Category: Indiana

OrthoPediatrics Bones Up on IPO for Children’s Medical Devices

Children’s bones are quite different from those of adults. Besides being smaller, OrthoPediatrics says, a child’s bone is more curved and has growth plates that must be protected. While several companies serve the global orthopedic medical devices market, OrthoPediatrics claims to be the only one focused on these nuances of pediatric orthopedics. Now the Warsaw, … Continue reading “OrthoPediatrics Bones Up on IPO for Children’s Medical Devices”

Animated Dynamics Secures $1,700,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=78ec190a-8894-4c8e-89f4-200441d26de9 Date 6/20/2016 Company Name Animated Dynamics Mailing Address 5770 Decatur Blvd. Indianapolis, IN 46241 USA Company Description Animated Dynamics invented Motility Contrast Tomography (MCT), an advanced form of digital holography which measures kinetic activity at the nano-scale. Website http://www.anidyn.com Transaction Type Venture Equity Transaction Amount $1,700,000 Transaction Round Series A Proceeds … Continue reading “Animated Dynamics Secures $1,700,000 Series A Funding Round”

Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Familiar biotech names—not necessarily familiar for the right reasons—made news this week in biotech. Data from a hematology conference stoked dreams of approval, though still on a far horizon, for a couple drug makers. Long anticipated, Walgreens officially cut ties with Theranos, and the FDA both gave and denied approvals. You think a Game 7 … Continue reading “Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More”

Animated Dynamics Closes on $1.7M for Cancer Imaging Technology

[Corrected 6/17/16, 12:54 p.m. See below] Animated Dynamics has closed $1.7 million in venture funding for a medical imaging technology developed to help doctors get a better view of the cancers that they’re treating. Caravel Ventures led the Series A round, which included investments from Elevate Ventures, the Purdue Research Foundation, and Vestian. Indianapolis-based Animated … Continue reading “Animated Dynamics Closes on $1.7M for Cancer Imaging Technology”

Balancing Risks and Opportunities: The Board’s Perspective

People start a business for many reasons. Some do it out of sheer passion, while others do it to create wealth and economic growth. Yet, underlying it all is a willingness to take risks. Entrepreneurs and established companies make risky decisions every day in the hope that those risks will translate into better opportunities, better … Continue reading “Balancing Risks and Opportunities: The Board’s Perspective”

Purdue, Private Developer Aim to Build $1.2B “Innovation District”

Under a new proposal, about 450 acres on the west end of Purdue University’s West Lafayette, IN, campus are set to be transformed into the “Purdue Innovation District,” a potentially $1.2 billion hub of academic and economic activity. Project partners Purdue Research Foundation and Indianapolis-based Browning Investments unveiled plans for the mixed-use project on Monday. … Continue reading “Purdue, Private Developer Aim to Build $1.2B “Innovation District””

Vennli’s Software Brings Consumer Decisions Into View

The best way for many businesses to get a sense of what their customers are thinking is to simply ask them. Customer surveys are a tried and true method of taking the market’s pulse. But they’re also stuck in time, says Gary Gigot. Gigot, co-founder and CEO of software startup Vennli, says survey information quickly … Continue reading “Vennli’s Software Brings Consumer Decisions Into View”

Biotech Roundup: ASCO, BIO, Drug Setbacks, Incubators & More

If you blinked, you probably missed something this week in biotech. The nation’s biggest annual cancer meeting took place in Chicago, while biotech’s trade group held its annual confab in San Francisco. In Boston, there were more twists for a closely watched Duchenne muscular dystrophy drug and a setback for a high-profile drug for multiple … Continue reading “Biotech Roundup: ASCO, BIO, Drug Setbacks, Incubators & More”

In Race to Relief, Amgen Touts New But Incomplete Migraine Data

A quartet of drugs that could prevent migraine headaches, not just treat the symptoms, are competing to get to market. Amgen (NASDAQ: [[ticker:AMGN]]) of Thousand Oaks, CA, announced Wednesday that its candidate, dubbed erenumab, met the main goal of a 667-patient mid-stage study. If a larger Phase 3 test that should wrap up soon also … Continue reading “In Race to Relief, Amgen Touts New But Incomplete Migraine Data”

Algaeon Secures $261,800 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=44084e35-82d2-46e3-9b0a-4fd1f56d78ec Date 6/8/2016 Company Name Algaeon Mailing Address 7601 East 88th Place Indianapolis, IN 46256 USA Company Description Algaeon supplies high-value products derived from algae to companies in the human nutraceutical and fish feed industries. Website http://www.algaeon-inc.com Transaction Type Venture Equity Transaction Amount $261,800 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “Algaeon Secures $261,800 New Funding Round”

Spine Medical Device Firm LDR Holdings Bought by Zimmer Biomet for $1B

Austin—Medical device company LDR Holdings (NASDAQ: [[ticker:LDRH]]) has been acquired for about $1 billion in cash by fellow device manufacturer Zimmer Biomet (NYSE: [[ticker:ZBH]]). Zimmer’s offer to pay $37 a share represents a 64 percent premium to LDR’s closing price on Monday. Zimmer, which is based in Warsaw, IN, picked up LDR to add the … Continue reading “Spine Medical Device Firm LDR Holdings Bought by Zimmer Biomet for $1B”

Vennli Draws Up $5M+ Round for Visualization Software

Analytics is a big buzzword in business circles these days. As companies in a growing number of industries snap up software to help them hone their marketing efforts, Indiana startup Vennli is arming itself with $5.3 million in fresh cash to support its analytics software. The new money for South Bend, IN-based Vennli is part … Continue reading “Vennli Draws Up $5M+ Round for Visualization Software”

Biotech Roundup: Deals Gone Wrong, Ethical Red Flags & Bay Goodbyes

It was fitting this week that, in the lead-up to two of biomedicine’s biggest self-celebrations, we were served ample reminder of the industry’s expensive decisions gone wrong. This weekend, much of academia and industry involved in cancer will gather in Chicago for the annual American Society of Clinical Oncology conference. Thousands of others will head … Continue reading “Biotech Roundup: Deals Gone Wrong, Ethical Red Flags & Bay Goodbyes”

7 Steps Online Companies Can Take to Manage Sales Tax Exposure

States have been fighting to collect sales taxes from online retailers since the dawn of the e-commerce age. But today, online companies that sell services rather than merchandise also need to be concerned about state sales taxes. Even though most services are usually not subject to sales tax, some states are now asserting that certain … Continue reading “7 Steps Online Companies Can Take to Manage Sales Tax Exposure”

Blue Pillar Lands $3,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d0a8341c-bd9c-4e8b-847c-3ca378f7587d Date 6/3/2016 Company Name Blue Pillar Mailing Address 9025 River Road Indianapolis, IN 46240 USA Company Description Power management software platforms that connect, control and centralize critical and complex facilities. Delivering IoT for the energy market. Website http://www.bluepillar.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Blue Pillar Lands $3,000,000 New Round”

Vennli Obtains $5,356,327 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ecb513b1-9994-4bd8-ab8a-9d1510e8be0a Date 6/3/2016 Company Name Vennli Mailing Address 112 W. Jefferson Blvd. South Bend, IN 46601 USA Company Description At the heart of Vennli is the vLens – a dynamic Venn diagram where your customers’ Choice Factors (the attributes customers weigh when deciding what to purchase) are visualized using our patent pending … Continue reading “Vennli Obtains $5,356,327 New Financing Round”

A Startup CEO Visits Cuba in Transition

I just returned from several days visiting Cuba with several of my BFFs. No amount of pre-reading prepared me for the wonderful experience. Americans cannot go as “tourists,” but must go on an approved people-to-people exchange. As such, we visited schools, farms, a university, children’s programs, museums, churches, a factory and the like. I’m sharing … Continue reading “A Startup CEO Visits Cuba in Transition”

Marketing Startup DemandJump Gets $1.8M to Boost Sales, Development

Carmel, Indiana-based startup DemandJump closed a $1.8 million equity funding round last month, attracting investments from tech-industry stalwarts 4G Ventures, Hyde Park Venture Partners, and Bob Davoli, managing director at Sigma Prime Ventures. Hyde Park and 4G—led by former ExactTarget executive Tim Kopp and onetime Aprimo CEO Bill Godfrey, respectively—also participated in a $750,000 seed … Continue reading “Marketing Startup DemandJump Gets $1.8M to Boost Sales, Development”

Salesforce Buys Demandware for $2.8B in Big E-Commerce Bet

Cloud business software giant Salesforce plans to snap up Demandware for $2.8 billion in cash, marking one of the biggest acquisitions of a Massachusetts tech company in recent memory (this side of the pending $67 billion Dell-EMC deal). In acquiring Burlington, MA-based Demandware (NYSE: [[ticker:DWRE]]), San Francisco-based Salesforce (NYSE: [[ticker:CRM]]) gains a big outpost in … Continue reading “Salesforce Buys Demandware for $2.8B in Big E-Commerce Bet”

With Recruits Coming, Precision Med Effort Pledges $142M For Biobank

The Obama administration’s ambitious long-term health study, dubbed the Precision Medicine Initiative, has tapped the Mayo Clinic to build a repository for biological samples collected from the study’s participants. Through the National Institutes of Health, the administration has awarded $142 million over five years to the Rochester, MN-based Mayo Clinic for the so-called “biobank,” which … Continue reading “With Recruits Coming, Precision Med Effort Pledges $142M For Biobank”

117M LinkedIn Passwords for Sale: What You Should Do Now

Last week, a hack many of us had forgotten about shot right back into the headlines. First, the background: in 2012, LinkedIn acknowledged it had suffered a data breach that exposed the passwords of 6.5 million of its customers. What we discovered last week, however, was that the breach was actually much bigger than anyone … Continue reading “117M LinkedIn Passwords for Sale: What You Should Do Now”

Biotech Roundup: Duchenne Delay, Forum’s Fate, Califf, Ionis & More

Memorial Day weekend may be fast approaching, but don’t fire up those grills yet: there’s plenty of headlines to dig into first in our biotech trip around the Xconomy network. In New York, the nation’s most prestigious science competition changed sponsors for just the second time in its 74-year history. In Boston, one company’s controversial … Continue reading “Biotech Roundup: Duchenne Delay, Forum’s Fate, Califf, Ionis & More”

SteadyServ Technologies Lands $5,400,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1a89a639-25d5-48ff-844d-be4cc438138b Date 5/27/2016 Company Name SteadyServ Technologies Mailing Address 12758 Hamilton Crossing Boulevard Carmel, IN 46032 USA Company Description The SteadyServ iKeg system is a mobile, SaaS-based inventory and order management system for the beer industry. We provide real time intelligence for retail establishment and distributor sales staff members via an app … Continue reading “SteadyServ Technologies Lands $5,400,000 New Funding”

FDA Commish Califf to Big Data Crowd: Flood Of New Treatments Coming

New FDA commissioner Robert Califf said Wednesday that the recent spike in drug approvals is no temporary phenomenon, thanks to a better understanding of biology and continued adoption of sophisticated technology throughout healthcare. “I predict we’ll see of a flood of effective treatments”—not just drugs but combinations of drugs and data-enabled devices—“and we’ll have to … Continue reading “FDA Commish Califf to Big Data Crowd: Flood Of New Treatments Coming”

Verizon’s “Multicast” Aims to Put Indy 500 Fans in the Driver’s Seat

Racecar driver Simon Pagenaud started the Angie’s List Grand Prix of Indianapolis from the pole and led 57 of its 82 laps on his way to Victory Circle earlier this month. And Verizon Wireless subscribers across the world were invited along for the ride, thanks to streaming video from in-car cameras delivered via the carrier’s … Continue reading “Verizon’s “Multicast” Aims to Put Indy 500 Fans in the Driver’s Seat”

Software Robots Are Transforming Old Guard Industries

Everyone’s talking about robots and automation. Do you imagine having a “Rosie” cleaning your home, or the next industrial revolution of automation putting millions out of work? Neither is quite reality, but there is a highly valuable virtual workforce of “software robots” working in today’s offices. They aren’t rolling around like BB-8 delivering the mail, … Continue reading “Software Robots Are Transforming Old Guard Industries”

Magnomics Mastitis Diagnostic Lands Prize, Finds Potential NC Partner

While the financial costs of mastitis are clear, the diagnostic options for this dairy cow infection are muddled. Laboratory tests take days to return to farmers any useful information, time that eats into a dairy farm’s milk production. Magnomics aims to improve mastitis detection with a diagnostic device designed for farm use. The Cantanhede, Portugal-based … Continue reading “Magnomics Mastitis Diagnostic Lands Prize, Finds Potential NC Partner”

In Connected Toys, Edwin the Duck Appeals to Consumers, Investors

Edwin the Duck flew onto retailers’ shelves in late November, and within six weeks he’d nested in about 14,000 homes across the country. Now the $100 tech-enhanced rubber ducky is making waves overseas. Introduced in Apple stores throughout Europe last month, Edwin’s early success there has its Indiana-based creators contemplating an international outpost to focus … Continue reading “In Connected Toys, Edwin the Duck Appeals to Consumers, Investors”

The Biotech Roundup: Immunotherapy Ups And Downs, Gene Deals & More

A quick housekeeping note: Starting this week, we are combining our East Coast and West Coast biotech roundups into a single weekly post that will also include highlights from our other cities and regions, including Texas, Michigan, Wisconsin, and Xconomy’s latest bureau, Indiana. As with our bygone coastal roundups, this new national roundup is not … Continue reading “The Biotech Roundup: Immunotherapy Ups And Downs, Gene Deals & More”

Springbuk Lands $3,750,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2c285532-78c4-425d-af29-03a1573801dd Date 5/20/2016 Company Name Springbuk Mailing Address 8445 Keystone Crossing Indianapolis, IN 46240 USA Company Description Springbuk is a nationally-recognized resource for population health. Our team has worked alongside more than 6,000 companies that represent 60 million employee lives. Website http://www.springbuk.com Transaction Type Venture Equity Transaction Amount $3,750,000 Transaction Round Series … Continue reading “Springbuk Lands $3,750,000 Series A Financing”

Health Analytics Startup Springbuk Lands $3.75M Venture Round

Springbuk, a year-old Indianapolis health analytics firm that serves mid- to large-size employers, said Thursday that it raised $3.75 million in a Series A funding round led by St. Louis-based Lewis & Clark Ventures. The company plans to use the capital to fuel product innovation and strategic hiring. Springbuk’s cloud-based analytics product is used by … Continue reading “Health Analytics Startup Springbuk Lands $3.75M Venture Round”

SpeechVive Receives $2,275,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=adde505f-09a5-4c31-90cd-1c7aa21fa2a2 Date 5/19/2016 Company Name SpeechVive Mailing Address 603 Wexford Drive Lafayette, IN 47905 USA Company Description SpeechVive detects when the patient is speaking using an accelerometer which is built into the earpiece. During speech, the device plays a background sound into the user’s ear. Website http://www.speechvive.com Transaction Type Venture Equity Transaction … Continue reading “SpeechVive Receives $2,275,000 Seed Round”

Indiana’s SpeechVive Nabs $2M for Parkinson’s Speech Devices

SpeechVive, an Indianapolis startup that’s building medical devices for people with Parkinson’s disease, has received nearly $2.3 million in grant money and venture capital to design and build a method for programming its devices. Based on 15 years of research from Purdue University professor Jessica Huber, the company has received $1.3 million from the National … Continue reading “Indiana’s SpeechVive Nabs $2M for Parkinson’s Speech Devices”

Learn These Tech Skills & Get a Raise, PayScale Report Says

Want to make a few extra (thousand) bucks? For software developers, it’s possible if you add a few trending programming languages to your resume, according to Seattle-based PayScale, a crowdsourcing and data analytics company that seeks out and provides salary information. Developers and programmers who learn the Go or Scala computer programming languages will make … Continue reading “Learn These Tech Skills & Get a Raise, PayScale Report Says”

Talent Shortage Looms as Indiana’s Life Sciences Industry Booms

According to a new report from TEConomy Partners and Battelle Technology Partnership Practice, Indiana’s health and life sciences industry—which includes the sectors of biopharmaceuticals, medical devices, agbiosciences, hospitals, outpatient centers, medical and diagnostic labs, home healthcare services, and nursing and residential care facilities—has experienced more than 22 percent growth since 2001. That’s a sharper increase … Continue reading “Talent Shortage Looms as Indiana’s Life Sciences Industry Booms”

Internal Threats: 10 Ways to Protect Your Business

The topic of cybercriminals can invoke the image of a scruffy-looking hacker glaring at a computer screen from a mysterious location. But the most serious threats to your business’s information security could be much closer than you think. A growing number of small and midsize businesses consider internal security breaches—accidental and malicious—from employees a bigger … Continue reading “Internal Threats: 10 Ways to Protect Your Business”

WellFount Secures $3,205,136 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0702461b-1e2f-454a-9bc9-4fd908f23c9e Date 5/16/2016 Company Name WellFount Mailing Address 5751 W 73rd St. Indianapolis, IN 46278 USA Company Description The InSite Remote Dispensing System is the first medication management system designed to meet the unique challenges of long-term care facilities like yours. It enables timely, pharmacist-approved, on-demand medication dispensing right at your facility. … Continue reading “WellFount Secures $3,205,136 New Funding Round”

White House Wants to Spend $121M on National Microbiome Initiative

The Obama administration announced this morning a public-private initiative to study the collections of microorganisms that live on or in humans and practically everywhere else on Earth. More than 100 other institutions are joining the administration with funding and resources in what’s being billed as the National Microbiome Initiative. The microbiome has become a subject … Continue reading “White House Wants to Spend $121M on National Microbiome Initiative”

DemandJump Obtains $1,800,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=54e70595-2e79-45d4-9424-0c514ac24aa7 Date 5/13/2016 Company Name DemandJump Mailing Address 10401 North Meridian Street Indianapolis, IN 46290 USA Company Description DemandJump s mission is to understand the world s competitive digital data and make it actionable for marketers everywhere. Website http://www.demandjump.com Transaction Type Venture Equity Transaction Amount $1,800,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “DemandJump Obtains $1,800,000 New Financing”

After ExactTarget: Salesforce Plans $40M Indy Expansion, 800 Hires

Salesforce is hiring more than 800 people in Indianapolis during the next five years as part of its plan to spend $40 million expanding its regional headquarters in the city over the next decade, the company said in a statement this month. The San Francisco-based company already employs about 1,000 people in Indianapolis, and more … Continue reading “After ExactTarget: Salesforce Plans $40M Indy Expansion, 800 Hires”

MGH Goes Epic: What I Learned in the Trenches

On April 2 at Massachusetts General Hospital (MGH), the green charts went away. Every morning around 6:30 am since starting residency, my co-interns and I had frantically scrambled around the halls searching for these plastic binders, which contained the sole record of our patients’ vital signs. It was a ritual that blended equal parts anxiety, … Continue reading “MGH Goes Epic: What I Learned in the Trenches”

Across The Board: Ideas To Narrow Biotech’s Gender Gap

The evidence is piling up. Companies with more women in charge are better businesses. So why are so many biotechs still led mainly by men? Saira Ramasastry, a former Merrill Lynch analyst, is now a Bay Area consultant on the boards of three biotechs, including Sangamo Biosciences (NASDAQ: [[ticker:SGMO]]). Having benefited from female mentors such … Continue reading “Across The Board: Ideas To Narrow Biotech’s Gender Gap”

How a Mobile Device Can Reduce Distracted Driving

Distracted driving is a major problem. In 2014, more than 30,000 people were killed and more than 430,000 injured in car crashes involving distracted drivers. Ironically, it may just be that the root of the problem – a smartphone – could actually be the solution. People know they shouldn’t, but they do. In a survey … Continue reading “How a Mobile Device Can Reduce Distracted Driving”

AgTech Accelerator Aims to Sway Agriculture Investment Trends

Agriculture and food-related companies make up a global industry, but when it comes to seeding startups in the sector, agricultural technologies face a relative funding famine. AgTech Accelerator, a new startup program launched Thursday in Research Triangle Park, NC, is trying to address funding issues facing agtech companies, while also providing some of the business … Continue reading “AgTech Accelerator Aims to Sway Agriculture Investment Trends”

New AgTech Accelerator Takes Root in RTP with $11.5M Investment

AgTech Accelerator, a new program intended to foster entrepreneurialism in agriculture, has launched in Research Triangle Park, NC, boosted by $11.5 million in support from heavyweights in the agriculture and investment communities, and partnerships with leading academic centers throughout the country. Alexandria Venture Investments, the investment arm of Alexandria Real Estate Equities (NYSE: [[ticker:ARE]]), is … Continue reading “New AgTech Accelerator Takes Root in RTP with $11.5M Investment”

More than a Matter of Appearances: Pharma’s Existential PR Problem

When President Obama forced Pfizer to scrap its proposed $160 billion merger with Allergan, the industry as well as the company emerged as losers in the eyes of the public, despite Pfizer’s credible and constructive position.  As Pfizer CEO Ian Read explained in a recent op-ed piece in The Wall Street Journal: Pfizer has long … Continue reading “More than a Matter of Appearances: Pharma’s Existential PR Problem”