Well, we couldn’t go into the holiday season in Boston without a new data storage deal. Nasuni, a cloud storage startup based in Natick, MA, has closed $15 million in Series B financing led by new investor Flybridge Capital Partners. Existing investors North Bridge Venture Partners and Sigma Partners also participated in the round, which … Continue reading “Nasuni Nets $15M Series B to Help Businesses Manage and Access Their Data in the Cloud”
Category: Boston
Nasuni Secures $15,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=db116f66-2111-4382-bc3a-8b824fe636b7&Preview=1 Date 12/20/2010 Company Name Nasuni Mailing Address 313 Speen Street Natick, MA 01760 Company Description Nasuni was founded in 2009 by seasoned executives to deliver a gateway to cloud storage that makes it feasible for more business users. Website http://www.nasuni.com Transaction Type Venture Equity Transaction Amount $15,000,000 Transaction Round Series B … Continue reading “Nasuni Secures $15,000,000 Series B Funding Round”
CaseNET Lands $8,409,054 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d105a58-52c9-4527-b851-d21fe613e76d&Preview=1 Date 12/20/2010 Company Name CaseNET Mailing Address 23 Crosby Drive Bedford, MA 01730 Company Description The company is a developer of care management software for workers’ compensation and health care organizations. Website http://www.casenetinc.com Transaction Type Venture Equity Transaction Amount $8,409,054 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC … Continue reading “CaseNET Lands $8,409,054 New Funding”
LiveWire Gets FoneStarz
Littleton, MA-based LiveWire Mobile announced today that it has bought FoneStarz Media Group, a British supplier of mobile content, in a deal reported to be worth $4 million. LiveWire provides personalized music services and apps for mobile platforms, and said its acquisition of FoneStarz allows its service to reach 400 million users through 40 mobile … Continue reading “LiveWire Gets FoneStarz”
Exit Strategies: Should You Plan for Acquisition or Long-Term Growth?
This event, brought to you by the Software SIG at the MIT Enterprise Forum, will explore the inevitable startup question of exits. Speakers will dish on whether startups should focus on their own long-term growth or eye an acquisition. Register here.
What Does Telehealth Say About Technology Adaptation?
This MIT Enterprise Forum event explores the question of whether good technology is enough to change up a system. It’s looking at it through the lense of telehealth—the process of using telecomm technologies to improve wellness. Those in the healthcare field have been slow to adopt the newest in software, services, and devices, and this … Continue reading “What Does Telehealth Say About Technology Adaptation?”
Tech Tuesday
Come for this informal networking gathering, and have your laptops and demo material ready if you’d like to take part in an ad-hoc show-and-tell session. People from all slices of the technology field will be at this free event. Tell them you’re coming here.
BG Medicine Yanks IPO
BG Medicine, a Waltham, MA-based developer of diagnostics technology, has withdrawn its second attempt at an initial public offering, after the deal failed to price, Dow Jones Newswires reports. Last week the firm set the targeted price range for its 4.75 million share IPO at $13 to $15 per share, giving it the potential to … Continue reading “BG Medicine Yanks IPO”
Krush Founder Gina Ashe, Survivor of Horrific Car Crash, Has New Lease on Startup Life
As an entrepreneur, sometimes it doesn’t matter how much money you raised, from whom, or even what your company is building. Sometimes it just matters that you’re alive. Meet Gina Ashe, the co-founder and CEO of stealthy Internet startup Krush, based in Cambridge, MA. She isn’t talking much about her new business yet, but a … Continue reading “Krush Founder Gina Ashe, Survivor of Horrific Car Crash, Has New Lease on Startup Life”
For Startups, Is Friction Always Bad?
There’s probably nary a Web entrepreneur who hasn’t had a forehead-slapping “Why didn’t I build Groupon?” moment at some point in 2010. Well, I had an experience like that this week, reading Devin Friedman’s superb article “The Viral Me” in the December issue of GQ. It’s all about the Y Combinator venture incubator in Mountain … Continue reading “For Startups, Is Friction Always Bad?”
DARPA Backs Pulmatrix’s Lung Treatment, Adimab Scores More Pharma Partners, Semprus Secures $18M, & More Boston-Area Life Sciences News
New England’s life sciences companies headed into the holiday break with mostly good news. —Syndax Pharmaceuticals reported results from a mid-stage clinical trial which suggest that its lead drug, entinostat, might help lung certain cancer patients with a particular molecular marker live longer. The Waltham, MA-based startup, co-founded by researchers from the Salk Institute for … Continue reading “DARPA Backs Pulmatrix’s Lung Treatment, Adimab Scores More Pharma Partners, Semprus Secures $18M, & More Boston-Area Life Sciences News”
Odin Technologies Acquires Reva Systems for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d2544f45-a717-4554-96eb-1f0da0645698&Preview=1 Date 12/17/2010 Company Name Reva Systems Mailing Address 3 LAN Drive Westford, MA 01886 Company Description Reva Systems develops RFID Network Infrastructure products for the emerging radio-frequency identification (RFID) market. Website http://www.revasystems.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not … Continue reading “Odin Technologies Acquires Reva Systems for Undisclosed Sum”
Cambridge Consultants Develops Hydration App
Cambridge Consultants, the product design and development firm in Cambridge, MA, and Cambridge, UK, says it has developed a bottle with wireless sensors and an associated smartphone app that reminds people when to drink fluids. The “i-dration” bottle is equipped with sensors that can detect external temperature, drinking frequency, and the amount of fluid in … Continue reading “Cambridge Consultants Develops Hydration App”
1366 Gets Another $6M
Lexington, MA-based 1366 Technologies, a developer of silicon wafer technology out to make solar energy cheaper, added $6 million to its Series B round of funding, bringing the financing’s total to $26 million, accorded to an amended SEC filing. In October the firm announced it had raised its second-round financing, thanks to investments from Korea-based … Continue reading “1366 Gets Another $6M”
Inside Project 11 Ventures: A Chat with Katie Rae and Reed Sturtevant
Does the world really need another seed-stage technology investment fund? Maybe not—but Boston entrepreneurs can use all the expertise they can get. That’s where Project 11 Ventures comes into play. In the increasingly crowded field of early-stage tech investing, Project 11, which is co-led by Reed Sturtevant and Katie Rae, is taking a very hands-on … Continue reading “Inside Project 11 Ventures: A Chat with Katie Rae and Reed Sturtevant”
Microsoft and Sentillion: A Progress Report on a Crucial Health IT Acquisition
It was a big day last February when Sentillion, the Andover, MA-based provider of healthcare software, announced its acquisition by Microsoft (NASDAQ: [[ticker:MSFT]]) was complete and that the company and its 110 employees (most of whom are in Massachusetts) would be folded into the technology giant’s Health Solutions Group. The deal (exact terms of which … Continue reading “Microsoft and Sentillion: A Progress Report on a Crucial Health IT Acquisition”
Massachusetts Startups Snag $175M In November, Money Raised For Drugs, Robots, Ice Cream, Bras
Last month, the total dollars Bay State startups brought in slimmed down from October, but there was a harvest of smaller deals. Nearly a third of the month’s equity deals (12 of 37) rang in at under $1 million each. All told, startups in the tech and life sciences raised $174.7 million in equity-based funding, … Continue reading “Massachusetts Startups Snag $175M In November, Money Raised For Drugs, Robots, Ice Cream, Bras”
1366 Technologies Lands $6,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=966befc3-9678-404c-9b50-5e41e554a74f&Preview=1 Date 12/16/2010 Company Name 1366 Technologies Mailing Address 45 Hartwell Avenue North Lexington, MA 02421 Company Description 1366 Technologies is making silicon solar cells competitive with coal. Our goal is to build on the success of multi-crystalline solar cells and manufacturing capacity to accelerate the transition to solar. Our products and … Continue reading “1366 Technologies Lands $6,000,000 Series B Financing”
HeartWare Gets $143.8M in Debt Offering
HeartWare International (NASDAQ:[[ticker:HTWR]]), a Framingham, MA, maker of heart pump implants, said today it has raised $143.8 million in a public offering of convertible notes due in 2017. The firm plans to use the proceeds of the financing for general corporate purposes, including research and development and expansion of its manufacturing capabilities.
EveryScape and Bing Ramp Up 3-D Virtual Tours in Local Search Results
Here’s an interesting snapshot of a small startup working with a tech giant to change how people check out local establishments on the Web—and also how those establishments advertise online. The startup is Newton, MA-based EveryScape, which creates 3-D panoramic tours of restaurants and other businesses from photos of their interiors. The tech giant is … Continue reading “EveryScape and Bing Ramp Up 3-D Virtual Tours in Local Search Results”
Zipcar Pulls in $21M, Adds Case and Mahoney to Board
Zipcar has added big money and big-name board members to its fleet, according to two different company announcements today. The Cambridge, MA-based car-sharing service said it has raised a $21 million Series G financing, with Meritech Capital Partners leading with a $20 million investment and Pinnacle Ventures contributing $1 million. It also added a big corporate … Continue reading “Zipcar Pulls in $21M, Adds Case and Mahoney to Board”
BG Medicine Eyes $70M IPO, Nano-Terra Picks Up $17.2M, Rive Technology Raises $25M, & More Boston-Area Deals News
Lots of nice deals to report this week from New England’s tech and life sciences sectors. —E-mail archiving provider Sonian indicated to the SEC that it had raised $4 million in an equity offering that could total $9 million. Previous backers of the Needham, MA-based firm include Prism VentureWorks and Summerhill Venture Partners. —BG Medicine … Continue reading “BG Medicine Eyes $70M IPO, Nano-Terra Picks Up $17.2M, Rive Technology Raises $25M, & More Boston-Area Deals News”
Adimab Adds Genentech, Lilly, and Human Genome Sciences to Growing List of Partners
Adimab has made its name for assembling a high-profile roster of Big Pharma partners that use its technology to discover new antibody drugs. Today, the Lebanon, NH-based company is announcing a new batch of partners—Genentech, Eli Lilly (NYSE:[[ticker:LLY]]), and Human Genome Sciences (NASDAQ:[[ticker:HGSI]])—which add greater heft to co-founder and CEO Tillman Gerngross’s argument that his … Continue reading “Adimab Adds Genentech, Lilly, and Human Genome Sciences to Growing List of Partners”
Q&A on Startups and Investing Strategy with Massachusetts Clean Energy Center’s “State Angel” Arif Padaria
It’s tough out there for angel investors and venture capitalists—not to mention entrepreneurs scrambling for money so they can build the next big thing. Nothing surprising there, but it’s especially true in cleantech and energy, where the exit market has not yet matured, and the process of building early-stage companies is as thorny as ever. … Continue reading “Q&A on Startups and Investing Strategy with Massachusetts Clean Energy Center’s “State Angel” Arif Padaria”
Zipcar Receives $21,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e6b67f76-1913-42de-8437-c4db6d7f599b&Preview=1 Date 12/15/2010 Company Name Zipcar Mailing Address 25 First Street 4th Floor Cambridge, MA 02141 Company Description Zipcar, the Web-based car-sharing service, Zipcars are as ubiquitous as ATMs. Z2B (business) and personal drivers alike are loving the freedom and cost savings a Zipcar brings to their life – many have even … Continue reading “Zipcar Receives $21,000,000 New Funding Round”
Report: Allurent Shuts Down
Cambridge, MA-based Allurent, an online-shopping software startup, has closed down sometime in the past month, according to a report in the Boston Globe. The article says the company was in discussions with a potential acquirer until the end. Xconomy first reported on Allurent back in 2007, when the startup had just closed financing from Polaris … Continue reading “Report: Allurent Shuts Down”
Life Technologies Debuts Ion Torrent Machine, Next Big Bet on Fast, Cheap Sequencing
Life Technologies turned heads four months ago with a bold acquisition of one of the hot startups in the field of faster/cheaper gene sequencing, and now it says the new product is ready for prime time. The Carlsbad, CA-based company (NASDAQ: [[ticker:LIFE]]) said today it has started selling what it calls the Ion Personal Genome … Continue reading “Life Technologies Debuts Ion Torrent Machine, Next Big Bet on Fast, Cheap Sequencing”
SensorLogic Finds $5M, New CFO
Boston-based SensorLogic said today that it has brought in $5 million in funding from its existing investors, and hired a new CFO, Brian Alton. The deal was led by Sevin Rosen Funds and Boston Millennia Partners, with participation from UPS Strategic Enterprise Fund and Covera Ventures. SensorLogic, which provides cloud-based platforms to help customers deploy applications … Continue reading “SensorLogic Finds $5M, New CFO”
Rive Technology Raises $25M to Help Refineries Squeeze More Fuel Out of Oil
This is one of the bigger cleantech bets around Boston as of late. Cambridge, MA-based Rive Technology said today it has scored $25 million in Series C financing led by new investor Blackstone Group. Rive’s existing investors Charles River Ventures, Advanced Technology Ventures, and Nth Power also participated in the round, which brings Rive’s total … Continue reading “Rive Technology Raises $25M to Help Refineries Squeeze More Fuel Out of Oil”
CloudBees Gets Stax
CloudBees, a maker of cloud-based platforms for Java computing and development, announced it has acquired Seattle-based Stax Networks, for an undisclosed sum. CloudBees, which recently emerged from stealth mode and is setting up its headquarters in Boston, raised a $4 million Series A financing last month, led by Matrix Partners. Stax provides Java application platforms … Continue reading “CloudBees Gets Stax”
Nano-Terra Takes in $17.2M for Nanotech Development
Nano-Terra appears to have taken in its largest round of financing in the five-year history of the nanotechnology development firm. The Cambridge, MA-based startup has raised $17.2 million in an equity and rights funding round, according to an SEC filing. (CB Insights previously posted this news on its blog.) Nano-Terra‘s CEO, Myer Berlow, and its … Continue reading “Nano-Terra Takes in $17.2M for Nanotech Development”
Pulmatrix Pulls in $5.7M DARPA Grant to Develop Drug Against Respiratory Threats
Pulmatrix might have just the defense for soldiers against respiratory invaders. Now the Lexington, MA-based biotech firm has won a $5.7 million grant to advance its technology that originated at MIT and Harvard for defense purposes. The Defense Advanced Research Projects Agency (DARPA), part of the U.S. Department of Defense, awarded the firm the grant … Continue reading “Pulmatrix Pulls in $5.7M DARPA Grant to Develop Drug Against Respiratory Threats”
RelayRides Hits The Ground In San Francisco, With Money From Google Ventures and August Capital
Roughly six months ago, a new alternative to car ownership came to the Cambridge area. RelayRides took the idea of car-sharing service Zipcar a bit further; rather than renting out cars from its own managed fleet, it set up a system for borrowing cars from individual car owners whose vehicles were dormant during the day. … Continue reading “RelayRides Hits The Ground In San Francisco, With Money From Google Ventures and August Capital”
RelayRides Garners New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f66aa0c7-879f-4be5-99c9-3b477bbcb1be&Preview=1 Date 12/14/2010 Company Name RelayRides Mailing Address 222 3rd St. Cambridge, MA 02141 Company Description The company operates a website and service that allows users to share automobiles. Website http://www.RelayRides.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes The company will be launching its service in the … Continue reading “RelayRides Garners New Financing Round”
Nano-Terra Obtains $17,227,966 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fd4f470b-2a28-4ed8-a9d0-8aba51f55a41&Preview=1 Date 12/14/2010 Company Name Nano-Terra Mailing Address 790 Memorial Dr. Cambridge, MA 02139 Company Description Founded in early 2005, Nano-Terra is a nano- and micro-technology development company headquartered in Cambridge, Massachusetts, USA. We commercialize our technology platform and the know-how of our people in strategic partnerships with large national and international … Continue reading “Nano-Terra Obtains $17,227,966 New Funding Round”
Mass Customization: Massachusetts’ Hidden Tech Cluster
There’s a crop of companies in the area using technology to bring consumers customized goods. This events hopes to spotlight those, with several quick-hit presentations by startups in the space, and a panel highlighting the customization field in Massachusetts. Companies featured include Gemvara, CustomMade, and FashionPlaytes. Register here.
CloudCamp Boston
This event is more on the informal, “unconference” side of things. Users, developers, and vendors in the cloud computing space are encouraged to show up and dish their thoughts in a series of open discussions throughout the afternoon and evening. Register online.
Dynamic Women Running Dynamic Startups
This panel will take a look at the female presence in tech startups in the area, and what can be done to further it. The panel includes area entrepreneurs such as Pixability’s Bettina Hein and Practically Green’s Susan Hunt Stevens. Register here.
$5.25M Series B For 8D
8D World, a Woburn, MA-based video game developer, announced today that it has raised a $5.25 million Series B round of funding, from new investor Mizuho Capital, of Japan, and return backers Spark Capital and Gobi Partners. 8D is the maker of World Wiz Online, a virtual world for English-as-a-foreign/second language students. The company said … Continue reading “$5.25M Series B For 8D”
Sanofi Extends Deadline for Genzyme Offer
The French drug giant Sanofi-Aventis is giving Cambridge, MA-based Genzyme’s (NASDAQ:[[ticker:GENZ]]) stockholders until January 21, or six more weeks, to accept its buyout offer of $69 per share, Reuters and other news outlets reported this morning. Sanofi’s previous deadline for its offer to acquire shares of Genzyme, the largest biotech company in Massachusetts, was last … Continue reading “Sanofi Extends Deadline for Genzyme Offer”
Thermo Fisher Buys Dionex for $2.1B
Waltham, MA-based Thermo Fisher Scientific (NYSE: [[ticker:TMO]]), a provider of products and services for scientific research labs, will buy all outstanding shares of Dionex, for a total of $2.1 billion in cash, the companies announced today. Thermo will pay $118.50 per share for Sunnyvale, CA-based Dionex (NASDAQ: [[ticker:DNEX]]), a maker of liquid chromatography and sample … Continue reading “Thermo Fisher Buys Dionex for $2.1B”
Semprus Scores $18M More to Help Improve Medical Devices
It’s a big day for a local MIT spinoff. Cambridge, MA-based Semprus BioSciences said it has closed $18 million in Series B equity financing, led by new investors SR One (the venture capital arm of drug giant GlaxoSmithKline) and Foundation Medical Partners. Existing investors 5AM Ventures and Pangaea Ventures also participated in the round, which … Continue reading “Semprus Scores $18M More to Help Improve Medical Devices”
V.i. Labs’ Technology Could Turn Software Pirates Into Paying Customers, for Software Vendors Big and Small
The best solution to software piracy isn’t shutting down the offenders, but finding out who they are, says Michael Goff, marketing director at V.i. Labs. The Waltham, MA-based company makes software for other software vendors to find out who’s using—and misusing—their product, and to turn them into paying customers. V.i. was started in 2002 and … Continue reading “V.i. Labs’ Technology Could Turn Software Pirates Into Paying Customers, for Software Vendors Big and Small”
Semprus BioSciences Lands $18,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4be38726-c37e-4327-89c3-74264edfce98&Preview=1 Date 12/13/2010 Company Name Semprus BioSciences Mailing Address One Kendall Street Building 1400 1st Floor Cambridge, MA 02139 Company Description Semprus BioSciences is a venture-backed biotechnology company developing functional surfaces to prevent medical device complications. Our initial product development efforts are focused on the first implantable and permanently antimicrobial surface technology. … Continue reading “Semprus BioSciences Lands $18,000,000 Series B Round”
Mass Impact 2.0
Becker College is looking to make Masschusetts better known for its video gaming companies. This bash is out to spark a statewide development plan for supporting the video game and interactive digital media design and development space. RVSP to [email protected] if you’re interested in attending.
MIT Enterprise Forum of Cambridge: Startup Clinic with CaringWise and BodiMojo
The MIT Enterprise Forum of Cambridge is focusing on health-centered websites, with this installment of the startup clinic. The panel of Health IT entrepreneurs and investors will look at CaringWise, a web and mobile platform for housing caregiving data, and BodiMojo, a health-focused social website for teens. Register online.
Molecular Insight Announces Ch. 11, Restructuring
Cambridge, MA-based drug developer Molecular Insight Pharmaceuticals (NASDAQ: [[ticker:MIPI]]) announced today that it has filed for chapter 11 bankruptcy protection, and will reorganize with a $45 million financing commitment from private investment firm Savitr Capital. The investment comes as common stock at $0.45 per share, and is subject to Molecular Insight emerging from the corporate … Continue reading “Molecular Insight Announces Ch. 11, Restructuring”
BG Medicine Reveals IPO Plans
Waltham, MA-based diagnostics company BG Medicine revealed its plans for a 4.75 million-share initial public offering, at a price range of $13 to $15 per share, according to documents filed with the SEC. UBS Investment Bank will act as the sole book-running manager for the deal, which could raise up to $71.25 million for the … Continue reading “BG Medicine Reveals IPO Plans”
5×5 Big Ideas Forum: Photo Gallery
Thanks again to all who helped make Xconomy’s “5×5: Five Cities, Five Big Tech Ideas” forum a smash hit this week. I wrote up a quick recap with a few takeaways from the event here. Now it’s time for the pictures. We heard keynote talks from Boston-area innovation stalwarts Bill Warner and Bob Metcalfe (the … Continue reading “5×5 Big Ideas Forum: Photo Gallery”
At a Confab in Phoenix, Lamenting (and Inventing) the Future of News
What do we mean by “the news”? As recently as 20 years ago, the answer was pretty clear—it was whatever the media establishment was telling us. There were well-worn models for packaging news (in printed newspapers or half-hour broadcasts) and paying for it (through advertising and, to a lesser extent, subscriptions). There were sharply defined … Continue reading “At a Confab in Phoenix, Lamenting (and Inventing) the Future of News”