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Andreessen Horowitz, one of the most prominent Silicon Valley investors, is leading an investment round in a company that's developing software for the commercial use of drones.

Called Airware, the Newport Beach, Calif., company provides several different platforms and tools for companies that want to invest in unmanned aerial systems (UAS), otherwise known as drones. Andreessen Horowitz led the funding round in the drone company, which raised $10.7 million. Google Ventures also participated in the round, according to All Things Digital, which was first to report on the news.

The key difference between Airware and the drones we … Read more

TransferWise, a London-based peer-to-peer currency exchange, announced Monday that it has closed a $6 million Series A funding round led by PayPal co-founder Peter Thiel's Valar Ventures.

The investment in the company, which seeks to use the Internet to make it easier to transfer funds among currencies, marks Valar Ventures' first foray into Europe. Thiel, who was Facebook's first outside investor, was joined in the round by SV Angel and previous investors IA Ventures, Index, Seedcamp, and early stage investment firm TAG.

Coupled with a previous seed round, the recent investment brings TransferWise's funds raised to $7.… Read more

Google has dropped a significant investment into loan-pairing company Lending Club, the companies announced today.

Lending Club announced today that Google has invested in its operation to take a minority stake in the company. Lending Club didn't say exactly how much Google invested, but did say that it was part of a $125 million round of financing. Google and another investor, Foundation Capital, acquired shares from existing investors.

Since its founding in 2007, Lending Club has been growing significantly. The company facilitates loan transactions between those who need cash and those who are willing to dole it out. Lending … Read more

Nokia's VC arm, Nokia Growth Partners, is set to invest in an imaging start-up.

According to Bloomberg, Nokia Growth Partners plans to put funds into array camera company Pelican Imaging. Based in Mountain View, Calif., Pelican Imaging created its first array camera for smartphones in 2011. Rather than using a single lens, array cameras are made up of a series of lenses and build up a picture from the images taken by each. As well as being thinner than a traditional smartphone camera, arrays open up the possibility of post-capture focusing -- similar to what Lytro does with traditional … Read more

Expect Labs, a company building a Siri-like platform on steroids, has just raised some extra cash from both Samsung and Intel.

Venture capital arms at both companies on Tuesday announced that they have dropped some money into Expect Labs to help it continue to build its Anticipatory Computing Engine, a service for companies that's "designed to analyze and understand conversations in real-time and proactively find related information." The Engine has eyes on anticipating what a person needs before they even realize it and then providing relevant information.

According to Expect Labs, which has also captured cash from … Read more

The 3D printing movement is well under way -- albeit with some hype built in -- and Shapeways, a marketplace where people can design, create, and sell their own products, is leading the charge.

Shapeways, sometimes known as the Etsy for 3D printing, now has 10,000 "shop owners" -- people who have designed products, from iPhone cases to jewelry and shoes, that they print out and sell via Shapeways. The New York-based company is building out its recently opened 3D printing factory in the Queens borough of New York City, where its printers are cranking out roughly … Read more

The march toward a better, voice-controlled future continues, even with Siri, Google Voice Search and newer digital assistants, such as Donna, already on the scene.

The latest entrant is Sherpa, a natural language Android app that's a top app in Spain and Latin America and today is rolling out in the U.S. -- first for Android, eventually for iOS.

Like Siri, Sherpa attempts to help organize your life and perform tasks when you ask the app questions or give it commands. It's the brainchild of Xabier Uribe-Etxebarria, who's based in Bilbao, Spain, and has been working … Read more

Foursquare has been able to raise a whopping $41 million, but the funding hasn't come in the form you might expect.

The company announced the news today, saying the cash came from a host of well-known Silicon Valley investors, including Andreessen Horowitz, Union Square Ventures, and others. However, rather than give those firms equity, Foursquare raised the $41 million through a combination of tapping into the Silver Lake Waterman growth debt fund, as well as asking for convertible debt from the aforementioned investors, among others.

The cash raised helps Foursquare fund its growth and also aids the company in … Read more

They're simple, social, and entirely made for mobile, all of which might explain the explosive growth of standalone messaging apps even as Facebook offers a free way to chat on smartphones.

One of the biggies, Kik says that it now has more than 50 million users and that people -- mostly young people -- are signing up at a rate of 200,000 a day. That's twice the rate that Kik claimed when it last released stats. Just last November, the app claimed 30 million users and said that 100,000 people were signing up each day.

"… Read more