Shawn Broderick, Now at Murfie, Says Innovation in Digital Music Is Only Beginning

Earlier this week news broke that Xconomist Shawn Broderick (center in the photo) was leaving the virtual goods exchange startup Oomba after a few months on the job. He joined the team when it acquired play140, the social gaming startup Broderick ran after he left his gig as TechStars Boston managing director. Broderick—who lists his … Continue reading “Shawn Broderick, Now at Murfie, Says Innovation in Digital Music Is Only Beginning”

Xconomist of the Week: Habib Kairouz Foresees a Valuation Correction

A perhaps overused idiom in technology news is to proclaim that the latest bubble is about to burst. While there have been flashy stories about the rise and stumblings of some high profile startups, Habib Kairouz, a managing partner with venture capital firm Rho Ventures in New York, says he believes the market is entering … Continue reading “Xconomist of the Week: Habib Kairouz Foresees a Valuation Correction”

Hopper Lands $12,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7a202f3-0793-407e-a6ec-9921182c232c&Preview=1 Date 8/16/2012 Company Name Hopper Mailing Address 275 Third Street Cambridge, MA 02142 Company Description At Hopper, we are working hard to transform this process using big data and sophisticated algorithms. Our mission is to bring the joy and inspiration back to travel planning. Stay tuned in late 2012 for our … Continue reading “Hopper Lands $12,000,000 Series B Funding Round”

Biogen Idec, Regulus Cut Deal to Monitor Multiple Sclerosis

Regulus Therapeutics has staked out a strategy as a developer of drugs that alter microRNA, but today it has struck a new deal with Biogen Idec to look at microRNA in a different way. The plan is to track the progress of multiple sclerosis and how patients might be responding to a given therapy. San … Continue reading “Biogen Idec, Regulus Cut Deal to Monitor Multiple Sclerosis”

Xconomy Forum: The Future of Big Data–**SOLD OUT**

Big data, now a mainstream buzzword, is at its core a race to make sense of exponentially increasing amounts of information in daily life. From consumer spending habits to Web browsing preferences, from business intelligence to IT management, there is data to be gathered, analyzed, used, and sold. But what are the specific opportunities for … Continue reading “Xconomy Forum: The Future of Big Data–**SOLD OUT**”

MIT Summer Accelerator Demo Day

MIT has selected 15 startups from its new accelerator programs to showcase at this Saturday afternoon event. As far as sectors go, they run the gamut: energy, health, business-to-business software. Sign up here to get in on the action.

Brad Feld, David Friend, Peter Stern Headline “Future of Big Data” on Oct. 24

What’s everybody talking about in the tech world? That’s easy. Big data. Big data is everywhere. Amazon and Google are big data. Twitter and Facebook are big data. Database and data storage companies are big data. Analytics and networking firms are big data. And outside of the hardcore techies, everyone from retail and marketing folks … Continue reading “Brad Feld, David Friend, Peter Stern Headline “Future of Big Data” on Oct. 24”

Hopper Hauls In $12M More, Harnesses Big Data for Travel Discovery

It’s a big day for big data. One of the local flag-bearers of the field has raised a sizable venture round as it prepares to unveil its online travel product to the world. Cambridge, MA- and Montreal-based Hopper is announcing today a $12 million Series B round led by OMERS Ventures, the VC arm of … Continue reading “Hopper Hauls In $12M More, Harnesses Big Data for Travel Discovery”

A123, Acquia, Healthbox, & More Boston Deals Newsmakers

Last week was a great one for tech diversity in New England, as the week’s deals spanned the cleantech, health tech, and software industries. —The same day that Boston-Power announced it had inked a deal to sell its lithium-ion battery systems to Beijing Electric Vehicle Company, Waltham, MA-based battery maker A123 Systems announced its own bit … Continue reading “A123, Acquia, Healthbox, & More Boston Deals Newsmakers”

OvaScience Receives $859,138 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9316f75-6b43-406b-ba64-94e15d68d419&Preview=1 Date 8/15/2012 Company Name OvaScience Mailing Address 800 Boylston Street Boston, MA 02199 Company Description The company is applying innovative science to improve the quality of eggs (oocytes) and increase the success of in vitro fertilization (IVF). OvaScience’s proprietary technology, exclusively licensed from Harvard Medical School and Massachusetts General Hospital, enables … Continue reading “OvaScience Receives $859,138 New Round”

Verax Biomedical Obtains $2,788,313 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dc85f800-bd6b-44bf-a4aa-dc70c88a872d&Preview=1 Date 8/15/2012 Company Name Verax Biomedical Mailing Address 4 Biotech 377 Plantation Street Worcester, MA 01605 Company Description Verax Biomedical is a leader in the development of rapid tests designed to detect a broad range of bacterial contaminants based upon its proprietary Pan Genera Detection (PGD) technology. Website http://www.veraxbiomedical.com Transaction Type … Continue reading “Verax Biomedical Obtains $2,788,313 New Financing Round”

Northeastern University Finds a Home at ISB in South Lake Union

Northeastern University’s plan to open a graduate school in Seattle depends on delivering a lot of coursework via the Internet, but it still needs a physical location for students to occasionally meet each other and the faculty. Now it has picked a home, in one of the busiest high-tech and biotech neighborhoods in Seattle. Northeastern … Continue reading “Northeastern University Finds a Home at ISB in South Lake Union”

Acquia Acquires Mollom for “Community-Backed Content Moderation Platform”

Burlington, MA-based Acquia, a provider of enterprise-level software and services for the open source, social Web publishing system Drupal, is revealing this morning that it has acquired spam-blocking software maker Mollom. Financial details of the transaction were not disclosed, but it appears that the deal is more of a strategic play for both companies than … Continue reading “Acquia Acquires Mollom for “Community-Backed Content Moderation Platform””

Visible Measures Gets $21.5M More for Data-Based Video Ad Platform

The latest Boston-area tech company to join the $50 million-plus-in-venture-funding crowd is Visible Measures. The video analytics and advertising startup has just raised $21.5 million from DAG Ventures, Advance Publications, General Catalyst, Mohr Davidow Ventures, Northgate Capital, and new investor Common Fund. Visible Measures now has well over $60 million under its financing belt, so … Continue reading “Visible Measures Gets $21.5M More for Data-Based Video Ad Platform”

Remove the Cap on Social Security

I am apolitical by nature. The entire process of electing representatives, from city councils to Presidents, leaves me cold. Blame my extraordinary microeconomics professor H. Scott Bierman who was at Carleton College then but now is the President at Beloit College. He helped me crystallize a handful of tangential thoughts about our system into a … Continue reading “Remove the Cap on Social Security”

Stackdriver Garners $5,000,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a2fadd5a-0b25-43bf-8a93-0cb89a52be58&Preview=1 Date 8/14/2012 Company Name Stackdriver Mailing Address Undisclosed Boston, MA 02481 Company Description Stackdriver, a Boston-based startup that wants to help companies run and manage their applications on and across public cloud infrastructure. Website http://www.stackdriver.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Series A Proceeds Purposes The funding will … Continue reading “Stackdriver Garners $5,000,000 Series A Funding Round”

Cervalis Secures $75,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=466afe88-4b8d-425b-a991-28f49a336304&Preview=1 Date 8/14/2012 Company Name Cervalis Mailing Address 4 Armstrong Road 4th Floor Shelton, CT 06484 Company Description Cervalis is a premier provider of IT infrastructure solutions including business continuity / rapid recovery, managed hosting, managed security, managed storage, networking & telecommunications and co-location. Website http://www.cervalis.com Transaction Type Debt Transaction Amount $75,000,000 … Continue reading “Cervalis Secures $75,000,000 New Round”

Visible Measures Obtains $21,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=413f38e2-ecee-430e-955b-5b61d55b54ee&Preview=1 Date 8/14/2012 Company Name Visible Measures Mailing Address 143 South Street 5th Floor Boston, MA 02111 Company Description Visible Measures Corp. (VMC) is helping to revolutionize the way publishers, advertisers, and audiences engage with Internet delivered video. Our Video Experience Measurement (VXM) suite of products provides objective 3rd party audience measurement … Continue reading “Visible Measures Obtains $21,500,000 New Round”

Brace Yourself: Biotech IPOs Are Beating Tech’s Big Names

The average American on the street has a Facebook account, an opinion about Facebook, heard about the Facebook initial public offering, and knows it collapsed. That same person doesn’t see how their life connects with biotech, probably can’t name a single biotech company, and certainly hasn’t heard of any members of the biotech IPO class … Continue reading “Brace Yourself: Biotech IPOs Are Beating Tech’s Big Names”

Boston-based Pingup Sees Text-to-Business Service as Productivity Tool

If you’re worried about the decline of personal interactions, here’s a scary fact: 71 percent of teens prefer texting to phone calls. That’s what the founders of Boston-based Pingup tell me, citing the social media market research firm Lab 42. And that’s good news for them. “There’s irrefutable evidence out there that this is how … Continue reading “Boston-based Pingup Sees Text-to-Business Service as Productivity Tool”

Stemgent Obtains $11,299,993 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cfe4aea9-3f90-4638-b4d2-79cc4cfe7499&Preview=1 Date 8/13/2012 Company Name Stemgent Mailing Address One Kendall Square B6201 Cambridge, MA 02139 Company Description Stemgent advances stem cell science by providing proprietary reagents and tools developed and proven for reproducibility by some of the world’s leading stem cell scientists. Website http://www.stemgent.com Transaction Type Venture Equity Transaction Amount $11,299,993 Transaction … Continue reading “Stemgent Obtains $11,299,993 New Round”

Life Image Obtains $4,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe0bd430-aa66-4a5c-b94a-830095486976&Preview=1 Date 8/13/2012 Company Name Life Image Mailing Address 300 Washington St. Newton, MA 02458 Company Description Life Image, Inc. is a venture-backed startup company developing Web-based applications and services that help eliminate the problems associated with lack of access to patients’ medical-imaging history.The founders of the company are veterans of this … Continue reading “Life Image Obtains $4,000,000 New Funding Round”

Life Image Receives $4,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe0bd430-aa66-4a5c-b94a-830095486976&Preview=1 Date 8/13/2012 Company Name Life Image Mailing Address 300 Washington St. Newton, MA 02458 Company Description Life Image, Inc. is a venture-backed startup company developing Web-based applications and services that help eliminate the problems associated with lack of access to patients’ medical-imaging history.The founders of the company are veterans of this … Continue reading “Life Image Receives $4,000,000 New Financing”

Medrobotics Obtains $8,101,103 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b035f0e5-cb73-4fea-b343-132b2241b69b&Preview=1 Date 8/13/2012 Company Name Medrobotics Mailing Address 475 Paramount Drive Raynham, MA 02767 Company Description Medrobotics has exclusive worldwide licenses for its technologies from Carnegie Mellon University and the University of Pittsburgh as well as additional robust development of its own intellectual property portfolio. The Company has an operational facility in … Continue reading “Medrobotics Obtains $8,101,103 New Funding Round”

Solutions, Not Ideas, Are Everything

As a lawyer who specializes in emerging companies and a member of the Boston Harbor Angels, I hear 10-20 pitches a month by entrepreneurs seeking angel funding. There are several factors that account for success or failure in a new company’s ability to attract funding. However, one common theme always rings true: all successful businesses … Continue reading “Solutions, Not Ideas, Are Everything”

Infinity & Dicerna Among the Week’s Life Sciences Newsmakers

New England-area drugmakers revealed partnership deals, stock offerings, and drug development progress this week. —Cambridge, MA-based Infinity Pharmaceuticals (NASDAQ: [[ticker:INFI]])  announced it had priced a 5.3-million-share offering of its common stock at $14.50 per share, which adds up to a preliminary total of $76.9 million. The offering, for which Morgan Stanley and J.P. Morgan Securities … Continue reading “Infinity & Dicerna Among the Week’s Life Sciences Newsmakers”

MarketMeSuite Obtains $1,100,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e5b8547d-c420-43cb-8e24-79629831c65b&Preview=1 Date 8/10/2012 Company Name MarketMeSuite Mailing Address 1 Broadway Cambridge, MA 02141 Company Description Launched in 2009, MarketMeSuite is a unique end-to-end social media solution, providing a platform for small- and medium-sized businesses (SMBs) to engage, manage, curate and measure the ROI of their social marketing activity. Website http://www.marketmesuite.com Transaction Type … Continue reading “MarketMeSuite Obtains $1,100,000 New Round”

Startups and the Singularity: Which Boston Innovators Are Believers?

Hollywood has Scientology. The tech world has the Singularity. I’m not conflating their beliefs or intellectual frameworks. I’m not calling them cults. I’m just saying, either you believe it or you don’t. As it would happen, I was sitting around a table at a local startup shooting the breeze about what’s on entrepreneurs’ minds these … Continue reading “Startups and the Singularity: Which Boston Innovators Are Believers?”

Fashion Project Hopes to Be Next Big Thing in Boston Re-Commerce

On the fashion front, there’s been a boom over the last six months or so in websites for reselling used clothing, notes Anna Palmer, co-founder and CEO of Fashion Project, based in Boston’s Leather District. “Boston has somehow created this little niche in the world of creating really successful re-commerce sites that are innovative and … Continue reading “Fashion Project Hopes to Be Next Big Thing in Boston Re-Commerce”

Two Years After Rising from Ashes, Aegerion Preps for Drug Debut

When Marc Beer joined Cambridge, MA-based Aegerion Pharmaceuticals (NASDAQ:[[ticker:AEGR]]) as CEO in August 2010, the company was $4 million in debt, nearly insolvent, and “not following a clear path,” he says. By October of that year, Beer, a former Genzyme executive, had worked out a development plan for the Aegerion’s cholesterol-lowering drug and taken the … Continue reading “Two Years After Rising from Ashes, Aegerion Preps for Drug Debut”

ClickFuel Garners $4,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c178fb67-e1d9-44b5-a3cf-d2f3884e2838&Preview=1 Date 8/9/2012 Company Name ClickFuel Mailing Address 7 New England Executive Park Burlington, MA 01803 Company Description At ClickFuel our business is helping companies generate more business at an affordable cost by leveraging the power of the Internet. We do this by giving local businesses the ability to reach the right … Continue reading “ClickFuel Garners $4,000,000 New Financing”

Boundless, Battling Big Publishers, Rolls Out New Site to Replace Textbooks

A scrappy edtech startup from Boston is emerging today with a new website, new content, and a new resolve to fight the powers that be. Boundless Learning, which started in early 2011, has redesigned its free, open educational content platform for college students, in its public launch just ahead of the new school year. Boundless … Continue reading “Boundless, Battling Big Publishers, Rolls Out New Site to Replace Textbooks”

Battery Maker A123 Takes Big China Investment, Averts Disaster

The Chinese takeover of U.S. cleantech interests continues. Today A123 Systems (NASDAQ: [[ticker:AONE]]), the Waltham, MA-based battery maker with plants in Michigan, said it has signed an agreement with China-based Wanxiang Group, a big automotive and energy firm, whereby Wanxiang could invest as much as $450 million in A123, starting with up to $75 million … Continue reading “Battery Maker A123 Takes Big China Investment, Averts Disaster”

EMC, Care.com, Nexage, & More from the Boston Deals Roundup

Mobile advertising, health IT initiatives, and emotional analytics technology were among the winners in this last week’s deals in New England. —EMC (NYSE: [[ticker:EMC]]), the Hopkinton, MA-based data storage giant, inked a partnership with the personal computer maker Lenovo (HKSE: [[ticker:LNVGY]]) to develop and sell servers and storage systems. Lenovo chairman and CEO Yuanqing Yang said the deal—which … Continue reading “EMC, Care.com, Nexage, & More from the Boston Deals Roundup”

The Evolution of the 10-Second Mobile App

We’ve all heard the term “killer app” before. In the early days of PC-based computing, it was desktop apps like spreadsheets, while Web computing made search essential. In the early days of mobility, access to corporate email was seen as the killer app, but that’s become table stakes. Today, most companies are driven into mobility … Continue reading “The Evolution of the 10-Second Mobile App”

Xconomist of the Week Christina Lampe-Onnerud Talks Cleantech

It’s been less than a year since Boston-Power, a lithium-ion battery maker, announced it had raised a whopping $125 million Series F funding round from Beijing-based GSR Ventures—and was moving most of its operations to China to chase down the electric vehicle market in that country. It’s seeing the first big payoff from that decision. … Continue reading “Xconomist of the Week Christina Lampe-Onnerud Talks Cleantech”

PatientsLikeMe Garners $2,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=34025d02-1f18-4722-9bdb-006b600522c8&Preview=1 Date 8/8/2012 Company Name PatientsLikeMe Mailing Address 155 Second Street Cambridge, MA 02142 Company Description PatientsLikeMe Inc. is a privately funded for-profit company tasked with making the PatientsLikeMe vision a reality. Our goal is to enable people to share information that can improve the lives of patients diagnosed with life-changing diseases. … Continue reading “PatientsLikeMe Garners $2,000,000 New Round”

GM Ventures Leads $12M Series C Round for NanoSteel

GM Ventures, the Detroit-based venture fund run by General Motors, announced it has made an investment in Providence, RI-based NanoSteel. David Paratore, CEO of NanoSteel, says GM Ventures was “one of the largest investors” in a $12 million Series C round, which also included investment from EnerTech Capital and Fairhaven Capital Partners. “GM brings to … Continue reading “GM Ventures Leads $12M Series C Round for NanoSteel”

Care.com Takes In $50M Series E for Global, Vertical Expansion

Waltham, MA-based Care.com announced this morning that it nabbed $50 million in a Series E financing led by new investor Institutional Venture Partners. Return backers including Matrix Partners, New Enterprise Associates, and Trinity Ventures also joined the round. This financing follows a $25 million round of funding announced in October 2011, and brings the total … Continue reading “Care.com Takes In $50M Series E for Global, Vertical Expansion”

MIT Spinout Affectiva Gets $12M More from Big Investors to Pursue Big Idea

Affectiva knows how you feel. And Affectiva feels pretty good today. The Waltham, MA-based tech startup, which also has operations in Santa Clara, CA, has raised $12 million in Series C funding from Horizons Ventures, Kleiner Perkins Caufield & Byers (Digital Growth Fund), and previous investors, which include WPP and Myrian Capital. KPCB partner Mary … Continue reading “MIT Spinout Affectiva Gets $12M More from Big Investors to Pursue Big Idea”

Mayo and Myriad: Can Two Patent Rulings Chill Innovation?

Two recent patent cases have engendered considerable uncertainty regarding the ability of biotechnology and pharmaceutical companies to patent their commercial products and methods. The first case, Mayo Collaborative Services v. Prometheus Labs., Inc., relates to the patent eligibility of certain diagnostic methods. On March 20th, the U.S. Supreme Court unanimously ruled that the personalized medicine … Continue reading “Mayo and Myriad: Can Two Patent Rulings Chill Innovation?”

Affectiva Garners $12,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d577cad-c0b1-41ac-950b-cbc6d0c7a65e&Preview=1 Date 8/7/2012 Company Name Affectiva Mailing Address 411 Waverley Oaks Road Waltham, MA 02452 Company Description Affectiva grew out of collaborative research at the MIT Media Lab to help people on the autism spectrum. We apply innovations in affective computing to help solve difficult problems that stem from misunderstanding how people … Continue reading “Affectiva Garners $12,000,000 Series C Financing”

Care.com Secures $50,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a136ec13-912c-43d5-b0a8-daf3b96d83f0&Preview=1 Date 8/7/2012 Company Name Care.com Mailing Address 201 Jones Road Waltham, MA 02451 Company Description Care.com is an online marketplace connecting people seeking care services with a national and local network of trusted providers. The company provides a simple and safe way for families and individuals to manage their care needs. … Continue reading “Care.com Secures $50,000,000 New Funding Round”

EpiEp Obtains $1,150,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=51421ed8-5966-432d-a49e-dec2099daf1f&Preview=1 Date 8/7/2012 Company Name EpiEp Mailing Address 555 Long Wharf Drive 11th Floor New Haven, CT 06511 Company Description EpiAccess was developed as a novel access system for the minimally invasive treatment of certain cardiac conditions, or arrhythmias, in which there is abnormal electrical activity in the heart. Through EpiAccess, EpiEP … Continue reading “EpiEp Obtains $1,150,000 New Funding”

EpiEp Garners $1,150,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=51421ed8-5966-432d-a49e-dec2099daf1f&Preview=1 Date 8/7/2012 Company Name EpiEp Mailing Address 555 Long Wharf Drive 11th Floor New Haven, CT 06511 Company Description EpiAccess was developed as a novel access system for the minimally invasive treatment of certain cardiac conditions, or arrhythmias, in which there is abnormal electrical activity in the heart. Through EpiAccess, EpiEP … Continue reading “EpiEp Garners $1,150,000 New Financing Round”

OpenExchange Communications Lands $3,127,980 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=92d3e64a-791a-4487-8731-ed617b66f0bd&Preview=1 Date 8/7/2012 Company Name OpenExchange Communications Mailing Address Two Oliver Street Ninth Floor Boston, MA 02109 Company Description The financial services industry is the most meeting intensive in the world. It deserves a 21st century meeting platform. We believe that our system of online profiles, meeting pages, calendars and directories, and … Continue reading “OpenExchange Communications Lands $3,127,980 New Financing”

Boston’s Talent War: Startups Gaining Edge Over Big Companies?

When Sravish Sridhar was graduating from UT Austin, he got an offer letter from a hot, mid-size software company. The firm even sent him a silver-plated pen from Tiffany & Co. to sign the letter. It was a nice touch, but Sridhar declined. Instead of taking the sure thing, he joined United Devices, a distributed … Continue reading “Boston’s Talent War: Startups Gaining Edge Over Big Companies?”

Mass Innovation Nights MIN41 Foodie

You guessed it: this month’s edition of Mass Innovation nights features local startups working in some aspect of the food industry. Makers of cupcakes, chickpeas, beer, and restaurant reservation software and mobile apps are all on the menu of presenters. Register here.

Active Endpoints Launches Software for Simple Enterprise Mobile Access

You could say that Active Endpoints’ latest product release takes a bare essentials approach to enterprise mobility. The Waltham, MA-based company was founded in 2003 and developed collaboration and workflow software for IT and business departments within companies. Last year it introduced its Cloud Extend software, based around the idea that the average user only … Continue reading “Active Endpoints Launches Software for Simple Enterprise Mobile Access”