Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=234739bb-85bf-4943-99d6-63b0de2a9fe2&Preview=1 Date 1/4/2012 Company Name Voxel Mailing Address 29 Broadway 30th Floor New York, NY 10006 Company Description Voxel delivers high-performance Internet infrastructure that is scalable, fully supported and cost-effective. The company offers industry-leading hosting services via VoxSTRUCTURE, its open automation platform, and its unique Universal Transfer bandwidth aggregation model. Website http://www.voxel.net … Continue reading “Internap Acquires Voxel for $35,000,000”
Category: New York
TraceVector Receives $5,300,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b6bd4517-b95e-471b-bbdc-85bc5405ad39&Preview=1 Date 1/4/2012 Company Name TraceVector Mailing Address 69-45 108th Street Forest Hills, NY 11375 Company Description TraceVector brings together into one platform a powerful fusion of cutting-edge processor technology, software innovation and mathematical algorithms that will usher in a new era in network security. Website http://www.tracevector.com Transaction Type Venture Equity Transaction … Continue reading “TraceVector Receives $5,300,000 New Funding Round”
Investor Feedback Forum and Pitch Showdown
Ultra Light Startups presents this evening of startup pitches, feedback from experts, and networking. Eight companies will present, including Paperlex, Enthusiast Nation, and AppsBidder. Panelists include Gil Beyda, founder and managing partner at Genacast Ventures, Art Chang, founder at Tipping Point Partners, Micah Rosenbloom, founder partner at Founder Collective, and Mark Wachen, managing partner at DreamIt Ventures. … Continue reading “Investor Feedback Forum and Pitch Showdown”
Startup Roundtable Series 7—Mobile
New York Entrepreneurs Business Network presents this roundtable discussion on the future of mobile startups. Panelists include Nihal Meta, CEO of LocalResponse and partner at ENIAC Venture, Veronika Sonsev, CEO at inSparq.com and founder of Women in Wireless, and Brett Martin, CEO of Sonar.me. Register here.
Expanding Your Business Into Europe
IDA Ireland sponsors this evening discussion for startups about exploring opportunities in Europe. Speakers include Matt Meeker, partner at Polaris Ventures, Terry Jost, CEO of Mycroft, and Peter Melerud, co-founder and chief operating officer at Kemp Technologies. Register here.
Diabetes Drugs Could Cure Cancer
[Editor’s note: As a New Year’s exercise, we asked a select group of Xconomists to answer this question: “What’s the craziest idea out there that just might succeed?”] Drugs for type 2 diabetes have the potential to become effective therapies for certain types of cancers. Tumor cells have increased energy needs, and starving them of … Continue reading “Diabetes Drugs Could Cure Cancer”
TechStars NYC Alum Wantworthy Got A $860,000 Year-End Funding Boost
New York’s Wantworthy, an online fashion wish list, raised some $860,000 according to a regulatory filing. The company wants to raise about $1 million in total for the round. Wantworthy was among the graduates of the New York TechStars summer 2011 accelerator program. Wantworthy, founded in 2010, developed a platform that lets users create lists … Continue reading “TechStars NYC Alum Wantworthy Got A $860,000 Year-End Funding Boost”
Nurse Designs Staffing Tech for Efficiency-Starved Hospitals
When registered nurse Matthew Browning was working as a hospital supervisor a few years back, he often found himself frustrated by an all-too-common conundrum. Whenever his hospital was short-staffed, the only way he could find nurses willing to put in extra shifts was to call everyone one-by-one—a hassle that was only exacerbated by this country’s … Continue reading “Nurse Designs Staffing Tech for Efficiency-Starved Hospitals”
Merck Leads $10M Funding of HIV Diagnostics Firm Daktari
Cambridge, MA-based Daktari Diagnostics announced in late December that it has raised $10 million in financing from a syndicate of private and venture firms. The funding round was led by Merck Global Health Innovation Fund, a unit of Whitehouse Station, NJ-based Merck (NYSE: [[ticker:MRK]]). Also participating in this funding round were Daktari’s existing investors, Norwich … Continue reading “Merck Leads $10M Funding of HIV Diagnostics Firm Daktari”
Counting Coups: Better, Fewer Deals in 2011 for Venture-Backed Cos.
2011 was a year of bigger deals and fewer exits for venture-backed companies, according to data being released today by Dow Jones VentureSource. VentureSource says that venture-backed companies netted $53.2 billion through a total of 522 deals of all kinds in 2011—mergers, buyouts, and IPOs. That was a 14 percent decline in the number of … Continue reading “Counting Coups: Better, Fewer Deals in 2011 for Venture-Backed Cos.”
Healthcare That Works
[Editor’s note: As a New Year’s exercise, we asked a select group of Xconomists to answer this question: “What’s the craziest idea out there that just might succeed?”] Reinventing the absolutely dysfunctional healthcare delivery system in the U.S. It is a daunting idea, as it requires major changes in 100 years worth of doctor and … Continue reading “Healthcare That Works”
All-Electric Transportation
[Editor’s note: As a New Year’s exercise, we asked a select group of Xconomists to answer this question: “What’s the craziest idea out there that just might succeed?”] All-electric commercial boats, ships, railway engines, and aircraft. The hyper-convergence of energy generation, battery storage, electric vehicle systems development, and electric charging infrastructure has first focused commercially … Continue reading “All-Electric Transportation”
Technology That Finally Helps Learning
[Editor’s note: As a New Year’s exercise, we asked a select group of Xconomists to answer this question: “What’s the craziest idea out there that just might succeed?”] That technology can actually play a significant positive role in education. The false promises go back at least 100 years—to extravagant claims by Thomas Edison. Certainly “computers … Continue reading “Technology That Finally Helps Learning”
Alternative Online Payments: The Dream That Refuses to Die
[Editor’s note: As a New Year’s exercise, we asked a select group of Xconomists to answer this question: “What’s the craziest idea out there that just might succeed?” ] After nearly twenty years of failed attempts, I’m still a believer in the potential transformative power of the “crazy idea” of alternative Internet payment systems, particularly … Continue reading “Alternative Online Payments: The Dream That Refuses to Die”
Healthy Transgenic Foods
[Editor’s note: We asked a group of Xconomists to answer the following question: “If you could patent one thing, what would it be?”] Transgenic foods that are programmed and cultivated not so much to lower costs at the risk of ruining health and the environment, but the opposite—like a tomato that produces lots of Omega3 … Continue reading “Healthy Transgenic Foods”
Cure for Diabetes
[Editor’s note: We asked a group of Xconomists to answer the following question: “If you could patent one thing, what would it be?”] If I can only pick one, I’d patent a functional cure for diabetes—whether it’s an artificial pancreas, a treatment to spare beta cells, or a means to prevent insulin resistance. However it … Continue reading “Cure for Diabetes”
Blip.tv Garners $5,999,999 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=502288ab-5ce1-475f-b0d6-b58151126849&Preview=1 Date 12/28/2011 Company Name Blip.tv Mailing Address Undisclosed New York, NY 10000 Company Description We believe that the world is fundamentally changing as it becomes easier and easier for individuals and small groups of people to create their own video. Our mission is to make this even easier by taking care … Continue reading “Blip.tv Garners $5,999,999 New Financing”
Percolate Lands $1,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=906f941c-6944-410e-8be8-b7c602a21959&Preview=1 Date 12/28/2011 Company Name Percolate Mailing Address 42 Bond St. 6th Floor New York, NY 10012 Company Description Percolate bubbles up interesting content from around the web and presents it back to a brand editor to add a comment and publish back out to social channels and websites. Website http://www.percolate.com Transaction … Continue reading “Percolate Lands $1,500,000 New Funding Round”
Bacteria to Do Our Bidding
[Editor’s note: We asked a group of Xconomists to answer the following question: “If you could patent one thing, what would it be?”] Broad claims covering delivery of therapeutics using engineered bacteria. Synthetic biology tools emerging in just the last few years have made this possible. The trick, of course, is precise control. If I … Continue reading “Bacteria to Do Our Bidding”
Xconomy Storms NYC: Top Ten Topics in the Big Apple in 2011
Ever since Xconomy added New York to its stable of cities on April 1, we have found plenty of companies to write about that are making waves in tech, biotech, and cleantech. We’ve met tech entrepreneurs who’ve caught the fancy of New York’s thriving venture capital scene, and scientists in the bowels of Big Pharma … Continue reading “Xconomy Storms NYC: Top Ten Topics in the Big Apple in 2011”
Beyond the iPad to the hPad
[Editor’s note: We asked a group of Xconomists to answer the following question: “If you could patent one thing, what would it be?”] Two patents: a. A low-cost holographic pad: an “hPad,” which would sit on your desk and project three-dimensional fixed and moving images. It would include a touchscreen-like functionality. This would not only … Continue reading “Beyond the iPad to the hPad”
Google Becomes Technology Partner with IncubateNYC Campaign in Harlem
Google has signed on as a technology partner with IncubateNYC’s campaign to establish a technology incubator in Harlem, says Marcus Mayo, co-founder of IncubateNYC. The group is competing to be chosen by the New York City Economic Development Corporation to fulfill a request for proposals for a new incubator to be established near 125th Street. … Continue reading “Google Becomes Technology Partner with IncubateNYC Campaign in Harlem”
Beyond the Tablet Wars: Apple, Amazon, and the Cloud
Much has been written on the battle between Apple and Amazon. Certainly Steve Jobs’ passing has made us all reflect, and perhaps on a much deeper level than before, on the man and the empire he created. In many ways, the companies are more alike than they are different. What makes them both remarkable players … Continue reading “Beyond the Tablet Wars: Apple, Amazon, and the Cloud”
Business Plan Presentations: Innovations in Digital Commerce
Join MIT Enterprise Forum of NYC to hear from five early-stage companies, each of whom will have 5 minutes to pitch their e-commerce-related business, followed by engaging commentary and critique. The panel discussion will be moderated by Lori Hoberman, a partner at Chadbourne & Parke LLP. Register here.
Acceleron Adds $30M From Partner Celgene and Existing Investors
Cambridge, MA-based Acceleron Pharma announced today that it has raised $30 million in a private financing round. One of the participants in this round was Summit, NJ-based Celgene (NASDAQ: [[ticker:CELG]]), which has a partnership with Acceleron to develop two drugs to treat anemia. The two companies expanded their partnership most recently in August, when Celgene … Continue reading “Acceleron Adds $30M From Partner Celgene and Existing Investors”
A Sweet Deal: How Amira Reinvented Itself as a Drug Discovery Engine
The sale of Amira Pharmaceuticals will likely go down as one of the standout life sciences deals of 2011—it certainly ranks as one of the biggest payouts in San Diego, where Amira was founded in 2005. But what may be more significant than hitting the bell in the strongman game at the biotech carnival is … Continue reading “A Sweet Deal: How Amira Reinvented Itself as a Drug Discovery Engine”
15 Great Apps for that iPad Under the Tree
The iPad 2 won’t be the only tablet turning up as a holiday gift this year: it’s finally got some real competition in the form of the more affordable Kindle Fire. But let’s face it: you don’t buy (or give someone) a Kindle Fire because of the apps. The device is designed primarily as a … Continue reading “15 Great Apps for that iPad Under the Tree”
Enabling the Cleantech Revolution
[Editor’s note: We asked a group of Xconomists to answer the following question: “If you could patent one thing, what would it be?”] It is a very dynamic time for the emerging cleantech market, and success will only be ensured if strong technologies are combined in systems that work the first time. So, if I … Continue reading “Enabling the Cleantech Revolution”
24-Hour, Full-Genome Scans
[Editor’s note: We asked a group of Xconomists to answer the following question: “If you could patent one thing, what would it be?”] A DNA sequencing technology that results in full genome scans in less than 24 hours. This would enable real-time profiling of cancer patients, which would be of tremendous value in determining the … Continue reading “24-Hour, Full-Genome Scans”
Social Media Week
This week-long conference will explore the role of social media in industries ranging from education to healthcare. Speakers include Gabe Zichermann, CEO of Gamification, Jay Walker, chairman and curator of TEDMED, and David Eastman, CEO of JWT North America. For more information, click here.
Early Pharma Partnership Proves Key to Armgo’s Startup Success
On February 1, Armgo Pharma CEO Sapan Shah will join Aisling Capital’s Dennis Purcell on stage at Xconomy’s first big New York conference to tell the inside story of how Aisling turned a Columbia University discovery into a promising biotech company. No doubt much of the discussion will revolve around a French pharmaceutical company called … Continue reading “Early Pharma Partnership Proves Key to Armgo’s Startup Success”
How Not to Name a Startup: The Curse of the Camel Case
What’s in a tech startup name? More specifically, is there a correlation between the type of name a company has and its success? That’s a question every startup founder and investor should be interested in. Because if there is a correlation, then using a name-based strategy for picking winners would be, well, about as good … Continue reading “How Not to Name a Startup: The Curse of the Camel Case”
PlumWillow Garners $255,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5a1d1be0-6aa8-4629-982f-04c4103f6699&Preview=1 Date 12/22/2011 Company Name PlumWillow Mailing Address 86 Chambers Street New York, NY 10007 Company Description PlumWillow is a social shopping site where teens will be empowered to shop together, customize an avatar, make wardrobe choices from various retailers, design their own outfits, and share these choices with friends and family; … Continue reading “PlumWillow Garners $255,000 New Funding”
Tracks Garners $1,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=633246e6-c586-42c2-ad94-09064595aed7&Preview=1 Date 12/22/2011 Company Name Tracks Mailing Address Undisclosed New York, NY 10022 Company Description Tracks is a new way to make social photo stories. Make a track for vacations, hanging out, or just keeping up with friends and family around the world. Website http://www.tracks.io Transaction Type Venture Equity Transaction Amount $1,000,000 … Continue reading “Tracks Garners $1,000,000 New Financing Round”
Tutorspree Reveals Sequoia Capital Led Its Seed Round
New York-based startup Tutorspree revealed that its $1 million seed round was led by Sequoia Capital with participation from Founder Collective, Lerer Ventures, Thrive Capital, SV Angel, and individual investors. Tutorspree is an online platform that lets tutors across the country post profiles to offer their expertise and receive reviews from the students they work … Continue reading “Tutorspree Reveals Sequoia Capital Led Its Seed Round”
Register Now for NY Venture Forum for a Chance to Win $50 from Gilt
Attention, procrastinators! If you still have some last minute shopping to do, you’re going to love this offer. The next 20 people to purchase Holiday Special or Startup Special tickets between now and December 23rd for our upcoming New York event—Xconomy Forum: New York’s Venture Emergence—will be entered into a drawing to win one of … Continue reading “Register Now for NY Venture Forum for a Chance to Win $50 from Gilt”
HopStop Keeps its Edge in Pedestrian Navigation Despite Competition
Even for natives of busy cities, it is not always easy to know the fastest way to get around town on foot or by public transit. It would be nice to find out about planned changes to subway lines and bus routes, for example, before rushing to stops that might not be in service. That … Continue reading “HopStop Keeps its Edge in Pedestrian Navigation Despite Competition”
Immigrants Fill Top Ranks of Venture-Backed Tech Startups
Immigrant entrepreneurs are playing important roles at U.S. technology startups, with immigrants serving in key management and product development positions at 37 of the top 50 venture-backed companies—or roughly three out of every four of the startups—according to a study released yesterday. “It’s clear that America gains a great deal when we’re open to talent, … Continue reading “Immigrants Fill Top Ranks of Venture-Backed Tech Startups”
The Move to Value-Based Pricing for Prescription Drugs
The standard marketing value equation taught in business school states value equals utility or benefits less costs. Because the relationship between the price of medicines and the value they deliver isn’t always clear, there are those who would argue that the established marketing value equation has not been universally applied by the pharmaceutical industry. The … Continue reading “The Move to Value-Based Pricing for Prescription Drugs”
Tutorspree Obtains $1,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3ed5d8eb-6274-49b5-b03e-037d4e943378&Preview=1 Date 12/21/2011 Company Name Tutorspree Mailing Address 36 East 12th Street New York, NY 10003 Company Description Tutorspree is a market place for high quality tutoring. Our tutors are all educators, and our students, well, they’re the best. The idea behind Tutorspree goes all the way back to high school. Back … Continue reading “Tutorspree Obtains $1,000,000 New Funding Round”
Appssavvy Lands $7,100,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e7f886a8-e1fb-4733-8508-4f356c1fc4c7&Preview=1 Date 12/21/2011 Company Name Appssavvy Mailing Address 594 Broadway New York, NY 10012 Company Description appssavvy is a direct sales team for leading applications and developers in the social media space. Essentially we create a bridge from Madison avenue to the Bay area. Website http://www.appssavvy.com Transaction Type Venture Equity Transaction Amount … Continue reading “Appssavvy Lands $7,100,000 Series A Funding”
Capitalyze
SecondMarket presents this half-day seminar on how private companies can utilize the secondary market to enable their businesses. Financial and legal experts will cover such topics as the strategic benefits of enabling private company controlled liquidity, and how the secondary market better positions companies for an ultimate M&A or IPO exit. Register here.
Appssavvy, Backed by AOL Ventures, Raises $7.1M in Series 1-A Round
Advertising technology company appssavvy in New York said in a press release issued Tuesday it raised $7.1 million in a Series 1-A round that included new investor AOL Ventures as well as current investors. Three-year-old appssavvy developed an activity-based advertising platform called adtivity. In 2010, the company raised $3.1 million in a round that included … Continue reading “Appssavvy, Backed by AOL Ventures, Raises $7.1M in Series 1-A Round”
MIT-Born Enumeral Advances Human-Based Method for Hunting Drugs
Geneticist Arthur Tinkelenberg has always been struck by the lack of strategy in scientific research. “Historically it’s been somewhat ad hoc,” he says. “For example, why do we study fruit flies? Because somewhere in the dim past, somebody did something interesting with a fruit fly, and now you have a whole field.” So when Tinkelenberg … Continue reading “MIT-Born Enumeral Advances Human-Based Method for Hunting Drugs”
Amgen, Watson Strike $400M Deal for Biosimilar Cancer Drugs
Amgen has spent years defending itself from enemies in the generic drug business, but now the world’s largest biotech company has found a way to join forces with a major maker of copycat pharmaceuticals. Thousand Oaks, CA-based Amgen (NASDAQ: [[ticker:AMGN]]), which has R&D operations in Seattle, San Francisco, and Boston, said today it has agreed to … Continue reading “Amgen, Watson Strike $400M Deal for Biosimilar Cancer Drugs”
Metamark Inks Potential $365M Deal with J&J For Cancer Marker Discovery
Cambridge, MA-based Metamark Genetics said today it had entered into a research agreement with Janssen Biotech, a unit of New Brunswick, NJ-based Johnson & Johnson (NYSE: [[ticker:JNJ]]). Metamark, which was founded in 2007 on science from the Dana-Farber Cancer Institute, is developing prognostic tests based on genes discovered to play a role in how tumors progress and … Continue reading “Metamark Inks Potential $365M Deal with J&J For Cancer Marker Discovery”
Health Care Reform Is Coming To Town
Last year about this time of year I wrote a parody of ‘Twas the Night Before Christmas about the coming of healthcare IT and meaningful use. I decided to make these holiday parody songs an annual event. I figure I have years of material, as there are so many ways of ruining an otherwise joyous … Continue reading “Health Care Reform Is Coming To Town”
MediaBrix Raises $4M with Edison Ventures, Plans to Grow Staff in 2012
MediaBrix, a New York-based developer of a social media advertising platform, closed a $4 million Series B funding round. MediaBrix CEO Ari Brandt says Edison Ventures was the sole investor in the round. Edison Ventures principal Ryan Ziegler, and Mike Leo, CEO of the advertising software maker Operative in New York, joined MediaBrix’s board in … Continue reading “MediaBrix Raises $4M with Edison Ventures, Plans to Grow Staff in 2012”
Coronado Biosciences Debuts on Nasdaq, Moves Two Lead Drugs Forward
The path to becoming a publicly listed company chosen by Coronado Biosciences (NASDAQ: [[ticker:CNDO]]) was anything but conventional, but it seems to be working for the biotech startup. After raising $47.4 million privately over the last year, the company filed a Form 10 with the SEC so it could become a public company by registering all … Continue reading “Coronado Biosciences Debuts on Nasdaq, Moves Two Lead Drugs Forward”
GameChanger Media Makes a Play to Broaden Sports Stats App in 2012
High school and youth sports teams may lack the deep pockets of the pros, but they can still take advantage of technology for tracking game stats thanks to a New York startup. Angel investor-backed GameChanger Media offers coaches of young athletes a mobile platform that evolves record keeping from pen and paper to smartphones and … Continue reading “GameChanger Media Makes a Play to Broaden Sports Stats App in 2012”