Category: New York

Cloud Computing: The Next Generation

MIT Enterprise Forum of NYC presents this evening panel on the future of cloud computing. Topics include challenges for early adopters, funding opportunities, and the different flavors of cloud computing. Speakers include Joe Berding of Xerox Cloud Sales, Andrew Davis, CEO of Gage Networks, and Roger Krakoff, managing partner at Cloud Capital Partners. Register here.

Truveris Adds $10M in Oversubscribed Series B

New York-based Truveris said today it has raised $10 million in funding from New Leaf Venture Partners, Tribeca Venture Partners, New Atlantic Ventures, and First Round Capital. The company, which makes a software-as-service platform for health insurers, previously raised $3.8 million in a Series A round a year ago. Truveris’ products allow health insurers and … Continue reading “Truveris Adds $10M in Oversubscribed Series B”

Transparency Launches as Linux of Drug Development

When Tomasz Sablinski was working in pharmaceutical R&D, he was often frustrated by the demand for secrecy in the clinical trials process—a misdirected effort, he says, to keep competitors in the dark about what drug companies were up to. “The price you pay when you hide what you’re doing is you only get feedback from … Continue reading “Transparency Launches as Linux of Drug Development”

Solvate, backed by RRE Ventures and DFJ Gotham, to Shut Down on Mar. 1

Inability to scale is the culprit behind the pending demise of New York-based freelance talent search platform Solvate. In a note to users of Solvate, the five-year-old startup said it could not scale up the business “in its current configuration,” though it did not provide any details. The company had raised some $6.3 million since … Continue reading “Solvate, backed by RRE Ventures and DFJ Gotham, to Shut Down on Mar. 1”

SimpleReach Garners $1,500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d24ece0-2485-49a9-9d6b-0a5ec25e317b&Preview=1 Date 2/23/2012 Company Name SimpleReach Mailing Address 27W 24th Street New York, NY 10010 Company Description We are a NYC based company building awesome products at the intersection of social, content, and advertising. Website http://www.simplereach.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “SimpleReach Garners $1,500,000 New Financing Round”

InVision Obtains $1,500,000 Seed Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe286845-a8a8-4067-a017-b2008321b7db&Preview=1 Date 2/23/2012 Company Name InVision Mailing Address 41 Madison 25th Floor New York, NY 10010 Company Description We created InVision because we felt strongly that for a prototype to effectively capture the attention of our stakeholders it had to have three things. Website http://www.invisionapp.com Transaction Type Venture Equity Transaction Amount $1,500,000 … Continue reading “InVision Obtains $1,500,000 Seed Financing Round”

Truveris Lands $10,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d6aa77f5-f14b-48dc-b90a-2bc4dd663585&Preview=1 Date 2/23/2012 Company Name Truveris Mailing Address 515 Greenwich St New York, NY 10013 Company Description Truveris is a health information technology company that provides management tools to sponsors of prescription benefit plans and payers of claims under these plans. Website http://www.Truveris.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round … Continue reading “Truveris Lands $10,000,000 Series B Financing”

AppSense Labs Competes with Google and Facebook for Tech Talent in NY

On the hunt for techies with entrepreneurial spirit, enterprise software developer AppSense announced today it formed a research division that has its epicenter at the company’s New York headquarters. AppSense Labs, as it is called, aspires to do more than hire new experts; it aims to disrupt the way the company’s technology is developed by … Continue reading “AppSense Labs Competes with Google and Facebook for Tech Talent in NY”

Brand People for Startup Boards: A Q&A with NY Investor Michael Duda

Michael Duda uses the word fun quite a bit when talking about what he does. It’s not hard to see why. He’s co-founder of Consigliere Brand Capital, a New York-based investment and consulting firm focused crafting great brands from the ground up. Duda comes from the advertising agency Deutsch, and is joined by others from … Continue reading “Brand People for Startup Boards: A Q&A with NY Investor Michael Duda”

Google Transit: A Search Giant Remaps Public Transportation

You can’t talk to a Googler for very long without hearing them recite the company’s mission statement: to organize the world’s information and make it universally accessible and useful. Not only does it sound noble, but it’s an all-purpose answer for the sorts of nosey questions tech journalists pose, like why Google would want to … Continue reading “Google Transit: A Search Giant Remaps Public Transportation”

Take the Interview Takes Manhattan in Strategic and Practical Maneuver

In a strategic play to be closer to existing investors, potential backers, and her own personal support system, Danielle Weinblatt, the CEO of Take the Interview, has moved her startup from Cambridge, MA, to New York City and is on the hunt for more funding. Take the Interview has developed a platform for recruiters to … Continue reading “Take the Interview Takes Manhattan in Strategic and Practical Maneuver”

Oh, And One More Thing: A Wowser Moment in DNA Sequencing

[Updated and corrected, 10:15 am PT] Steve Jobs used to love being on stage, getting the audience in the palm of his hand. Famously, he’d say, “Oh, and one more thing,” to build suspense right before delivering some stunning line about a new Apple product. Last week, that same showmanship was at work in a … Continue reading “Oh, And One More Thing: A Wowser Moment in DNA Sequencing”

eBay Acquires WHI Solutions for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6df76427-a3f0-4aa5-b9b3-2b0feae77e02&Preview=1 Date 2/21/2012 Company Name WHI Solutions Mailing Address 5 International Drive Rye Brook, NY 10573 Company Description Wrenchead, Inc. has over 6 years of experience providing Manufacturers, Wholesalers, Retailers, End users and Software integrators with leading edge technology. Website http://www.wrenchead.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A … Continue reading “eBay Acquires WHI Solutions for Undisclosed Sum”

Pinwheel Receives $7,500,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b6ae15ed-d7ef-4c44-8edf-af085b68ac81&Preview=1 Date 2/18/2012 Company Name Pinwheel Mailing Address Undisclosed New York, NY 10001 Company Description On Pinwheel you can find and leave notes all around the world. The notes can be public or private, shared with an individual, a group or everyone. Website http://www.pinwheel.com Transaction Type Venture Equity Transaction Amount $7,500,000 Transaction … Continue reading “Pinwheel Receives $7,500,000 Series A Funding Round”

Xconomy’s Timmerman Wins National Journalism Award

Xconomy’s national biotech editor, Luke Timmerman, has won a national award for column-writing from the Society of American Business Editors and Writers. It’s the first national journalism award for Xconomy, which was founded in 2007 and now operates a six-city network of news sites focused on business innovation. The award is for Luke’s weekly BioBeat … Continue reading “Xconomy’s Timmerman Wins National Journalism Award”

LinkedIn: The Missing Manual Worth Reading

I picked up The Start-up of You, the new book published this week by LinkedIn founder Reid Hoffman and journalist-entrepreneur Ben Casnocha, with some trepidation. I feared that the title was intended literally—that this would be one of those dreary business books that spends seven chapters twisting reality to fit its gimmicky metaphor. (I’ve got … Continue reading “LinkedIn: The Missing Manual Worth Reading”

Tracx Lands $4,400,000 Series B Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=011d9808-867d-4972-90d8-9dd146f33e39&Preview=1 Date 2/17/2012 Company Name Tracx Mailing Address 24 West 40th Street 7th Floor New York, NY 10019 Company Description The tracx Social Media Management System (SMMS) is a modular and scalable platform designed to provide professional users all the tools necessary to build, manage and monetize their social media presence. Website … Continue reading “Tracx Lands $4,400,000 Series B Round”

What Biopharma Companies Need to Know About the “America Invents Act”

The New York Pharma Forum presents this afternoon conference on the new America Invents Act. The panel will discuss changes being brought about by the new law and how they will impact your business in valuation, licensing and acquisition of patents, among other areas. Speakers include Pablo D. Hendler of Ropes & Gray, Brian R. … Continue reading “What Biopharma Companies Need to Know About the “America Invents Act””

Putting Patients First: Redesigning the Oncology Experience

NYC Health Business Leaders presents an evening with representatives from Memorial Sloan-Kettering Cancer Center, which incorporated patient-centered design principles into its Brooklyn Infusion Center, a prototype outpatient facility that opened in late 2010. Wendy Perchick, MSKCC’s head of innovation, and Jan Willemse, chief architect on the project, will discuss the research and principles behind the … Continue reading “Putting Patients First: Redesigning the Oncology Experience”

House Party Leverages On and Offline Strategy to Compete in Viral Marketing

Brand marketers often work themselves into a lather to generate buzz about their products on social networks, but tweets and “likes” may not be enough to drive sales. Social media company House Party in Irvington, NY, uses a different strategy that combines offline gatherings with online tools to get the word out to consumers. House … Continue reading “House Party Leverages On and Offline Strategy to Compete in Viral Marketing”

Xconomist of the Week: Peter Kuhn on Detecting Circulating Tumor Cells

Worrying whether a solid tissue tumor might spread elsewhere in the body represents one of the biggest unknowns for many cancer patients, according to Peter Kuhn, an associate professor of cell biology at The Scripps Research Institute in San Diego. “As long as the disease is confined to the primary tumor, the oncologists can deal … Continue reading “Xconomist of the Week: Peter Kuhn on Detecting Circulating Tumor Cells”

Will New Business Models Enhance or Endanger Drug Discovery?

The most successful biotechs of the past quarter century have been companies that established relatively large, cutting edge research programs, such as Biogen, Immunex, and Genentech. I’ll refer to this as the B.I.G. model. These companies were able to hire young, innovative scientists by promising them a certain degree of intellectual freedom to pursue research … Continue reading “Will New Business Models Enhance or Endanger Drug Discovery?”

Xtify Garners $2,286,383 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5106ff26-2f2e-42ae-83d9-bdf995ee0b8a&Preview=1 Date 2/16/2012 Company Name Xtify Mailing Address 520 Broadway, 10th Floor New York, NY 10012 Company Description The company provides a location-based API for mobile devices. Website http://www.xtify.com Transaction Type Debt Transaction Amount $2,286,383 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor … Continue reading “Xtify Garners $2,286,383 New Financing Round”

OnSwipe Looks to Ride Third Wave of the Web with New Content Network

“This is the new network for the Internet, and it’s focused on tablets and touch devices,” says Jason Baptiste. In other words, this is no run-of-the-mill product announcement. Or so it seems. OnSwipe, a tech startup based in New York (with lead investors in Boston), is rolling out a content distribution network for publishers who … Continue reading “OnSwipe Looks to Ride Third Wave of the Web with New Content Network”

Barry Diller and IAC Back Aereo to Bring Live TV to Mobile Devices

In a world increasingly distracted by mobile devices, television broadcasters are searching for new ways to keep their shows in front of the audience. Rather than fight the mobile trend, TV station owners such as Hearst Television plan to bring their content to handheld devices in the somewhat near future. However, New York-based IAC (NASDAQ: … Continue reading “Barry Diller and IAC Back Aereo to Bring Live TV to Mobile Devices”

exfm Lands $1,500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7a2d05d3-a085-4870-b4b8-0f955a482815&Preview=1 Date 2/15/2012 Company Name exfm Mailing Address 199 Lafayette St. New York, NY 10012 Company Description exfm is a browser extension for Chrome that turns the entire web into your personal music library. As you browse, ExtensionFM runs in the background indexing every MP3 file you come across, building a music … Continue reading “exfm Lands $1,500,000 New Funding Round”

Lover.ly Lands $500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7674e852-5314-4096-9e94-4542a558b6f9&Preview=1 Date 2/15/2012 Company Name Lover.ly Mailing Address 36 Cooper Square 2nd Floor New York, NY 10003 Company Description Lover.ly is a new visual search engine and cloud scrapbook for all your wedding inspiration. We bring quality content, search-ability, technology and inspiration in one place. Lover.ly has an archive of over 100,000 … Continue reading “Lover.ly Lands $500,000 New Funding Round”

Aereo Lands $20,500,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=88fd40ac-e2d6-4942-b8bf-7daf7a71da7a&Preview=1 Date 2/15/2012 Company Name Aereo Mailing Address 37-18 Northern Blvd Long Island City, NY 11101 Company Description Aereo is a bold new technology that revolutionizes the way consumers watch broadcast TV. Based in New York, NY, Bamboom provides the only true infrastructure platform that enables consumers to access live, over-the-air television … Continue reading “Aereo Lands $20,500,000 Series A Funding Round”

Fashion Tech Startups Emerging From Harvard B-School Runway in Droves

When Harvard and startups are mentioned in the same sentence, it’s usually to talk about the undergrad dropouts who went on to start tech empires (think Bill and Mark). But Harvard Business School has its own set of graduates making waves, and it’s not just the finance industry tycoons you’re probably thinking of. Gilt Groupe. … Continue reading “Fashion Tech Startups Emerging From Harvard B-School Runway in Droves”

Intellect Embraces Wide-Ranging Approach to Fighting Brain Diseases

Researchers hunting for treatments for Alzheimer’s disease often jokingly refer to themselves as either “Baptists” or “Tauists.” The Baptists believe a protein called beta amyloid, or BAP is the main culprit because it forms the brain plaques thought to contribute to loss of memory and other hallmarks of Alzheimer’s. Tauists say the tau protein is … Continue reading “Intellect Embraces Wide-Ranging Approach to Fighting Brain Diseases”

Venture Capital Is the Essence of Everything Good in Capitalism

I was heartened this month to see that the Private Equity Growth Capital Council launched a multi-million-dollar education and public affairs campaign on the Internet highlighting the basics of private equity. Hopefully, this will address a general lack of understanding about private equity, which, among other things, is too often confused with venture capital. This … Continue reading “Venture Capital Is the Essence of Everything Good in Capitalism”

33Across Taps More User Data Than Facebook or Google for Marketers

In the race to make mountains of social Web data useful, social targeting technology company 33Across says it is getting ahead of the competition by gathering anonymous information from more users than even Facebook has access to. That might sound surprising. But thanks to its recent acquisition of Tynt Multimedia, New York-based 33Across has the … Continue reading “33Across Taps More User Data Than Facebook or Google for Marketers”

Big Players and Big Deals Needed to Help Solidify New York’s Tech Scene

Although New York basks in the Giants’ second Super Bowl victory in four years over the New England Patriots, the city’s startup scene still has hard work ahead if it expects to seriously compete with the more mature tech hubs such as Boston. With Facebook due to open engineering offices in New York this year … Continue reading “Big Players and Big Deals Needed to Help Solidify New York’s Tech Scene”

Option to Buy: The New Face of Biotech Funding?

When Cambridge, MA-based Warp Drive Bio launched on January 10, the startup was as notable for its financing structure as it was for its technology—maybe more. That’s because part of the $125 million in funding that Warp Drive received came from French pharmaceutical giant Sanofi (NYSE: [[ticker:SNY]]) , which received in return the chance to … Continue reading “Option to Buy: The New Face of Biotech Funding?”

AllTrails and National Geographic Team Up to Get Hikers Oriented

The United States is essentially an unpopulated wilderness. If you scattered the citizenry evenly across the country, we’d each have a luxurious eight acres to ourselves. But here’s the weird thing: In a country where the outdoors is so vast, people rarely go there. Even folks who think of themselves as outdoorsy types don’t leave … Continue reading “AllTrails and National Geographic Team Up to Get Hikers Oriented”

Synacor Secures $34,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1174e916-4c2f-4b80-87e4-ed16831407d4&Preview=1 Date 2/10/2012 Company Name Synacor Mailing Address 40 La Riviere Drive Buffalo, NY 14202 Company Description Synacor’s (NASDAQ: SYNC) end-to-end solutions enable MSOs, ISPs and telecommunication companies to bundle, promote and deliver narrowband and broadband premium content and services as part of their Internet access products. Its solutions offer the combined … Continue reading “Synacor Secures $34,000,000 New Financing Round”

Xconomist of the Week: Tim Mayleben on Building University Startups

Last month, Aastrom Biosciences president and CEO Tim Mayleben and his wife, Dawn, announced they are funding a new “venture shaping” program at the University of Michigan. Venture shaping refers to the process of systematically vetting a nifty idea for a startup, with the idea that the failure of a less-than-viable business will occur at … Continue reading “Xconomist of the Week: Tim Mayleben on Building University Startups”

Celgene Pours $15M Into Acetylon, Takes “Observer” Role on Board

New England Patriots owner Robert Kraft may still be smarting from his team’s loss to the New York Giants in the Super Bowl, but at least one of Kraft’s other organizations has some good news to cushion the blow: Boston-based Acetylon said today that it has received a $15 million equity investment from Celgene (NASDAQ: … Continue reading “Celgene Pours $15M Into Acetylon, Takes “Observer” Role on Board”

Spongecell Gets $10M Series B, Continues Growth in Ad Tech

In the fast-evolving advertising arena, Spongecell is a prime example of how a hard pivot with different technology in place can transform a company’s fortunes. On Tuesday the New York company, which adds interactive functions such as video and Twitter feeds to banner ads, announced it raised $10 million in a Series B round led … Continue reading “Spongecell Gets $10M Series B, Continues Growth in Ad Tech”

FX Alliance Secures $62,400,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=860c1ec6-4f6c-4368-b6bc-1d063612ad07&Preview=1 Date 2/9/2012 Company Name FX Alliance Mailing Address 909 Third Avenue 10th Floor New York, NY 10022 Company Description FX Alliance (NYSE: FX) is a leading independent, institutional foreign exchange trading platform. Website http://www.fxall.com Transaction Type IPO Transaction Amount $62,400,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes are on file with … Continue reading “FX Alliance Secures $62,400,000 New Round”

Paddle8 Receives $4,000,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=990dd66a-e347-4afb-be51-977059d365d4&Preview=1 Date 2/9/2012 Company Name Paddle8 Mailing Address 42 Greene Street Floor 2 New York, NY 10013 Company Description Paddle8 creates context for artworks by inviting influential cultural figures to participate as curators. Each month, a guest curator introduces a grouping of works selected around a theme. Website http://www.paddle8.com Transaction Type Venture … Continue reading “Paddle8 Receives $4,000,000 Series A Financing Round”

NYC Consortium Promotes Collaboration Among Scientific Researchers

New York is home to several organizations that are uniting the city’s disparate academic institutions in pursuit of common goals. This month will mark the opening of the New York Genome Center, an effort among 11 colleges to collaborate on genomics research. In November, the New York eHealth Collaborative held its first conference, which was … Continue reading “NYC Consortium Promotes Collaboration Among Scientific Researchers”

The Pharmacology of Aging: Why Age Matters

This afternoon symposium will focus on recent progress in understanding the pathophysiology of aging and cognitive dysfunctions, as well as regulatory and industry perspectives on clinical drug development for older patients. Speakers include Darrell R. Abernethy of the US Food and Drug Administration. Angela Birnbaum of the University of Minnesota, and Jenny Y. Chien of … Continue reading “The Pharmacology of Aging: Why Age Matters”

Selling Your Craft Online

How can artists sell their wares in an increasingly competitive online marketplace. This evening seminar, led by Etsy.com education lead Danielle Maveal, will provide tips on photography, pricing, free ways to market yourself, finding an online support system, and building a strong fan base. Register here.

How to Build Great Products

This day-long conference will provide insight into the strategy and technique for developing popular digital products. Speakers include Kevin Kearney of Hard Candy Shell, Ty Ahmad-Taylor of FanFeedr, and Andrew DeVigal of The New York Times. Register here.