In Zink’s Quest for Inkless Printers, $35M and New Co-CEOs

Bedford, MA-based Zink Imaging said this week it has closed $35 million in Series B financing led by Genii Capital. The company, whose name stands for “zero ink,” is developing technology for inkless digital printers that can be attached to or integrated with cameras, consoles, and other devices. Zink’s technology was conceived at Polaroid Research … Continue reading “In Zink’s Quest for Inkless Printers, $35M and New Co-CEOs”

Qualcomm, uTest, Progress, & Others Inking Boston Deals This Week

Acquisitions and big venture financings made up the deals news for New England-area software and IT companies in the past week. —Retroficiency, a Boston-based maker of energy efficiency software, raised $3.3 million in a funding round from Point Judith Capital and acquired the energy efficiency division of one of the venture firm’s other portfolio companies, … Continue reading “Qualcomm, uTest, Progress, & Others Inking Boston Deals This Week”

Momenta Gets a Steal on Promising Scientific Asset from Once-Hot Virdante

When Cambridge, MA-based Momenta Pharmaceuticals said Monday that it had acquired the scientific assets of neighboring Virdante Pharmaceuticals (NASDAQ: [[ticker:MNTA]]), few paid much attention, perhaps because of the deal’s small size. Momenta paid just $4.5 million up front, plus  additional milestone payments that could reach $51.5 million over time. But it appears that Momenta is … Continue reading “Momenta Gets a Steal on Promising Scientific Asset from Once-Hot Virdante”

Vertical Performance Partners Receives $1,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=748fcee0-3a74-408a-bc0d-c5558b4d947e&Preview=1 Date 12/7/2011 Company Name Vertical Performance Partners Mailing Address 126 Union Street Providence, RI 02903 Company Description Vertical Performance Partners is a Performance Lifecycle Management company that leverages cutting edge mobile technologies to help organizations elevate their human performance in order to achieve higher results. Website http://www.verticalpp.com Transaction Type Venture Equity … Continue reading “Vertical Performance Partners Receives $1,500,000 New Round”

25 Photos from Xconomy’s 6×6: Six Cities, Six Big Tech Ideas

What exactly does 6×6 come out to? A half-day of understanding a bit more about how geniuses run companies; listening to innovators share new ways to tackle Web publishing, marketing, travel search, cloud IT, unmanned aerial vehicles, and more; and catching on to new startups. Oh, plus some very high-quality networking. That’s what we saw … Continue reading “25 Photos from Xconomy’s 6×6: Six Cities, Six Big Tech Ideas”

Progress Software, Led by New CEO, Buys Corticon

Some interesting news from the business software world today. Bedford, MA-based Progress Software has acquired decision management firm Corticon of Redwood City, CA. Terms of the deal weren’t announced, but the companies said Corticon’s business rules engine will be integrated into Progress’s responsive process management software package. Mark Allen, the founder and CEO of Corticon, … Continue reading “Progress Software, Led by New CEO, Buys Corticon”

Biogen Idec Boosts Biogenerics Strategy With $300M Samsung Joint Venture

[Updated 12/6/11 10:35 am. See below.] Today Biogen Idec (NASDAQ: [[ticker:BIIB]]) and Seoul, Korea-based conglomerate Samsung announced that they are teaming up to develop and market biosimilars—low-cost versions of biotech drugs that are losing their patent protection. The two companies will form a joint venture, based in Korea, which will be funded by $255 million from … Continue reading “Biogen Idec Boosts Biogenerics Strategy With $300M Samsung Joint Venture”

Lean Startups? I Prefer Mine Phat

I read the book and found it quite enjoyable. And with all due respect to Eric Ries and all of the VCs out there chasing lean startups, I recognized one simple truth. I still like my startups Phat. A phat startup aims to solve a very big, very difficult problem that will transform an industry. … Continue reading “Lean Startups? I Prefer Mine Phat”

It Takes a Village to Raise a Biotech Startup: Highlights from the Tweetchat

Carol Gallagher, the former CEO of Calistoga Pharmaceuticals, is glad to see Gilead Sciences spending billions on acquiring a new drug for hepatitis C, rather than spending billions on stock buybacks. And Jason Rhodes, the chief business officer of Epizyme, borrowed a line from Hillary Clinton, on how “it takes a village” to raise a … Continue reading “It Takes a Village to Raise a Biotech Startup: Highlights from the Tweetchat”

While Politicians Fight, Entrepreneurs Focus on “Smart Health”

A new decade of “smart health” arrived in 2011. Granted, it wasn’t always easy to discern – what with the noisy background of healthcare legal challenges and political one-upmanship. Fortunately, even while various policies continue to be ironed out, a set of resilient entrepreneurs have been busy making sure we get smarter about our health. … Continue reading “While Politicians Fight, Entrepreneurs Focus on “Smart Health””

Abine Battles for Consumers’ Online Privacy in Post-Facebook Era

How annoying is the Web? I’m not talking about the nonstop distractions, the social-media window into human stupidity, or even the endless pop-up ads that block your view of the screen. I’m talking about the utter loss of privacy that most consumers have suffered online, yet rarely think about. Sure, the Web is a net … Continue reading “Abine Battles for Consumers’ Online Privacy in Post-Facebook Era”

Zink Imaging Garners $35,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9ef21487-5c43-40ef-b807-2608d939fcae&Preview=1 Date 12/6/2011 Company Name Zink Imaging Mailing Address 16 Crosby Drive Bedford, MA 01730 Company Description ZINK Imaging, Inc., a privately held company, was founded to enable millions of customers to enjoy the magic of ZINK Zero Ink products. A new and simpler approach to printing, ZINK Technology shifts the printing … Continue reading “Zink Imaging Garners $35,000,000 Series B Financing Round”

Join Us at 3 pm ET/Noon PT for Tweetchat on Biotech Startups

Quick reminder for those of you on Twitter to join us for a live chat at 3 pm Eastern/Noon Pacific on the state of biotech startups. Carol Gallagher (@carol_gallagher) and Jason Rhodes (@JasonPaulRhodes) are the featured guests, who will field questions on how biotech startups can make it at a time when biotech venture capital … Continue reading “Join Us at 3 pm ET/Noon PT for Tweetchat on Biotech Startups”

Actifio Gets Active With $33.5M Led by Andreessen Horowitz

Actifio is growing like a weed—just like the data it tries to help companies tame—and it has just raised one of the bigger Boston-area tech financing rounds of the year. The Waltham, MA-based data management startup said today it has closed $33.5 million in Series C funding led by new investor Andreessen Horowitz. Previous investors … Continue reading “Actifio Gets Active With $33.5M Led by Andreessen Horowitz”

EnVivo Posts Positive Trial of Schizophrenia Drug

Watertown, MA-based EnVivo Pharmaceuticals presented results from a Phase 2b study of its schizophrenia compound, EVP-6124, today at the American College of Neuropsychopharmacology meeting in Hawaii. The drug demonstrated statistically significant improvements in cognitive function—the study’s main endpoint—the company said in a statement. Improvements were also observed in so-called negative symptoms of the disease—the inability … Continue reading “EnVivo Posts Positive Trial of Schizophrenia Drug”

Dave Balter Joins Nicole Stata’s Boston Seed Capital as VC Fund Ramps Up

The Boston ecosystem for tech startup investing just got a little more active. Boston Seed Capital said today it has hired Dave Balter, the CEO of BzzAgent, as a venture advisor (see photo, right). Balter joins Peter Blacklow from Worldwinner, now executive vice president of digital for GSN, as a top advisor to the fund. … Continue reading “Dave Balter Joins Nicole Stata’s Boston Seed Capital as VC Fund Ramps Up”

UTest, Boosted by Surge in Mobile App Development, Inks $17M

UTest, a Southborough, MA-based startup that crowdsources testing for software applications, said today that it has raised a $17 million Series D financing, at a company valuation that more than doubled since uTest’s last funding round 15 months ago. Baltimore, MD-based QuestMark Partners led the investment, which also included all existing uTest investors: Scale Venture … Continue reading “UTest, Boosted by Surge in Mobile App Development, Inks $17M”

Steve Jobs’s Dying Realization About Biology and Technology

Take a guess who made the following statement: “I think the biggest innovations of the 21st century will be at the intersection of biology and technology. A new era is beginning.” A. Bill Gates B. Steve Jobs C. Paul Allen The comment has gotten little attention in the last few weeks, but it jumped off … Continue reading “Steve Jobs’s Dying Realization About Biology and Technology”

iPubSci: An Alternative to Unaffordable Science Journals

Advances in the biomedical sciences are highly dependent upon researchers having a clear understanding of the current state of knowledge. This information is primarily acquired by having access to the scientific literature via professional journals and, less commonly, books. Unfortunately, this body of literature has not only expanded greatly over the past few decades, most … Continue reading “iPubSci: An Alternative to Unaffordable Science Journals”

uTest Receives $17,000,000 Series D Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=baf6ebfa-7843-44f9-932b-3872e51b90fc&Preview=1 Date 12/5/2011 Company Name uTest Mailing Address 153 Cordaville Rd Southborough, MA 01772 Company Description uTestTM is revolutionizing traditional software testing by introducing the first global marketplace for software application testing coupled with a Pay Per Bug business model. Website http://www.utest.com Transaction Type Venture Equity Transaction Amount $17,000,000 Transaction Round Series … Continue reading “uTest Receives $17,000,000 Series D Funding”

VCharge Garners $1,900,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c97bd21-bacd-42bf-a185-4a9d125da79b&Preview=1 Date 12/5/2011 Company Name VCharge Mailing Address 90 Lesson Lane Newton, MA 02459 Company Description VCharge uses decentralized, market-based principles to enable residential electric heaters, electric cars, and other transactive loads with embedded storage to engage in rapid demand response. VCharge technology brings real value to utilities, grid operators, and end … Continue reading “VCharge Garners $1,900,000 New Round”

InfraReDx Secures $10,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f8eda43c-924c-4d75-9faa-bb5f8d448c9d&Preview=1 Date 12/5/2011 Company Name InfraReDx Mailing Address 34 Third Avenue Burlington, MA 01803 Company Description The company has now developed a fiber-optic, catheter-based, near infrared (NIR) spectroscopy system designed to characterize the composition of coronary plaques in patients undergoing catheterization. This NIR system is currently being evaluated in a clinical study. … Continue reading “InfraReDx Secures $10,000,000 New Financing”

ActiFio Garners $33,500,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=158a9632-77e7-461c-9bec-fe7ad6ce81bb&Preview=1 Date 12/5/2011 Company Name ActiFio Mailing Address 19 Lanes End Weston, MA 02493 Company Description ActiFio is delivering a paradigm shift in the complexity and cost of IT storage ecosystem. Website http://actifio.appspot.com Transaction Type Venture Equity Transaction Amount $33,500,000 Transaction Round Series C Proceeds Purposes Actifio plans to use the funds … Continue reading “ActiFio Garners $33,500,000 Series C Financing”

Infinity, Idera, Civitas, & More Boston-Area Life Sciences Headlines

Medical device makers, drug developers, charity foundations, and health IT startups rounded out the New England life sciences news pot this week. —Cambridge, MA-based MedicalRecords.com is raising $500,000 to put toward the development of its website, which connects sellers of electronic medical records software with doctors looking to adopt the technology. —Rib-X Pharmaceuticals, a New … Continue reading “Infinity, Idera, Civitas, & More Boston-Area Life Sciences Headlines”

WeVideo Makes Cloud Video Editing Look Like Kids’ Stuff

Video editing software is way too hard to use. At least, that seems to be what most consumers think. It explains why most of the videos you’ll find on YouTube and other video sharing sites are so raw, with no cuts, titles, or other effects. Apparently, people have a hard enough time just getting video … Continue reading “WeVideo Makes Cloud Video Editing Look Like Kids’ Stuff”

Join Us for a Tweetchat Monday on Biotech Startups

[Update: 10:50 am PT] Biotech VCs had their chance to vent on Twitter last week about the sad state of affairs in financing startups, and now it’s time for the entrepreneurs to take their turn. So we’re bringing together a couple of top biotech startup executives, Carol Gallagher and Jason Rhodes, to share their thoughts … Continue reading “Join Us for a Tweetchat Monday on Biotech Startups”

RaNA Therapeutics Secures $2,660,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a8e68987-f9a2-4191-8a3c-45137754fe5c&Preview=1 Date 12/2/2011 Company Name RaNA Therapeutics Mailing Address 25 First Street Cambridge, MA 02141 Company Description RaNA was initially named IncRNA Inc., possibly a reference to intergenic non-coding RNA, the RNA that doesn’t make proteins but still performs a cellular function. Website Undisclosed Transaction Type Venture Equity Transaction Amount $2,660,000 Transaction … Continue reading “RaNA Therapeutics Secures $2,660,000 New Round”

Queralt Receives $150,000 Seed Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e7ddebc2-fbf8-451a-8360-d7378bf2829c&Preview=1 Date 12/2/2011 Company Name Queralt Mailing Address 250 State Street North Haven, CT 06473 Company Description Using Queralt’s iQ3 Asset Tracking System, information about critical organizational assets is only a mouse-click away. Our iQ3 Asset Tracking Systems feature a real-time dashboard, a powerful analytics engine, and user-configurable notifications and alerts, all … Continue reading “Queralt Receives $150,000 Seed Financing Round”

Qualcomm Picks Up Pixtronix

Pixtronix, an Andover, MA-based maker of low-power displays, has been acquired by San Diego tech giant Qualcomm (NASDAQ: [[ticker:QCOM]]), according to Scott Kirsner’s Innovation Economy blog. Terms of the purchase weren’t disclosed, but the report cites a price range of $175-200 million, based on sources close to the deal. A source of mine confirmed the … Continue reading “Qualcomm Picks Up Pixtronix”

Xconomist of the Week: 5 Questions with Sapphire Energy CEO Jason Pyle

November was a big month for news in the algae-based biofuels sector. On November 7, roughly four months after renewable fuels were approved for use in commercial aviation, United Airlines flew passengers from Houston to Chicago aboard a Boeing 737-800 powered by a mixture of algae-based jet fuel and conventional, petroleum-based fuel. Two days later, … Continue reading “Xconomist of the Week: 5 Questions with Sapphire Energy CEO Jason Pyle”

Xconomy’s 6X6 Big Tech Ideas Forum This Afternoon: 5 Tickets Left

A mini-invasion of tech companies hits Boston today. The clock is counting down for 6×6: Six Cities, Six Big Tech Ideas, Xconomy’s forum this afternoon that features one cool tech company from each of the six cities in our network. The legendary computer scientist Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, kicks things off with … Continue reading “Xconomy’s 6X6 Big Tech Ideas Forum This Afternoon: 5 Tickets Left”

Game Lab, From Bocoup and Atlas, Looks to Fund Open Web Game Developers

Big video games studios are a bit old school, with everything from game design, production, execution, and financing done in house, says Boaz Sender, a JavaScript programmer at the Boston-based Web consulting firm Bocoup. But they’re about to go the way that the old Hollywood movie studios did, he says, by outsourcing many of the … Continue reading “Game Lab, From Bocoup and Atlas, Looks to Fund Open Web Game Developers”

Harvard Bioscience Tool Used in First Transplants of Synthetic Tracheae

How does a 110-year-old medical device company end up on the cutting edge of regenerative medicine? The answer: A little innovation and a lot of persistence. That formula paid off this week for Holliston, MA-based Harvard Bioscience (NASDAQ: [[ticker:HBIO]]). On Monday, the company announced that a product it makes called the InBreath Bioreactor was featured … Continue reading “Harvard Bioscience Tool Used in First Transplants of Synthetic Tracheae”

Qualcomm Acquires Pixtronix for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a2daeb0a-3a3d-4c3a-8a72-b0ddbf63f9ad&Preview=1 Date 12/1/2011 Company Name Pixtronix Mailing Address 100 Burtt Road Andover, MA 01810 Company Description Pixtronix is an emerging display company developing portable display technology optimized specifically for mobile multimedia devices. The Pixtronix mission is to develop, manufacture, and market the world’s highest optical performance, lowest power consumption display modules. Website … Continue reading “Qualcomm Acquires Pixtronix for Undisclosed Sum”

Inform Genomics Receives New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=15e52c03-cddb-42db-b005-153a33f1ac04&Preview=1 Date 12/1/2011 Company Name Inform Genomics Mailing Address 75 State Street 9th Floor Boston, MA 02110 Company Description Our vision is to transform individual patient care & drug development with our predictive pharmacogenomic platform of products. Website http://www.informgenomics.net Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Inform … Continue reading “Inform Genomics Receives New Round”

A123 Lays Off 125 Staff at Michigan Plants

Waltham, MA-based A123 Systems (NASDAQ: [[ticker:AONE]]), the lithium-ion battery maker, has laid off about 125 employees at its manufacturing facilities in Livonia and Romulus, MI. The news originally broke the week of Thanksgiving and was reported by media outlets including the Observer & Eccentric and Crain’s Detroit Business. The layoffs are apparently the result of … Continue reading “A123 Lays Off 125 Staff at Michigan Plants”

You’ll Be Dead Soon-Carpe Diem

Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything—all external expectations, all pride, all fear of embarrassment or failure—these things just fall away in the face of death, leaving only what is truly important. —Steve Jobs Watching an … Continue reading “You’ll Be Dead Soon-Carpe Diem”

Retroficiency Reels In $3.3M, Buys Nexamp’s Energy Efficiency Division

A Boston cleantech-software startup is making some noise today in a burgeoning market. Retroficiency announced it has raised $3.32 million in new financing led by Point Judith Capital. As part of the deal, the startup has acquired the energy efficiency division of Nexamp, a North Andover, MA-based solar power producer that is also backed by … Continue reading “Retroficiency Reels In $3.3M, Buys Nexamp’s Energy Efficiency Division”

Rib-X, Skyhook, Michael J. Fox Foundation & More Boston-Area Deals News

The holiday weekend didn’t seem to slow New England deals making down. —MedicalRecords, a Cambridge, MA-based startup connecting doctors with sellers of health record software, is working on raising its first outside funding round. It’s got about 60 percent of a targeted $500,000 round committed, from investors like Ty Danco and Peter Bordes. —New Haven, … Continue reading “Rib-X, Skyhook, Michael J. Fox Foundation & More Boston-Area Deals News”

Objective Logistics Moves to Cambridge, Gets $1.5M from Atlas and Google Ventures for Restaurant Tech

Phil Beauregard is hungry. His scrappy startup, Objective Logistics, is hungry, too. Good thing they are in the restaurant business. Actually, the truth is they want to turn the restaurant business upside down. But in a good way (if you believe them). OK, I’ve avoided the G-word for as long as possible. Beauregard and company … Continue reading “Objective Logistics Moves to Cambridge, Gets $1.5M from Atlas and Google Ventures for Restaurant Tech”

SepSensor Secures $1,005,123 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=989cb026-7dab-46a9-91fe-019dccdb4a03&Preview=1 Date 11/30/2011 Company Name SepSensor Mailing Address 257 Simarano Drive Northborough, MA 01752 Company Description SepSensor Inc. is a startup company employing low cost, patented sensing technologies for determining the depths of stratified liquid and solid layers in tanks. SepSensor probes are wireless and can be installed in both new and … Continue reading “SepSensor Secures $1,005,123 New Financing”

Objective Logistics Garners $1,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cdbf65bb-2155-4af2-82d6-1b06f6675032&Preview=1 Date 11/30/2011 Company Name Objective Logistics Mailing Address 195 Binney St Cambridge, MA 02142 Company Description Objective Logistics is gamifying the workplace. We are a retail/restaurant-focused software company that provides an artificially-intelligent, web-accessible labor management platform (MUSE) scientifically proven to increase sales and save managers countless hours of precious time. Website … Continue reading “Objective Logistics Garners $1,500,000 New Financing”

Retroficiency Lands $3,300,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=196f7150-c37c-463b-83bb-c49748a7da65&Preview=1 Date 11/30/2011 Company Name Retroficiency Mailing Address 580 Harrison Ave Boston, MA 02118 Company Description Retroficiency reduces time and expense for ESCOs, facilities managers and other professionals in evaluating energy efficiency measures throughout the audit process. Website http://www.retroficiency.com Transaction Type Venture Equity Transaction Amount $3,300,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Retroficiency Lands $3,300,000 New Round”

A Computer That Knows How You Feel? See Roz Picard’s Affectiva Demo at 6×6 Thursday

Step right up, ladies and gentlemen, and behold…the eighth wonder of the world. No, not King Kong, I’m afraid. But how about a computer that can read and interpret human emotions and mental states? That would be from Affectiva, a Boston-area startup co-founded by Roz Picard, a 20-year veteran of the MIT Media Lab. Picard … Continue reading “A Computer That Knows How You Feel? See Roz Picard’s Affectiva Demo at 6×6 Thursday”

Infinity Pharmaceuticals Snags $50M Extension From Mundipharma

Cambridge, MA-based Infinity Pharmaceuticals has found a way to secure more than $50 million for its R&D programs, through an extension of its partnership with Mundipharma. Infinity (NASDAQ: [[ticker:INFI]]) said today that Mundipharma has committed more than $50 million in 2013 to the development of drug candidates from Infinity’s pipeline, including IPI-145, a molecule designed … Continue reading “Infinity Pharmaceuticals Snags $50M Extension From Mundipharma”

VMTurbo Revs Up With $10M More from Bain, Highland

Waltham, MA-based VMTurbo, a maker of virtualization management software, said today it has closed $10 million in Series B financing led by previous investors Bain Capital Ventures and Highland Capital Partners. The company says it will use the new money to expand its product development, customer support, sales, and marketing. It has raised $17.5 million … Continue reading “VMTurbo Revs Up With $10M More from Bain, Highland”

Skyhook and Symantec Team Up on Anti-Theft Service for Devices

Anti-theft technology for mobile devices just got smarter. Boston-based Skyhook Wireless announced today that its location-finding software has been deployed by Mountain View, CA-based Symantec (NASDAQ: [[ticker:SYMC]]) in its new Norton Anti-Theft Web service. Financial details weren’t given, but the arrangement will put Skyhook’s software on more devices over a broader range of applications—namely, security. … Continue reading “Skyhook and Symantec Team Up on Anti-Theft Service for Devices”

Alkermes Spinoff, Civitas, Gets Michael J. Fox Support for Inhalable Parkinson’s Drug

For decades, people with Parkinson’s disease have been taking L-dopa pills to keep symptoms of the neurodegenerative disease under control. But now the Michael J. Fox Foundation is betting that a new form of the drug can be inhaled into the lungs to provide fast relief when the old standby isn’t getting the job done. … Continue reading “Alkermes Spinoff, Civitas, Gets Michael J. Fox Support for Inhalable Parkinson’s Drug”