SpaceX is reportedly raising funding at a $10 billion valuation

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Space Exploration Technologies (SpaceX) is reportedly raising a new round of funding that would value the company at $10 billion.

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Dr. Dre takes the ice bucket challenge, challenges Eminem, Snoop, and Kendrick


Rapper, executive producer, and Beats Electronics co-founder Dr. Dre has accepted the ALS Ice Bucket Challenge from Apple CEO Tim Cook. Apple recently acquired Beats Electronics for $3 billion so Cook and Dre are now work colleagues. Cook nominated Dr. Dre as one out of three people he wanted to see do the same or donate $100 to the fight against ALS (Lou Gehrig’s disease). Dr. Dre challenged Eminem, Snoop Dogg, and Kendrick Lamar to take the Ice Bucket Challenge.

Square makes a deal with Victory Park Capital

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Square announced today that it has made a deal with Victory Park Capital to expand its merchant cash advance program called Square Capital. Square will give a cut of the revenue it makes from cash advance fees in exchange for the capital from Victory Park. Square has provided around $50 million in cash advances to about 10,000 businesses so far. Businesses can receive a lump sum cash advance from Square in exchange for a cut of daily transactions made with debit and credit cards.
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Ben Affleck takes the ALS Ice Bucket challenge


Ben Affleck accepted the Ice Bucket Challenge for the ALS Association. Jennifer Garner poured the icy cold water on Affleck after he said he was tagged by Tyler Perry. Affleck asked Jimmy Kimmel, Neil Patrick Harris, Matt Damon and Garner to take the challenge because he knows first hand that they all look good in a wet t-shirt.

Rethink raises $10 million in funding

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Rethink has raised $10 million in Series C funding led by Beringea and Arboretum Ventures. Rethink provides online care management tools for children that have autism and other behavioral health disorders. Michael Gross, managing director at Beringea, and Paul McCreadie, managing director at Arboretum Ventures are joining Rethink’s board of directors.

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Medallia raises $50 million from Sequoia Capital

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Medallia has raised $50 million in funding from Sequoia Capital, which has created software to help corporations track and manage customer experiences. Sequoia Capital was the sole institutional investor in Medallia in this round. Sequoia has invested $105 million over three rounds. The valuation for Medallia was not disclosed, but we know it is up almost five times since the first round of funding in 2012.

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A sequel to Flappy Birds is coming called Swing Copters


Flappy Birds creator Dong Nguyen is working on a sequel to the popular game called Swing Copters. Nguyen was reportedly making $55,000 per day from Flappy Birds, but he took the game down because people were getting too addicted to the game, which ended up causing parents to neglect their kids and people to lose their jobs. The followup to Flappy Birds is expected to arrive on Thursday. The game will be free with ads or paid without ads.

GuardiCore raises $11 million in funding

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GuardiCore is a data center security startup that has raised $11 million in funding. GuardiCore has developed technology to stop threats from moving around once it enters a data center.

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