Airware has launched the Commercial Drone Fund, a program that will invest $250,000 to $1 million into startups working on commercial drone technology.
Mobile analytics startup Localytics has raised $35 million in funding round led by Sapphire Ventures with participation from Foundation Capital and Polaris Partners.
A new mobile app from startup Spruce Health will enable smartphone users to connect with a board-certified physician for remote diagnosis and treatment options.
Wal-Mart's innovation lab--@WalmartLabs--is buying Stylr, a mobile app that enables shoppers to find clothes in nearby stores, for an undisclosed consideration. This marks the 13th acquisition by the retailer's technology lab in the past three years.
Mobile ad spending is on the rise. Last year, it totaled an estimated $8 billion to $10 billion in the U.S. alone, nearly doubling the 2012 total, according to stats cited by mobile ad platform Startapp.