According to published reports by BetaBeat, TechCrunch and others, New York group-buying deals site BuyWithMe has laid off about 100 people today—about half of its staff—and is seeking a buyer. BuyWithMe, which started in Boston and has offices there, is backed by Bain Capital Ventures and Matrix Partners. BuyWithMe’s CEO Jim Crowley issued the following … Continue reading “BuyWithMe Slashes Staff, Reportedly Looking for a Buyer”
Category: Boston
How the iPhone Got Tail Fins—Part 2 of 2
Read part 1 of this post for background. By the early 1920s General Motors realized that Ford, which was now selling the Model T for $290, had an unbeatable monopoly on low-cost automobile manufacturing. Other manufacturers had experimented with selling cars based on an image and brand. (The most notable was an ad by the … Continue reading “How the iPhone Got Tail Fins—Part 2 of 2”
Catabasis Begins Human Trials of Omega-3-Inspired Diabetes Treatment
After Jill Milne and Michael Jirousek left their positions at Sirtris Pharmaceuticals in 2008, they decided to pursue a titillating but still largely unproven idea: that fighting inflammation might help control Type 2 diabetes. On October 5, their startup, Cambridge, MA-based Catabasis Pharmaceuticals, began to test that theory in humans for the first time, with … Continue reading “Catabasis Begins Human Trials of Omega-3-Inspired Diabetes Treatment”
Cisco Scoops Up BNI Video for $99M, Moves Deeper Into TV
The West Coast roll-up of Boston-area tech companies continues. On the heels of Oracle’s acquisition of Endeca this week, networking and communications giant Cisco Systems said today it plans to acquire Boxborough, MA-based BNI Video for $99 million in cash and retention-based incentives. Cisco is one of the startup’s investors. The deal is expected to … Continue reading “Cisco Scoops Up BNI Video for $99M, Moves Deeper Into TV”
The Social Network for Cars: Test of the Nation’s First Wireless Collision Avoidance System
A Boston-area security tech company and the University of Michigan are involved in one of the most ambitious—and potentially controversial—transportation projects of our time. It could have major impact on federal legislation, and almost everyone you know. Picture this: You’re driving in your car, approaching an intersection. Maybe you’re speeding a little, going 40 mph … Continue reading “The Social Network for Cars: Test of the Nation’s First Wireless Collision Avoidance System”
Xconomist of the Week: Joe Chung Says Redstar Ventures Is Creating Companies for “the TechCrunch Crowd’s Mothers”
“There’s sort of an infinite number of good ways to start a company,” says Xconomist Joe Chung. “One of the fundamental rules in startups is that there really aren’t any rules.” But the serial entrepreneur has some pretty specific plans for how his new creation will pop out startups. That would be Cambridge, MA-based Redstar … Continue reading “Xconomist of the Week: Joe Chung Says Redstar Ventures Is Creating Companies for “the TechCrunch Crowd’s Mothers””
Yale Gets Serious About Entrepreneurship
At a university best known for turning out captains of industry and Wall Street hedge fund magnates, Yale is now focusing more attention on nurturing its entrepreneurs. At last week’s inaugural Yale Entrepreneurs Conference, organizers put out a call to alumni to join the efforts of the Yale Entrepreneurial Institute and others to foster entrepreneurship … Continue reading “Yale Gets Serious About Entrepreneurship”
LED Company EcoSense, Flush With $13M From Bain Capital Ventures, Eyes Expansion
Things are looking brighter for New York’s EcoSense Lighting, which on Tuesday said it raised $13 million in a Series B round led by Bain Capital Ventures in Boston. Jeffrey Glass, managing director of Bain, says his firm was attracted to the experience of EcoSense’s management in the LED lighting sector. EcoSense, founded in 2009 … Continue reading “LED Company EcoSense, Flush With $13M From Bain Capital Ventures, Eyes Expansion”
Cisco Systems Acquires BNI Video for $99,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ac9fb759-3ebc-429a-a1e1-a149e9e9b82b&Preview=1 Date 10/20/2011 Company Name BNI Video Mailing Address 1300 Massachusetts Ave. Boxborough, MA 01719 Company Description BNI is dedicated to developing the tools and services that video service providers (VSPs) in the cable, telecommunications and wireless industries need to compete in an increasingly on-demand world. Website http://www.bninet.tv Transaction Type M&A Transaction … Continue reading “Cisco Systems Acquires BNI Video for $99,000,000”
H@cking Medicine
Hacking isn’t just about the Internet and computers. It’s about improving healthcare, too. That’s the purpose of the Hacking Medicine conference, produced by the MIT Entrepreneurship Center, which aims “to bring together the most excited and innovative thinkers in the Boston area and come out at the end with actionable projects and passionate teams.” Move fast. “We’re capping … Continue reading “H@cking Medicine”
Xconomy Xchange: The Genetics Institute Impact
Genetics Institute is one of those names from the original biotech boom of the early 1980s that faded from the headlines a long time ago. But 15 years after GI was acquired by Wyeth (now part of Pfizer), this pioneering Boston biotech company is still causing ripples in the Boston biotech community-having recruited, inspired, and … Continue reading “Xconomy Xchange: The Genetics Institute Impact”
Xconomy Forum: 6X6: Six Cities, Six Big Tech Ideas
For the second straight year, one potentially disruptive company will be on hand from each of Xconomy’s cities—Boston, New York, Detroit, San Diego, San Francisco, and Seattle—to provide these feature presentations in highly interactive sessions. We are also cooking up a few bonus appearances and special talks. This will be a compelling event for anyone … Continue reading “Xconomy Forum: 6X6: Six Cities, Six Big Tech Ideas”
EMC Isilon Adding 200 Jobs at Seattle Hub, Already Outgrowing New Offices
Big-data company EMC plans to add 200 jobs at its Seattle-based Isilon branch through 2012, filling out spacious new offices in the city’s Pioneer Square neighborhood—and leading to another hunt for office space in the not-too-distant future. Add those 200 new jobs to the 430 Isilon workers already in Seattle, and some additional people from … Continue reading “EMC Isilon Adding 200 Jobs at Seattle Hub, Already Outgrowing New Offices”
Amgen Confirms 380 Layoffs in R&D; Cuts Coming to Seattle, SF, Boston
Word came out of Amgen last week that it was looking to overhaul its R&D operations, and today the biotech giant confirmed the overhaul is translating into job cuts for 380 people across the company. Thousand Oaks, CA-based Amgen (NASDAQ: [[ticker:AMGN]]) notified 380 employees internally today that their jobs are being eliminated as part of … Continue reading “Amgen Confirms 380 Layoffs in R&D; Cuts Coming to Seattle, SF, Boston”
Vertex Seeks FDA Green Light for Cystic Fibrosis Drug, Second Potential Hit of Big Year
Cambridge, MA-based Vertex Pharmaceuticals is looking to be more than another one-hit biotech wonder. The company, best known for its drug for hepatitis C introduced earlier this year, is now vying for FDA approval of a second treatment that it hopes will shake up the way physicians treat cystic fibrosis, a deadly genetic disease. Vertex … Continue reading “Vertex Seeks FDA Green Light for Cystic Fibrosis Drug, Second Potential Hit of Big Year”
Uber Hits Boston With Its Tech for Luxurious, On-the-Fly Rides
This is not your average cab company. In fact, it’s not a cab company at all. It’s a tech startup enabling urban luxury car services to function a bit more like cabs, while retaining their swank. It’s called Uber (formerly UberCab but renamed to avoid confusion) and it is up and running in Boston as … Continue reading “Uber Hits Boston With Its Tech for Luxurious, On-the-Fly Rides”
Oracle Scoops Up Endeca, Kleiner Perkins and Google Ventures Back Foundation Medicine, Care.com Collects $25M, & More Boston-Area Deals News
New England’s tech and life sciences companies have been inking deals all over the place this past week. First up, the big surprise… —Cambridge, MA-based Endeca Technologies, an enterprise search and e-commerce company that was founded in 1999, agreed to be acquired by Silicon Valley database and business software giant Oracle. Terms of the deal … Continue reading “Oracle Scoops Up Endeca, Kleiner Perkins and Google Ventures Back Foundation Medicine, Care.com Collects $25M, & More Boston-Area Deals News”
Arteaus, With $18M From Atlas and OrbiMed, Forges Ahead on Migraine-Prevention Drug
Cambridge, MA-based Arteaus Therapeutics is emerging from stealth mode today, announcing it is has raised an $18 million funding round and is developing a molecule licensed from drug giant Eli Lilly (NYSE: [[ticker:LLY]]) to prevent migraine headaches. The financing came from Cambridge, MA-based Atlas Venture and New York-based OrbiMed Advisors. Arteaus was founded in June, says … Continue reading “Arteaus, With $18M From Atlas and OrbiMed, Forges Ahead on Migraine-Prevention Drug”
MoneyTree Report Sees Third-Quarter Slowdown in U.S. Venture Investments
Venture capital firms invested $6.95 billion in 876 deals throughout the United States during the three months that ended Sept. 30, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. The numbers marked a slowdown from the preceding quarter, when venture capitalists put $7.9 billion in 1,015 deals. But look at … Continue reading “MoneyTree Report Sees Third-Quarter Slowdown in U.S. Venture Investments”
Humedica Garners $3,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c6864c6d-b876-4c6d-892c-274606b8123c&Preview=1 Date 10/19/2011 Company Name Humedica Mailing Address 1380 Soldiers Field Rd. Boston, MA 02135 Company Description Humedica is a next-generation health care informatics company that provides novel SaaS-based clinical business intelligence solutions. We connect patient information across varied medical settings and time periods to generate a truly longitudinal and comprehensive view … Continue reading “Humedica Garners $3,000,000 New Financing”
Arteaus Therapeutics Lands $18,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e0400ef7-ca0e-41d5-bd1e-51a22ea949b5&Preview=1 Date 10/19/2011 Company Name Arteaus Therapeutics Mailing Address 25 First Street Cambridge, MA 02451 Company Description Arteaus Therapeutics, LLC, is a Cambridge, Massachusetts-based biotechnology development company focused on creating new therapies for migraine prevention. Website Undisclosed Transaction Type Venture Equity Transaction Amount $18,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “Arteaus Therapeutics Lands $18,000,000 New Funding”
EndoEvolution Secures $3,300,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=81a69f2d-2133-4c56-a8a5-b2faf7da6cdb&Preview=1 Date 10/19/2011 Company Name EndoEvolution Mailing Address 51 Middlesex Street North Chelmsford, MA 01863 Company Description EndoEvolution, LLC, is an emerging medical device company developing next-generation automated suturing devices for minimally invasive surgery (MIS). Website http://www.endo360surgical.com Transaction Type Venture Equity Transaction Amount $3,300,000 Transaction Round Series B Proceeds Purposes The cash … Continue reading “EndoEvolution Secures $3,300,000 Series B Round”
Agenus Rejoices Over Positive Trial of Partner Glaxo’s Malaria Vaccine
Today European drug giant GlaxoSmithKline (NYSE: [[ticker:GSK]]) announced that the prestigious New England Journal of Medicine published results from a late-stage trial of its malaria vaccine, which showed that the vaccine provided significant protection against the disease in young African children. The results were announced in Seattle at a forum hosted by the Bill & … Continue reading “Agenus Rejoices Over Positive Trial of Partner Glaxo’s Malaria Vaccine”
How the iPhone Got Tail Fins—Part 1 of 2
It was the most advanced consumer product of the century. The industry started with its innovators located in different cities over a wide region. But within 20 years it would be concentrated in a single entrepreneurial startup cluster. At first it was a craft business, then it was driven by relentless technology innovation and then … Continue reading “How the iPhone Got Tail Fins—Part 1 of 2”
Endeca to Be Acquired by Oracle; Earth Shifts
Big news out of Boston and the Bay Area today. Oracle, the Silicon Valley database and business software giant, said it has agreed to acquire Endeca Technologies, the Cambridge, MA-based enterprise search and e-commerce tech company. Terms have not been announced, but the deal is expected to close before the end of the year. Endeca … Continue reading “Endeca to Be Acquired by Oracle; Earth Shifts”
Kleiner Perkins, Google Ventures Join Expanded $33.5M Round for Foundation Medicine
Foundation Medicine has added a couple more big names to its roster of investors and partners. The Cambridge, MA-based company, seeking to develop personalized cancer diagnostics based on new understanding of genomics, said today it has added Kleiner Perkins Caufield & Byers and Google Ventures to a Series A financing that now totals $33.5 million. … Continue reading “Kleiner Perkins, Google Ventures Join Expanded $33.5M Round for Foundation Medicine”
Third Rock Launches Sage Therapeutics with $35M Series A and Plan to Tackle Brain Diseases
Can brain disorders be treated more effectively by fine-tuning key receptors in the brain, rather than turning them completely on or off? That’s the question Boston-based Third Rock Ventures’ latest startup, Sage Therapeutics, hopes to answer with a new class of treatments it is developing to treat diseases such as schizophrenia and depression. Third Rock … Continue reading “Third Rock Launches Sage Therapeutics with $35M Series A and Plan to Tackle Brain Diseases”
Ginger.io Raises $1.7M for Mobile Health IT, Rides Wave of MIT Media Lab Startups Trying to Understand People
First of all, the name is Ginger.io, not Gingerd. The latter is how the company was incorporated; but the former is its real name. And real is what Ginger.io is becoming. Since graduating with the most recent class of TechStars Boston startups, the MIT Media Lab spinoff (from professor Sandy Pentland’s research group) has been … Continue reading “Ginger.io Raises $1.7M for Mobile Health IT, Rides Wave of MIT Media Lab Startups Trying to Understand People”
Foundation Medicine Lands Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df95f2ec-45e1-4b3a-b03c-8e6fcb4c4c44&Preview=1 Date 10/18/2011 Company Name Foundation Medicine Mailing Address One Kendall Square Boston, MA 02139 Company Description The trick to beating cancer could be a single test that shows all known genetic traits in each person’s tumor, and that also matches those results to the best treatments. Website http://www.foundationmedicine.com Transaction Type Venture … Continue reading “Foundation Medicine Lands Series A Financing”
Ginger.io Secures $1,700,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b60966dd-94c2-4ee6-89ab-ee342c7664af&Preview=1 Date 10/18/2011 Company Name Ginger.io Mailing Address One Cambridge Center, Cambridge, MA 02139 Company Description Ginger.io says that it believes mobile devices can and will have a significant positive impact on our wellness. Website http://www.ginger.io Transaction Type Venture Equity Transaction Amount $1,700,000 Transaction Round Seed Proceeds Purposes Proceeds purposes were not … Continue reading “Ginger.io Secures $1,700,000 Series A Financing”
Oracle Acquires Endeca Technologies for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dea08115-b2a7-4fe3-8dd7-143374675657&Preview=1 Date 10/18/2011 Company Name Endeca Technologies Mailing Address 101 Main Street Cambridge, MA 02142 Company Description The Endeca Information Access Platform aids information-based problem solving across a wide variety of business processes, including eCommerce, marketing campaign analysis, product design and parts reuse, knowledge management, customer service, and more. Website http://www.endeca.com Transaction … Continue reading “Oracle Acquires Endeca Technologies for Undisclosed Sum”
SAGE Therapeutics Obtains $35,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe26bddf-9347-4d51-95fb-75fdacbc1e55&Preview=1 Date 10/18/2011 Company Name SAGE Therapeutics Mailing Address 29 Newbury St. Boston, MA 02116 Company Description Every therapist at Sage Therapeutics is an independent professional practitioner. They are business owners that succeed solely through the quality and effectiveness of the services they provide. Our practitioners offer personalized service and truly care … Continue reading “SAGE Therapeutics Obtains $35,000,000 Series A Funding”
The Latest Xconomy Report for WGBH: OvaScience, MassChallenge, and Care.com
Xconomy continues to team up with WGBH radio every Friday morning to bring you the Xconomy report, a weekly roundup of business, technology, and life science innovation news and how it’s impacting the local economy. Last week’s report highlighted new technology developed by OvaScience, as well as an update on the MassChallenge competition and a … Continue reading “The Latest Xconomy Report for WGBH: OvaScience, MassChallenge, and Care.com”
Crashlytics, Led by Chang and Seibert, Looks to Win the Wild West of Mobile Bug Reporting
Wayne Chang is a man of mystery. Everyone knows him, yet no one knows him. Even his LinkedIn picture is mysterious. He’s a big-time hacker but not a big talker. He has a handful of secret tech projects and investments going at any time. He’s also been involved in a major lawsuit with the Winklevoss … Continue reading “Crashlytics, Led by Chang and Seibert, Looks to Win the Wild West of Mobile Bug Reporting”
World Energy Buys Northeast Energy, Moves Deeper Into Efficiency
Worcester, MA-based World Energy Solutions (NASDAQ: [[ticker:XWES]]) said today it has acquired Northeast Energy Solutions, an energy efficiency firm based in Cromwell, CT. The purchase price is about $4.75 million in cash, stock, a promissory note, and potential earn-outs. This is the second acquisition in as many months for World Energy, which has been moving … Continue reading “World Energy Buys Northeast Energy, Moves Deeper Into Efficiency”
Genomics 2.0: Ten Years After the Bubble, it’s Getting Really Interesting Again
What do 10,000 people with autism, 50,000 people in some remote islands in the North Atlantic, and 1,000 healthy old folks in southern California have in common? They are on the front edge of one of the most exciting stories in science today, and their contributions will have a huge impact on our long-term understanding … Continue reading “Genomics 2.0: Ten Years After the Bubble, it’s Getting Really Interesting Again”
Bozuko Is Betting on Its Platform for Mobile Consumer Games to Drive Loyalty at Local Businesses
New Boston-area startup Bozuko is working at the intersection of a lot of big trends. Mobile. Gaming. Location-awareness. Software-as-a-service. Marketing promotions. Sound crowded? Company co-founder Jake Epstein says that people would rather play for a smaller chance to win something big than a guaranteed slim discount, and that’s what makes his business different from what’s … Continue reading “Bozuko Is Betting on Its Platform for Mobile Consumer Games to Drive Loyalty at Local Businesses”
NanoSteel Company Receives $16,993,001 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60256ef1-c184-457b-b55a-83134d68abbd&Preview=1 Date 10/17/2011 Company Name NanoSteel Company Mailing Address 272 West Exchange Street Providence, RI 02903 Company Description The NanoSteel Company is an advanced materials company which has created a unique and proprietary portfolio of nanotechnology based and environmentally friendly steel alloys that greatly increase the value of steel in most of … Continue reading “NanoSteel Company Receives $16,993,001 New Funding Round”
iCal or iHAL? Apple and the Terrible, Horrible, No Good, Very Bad Day
Dear Mom: You asked me to write to let you know if I arrived safely in iCloud-land. Well, I’m here and I’m in one piece, although unfortunately some of my things didn’t make it here with me, such as my calendar. It was a pretty hellish journey, I’ll tell you. There were a couple of … Continue reading “iCal or iHAL? Apple and the Terrible, Horrible, No Good, Very Bad Day”
Xconomist of the Week: Appature’s Kabir Shahani Eyes Culture as Company Expands
When it’s time for a scrappy tech startup with a bootstrapped culture to expand its footprint, the conventional thinking might go something like this: Hire young, hungry people who won’t blow through too much of your coin, and hold onto that staff until you absolutely have to take the plunge into grown-up salaries and benefits. … Continue reading “Xconomist of the Week: Appature’s Kabir Shahani Eyes Culture as Company Expands”
Tolerx Shutters, Courtagen Gets $8M, OvaScience Emerges, & More Boston-Area Life Sciences News
We saw stories about New England life sciences companies in a range of stages this week: kicking off, shutting down, and growing. —Cambridge, MA-based biotech Tolerx will be shutting down its operations, after raising a total of more than $150 million from backers like HealthCare Ventures, Skyline Ventures, and Sprout Group. The company’s diabetes drug … Continue reading “Tolerx Shutters, Courtagen Gets $8M, OvaScience Emerges, & More Boston-Area Life Sciences News”
Linkable Networks Obtains New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=986bfbd1-8346-4f57-9936-2eb40140060c&Preview=1 Date 10/14/2011 Company Name Linkable Networks Mailing Address 225 Franklin St. 26th Floor Boston, MA 02110 Company Description Linkable Networks is the bridge between advertisers, consumers, and financial Institutions, delivering to advertisers unprecedented accountability from online, mobile, email, print, TV, and radio advertising through online and in-store purchasing. Consumers receive one-click … Continue reading “Linkable Networks Obtains New Funding”
AlloCure Lands $1,501,500 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=08b682ef-3456-4b4a-bfb3-c7c98018548a&Preview=1 Date 10/14/2011 Company Name AlloCure Mailing Address 25 Corporate Dr. Burlington, MA 01803 Company Description Allocure is poised to be the first company to develop viable cell therapies for the effective treatment of many serious and debilitating medical conditions. AlloCure’s cell therapies represent a novel and proprietary class of biological therapeutics … Continue reading “AlloCure Lands $1,501,500 New Round”
Greenpeace and Michele Bachmann’s Joint Campaign to Stop Science
I took the family to Boston on vacation in September. During the time away, I read Patrick Moore’s book “Confessions of a Greenpeace Dropout: The Making of a Sensible Environmentalist.“ Dr. Moore was one of the original founders of Greenpeace in the 1970s. I heard him speak recently. While he remains a passionate advocate for … Continue reading “Greenpeace and Michele Bachmann’s Joint Campaign to Stop Science”
Tech Tidbits: Black Duck, Care.com, and TwinStrata Raise Funds
Some sizable tech company financings announced in the past day or so. These are mid-stage or growth-stage companies, not early-stage startups: —TwinStrata, a Natick, MA-based data storage and backup company, closed its Series B round at $8 million, led by Avalon Ventures. Xconomy reported on this round in progress back in August. TwinStrata is led … Continue reading “Tech Tidbits: Black Duck, Care.com, and TwinStrata Raise Funds”
Clovr Changes Name to Linkable Networks, Nabs Investment from Citi Ventures to Push Card-Linked Offers
Less than a year after announcing its seed financing, Boston-based Clovr Media is changing its name to Linkable Networks and is adding another big-name investor to its roster. The digital media startup is announcing today that it has received an undisclosed investment from Palo Alto, CA- and Shanghai-based Citi Ventures, a unit of Citigroup. As … Continue reading “Clovr Changes Name to Linkable Networks, Nabs Investment from Citi Ventures to Push Card-Linked Offers”
MassChallenge Matures: Breaking Down the Final 26 Startups & Their Accelerator Experience
[Updated 10/14/11. See below] And then there were 26. Startup teams competing for $1 million in cash prizes, that is. Welcome to the final stage of MassChallenge 2011. MassChallenge, for anyone who doesn’t know, is a Boston-based startup accelerator program now in its second year. It may very well be the world’s largest incubator of … Continue reading “MassChallenge Matures: Breaking Down the Final 26 Startups & Their Accelerator Experience”
Boston Xconomists and Area Innovators Gather for Special Xconomy Event: The Photos
As you may or may not know, it’s not just Xconomy’s staff editors who are powering our website with thoughtful reflections on the happenings in each of our city’s high-tech and innovation communities. We have more or less a dream team of innovators in each city who write for our Xconomist Forum, submitting posts on … Continue reading “Boston Xconomists and Area Innovators Gather for Special Xconomy Event: The Photos”
VC Keeps up Hot Pace, 2011 Could Mark 10-Year Peak, CB Insights Says
Market meltdowns, international turmoil, stubborn unemployment—none of the lingering macro-economic troubles seem to be holding back the momentum for venture investing in 2011, according to a report on third-quarter investments from research firm CB Insights. The latest tally from the firm’s venture capital database shows venture investments reaching $7.9 billion in the quarter across 790 … Continue reading “VC Keeps up Hot Pace, 2011 Could Mark 10-Year Peak, CB Insights Says”
TwinStrata Receives $8,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe9f57a2-35d5-42a2-8681-13470d36880d&Preview=1 Date 10/13/2011 Company Name TwinStrata Mailing Address 24 Prime Pkwy. Natick, MA 01760 Company Description To help companies address the challenges related to protecting and managing the growth of business application data, TwinStrata is delivering on its vision for intelligent storage clouds (ISC) solutions. ISC focus on key business needs for … Continue reading “TwinStrata Receives $8,000,000 Series B Funding”