Woburn, MA-based ByAllAccounts, a maker of technology that enables financial advisors to aggregate account data, announced it has grabbed a $5 million financing, led by Castile Ventures. Previous ByAllAccounts investor Commonwealth Capital Ventures also participated in the funding round, which will go to expanding the company’s presence in the financial advisory market and advancing into … Continue reading “ByAllAccounts Brings In $5M”
Category: Boston
Anchor Therapeutics Hooks Deal Worth Up to $480M with J&J
Anchor Therapeutics has landed its largest corporate partnership yet. The Cambridge, MA-based biotech startup has secured a partnership that could be worth up to $480 million with Ortho-McNeil-Janssen Pharmaceuticals, part of the healthcare products giant Johnson & Johnson (NYSE: [[ticker:JNJ]]). Ortho-McNeil-Janssen, based in Titusville, NJ, has agreed to pay Anchor an undisclosed upfront fee, provide … Continue reading “Anchor Therapeutics Hooks Deal Worth Up to $480M with J&J”
CityVoter Gears Up for “Best Of” Voting Push, Looks to Cash In on Daily Deals and Rewards
It’s good to know that the dive bar around the corner from where I used to live for seven-plus years has spawned at least one intriguing tech startup. The bar is Joe Sent Me on Mass. Ave. in North Cambridge, MA—and it’s not a dive anymore (hasn’t been for years). The startup is CityVoter, which … Continue reading “CityVoter Gears Up for “Best Of” Voting Push, Looks to Cash In on Daily Deals and Rewards”
Mophie Lands New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bed17eb3-fa50-4277-a1ec-d33f185dfbb6&Preview=1 Date 9/9/2010 Company Name Mophie Mailing Address 1 Steele Street Studio 107 Burlington, VT 05401 Company Description Designs, develops, markets and sells consumer electronic accessories. Website http://www.mophie.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor InvestMichigan Growth Capital … Continue reading “Mophie Lands New Financing Round”
Helicos Files Suit Against PacBio
Cambridge, MA-based Helicos Biosciences (NASDAQ: [[ticker:HLCS]]), the maker of gene sequencing instruments, said today it has filed a lawsuit accusing Menlo Park, CA-based Pacific Biosciences of patent infringement. Helicos says it was the first to invent and market the technology known as single molecule sequencing, and that PacBio’s subsequent technology violates Helicos patents that extend … Continue reading “Helicos Files Suit Against PacBio”
Red Bend Buys VirtualLogix
Red Bend Software, a Waltham, MA-based company that makes systems for over-the-air management and updating of software on mobile devices, said Tuesday that it has acquired Santa Clara, CA-based VirtualLogix for an undisclosed sum. VirtualLogix makes virtualization software that allows mobile handsets to run multiple operating systems. “Today marks the beginning of a new era … Continue reading “Red Bend Buys VirtualLogix”
VoltDB Grabs $5M
VoltDB, a Billerica, MA-based maker of database software for rapid transaction-based processes, has wrapped up a $5 million equity-based round of funding, according to an SEC filing. The document notes that the money comes from four investors, and lists members of Sigma Partners and Kepha Partners as VoltDB directors. The company, which targets its products … Continue reading “VoltDB Grabs $5M”
Rhythm Boosts Series A Round to $40M, Adds Third Rock Ventures to List of Backers
There’s new scientific and financial power behind the Boston biotech startup Rhythm Pharmaceuticals. Third Rock Ventures has joined as the company’s latest investor to help close its $40 million Series A funding round, and Third Rock partner Lou Tartaglia has joined the startup as a director and its chief scientist. Rhythm, a developer of peptide … Continue reading “Rhythm Boosts Series A Round to $40M, Adds Third Rock Ventures to List of Backers”
Betahouse Is Closed—For Now
Betahouse, the Cambridge, MA-based co-working community and events space for tech startups in Central Square, has closed its doors as of August 31, says founder Jon Pierce. The group’s planned expansion to a new space in Cambridge fell through last month, a few weeks before its current lease ended. Pierce told Mass High Tech that … Continue reading “Betahouse Is Closed—For Now”
iPierian Nabs $28M, With New Backing From Glaxo and Biogen Idec, To Use Stem Cells for Drug Discovery
One of the Bay Area’s promising stem cell startups just got a big shot of cash from a couple of major pharmaceutical players in Boston. South San Francisco-based iPierian is announcing today it has secured a full $28 million in its Series B venture round, which includes GlaxoSmithKline’s SR One venture arm, along with Biogen … Continue reading “iPierian Nabs $28M, With New Backing From Glaxo and Biogen Idec, To Use Stem Cells for Drug Discovery”
Reality Show Project Seeks to Capture MassChallenge Competitors in Their Entrepreneurial Element
Pick an activity, an industry, or a social phenomenon and there’s probably a reality show about it, from fashion design to wilderness survival to the nightlife of 20-somethings in shore towns. But Warren Anderson, a local entrepreneur and Harvard Extension School master’s student, can name one area that he says hasn’t been depicted by the … Continue reading “Reality Show Project Seeks to Capture MassChallenge Competitors in Their Entrepreneurial Element”
VMware Makes Two Acquisitions, Mascoma Picks Up SunOpta Unit, Vela Gets $6M, & More Boston-Area Deals News
The holiday weekend hasn’t seemed to slow down deal-making in New England. We’ve seen acquisitions, funding rounds, and even an IPO registration for companies in the life sciences, software, and energy spaces. —Drugmaker giant Pfizer said it had agreed to purchase FoldRx Pharmaceuticals, a Cambridge, MA-based developer of drugs for rare diseases like the neurodegenerative … Continue reading “VMware Makes Two Acquisitions, Mascoma Picks Up SunOpta Unit, Vela Gets $6M, & More Boston-Area Deals News”
Rhythm Pharmaceuticals Garners $19,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a7d2052a-adbe-45af-b661-f1977e02e9c6&Preview=1 Date 9/8/2010 Company Name Rhythm Pharmaceuticals Mailing Address Undisclosed Boston, MA 02101 Company Description Rhythm is a biotechnology company developing peptide therapeutics that address unmet needs in metabolic diseases. Website http://www.rhythmtx.com Transaction Type Venture Equity Transaction Amount $19,000,000 Transaction Round Series A Proceeds Purposes The funds will be used to develop … Continue reading “Rhythm Pharmaceuticals Garners $19,000,000 Series A Financing”
ByAllAccounts Secures $5,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bc7b34ee-cfe9-4d8a-a154-49bdb766bb09&Preview=1 Date 9/8/2010 Company Name ByAllAccounts Mailing Address 10 State Street Woburn, MA 01801-6820 Company Description ByAllAccounts delivers reconciliation-ready data to investment management and advisory firms. Using innovative expert system technology, the company provides an unparalleled access to financial account data from thousands of custodians and enables efficient and timely account reconciliation, … Continue reading “ByAllAccounts Secures $5,000,000 Series B Financing”
Prelert Receives $3,750,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0c323efc-344d-4b48-b168-914fc798f3e9&Preview=1 Date 9/8/2010 Company Name Prelert Mailing Address 946 Great Plain Ave. Needham, MA 02492 Company Description Our Incident Cause Analysis software employs advanced pattern detection algorithms, used in DNA sequencing the human genome, to quickly and accurately analyze terabytes of IT incident data. Our product self-learns how IT resources interact and … Continue reading “Prelert Receives $3,750,000 Series A Financing Round”
Vertex Nails Third Big Trial With Hepatitis C Drug, In Toughest Patients to Treat
Vertex Pharmaceuticals stepped up to the plate this year with three big swings for the fence, and it can now say it has gone 3-for-3. The Cambridge, MA-based biotech company (NASDAQ: [[ticker:VRTX]]), which has significant operations in San Diego, is announcing today that a combination of standard treatment and its novel drug for hepatitis C … Continue reading “Vertex Nails Third Big Trial With Hepatitis C Drug, In Toughest Patients to Treat”
BAE Buys Oasys
Oasys Technology, a Manchester, NH-based company specializing in electronics and optical systems, is being acquired by BAE Systems, the U.K.-based defense and aerospace company. Financial terms weren’t given in the press release, but outlets including Automated Trader and Mass High Tech have reported the deal is worth $25 million upon closing plus an earnout of … Continue reading “BAE Buys Oasys”
Idenix Shares Tank on FDA Clinical Hold
Idenix Pharmaceuticals, a developer of antiviral drugs based in Cambridge, MA, has seen the value of its stock plunge after it announced today that the FDA put two of its drugs for the liver disease hepatitis C on clinical hold. In testing a combination treatment of the two drugs IDX184 and IDX320 in healthy volunteers, … Continue reading “Idenix Shares Tank on FDA Clinical Hold”
Bruker Supercon Unit Files for IPO
Bruker Energy & Supercon Technologies, a unit of Billerica, MA-based Bruker, registered for an initial public offering on Friday, worth an estimated $100 million, according to regulatory documents. Two years ago Bruker EST was set up as a subsidiary of scientific instrument company Bruker (NASDAQ: [[ticker:BRKR]]), which will also offer some of its shares as … Continue reading “Bruker Supercon Unit Files for IPO”
Healthcare Industry Concepts Rise from the Grave
There was a great article authored by Gregory Huang and posted on Xconomy last week called Party Like It’s 1999: 10 Old Tech Ideas That Are New Again. The article was basically about the top 10 things that are hot right now but are, essentially, “back to the future” developments in technology that had a … Continue reading “Healthcare Industry Concepts Rise from the Grave”
Back from Labor Day: Three Posts You Should Read
Was there a summer slowdown this year in the tech-business world? I’m not so sure (and neither are some other observers). In any case, let’s get ready for the craziness that is fall news and events in our industries. Here are three blog posts from around the Web—and around the country—that you might have missed … Continue reading “Back from Labor Day: Three Posts You Should Read”
Backupify Adds $4.5M
Cambridge, MA-based Backupify, an online data management startup, said today it has raised $4.5 million in Series A financing led by Avalon Ventures and General Catalyst. Lowercase Capital and First Round Capital also participated in the round. Backupify helps consumers and companies securely back up their data online, and is increasingly focused on providing software … Continue reading “Backupify Adds $4.5M”
Worry About Customers, Not Financing or Exits, Says Angel Investor Joe Caruso
It’s been three months since Angel Boot Camp in Cambridge, MA—a seminal event in the local ecosystem of angel investors and entrepreneurs. I’m curious to follow up on what progress has been made since that meeting, so I’ve been getting to know some of the local angel investors in technology who were there, and/or who … Continue reading “Worry About Customers, Not Financing or Exits, Says Angel Investor Joe Caruso”
Cerulean Pharma Makes Progress in Attacking the Big C with Tiny Drugs
Cerulean Pharma has made lots of progress since its early days in 2007 when I first visited the biotech startup, then called Tempo Pharmaceuticals, and company chairman Alan Crane broke out his laptop to show me an animation of the newly hatched firm’s nanoparticle drugs congregating inside tumors and killing them. The Cambridge, MA-based startup, … Continue reading “Cerulean Pharma Makes Progress in Attacking the Big C with Tiny Drugs”
VoltDB Obtains $5,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ddf539ff-e7db-4238-b2e0-51efbec9fec4&Preview=1 Date 9/7/2010 Company Name VoltDB Mailing Address 6 Fortune Drive Billerica, MA 01821 Company Description VoltDB is solving the problem of database scalability for applications with fast-growing transaction (OLTP) workloads such as those found in Web 2.0, financial trading, gaming, telecommunications and software as a service (SaaS) businesses. Website http://voltdb.com Transaction … Continue reading “VoltDB Obtains $5,000,000 New Financing Round”
OurStage Obtains $6,247,643 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e3579584-7fff-49a5-b9d2-61808be56a1b&Preview=1 Date 9/7/2010 Company Name OurStage Mailing Address 321 Billerica Rd Chelmsford, MA 01824 Company Description OurStage is where the world’s music fans come to discover, enjoy and reward the best emerging artists – and where the world’s artists come to find their fans, get amazing gigs and launch their careers. Website … Continue reading “OurStage Obtains $6,247,643 New Funding”
iMedX Secures $1,500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=822dba9d-8587-4eaa-bab5-82ce28436b3e&Preview=1 Date 9/7/2010 Company Name iMedX Mailing Address Four Corporate Drive Shelton, CT 06484 Company Description iMedX, Inc. is a rapidly growing medical software and services company headquartered in Shelton, Connecticut. The Company’s main product is TurboScribe®, a unique combination of medical transcription software and service. With TurboScribe®, physician practices can halve … Continue reading “iMedX Secures $1,500,000 New Financing Round”
Pfizer, Celldex Deal Ends
Pfizer has terminated an agreement with Needham, MA-based Celldex Therapeutics (NASDAQ: [[ticker:CLDX]]), in which it licensed the experimental cancer vaccine rindopepimut, because it says the drug is no longer one of its strategic priorities, Celldex announced today. Celldex will regain full rights to develop and commercialize the treatment, effective November 1 of this year. The … Continue reading “Pfizer, Celldex Deal Ends”
The Innovation Imperative: How Corporations and Nations Can Survive the Tsunami of Global Competition and Thrive
Government leaders in Europe and North America are seeking to formulate enlightened, effective policies to create the necessary ecosystems and help their corporations respond to threats of loss of markets at home and abroad. The need to better commercialize public and private investments in R & D is well understood, but does not always happen … Continue reading “The Innovation Imperative: How Corporations and Nations Can Survive the Tsunami of Global Competition and Thrive”
The Leaning Tower of Ping: How iTunes Could Be Apple’s Undoing
With each new product that Apple announces, including the revamped Apple TV and the new Ping social network, Steve Jobs reveals a little bit more of his plan to dominate the media universe. But I can summarize that plan’s fatal flaw in one word: iTunes. Don’t get me wrong. I think Apple’s hardware is unbeatable, … Continue reading “The Leaning Tower of Ping: How iTunes Could Be Apple’s Undoing”
PerkinElmer Sells Unit for $500M, Aveo Stock Climbs, Pfizer Buys FoldRx, & More Boston-Area Life Sciences News
This week we saw news of acquisitions from drug giants, and got updates on several New England biotechs. —The FDA alerted South San Francisco-based Genentech that it was not going to review its application for accelerated approval of its “empowered antibody” drug, developed with technology from Waltham, MA-based ImmunoGen. The FDA said that T-DM1, which … Continue reading “PerkinElmer Sells Unit for $500M, Aveo Stock Climbs, Pfizer Buys FoldRx, & More Boston-Area Life Sciences News”
eIQnetworks Lands $2,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f045bf14-1175-4478-826e-a7047fd2caf3&Preview=1 Date 9/3/2010 Company Name eIQnetworks Mailing Address 31 Nagog Park Acton, MA 01720 Company Description Company Overview Founded in 2001, eIQnetworks, Inc. is an industry-leading provider of integrated security, risk and audit management solutions that effectively meet security and compliance challenges. By combining enterprise security management (ESM) with IT governance, risk … Continue reading “eIQnetworks Lands $2,000,000 New Funding”
Life Image Secures $5.2M in Second Financing Round to Push Medical Images in the Cloud
Life Image has won further investor support after more hospitals have bought its new technology for exchanging medical images via the Internet cloud. The Newton, MA-based software startup has closed $5.2 million of a planned $10 million Series B funding round to finance increased sales, marketing, and product development, company co-founder and chief executive Hamid … Continue reading “Life Image Secures $5.2M in Second Financing Round to Push Medical Images in the Cloud”
Lab to Market: Success is Not Final, Failure is Not Fatal
Corporations are turning to centers of research and are launching their own labs to allow diverse groups of interdisciplinary experts to collaborate on world-changing ideas. This panel will share stories of their decades of real-world wisdom, cutting edge breakthroughs, and frustrating dead ends. Complete details and online registration are available here.
gdgt Live in Boston
Come play with the latest new gadgets, at the appropriately titled gdgt event. Sponsors include Kodak, Logitech, and TiVo. Details are here.
Imbach Leaves Skyhook for 8tracks
Kate Imbach, long the vice president of marketing for Skyhook Wireless in Boston and a key leader of the Mobile Monday movement in the United States, is departing Skyhook to take on the same title at San Francisco startup 8tracks, an Internet radio startup where users craft and share their own playlists. At Skyhook, Imbach … Continue reading “Imbach Leaves Skyhook for 8tracks”
BREW
Boston Region Entrepreneurship Week is out to celebrate all things about getting a company of the ground in the Boston area. Check out the calendar for the list of events. Or go here if you’d like to submit your event as part of the celebration.
Mass Innovation Nights
Check out September’s installment of MassInno, the free monthly product launch party. Four tech startups will present to the audience, and a slew will showcase throughout the venue. You can vote ahead of time here to help determine which ones will do the talking. RSVP here.
EmTech 2010
Now in its 10th year, this Emerging Technologies conference aims to give you a sneak peak at technologies from innovative labs, companies, and entrepreneurs before they hit the news. The event will feature sessions on subjects like how to go to market in a challenging economy and will highlight the top 35 innovators under 35. … Continue reading “EmTech 2010”
Girls in Tech: Women Getting Funding
This event, put on by Girls in Tech and MassChallenge, will feature a panel of women entrepreneurs, venture capitalists, and an attorney to discuss the process of securing startup funding as a woman. A startup expo will kickoff and round out the evening, too. Check out event details and register here.
Vela Systems Scores $6M Series B
Burlington, MA-based Vela Systems, a mobile field software startup, said today it has raised a $6 million Series B equity financing led by new investor Autodesk (NASDAQ: [[ticker:ADSK]]). Existing investors Commonwealth Capital Ventures, GrandBanks Capital, and individual investors also participated in the round. Vela Systems says the new money will be used to “expand and … Continue reading “Vela Systems Scores $6M Series B”
U.S. Innovation and Entrepreneurship Council Quietly Holds First Meeting in DC, Starting with Steve Case-Hosted Dinner
It’s a big day for U.S. innovation strategy. The National Advisory Council on Innovation and Entrepreneurship is holding its first official meeting at the Department of Commerce in Washington, DC, today—and Xconomy has some exclusive details. The council, made up of 26 national leaders in business, technology, and academia, is charged with helping the Obama … Continue reading “U.S. Innovation and Entrepreneurship Council Quietly Holds First Meeting in DC, Starting with Steve Case-Hosted Dinner”
Buzzient Makes Social Media Analytics Software, Attracting Business Customers From Gaming to Financial Services
You’ve been sleeping under a rock if you haven’t realized yet that what’s being said on Twitter, Facebook, user forums, wikis, YouTube videos, and personal blogs has a big impact on what people think about a brand. And there’s no shortage of companies developing technology to monitor this ever-changing buzz to paint a picture of … Continue reading “Buzzient Makes Social Media Analytics Software, Attracting Business Customers From Gaming to Financial Services”
Mascoma Gets New Cellulosic Ethanol Technology Through $51M Deal With SunOpta
Mascoma has grabbed improved technology for breaking down the raw materials it uses for making biofuels. The Lebanon, NH-based firm has acquired the SunOpta BioProcess unit of the Canadian food and mineral company SunOpta (NASDAQ:[[ticker:STKL]]) in a deal worth $51 million, according to a statement yesterday from SunOpta. Mascoma, which plans to eventually use the … Continue reading “Mascoma Gets New Cellulosic Ethanol Technology Through $51M Deal With SunOpta”
Vela Systems Obtains $6,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9e674c82-27fb-4e80-89da-71aea6f176f6&Preview=1 Date 9/2/2010 Company Name Vela Systems Mailing Address 52 Third Avenue Burlington, MA 01803 Company Description Through a unique combination of technical capabilities and deep industry knowledge, Vela Systems empowers the AEC industry with mobile technologies, streamlining field administration processes in construction, capital projects and capital equipment. Vela Systems replaces paper … Continue reading “Vela Systems Obtains $6,000,000 New Funding”
Life Image Obtains $5,200,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e716bba-2deb-4e3b-9208-0170aa1f3d37&Preview=1 Date 9/2/2010 Company Name Life Image Mailing Address One Gateway Center Newton, MA 02458 Company Description Life Image, Inc. is a venture-backed startup company developing Web-based applications and services that help eliminate the problems associated with lack of access to patients’ medical-imaging history.The founders of the company are veterans of this … Continue reading “Life Image Obtains $5,200,000 Series B Financing Round”
Innovators in Boston, San Diego, San Francisco, Northwest Top World Economic Forum’s List of Technology Pioneers
The World Economic Forum—the body behind the exclusive annual gathering in Davos, Switzerland—today released its “Technology Pioneers” list for 2011. An unusually large number of the companies on the list (11 out of 31) are located in or near Xconomy’s home cities—see the rundown below. For the Pioneers list, the WEF singles out companies that … Continue reading “Innovators in Boston, San Diego, San Francisco, Northwest Top World Economic Forum’s List of Technology Pioneers”
Salary.com Acquired by Kenexa
Salary.com (NASDAQ: [[ticker:SLRY]]), a Needham, MA-based maker of on-demand software for managing employee pay and performance, will be acquired by Wayne, PA-based Kenexa (NASDAQ: [[ticker:KNXA]]) for $4.07 per share in cash, for a total of roughly $80 million, the companies announced today. Kenexa, a human resources software, services, and consulting firm, said it expects the … Continue reading “Salary.com Acquired by Kenexa”
Party Like It’s 1999: 10 Old Tech Ideas That Are New Again
Timing is everything—especially in the tech world. If you follow trends in technology, science, or business for long enough, you realize there are very few new ideas. Instead, the combination of the right idea with the right timing and execution is usually the key to success in any field. Look at all the snazzy tech … Continue reading “Party Like It’s 1999: 10 Old Tech Ideas That Are New Again”
VMware Adds Integrien and TriCipher to Up Its Cloud Computing Power
[Updated, 9/1/10 at 12:00pm. See below.] VMware (NYSE: [[ticker:VMW]]), the Silicon Valley virtualization unit of Hopkinton, MA-based storage giant EMC (NYSE: [[ticker:EMC]]), announced at its annual conference in San Francisco that it had scooped up two IT startups to add to its cloud computing infrastructure. The company bought Irvine, CA-based Integrien, a maker of real-time … Continue reading “VMware Adds Integrien and TriCipher to Up Its Cloud Computing Power”