middle of the South Atlantic Ocean. Its inhabitants need £10m to …
Moshi Monsters' daddy Mind Candy: Falling sales, £2.2m loss...
Profits at Shoreditch darling Mandy Candy plunged into the red in 2013, with the company recording a £2.2m loss for the full-year 2013, compared with profits of £8m for 2012.
During the same period revenue at the company - which has brought the world kiddy virtual-playland Moshi Monsters - fell by more than one-third to £22.19m …
EMC snaps up database optimiser for $10m
EMC is buying database optimisation company Zettapoint for a reported $10m.
Privately held Zettapoint was founded in 2008, and funded by Jerusalem Venture Partners with just $1.5m. The company says its DBclassify software "provides unparalleled usage-based classification for optimising Oracle databases and their associated multi …
Open Data Institute pours golden £10m shower on upstarts
The Open Data Institute has launched with a taxpayer-funded £10m pot to turn the government’s public information dumps into something tangible. Or that's the promise.
Based at Silicon Roundabout in London’s Shoreditch, the group is headed by web daddy Tim Berners-Lee and artificial intelligence professor Nigel Shadbolt.
The …
Dell, Intel and pal pump $10m into OpenStack biz Mirantis
Michael Dell’s computer giant, Intel and WestSummit have joined forces to inject a new open-source cloud vendor with $10m so that the startup can develop and sell its delayed OpenStack public cloud.
The investment arms of the three tech giants - Dell Ventures, Intel Capital and China-based WestSummit Capital - awarded the cash …
Give the Met Office £10m, says Transport Committee
The Transport Committee is backing calls to hand £10m to the Met Office to spend on hardware to improve its long-term forecasting ability.
The Committee reported yesterday on ways to reduce the impact of severe weather on transport links. Last year's winter in the UK arrived early and snow-filled and came as quite a shock to …
Capita IT Services raises the axe AGAIN
Crapita Capita IT Services is to shutter the last surviving office for hosting unit OPENHIVE, and has given the resident staffers notice of redundancy.
The integrator acquired the firm, formerly branded Synetrix, at the end of 2009, and took on 193 employees based at premises in the Midlands and the South East of England. …
BPO playa Liberata stitches together its resellers' hit squads
Liberata has lobbed together its Microsoft licensing arm Trustmarque and cloudy biz Trinity, with the latter’s brand name set to disappear from view.
The business process outsourcing firm added to its technology portfolio last summer with the speedy buy of Trustmarque, which changed accounting practises and then found itself …
Hyperconverged upstart Stratoscale raises $32m
Data centre software startup Stratocale has raised a further $32m in funding as part of a bid to take on the storage and virtualisation markets.
The Israeli company drummed up funding from Intel Capital, Cisco Investments and SanDisk, as well as its original investors Battery Ventures and Bessemer Venture Partners – which last …
Southwest One gets £10m IBM loan amid 'staggering' losses
The leader of Somerset county council, Ken Maddock, has said that Southwest One is failing to deliver, that its accounts show "staggering losses" of £31.5m and "failures to hit modest savings targets".
Southwest One was set up in 2007 as a joint venture between IBM, Somerset county council, Taunton Deane borough council and Avon …
GM snatchback of $10m Facebook ad cash = amateur move
Open ... and Shut
Talk about bad timing. Right before Wall Street set up to open the curtain on Facebook's $100bn IPO, General Motors (GM), which spends $40m on its Facebook presence, announced that it's pulling the plug on Facebook advertising. The reason? Advertising on Facebook apparently hasn't worked.
My question: how would GM possibly know …
NAND then something new came along: Nanotube men get $10m
Nantero, a start-up developing carbon nanotube-based memory, has gained more than $10 million in a Series D funding round to help commercialise its NRAM technology and get licensees bringing products to market.
NRAM is one of several candidates identified as potential successors to NAND, with others including Phase Change Memory …
X-Prize offers $10m for working Trek tricorder
Fancy getting your hands on $10 million? Of course you do. Then just grab a tool kit and build a working Star Trek-style medical tricorder. Simples.
The X Prize Foundation, famed for innovative big-prize challenges in technical advancement, has outlined its next contest: make an all-purpose mobile device that can do a doctor's …
Kim Dotcom Dotcan remain on bail, despite Fed protests
The US Feds have failed to get Kim Dotcom’s bail revoked ahead of the extradition hearing in New Zealand to decide if he will have to go stateside to face online piracy charges.
The Megaupload founder has avoided awaiting the hearing in jail as an Auckland court has rejected the idea that he might be a flight risk, as well as …
Atlantis Computing CEO stands down
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After just four months as Atlantis Technology CEO and president, Jason Donahue has left, and has been replaced by founder and now ex-chief technology officer Chetan Venkatesh.
The company's management page now has Venkatesh listed as chief.
Atlantis has RAM-using server and VDI virtualisation software technology products called …
UK.gov quietly slips extra cash to AUTO ROBOTICA bods
The UK government is adding another £9m to the pot for driverless car trials in Blighty, allowing four cities to start the tests next year instead of three.
Although it didn’t feature in Chancellor George Osborne’s speech, the Autumn Statement said the UK is adding the extra funds into the previously announced £10m competition …
WD punts cash at ... no, it couldn't be... another 'tape library killer'?
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WD Capital has invested $10m in object storage startup Amplidata and has put its HGST unit to work developing a set of high-capacity storage systems with Amplidata, using the latter's Himalaya software. El Reg storage desk believes the end game is intended as a tape library killer.
Verizon is building a Himalaya-based cloud …
Cash-laden backers chuck $35 MEELLLION into the clouds
Venture capitalists have been tossing money into the burgeoning cloud space with a $10m funding boost to cloud storage gateway upstart Nasuni and the chucking of $25m into cloudy backup firm Druva's burlap sack.
Nasuni's fresh $10m funding round takes its total funding to $53m. Here's the funding history from Crunchbase: …
OpenStack Foundation launches with $10m in funding
The OpenStack cloud controller and related projects developed under the Big Red O are finally and officially free of Rackspace Hosting, which has by and large been steering its development since July 2010, when the project was founded.
Unsatisfied with the closed nature of VMware's vCloud and the quasi-proprietary nature of the …
Cyber crims put feet up for Chrimbo: 2014's seasonal retail breaches fell
Shoppers flocked online for retail bargains during Black Friday and Cyber Monday 2014, but cyber criminals seemingly decided not to join the scrum.
Despite a record-breaking surge in online shopping during late November’s online discount binge, cyber breaches actually fell, according to IBM.
That’s the good news. The bad? …
Nokia dishes out $10m in developer prizes
Nokia is celebrating the fact that its Calling All Innovators competition finally brought in a majority of US developers, even if the grand winners were both from Finland.
Those two winning entries were: a game involving sparking orbs, called Sparkle, and a picture-filtering application called ShutterPro. These entries each win …
Concurrent crams venture capitalist cash into its big Hadoop port
Hadoop startup Concurrent has slurped $10m in Series B filthy valley lucre as a new sense of enthusiasm breathes life into the "big data" community.
Concurrent announced its round on Monday. The company stewards Cascading, a free bit of software that helps devs do application development on top of Hadoop.
The company ran into …
X Prize: Build a Star Trek 'tricorder' and win $10m
CES 2012
Make a portable body scanner that can detect 15 diseases and capture key health metrics and you could win 10 million dollars (£.6.5m).
This year's X Prize - a global competition with the aim of improving the lot of humanity through invention – asks entrants to make a Star Trek-style "tricorder" that could revolutionise …
GOOAALLL! Back of the net! 'Millions of dollars' score .football gTLD
The top-level domain name .football has been auctioned off for, what's expected to be, millions of dollars to upstart registry Donuts.
Domain names using the beautiful game's dot-word will be available some time in the new year, along with names ending in .news, .golf, .school and .latino, all of which were snapped in private …
Google Glassholes haven't achieved 'social acceptance' - report
Google Glass and other smart specs are proving to be a flop with sceptical consumers, the analysis firm Juniper has claimed.
Juniper insists the "lengthy time-to-market and lack of a key consumer use case" is to blame for the lack of interest, which we think means that no company has managed to produce enough silicon specs, and …
Cheapo telcos fined for their cheapo security: Financial records on 305,000 people spilled
American watchdog the FCC is fining a pair of US mobile operators for an astonishing lack of security in handling customer information.
The commission said that TerraCom Wireless and YourTel Wireless improperly stored information on 305,000 customers and will have to pay a joint fine of $10m split between the two firms as a …
Amazon bags control of .book and .pay domains – but NOT .cloud
Bookseller-turned-bazaar Amazon has beaten off competition from eight other companies, including Google and publisher Bowker, to win the right to sell domains ending in .book.
It's not known how much Amazon paid since the gTLD was bought at private auction, although it is believed to have been between $5m and $10m – Amazon just …
Why GM slammed the brakes on its $10m Facebook ads
Analysis
In the week that Facebook finally went public, General Motors has axed its paid-for advertising on Mark Zuckerberg's social network.
GM said today that it was still going to have a Facebook page and everything, but it wasn't going to buy any more ads because they just aren't shifting enough cars. It reportedly spent $10m on the …
Storage startups: Hey VCs, it's not just the size, it's the frequency
Comment
The funding pattern for storage startups has radically changed as newer young companies in hotly contested marts race for growth.
The chart shows the various funding events we have recorded for 32 individual storage startups. These may be declared VC funding rounds or strategic investments. The units are millions of dollars, …
Satyam pays $10m to end fraud probe
Indian reseller and outsourcer Mahindra Satyam and its auditor PwC have paid a total of $16m to end a US investigation into fraud charges.
The Securities and Exchange Commission said yesterday that failings by five PwC Indian subsidiaries allowed the massive fraud to go undetected for years. It said the problems were not limited …
BlackBerry CEO Chen says to expect profits ... in 2016
In a conference call with financial analysts on Friday, BlackBerry CEO John Chen said the firm kept costs under control and even eked out a meager profit in the third quarter of its fiscal 2015, but he couldn't hide that the ailing mobe-maker's revenues continued their steady decline.
BlackBerry brought in revenues of $793m for …
Worst. Comic. Book. Ever. Marvell's Chipman defeated by France in another patent battle
Marvell Semiconductor must reach into its pockets once again, having lost another patent-infringement lawsuit.
This time around, the victor was France Telecom, which sued Marvell in 2012 for infringing its patent on certain error-correction algorithms used in CDMA wireless networking, which licensed under the goofy name Turbo …
Government says axing Becta will save £10m
The closure of Becta will save £10m over the next year, the government said yesterday.
Former education minister and Labour MP Ed Balls tabled a parliamentary question in which he asked the Secretary of State for Education to estimate the cost and savings to the Exchequer expected from kyboshing the schools IT quango.
"We …
Silicon Valley high rollers toss $36m at 'data centre OS' Mesosphere
A startup building a "data centre operating system" that owes its existence to a former PHD student has landed $36m in funding from some high-tech high rollers.
Mesosphere landed the cash in a round led by Khosla Ventures with backing from others including Andreessen Horowitz.
This is second shot from Andreessen Horowitz for …
