Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=38892740-73c8-44c4-bd9a-cfa3e4f8ab77 Date 3/3/2016 Company Name LTG Exam Prep Platform Mailing Address 76 Summer Street 5th Floor Boston, MA 02110 USA Company Description LTG Exam Prep Platform is a tech-education company developing a robust self-learning mobile platform to enable students and others to study for standardized tests. Website http://www.prep4gmat.com Transaction Type Venture Equity … Continue reading “LTG Exam Prep Platform Lands $5,330,000 Series A Funding”
Category: Boston
Syndax Cuts Price But Bags $53M in Second IPO Try
Over the past year, Syndax Pharmaceuticals has altered its strategic course and hired new management to implement it. And it looks like that change was big enough to propel Waltham, MA-based Syndax through the IPO queue on its second attempt since late 2014—albeit not on the terms the company had hoped for. Syndax sold 4.4 … Continue reading “Syndax Cuts Price But Bags $53M in Second IPO Try”
Famed Cryptographers, Turing Awardees Back Apple at RSA Conference
No surprise—the conflict between Apple and the FBI is dominating many sessions at the big RSA Conference in San Francisco this week. Some of the most intriguing comments came from a panel of distinguished cryptographers, including Whitfield Diffie, former chief security officer of Sun Microsystems, and Stanford professor Martin Hellman. On the RSA stage before … Continue reading “Famed Cryptographers, Turing Awardees Back Apple at RSA Conference”
Making the Web More Open: Drupal Creator Floats an “FDA for Data”
When Dries Buytaert created the open-source Web publishing system Drupal in his college dorm room in Belgium 15 years ago, the ways people interacted with the Internet looked a lot different. Google was still a small private company. Facebook, Twitter, and the iPhone didn’t exist. Only 7 percent of the world’s population had Internet access. … Continue reading “Making the Web More Open: Drupal Creator Floats an “FDA for Data””
Proximetry Teams Up with GE on Industrial Internet Technology
San Diego-based Proximetry, which specializes in software used to manage critical devices in the Internet of Things (IoT), said it has begun working to integrate its technology with Predix, GE’s cloud platform for the industrial Internet. Under a new partnership with GE Digital, Proximetry said it worked with GE engineers to develop Predix EdgeManager, technology … Continue reading “Proximetry Teams Up with GE on Industrial Internet Technology”
FAST Act Offers More Goodies to Emerging Growth Companies
Once again proving that you can’t judge a gift by its box, emerging growth companies (EGCs) received a pleasant, but oddly wrapped, surprise in December with the enactment of a new law authorizing spending on highway and transit projects. Although adopted with less fanfare than the JOBS Act, the new FAST Act (that’s short for … Continue reading “FAST Act Offers More Goodies to Emerging Growth Companies”
Cengage Continues Down Edtech Path, Unveils Remedial Math Software
Education’s ongoing shift toward digital content and learning experiences has pushed entrenched textbook publishers to try to reinvent themselves as software companies. Boston-based Cengage Learning, one of those industry stalwarts, seems to be making progress on that transformation. CEO Michael Hansen projects that digital products will make up the majority of Cengage’s revenue within two … Continue reading “Cengage Continues Down Edtech Path, Unveils Remedial Math Software”
Neurovance Receives $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0093565c-2362-48a4-adbc-2ad09315f22b Date 3/2/2016 Company Name Neurovance Mailing Address 43 Thorndike Street Cambridge, MA 02141 USA Company Description Neurovance is a clinical stage neuroscience-focused company. Following development of centanafadine SR (formerly EB-1020 SR) for adult ADHD, Neurovance will develop centanafadine SR for adolescent and pediatric ADHD. Website http://www.neurovance.com Transaction Type Debt Transaction Amount … Continue reading “Neurovance Receives $1,000,000 New Financing”
Verax Biomedical Obtains $12,554,365 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ae1d331-60db-4b78-bf4f-467c506de819 Date 3/2/2016 Company Name Verax Biomedical Mailing Address 148 Bartlett Street Marlborough, MA 01752 USA Company Description Verax Biomedical is a leader in the development of rapid tests designed to detect a broad range of bacterial contaminants based upon its proprietary Pan Genera Detection (PGD) technology. Website http://www.veraxbiomedical.com Transaction Type Venture … Continue reading “Verax Biomedical Obtains $12,554,365 New Round”
Robot RUKUS (Robotics in the UK & US) Inaugural Reception
Join the British Consulate General Boston and UK Trade & Investment at the kick-off reception for Robot RUKUS (Robotics in the UK & US). We welcome you to join us at the MIT Museum, where we’ll gather with roboticists, students, and entrepreneurs to celebrate the UK’s brilliance in robotics and engineering, and to foster ties … Continue reading “Robot RUKUS (Robotics in the UK & US) Inaugural Reception”
Robot RUKUS (Robotics in the UK & US) Panel Sessions
Join the British Consulate General Boston and UK Trade & Investment for panel sessions with UK roboticists and thought leaders from the New England robotics community. The three panel sessions will cover the role of robotics in healthcare, autonomous systems, and defence applications. For the full list of panelists & registration click here.
Unequal Pay: The Worst and Best Cities for Women in Tech
It’s no secret that a wage gap exists between men and women, and that there are groups working to narrow the divide. But did you know that the disparity of pay between male and female workers, in the tech field at least, is larger in some areas of the country than others? While that much … Continue reading “Unequal Pay: The Worst and Best Cities for Women in Tech”
Wayfair, Amazon Led Boston Tech’s 2015 Hiring Binge—What’s Next?
Boston-area software companies just capped off their busiest year of hiring since 2012, but there are signs of a possible slowdown on the horizon. Local digital-tech companies added approximately 755 net new jobs in the fourth quarter last year, according to the most recent quarterly study of local data compiled by John Barrett, a Boston-area … Continue reading “Wayfair, Amazon Led Boston Tech’s 2015 Hiring Binge—What’s Next?”
With Eye Drug Data, Aldeyra Takes a Small Step Forward in Inflammation
One of biotech’s biggest Wall Street winners on Monday was one of its smaller outfits—a Lexington, MA-based biotech called Aldeyra Therapeutics. It’s no surprise if you haven’t heard of Aldeyra (NASDAQ: [[ticker:ALDX]]). The company went public two years ago with one of the smaller biotech IPOs in recent memory, netting $10.1 million. It has a … Continue reading “With Eye Drug Data, Aldeyra Takes a Small Step Forward in Inflammation”
Boston Tech Watch: Telehealth, Fantasy Sports, Cleantech, More
This week in Boston tech, we’re tracking a win for DraftKings and the daily fantasy sports industry, a pair of cleantech announcements, Wayfair’s rapid expansion, and more. Read on for details. —Virginia’s legislature became the first to pass a bill regulating daily fantasy sports, despite concerns from gambling support organizations that argue the proposal doesn’t … Continue reading “Boston Tech Watch: Telehealth, Fantasy Sports, Cleantech, More”
IBM Confirms Resilient Systems Acquisition; No Terms Yet
In a deal that Xconomy was first to report on last week, IBM Security confirmed it plans to acquire Resilient Systems, a Cambridge, MA-based cybersecurity startup with about 100 employees. The financial terms and structure weren’t disclosed, but one source with knowledge of the deal previously told me the price is north of $100 million. … Continue reading “IBM Confirms Resilient Systems Acquisition; No Terms Yet”
New York City: En Route to a Bio Cluster
Marc Tessier-Lavigne was the first Rockefeller University president to come from industry when he left a top job at Genentech in 2011 to move on to Manhattan’s East Side. In his five years running Rockefeller, Tessier-Lavigne was a staunch advocate of New York City’s life sciences scene, believing in its potential to rise as the … Continue reading “New York City: En Route to a Bio Cluster”
Tyrogenex Secures $543,952 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e458b4ad-5f9e-4967-95fb-cb8c0bba1d1a Date 2/29/2016 Company Name Tyrogenex Mailing Address 197 1st Avenue Needham Heights, MA 02494 USA Company Description Founded in 2006, Tyrogenex is comprised of an experienced team that is dedicated to advancing next generation targeted therapeutics as promising new treatments to improve the lives of cancer patients. Website http://www.xcovery.com Transaction Type … Continue reading “Tyrogenex Secures $543,952 New Funding Round”
Alzheon Obtains $1,300,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c261bfe-ef34-4464-a4c7-d14bbceefc3e Date 2/29/2016 Company Name Alzheon Mailing Address 111 Speen Street Framingham, MA 01701 USA Company Description Alzheon is a clinical-stage biotechnology company focused on brain health, memory and aging, developing innovative treatments for Alzheimer’s disease and other neurodegenerative disorders. Website http://www.alzheon.com Transaction Type Debt Transaction Amount $1,300,000 Transaction Round Undisclosed Proceeds … Continue reading “Alzheon Obtains $1,300,000 New Financing Round”
DraftKings Garners $400,020 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8587ea1a-2559-4116-ba67-d536966d1e94 Date 2/29/2016 Company Name DraftKings Mailing Address 47 Winter Street 3rd Floor Boston, MA 02108 USA Company Description DraftKings, which was recently named one of “Five you should follow” by Mass High Tech’s Startup Watch, allows people to not only play for one day, but they can bet through the website … Continue reading “DraftKings Garners $400,020 New Funding”
Centage Receives $4,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6160846-328c-4f0a-ab30-f666402fbaaf Date 2/29/2016 Company Name Centage Mailing Address 24 Prime Parkway Natick, MA 01760 USA Company Description Centage Corporation is the world leader in automated, budgeting and planning software solutions for small to medium-sized organizations. Website http://www.centage.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes The latest infusion … Continue reading “Centage Receives $4,000,000 New Round”
MIT Spinout Arctic Sand Surges With $19M From Murata, GE, Others
Arctic Sand Technologies announced Thursday it raised $19 million to boost its business selling power conversion semiconductors used in mobile devices and data centers. The Cambridge, MA-based company’s Series B round was led by Murata Manufacturing, along with co-investors GE Ventures, Northwater Capital and Arsenal Venture Partners. Arctic Sand raised $9.6 million in a Series … Continue reading “MIT Spinout Arctic Sand Surges With $19M From Murata, GE, Others”
Bluebird Bio CFO Names Walsh CFO as DeTore Steps Down
Cambridge, MA-based Bluebird Bio (NASDAQ: [[ticker:BLUE]]) says that chief financial officer Jim DeTore has decided to leave the company effective March 18. Starting on March 1, Jeffrey Walsh, who has been Bluebird’s chief operating officer since May 2011, will be named “chief financial and strategy officer” as well.
eviCore Acquires QPID Health for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c28b9a78-44c1-4749-bebf-92329d5e9dea Date 2/26/2016 Company Name QPID Health Mailing Address One Financial Center 8th Floor Boston, MA 02111 USA Company Description QPID Health’s clinical intelligence software automatically delivers relevant patient information from electronic health records and other data sources into clinical and administrative workflows. With QPID, clinicians are more productive, patients benefit from … Continue reading “eviCore Acquires QPID Health for Undisclosed Sum”
NYCEDC Bets on Streamlined Pilot Studies to Buoy NY Healthtech Startups
It’s one thing to come up with a new digital health product, say an operating system for health benefits, or a widget to help with patient referrals, that you think might change healthcare. It’s another to get clinicians to actually use it. That’s where pilot studies, or test runs of a new technology at a … Continue reading “NYCEDC Bets on Streamlined Pilot Studies to Buoy NY Healthtech Startups”
Kayak Alum Plays to Strengths and Origins With 1st Startup, Drafted
As a first-time startup CEO, Vinayak Ranade has taken the old adage “play to your strengths” to heart. When running a startup, “everything is fundamentally hard. There are 100 different ways you could fail,” says Ranade, who started Boston-based Drafted, a job recruiting and referral software company, in September 2014. “I try to leverage every … Continue reading “Kayak Alum Plays to Strengths and Origins With 1st Startup, Drafted”
The Road to Safe, Secure Driverless Cars
The development of autonomous vehicles promises a future of safe and efficient roads, unimpeded by distracted, impaired, aggressive, or deliberately speeding drivers. But to achieve this, the companies involved in developing driverless cars will have to navigate significant obstacles. The transition from personally controlled to automated vehicles can be likened to the shift that occurred … Continue reading “The Road to Safe, Secure Driverless Cars”
Versago Vascular Access Obtains $1,650,000 Seed Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1087f8a0-3f21-45ed-ad95-a3eb21dba04a Date 2/25/2016 Company Name Versago Vascular Access Mailing Address 375 West Street West Bridgewater, MA 02379 USA Company Description Versago is a true platform technology, spanning several fields with its unique design. Our patented technology displaces multiple traditional access applications in Apheresis and Chemotherapy, and opens several new ones such as … Continue reading “Versago Vascular Access Obtains $1,650,000 Seed Financing”
Cerahelix Lands $575,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a92fefcf-d62e-4443-ac5f-4e23c9d8bd4c Date 2/25/2016 Company Name Cerahelix Mailing Address 20 Godfrey Drive Orono, ME 04473 USA Company Description Cerahelix is developing the helix-NFM nanofiltration membrane to meet the world’s growing need for increased access to clean, fresh drinking water. Website http://www.cerahelix.com Transaction Type Venture Equity Transaction Amount $575,000 Transaction Round Series A Proceeds … Continue reading “Cerahelix Lands $575,000 Series A Round”
Mobile Development Startup Xamarin Bought by Microsoft
File this under least-surprising acquisition of 2016: Microsoft said today it is buying Xamarin, a San Francisco- and Boston-based company that builds tools for mobile-app development. Terms of the deal haven’t been disclosed; it’s expected to close in the next month. Rumors of an acquisition by Redmond, WA-based Microsoft (NASDAQ: [[ticker:MSFT]]) previously surfaced in 2014. … Continue reading “Mobile Development Startup Xamarin Bought by Microsoft”
Techstars Boston’s Latest Class Signals Accelerator’s Diversity Push
Six months after Techstars announced a plan to boost the diversity of its accelerator programs around the world, the Boston group seems to be making some progress on that front. Techstars Boston announced the companies in its latest session today. Of the 14 startups, two are led by women and another four firms have at … Continue reading “Techstars Boston’s Latest Class Signals Accelerator’s Diversity Push”
Dyson, Maeda, Jepsen, & More at Our Napa Summit–Request Your Invite
Forget for a moment our truly mind-blowing presidential possibilities. Consider instead the wellspring of innovators and innovation out there, and you’ll feel better about the future, no matter where your political anxieties lie. And then imagine coming to Napa in mid-May to join Xconomy at our most special event—where you will enjoy first-hand interaction with … Continue reading “Dyson, Maeda, Jepsen, & More at Our Napa Summit–Request Your Invite”
Pronutria Biosciences Lands $42,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=79425500-1afd-49c2-9969-bd016cf76f72 Date 2/24/2016 Company Name Pronutria Biosciences Mailing Address 840 Memorial Drive 3rd Floor Cambridge, MA 02139 USA Company Description Pronutria is pioneering first-in-class medicines to treat or cure serious conditions where cell homeostasis has been disrupted by amino acid imbalances. We achieve this by using a systems pharmacology approach to deliver … Continue reading “Pronutria Biosciences Lands $42,500,000 New Financing”
Battery Ventures Staying the Course With $950M in New Funds
Battery Ventures, a Boston-based firm with branches in the Bay Area and Israel, now has $950 million in new money to invest, the company announced today. Battery has set up a $650 million main fund, Battery Ventures XI, and allocated $300 million to its new Battery Ventures XI Side Fund, which will make investment bets … Continue reading “Battery Ventures Staying the Course With $950M in New Funds”
Pronutria, Eyeing Clinical Push, Gets $42.5M From Nestle Health
Pronutria Biosciences has grabbed another large funding round, announcing today a $42.5 million investment from Nestlé Health Science that the company hopes will get its first drug candidates all the way into late-stage clinical trials. It’s the second significant investment in less than a year. Last May, Pronutria raised a $39 million Series C round … Continue reading “Pronutria, Eyeing Clinical Push, Gets $42.5M From Nestle Health”
Déjà Vu for PTC as FDA Declines to Consider Duchenne Drug App
Two times, PTC Therapeutics has asked the FDA to look at an application to approve a Duchenne muscular dystrophy drug it’s been developing. And now two times, the agency has sent the South Plainfield, NJ-based company back to the drawing board. This morning, PTC (NASDAQ: [[ticker:PTCT]]) announced that it’s received a “refuse to file” letter … Continue reading “Déjà Vu for PTC as FDA Declines to Consider Duchenne Drug App”
Source: IBM Security to Acquire Resilient Systems for $100M+
[Updated, 2/24/16, 12:45pm] IBM is adding to its arsenal of acquisitions in cybersecurity. Resilient Systems, a Cambridge, MA-based company that helps organizations respond to cyber attacks, is being bought by IBM Security, according to two sources with knowledge of the deal. One source puts the acquisition price at more than $100 million. The deal’s financial … Continue reading “Source: IBM Security to Acquire Resilient Systems for $100M+”
Alexandria, Lodo Founders to Join NY’s Bio Disruptors on March 29
We’re bringing together some of New York’s leading life science entrepreneurs, investors, and executives for an evening of candid stories on March 29, and, until midnight, we’re offering you the chance to save $45 on your ticket. We’ve added two new speakers to our lineup: Sean Brady, an associate professor at Rockefeller University and the … Continue reading “Alexandria, Lodo Founders to Join NY’s Bio Disruptors on March 29”
Realizing the Return on Digital Health Technologies
A “Wired for Health” study recently reported by The Scripps Translational Science Institute in San Diego poses a significant challenge for those working to realize the potential of digital health technologies. The Scripps team has been investigating the relationship between wireless health-monitoring technologies, healthcare costs, and outcomes in patients with chronic disease. After equipping one cohort of patients … Continue reading “Realizing the Return on Digital Health Technologies”
Finomial Garners $1,642,325 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b6f78a52-5b37-494a-8c99-d9ac71af51ca Date 2/23/2016 Company Name Finomial Mailing Address 1 Mifflin Place Cambridge, MA 02138 USA Company Description Finomial transforms the buy side investment process, investor analytics, and regulatory compliance by automating the current manual hedge fund subscription process between investor, fund manager and administrator. Website http://www.finomial.com Transaction Type Venture Equity Transaction Amount … Continue reading “Finomial Garners $1,642,325 New Funding”
Database Startup NuoDB Grabs $17M From Previous Backers
[Corrected and updated 2/23/16, 7:42 a.m. See below.] NuoDB, part of a pack of database-technology startups in the Boston area, just scooped up $17 million from investors as it tries to make a bigger dent in the sector. Founded in 2008, the Cambridge, MA-based company has now raised $59.7 million total in venture capital, a spokeswoman … Continue reading “Database Startup NuoDB Grabs $17M From Previous Backers”
Former Apple Exec: Biometrics Could Help Prevent a Backdoor for Feds
As Apple and federal authorities lock horns over whether the tech giant should provide software to weaken the defenses of an iPhone belonging to one of the shooters in San Bernardino, CA, a former Apple executive says his startup’s technology could help resolve such situations. Chuck Goldman—founder and former CEO of mobile app management company … Continue reading “Former Apple Exec: Biometrics Could Help Prevent a Backdoor for Feds”
Investor Survey, Part 2: A Pair of Seattle VCs on 2016 Themes
Will a new crop of Seattle startups rise to world domination? Will virtual or augmented reality applications create the next powerhouse tech company? Those are two of the overriding hopes and ambitions emerging from the Seattle segment of my informal cross-country survey of leading investors as I seek to unearth core investment themes and premises … Continue reading “Investor Survey, Part 2: A Pair of Seattle VCs on 2016 Themes”
Finding Innovation in the Modern Data Center
The modern data center is going through a period of transition. Traditional data center infrastructures are increasingly giving way to disruptive and innovative technologies such as cloud computing and hyperconvergence. Business demands and IT challenges are forcing executives to take a longer look at investments that will accelerate innovation, provide a competitive advantage, and achieve … Continue reading “Finding Innovation in the Modern Data Center”
Avrobio Receives Seed Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f74c31a7-28f4-453c-b992-f09d11235a31 Date 2/22/2016 Company Name Avrobio Mailing Address 400 Technology Square 10th Floor Cambridge, MA 02139 USA Company Description AVROBIO is a clinical stage company developing step-change cell and gene therapies targeting cancer and rare disease. The catalyst for creating AVROBIO is to accelerate scientific breakthroughs related to the convergence of cell … Continue reading “Avrobio Receives Seed Financing Round”
From Funding to “Failure,” Boston Tech’s Roller Coaster Week
The past week in Boston demonstrated the range of emotions that people can experience working at a tech company. From the highs of snagging millions of investment dollars and launching products, to the lows of pulling the plug on a startup, this week had it all. Read on for details. —Indigo, a two-year-old Cambridge, MA, … Continue reading “From Funding to “Failure,” Boston Tech’s Roller Coaster Week”
NuoDB Secures $16,999,999 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8bf63ce3-bc29-4823-8459-d0ea0659eb3b Date 2/19/2016 Company Name NuoDB Mailing Address 215 First Street Cambridge, MA 02142 USA Company Description NuoDB is a NewSQL database. It looks and behaves like a traditional SQL database from the outside but under the covers it’s a revolutionary database solution. It is a new class of database for a … Continue reading “NuoDB Secures $16,999,999 New Financing”
Jana Grabs $57M to Bring Mobile Internet to India and Rest of World
Increasingly, U.S. tech companies aren’t battling for users on their home turf—they’re competing in the developing world. The latest reminder of that is Jana, a Boston-based software startup that today announced a $57 million Series C round led by new investor Verizon Ventures. Previous backers Spark Capital and Publicis Groupe also invested. That brings Jana’s … Continue reading “Jana Grabs $57M to Bring Mobile Internet to India and Rest of World”
Watson Health Buying Truven in $2.6B Megadeal for Data
IBM Watson Health is growing through a major acquisition that consolidates the worlds of clinical data and employer and insurance data. The healthcare-computing division of Big Blue is announcing today its plan to acquire Truven Health Analytics for $2.6 billion. For now, IBM declined to specify the financial structure of the deal. A spokeswoman said … Continue reading “Watson Health Buying Truven in $2.6B Megadeal for Data”
A North Carolina High School that Spins Out Entrepreneurs
Over the years, many successful ventures have emerged from North Carolina’s rich concentration of university researchers. Some of the state’s innovators get an even earlier start: high school. North Carolina School of Science and Mathematics (NCSSM) began in 1980 as an innovation itself, founded as a public residential high school for academically talented high school … Continue reading “A North Carolina High School that Spins Out Entrepreneurs”