Impinj, Riding Wave of RFID Resurgence, Looks to Double Sales, Add 20 Employees

As a reporter, you can tell when the innovation economy tide is turning, when a particular sector is rebounding, or when certain companies have turned the corner. How? Because all of a sudden CEOs want to talk on the record, PR people are your best friends, and marketing and real estate guys chat you up … Continue reading “Impinj, Riding Wave of RFID Resurgence, Looks to Double Sales, Add 20 Employees”

Venture Trend Toward Smaller-Size Deals Continues as Survey Shows Big Q3 Funding Surge in Texas, Drop in Massachusetts

Our friends at CB Insights made an early break out of the gate again today with data on venture capital investments in private companies, this time reporting total VC funding of $5.4 billion in 715 deals nationwide for the third quarter that ended Sept. 30. The CB Insights Venture Capital Activity Report shows, though, that … Continue reading “Venture Trend Toward Smaller-Size Deals Continues as Survey Shows Big Q3 Funding Surge in Texas, Drop in Massachusetts”

ImmunoGen Inks $45M Deal With Novartis, Tata Leads $9.5M Sun Catalytix Deal, InfraReDx Gets $21M, & More Boston-Area Deals News

We saw a number of startup financings, acquisitions, and partnership deals in the healthcare IT, cleantech, life sciences, Web, and software spaces this week in New England. —Black Duck Software, a Waltham, MA-based open source software firm, announced that it had purchased Ohloh.net from Geeknet (NASDAQ: [[ticker:GKNT]]) for an undisclosed sum. Black Duck said it … Continue reading “ImmunoGen Inks $45M Deal With Novartis, Tata Leads $9.5M Sun Catalytix Deal, InfraReDx Gets $21M, & More Boston-Area Deals News”

Cerulean Pharmaceuticals Secures $1,499,999 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a090c0a2-9414-46d1-94bd-cabc35b19e4f&Preview=1 Date 10/13/2010 Company Name Cerulean Pharmaceuticals Mailing Address 840 Memorial Drive 5th Floor Cambridge, MA 02139 Company Description Within the field of nanopharmaceuticals, Cerulean Pharma is uniquely focused on a next-generation approach we call Nanobiology. Cerulean’s nanobiology-based drug development is based on a deep understanding of the complex biological microenvironment of … Continue reading “Cerulean Pharmaceuticals Secures $1,499,999 New Funding Round”

Alkermes Gets Drug Approval

Waltham, MA-based biotech firm Alkermes (NASDAQ:[[ticker:ALKS]]) said today that the FDA has approved its extended-release formulation of naltrexone (Vivitrol) for preventing the relapse of opioid drug dependence. The firm’s drug, which is injected once per month, was initially approved for alcohol dependence in 2006. The company will discuss the new approval of the drug during … Continue reading “Alkermes Gets Drug Approval”

$20M for Care.com

Care.com, a Waltham, MA-based firm that operates a website for rating family care services such as babysitters, tutors, and senior care providers, said today it has brought in $20 million in funding. New Enterprise Associates led the financing, which included return backers Matrix Partners and Trinity Ventures. Founded in 2006, Care.com provides ratings on various … Continue reading “$20M for Care.com”

TechWorld 2010

Take a look at the New Hampshire seacoast’s innovation cluster, at this two-day conference. The event will showcase companies that design, develop, and deliver technology. It will offer separate tracks, split up between the technical, business, and education/employment standpoints, in order to more effectively target the different audience members. Register here.

Sonus Gets New CEO

Network technology provider Sonus Networks (NASDAQ: [[ticker:SONS]]) of Westford, MA, announced today that it has brought on Raymond Dolan as president and CEO, effective immediately. The Westford, MA-based company revealed in May that its chief executive  and director Richard Nottenburg planned to step down from his post by March 2011. Dolan has held positions at companies … Continue reading “Sonus Gets New CEO”

InfraReDx Gets $21M to Launch Coronary Imaging System

Burlington, MA-based InfraReDx said today it has raised $21 million in a Series D round of equity financing from new and existing backers. The cash infusion will enable the firm to start U.S. sales of its latest-generation coronary imaging system, which gained FDA clearance this summer. The 12-year-old firm says that its “LipiScan IVUS” system … Continue reading “InfraReDx Gets $21M to Launch Coronary Imaging System”

Architexa Grows Up at MassChallenge, Seeks to Help Developers “Understand” Complex Software

The MassChallenge global startup competition is in full swing. The 110 chosen companies have been pitching their wares over the past few days, trying to make the cut down to the 26 or so that will advance to the next round and compete for a piece of the $1 million prize. Architexa, a three-year-old company … Continue reading “Architexa Grows Up at MassChallenge, Seeks to Help Developers “Understand” Complex Software”

FashionPlaytes Raises $4M More, Goes for Billion-Dollar Customized Clothing Idea

Score another one for the “She-E-Os,” the Boston-area support network for female chief executives. And more specifically for Sarah McIlroy, a member of the group. McIlroy’s startup, Salem, MA-based FashionPlaytes, said today it has raised an additional $4 million, bringing its Series A round to $5.8 million. New investor Fairhaven Capital led the round and … Continue reading “FashionPlaytes Raises $4M More, Goes for Billion-Dollar Customized Clothing Idea”

BNI Video Reveals Software That Could Better Enable Cable Companies to Compete With Internet Video Providers

With so many options for finding, managing, and viewing video available today, from Netflix to Hulu to Boxee, the traditional cable TV interface is starting to look a little old-fashioned. Boxborough-MA-based BNI Video says it has software that could help cable operators out of that bind. Cable companies have become increasingly sophisticated in the types … Continue reading “BNI Video Reveals Software That Could Better Enable Cable Companies to Compete With Internet Video Providers”

Quick Hit Obtains $2,471,131 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff090055-7327-4cfa-bbee-325c2d8596ac&Preview=1 Date 10/12/2010 Company Name Quick Hit Mailing Address 16 Chestnut St. Foxborough, MA 02035 Company Description QUICKHIT NFL Football is a free-to-play online football game where you coach and manage your own NFL team! Website http://www.quickhit.com Transaction Type Venture Equity Transaction Amount $2,471,131 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “Quick Hit Obtains $2,471,131 New Round”

InfraReDx Obtains $21,000,000 Series D Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f217aa6a-e129-4aab-8f43-93eec1c5d6ff&Preview=1 Date 10/12/2010 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 Obtains $21,000,000 Series D Round”

Shape Pharmaceuticals Receives $3,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d980416d-433a-48cf-8634-7713280d387a&Preview=1 Date 10/12/2010 Company Name Shape Pharmaceuticals Mailing Address 55 Cambridge Pkwy. Cambridge, MA 02142 Company Description The company operates as a pharmaceutical company. Website Undisclosed Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

Care.com Garners $20,000,000 Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d67ecc5f-c8df-4185-b5d6-9ccd35d67efc&Preview=1 Date 10/12/2010 Company Name Care.com Mailing Address 1400 Main St. Waltham, MA 02451 Company Description Care.com is an online marketplace connecting people seeking care services with a national and local network of trusted providers. The company provides a simple and safe way for families and individuals to manage their care needs. … Continue reading “Care.com Garners $20,000,000 Series C Funding”

ImmunoGen Gets $45M Upfront From Novartis To Make Souped Up Antibodies For Cancer

[Updated: 8:40 am Eastern] ImmunoGen has struck a lucrative new deal with Novartis to make antibody drugs for cancer that are more potent than what physicians have come to embrace over the past decade. Waltham, MA-based ImmunoGen (NASDAQ: [[ticker:IMGN]]) said today it will get a $45 million upfront payment from Novartis in exchange for the … Continue reading “ImmunoGen Gets $45M Upfront From Novartis To Make Souped Up Antibodies For Cancer”

Seattle Genetics, Millennium Nail 2nd Straight Trial With “Empowered Antibody” For Cancer

Seattle Genetics broke new ground in the field of cancer drug development last month, and now evidence is mounting from a second clinical trial that suggests it wasn’t a fluke. Seattle Genetics (NASDAQ: [[ticker:SGEN]]) and its partner, Cambridge, MA-based Millennium: The Takeda Oncology Company, are reporting today that 50 out of 58 patients (86 percent) … Continue reading “Seattle Genetics, Millennium Nail 2nd Straight Trial With “Empowered Antibody” For Cancer”

Gelesis, With Obesity Drug That Swells Up in Stomach, Helps Rats Eat Less

One of the more offbeat ideas in the obesity drug development business has gathered some new evidence to suggest it might someday help people lose weight. Boston-based Gelesis, the developer of a superabsorbent capsule designed to swell up in the stomach and make people feel full, said its treatment was able to help rats reduce … Continue reading “Gelesis, With Obesity Drug That Swells Up in Stomach, Helps Rats Eat Less”

Fashion Playtes Secures $4,000,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff8ba352-8ccf-4909-b642-79fde009f1c4&Preview=1 Date 10/11/2010 Company Name Fashion Playtes Mailing Address 97 Boston Street Salem, MA 01970 Company Description As a young girl I designed most of my clothing and was fortunate to have a very talented mother who could sew. She indulged me and made wonderful custom outfits for my first days of … Continue reading “Fashion Playtes Secures $4,000,000 Series A Funding”

Genentech’s Souped-Up Breast Cancer Drug Beats Original Herceptin in Head-to-Head Study

Genentech broke new ground with a targeted antibody drug for breast cancer in the late 1990s, and now it’s showing another sign that it may have surpassed the original. Researchers reported today on a study of 137 breast cancer patients who were randomly assigned to get the original trastuzumab (Herceptin) along with chemotherapy, or a … Continue reading “Genentech’s Souped-Up Breast Cancer Drug Beats Original Herceptin in Head-to-Head Study”

NitroSecurity Nets $6M, Buys LogMatrix Business

Portsmouth, NH-based NitroSecurity said today it has closed $6 million in Series B financing led by existing investors Brookline Venture Partners, First Analysis, and NewSpring Ventures. The cybersecurity and event management software company also said it has acquired the security business of LogMatrix, a Marlborough, MA-based company focused on IT and network management. Financial terms … Continue reading “NitroSecurity Nets $6M, Buys LogMatrix Business”

Research Universities and Big Pharma’s Wicked Problem

A few years ago BP awarded a consortium of universities led by Berkeley the largest grant in University of California history: $500 million over 10 years to develop biofuels. Despite BP’s well-publicized travails, their commitment to the Energy Biosciences Institute remains firmly in place. BP is a huge company with a wealth of resources at … Continue reading “Research Universities and Big Pharma’s Wicked Problem”

Just When I Was Working Up Some Sympathy for Mark Zuckerberg—Facebook Blows It Again

I was going to write an impassioned column this week attacking David Fincher and Aaron Sorkin for the hatchet job they performed on Facebook CEO Mark Zuckerberg in The Social Network. I can’t remember the last time a movie made me so angry; no entrepreneur who’s created such a beloved and successful service, even if … Continue reading “Just When I Was Working Up Some Sympathy for Mark Zuckerberg—Facebook Blows It Again”

Sanofi Bids for Genzyme, ModeRNA Announces Stem Cell Tech, Health IT Execs Debate, & More Boston Area Life Sciences News

It was a lighter life sciences news week, but we did see a new biotech company surface, while a major pharma continued its pursuit of a local biotech giant. —French drug giant Sanofi-Aventis made another move in its quest to acquire Cambridge, MA-based Genzyme (NASDAQ: [[ticker:GENZ]]), with a $18.5 billion hostile takeover bid. It was … Continue reading “Sanofi Bids for Genzyme, ModeRNA Announces Stem Cell Tech, Health IT Execs Debate, & More Boston Area Life Sciences News”

Aspen Aerogels Lands $21,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4ec5ae76-23a5-4e07-8b7d-b0cb62dbecb8&Preview=1 Date 10/8/2010 Company Name Aspen Aerogels Mailing Address 30 Forbes Road Building B Northborough, MA 01532 Company Description Aspen Aerogels is nanotechnology at work in oil pipelines, natural gas and military ships, building and construction, boots and jackets and much, much more. Website http://www.aerogel.com Transaction Type Venture Equity Transaction Amount $21,500,000 … Continue reading “Aspen Aerogels Lands $21,500,000 New Financing”

NitroSecurity Garners $6,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1cc62aa6-bc37-422b-9bf3-ff82f76a2668&Preview=1 Date 10/8/2010 Company Name NitroSecurity Mailing Address 230 Commerce Way Portsmouth, NH 03801 Company Description NitroSecurity is a leading provider of high-performance enterprise security solutions that deliver the industry’s first integrated network + security monitoring, analysis, and protection system. Website http://www.nitrosecurity.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Series … Continue reading “NitroSecurity Garners $6,000,000 Series B Financing Round”

Foley’s Emerging Technologies Conference

The Foley law firm is hosting this class to give entrepreneurs a look at strategies and techniques for success. Panel discussions and interactive breakout sessions will cover the subject of venture capital from both the investor and company standpoints, as well as topics like social media in marketing, strategic partnerships, privacy and data security laws, … Continue reading “Foley’s Emerging Technologies Conference”

Tata Backs Sun Catalytix in $9.5M B Round

Sun Catalytix has found a new and deep-pocketed investor. Tata, a global conglomerate that owns the largest auto company in India, has led the Cambridge, MA, startup’s $9.5 million Series B funding round, the companies report today. The round, which included return backer Polaris Venture Partners, will fund further development of the startup’s catalyst, which … Continue reading “Tata Backs Sun Catalytix in $9.5M B Round”

Customer Development by the Numbers

A couple of days ago, more than two hundred founders, CEOs and marketers got together with some very sharp thinkers to talk about making startups successful under the umbrella of FutureM—a week-long series of events about what’s next in marketing. MITX, which I’m honored to be on the board of, organized FutureM with the help … Continue reading “Customer Development by the Numbers”

New RunKeeper Features Aim To Bring the Fitness Class Experience To Your Phone

Since 2008, RunKeeper, the fitness-tracking, GPS-based mobile app from Boston-based startup FitnessKeeper, has helped runners log and track the distance, speed, and routes they’ve run and engage with a broader community of like-minded athletes. The “pro” $9.99 version of the tool even offers coaching via headphones to help runners hit their desired pace, understand how … Continue reading “New RunKeeper Features Aim To Bring the Fitness Class Experience To Your Phone”

TOPGUN: Good Training for Venture Capital and Entrepreneurship

Top Gun the movie, like many movies loosely based on true stories or real organizations, certainly left us all entertained, and hopefully even a little motivated. The scenes of beach volleyball, testosterone-charged competition, and Maverick’s famous rendition of the Righteous Brothers’ classic were all unforgettable. But Hollywood never lets the truth get in the way … Continue reading “TOPGUN: Good Training for Venture Capital and Entrepreneurship”

Aneesh Chopra, Obama’s Chief Technology Officer, Talks About Health IT Geek Squads, Entrepreneurship Prizes, and “Data as a Policy Lever”

“In the Obama Administration, entrepreneurs are welcome.” So said Aneesh Chopra, chief technology officer of the United States, in a keynote speech yesterday at “DC to VC,” a summit on healthcare IT investing organized by Morgenthaler Ventures partner Rebecca Lynn in San Francisco and co-sponsored by Silicon Valley Bank and Venrock. Speaking to a group … Continue reading “Aneesh Chopra, Obama’s Chief Technology Officer, Talks About Health IT Geek Squads, Entrepreneurship Prizes, and “Data as a Policy Lever””

OLPC Part 2: Nicholas Negroponte on the Mideast and the XO 3 Tablet—and Why He May Not Ever Have to Build It

Nicholas Negroponte walked into the Starbucks holding some sort of thin, tablet-like computer. I couldn’t tell what model, because it was zipped inside a carrying case—but I was hoping for a prototype of the XO 3, the next-generation tablet Negroponte’s One Laptop per Child Foundation wants to create for children in the developing world for … Continue reading “OLPC Part 2: Nicholas Negroponte on the Mideast and the XO 3 Tablet—and Why He May Not Ever Have to Build It”

Sun Catalytix Obtains $9,500,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c697c4da-1a8e-420c-b664-3901443c13e7&Preview=1 Date 10/7/2010 Company Name Sun Catalytix Mailing Address 200 Technology Square Cambridge, MA 02139 Company Description Located in Cambridge, MA, Sun Catalytix is an early-stage renewable energy startup founded on groundbreaking science from the research lab of Professor Daniel Nocera at MIT. With Nature as our inspiration, we seek to combine … Continue reading “Sun Catalytix Obtains $9,500,000 Series B Funding Round”

New England Venture Network: Using PR and Social Media to Generate Buzz for Your Startup

This panel discussion comes as part of Boston Region Entrepreneurship Week (BREW) and features Xconomy’s Boston and National IT Editor Gregory Huang. Panelists will dish over how social media has changed the way startups do marketing and the way journalists cover them. You can register here for this event, which is hosted by the New … Continue reading “New England Venture Network: Using PR and Social Media to Generate Buzz for Your Startup”

Black Duck Buys Ohloh

Waltham, MA-based Black Duck Software, an open source software firm, said yesterday it has acquired Ohloh.net from Geeknet (NASDAQ: [[ticker:GKNT]]). Financial terms weren’t given. Ohloh, founded in 2006, is a free public directory of open source software and hosts a Web community of software developers. Black Duck says it will maintain and enhance the Ohloh … Continue reading “Black Duck Buys Ohloh”

Marvell Backs OLPC Tablet With $5.6M, Sanofi-Aventis’ Makes Takeover Bid for Genzyme, $7M Lands in The Echo Nest, & More Boston-Area Deals News

A French drugmaker’s bid to acquire one of New England’s biggest biotechs turned hostile this week. Read on for this, and some of the week’s less predictable deals news from the tech and life sciences sectors. —Watertown, MA-based WiTricity forged an alliance with Troy, MI-based Delphi Automotive aimed at developing wireless charging stations for hybrid … Continue reading “Marvell Backs OLPC Tablet With $5.6M, Sanofi-Aventis’ Makes Takeover Bid for Genzyme, $7M Lands in The Echo Nest, & More Boston-Area Deals News”

Crimson Hexagon Edges Forward in Social Media Analysis with Big Customers Like Bing

OK, I think both the Boston and Seattle tech communities should pay attention to this startup. Mostly because it overlaps with a number of local efforts on both coasts. But also because Microsoft’s Bing is involved. The three-year-old startup is Crimson Hexagon, based in Cambridge, MA, and it is the brainchild of Gary King, a … Continue reading “Crimson Hexagon Edges Forward in Social Media Analysis with Big Customers Like Bing”

Athenahealth and EClinicalWorks CEOs Explain Their Differences, Critique Software Subsidies

It was an experiment. Put two rivals in the health IT game—Jonathan Bush, CEO of Watertown, MA-based Athenahealth (NASDAQ:[[ticker:ATHN]]), and Girish Navani, CEO of Westborough, MA-based eClinicalWorks—on the same stage to talk frankly about the future of their industry. Pam McNamara, president of Cambridge Consultants, showed up to moderate with a wooden gavel, if that’s … Continue reading “Athenahealth and EClinicalWorks CEOs Explain Their Differences, Critique Software Subsidies”

IdeaPaint Secures $100,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f1606d71-fe02-4683-855c-e380a28788df&Preview=1 Date 10/6/2010 Company Name IdeaPaint Mailing Address 25 First St Cambridge, MA 02141 Company Description IdeaPaint is a patent-pending single-coat roller-applied paint that transforms any smooth surface into a high performance dry-erase writing surface. IdeaPaint is perfect for the conference room, creative spaces, classrooms, home offices, kids rooms, playrooms… or any … Continue reading “IdeaPaint Secures $100,000 New Round”

Where Will the Next Gleevec Come From? Xconomy Forum Looks At the Edge of Cancer R&D

The past decade of cancer research and development was mainly about getting targeted. Chemotherapy that kills all kinds of cells—cancerous and healthy—is still a mainstay of treatment, but more targeted cancer drugs like Roche’s bevacizumab (Avastin) and Novartis’ imatinib (Gleevec) finally broke through and fulfilled at least some of their promise. They showed drugs could … Continue reading “Where Will the Next Gleevec Come From? Xconomy Forum Looks At the Edge of Cancer R&D”

CIC Startup Micronotes Emerges From Stealth to Help Yodlee Appify Online Banking

The online banking space is taking a cue from Apple’s iTunes App Store. No, you won’t be seeing Sudoku puzzles or restaurant recommendation tools on your online banking interface, but you will be seeing plug-ins designed to enhance your online personal finance management experience. The marketplace for these apps, unveiled yesterday, is the Yodlee FinApp … Continue reading “CIC Startup Micronotes Emerges From Stealth to Help Yodlee Appify Online Banking”

The Echo Nest Powers Up With $7 Million Series B Round, Out To Connect Independent Music App Developers with Commercial Partners

The Echo Nest, a Somerville, MA-based music data service powering interactive music applications, announced today that it has closed a $7 million Series B investment, led by new investor Matrix Partners and joined by existing backer Commonwealth Capital Ventures. The startup, founded by two MIT Media Lab PhDs, did not disclose the full amount of … Continue reading “The Echo Nest Powers Up With $7 Million Series B Round, Out To Connect Independent Music App Developers with Commercial Partners”

Mimecast Expands in Boston Area, Taps E-mail Pioneer in Michigan to Drive Growth

Nathaniel Borenstein is a man you either love or hate. Or both. There’s nothing in between. If you have more than 24,000 unread e-mails in your inbox, like I do, you curse the day he was born, even if you enjoy being able to communicate with friends and business contacts in real-time, for free. Borenstein … Continue reading “Mimecast Expands in Boston Area, Taps E-mail Pioneer in Michigan to Drive Growth”

One Ecosystem Per Child: Walter Bender and OLPC Reunite to Enhance Learning and Grow Economies in Developing Nations

Walter Bender and the One Laptop per Child organization are back together again. The architect of the Sugar learning environment at the heart of every XO laptop, who had teamed with OLPC founder Nicholas Negroponte to launch the project but split with the organization 30 months ago, saying it had lost its way as a … Continue reading “One Ecosystem Per Child: Walter Bender and OLPC Reunite to Enhance Learning and Grow Economies in Developing Nations”

The Echo Nest Garners $7,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=32a146b3-4004-421b-b8bb-c4ec8c77e87f&Preview=1 Date 10/5/2010 Company Name The Echo Nest Mailing Address 48 Grove Street Somerville, MA 02144 Company Description The Echo Nest’s Fanalytics™ platform applies an unprecedented understanding of the music web to help you better target and build your online fan base. Here are a few of the marketing tools powered by … Continue reading “The Echo Nest Garners $7,000,000 Series B Funding Round”