Silicon Laboratories Acquires Ember for $72,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b714cf23-e5d8-4dc8-b3c0-34f05486d903&Preview=1 Date 5/21/2012 Company Name Ember Mailing Address 25 Thomson Place 2nd Floor Boston, MA 02210 Company Description Ember enables communication among embedded microcontrollers with standards-based wireless mesh networking semiconductors and software. Website http://www.ember.com Transaction Type M&A Transaction Amount $72,000,000 Transaction Round Proceeds Purposes M&A Terms Other financial terms were not disclosed … Continue reading “Silicon Laboratories Acquires Ember for $72,000,000”

Misery Loves Company: 38 Studios, AEB, and WFNX

OK, listening to Morphine’s “Cure for Pain” on Julie Kramer’s very last Leftover Lunch show on WFNX pushed me over the edge. In case you missed the news amid all the Facebook hoopla, Boston alternative music station WFNX is being bought by Clear Channel, and most of the staff is being laid off. The old … Continue reading “Misery Loves Company: 38 Studios, AEB, and WFNX”

Can Facebook’s New Millionaires Save the World?

From everyone to whom much is given, much shall be required. Regular readers know that I’m not in the habit of quoting scripture. But this line found in the gospels of Matthew, Mark, and Luke has a bit of new relevance this morning, as Facebook’s initial public offering—valuing the company at $106 billion at the … Continue reading “Can Facebook’s New Millionaires Save the World?”

Promedior, Aveo, Ra, and More Boston Life Sciences Headlines

Drugs, devices, and nonprofits showed up in this week’s New England life sciences news. —Promedior, a maker of treatments for tissue damage known as fibrosis, is moving its headquarters from Pennsylvania to Boston and has hired Suzanne Bruhn, a veteran of the Irish drug giant Shire’s Human Genetic Therapies division, as its new CEO. —Cambridge, MA-based Aveo Pharmaceuticals … Continue reading “Promedior, Aveo, Ra, and More Boston Life Sciences Headlines”

StreamBase Systems Obtains $1,650,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20563aaa-6a33-4380-80b4-30fd83fd73d7&Preview=1 Date 5/18/2012 Company Name StreamBase Systems Mailing Address 181 Spring Street Lexington, MA 02421 Company Description StreamBase Systems, a leader in the fast-growing complex event processing (CEP) market, has pioneered a remarkable new approach to processing and analyzing real-time streaming data. Website http://www.streambase.com Transaction Type Debt Transaction Amount $1,650,000 Transaction Round … Continue reading “StreamBase Systems Obtains $1,650,000 New Financing”

Single Digits Secures $10,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a12a93ab-9907-4ce5-996c-5b08b8eb1fdb&Preview=1 Date 5/18/2012 Company Name Single Digits Mailing Address 749 E. Industrial Park Dr Manchester, NH 03109 Company Description Single Digits is a leading global provider of High Speed Internet Access (HSIA) management and support solutions, guest management software and technical support services. We offer a complete guest HSIA solution, including components … Continue reading “Single Digits Secures $10,000,000 New Funding”

JamHub Receives $1,100,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=01ba3295-5e6b-4f73-8ffa-88df8722a378&Preview=1 Date 5/18/2012 Company Name JamHub Mailing Address PO Box 482 Whitinsville, MA 01588 Company Description JamHub is a new product, and a new category of product, but our JamHub team isn’t new to the music business. We’ve worked for companies like Line 6, Bose, Lexicon and others to bring innovative, market-changing … Continue reading “JamHub Receives $1,100,000 Series A Round”

From MIT Entrepreneur to Tea Party Leader: The Thomas Massie Story

Buried in the news of the past month, which was admittedly a busy one, was a press release headlined: “Geomagic Acquires Sensable 3D Design and Haptics Businesses.” As far as I can tell, no media outlets besides Xconomy picked up on this deal or its historical—and now, political—significance. Woe is them. That’s because “Sensable” would … Continue reading “From MIT Entrepreneur to Tea Party Leader: The Thomas Massie Story”

Xconomist of the Week: Tom Maniatis on Prize4Life and ALS Research

A few years back, molecular geneticist Tom Maniatis was approached by a Harvard Business School student with a heart-wrenching story. The student, Avichai Kremer, then 29, had been diagnosed with amyotrophic lateral sclerosis (ALS), otherwise known as Lou Gehrig’s disease. Kremer had an unusual idea: He wanted to advance ALS research by offering million-dollar prizes … Continue reading “Xconomist of the Week: Tom Maniatis on Prize4Life and ALS Research”

Zadspace Garners $6,552,523 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bcf2d821-d408-4214-b749-70068344e7d6&Preview=1 Date 5/17/2012 Company Name Zadspace Mailing Address 40 Richards Ave., 6th Floor Norwalk, CT 06854 Company Description Zadspace Inc is a provider of targeted advertising and product placement solutions. Zadspace was founded in 2006 by Todd Outten and James Ho. A venture-backed company, we have filed two utility patents surrounding our … Continue reading “Zadspace Garners $6,552,523 New Funding Round”

Unidesk Garners $9,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=27f7ee11-d486-449f-a7ac-73b09184ebd8&Preview=1 Date 5/17/2012 Company Name Unidesk Mailing Address 313 Boston Post Road West Marlborough, MA 01752 Company Description Unidesk is focused on building innovative new software solutions that will dramatically reduce costs, increase IT control, and enhance the end user desktop computing experience for enterprise customers. Website http://www.unidesk.com Transaction Type Venture Equity … Continue reading “Unidesk Garners $9,000,000 Series C Financing Round”

Aveo Kidney Cancer Drug Shows Safety Edge in Pivotal Study

Aveo Oncology is entering a competitive world for the treatment of kidney cancer, and it made a bold bet that its drug would prevail in the first head-to-head comparison of its kind against an active drug. Now the company is preparing to enter that competition with data that says its drug has a slight advantage … Continue reading “Aveo Kidney Cancer Drug Shows Safety Edge in Pivotal Study”

CloudTop, Ketchup, Todd Park, & A New President: An MIT Recap

It’s been an eventful 24 hours for MIT. The university held the finale of its $100K Entrepreneurship Competition last night, naming CloudTop the grand prize winner. The company comes from the Web/IT track of the competition and is developing an application allowing users to access of all their online content and applications through a Web … Continue reading “CloudTop, Ketchup, Todd Park, & A New President: An MIT Recap”

Vertica/HP Veteran Chris Lynch Joins Atlas for Big Data Investing

Chris Lynch, the tech exec who said venture capital was not for him, is the newest member of the technology team at Atlas Venture, the Cambridge, MA-based firm announced today. In March, Lynch left his role as CEO of Vertica Systems, a year after the data analytics company was acquired by Hewlett-Packard for $300 million. … Continue reading “Vertica/HP Veteran Chris Lynch Joins Atlas for Big Data Investing”

Targeted Cancer Drugs With Punch: The Next Big Class of Antibodies

[Updated: 11 am PT, 6/5/12] One of the big dreams in biotech over the past 35 years has been to make drugs that work like “smart bombs” by destroying tumors while minimizing collateral damage. Scientists have learned this is no easy thing, but now that a couple of these types of drugs have been shown … Continue reading “Targeted Cancer Drugs With Punch: The Next Big Class of Antibodies”

InsightSquared, Bradford, Plastiq, & More Boston Dealmakers

[Updated 5/16/12 at 5:30 pm. See below]We saw deals this week for companies working on database, business intelligence, credit card processing, and security technology. —Hopkinton, MA-based data storage giant EMC (NYSE: [[ticker:EMC]]) confirmed its acquisition of Israeli flash-storage startup XtremIO. Other media outlets peg the purchase price at $430 million, though EMC has not officially revealed … Continue reading “InsightSquared, Bradford, Plastiq, & More Boston Dealmakers”

Mitralign Lands $35,000,000 Series D Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3c9183dd-26ed-465b-9e7d-92692ff5cc54&Preview=1 Date 5/16/2012 Company Name Mitralign Mailing Address 3 Highwood Drive Tewksbury, MA 01876 Company Description We are currently developing an innovative, catheter-based mitral valve repair system that not only provides an alternative to open heart surgery but emulates the traditional surgical repair technique. The condition treated, mitral valve regurgitation (MR), is … Continue reading “Mitralign Lands $35,000,000 Series D Round”

Ra Pharmaceuticals Receives $8,600,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ee49944d-8571-4c2c-8f60-c95f46ba902d&Preview=1 Date 5/16/2012 Company Name Ra Pharmaceuticals Mailing Address One Kendall Square Cambridge, MA 02139 Company Description Ra Pharma is developing Cyclomimetics, a new drug class with the diversity and specificity of antibodies, coupled with the many benefits of small molecules. Ra Pharma’s peptide-like molecules are highly-stable, synthetic products with chemical structures … Continue reading “Ra Pharmaceuticals Receives $8,600,000 Series A Financing Round”

Promedior Moves Fibrosis Pipeline to Boston, Hires Shire Vet as CEO

Biotech firm Promedior announced today that it will be moving its headquarters from Malvern, PA, to Boston, and that it has hired a new CEO, Suzanne Bruhn,who was previously senior vice president for planning and program management for Shire’s Human Genetic Therapies division. Promedior is working on several drugs to treat fibrosis—a type of tissue … Continue reading “Promedior Moves Fibrosis Pipeline to Boston, Hires Shire Vet as CEO”

Coaching Program Springboard Hits Boston With Life Sciences Entrepreneurs

Startup accelerators like Y Combinator and TechStars are known for producing the latest and greatest in Web startups. But there’s a set of established and accomplished companies—like ZipCar (NASDAQ: [[ticker:ZIP]]), Xenogen, and Constant Contact (NASDAQ: [[ticker:CTCT]])—that also received startup coaching, mentoring, and connections to investors back in their day. They went through a different program, … Continue reading “Coaching Program Springboard Hits Boston With Life Sciences Entrepreneurs”

InsightSquared Lands $4,500,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=09c47076-fcfc-4b85-8e66-bcaa8c490014&Preview=1 Date 5/15/2012 Company Name InsightSquared Mailing Address 160 Sidney Street Cambridge, MA 02139 Company Description InsightSquared is the best data intelligence software designed specifically for small and medium-sized businesses(SMBs). Website http://www.insightsquared.com Transaction Type Venture Equity Transaction Amount $4,500,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms … Continue reading “InsightSquared Lands $4,500,000 Series A Financing Round”

Bradford Networks Garners $3,000,000 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=049be201-15c9-4b80-8916-c49acc0f495a&Preview=1 Date 5/15/2012 Company Name Bradford Networks Mailing Address 162 Pembroke Road Concord, NH 03301 Company Description Bradford Networks is dedicated to solving the security challenges facing institutions, enterprises and government by developing innovative network access control products and services that deliver automated security solutions by leveraging existing network infrastructures. Website http://www.bradfordnetworks.com … Continue reading “Bradford Networks Garners $3,000,000 Series C Funding Round”

Traackr Secures $557,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a52ac88-3a8e-4ebf-82b6-d7cdcd63c698&Preview=1 Date 5/15/2012 Company Name Traackr Mailing Address 288 Norfolk St Cambridge, MA 02139 Company Description The company provides an online service that allows users to measure online influence of other people. Website http://www.traackr.com Transaction Type Debt Transaction Amount $557,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory … Continue reading “Traackr Secures $557,000 New Financing”

Xconomy Editor Luke Timmerman a Finalist for Loeb Award

Anyone in business journalism knows full well the power of the Gerald Loeb Awards for Distinguished Business and Financial Journalism. Loeb was a founding partner of E.F. Hutton and a noted author and columnist, and the awards he created in 1957 to promote and recognize great writing and reporting for individual investors have become something … Continue reading “Xconomy Editor Luke Timmerman a Finalist for Loeb Award”

Looking to the Future of A New Kind of Science

[This is the third in a series of posts about A New Kind of Science. Previous posts have covered the original reaction to the book and what’s happened since it was published. This post first appeared on Wolfram’s blog—Eds.] Today ten years have passed since A New Kind of Science (”the NKS book”) was published. But in many … Continue reading “Looking to the Future of A New Kind of Science”

Dead Reckoning: No Smooth Sailing for Startups

Prior to the mid 1700s (and long before the advent of GPS receivers in every smartphone), mariners at sea calculated their position by Dead Reckoning, a process in which you simply assume that whatever course and speed you are on can be straight-lined ahead with a ruler and pencil, day after day, regardless of wind, … Continue reading “Dead Reckoning: No Smooth Sailing for Startups”

InsightSquared Scores $4.5M, Looks to Bring Business Intelligence to the Masses

Finally, a tech company that’s not all about big data. In fact, this one is about lots of little bits of “idiosyncratic, messy data,” says its founder. And it puts those bits together to help small businesses make better decisions and, ultimately, more money. InsightSquared, based in Cambridge, MA, has been fairly quiet in the … Continue reading “InsightSquared Scores $4.5M, Looks to Bring Business Intelligence to the Masses”

ASCO Preview: Eight Cancer Drugs to Watch at the Big Show

The pistons of the biggest publicity engine in cancer R&D will start firing this week. It’s time to behold the annual rite of the American Society of Clinical Oncology (ASCO) meeting, the biggest event for showing off what’s new and interesting in the treatment of cancer. This conference, officially held June 1-5 at McCormick Place … Continue reading “ASCO Preview: Eight Cancer Drugs to Watch at the Big Show”

Vanu Coverage Garners $3,200,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=280070d7-c4c5-4fc1-8016-831ce2cecce9&Preview=1 Date 5/14/2012 Company Name Vanu Coverage Mailing Address 150 Cambridgepark Drive Cambridge, MA 02140 Company Description Vanu Inc.’s wireless technology grew out of research in radio software at MIT which led to the development of the company’s Anywave software radio, designed to scale up or down to deliver radio frequency coverage … Continue reading “Vanu Coverage Garners $3,200,000 New Financing Round”

EMC’s Acquisition of XtremIO Is Flashpoint in New Storage Wars

Why did one of Massachusetts’ biggest companies just spend more than $400 million on an Israeli tech firm with no products and no revenue? It’s all about the flash. EMC, the Hopkinton, MA-based data storage giant (NYSE:[[ticker:EMC]]), confirmed it has acquired Israeli flash-storage startup XtremIO in an all-cash transaction. Media reports put the price of … Continue reading “EMC’s Acquisition of XtremIO Is Flashpoint in New Storage Wars”

Boston Life Sciences News From Vertex, Eleven, RXi, & More

News of financings, clinical developments, hires, and IPO moves came out of New England life sciences companies this week. —Cambridge, MA-based Vertex Pharmaceuticals revealed promising data showing it could potentially reach more cystic fibrosis patients by combining its treatment ivacaftor (Kalydeco) with an experimental drug called VX-809. The company plans to advance the combination regimen into … Continue reading “Boston Life Sciences News From Vertex, Eleven, RXi, & More”

Touch Press, the iPad, and the New Golden Age of Multimedia

Back in 2008 (exactly 180 columns ago, in fact) I wrote an elegy for the CD-ROM. If you’re under the age of 30, you probably won’t know what I’m talking about, but there was a brief span of time in the mid-1990s—after the emergence of personal computers powerful enough to handle multimedia content, but before … Continue reading “Touch Press, the iPad, and the New Golden Age of Multimedia”

New Tech City: Has NYC Passed Boston in Mobile and Web Innovation?

On Wednesday, New York-based Center for an Urban Future, a policy think tank, released a report surveying the city’s digital startup scene, and its conclusion was rather dramatic: New York has surpassed Boston in tech leadership, the center says. “In 2006, I wouldn’t have put New York anywhere on the map [of leading tech hubs],” … Continue reading “New Tech City: Has NYC Passed Boston in Mobile and Web Innovation?”

Amara Obtains $1,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8bfe64bb-49af-42a6-b818-2889ab687f44&Preview=1 Date 5/11/2012 Company Name Amara Mailing Address Undisclosed Providence, RI 02804 Company Description Amara gives individuals, communities, and larger organizations the power to overcome accessibility and language barriers for online video. The tools are free and open source and make the work of subtitling and translating video simpler, more appealing, and, … Continue reading “Amara Obtains $1,000,000 New Funding”

Cellceutix Garners $1,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a8e919e5-0566-42ca-a7cc-8af87f2d01f1&Preview=1 Date 5/11/2012 Company Name Cellceutix Mailing Address 100 Cumming Center Beverly, MA 01915 Company Description Cellceutix Corporation is an emerging bio-pharmaceutical company in the business of developing small molecule therapies in areas of unmet medical need. Our primary efforts are in cancer and inflammatory disease. We intend to spend most of … Continue reading “Cellceutix Garners $1,000,000 New Financing”

Modo Labs, One Year Into Kurogo, Talks Mobile and Education Tech Trends

Lately there has been a lot of talk about education technology in these parts. For example, MIT and Harvard are about to put more classes online with their new, $60 million edX partnership. But are universities really taking advantage of the latest tech trends? Though they were early adopters of the Web, they seem to … Continue reading “Modo Labs, One Year Into Kurogo, Talks Mobile and Education Tech Trends”

Xconomist of the Week: Len Schlesinger on Learning by Doing

Are successful entrepreneurs born with an innate sense that tells them which risky business bets will pay off? Or is this a skill that that can be learned over time? To Babson College President and Xconomist Leonard “Len” Schlesinger, the answer to both questions is yes. There are occasional business prodigies like Steve Jobs who … Continue reading “Xconomist of the Week: Len Schlesinger on Learning by Doing”

A Doctor’s-Eye View of Silicon Valley

What was a geeky doctor like me doing on an MIT Sloan entrepreneurship and innovation trek in Silicon Valley back in March? That was the big question, given that I’m 37 years old, trained as an anesthesiologist, and only started using a Twitter account a couple of weeks ago. Going on that tour was almost like … Continue reading “A Doctor’s-Eye View of Silicon Valley”

Jumptap, Mobext, and Razorfish Talk Ad Strategy at Mobile Media Upfront

The rabbit-like spread of smartphones and tablets offers marketers a personal way to reach consumers, but the industry is still sorting out how best to harness this platform. Much like the rise of online advertising, caution and curiosity framed the early days of mobile advertising. Brands might push ads or apps on to smartphones, but … Continue reading “Jumptap, Mobext, and Razorfish Talk Ad Strategy at Mobile Media Upfront”

Citrix Systems Acquires Virtual Computer for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f3ff658-0769-4caa-bfb6-601944ec8ef5&Preview=1 Date 5/10/2012 Company Name Virtual Computer Mailing Address 3 LAN Drive Westford, MA 01886 Company Description Virtual Computer was founded in November, 2007 by virtualization and security veterans, Alex Vasilevsky and Dan McCall, who each have over 25 years of industry experience. Together, they have recruited one of the most experienced … Continue reading “Citrix Systems Acquires Virtual Computer for Undisclosed Sum”

MTLC Mobile Summit: The Next Generation

This conference, focused on the next generation in mobility, has a twist. It will feature so-called knowledge sharing sessions, where attendees and a couple of facilitators will determine the direction of the discussion. Register here to get in on the action.

Acme Packet, Constant Contact, & Terrafugia CEOs Join XSITE on June 14

Here at Xconomy we are gearing up for our biggest event of the year: XSITE (the Xconomy Summit on Innovation, Technology, & Entrepreneurship) on June 14 at Babson College. Tickets have been going fast, but you can still register here. The theme for this year’s event, our fourth annual summertime summit, is Accelerating Innovation. And … Continue reading “Acme Packet, Constant Contact, & Terrafugia CEOs Join XSITE on June 14”

A 10-Point Plan to Stimulate Biotech & the Economy as a Whole

AN OPEN LETTER TO PRESIDENT OBAMA Dear President Obama: As you and the rest of our nation’s leadership grapple with the momentous questions of restoring our collective financial stability and eminence, I am hopeful that some lessons from my background as an immigrant—now naturalized citizen—might prove instructive. The undeniable fact that runs throughout all the … Continue reading “A 10-Point Plan to Stimulate Biotech & the Economy as a Whole”

Facebook and the Opportunity for eCommerce Entrepreneurs

The pieces are in place for Facebook’s IPO next week—not only has the company set its stock price range and updated its Q1 numbers, it has also attempted to de-risk the biggest perceived risk in the first draft of its S-1: exposure to mobile competition. Facebook bought Instagram for $1 billion, which ostensibly will help it approach … Continue reading “Facebook and the Opportunity for eCommerce Entrepreneurs”

SessionM, PlumChoice, Mojo Motors, and More Boston Dealmakers

Plenty of deal activity this week in New England mobile, biotech, Internet, and IT startups. —Newton, MA-based sleep management technology startup Zeo added another $2 million to the $1 million debt financing it raised last fall, according to an SEC filing. It’s now targeting a total round size of $5 million. —Vanu Coverage, a maker of … Continue reading “SessionM, PlumChoice, Mojo Motors, and More Boston Dealmakers”

SessionM Lands $20,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a380d23-76bd-499c-b0ff-ba348661c249&Preview=1 Date 5/9/2012 Company Name SessionM Mailing Address 311 Summer Street First Floor Boston, MA 02210 Company Description SessionM has built a solution that fixes the problem of audience engagement and retention for developers, while delivering exciting new advertising experiences for brands. Website http://www.sessionm.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction … Continue reading “SessionM Lands $20,000,000 Series B Funding Round”

SessionM, Sequoia, Braemar, and Charles River Ventures: A VC Roundup

Catching up on some venture capital news on a rainy Tuesday… —SessionM, a Boston-based mobile advertising startup, has raised $20 million in Series B funding led by Charles River Ventures, according to a report in Dow Jones VentureWire, which put the company’s valuation at around $100 million. The startup’s previous investors include Highland Capital Partners … Continue reading “SessionM, Sequoia, Braemar, and Charles River Ventures: A VC Roundup”

Eleven Biotherapeutics Raises $20M to Advance Dry-Eye Drug

Cambridge, MA-based Eleven Biotherapeutics said today that it has expanded its Series A financing by $20 million, bringing the total raised in the funding round to $45 million. New investor JAFCO joined founding investors Third Rock Ventures and Flagship Ventures in their support of the company, which raised the first part of its Series A … Continue reading “Eleven Biotherapeutics Raises $20M to Advance Dry-Eye Drug”

First Comes The $1,000 genome, Then Comes The $10,000 Analysis

While everyone in the in the world of sequencing has heard this cynical joke, as an industry, the joke is about to be on us. We have focused our time, energy and investment on the ability to sequence the genome in a day, and have largely ignored the computational power required to extract and analyze … Continue reading “First Comes The $1,000 genome, Then Comes The $10,000 Analysis”