A group of more than 100 prominent life sciences executives, investors, and business leaders have signed an open letter calling on the industry to step up efforts to increase gender diversity. The letter was published Wednesday, on the second to last day of the annual J.P. Morgan healthcare conference in San Francisco (see full letter … Continue reading “Biopharma Leaders Call for Gender Diversity Amid J.P. Morgan Conference”
Category: San Francisco
Correlation Ventures Raises $200M, Maintains Its “Moneyball” Strategy
Correlation Ventures, a co-investing venture firm that uses analytic software to optimize its decisions, said today it has raised $200 million for its oversubscribed second fund. The firm, which has offices in San Diego, Palo Alto, and New York, said it now has $366 million in assets under management. Investors in the fund include college … Continue reading “Correlation Ventures Raises $200M, Maintains Its “Moneyball” Strategy”
Trump Slams Drug Companies, Says Medicare “Bidding” Is Coming
Oh, the power of a Donald Trump sound bite. On the campaign trail and as president-elect he has made occasional noises about drug pricing—giving the U.S. Medicare system, the largest buyer of drugs in the world, the right to negotiate prices, for instance. This morning, in his first press conference, Trump went further. He said … Continue reading “Trump Slams Drug Companies, Says Medicare “Bidding” Is Coming”
Takeda, Maverick Therapeutics Enter $125M Cancer Therapy Partnership
Takeda Pharmaceutical, aiming to bolster its cancer drug pipeline, has signed on Maverick Therapeutics to a $125 million partnership for developing new immunotherapy treatments. The funding for Brisbane, CA-based Maverick includes an upfront option, a $23 million Series B investment, and cash for research and development. At the end of the five-year deal, Takeda has … Continue reading “Takeda, Maverick Therapeutics Enter $125M Cancer Therapy Partnership”
Edtech Venture Funding Down in 2016, But Still Tops $1B
While we’re looking at venture deal numbers from the past year, let’s consider the education technology industry, which isn’t broken out by sector in the general reports I’ve seen. A recent study by EdSurge, an edtech information firm, shows venture funding for U.S. education tech companies totaled $1.03 billion (across 138 deals) in 2016. Those … Continue reading “Edtech Venture Funding Down in 2016, But Still Tops $1B”
At Allergan And Other Pharmas, Price Transparency Has Limits
The first test of pharmaceutical giant Allergan’s promise to behave responsibly came last week. The firm acknowledged price hikes on several drugs that stayed—sometimes barely—under the 10 percent limit that CEO Brent Saunders pledged last September, in what he called a “social contract with patients.” In an interview at the annual J.P. Morgan healthcare investment … Continue reading “At Allergan And Other Pharmas, Price Transparency Has Limits”
Mobile App Firm Apperian Sold to Arxan as Security Demand Grows
Apperian, one of the early companies to build mobile applications for large enterprises, has been acquired by app-security firm Arxan. The purchase price wasn’t disclosed, so it’s hard to tell how good an outcome this is for Apperian and its investors. The Boston-based firm had raised just shy of $40 million from investors, including FirstFloor … Continue reading “Mobile App Firm Apperian Sold to Arxan as Security Demand Grows”
VC Activity Continues Slowdown in Fourth Quarter, and Top 10 Deals
Venture capital firms didn’t exactly take their foot off the accelerator, but the pace of VC investments continued to weaken in the three months that ended in December, extending a slowdown that began in July, according to two venture reports issued today. The deceleration followed a strong start to venture activity during the first half … Continue reading “VC Activity Continues Slowdown in Fourth Quarter, and Top 10 Deals”
Pain Drug Developer Adynxx Picks Up $16M for Another Clinical Trial
Despite the wide range of pain relievers available, many patients find these drugs fall short of easing pain after surgery and during rehabilitation. Drug developer Adynxx is trying to address that pain with a new treatment developed to be administered to patients during surgery. The San Francisco-based biotech now has $16 million to continue testing … Continue reading “Pain Drug Developer Adynxx Picks Up $16M for Another Clinical Trial”
CEO Kaye Details Insurance Battle As Sarepta Launches Duchenne Drug
Sarepta Therapeutics CEO Ed Kaye described Tuesday the ups and downs the Cambridge, MA, company has had as it tries to roll out eteplirsen (Exondys 51), the first-ever approved drug for Duchenne muscular dystrophy. At the JP Morgan Healthcare Conference in San Francisco, Kaye told attendees that more than 250 patients with the progressive, deadly … Continue reading “CEO Kaye Details Insurance Battle As Sarepta Launches Duchenne Drug”
Kaminario Snags $75M as Big Money Flows Into Flash Storage
New year, new funding for data storage companies in the Boston area. The latest beneficiary is Needham, MA-based Kaminario, which today announced it received $75 million from investors. Private equity firm Waterwood led the round, with contributions from Sequoia, Pitango Venture Capital, Lazarus, Silicon Valley Bank, and Globespan Capital Partners. Kaminario said it has raised … Continue reading “Kaminario Snags $75M as Big Money Flows Into Flash Storage”
Xerox’s PARC Gets A New CEO: Tolga Kurtoglu
Xerox, which is taking its traditional printing business into the digital age with new products such as smart labels, is also re-configuring its business units and drawing on in-house talent to fill some top spots. In a promotion shuffle that began in late December, one plum Bay Area job opened up—the chief executive officer’s post … Continue reading “Xerox’s PARC Gets A New CEO: Tolga Kurtoglu”
Protecting America’s Tech Prowess Amid the Hostile Rhetoric of 2017
With the inauguration of Donald Trump as president on January 20th, the editors asked some of our Xconomists to offer their thoughts on “How could the incoming administration significantly affect your industry?” My biggest concern would be a failure to recognize and take full advantage of the fact that America’s biggest asset is its technological … Continue reading “Protecting America’s Tech Prowess Amid the Hostile Rhetoric of 2017”
J&J, NY State to Form Biotech Incubator in Big Apple’s Genome Center
New York State Governor Andrew Cuomo is planning to use some of the cash from his recently announced $650 million biotech initiative on Manhattan’s biggest life sciences problem—lack of lab space. Cuomo will put $17 million in state funding towards a new biotech startup incubator that will be situated in the New York Genome Center … Continue reading “J&J, NY State to Form Biotech Incubator in Big Apple’s Genome Center”
New Bain Investor Yumin Choi on Obamacare’s Future, Surviving Cancer
Bain Capital Ventures has a new person leading its healthcare investments. Yumin Choi has joined the firm as a managing director, after a decade as a partner at HLM Venture Partners, a Boston-based, healthcare-focused venture firm. Choi has a deeper, more personal understanding of the healthcare industry than most investors. Two years ago, the 33-year-old … Continue reading “New Bain Investor Yumin Choi on Obamacare’s Future, Surviving Cancer”
Smart Voice Assistants Will Spread From Talking Devices To Apps in 2017
Millions of consumers who used to type their search questions on a laptop or the tiny keys of a smartphone are now simply telling a tabletop device what they want. Signs are that the Amazon Echo and Google Home—both equipped with smart voice assistants—will turn out to be blockbuster sellers of the holiday gift season … Continue reading “Smart Voice Assistants Will Spread From Talking Devices To Apps in 2017”
PatientsLikeMe Nabs $100M, Works to Advance Personalized Medicine
PatientsLikeMe has spent the past 13 years building a vast online network of patients with chronic diseases—more than 500,000 people with over 2,700 conditions—who share experiences and health information with each other and with healthcare professionals. The idea is to connect patients and help them better understand their diseases and perhaps find ways to improve … Continue reading “PatientsLikeMe Nabs $100M, Works to Advance Personalized Medicine”
Scangos Surfaces to Lead New Infectious Disease Startup, Vir Biotech
George Scangos, who stepped down from the top spot at Biogen late last year, didn’t take long to land a new gig. He is now CEO of Vir Biotechnology, a biotech startup developing treatments for infectious diseases. The move to Vir brings Scangos (pictured) back to the San Francisco area, where he led Exelixis (NASDAQ: … Continue reading “Scangos Surfaces to Lead New Infectious Disease Startup, Vir Biotech”
Foundation, Roche Deepen Ties as Genentech Vet Steps in for CEO Pellini
[Updated, 2:37 pm ET] Two years ago, almost to the day, Foundation Medicine celebrated its biggest announcement ever. Roche had just paid more than $1 billion for a majority stake in the cancer diagnostics company in a sweeping collaboration that sent Foundation’s shares to all-time highs. Fast forward to today, and Cambridge, MA-based Foundation (NASDAQ: … Continue reading “Foundation, Roche Deepen Ties as Genentech Vet Steps in for CEO Pellini”
Bio Roundup: Biogen Price Fears, A Grail Billion, Hellos, Byes & More
Happy new year, everyone. Are you all strapped in? Tray tables in the locked and upright position? As Bette Davis once said, “It’s going to be a bumpy night.” The news from Washington is already coming fast and furious. The effort to repeal Obamacare is underway, spawning more perspectives and opinions than a postmodern Japanese … Continue reading “Bio Roundup: Biogen Price Fears, A Grail Billion, Hellos, Byes & More”
Families Fret As Insurers Mull Biogen’s $750K Spine Disease Drug
This past Christmas weekend, Ana Memedovich had her best two days in more than a decade. Her 23-year-old son Mikhail has spinal muscular atrophy, or SMA, a rare genetic disease that has slowly robbed him of the ability to walk and function independently. On Dec. 23, the FDA approved nusinersen (Spinraza), the first-ever drug for … Continue reading “Families Fret As Insurers Mull Biogen’s $750K Spine Disease Drug”
Biopharma Industry, Heal Thyself (Without Government Help)
With the inauguration of Donald Trump as president on January 20th, the editors asked some of our Xconomists to offer their thoughts on “How could the incoming administration significantly affect your industry?” The life sciences industry has one problem: Lack of productivity. When it figures out how to consistently make a profit discovering and developing drugs … Continue reading “Biopharma Industry, Heal Thyself (Without Government Help)”
Reputation.com Garners $20,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=965ef3e7-96b0-441e-a5a5-05633f518c58 Date 1/6/2017 Company Name Reputation.com Mailing Address 1001 Marshall St 2nd Floor Redwood City, CA 94063 USA Company Description Reputation.com is the world’s leading provider of online reputation products and services. We have thousands of users from 100+ countries around the world. We’ve been featured in over 400 leading publications globally … Continue reading “Reputation.com Garners $20,000,000 New Financing”
Intuity Medical Obtains $15,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf5fa1bc-2a0e-4f93-a159-38e0172c5c27 Date 1/6/2017 Company Name Intuity Medical Mailing Address 526 Almanor Avenue Sunnyvale, CA 94085 USA Company Description Intuity is developing POGO , the first All-in-One blood glucose monitoring system designed to combine your test strips, lancing device and lancets into one convenient glucose meter. Website http://www.presspogo.com Transaction Type Venture Equity Transaction … Continue reading “Intuity Medical Obtains $15,000,000 New Financing Round”
NGDATA Secures $9,400,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d615c7d8-d44e-43ec-99c0-4eb1249398aa Date 1/6/2017 Company Name NGDATA Mailing Address 71 Stevenson St. San Francisco, CA 94105 USA Company Description NGDATA is the consumer intelligence company that empowers enterprises seeking greater customer lifetime value by enabling deep customer insights, personalized product offers and intimate customer experience to drive sales. Website http://www.ngdata.com Transaction Type Venture … Continue reading “NGDATA Secures $9,400,000 Series B Funding Round”
BlackThorn Therapeutics Obtains $14,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=334764f5-50e0-4317-b6f4-8c836d9e35e2 Date 1/6/2017 Company Name BlackThorn Therapeutics Mailing Address 329 Oyster Point Blvd 3rd Floor South San Francisco, CA 94080 USA Company Description BlackThorn Therapeutics is a clinical-stage biopharmaceutical company dedicated to transforming the lives of people with neurobehavioral disorders through the discovery and development of novel, targeted treatments. Website http://www.blackthornrx.com Transaction … Continue reading “BlackThorn Therapeutics Obtains $14,000,000 Series A Funding”
Orion Labs Lands $8,498,500 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d0a5faa-2136-470f-8616-a4f87abca177 Date 1/6/2017 Company Name Orion Labs Mailing Address 6600 Silacci Way Gilroy, CA 95020 USA Company Description Onyx is a wearable communication accessory for instant voice conversations with as many people as you want, across any distance. You stay connected while your phone stays in your pocket. Website http://www.orionlabs.io Transaction Type … Continue reading “Orion Labs Lands $8,498,500 New Round”
Ninthdecimal Secures $5,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3f6737f7-46fc-4dd0-acdc-c0100a836836 Date 1/6/2017 Company Name Ninthdecimal Mailing Address 150 Post St. San Francisco, CA 94108 USA Company Description NinthDecimal empowers marketers and advertisers to leverage a people-centric approach to understanding and engaging their audience across all media channels. We help marketers target individuals at the right marketable moment to achieve the best … Continue reading “Ninthdecimal Secures $5,000,000 New Financing Round”
Diversity in Experiences, Backgrounds Leads to Successful Businesses
As a Microsoft employee, I had the opportunity to work with some of the most brilliant minds in technology. The profile of my team members were similar to the United Nations. They were of every racial and religious mix. They contributed their unique genius shaped by their individual diverse experiences. I know the value of … Continue reading “Diversity in Experiences, Backgrounds Leads to Successful Businesses”
Neon Therapeutics Hauls in $70M for Personalized Cancer Vaccines
One of the challenges of enlisting the body’s immune system to fight cancer is the constant mutation of the disease. If the body’s immune cells don’t recognize the cancer, they can’t target tumors effectively. Neon Therapeutics believes it has developed a way to make cancer vaccines that recognize and respond to these tumor changes. Now … Continue reading “Neon Therapeutics Hauls in $70M for Personalized Cancer Vaccines”
Credible Labs Secures $10,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f78f2cc3-25a2-4b0b-8033-02727543c6f7 Date 1/5/2017 Company Name Credible Labs Mailing Address 1355 Market Street San Francisco, CA 94103 USA Company Description Receive multiple student loan refinancing offers by completing a single profile. The average user saves $11,668 when they refinance. Get a free savings estimate in 30 seconds. Website http://www.credible.com Transaction Type Debt Transaction … Continue reading “Credible Labs Secures $10,000,000 New Funding”
Pionyr Immunotherapeutics Secures $8,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bfba97b2-fce9-4ffa-8c94-741f7a04802f Date 1/5/2017 Company Name Pionyr Immunotherapeutics Mailing Address 953 Indiana St. San Francisco, CA 94107 USA Company Description Pionyr develops drugs to perform exceptional fine-tuning of immune responses. This goal addresses a current and justified excitement about immunotherapy and introduces technology to rapidly identify and target novel arms of the immune … Continue reading “Pionyr Immunotherapeutics Secures $8,000,000 Series A Funding”
Beautylish Garners $5,913,464 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d81226b6-0009-4299-b173-81641d1ceab4 Date 1/5/2017 Company Name Beautylish Mailing Address 575 Sutter Street San Francisco, CA 94102 USA Company Description Shop for exclusive beauty products, get inspired with makeup and hairstyle photos, learn from beauty tutorials and articles, and research thousands of community-generated product reviews. Website http://www.beautylish.com Transaction Type Venture Equity Transaction Amount $5,913,464 … Continue reading “Beautylish Garners $5,913,464 New Funding Round”
Synthego Receives $41,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa936278-768f-4a57-b6b7-9aa42102f34a Date 1/5/2017 Company Name Synthego Mailing Address 3696 Haven Ave Redwood City, CA 94063 USA Company Description Founded by former SpaceX engineers, Synthego is a leading provider of genome engineering solutions. The company’s flagship product, CRISPRevolution, is a portfolio of synthetic RNA designed for CRISPR genome editing and research. Website http://www.synthego.com … Continue reading “Synthego Receives $41,000,000 Series B Financing Round”
Seworks Garners $8,200,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=16a23417-c023-4215-8129-d2f6b3dd24f8 Date 1/5/2017 Company Name Seworks Mailing Address 530 Howard St. San Francisco, CA 94105 USA Company Description As five-time DEFCON finalists, SEWORKS ensures that mobile apps are safe from dangerous hacking threats that destroy intellectual property, and put sensitive user information at risk. Website http://www.seworks.co Transaction Type Venture Equity Transaction Amount … Continue reading “Seworks Garners $8,200,000 Series A Funding Round”
Castlight Health Acquires Jiff for $133,300,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6f7a2c0b-f5e7-4c83-9562-922c39ceced1 Date 1/5/2017 Company Name Jiff Mailing Address 215 Castro St. 2nd Floor Mountain View, CA 94041 USA Company Description Jiff is on a mission to help companies lower healthcare costs and cultivate happier, healthier employees. Jiff’s enterprise health benefits platform brings together the best of digital health technology and services in … Continue reading “Castlight Health Acquires Jiff for $133,300,000”
Comcast Acquires Watchwith for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=85fa7292-f61d-47c5-8de5-aa647e0d841a Date 1/5/2017 Company Name Watchwith Mailing Address 66 Mint Plaza San Francisco, CA 94103 USA Company Description Watchwith is the cloud platform for building synchronous experiences around film, television and commercials for any IP connected device. We believe time-based metadata is the future of film, television, and advertising. Website http://www.watchwith.com Transaction … Continue reading “Comcast Acquires Watchwith for Undisclosed Sum”
Amazon’s Alexa Echoes Across Tech and Beyond
For the second CES in a row, Amazon’s Alexa is grabbing headlines as the tech world’s annual Las Vegas bacchanalia gets rolling. Alexa is fast becoming the cloud-based, voice-activated personal assistant and remote control for everything from your television to your home security to your washing machine. But some analysts see it as something more: an operating … Continue reading “Amazon’s Alexa Echoes Across Tech and Beyond”
Trump Administration Needs To Set U.S. Cybersecurity Mandates
Cybersecurity is the penultimate existential risk to the United States—economically, militarily, socially, and as we have seen recently, politically. The nature of cyber is asymmetric, and given the size of the U.S. economy, our reliance on intellectual property, and the leadership role the U.S. plays in the Community of Nations, we have a lot more … Continue reading “Trump Administration Needs To Set U.S. Cybersecurity Mandates”
Digitalis Launches $100M Health Fund, With Emphasis On Data
Information technology has wound itself so deeply into healthcare, this might be the year that the term “digital health”—used roughly to distinguish health-related hardware and software from drugs and medical devices—becomes quaint. One example of the ever-blurrier lines between health and technology is a new venture fund, Digitalis Ventures. The firm has already made three … Continue reading “Digitalis Launches $100M Health Fund, With Emphasis On Data”
For 2017, Concerns on Immigration, Net Neutrality, & Cyber Warfare
I have many concerns about how the upcoming Trump administration will impact the overall tech economy. Some of my biggest worries are as follows: 1) More restrictive immigration laws will make it even harder for startups (as well as more established companies) to attract and retain the highly skilled workers that they need to be … Continue reading “For 2017, Concerns on Immigration, Net Neutrality, & Cyber Warfare”
Byte Foods Receives $5,500,000 Seed Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c3896b6-f9ad-4be9-a83c-5dd6e1683874 Date 1/4/2017 Company Name Byte Foods Mailing Address 3095 Kerner Blvd. San Rafael, CA 94901 USA Company Description Byte offers employees fresh food options round the clock. Whether it’s nourishing your team of developers or offering shift workers a hearty meal any time of the day — we have options for … Continue reading “Byte Foods Receives $5,500,000 Seed Funding”
Minerva Surgical Garners $16,723,237 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ec0206f-c483-4165-a874-9235c9fe31c0 Date 1/4/2017 Company Name Minerva Surgical Mailing Address 101 Saginaw Drive Redwood City, CA 94063 USA Company Description Minerva Surgical Inc. is a medical device company. The company’s efforts are focused on women’s healthcare. Currently Minerva Surgical’s development projects are aimed at delivering next generation products for the treatment of abnormal … Continue reading “Minerva Surgical Garners $16,723,237 New Funding Round”
Guardian Analytics Receives $5,063,107 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=86e99464-0faa-4bba-82ea-ab1365822620 Date 1/4/2017 Company Name Guardian Analytics Mailing Address 2465 Latham Street Mountain View, CA 94040 USA Company Description Behavioral analytics solutions to detect fraudulent wire & ACH payments, prevent online/mobile banking fraud, and detect unauthorized access to web portals. Website http://www.guardiananalytics.com Transaction Type Venture Equity Transaction Amount $5,063,107 Transaction Round Undisclosed … Continue reading “Guardian Analytics Receives $5,063,107 New Funding”
Ripio Garners $1,900,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=977aea05-611c-4575-b038-ab31c61bf256 Date 1/4/2017 Company Name Ripio Mailing Address 1263 Howard Street San Francisco, CA 94103 USA Company Description Our main goal is to widen financial inclusion and democratize digital economy in Latin America, offering digital payment alternatives within everyone’s reach. Website http://www.ripio.com Transaction Type Venture Equity Transaction Amount $1,900,000 Transaction Round Series … Continue reading “Ripio Garners $1,900,000 Series A Funding Round”
Henge Docks Receives $1,600,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e511bdaa-1b22-4047-b65a-b1e22b017221 Date 1/4/2017 Company Name Henge Docks Mailing Address 455 10th St. San Francisco, CA 94103 USA Company Description Henge Docks designs and manufactures high-end accessories for the Apple ecosystem, including the market’s best docking solutions for MacBook computers. Website http://www.hengedocks.com Transaction Type Venture Equity Transaction Amount $1,600,000 Transaction Round Undisclosed Proceeds … Continue reading “Henge Docks Receives $1,600,000 New Funding”
Panterra Networks Lands $1,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=420f9949-afe3-46d7-bc7a-d02474441b39 Date 1/4/2017 Company Name Panterra Networks Mailing Address 4655 Old Ironsides Dr. Santa Clara, CA 95054 USA Company Description PanTerra Networks is the world leader in delivering Software-as-a-Service (“SaaS”) unified communications for small and medium sized businesses. We are unique because we have developed the most advanced unified communications SaaS platform … Continue reading “Panterra Networks Lands $1,500,000 New Funding Round”
Panzura Receives $22,207,850 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d9ff82f-3159-45a9-9aab-d76140462f28 Date 1/4/2017 Company Name Panzura Mailing Address 695 Campbell Technology Parkway Campbell, CA 95008 USA Company Description Panzura is a storage software company whose vision is to enable cloud storage to be faster and more secure than local tier 1 storage. Website http://www.panzura.com Transaction Type Venture Equity Transaction Amount $22,207,850 Transaction … Continue reading “Panzura Receives $22,207,850 New Financing Round”
Versant Closes on $400M Fund, Eyes More Biotech Deals in Europe
Versant Ventures now has $400 million in its coffers to fuel its pursuit of early-stage healthcare technologies and startups, and it has a particular goal of expanding its investment approach in Europe. With the closing of its sixth fund announced Tuesday, San Francisco-based Versant now aims to invest in as many as 25 companies in … Continue reading “Versant Closes on $400M Fund, Eyes More Biotech Deals in Europe”
Top Cybersecurity Lesson from 2016: Unchecked Insiders
An unmistakable lesson from 2016 is that there is an escalating arms race between hackers and the organizations they target—from the highest levels of national governments to corporations and private institutions. And while hackers have many advantages, there are two that are contributing to a rampant spike in cyber breaches right now: 1. Employees, contractors, … Continue reading “Top Cybersecurity Lesson from 2016: Unchecked Insiders”