Animoto Opens Slide Show Creation Tools to Kodak Gallery and More Partners

There’s a slew of tools like Apple’s iMovie for turning your raw photos and videos into fun multimedia slide shows that you can share with friends and family. The problem is that none of them are drop-dead simple—except perhaps Animoto’s. The startup, which is based in San Francisco and New York and backed mainly by … Continue reading “Animoto Opens Slide Show Creation Tools to Kodak Gallery and More Partners”

Google Funds HubSpot, AdGrok Emerges from Beta, Steve Blank Calls for “E-Schools,” & More Bay Area BizTech News

Our infotech coverage at Xconomy San Francisco was on the thin side last week, mainly because I spent the week in Boston organizing and emceeing Xconomy’s annual mobile technology conference, Mobile Madness. Here’s the brief rundown: —Three Bay Area organizations—Google Ventures, Sequoia Capital, and Salesforce.com—led a large Series D financing round for Cambridge, MA-based HubSpot, … Continue reading “Google Funds HubSpot, AdGrok Emerges from Beta, Steve Blank Calls for “E-Schools,” & More Bay Area BizTech News”

Solazyme Seeks $100M IPO to Build Up Renewable Biofuel Business

Solazyme, the South San Francisco-based maker of renewable biofuels that was started by a couple of college friends, is going to see just how much interest public investors have in their once “delusional” idea. Solazyme is out to raise as much as $100 million through an initial public offering, according to a prospectus filed with … Continue reading “Solazyme Seeks $100M IPO to Build Up Renewable Biofuel Business”

Another $13.5M for Solopower

A March 11 regulatory filing shows that San Jose, CA-based flexible photovoltaic maker Solopower has collected an additional $13.5 million in an apparent extension of its $51.6 million January Series E financing round. Solopower’s past backers include Hudson Clean Energy Partners. In February the company received a conditional $197 million loan guarantee from the Department … Continue reading “Another $13.5M for Solopower”

Where Are Tomorrow’s Blockbuster Biotech Drugs Coming From? You Might be Surprised

The San Francisco Bay Area has a storied tradition as the birthplace and leading hub of biotechnology, but something curious has happened the past couple years. Most of the scientifically groundbreaking, medical-textbook rewriting, financially lucrative new biotech drugs of the 21st century are coming from somewhere else. This dawned on me last week as I … Continue reading “Where Are Tomorrow’s Blockbuster Biotech Drugs Coming From? You Might be Surprised”

Chronix Biomedical Secures $2,781,800 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1e0b1a2f-1745-4a7b-9903-7eded3ff7ed9&Preview=1 Date 3/14/2011 Company Name Chronix Biomedical Mailing Address 5941 Optical Court San Jose, CA 95138 Company Description Chronix Biomedical is pioneering a breakthrough approach to the diagnosis and management of chronic diseases and cancer. It has developed proprietary technology that measures and categorizes circulating nucleic acids, DNA sequences circulating in the … Continue reading “Chronix Biomedical Secures $2,781,800 New Funding”

BoostCTR Secures $1,640,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=88e0c832-6ac5-4ece-ac56-4e39ae173625&Preview=1 Date 3/14/2011 Company Name BoostCTR Mailing Address 548 Market St. San Francisco, CA 94104 Company Description BoostCTR is the first service that lets online marketers crowdsource the optimization and testing of their ad creative on a performance basis. By utilizing our services, marketers not only free up their time, but also … Continue reading “BoostCTR Secures $1,640,000 New Funding Round”

Babson Awards $75K to SF Entrepreneurs

Babson College this week announced the results of its first “rocket pitch” competition for students entering the Babson Fast Track MBA program at the college’s SoMa campus in San Francisco. Contestants had three minutes and three slides to explain how they meet Babson’s definition of entrepreneurship as “thinking or acting in a manner that is … Continue reading “Babson Awards $75K to SF Entrepreneurs”

VigLink Raises $5.4 Million

VigLink, a San Francisco startup that helps website owners track outgoing traffic—that is, “outclicks” that can drive affiliate commissions—announced yesterday that it has collected $5.4 million in a Series B financing round led by Emergence Capital. Existing backers Google Ventures and First Round Capital also participated. Emergence Capital partner Kevin Spain has joined VigLink’s board. … Continue reading “VigLink Raises $5.4 Million”

RadiumOne Absorbs $21M

Crosslink Capital is the lead investor in a $21 million Series B financing round for RadiumOne, the San Francisco startup announced today. The company uses information about consumers’ social connections online (but outside of Facebook) to aim online advertisements at the users most likely to engage. Also participating in the round was DFJ Esprit, a … Continue reading “RadiumOne Absorbs $21M”

$15M for Intermolecular

San Jose, CA-based Intermolecular, which helps semiconductor and clean-energy companies accelerate R&D through combinatorial chemistry, has raised $15 million out of a potential $25 million in a sale of equity and securities, according to a regulatory filing. The investors in the round were not identified, but Intermolecular’s board includes directors from CMEA Ventures, US Venture … Continue reading “$15M for Intermolecular”

Exelixis Bags $156M, Tethys Bets on Prevention, UCSF’s Delicate Dance With Industry, & More Bay Area Life Sciences News

One of the highfliers in Bay Area biotech, which had a lousy 2010, looks like it’s turning into a comeback story in 2011. —South San Francisco-based Exelixis (NASDAQ: [[ticker:EXEL]]) scooped up $156 million through a stock offering this week, as investors piled in to get a piece of the action in cabozantinib (XL184). This is … Continue reading “Exelixis Bags $156M, Tethys Bets on Prevention, UCSF’s Delicate Dance With Industry, & More Bay Area Life Sciences News”

Q&A: UCSF’s Jeff Bluestone on the Tricky Balancing Act Between Academia and Industry

Jeff Bluestone has one of those jobs in academia where you almost expect the guy to wear a flak jacket to work. As executive vice chancellor and provost, part of the gig is to make sure UCSF’s 2,400 very smart, very strong-willed faculty remain happy, and keep doing world-class work in research and teaching. He … Continue reading “Q&A: UCSF’s Jeff Bluestone on the Tricky Balancing Act Between Academia and Industry”

MindSnacks Secures $1,200,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8613e866-4e62-46cf-b590-0b4ab2cd0611&Preview=1 Date 3/10/2011 Company Name MindSnacks Mailing Address Undisclosed San Francisco, CA 94105 Company Description The company makes educational language games for mobile phones. Website http://www.mindsnacks.com Transaction Type Venture Equity Transaction Amount $1,200,000 Transaction Round Undisclosed Proceeds Purposes The firm said that the financing will go toward hiring game designers and engineers. … Continue reading “MindSnacks Secures $1,200,000 New Financing Round”

BAM Labs Receives $2,400,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6284b4ba-ca24-450a-b44f-24270bec013a&Preview=1 Date 3/10/2011 Company Name BAM Labs Mailing Address 170 Knowles Dr. Los Gatos, CA 95032 Company Description The company provides a medical device and service that monitors sleep inpatients. Website http://www.bamlabs.com Transaction Type Venture Equity Transaction Amount $2,400,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. … Continue reading “BAM Labs Receives $2,400,000 New Financing”

Topsy.com Receives $15,000,000 Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed0ff09b-f2cc-495c-8eb0-3b73e2dd3265&Preview=1 Date 3/10/2011 Company Name Topsy.com Mailing Address 140 Second Street FL 6 San Francisco, CA 94105 Company Description Topsy is a new kind of search engine, with a new way of looking at the Internet. Topsy doesn’t think the Internet is a collection of documents. Or even a web of documents. … Continue reading “Topsy.com Receives $15,000,000 Series C Funding”

Intermolecular Lands $14,999,999 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9914cf5d-4c0b-492c-92f6-91baf0b69821&Preview=1 Date 3/10/2011 Company Name Intermolecular Mailing Address 2865 Zanker Road San Jose, CA 95134 Company Description Intermolecular, Inc. delivers High Productivity Combinatorial (HPC) technology products and services that enable customers to maximize semiconductor R&D ROI. The company’s Tempus HPC Platform offers chipmakers, materials suppliers and equipment manufacturers integrated processing, characterization and … Continue reading “Intermolecular Lands $14,999,999 New Financing”

HitPost Receives $500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=baaa057b-d0b6-4f62-9c57-b9e26d71543d&Preview=1 Date 3/10/2011 Company Name HitPost Mailing Address 301 Brandon St. Fourth Floor San Francisco, CA 94107 Company Description The company operates a sports oriented social network. Website http://www.hitpost.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. The company’s service is still to … Continue reading “HitPost Receives $500,000 New Funding”

DemandTec Acquires M-Factor for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=78f03d1c-2732-4c2d-9760-0bff78813ff2&Preview=1 Date 3/10/2011 Company Name M-Factor Mailing Address 1400 Fashion Island Boulevard San Mateo, CA 94404 Company Description M-Factor provides marketing investment management solutions that keep analysis up to date and reveal choices with the best bottom-line results. Website http://www.m-factor.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms … Continue reading “DemandTec Acquires M-Factor for Undisclosed Sum”

VigLink Secures $5,400,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=42ae1a8e-4141-4bd6-b7f9-31e4d0ae635e&Preview=1 Date 3/10/2011 Company Name VigLink Mailing Address 420 Bryant Street San Francisco, CA 94107 Company Description The company provides consumers extra income from online link sharing. Website http://www.viglink.com Transaction Type Venture Equity Transaction Amount $5,400,000 Transaction Round Series B Proceeds Purposes The financing will be used to accelerate VigLink’s hiring in … Continue reading “VigLink Secures $5,400,000 Series B Financing”

RadiumOne Obtains $21,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b3981595-3292-441b-9d3b-c7248a00d973&Preview=1 Date 3/10/2011 Company Name RadiumOne Mailing Address 525 Market Street 18th Floor San Francisco, CA 94105 Company Description RadiumOne has developed breakthrough technology that uses social graph data to dramatically improve online marketing. Website http://www.RadiumOne.com Transaction Type Venture Equity Transaction Amount $21,000,000 Transaction Round Series B Proceeds Purposes The Company, which … Continue reading “RadiumOne Obtains $21,000,000 Series B Financing”

Exelixis Pockets $156M in Stock Sale, Riding Wave of Prostate Cancer Drug Results

Exelixis has seized on the newfound momentum for its experimental prostate cancer drug by raising a big new load of cash. The South San Francisco-based drug developer (NASDAQ: [[ticker:EXEL]]) said today it has grossed $165 million through a new stock offering, and will take home about $156 million after paying expenses. The company sold 15 … Continue reading “Exelixis Pockets $156M in Stock Sale, Riding Wave of Prostate Cancer Drug Results”

Startup Guru Steve Blank Says It’s Time for E-Schools, Not B-Schools

A few weeks ago I had very long lunch at Vitrine with Steve Blank, who’s famous in entrepreneurship circles as the originator of the “customer development” methodology for getting a technology startup off the ground. Here at Xconomy, we’ve been cross-posting Blank’s blog posts for a few months, but the lunch was my first chance … Continue reading “Startup Guru Steve Blank Says It’s Time for E-Schools, Not B-Schools”

Offermatic Obtains $4,500,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a7c1c298-0863-4749-a49c-02dea208015b&Preview=1 Date 3/9/2011 Company Name Offermatic Mailing Address 655 Castro St. Mountain View, CA 94041 Company Description Offermatic is a free online service that automatically saves people money on everyday purchases. Based on personal spending history, Offermatic delivers consumers high-value, tailored savings without the hassle of coupons or vouchers. Website http://www.offermatic.com Transaction … Continue reading “Offermatic Obtains $4,500,000 Series A Funding Round”

Credit Sesame Obtains $6,150,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9ca56b3-125d-4e25-98d4-3d79fc962034&Preview=1 Date 3/9/2011 Company Name Credit Sesame Mailing Address 440 N. Wolfe Rd. Sunnyvale, CA 94085 Company Description The company operates a free online service that lets users monitor their debt and credit information in addition to the lending market. Website http://www.creditsesame.com Transaction Type Venture Equity Transaction Amount $6,150,000 Transaction Round Series … Continue reading “Credit Sesame Obtains $6,150,000 Series B Funding Round”

Alta Devices Garners New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b60c62f6-aa19-4b77-a0ac-6d89e0f64b06&Preview=1 Date 3/9/2011 Company Name Alta Devices Mailing Address Undisclosed Santa Clara, CA 95054 Company Description Alta Devices was founded in 2007 and is focused on improving the production economics of high efficiency solar PV applications. Website http://www.altadevices.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes The new … Continue reading “Alta Devices Garners New Funding Round”

Flite Lands $12,000,000 Series C Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=316753e1-dfe2-4e27-b655-f35f5e50175a&Preview=1 Date 3/9/2011 Company Name Flite Mailing Address 706 Mission St. Fifth Floor San Francisco, CA 94103 Company Description Flite is a cloud-based ad platform that enables marketers to deliver ads people love. Our platform allows advertisers, agencies, and publishers to create, serve, and measure ads that are as dynamic as the … Continue reading “Flite Lands $12,000,000 Series C Round”

StumbleUpon Secures $17,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=96ac03c2-32da-4626-bd14-cca9322c234f&Preview=1 Date 3/9/2011 Company Name StumbleUpon Mailing Address P.O. Box 191675 San Francisco, CA 94119 Company Description StumbleUpon helps you discover and share great websites. As you click Stumble!, we deliver high-quality pages matched to your personal preferences. Website http://www.stumbleupon.com Transaction Type Venture Equity Transaction Amount $17,000,000 Transaction Round Series B Proceeds … Continue reading “StumbleUpon Secures $17,000,000 Series B Financing”

Google Ventures, Sequoia, Salesforce Lead $32M Financing Round for HubSpot

[Updated 2:00 pm ET with additional perspective from the investors] Three Bay Area organizations are behind a big $32 million investment in Cambridge, MA-based marketing software company HubSpot. The Series D financing round, announced today, was led by Google Ventures, Sequoia Capital, and Salesforce.com, with Hubspot’s existing investors General Catalyst, Matrix Partners, and Scale Venture … Continue reading “Google Ventures, Sequoia, Salesforce Lead $32M Financing Round for HubSpot”

LearnBoost Raises $1 Million

LearnBoost, a San Francisco startup offering online tools that help schoolteachers manage grading and lesson plans, has raised an additional $1 million in debt and securities, according to a regulatory filing. The company previously raised $975,000 in a July 2010 round that included Bessemer Venture Partners, Charles River Ventures, RRE Ventures, and Atlas Venture.

RelayRides Raises $5.1M

RelayRides, a San Francisco-headquartered person-to-person car-sharing startup with an office in Boston, has raised $5.1 million of an equity-based funding round that could total $5.9 million, according to an SEC document filed yesterday.  The company, which started in Cambridge and last year participated in the Boston incubator program MassChallenge, announced in December that it had … Continue reading “RelayRides Raises $5.1M”

YouTube Acquires Next New Networks

San Bruno, CA-based YouTube, the online video network owned by Google (Nasdaq: [[ticker:GOOG]]), has acquired New York-based Next New Networks, the startup’s departing CEO Fred Seibert confirmed in a blog post yesterday. The four-year-old startup, which helps package and promote video content from independent producers, “will become a core component of YouTube Next, a new … Continue reading “YouTube Acquires Next New Networks”

$11.2M for Samplify

Santa Clara, CA-based Samplify, which makes signal processing systems for makers of medical and scientific equipment, said yesterday that it had raised $11.2 million in a Series B financing round joined by Integrated Device Technology, Inc. (NASDAQ: IDTI), Charles River Ventures, Formative Ventures, and Schlumberger (NYSE: SLB). Schlumberger software governance manager Ginger Hildebrand is joining … Continue reading “$11.2M for Samplify”

A New Way to Teach Entrepreneurship: Class 1 at Stanford’s Lean Launchpad

For the past three months, we’ve run an experiment in teaching entrepreneurship. In January, we introduced a new graduate course at Stanford called the here describe the details of the class.) Get Out of the Building and test the Business Model While we were going to teach theory and frameworks, these students were going to … Continue reading “A New Way to Teach Entrepreneurship: Class 1 at Stanford’s Lean Launchpad”

Tethys Seeks to Double Sales of Test, Prove Value of Preventing Diabetes

Fortunes have been made many times over with new drugs and medical devices to treat chronic and deadly diseases. The folks at Emeryville, CA-based Tethys Bioscience have a different idea that is actually quite radical: They want to make money by preventing disease, not treating it. “Here we are spending about $200 billion a year … Continue reading “Tethys Seeks to Double Sales of Test, Prove Value of Preventing Diabetes”

Breezy Lands $750,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2d4313ff-2354-487b-bd02-ac37ec41a12a&Preview=1 Date 3/8/2011 Company Name Breezy Mailing Address Undisclosed Oakland, CA 94600 Company Description The company provides software for users of BlackBerry phones to print documents via their mobile phone. Website http://www.breezy.com Transaction Type Venture Equity Transaction Amount $750,000 Transaction Round Undisclosed Proceeds Purposes The company would use the financing to scale … Continue reading “Breezy Lands $750,000 New Funding”

LearnBoost Obtains $1,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ffac9137-1634-4515-bfea-e6eaeb1bb722&Preview=1 Date 3/8/2011 Company Name LearnBoost Mailing Address Pier 38 San Francisco, CA 94107 Company Description The company has created an online greeting platform for teachers that allows real-time collaboration around grades between teachers and parents. Website http://www.LearnBoost.com Transaction Type Debt Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “LearnBoost Obtains $1,000,000 New Round”

Veniti Obtains $13,500,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e898fa08-f2f6-4be1-afea-3501657e9ef6&Preview=1 Date 3/8/2011 Company Name Veniti Mailing Address 47533 Westinghouse Dr. Fremont, CA 94539 Company Description Veniti, Inc., is a St. Louis, MO. – based medical device company focused on the development of innovative solutions for the comprehensive treatment of chronic venous insufficiency, a condition that affects up to 20% of all … Continue reading “Veniti Obtains $13,500,000 Series A Round”

At Beautylish, Three Men and a Beauty Editor Build a Community Around Cosmetics

When Beautylish co-founders Vu Nguyen, Sameer Iyengar and Nils Johnson started raising money for their beauty-focused social network last July, they turned to angel investors who could give them more than just dollars (though they got about 1 million of them); they sought out founders of companies like YouTube and Yelp to get advice about … Continue reading “At Beautylish, Three Men and a Beauty Editor Build a Community Around Cosmetics”

IPad 2 Unveiled, Altius Rethinks Junior College, Hipmunk Adds Hotel Search, Thrutu Reimagines the Phone Call, & More Bay Area BizTech News

While Apple’s iPad 2 announcement was the marquee event in the San Francisco/Silicon Valley tech scene last week, there was plenty of other news, including the debut of some interesting new Web and mobile applications. —My biggest project of the week was preparing an in-depth analysis of Altius Education, the venture-backed, San Francisco-based company working … Continue reading “IPad 2 Unveiled, Altius Rethinks Junior College, Hipmunk Adds Hotel Search, Thrutu Reimagines the Phone Call, & More Bay Area BizTech News”

CardioDx Raises $40M

Palo Alto, CA-based CardioDx, which developes genomic tests assessing patients’ risk of developing cardiovascular disease, has raised $40 million in a round of equity-based financing, according to a regulatory filing. New investor Longitude Capital led the Series E round, according to a report in Dow Jones VentureWire. CardioDx’s existing investors include Kleiner Perkins Caufield & … Continue reading “CardioDx Raises $40M”

Advice Received, But Not Taken: Tales from the Biotech Trenches

Biotechnology is a challenging business, with drug development timelines that are long, costly, and dependent on the approval of government regulatory agencies. The vast majority of biotechs never succeed in developing a new drug. There are many issues that contribute to whether or not a company achieves its goals and makes it in the marketplace. … Continue reading “Advice Received, But Not Taken: Tales from the Biotech Trenches”

AdGrok Emerges from Beta, Simplifying Search Engine Marketing on Google

San Francisco-based AdGrok is one of those companies that takes something that used to be hazardous for non-professionals—in this case, managing keyword-based ad campaigns on Google—and makes it into a self-service task that average businesspeople can handle without fear. The startup’s CEO, Antonio Garcia-Martinez, compares his service to TurboTax in the tax preparation arena or … Continue reading “AdGrok Emerges from Beta, Simplifying Search Engine Marketing on Google”

Forget About the IPO Market: It’s Time for Biotechs To Think Differently

When a company like Plexxikon can’t pull off a big-time IPO, you know something’s out of whack in the biotech world. Berkeley, CA-based Plexxikon hit the motherlode last week when it agreed to be acquired for $805 million upfront, plus $130 million in milestones, by Japan-based Daiichi Sankyo. VCs everywhere drooled. That’s because in this … Continue reading “Forget About the IPO Market: It’s Time for Biotechs To Think Differently”

Gigya Lands $6,000,548 Series C Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ea0713ad-94c0-45d8-a35d-4cddcc599ca9&Preview=1 Date 3/7/2011 Company Name Gigya Mailing Address 855 El Camino Real Building 4 Palo Alto, CA 94301 Company Description Gigya is a social marketing solutions company delivering scale and results to publishers and advertisers. Gigya’s infrastructure connects brand advertisers, content publishers and an enormous audience of active social media users. Website … Continue reading “Gigya Lands $6,000,548 Series C Round”

Samplify Systems Receives $11,200,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cb99ba1f-fdeb-4ccc-8acf-6e60a5bd8472&Preview=1 Date 3/7/2011 Company Name Samplify Systems Mailing Address 160 Saratoga Avenue Santa Clara, CA 95051 Company Description Samplify Systems is a venture-funded Silicon Valley startup that delivers simply the bits that matter in real-world signal processing applications. By bridging the ever-widening gap between faster data converters and the fixed-bandwidth infrastructure that … Continue reading “Samplify Systems Receives $11,200,000 Series B Financing”