Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7588dc79-2a42-415e-aca1-1a7815208dd8&Preview=1 Date 2/9/2010 Company Name Pursway Mailing Address 930 Winter Street Waltham, MA 02451 Company Description Most consumer behavior is influenced by the opinions of people we know and trust– family, friends, and colleagues. While marketers have known this for quite a while, they are challenged to act on it. Website http://www.pursway.com … Continue reading “Pursway Secures $6,000,000 Series A Financing”
Category: Boston
Cytosolv Garners $500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed6c3c35-6797-4bc6-a1c3-9c7d187a0ede&Preview=1 Date 2/9/2010 Company Name Cytosolv Mailing Address 155 Pelletier Ln Tiverton, RI 02878-3007 Company Description The company was founded by Moses Goddard, M.D., and Christopher Thanos, Ph.D., based upon research to be published in the upcoming issue of scientific journal Cell Transplantation. Website Undisclosed Transaction Type Venture Equity Transaction Amount $500,000 … Continue reading “Cytosolv Garners $500,000 New Round”
SiCortex Co-Founder John Mucci Passes Away
[Updated Feb. 9 and Feb. 10 with comments and funeral service/memorial donations details—see below] Xconomy is very sad to note that John Mucci, the co-founder and former CEO and director of SiCortex, the Maynard, MA-based startup that sought to build a new generation of energy-efficient supercomputers, passed away yesterday of a heart attack, according to … Continue reading “SiCortex Co-Founder John Mucci Passes Away”
Veracode Secures $12.3M Funding
Veracode, a provider of security software, has raised $12.3 million in equity financing, according to an SEC filing. The filing does not list the investors in the funding round. The Burlington, MA-based company’s previous backers include Atlas Venture, .406 Ventures, Macrovision, Polaris Venture Partners, Symantec, and In-Q-Tel. Wade once provided a brief overview of Veracode’s … Continue reading “Veracode Secures $12.3M Funding”
New CEO at Sand 9
Boston-based Sand 9, which is developing microelectromechanical resonators that could replace quartz crystal frequency sources in 3G phones, GPS devices, and other applications, said today that Vince Graziani, a board member and former CEO of VBrick, has been appointed chief executive officer. Founded in 2007, Sand 9 is backed by Flybridge Capital Partners, General Catalyst … Continue reading “New CEO at Sand 9”
Solace Pharma Closes Boston-Area Office After Pain Treatment Fails in Clinical Trial
Solace Pharmaceuticals has quietly shuttered its office in Cambridge, MA, near the team of biologists and venture capitalists who formed the startup in 2006 to develop new treatments for pain, company CEO Eliot Forster confirmed for Xconomy. The firm, which has raised $15 million in venture capital, is now operating from its remaining office in … Continue reading “Solace Pharma Closes Boston-Area Office After Pain Treatment Fails in Clinical Trial”
TripAdvisor: The Travel Company That’s Really All About Data
TripAdvisor, which was founded 10 years ago this month, is a study in paradoxes: • The Newton, MA-based company’s family of travel-related websites attracts 35 million unique visitors each month, making it one of the most successful Web properties in the Boston area—yet few people even realize the company is headquartered in New England. • … Continue reading “TripAdvisor: The Travel Company That’s Really All About Data”
Zafgen’s Mysterious Weight Loss Drug Advances Into First Trial for Obese Women
Zafgen arrived on the Boston biotech scene about 18 months ago with blue-chip venture backing, a highly regarded scientist as CEO, and an audacious idea. The Cambridge, MA-based company was developing a powerful new weight loss drug made to work unlike any other treatment in development, by cutting off the blood supply to fat tissue. … Continue reading “Zafgen’s Mysterious Weight Loss Drug Advances Into First Trial for Obese Women”
Veracode Garners $12,300,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d5bd5cea-2385-46e3-805e-56493e604fa5&Preview=1 Date 2/8/2010 Company Name Veracode Mailing Address 4 Van de Graaff Drive Burlington, MA 01803 Company Description Veracode is the industry’s first provider of automated, on-demand application security solutions. Created by a world-class team of application security experts from @stake, Guardent, ISS, VeriSign and Symantec, the company delivers services to identify … Continue reading “Veracode Garners $12,300,000 New Financing Round”
Massachusetts Business Development Officials Set Up Outpost at Cambridge Innovation Center
I stopped by the Cambridge Innovation Center this afternoon to welcome a special newcomer to the neighborhood (Xconomy’s headquarters is just three blocks away). It was Jason Schupbach, the creative economy director for the Massachusetts Office of Business Development. Schupbach—who is already a familiar face around the local innovation community, of course—is in the vanguard … Continue reading “Massachusetts Business Development Officials Set Up Outpost at Cambridge Innovation Center”
Yes We Have a Winner from Last Night’s Battle, and No, It’s Not What You Would Expect
We know, we’ve been holding out on you. But don’t worry, we do plan to reveal the winners of last night’s Battle of the Tech Bands 3, for those of you who couldn’t make it. The evening saw a great turnout of people representing all facets of the tech, life sciences, and venture communities here … Continue reading “Yes We Have a Winner from Last Night’s Battle, and No, It’s Not What You Would Expect”
The Outlook for Solar: Q&A With Borrego Solar CEO Mike Hall
While venture investments in cleantech startups declined last year, technology advances in renewable energy remain a hot area of interest for both cleantech innovators and investors. In an effort to gain a better understanding of the solar energy market, especially in the photovoltaic segment of the industry, I sought insights from Mike Hall, the CEO … Continue reading “The Outlook for Solar: Q&A With Borrego Solar CEO Mike Hall”
ATG Prices 25M Share Stock Offering
Art Technology Group (NASDAQ: ARTG), an e-commerce software and service company in Cambridge, MA, announced its plans to sell 25 million shares of common stock at $3.50 a share in an underwritten public offering. Morgan Stanley and Deutsche Bank Securities will serve as underwriters for the deal, and will have the 30-day option to purchase … Continue reading “ATG Prices 25M Share Stock Offering”
Allergan Buys Serica Technologies
Medford, MA-based biomaterials provider Serica Technologies was acquired late last year by Allergan, the health care products company that makes onabotulinumtoxinA (Botox). Irvine, CA-based Allergan (NYSE:[[ticker:AGN]]) revealed the buyout in its earnings report yesterday, but did not disclose the acquisition costs. Some of the investors in Serica, which will operate as subsidiary of Allergan in … Continue reading “Allergan Buys Serica Technologies”
eClinicalWorks Tops $100M Sales as Doctors Move from Paper to Pixel Records
Most health records in the U.S. today are still gathering dust, tucked away in filing cabinets, existing only on paper. Even though the idea of electronic medical records is still a relatively new concept at most hospitals and clinics, the EMR software industry has its share of dinosaurs living alongside the newer species. At eClinicalWorks, … Continue reading “eClinicalWorks Tops $100M Sales as Doctors Move from Paper to Pixel Records”
Kindle Conniptions: How I Published My First E-Book
This is the 80th edition of World Wide Wade since this weekly column on technology trends began in April 2008. Since we have so much material piling up in the archive, we at Xconomy decided to do something a bit different: We’re collecting all of the columns in the form of an e-book. It’s called … Continue reading “Kindle Conniptions: How I Published My First E-Book”
Ironwood Goes Public, Glasshouse and BG Medicine Aim to Do the Same, Vivox Collects $6.8M, & More Boston-Area Deals News
For the first time in as long as I can remember, IPOs dominated the New England tech and life sciences deals news this week. —Glasshouse Technologies, an IT consulting firm in Framingham, MA, indicated in an SEC filing that it’s planning an initial public offering worth as much as $75 million. Glasshouse, which is aiming … Continue reading “Ironwood Goes Public, Glasshouse and BG Medicine Aim to Do the Same, Vivox Collects $6.8M, & More Boston-Area Deals News”
***SOLD OUT***Xconomy Forum: Mobile Madness – The New Future of Computing
Mobile computing is the future of consumer computing. Or at least many entrepreneurs seem to think so: there’s a mad scramble underway to create the most popular and profitable services, content, and applications for the new array of smartphones and mobile devices. As computing enters what many analysts agree is its fifth great historical cycle … Continue reading “***SOLD OUT***Xconomy Forum: Mobile Madness – The New Future of Computing”
See You Tonight at Battle of the Tech Bands: Come for Boston!
It’s been a busy week covering venture deals, IPOs, and all the iPad fallout fit to print, so we’re ready to release by defending our East Coast honor tonight at the Battle of the Tech Bands. This will be the third year we’ve hosted the showdown between bands from area tech companies, but will be … Continue reading “See You Tonight at Battle of the Tech Bands: Come for Boston!”
Allegro Diagnostics Planning Large Lung Cancer Diagnosis Trial for 2010
Allegro Diagnostics is on track to launch a major clinical trial of its lung cancer test this year after a long process, completed in October, of designing the goals of the study and submitting paperwork on it to the FDA, CEO Dan Rippy says. The FDA has granted the Boston-based startup conditional approval to conduct … Continue reading “Allegro Diagnostics Planning Large Lung Cancer Diagnosis Trial for 2010”
Tepha Taps Investors for $3M
Tepha, a Lexington, MA-based provider of polymers for medical applications, has raised $3 million of a proposed $7.4 million round of equity financing, according to an SEC filing. Company CEO Simon Williams was not immediately available for comment this morning. The filing does not list the firm’s investors in this funding. The company’s website says … Continue reading “Tepha Taps Investors for $3M”
Alkermes Unveils Cheaper, Easier Technique for Making Drugs Last Longer in Blood
Alkermes is known for making drugs stable and long-lasting in the bloodstream. Today, the Waltham, MA-based company is announcing it has invented a new way to do the same thing, but at lower cost and with fewer manufacturing hassles. There’s also the potential that the new technique could be used on more drugs, and lead … Continue reading “Alkermes Unveils Cheaper, Easier Technique for Making Drugs Last Longer in Blood”
$1M for Powerhouse Dynamics
Powerhouse Dynamics, a home energy usage monitoring startup in Newton, MA, raised $225,000 last spring and let slip to journalists in November that it was raising more. Now there’s confirmation of that: the company has closed a $1.02 million financing round, according to a February 2 regulatory filing. According to a Powerhouse announcement, The round … Continue reading “$1M for Powerhouse Dynamics”
Amazon Said to Buy Touchscreen Startup: Implications for the Kindle and E Ink Display
Seattle-based Amazon has acquired Touchco, a touchscreen technology company based in New York, according to a report in the New York Times, which cites an anonymous source with knowledge of the deal. The acquisition raises some interesting questions about the future of the Kindle device, Amazon’s competition with Apple, and the role of technology firm … Continue reading “Amazon Said to Buy Touchscreen Startup: Implications for the Kindle and E Ink Display”
Tepha Receives $3,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=da8ba487-2e0a-4e20-8cd7-7edc26945db6&Preview=1 Date 2/4/2010 Company Name Tepha Mailing Address 99 Hayden Avenue East Wing Lexington, MA 02421 Company Description Tepha is a medical device firm engaged in the development of a new range of absorbable devices for therapeutic applications. Website http://www.tepha.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Tepha Receives $3,000,000 New Financing”
PowerHouse Dynamics Garners $1,020,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=71792396-046f-484f-a80d-f022ca22dba4&Preview=1 Date 2/4/2010 Company Name PowerHouse Dynamics Mailing Address 233 Needham St 3rd Fl Newton, MA 02464 Company Description PowerHouse dynamics was founded in 2008 by a group of individuals who are passionate about the need to address the energy and climate challenges facing the world, and who believe in the “3P” … Continue reading “PowerHouse Dynamics Garners $1,020,000 New Funding Round”
Allergan Acquires Serica Technologies for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5bb12dd7-4f68-4859-8b6b-313e2067ac0b&Preview=1 Date 2/4/2010 Company Name Serica Technologies Mailing Address 200 Boston Ave Medford, MA 02155 Company Description Serica is a medical device company pioneering the most sophisticated silk-based biomaterial platforms for tissue rejuvenation in the industry. The company leverages the elegance, purity, and strength of natural silk in combination with advances in … Continue reading “Allergan Acquires Serica Technologies for Undisclosed Sum”
$9M for Syndax Pharmaceuticals
Syndax Pharmaceuticals, a Waltham, MA-based developer of cancer therapies, has pulled in $9 million of a planned $16 million in a mixed offering of equity, options, and warrants, according to an SEC filing. Syndax’s past investors include Domain Associates and MPM Capital, which led a $40 million Series A round in 2007. The company launched … Continue reading “$9M for Syndax Pharmaceuticals”
All-Star Lineup of Guest Judges Set For Thursday Night’s Battle of the Tech Bands Seattle vs. Boston Smackdown
We are barely 24 hours away from the biggest, most definitive East Coast vs. West Coast smackdown since Facebook got away: the Battle of the Tech Bands 3, which will take place Thursday night at the Middle East Nightclub in the heart of Central Square here in Cambridge, MA. We have five great bands—three winners … Continue reading “All-Star Lineup of Guest Judges Set For Thursday Night’s Battle of the Tech Bands Seattle vs. Boston Smackdown”
Ironwood Climbs 3.6 Percent on IPO Debut Day, Shows Investor Interest—Albeit Tepid—in Biotech
Ironwood Pharmaceuticals showed today that an IPO market does exist for a serious biotech company without a moneymaking product on the market, but that investors’ appetite for the speculative business of drug development is modest. The Cambridge, MA-based biotech company set its initial public offering price at $11.25—a far cry from its forecasted price range … Continue reading “Ironwood Climbs 3.6 Percent on IPO Debut Day, Shows Investor Interest—Albeit Tepid—in Biotech”
Smart Medical Devices Panel
Healthcare is still on the agenda, at least in this month’s area events. This panel of engineering and life sciences industry experts focuses on the role that Smart Medical Devices have to play in helping to deliver higher quality healthcare at a lower cost. Register here.
1366 Technologies Wraps Up $5.2M
1366 Technologies, a Lexington, MA-based company developing more efficient photovoltaic panels, has raised a $5.2 million Series B round from North Bridge Venture Partners and Polaris Venture Partners, says company president Frank van Mierlo. An SEC filing puts the total offering amount for the round at $6.2 million, but van Mierlo says the round closed … Continue reading “1366 Technologies Wraps Up $5.2M”
CyPhy Works Finds $1.8M
CyPhy Works, the robotics startup led by iRobot co-founder Helen Greiner, has raised $1.75 million in a round of equity financing, according to an SEC filing. The filing does not identify the investors in CyPhy, but the Cambridge, MA, venture firm General Catalyst Partners is listed as a promoter of the startup. Greiner, who is … Continue reading “CyPhy Works Finds $1.8M”
RainDance Hires New CEO
RainDance Technologies, a Lexington, MA-based microfluidics company, has appointed Sirshendu Roopom Banerjee as its new president and CEO, the company announced today. Banerjee most recently served as director of healthcare investment banking at Leerink Swann and succeeds RainDance CEO Christopher McNary, who has taken the position of chief commercial officer at the company.
Ironwood Pharma IPO Price Cut Could Be Only Half the Story
This may not be the bellwether for the IPO market that people were hoping for in the life sciences industry. Cambridge, MA-based Ironwood Pharmaceuticals priced its initial public offering of at least 16.67 million shares last night at $11.25 per share, far below the $14 to $16 range that the firm proposed last month. Smart … Continue reading “Ironwood Pharma IPO Price Cut Could Be Only Half the Story”
Google Pours “Incredible” Computing Power into Antibody Drug Discovery With Adimab
Google is the undisputed king of Internet search and advertising, but its second act as a company might be to invent a new computer model for efficiently discovering targeted antibody drugs. “Google is committing incredible resources to it. Incredible resources,” says Tillman Gerngross, the founder and CEO of Lebanon, NH-based Adimab. “The infrastructure alone is … Continue reading “Google Pours “Incredible” Computing Power into Antibody Drug Discovery With Adimab”
Informal Incubators: Startup Workspaces Sprouting Up in Unlikely Places (Including an Expelled MIT Frat House)
When Mahmoud Arram looked around last spring to move his web startup Sponty from his apartment to a real, live office space (to better accommodate the interns he needed to hire), he sought three things: a door that closed, lots of whiteboard space, and “access to really smart people.” “It’s good to be able to … Continue reading “Informal Incubators: Startup Workspaces Sprouting Up in Unlikely Places (Including an Expelled MIT Frat House)”
All Eyes On Ironwood IPO, Icahn Seeks Biogen Board Seats, Boston Scientific Settles with J&J, & More Boston-Area Life Sciences News
So there was good news and bad news for the New England life sciences community in the past week, but industry watchers this week are all waiting to see how the Ironwood IPO story plays out. —Billionaire investor Carl Icahn and his associates notified Cambridge, MA-based Biogen Idec (NASDAQ:[[ticker:BIIB]]) of their plans to nominate three … Continue reading “All Eyes On Ironwood IPO, Icahn Seeks Biogen Board Seats, Boston Scientific Settles with J&J, & More Boston-Area Life Sciences News”
Syndax Pharmaceuticals Obtains $9,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=57d11f21-be06-4f36-8f3a-2018059d2eb5&Preview=1 Date 2/3/2010 Company Name Syndax Pharmaceuticals Mailing Address 460 Totten Pond Road Waltham, MA 02451 Company Description Syndax Pharmaceuticals, Inc. is a Waltham, MA-based, oncology-focused biotechnology company that is building a portfolio of new oncology products to extend and improve the lives of patients by developing and commercializing novel cancer therapies … Continue reading “Syndax Pharmaceuticals Obtains $9,000,000 New Financing”
1366 Technologies Obtains $5,200,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7e35704-8df8-42a8-8d41-4412fe78177c&Preview=1 Date 2/3/2010 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 Obtains $5,200,000 Series B Funding”
Cyphy Works Lands $1,750,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d4554895-282b-49a0-828c-cb29d9699920&Preview=1 Date 2/3/2010 Company Name Cyphy Works Mailing Address 11 Gage Road Wayland, MA 01778 Company Description The company is a robotics startup that is developing unmanned aerial vehicle technologies. Website http://www.cyphyworks.com Transaction Type Venture Equity Transaction Amount $1,750,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “Cyphy Works Lands $1,750,000 New Round”
XL Hybrids Charges Up with $850K
Somerville, MA-based XL Hybrids, formerly known as Entergem Ventures, has collected $850,000 out of a planned $1.2 million in capital in a sale of warrants and convertible promissory notes, according to a regulatory filing published yesterday. Founded by a group of MIT-affiliated cleantech entrepreneurs, the two-year-old startup is focused on helping organizations acquire and manage … Continue reading “XL Hybrids Charges Up with $850K”
Frank Quattrone, Star Banker of Technology Ventures, Talks Wistfully of the Good Old Days—Before Netscape’s IPO
[Editor’s note 2/3/10, 3:15 pm: Robert Kibble, who conducted the chat with Frank Quattrone at this event, took issue with aspects of this story. See comments below.] At a time when the IPO market appears to be loosening a bit, controversial former investment banker Frank Quattrone appeared before a regular meeting of the San Diego … Continue reading “Frank Quattrone, Star Banker of Technology Ventures, Talks Wistfully of the Good Old Days—Before Netscape’s IPO”
Economics Bloggers See Innovation, Immigration as Paths to Recovery
Despite official data showing that the U.S. economy is out of recession, leading economics bloggers remain cautious about the nation’s economic prospects, with almost half saying that conditions are worse than the official numbers indicate. But government policies boosting entrepreneurship and allowing more high-skilled immigrants into the country could bolster recovery, bloggers say. That’s all … Continue reading “Economics Bloggers See Innovation, Immigration as Paths to Recovery”
Unica Buys MakeMeTop
Unica, a Waltham, MA-based provider of marketing software, announced yesterday that it has made its second acquisition of 2010 with its purchase of the MakeMeTop search marketing business from UK-based Microchannel. Unica (NASDAQ:[[ticker:UNCA]]) did not reveal financial details of its latest acquisition. Last month the firm said it bought the e-mail marketing firm Pivotal Veracity … Continue reading “Unica Buys MakeMeTop”
Previewing Xconomy’s Battle of the Tech Bands (Seattle Vs. Boston) with Dave Dederer from Melodeo and The Presidents of the USA
OK, I need to weigh in on this whole Battle of the Tech Bands thing. In case you didn’t know, it’s this Thursday night at the Middle East in Cambridge, MA. It has a major new twist this year: Seattle versus Boston. The battle is on. And I’m torn. I’m from Boston, after all, but … Continue reading “Previewing Xconomy’s Battle of the Tech Bands (Seattle Vs. Boston) with Dave Dederer from Melodeo and The Presidents of the USA”
NxStage Medical Rebounds on Wall Street, Looks to Grow Home Dialysis Biz
For a while last year, it looked like investors had lost faith in NxStage Medical. But the Lawrence, MA-based company (NASDAQ:[[ticker:NXTM]]), which makes portable dialysis machines for kidney failure patients, found its stride last May when it struck a financing and partnership deal with Japanese medical supplies firm Asahi Kasei Kuraray Medical. The Asahi deal … Continue reading “NxStage Medical Rebounds on Wall Street, Looks to Grow Home Dialysis Biz”
Online Voice Provider Vivox Raises Another $6.8 Million to Support “Explosive Growth”
Vivox, the Natick, MA, startup best known for voice software that allows inhabitants of virtual worlds such as Second Life, EVE Online, and EverQuest to talk with each other over the Internet, has completed a third round of venture funding totaling $6.8 million. New investor IDG Ventures SF of San Francisco led the round, with … Continue reading “Online Voice Provider Vivox Raises Another $6.8 Million to Support “Explosive Growth””
XL Hybrids Lands $850,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=264c9b7e-4a2a-47c7-a63d-1df536abbeb9&Preview=1 Date 2/2/2010 Company Name XL Hybrids Mailing Address 47 Webster Avenue Somerville, MA 02143 Company Description Headquartered in Massachusetts, XL Hybrids provides hybrid vehicle solutions for commercial fleet owners. XL Hybrids delivers value to our customers by improving fleet fuel economy, reducing maintenance costs and significantly lowering emissions. Website http://www.xlhybrids.com Transaction … Continue reading “XL Hybrids Lands $850,000 New Funding Round”
Vivox Lands $6,800,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e0dab72-c2b7-4c82-9f5a-b92694043c53&Preview=1 Date 2/2/2010 Company Name Vivox Mailing Address 2 Mercer Rd Natick, MA 01760 Company Description Vivox managed services generate natural and engaging online interactions that reflect the intelligence, power and nuance of the physical world. Website http://www.vivox.com Transaction Type Venture Equity Transaction Amount $6,800,000 Transaction Round Series C Proceeds Purposes Proceeds … Continue reading “Vivox Lands $6,800,000 Series C Financing Round”