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LivingSocial Inc. has raised a fresh $110 million from a group of current investors that will allow the daily deal giant to “build our reserves, solidify our long-term plans and execute against our vision for the future,” according to CEO Tim O’Shaughnessy.

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Startup founded by two VMware veterans aims to make server-side flash more scalable by pooling it into a shared resource and — wait for it — virtualizing it.

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Infrastructure may not be the sexiest space, but Silicon Valley’s investors see ample opportunity to fund startups and chip away at dominant players like VMware and EMC. One such startup is PernixData, a company that provides software to virtualize server-side flash memory. The first product will be launched in the next three months, and is aimed at large enterprises that use virtualization in their data center.

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Laws and regulation may prevent global giants like Amazon from jumping into India’s e-commerce market, but there’s no sign of hurdles affecting the country’s growing mobile content market, and in particular music streaming sites. Dhingana, one of the top Bollywood and Indian music specialists, is a case in point, and it’s shifting gears after hiring Rohit Bhatia, an ex Ericsson and Bharti executive, as its new CEO.

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As virtualization has become more common in the enterprise, storage performance has become a challenge. Stealthy startup PernixData is opening up to show its new approach aimed at addressing this problem.

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#4 ZestFinance: “For hacking a new credit rating system by analyzing thousands of variables to determine an applicant’s credit score, with the goal of providing better access to loans for those with poor credit.”

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