EdgeSpring has announced the availability of its Business Intelligence and Analytics Platform to allow users to quickly obtain business insights from data of any size or structure, with no reliance on overloaded analysts and IT specialists. The company has raised $11 million in funding, with $9 million coming from Kleiner Perkins Caufield & Byers (KPCB) and Lightspeed Ventures. Read More

Hypebot reports that SoundCloud has appointed Dan Gerber, formerly the National Director of Strategic Partnerships at Pandora, to lead brand sales. Gerber will begin in June, and SoundCloud will open it’s New York City office later this summer. . Read More

Bloomberg reports that Verizon Communications Inc. is having talks with media companies that could turn out spending money on some of the data users consume watching TV shows on mobile devices such as Smartphones. CEO Daniel Mead said, “We are very actively exploring those opportunities and looking at every way to build value for our customers.” . Read More

Mashable reports that YouTube is set to introduce a paid subscription model for certain specialist video channels as soon as this week, according to a report. The service will comprise close to 50 YouTube channels, and subscriptions to each channel will begin at as low as $1.99 per month. . Read More

VentureBeat reports that Yahoo Inc. is launching a new advertising format called Yahoo! Stream Ads, which will run together with content on Yahoo’s news feed. . Read More

Reuters reports that Alibaba Group has purchased an 18 percent stake in Sina Weibo, a micro blogging service owned by Sina Corp., China's largest Internet portal and media website for about $586 million, valuing Weibo at more than $3 billion. Read More

The Wall Street Journal reports that Google Inc. has agreed to make small modifications to the appearance of its search engine to allay concerns that it is negatively affecting rivals. After months of talks with the EU, Google last week submitted a final deal of concessions that will be legally binding for a period of five years. Read More