Stephen Wolfram is not one to be summed up in a few pithy quotes. Well, too bad. Here is his life in a nutshell: “I grew up in England and went to all sorts of good schools that I thought were completely irrelevant.” “By the time I was 20 years old, I was a physics … Continue reading “Xconomist of the Week: Stephen Wolfram on Big Ideas & Companies”
Author: Gregory T. Huang
In Zink’s Quest for Inkless Printers, $35M and New Co-CEOs
Bedford, MA-based Zink Imaging said this week it has closed $35 million in Series B financing led by Genii Capital. The company, whose name stands for “zero ink,” is developing technology for inkless digital printers that can be attached to or integrated with cameras, consoles, and other devices. Zink’s technology was conceived at Polaroid Research … Continue reading “In Zink’s Quest for Inkless Printers, $35M and New Co-CEOs”
Progress Software, Led by New CEO, Buys Corticon
Some interesting news from the business software world today. Bedford, MA-based Progress Software has acquired decision management firm Corticon of Redwood City, CA. Terms of the deal weren’t announced, but the companies said Corticon’s business rules engine will be integrated into Progress’s responsive process management software package. Mark Allen, the founder and CEO of Corticon, … Continue reading “Progress Software, Led by New CEO, Buys Corticon”
Abine Battles for Consumers’ Online Privacy in Post-Facebook Era
How annoying is the Web? I’m not talking about the nonstop distractions, the social-media window into human stupidity, or even the endless pop-up ads that block your view of the screen. I’m talking about the utter loss of privacy that most consumers have suffered online, yet rarely think about. Sure, the Web is a net … Continue reading “Abine Battles for Consumers’ Online Privacy in Post-Facebook Era”
Actifio Gets Active With $33.5M Led by Andreessen Horowitz
Actifio is growing like a weed—just like the data it tries to help companies tame—and it has just raised one of the bigger Boston-area tech financing rounds of the year. The Waltham, MA-based data management startup said today it has closed $33.5 million in Series C funding led by new investor Andreessen Horowitz. Previous investors … Continue reading “Actifio Gets Active With $33.5M Led by Andreessen Horowitz”
Dave Balter Joins Nicole Stata’s Boston Seed Capital as VC Fund Ramps Up
The Boston ecosystem for tech startup investing just got a little more active. Boston Seed Capital said today it has hired Dave Balter, the CEO of BzzAgent, as a venture advisor (see photo, right). Balter joins Peter Blacklow from Worldwinner, now executive vice president of digital for GSN, as a top advisor to the fund. … Continue reading “Dave Balter Joins Nicole Stata’s Boston Seed Capital as VC Fund Ramps Up”
Qualcomm Picks Up Pixtronix
Pixtronix, an Andover, MA-based maker of low-power displays, has been acquired by San Diego tech giant Qualcomm (NASDAQ: [[ticker:QCOM]]), according to Scott Kirsner’s Innovation Economy blog. Terms of the purchase weren’t disclosed, but the report cites a price range of $175-200 million, based on sources close to the deal. A source of mine confirmed the … Continue reading “Qualcomm Picks Up Pixtronix”
A123 Lays Off 125 Staff at Michigan Plants
Waltham, MA-based A123 Systems (NASDAQ: [[ticker:AONE]]), the lithium-ion battery maker, has laid off about 125 employees at its manufacturing facilities in Livonia and Romulus, MI. The news originally broke the week of Thanksgiving and was reported by media outlets including the Observer & Eccentric and Crain’s Detroit Business. The layoffs are apparently the result of … Continue reading “A123 Lays Off 125 Staff at Michigan Plants”
Retroficiency Reels In $3.3M, Buys Nexamp’s Energy Efficiency Division
A Boston cleantech-software startup is making some noise today in a burgeoning market. Retroficiency announced it has raised $3.32 million in new financing led by Point Judith Capital. As part of the deal, the startup has acquired the energy efficiency division of Nexamp, a North Andover, MA-based solar power producer that is also backed by … Continue reading “Retroficiency Reels In $3.3M, Buys Nexamp’s Energy Efficiency Division”
Objective Logistics Moves to Cambridge, Gets $1.5M from Atlas and Google Ventures for Restaurant Tech
Phil Beauregard is hungry. His scrappy startup, Objective Logistics, is hungry, too. Good thing they are in the restaurant business. Actually, the truth is they want to turn the restaurant business upside down. But in a good way (if you believe them). OK, I’ve avoided the G-word for as long as possible. Beauregard and company … Continue reading “Objective Logistics Moves to Cambridge, Gets $1.5M from Atlas and Google Ventures for Restaurant Tech”
A Computer That Knows How You Feel? See Roz Picard’s Affectiva Demo at 6×6 Thursday
Step right up, ladies and gentlemen, and behold…the eighth wonder of the world. No, not King Kong, I’m afraid. But how about a computer that can read and interpret human emotions and mental states? That would be from Affectiva, a Boston-area startup co-founded by Roz Picard, a 20-year veteran of the MIT Media Lab. Picard … Continue reading “A Computer That Knows How You Feel? See Roz Picard’s Affectiva Demo at 6×6 Thursday”
VMTurbo Revs Up With $10M More from Bain, Highland
Waltham, MA-based VMTurbo, a maker of virtualization management software, said today it has closed $10 million in Series B financing led by previous investors Bain Capital Ventures and Highland Capital Partners. The company says it will use the new money to expand its product development, customer support, sales, and marketing. It has raised $17.5 million … Continue reading “VMTurbo Revs Up With $10M More from Bain, Highland”
Skyhook and Symantec Team Up on Anti-Theft Service for Devices
Anti-theft technology for mobile devices just got smarter. Boston-based Skyhook Wireless announced today that its location-finding software has been deployed by Mountain View, CA-based Symantec (NASDAQ: [[ticker:SYMC]]) in its new Norton Anti-Theft Web service. Financial details weren’t given, but the arrangement will put Skyhook’s software on more devices over a broader range of applications—namely, security. … Continue reading “Skyhook and Symantec Team Up on Anti-Theft Service for Devices”
Six Cities, Six Big Tech Ideas on Dec. 1: Here’s the Agenda
This is life’s big question: what should you spend your time on? If you’re starting a company, you probably want to do something fun that lets you be your own boss and maybe, just maybe, gives you a good shot to strike it rich. If you’re an investor, you want to make money and be … Continue reading “Six Cities, Six Big Tech Ideas on Dec. 1: Here’s the Agenda”
Harvest Automation, TeraDiode Lead List of Tech Financing Deals
A list of the most recent tech financings around Boston paints a pretty representative picture of what kinds of companies are getting built here (robotics, hardware, defense tech, custom goods via the Web). Consider: —Billerica, MA-based Harvest Automation, a maker of agricultural robots, has raised $7.8 million in new funding led by Entree Capital. We … Continue reading “Harvest Automation, TeraDiode Lead List of Tech Financing Deals”
Brad Feld’s Startup Advice: Your Company Is Your Product; Get People to Do the Right Thing
“You will have meltdowns on a regular basis. You will have those moments. Make sure you have people you can talk to when you have those moments.” That was Brad Feld, the tech entrepreneur-turned-venture-capitalist, on Friday afternoon, speaking to a room of Boston and New York entrepreneurs and angel investors, at an event organized by … Continue reading “Brad Feld’s Startup Advice: Your Company Is Your Product; Get People to Do the Right Thing”
Harvard Innovation Lab Opens to Foster New Generation of Student Entrepreneurs: Five Things We’ve Already Learned
When last we checked in with Gordon Jones, it was six months ago and he had just been appointed the inaugural director of the Harvard Innovation Lab. It was May, the birds were singing, the Red Sox had pulled out of their season-starting slump, and anything seemed possible. Now the cold, dark days are upon … Continue reading “Harvard Innovation Lab Opens to Foster New Generation of Student Entrepreneurs: Five Things We’ve Already Learned”
Qteros Cuts Staff, Including CEO, as Biofuels Business Struggles
It is a dark time for biofuels companies—and industrial biotech around Boston, more broadly. Xconomy has learned that Qteros, a heavily funded developer of cellulosic ethanol technology based in Marlborough, MA, has laid off most of its staff, including its CEO John McCarthy. The news was reported earlier today by Dan Primack at Fortune. Xconomy … Continue reading “Qteros Cuts Staff, Including CEO, as Biofuels Business Struggles”
Rapid7 Roars Ahead with $50M for Security Software Expansion
If you’re a cyber security company, get your funding while it’s hot. On the same day security software firm CounterTack (fka NeuralIQ) said it is moving from DC to the Boston area and taking a venture round, Boston-based Rapid7, a security assessment software company, says it has raised a $50 million Series C round from … Continue reading “Rapid7 Roars Ahead with $50M for Security Software Expansion”
CounterTack Collects $9.5M for Cyber Security, Opens Boston-Area Headquarters
For every tech company that leaves Boston, it seems, another one moves in. In this case, the local security software cluster just got stronger—and a new approach to combating cyber attacks has arrived. CounterTack, a security company formerly known as NeuralIQ, has rebranded itself and moved its headquarters from Alexandria, VA, to Waltham, MA. The … Continue reading “CounterTack Collects $9.5M for Cyber Security, Opens Boston-Area Headquarters”
XL Hybrids, With New D.I.Y. Approach, Gears Up to Go Beyond Vehicle Retrofits
If you want something done right, the old saying goes, do it yourself. That’s exactly what XL Hybrids, a Boston-based transportation tech startup, is up to these days. Despite a thin layer of gloom that pervades much of the cleantech industry, XL Hybrids is advancing in its quest to make commercial vans and trucks greener … Continue reading “XL Hybrids, With New D.I.Y. Approach, Gears Up to Go Beyond Vehicle Retrofits”
Top 3 Takeaways From Our Twitter Chat With Appature’s Kabir Shahani
In advance of his appearance at Xconomy’s “6×6: Six Cities, Six Big Tech Ideas” conference on Dec. 1 in Boston, I did a live tweet chat with Kabir Shahani, the co-founder and CEO of Seattle-based Appature, yesterday. Thanks to all who tuned in and sent us their thoughts; we had a great audience. Appature is … Continue reading “Top 3 Takeaways From Our Twitter Chat With Appature’s Kabir Shahani”
The Accidental Entrepreneur: David Skok of Matrix Partners Talks Marketing Lessons, VMware Killers, and VC Missteps
His last name means “forest” in Norwegian. Which is appropriate, because this guy sees the forest for the trees. David Skok of Matrix Partners is one of the most talked-about venture capitalists in town, among young entrepreneurs and experienced ones alike. He is best known for his investments in JBoss, the open source middleware company … Continue reading “The Accidental Entrepreneur: David Skok of Matrix Partners Talks Marketing Lessons, VMware Killers, and VC Missteps”
Join Us Thursday for a Twitter Chat with CEO Kabir Shahani of Marketing Tech Startup Appature
Twitter has already sucked away 20 percent of your life. What’s another 30 minutes? If you don’t know Kabir Shahani or his startup, Appature, here is your chance. I will be hosting a live Twitter chat with him tomorrow (Thursday, Nov. 3). This open chat will start at 2 pm Eastern / 11 am Pacific … Continue reading “Join Us Thursday for a Twitter Chat with CEO Kabir Shahani of Marketing Tech Startup Appature”
World Energy Buys GSE for $8.6M, Gains Foothold in Texas
Some interesting news in cleantech today. Worcester, MA-based World Energy Solutions (NASDAQ: [[ticker:XWES]]) said it has acquired GSE Consulting, an energy management and procurement firm based in Dallas, TX, for $8.6 million plus a potential earn-out. World Energy said it will bring on more than 20 GSE employees across three offices in Texas. The move … Continue reading “World Energy Buys GSE for $8.6M, Gains Foothold in Texas”
Modo Labs Closes $4M Series A, Looks to Take Education and Enterprise Apps by Storm
Score one for open source startups. Modo Labs, a Cambridge, MA-based mobile software company, is announcing today it has closed a $4 million Series A round from Storm Ventures and New Magellan Ventures. The round includes $2 million that the startup raised last year; the new money ($2 million) comes from Silicon Valley-based Storm, led … Continue reading “Modo Labs Closes $4M Series A, Looks to Take Education and Enterprise Apps by Storm”
Top 10 Highlights From UnConference: Boston’s Big Data Cluster, Content Vs. Commerce & More
This year’s MassTLC Innovation UnConference, in Boston on Friday, was as overwhelming—and inspiring—as ever. Apart from the “secrets of scaling startups” session, which I recapped in a separate story, there was a lot going on. Far too much for any one person to take in. There were sessions on picking the right startup accelerator; building … Continue reading “Top 10 Highlights From UnConference: Boston’s Big Data Cluster, Content Vs. Commerce & More”
Scaling Up Startups: Takeaways from Gemvara, Kayak, LogMeIn, Wayfair, and More at MassTLC UnConference
Get a bunch of prominent Boston-area founders and CEOs in a room together, and ask them provocative questions. It’s a tried and true recipe for a good discussion, and that’s exactly what we got at the end of the day on Friday at MassTLC’s 2011 unConference at Hynes Convention Center in Boston. The topic was … Continue reading “Scaling Up Startups: Takeaways from Gemvara, Kayak, LogMeIn, Wayfair, and More at MassTLC UnConference”
Editor’s Picks: Xconomy Boston’s Top 20 Stories of the Third Quarter
All this talk about quarterly earnings and venture stats reminded me: I never posted my favorite stories from Xconomy Boston’s third quarter. Yes, I know it’s almost the end of October, and the third quarter ended a month ago. I must have been traumatized by the collapse of the Red Sox or something (is baseball … Continue reading “Editor’s Picks: Xconomy Boston’s Top 20 Stories of the Third Quarter”
Hipmunk, OnSwipe, MC10, Appature, Mimecast, and Northrop Grumman to Headline “6×6” Big Tech Ideas Conference Dec. 1
Daily deals and flash sales, please step off. Social-local-mobile recommendations, go fly a kite. Photo-sharing sites, go take a long walk off a short pier (and send me a picture). We don’t need more companies like those. Here’s what we need. Stretchy, bendy wearable computers. New tablet publishing models. High-altitude unmanned aerial vehicles (UAVs). The … Continue reading “Hipmunk, OnSwipe, MC10, Appature, Mimecast, and Northrop Grumman to Headline “6×6” Big Tech Ideas Conference Dec. 1″
iRobot Lays Off About 55 Staff in Advance of Q3 Earnings Report
[Updated 4:35 pm] Bedford, MA-based iRobot laid off about 55 people last week from its government and industrial robots division, Xconomy has learned. I heard from a source familiar with the company that some of the layoffs came to light because ex-employees posted on social media looking for new positions. An iRobot spokesperson did not … Continue reading “iRobot Lays Off About 55 Staff in Advance of Q3 Earnings Report”
Life Is Good, Listen to People, and More Takeaways from Bert Jacobs at MassChallenge
Life is not good when you lose your notes from one of the best keynotes you’ve seen in a while. In fact, life kind of sucks. Nevertheless, I will recount my top five takeaways from Bert Jacobs, the co-founder and CEO of Life Is Good, the Boston-based apparel maker and retail brand. He spoke at … Continue reading “Life Is Good, Listen to People, and More Takeaways from Bert Jacobs at MassChallenge”
SiOnyx, Black Silicon Startup of the North Shore, Shows Its Solar Cell Tech Is For Real
In a very difficult climate for U.S. solar companies, one Boston-area startup has made some significant progress in solar technology. SiOnyx, a Beverly, MA-based semiconductor company known for its “black silicon” approach to various applications, including solar cells, is reporting today that it has achieved an overall efficiency that is higher than the current industry … Continue reading “SiOnyx, Black Silicon Startup of the North Shore, Shows Its Solar Cell Tech Is For Real”
MassChallenge Awards $100K to Alkeus, Sanergy, and Tinfoil; 14 Others Get $50K in Accelerator Program’s Second Year
Another year, another MassChallenge class. The sophomore edition of the startup accelerator and $1 million business plan competition did not disappoint. Nor did the final event of the program. Tonight was the big awards gala, held at the Boston Convention & Exhibition Center in South Boston—a cavernous and sprawling, impersonal space—but it did the job. … Continue reading “MassChallenge Awards $100K to Alkeus, Sanergy, and Tinfoil; 14 Others Get $50K in Accelerator Program’s Second Year”
VC Investment in MA Companies Falls Back to Earth (from $1B to $505M): Top 10 Q3 Deals
Here comes another venture capital downturn. Maybe. That’s my not-so-definitive take after looking at the VC investment numbers for Massachusetts in the third quarter of 2011, which broadly reflected the national trend as well. How any such downturn will compare to 2008-09 is anyone’s guess. Maybe it’s just a blip, or a healthy resetting after … Continue reading “VC Investment in MA Companies Falls Back to Earth (from $1B to $505M): Top 10 Q3 Deals”
Pintley, a MassChallenge Finalist, Looks to Turn Beer Industry On Its Head With Social Apps
I don’t like playing favorites. I just really like beer. Especially after this weekend. But enough about me. A couple of weeks ago, I got to chat with Tim Noetzel, the co-founder of Pintley, a Boston-based beer website that provides personalized recommendations, tasting notes, and a social community. Pintley is a participant in this year’s … Continue reading “Pintley, a MassChallenge Finalist, Looks to Turn Beer Industry On Its Head With Social Apps”
Hadapt Nabs $8M VC Round, Will Move from New Haven to Boston to Cash In on Big Data
[Updated 12:20pm. See below] A buzz-worthy New England tech startup is relocating from Connecticut to the Boston area after raising a sizable venture capital round, Xconomy has learned. New Haven, CT-based Hadapt has closed a Series A financing round, according to two sources with knowledge of the company. One source puts the round at $8 … Continue reading “Hadapt Nabs $8M VC Round, Will Move from New Haven to Boston to Cash In on Big Data”
Cisco Scoops Up BNI Video for $99M, Moves Deeper Into TV
The West Coast roll-up of Boston-area tech companies continues. On the heels of Oracle’s acquisition of Endeca this week, networking and communications giant Cisco Systems said today it plans to acquire Boxborough, MA-based BNI Video for $99 million in cash and retention-based incentives. Cisco is one of the startup’s investors. The deal is expected to … Continue reading “Cisco Scoops Up BNI Video for $99M, Moves Deeper Into TV”
The Social Network for Cars: Test of the Nation’s First Wireless Collision Avoidance System
A Boston-area security tech company and the University of Michigan are involved in one of the most ambitious—and potentially controversial—transportation projects of our time. It could have major impact on federal legislation, and almost everyone you know. Picture this: You’re driving in your car, approaching an intersection. Maybe you’re speeding a little, going 40 mph … Continue reading “The Social Network for Cars: Test of the Nation’s First Wireless Collision Avoidance System”
Endeca to Be Acquired by Oracle; Earth Shifts
Big news out of Boston and the Bay Area today. Oracle, the Silicon Valley database and business software giant, said it has agreed to acquire Endeca Technologies, the Cambridge, MA-based enterprise search and e-commerce tech company. Terms have not been announced, but the deal is expected to close before the end of the year. Endeca … Continue reading “Endeca to Be Acquired by Oracle; Earth Shifts”
Ginger.io Raises $1.7M for Mobile Health IT, Rides Wave of MIT Media Lab Startups Trying to Understand People
First of all, the name is Ginger.io, not Gingerd. The latter is how the company was incorporated; but the former is its real name. And real is what Ginger.io is becoming. Since graduating with the most recent class of TechStars Boston startups, the MIT Media Lab spinoff (from professor Sandy Pentland’s research group) has been … Continue reading “Ginger.io Raises $1.7M for Mobile Health IT, Rides Wave of MIT Media Lab Startups Trying to Understand People”
Crashlytics, Led by Chang and Seibert, Looks to Win the Wild West of Mobile Bug Reporting
Wayne Chang is a man of mystery. Everyone knows him, yet no one knows him. Even his LinkedIn picture is mysterious. He’s a big-time hacker but not a big talker. He has a handful of secret tech projects and investments going at any time. He’s also been involved in a major lawsuit with the Winklevoss … Continue reading “Crashlytics, Led by Chang and Seibert, Looks to Win the Wild West of Mobile Bug Reporting”
World Energy Buys Northeast Energy, Moves Deeper Into Efficiency
Worcester, MA-based World Energy Solutions (NASDAQ: [[ticker:XWES]]) said today it has acquired Northeast Energy Solutions, an energy efficiency firm based in Cromwell, CT. The purchase price is about $4.75 million in cash, stock, a promissory note, and potential earn-outs. This is the second acquisition in as many months for World Energy, which has been moving … Continue reading “World Energy Buys Northeast Energy, Moves Deeper Into Efficiency”
Tech Tidbits: Black Duck, Care.com, and TwinStrata Raise Funds
Some sizable tech company financings announced in the past day or so. These are mid-stage or growth-stage companies, not early-stage startups: —TwinStrata, a Natick, MA-based data storage and backup company, closed its Series B round at $8 million, led by Avalon Ventures. Xconomy reported on this round in progress back in August. TwinStrata is led … Continue reading “Tech Tidbits: Black Duck, Care.com, and TwinStrata Raise Funds”
MassChallenge Matures: Breaking Down the Final 26 Startups & Their Accelerator Experience
[Updated 10/14/11. See below] And then there were 26. Startup teams competing for $1 million in cash prizes, that is. Welcome to the final stage of MassChallenge 2011. MassChallenge, for anyone who doesn’t know, is a Boston-based startup accelerator program now in its second year. It may very well be the world’s largest incubator of … Continue reading “MassChallenge Matures: Breaking Down the Final 26 Startups & Their Accelerator Experience”
Modo Labs, Open Source Spinoff from MIT, Wants to Be the JBoss of Mobile Design
Any question about the impact MIT is having on the field of mobile software design can be answered with two words: Modo Labs. The Cambridge, MA-based startup grew out of the MIT Mobile Framework, an open source project that began in 2007 with the goal of helping developers build mobile websites for universities. The plan … Continue reading “Modo Labs, Open Source Spinoff from MIT, Wants to Be the JBoss of Mobile Design”
Of Aspirin, Bubbles, and Clouds: A Chat with OpenView Venture’s Scott Maxwell
“We’re not social media investors,” says Scott Maxwell. And I like him already. Maxwell is the founder of OpenView Venture Partners. The Boston-based VC firm is different from a lot of its peers in that it doesn’t typically invest in early-stage startups or late-stage growth companies. Instead it specializes in something in between, what it … Continue reading “Of Aspirin, Bubbles, and Clouds: A Chat with OpenView Venture’s Scott Maxwell”
Six Cities, Six Big Tech Ideas Coming to Boston on December 1: Stephen Wolfram to Keynote
Ladies and gentlemen, your attention please. Ahem. [A giant “6×6” fills the screen.] Macho narrator voice: Star Wars had The Empire Strikes Back (Vader: “I am your father”) The Godfather had The Godfather Part II (Pacino: “You broke my heart”) Mad Max had The Road Warrior…well, you get the idea. Now Xconomy presents 6×6, the … Continue reading “Six Cities, Six Big Tech Ideas Coming to Boston on December 1: Stephen Wolfram to Keynote”
NitroSecurity Snapped Up by Intel’s McAfee Amid Escalating Cyber Threats
Lots of action in computer security, especially around New England. On the same day IBM said it’s acquiring Q1 Labs of Waltham, MA, the security firm McAfee, a recent subsidiary of Santa Clara, CA-based Intel (NASDAQ: [[ticker:INTC]]), said it has agreed to buy NitroSecurity of Portsmouth, NH. Terms of the deal weren’t disclosed. NitroSecurity specializes … Continue reading “NitroSecurity Snapped Up by Intel’s McAfee Amid Escalating Cyber Threats”