THE NEWS WRAP: SurveyMonkey raises $250 million
Monday, December 15, 2014/
Online survey platform SurveyMonkey has raised $250 million in equity financing, meaning the company is now worth around $2 billion.
The company, which is based in California, will use the latest capital raise to pursue future acquisitions, according to Fortune.
New investors include Morgan Stanley Investment Management and T Rowe Price, joining existing investors such as Google Capital and Tiger Global Management.
In May this year the company announced it was opening an office in Sydney as the first step in its expansion into the Asia-Pacific region.
Skype rolls out real-time translation software
Skype has unveiled its live translation software for people speaking English and Spanish.
The Skype Translator program is also available for more than 40 languages via instant messaging, and will be available to customers who have signed up for the software and are using Windows 8.1 on their desktop or portable device.
In a statement on Skype’s website, corporate vice president Gurdeep Pall said the company is continuing to break down geographical barriers.
“Skype Translator will open up endless possibilities for people around the world to connect, communicate and collaborate; people will no longer be hindered by geography and language,” he said.
Nest thermostat now links to Google apps
In a step forward for the Internet of Things, Nest thermostat owners can now control their home’s temperature through Google’s self-titled iOS and Android apps.
VentureBeat reports users are also able to use voice commands to ask Google to change or set their house’s temperature.
In June, Nest launched its Works with Nest program to drive innovation by opening up the platform to developers.
The Dow Jones Industrial Average is down 69.07 points or 0.4% to 17,211.76. The Aussie dollar is currently trading at US82 cents.
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