Akiban Technologies Receives $3,154,075 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=71dbc5f5-ea23-4331-b8ff-82ec2efee5e9&Preview=1 Date 4/7/2011 Company Name Akiban Technologies Mailing Address 580 Harrison Avenue Boston, MA 02118 Company Description Akiban, Inc., a Boston-based startup, is developing a database virtualization solution that enables effortless scalability of a database across nodes, both within the enterprise and in the cloud. Based on our patent-pending architecture, we have … Continue reading “Akiban Technologies Receives $3,154,075 New Financing”

Alnylam Responds to Tekmira Suit

Alnylam Pharmaceuticals (NASDAQ: [[ticker:ALNY]]), the Cambridge, MA-based developer of RNA interference drugs, said today it has filed a legal response and counterclaim against Vancouver, BC-based Tekmira Pharmaceuticals, which accused Alnylam last month of misappropriating trade secrets. Alnylam president Barry Greene said in a statement that the company plans to “fully defend itself.”

Optimer Inks Potential $47.5M-Plus Deal with Cubist to Help Sell Antibiotic

On the heels of a favorable FDA advisory panel vote on its experimental antibiotic, San Diego-based Optimer Pharmaceuticals (NASDAQ:[[ticker:OPTR]]) says today that Cubist Pharmaceuticals (NASDAQ:[[ticker:CBST]]) has agreed to help sell the drug in the U.S. The deal calls for Lexington, MA-based Cubist to co-promote the Optimer antibiotic, fidxomicin (Dificid), for two years; the drug is … Continue reading “Optimer Inks Potential $47.5M-Plus Deal with Cubist to Help Sell Antibiotic”

From Aprigo to CloudLock: Data Protection Startup Talks Strategy Shift, New Name

Do we really need another tech company with “cloud” in its name? Apparently the answer is yes. But Waltham, MA-based CloudLock offers lessons far beyond the merits of its name. The company, formerly known as Aprigo, has officially changed its product focus as well as its moniker. All told, this is an interesting snapshot of … Continue reading “From Aprigo to CloudLock: Data Protection Startup Talks Strategy Shift, New Name”

Phreesia Keeps Data Digital When Patients Check In

The United States is investing billions of dollars to get doctors to use electronic health records for patients at their practices. Why then, Phreesia CEO Chaim Indig asks, are patients being handed the same old clipboards with papers to fill out when they arrive for appointments? New York-based Phreesia, which Indig co-founded in 2005, aims … Continue reading “Phreesia Keeps Data Digital When Patients Check In”

Jumptap Grabs $20M, EMC Buys NetWitness, Txteagle Ties Down $8.5M, & More Boston-Area Deals News

This week we continued to see big financings for mobile technology firms, and acquisitions in the software, cleantech, and life science spaces. —Movik Networks, a Littleton, MA-based maker of products for helping mobile devices more speedily load Internet content, raised $25 million in a Series C financing. The round was led by new investor Oak Investment … Continue reading “Jumptap Grabs $20M, EMC Buys NetWitness, Txteagle Ties Down $8.5M, & More Boston-Area Deals News”

Come Celebrate 65 Years of Venture Capital in America: Xconomy’s VC65 Blowout at MIT Tomorrow

We are down to the wire, and up to some 900 guests and counting. That’s the expected attendance at tomorrow’s VC65 event celebrating the 65th anniversary of the birth of venture capital in America—and 65 years of innovation in how to help support great entrepreneurs. Get your tickets and see the full agenda here. This … Continue reading “Come Celebrate 65 Years of Venture Capital in America: Xconomy’s VC65 Blowout at MIT Tomorrow”

Txteagle Lands $8.5M, Led by Spark Capital, for Smarter Mobile Messaging

The mobile hits keep coming—though I guess “mobile” is officially redundant in the tech world now. Boston- and San Francisco-based Txteagle, which makes a mobile-messaging platform for developing markets, has raised $8.5 million in Series A financing led by Spark Capital in Boston. The company’s other seed investors, Flywheel Ventures, RBC Venture Partners, Qualcomm Ventures, … Continue reading “Txteagle Lands $8.5M, Led by Spark Capital, for Smarter Mobile Messaging”

Cubist Settles Key Litigation

Lexington, MA-based Cubist Pharmaceuticals (NASDAQ:[[ticker:CBST]]) said late yesterday afternoon that it has settled patent litigation related to its only marketed drug, the antibiotic daptomycin (Cubicin), with Teva Pharmaceutical. The companies’ agreement enables Teva to market a generic version of the antibiotic in the U.S. as early as December 24, 2017 under a license from Cubist, … Continue reading “Cubist Settles Key Litigation”

Tom Maniatis, Molecular Biology Pioneer, Seeks to Help Build a Kendall Square in NYC

Tom Maniatis doesn’t fit the profile of a typical New York economic booster, who is usually a politician or big-time businessman. Maniatis is one of the pioneers of modern molecular biology, who wrote a definitive how-to manual on genetic engineering in the early 1980s. He spent 30 years at Harvard University and co-founded one of … Continue reading “Tom Maniatis, Molecular Biology Pioneer, Seeks to Help Build a Kendall Square in NYC”

Movik, Fresh With $25M and Telecom Vet as CEO, Looks to Connect with Carriers to Speed Up Internet Content on Mobile Devices

Last week news hit that Littleton, MA-based mobile IT startup Movik Networks scored $25 million in a Series C financing, so I caught up with CEO John St. Amand to figure out just what the company is going to do with all that money. The company, founded in 2007, develops hardware boxes for wireless operators … Continue reading “Movik, Fresh With $25M and Telecom Vet as CEO, Looks to Connect with Carriers to Speed Up Internet Content on Mobile Devices”

Txteagle Lands $8,500,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d25f06fa-f2a0-4a7d-b2b1-acf0473be520&Preview=1 Date 4/5/2011 Company Name Txteagle Mailing Address 36 Gloucester St. Boston, MA 02115 Company Description txteagle helps global organizations learn, educate and grow in emerging economies by leveraging the power of the mobile phone. Through a network of over 2.1 billion mobile phone subscribers across almost 100 developing countries, txteagle leverages … Continue reading “Txteagle Lands $8,500,000 Series A Financing”

BSX Buys S.I. Therapies

Natick, MA-based medical devices firm Boston Scientific (NASDAQ: [[ticker:BSX]]) paid $5.13 million in cash last November to acquire Israel-based S.I. Therapies, according to a report in the Israel business publication Globes. The Natick firm could pay a total of $24.3 million for S.I., a developer of a re-entry cardiac catheter, if certain milestones are reached. … Continue reading “BSX Buys S.I. Therapies”

Christoph Westphal Leaving GSK’s SR One to Focus on Longwood Founders Fund

[Update: 3:12 pm ET] Christoph Westphal, the Boston-based biotech mover/shaker, is leaving GlaxoSmithKline (NYSE: [[ticker:GSK]]) later this year to focus on Longwood Founders Fund and other business interests, according to a press release this morning. Westphal is currently president of SR One, GSK’s venture capital arm. London-based GSK is also an investor in Longwood Founders … Continue reading “Christoph Westphal Leaving GSK’s SR One to Focus on Longwood Founders Fund”

EMC Buys NetWitness to Bolster RSA Security

Consider this the latest round in the Boston-area data security war. Hopkinton, MA-based EMC (NYSE: [[ticker:EMC]]), the data storage giant, said today it has acquired NetWitness, a Virginia-based network security company. Financial terms weren’t given, but EMC says the deal is not expected to have a material impact on the firm’s revenue or earnings per … Continue reading “EMC Buys NetWitness to Bolster RSA Security”

Forerun, Smarterer Raise New Venture Rounds to Aid Doctors, Job Seekers

Catching up on a couple of small Boston-area company financings, while we wait to hear from mobile-ad firm Jumptap on what’s up with its latest $20 million (or something) equity round. —Waltham, MA-based Forerun, a maker of patient-charting software for doctors in emergency departments, said it has raised $2 million in Series C financing led … Continue reading “Forerun, Smarterer Raise New Venture Rounds to Aid Doctors, Job Seekers”

The World’s Most Social City Meets Social Media: Why One Hot Investor Thinks New York Is on Fire as a Tech Startup Hub

It’s no secret to anyone looking at venture activity that New York has blossomed over the past few years as a startup mecca. Riding a wave of investments in Web , media, and advertising startups, the city has recently climbed past Boston to become the second greatest center (after the Bay Area) of high-tech deal … Continue reading “The World’s Most Social City Meets Social Media: Why One Hot Investor Thinks New York Is on Fire as a Tech Startup Hub”

Xconomy Expands to New York—the Country’s Hottest Hub of Tech Startups and Entrepreneurship

Every time I visit the Big Apple, a line from Stevie Wonder’s Living for the City flashes in my mind: “New York, just like I pictured it, skyscrapers and everything.” But my mental picture of New York has evolved dramatically in the last few years—not the skyscrapers part, of course, but the “everything” that’s going … Continue reading “Xconomy Expands to New York—the Country’s Hottest Hub of Tech Startups and Entrepreneurship”

Biotechies Need to Get Serious About Antibiotics, Where There is Money to Be Made

There are lots of exceptions to the rules in the biotech business, and a big one jumped out me this past week, related to antibiotics. One day, Reuters ran a story about the overall abysmal state of the world’s pipeline of new antibiotics. Next day, there were reports about how San Diego-based Optimer Pharmaceuticals appears … Continue reading “Biotechies Need to Get Serious About Antibiotics, Where There is Money to Be Made”

FRX Polymers Garners $1,682,147 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91e1757e-0d07-49d9-9604-64e96bff1885&Preview=1 Date 4/4/2011 Company Name FRX Polymers Mailing Address 200 Turnpike Road Chelmsford, MA 01824 Company Description Welcome to FRX Polymers (FRX), the clear choice for Flame Retardancy. Our polymers are fully transparent, high flowing and due to their high phosphorus content, are inherently non-burning. FRX Polymers is developing Homopolymers and Copolymers … Continue reading “FRX Polymers Garners $1,682,147 New Financing Round”

JumpTap Garners $19,999,982 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=80ec32c5-cd4c-4066-bfc6-f29de19e945e&Preview=1 Date 4/2/2011 Company Name JumpTap Mailing Address 10 Canal Park 5th Floor Cambridge, MA 02141 Company Description JumpTap, Inc. provides wireless carriers with an end-to-end, carrier-branded mobile search solution that drives third-party revenue for mobile operators while providing a quick, easy and fun mobile search experience for subscribers. Website http://www.jumptap.com Transaction … Continue reading “JumpTap Garners $19,999,982 New Funding Round”

Jumptap Takes In $20M More for Mobile Ads

The mobile company financings continue around town. Cambridge, MA-based Jumptap, a mobile advertising software firm, has raised about $20 million in equity financing out of a total offering of $27.9 million, according to an SEC filing today. The investors in the round were not disclosed, and Jumptap hasn’t confirmed the funding amount yet. We’ll update … Continue reading “Jumptap Takes In $20M More for Mobile Ads”

New York City and Boston: The Entrepreneurial Dream Team

Far too much has been written about Boston versus New York City. Sports rivalries and cultural differences have a way of coloring our world view to include startup companies and venture capital. However, the past few years tell about a much closer relationship. The real story is Boston and New York City, particularly versus Silicon … Continue reading “New York City and Boston: The Entrepreneurial Dream Team”

No April Fools: A Rundown of Babson, BU, Tufts, Harvard, and MIT Business Plan Contests

Besides snow and rain (and other April Fool’s jokes), ‘tis the season for business plan competitions around Boston. You might know all about MIT’s $100K contest and Harvard Business School’s equivalent, but there’s a lot more going on out there—and a lot of talented young people vying for a taste of entrepreneurial success. Here’s a … Continue reading “No April Fools: A Rundown of Babson, BU, Tufts, Harvard, and MIT Business Plan Contests”

Gmail Fail: The Problem with Priority Inbox

I was not one the pundits who heaped immediate praise on Priority Inbox, an e-mail management feature that Google added as an option in Gmail last August. TechCrunch instantly labeled it “fantastic,” TheNextWeb called it “outstanding,” and Venturebeat said it “lives up to the hype.” I was hopeful about it, but cautious. Having been burned … Continue reading “Gmail Fail: The Problem with Priority Inbox”

OfficeDrop Digs Up $1M for Filing, Scanning

Cambridge, MA-based OfficeDrop said today it has raised $1 million in angel financing led by New York-based White Owl Capital. The startup, formerly called Pixily, makes digital filing and scanning software that connects to cloud storage applications such as Evernote, Dropbox, and Google Docs. OfficeDrop was founded in 2007 and is led by CEO and … Continue reading “OfficeDrop Digs Up $1M for Filing, Scanning”

Vertex CF Drug Delivers, Follica Patent Application Reveals Tech, RXi Buys Apthera, & More Boston-Area Life Sciences News

This week we’ve seen news of acquisitions and funding, as well as longer articles on strategy and research moves for New England’s life sciences firms. —BL Healthcare, a provider of telemedicine products that is based in Foxboro, MA, has bumped its Series A funding round up to $4.9 million, with another $2 million in equity-, … Continue reading “Vertex CF Drug Delivers, Follica Patent Application Reveals Tech, RXi Buys Apthera, & More Boston-Area Life Sciences News”

OfficeDrop Garners $1,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=18ac8100-76e4-4d51-b80d-0c90c4bcc599&Preview=1 Date 4/1/2011 Company Name OfficeDrop Mailing Address 180 Fawcett St. Cambridge, MA 02138 Company Description OfficeDrop is an award-winning document scanning and document management solution that provides small businesses with affordable way to manage their paper and digital files. At OfficeDrop, we believe that small businesses deserve the same efficiencies in … Continue reading “OfficeDrop Garners $1,000,000 New Funding”

Forerun Secures $2,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=913050d2-50ff-49ff-8532-1396cc164d9e&Preview=1 Date 4/1/2011 Company Name Forerun Mailing Address 1601 Trapelo Road Waltham, MA 02451 Company Description Forerun Inc. is a privately-held, technology company specializing in Emergency Department Information Systems (EDIS). Forerun’s mission is to help the Emergency Department create such high quality of patient care that together we set new standards of … Continue reading “Forerun Secures $2,000,000 Series C Financing Round”

TipTap Secures $1,500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c169d3fb-29ee-43bb-aa4c-d9fdad080332&Preview=1 Date 4/1/2011 Company Name TipTap Mailing Address 222 3rd St. Cambridge, MA 02142 Company Description TipTap personalizes your buying experience by getting to know you and then matching your buying questions to the right people. Website http://www.tiptap.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes … Continue reading “TipTap Secures $1,500,000 New Financing Round”

Nexamp Acquires SolVera Energy for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4de10881-363e-47ed-9f88-84a491c6f901&Preview=1 Date 4/1/2011 Company Name SolVera Energy Mailing Address Undisclosed Boston, MA 02109 Company Description SolVera Energy is a renewable energy development company providing clean energy development and advisory services to the commercial, industrial and utility marketplace. Website http://www.solveraenergy.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial … Continue reading “Nexamp Acquires SolVera Energy for Undisclosed Sum”

Snapshot of a Rising Young Star(Street): Startup Lessons from Jeremy Levine

Entrepreneurs get younger every day. Jeremy Levine was born one month after the ball rolled through Red Sox first baseman Bill Buckner’s legs on that fateful night in Shea Stadium, 1986. Levine probably doesn’t remember the painful 1-15 Patriots of 1990 either. He says his first sports memory was watching the great Larry Bird with … Continue reading “Snapshot of a Rising Young Star(Street): Startup Lessons from Jeremy Levine”

Lessons from Smart Grid Pilot in Canada Can Be Applied to New England

Recently I attended the Boston Smart Grid Forum, where some of the leading “smart grid” minds met to discuss the challenges and opportunities that currently exist. Ontario has been one of the investment leaders in smart grid technology, much of which is being developed through the University of Waterloo. There are a number of similarities … Continue reading “Lessons from Smart Grid Pilot in Canada Can Be Applied to New England”

RXi Buys Apthera, Names New CEO

RXi Pharmaceuticals (NASDAQ: [[ticker:RXII]]), the Worcester, MA-based developer of RNA interference therapies, said today it has agreed to acquire Scottsdale, AZ-based Apthera, a developer of peptide immunotherapies for cancer. Apthera shareholders will get 4.8 million shares of RXi under the deal, plus future considerations based on how Apthera’s NeuVax performs. RXi’s shares were valued at … Continue reading “RXi Buys Apthera, Names New CEO”

Editor’s Picks: Xconomy Boston’s Top 20 Stories of the First Quarter

Grass is growing. Birds are singing. IPOs are filing. And snow is coming tomorrow. In other words, it’s springtime in New England. Every so often, we like to take a breath and look back at some of Xconomy’s top stories from the past few months. These are not necessarily the ones that generated the most … Continue reading “Editor’s Picks: Xconomy Boston’s Top 20 Stories of the First Quarter”

Movik Networks Obtains $25,000,000 Series C Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e05f6675-e4a1-4cd7-b865-793232d7b414&Preview=1 Date 3/31/2011 Company Name Movik Networks Mailing Address One Monarch Drive Littleton, MA 01460 Company Description Movik Networks is headquartered near Boston, MA and has an R&D group in Bangalore, India. The company is focused on delivering purpose-built solutions that bring content and application awareness to the edge of the mobile … Continue reading “Movik Networks Obtains $25,000,000 Series C Round”

AlloStem Therapeutics Secures $75,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91ca5f02-2385-469b-b654-429d4a269416&Preview=1 Date 3/31/2011 Company Name AlloStem Therapeutics Mailing Address 400 Farmington Avenue Farmington, CT 06032 Company Description AlloStem Therapeutics was formed to develop, and out-license, a novel class of MEK inhibitors represented by the lead compound CIP-1374. Website http://www.allostem.com Transaction Type Venture Equity Transaction Amount $75,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “AlloStem Therapeutics Secures $75,000 New Round”

Alphachromics Receives $40,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67213308-e698-4684-9810-5392d76f6e1e&Preview=1 Date 3/31/2011 Company Name Alphachromics Mailing Address Undisclosed Farmington, CT 06032 Company Description The company develops conductive polymer technologies. Website Undisclosed Transaction Type Venture Equity Transaction Amount $40,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Connecticut Innovations

Gemvara Grabs $15M, RueLaLa Spins Off, Mobiquity Launches With $5M, & More Boston-Area Deals News

New England’s tech firms inked a bunch of deals this past week. Here are a few of them. —Gemvara raised $15 million in a Series C funding round led by London-based Balderton Capital and joined by return investors Highland Capital Partners and Canaan Partners. The Lexington, MA-based online jewelry customization startup, which has now raised … Continue reading “Gemvara Grabs $15M, RueLaLa Spins Off, Mobiquity Launches With $5M, & More Boston-Area Deals News”

RatePoint Names New CEO from Carbonite

Needham, MA-based RatePoint, a marketing and reputation management company, said yesterday it has appointed Keith Cooper as president and CEO. Cooper was most recently president and chief operating officer at Boston-based Carbonite, the online data backup firm. RatePoint started in 2006, and its investors include Prism VentureWorks, .406 Ventures, and Castile Ventures. The company provides … Continue reading “RatePoint Names New CEO from Carbonite”

Follica Sheds More Light on Hair Re-Growth Invention

There’s been some buzz on the Web in recent weeks about Follica’s technology for treating one of the most common maladies of aging in men—male pattern baldness. The company, which got its start in offices of PureTech Ventures in Boston in 2006, sheds some light on its internal research in a patent application, published March … Continue reading “Follica Sheds More Light on Hair Re-Growth Invention”

Yes, Now That Stranger Across the Bar Can Text You. No, It’s Not As Scary As It Sounds, Says Mobile App Developer PoKos

Imagine a world where you can point your phone at the people you’re interested in talking to, and a message magically appears on their phones, regardless of whether you’ve ever spoken to them before or actually have their digits in your possession. (Heaven forbid you actually talk to them face to face.) Now, imagine there’s … Continue reading “Yes, Now That Stranger Across the Bar Can Text You. No, It’s Not As Scary As It Sounds, Says Mobile App Developer PoKos”

EverFi Acquires Outside the Classroom for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20dbd607-c9b0-4be3-98e4-4ceb7164402a&Preview=1 Date 3/30/2011 Company Name Outside the Classroom Mailing Address 250 1st Ave. Needham, MA 02494 Company Description We provide institutional leaders and their students with the information and tools they need to develop well-informed, cost-effective strategies for reducing alcohol-related risk and preventing harm. Website http://www.outsidetheclassroom.com Transaction Type M&A Transaction Amount Undisclosed … Continue reading “EverFi Acquires Outside the Classroom for Undisclosed Sum”

Mobiquity Makes Debut with $5M in VC

Boston-based Mobiquity, a mobile services startup founded by Bill Seibel and Scott Snyder, said today it has raised $5 million in Series A financing led by Longworth Venture Partners and Sigma Partners. The company aims to help big businesses take advantage of growth opportunities in mobile computing via smartphones and tablets (like the Apple iPad). … Continue reading “Mobiquity Makes Debut with $5M in VC”

Vertex CF Drug Shines in Late-Stage Study in Children

Vertex Pharmaceuticals (NASDAQ:[[ticker:VRTX]]) reported today positive results from an ongoing late-stage study of its cystic fibrosis drug, VX-770, that show that the drug is working about as well in children as it did in older patients with the genetic disorder. The Cambridge, MA-based company said that the Phase III study of the drug, which aims … Continue reading “Vertex CF Drug Shines in Late-Stage Study in Children”

Apperian Adds $9.5M from North Bridge, Bessemer, Kleiner Perkins, Looks to Dominate in Enterprise Mobile Apps

It’s a big day for the New England mobile community. Boston-based Apperian, the maker of a software platform for enterprise mobile apps, said it has raised a $9.5 million Series A round from North Bridge Venture Partners, Bessemer Venture Partners, and Kleiner Perkins Caufield & Byers (iFund, focused on Apple iPad and iPhone software). The … Continue reading “Apperian Adds $9.5M from North Bridge, Bessemer, Kleiner Perkins, Looks to Dominate in Enterprise Mobile Apps”