Category: New York

CloudSwitch Bought by Verizon as Wireless Giant Moves Into the Cloud

Some interesting news in the world of startups and big cloud providers today. Verizon Communications announced it has acquired CloudSwitch, a Burlington, MA-based software startup, for an undisclosed price. CloudSwitch will be combined with Verizon’s Terremark IT services division, the company said, as it tries to take a “step forward in defining the enterprise cloud.” … Continue reading “CloudSwitch Bought by Verizon as Wireless Giant Moves Into the Cloud”

Vizibility Raises $1.3 Million for Personal Web Branding Product

New York-based Vizibility announced today that it raised a follow-on seed round of $1.3 million, bringing its total capital raised to over $2 million. The company, which struggled to raise seed funding after it was founded in 2009, was oversubscribed on this round. Vizibility is a tool that allows users to control how they appear … Continue reading “Vizibility Raises $1.3 Million for Personal Web Branding Product”

Vizibility Lands $300,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c669329f-6f38-4c8c-926a-02a698d2eb3b&Preview=1 Date 8/25/2011 Company Name Vizibility Mailing Address 154 Grand Street New York, NY 10013 Company Description Vizibility Inc. was founded in 2009 and is headquartered in Manhattan, NY. Vizibility delivers the world’s first SearchMe Button for Google which instantly returns the right results in one click. Website http://www.vizibility.com Transaction Type Venture … Continue reading “Vizibility Lands $300,000 New Round”

EnergyHub Receives $14,500,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1dbcf006-f168-4579-b45a-261dce350304&Preview=1 Date 8/25/2011 Company Name EnergyHub Mailing Address 232 3rd Street Brooklyn, NY 11215 Company Description EnergyHub produces smart, simple, and cost-effective energy management tools that strengthen the relationship between consumers and utilities and solve the energy problems of today and tomorrow. Website http://www.energyhub.net Transaction Type Venture Equity Transaction Amount $14,500,000 Transaction … Continue reading “EnergyHub Receives $14,500,000 Series B Funding Round”

Energy Disruptors: Transforming the System

This afternoon conference, sponsored by PopTech, will explore technologies that might alter the existing energy economy, and those that might “disrupt the disruptors and embolden the incumbents.” Presenters include Arun Majumdar director, U.S. Department of Energy Advanced Research Projects Agency – Energy (ARPA-E) program, Shirley Ann Jackson, president of Rensselaer Polytechnic Institute, and Jay D. Keasling, CEO, … Continue reading “Energy Disruptors: Transforming the System”

CityPockets Acquires DealBurner

Consolidation comes to the daily deals arena. New York startup CityPockets said in a blog post Wednesday it acquired instant deals service DealBurner. No financial terms were disclosed. One-year-old CityPockets is a secondary marketplace for reselling daily deals. DealBurner, founded in July, is a text message–based service that aggregates instant deals from such sources as … Continue reading “CityPockets Acquires DealBurner”

GlobalOne Lands $25M, Gets New CEO

Software-as-a-service provider GlobalOne in New York said in a press release Wednesday it secured an initial funding commitment of more than $25 million from Columbia Capital. Four-year-old GlobalOne plans to use the funds to expand its services and market coverage. GlobalOne also appointed David Northington as its CEO. He previously served as chief operating officer … Continue reading “GlobalOne Lands $25M, Gets New CEO”

ToutApp, Back from Silicon Valley, Aims to Make Repetitive E-mails Easier

Fresh from a three-month stint in California, Tawheed Kader, founder and CEO of New York’s ToutApp, is back home to build the ranks of his startup and pursue his next round of funding. Last Wednesday he and the other graduates from this summer’s 500 Startups business accelerator program in Mountain View, CA, showed off their … Continue reading “ToutApp, Back from Silicon Valley, Aims to Make Repetitive E-mails Easier”

Investor Feedback Forum and Pitch Showdown

Ultra Light Startups presents an evening of pitches, followed by tips from a panel of investors and an audience vote for the best startup. Panelists include Gil Beyda, founder and managing partner at Genacast Ventures; Brad Harrison, managing partner at BHV and partner at Point Capital Partners; Edward Reitler, founder at ARC Angel Fund, senior … Continue reading “Investor Feedback Forum and Pitch Showdown”

How Google+ Could Transform Healthcare & Medicine

This post was co-authored by Rich Whalley, an associate at CBT Advisors. What could Google do if it had access to everyone’s health data? You’re probably already thinking a few things: 1. There’s no way I’m giving Google my personal health data. 2. Didn’t Google already try to do this with Google Health? 3. Won’t this … Continue reading “How Google+ Could Transform Healthcare & Medicine”

GlobalOne Lands $25,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=764c3c7b-148f-4bee-b1e1-89cfe408af27&Preview=1 Date 8/24/2011 Company Name GlobalOne Mailing Address 22 Cortlandt Street 16th Floor New York, NY 10007 Company Description GlobalOne is a cloud solution provider providing strategy, implementation, and support services with focus on client management (CRM), cloud computing (development and strategy), and social business. The GlobalOne team brings together individual professionals … Continue reading “GlobalOne Lands $25,000,000 New Round”

Xconomy Forum: New York Life Sciences 2031

Mayor Michael Bloomberg and state legislators around the New York City area have anointed life sciences as a key growth industry for the future. But what kind of potential really exists to recruit biotech and pharma entrepreneurs to NYC and surrounding regions-and to keep them here? What will the New York life sciences landscape look … Continue reading “Xconomy Forum: New York Life Sciences 2031”

GSK and Unilever Among Early Adopters of BioLeap’s Technology for Creating New Molecules

Last year, consumer-products giant Unilever had a problem. The company wanted to make a meaningful impact in the ultra-crowded category of anti-aging cosmetics, but to do so, it had to come up with entirely new methods for fighting wrinkles. So it turned to Pennington, NJ-based startup BioLeap, which has developed a technology platform that helps … Continue reading “GSK and Unilever Among Early Adopters of BioLeap’s Technology for Creating New Molecules”

MakerBot Obtains $10,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2016b906-56d4-4c10-a678-6b146f9605ff&Preview=1 Date 8/23/2011 Company Name MakerBot Mailing Address Undisclosed Brooklyn, NY 11237 Company Description MakerBot Industries is a rapidly growing, Brooklyn-based startup that designs and manufactures low cost 3D printers. We make machines that make things! Website http://www.makerbot.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Undisclosed Proceeds Purposes The company … Continue reading “MakerBot Obtains $10,000,000 New Financing Round”

Moat Lands $1,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8cc28a0a-0f95-453c-938f-d71776710e55&Preview=1 Date 8/23/2011 Company Name Moat Mailing Address 228 Park Ave South New York, NY 10003 Company Description Moat has a proxy for attention. It can generate a heat map of where people hover their mouse over an ad, and where they click as well. A date Moat offers these heatmap analytics … Continue reading “Moat Lands $1,500,000 New Financing”

Skype Snaps Up GroupMe

Communications service Skype in Luxembourg said in press release Sunday it entered into an agreement to acquire New York’s GroupMe. Terms of the deal were not disclosed by the companies but a post at AllThingsD pegs the price at about $85 million. One-year-old GroupMe‘s app lets users send messages and start conference calls with groups … Continue reading “Skype Snaps Up GroupMe”

Roadify Clears Up Confusion on the Streets and Rails

Every commuter wants to find better ways to traverse busy cities. Subway delays and bus route changes may throw carefully timed travel plans into disarray. To ease such headaches, New York startup Roadify has developed a mobile app that delivers updates from transit agencies and input from users on the street. The app has already … Continue reading “Roadify Clears Up Confusion on the Streets and Rails”

Seattle Genetics: The Next Litmus Test for High Priced Cancer Drugs

[Update: 9:20 am ET] Dendreon ran into a buzz saw of opposition last year when it priced its new prostate cancer drug at $93,000 per patient. Genentech has loads of critics who say it has overreached on price with its antibody drugs for cancer, especially in cases where the data supporting the drug is controversial, … Continue reading “Seattle Genetics: The Next Litmus Test for High Priced Cancer Drugs”

Skype Technologies Acquires GroupMe for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=082c00d3-f9c2-446f-abb3-d25767fbb9d9&Preview=1 Date 8/21/2011 Company Name GroupMe Mailing Address Undisclosed New York, NY 10001 Company Description Ever send a text message to multiple people? Wish your friends could reply all? GroupMe enables you to organize and communicate with the groups of people in your life that are important to you. Website http://www.groupme.com Transaction … Continue reading “Skype Technologies Acquires GroupMe for Undisclosed Sum”

Is Mobile Health the Next Big Killer App?

This evening event, sponsored by NYC Health Business Leaders, will examine the potential of mobile technology in healthcare. Speakers include Corey Ackerman, president of Happtique, John de Souza, president & CEO of MedHelp, and Dr. Katie Malbon of Mount Sinai Adolescent Health Center, who created a text messaging service for teens attending the center. Register … Continue reading “Is Mobile Health the Next Big Killer App?”

And Then There Were Three: Why Microsoft Is the Vital New Underdog in Mobile Computing

Hewlett-Packard’s surprise exit from the smartphone and tablet business yesterday means that WebOS is effectively dead. That brings Palm’s long legacy to an end and leaves just four major mobile operating systems standing: Android, iOS, BlackBerry OS, and Windows Mobile/Windows Phone 7. (Symbian would have been on this list until recently, but now that Nokia … Continue reading “And Then There Were Three: Why Microsoft Is the Vital New Underdog in Mobile Computing”

Birchbox Nabs $10M

New York-based Birchbox, a membership site that sends samples of beauty products by mail, has raised $10.5 million in a Series A financing, according to VentureWire. The round was led by Accel Partners, and included contributions from Consigliere, First Round Capital, Forerunner Ventures, Harrison Metal, Lerer Ventures, Stanford University Endowment, and others. Birchbox was founded in … Continue reading “Birchbox Nabs $10M”

Software Industry Valuations Rise, Driven by Demand for Software-as-a-Service

Global spending on information and communications technologies is fueling higher valuations for public software companies, according to a quarterly report released by the San Diego-based Software Equity Group. Much of that increased spending, however, reflects an intensifying demand for cloud computing and software as a service (SaaS), as big-company CIOs increasingly accept the notion of … Continue reading “Software Industry Valuations Rise, Driven by Demand for Software-as-a-Service”

TouchTunes Interactive Networks Secures $45,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a9e076c-eabf-4df2-bc84-0ac7d4e32afd&Preview=1 Date 8/19/2011 Company Name TouchTunes Interactive Networks Mailing Address 850 Third Ave New York, NY 10022 Company Description TouchTunes Interactive Networks is the largest interactive out-of-home entertainment network in North America. Website http://www.touchtunes.com Transaction Type Venture Equity Transaction Amount $45,000,000 Transaction Round Undisclosed Proceeds Purposes The total investment will support TouchTunes’ … Continue reading “TouchTunes Interactive Networks Secures $45,000,000 New Funding”

SecondMarket Attempts to Sell Startups on the Value of Letting Employees Trade Their Stock

Startups usually relish disruption. For a Silicon Valley entrepreneur, there’s no brighter badge of honor than being able to say that your company reinvented a product category, sweeping away older competitors’ business models in the process. But these days, many of the disruptors are being disrupted, as the traditional system of incentive-based stock options for … Continue reading “SecondMarket Attempts to Sell Startups on the Value of Letting Employees Trade Their Stock”

TouchTunes Rakes in $45M, Plans Expansion

New York’s TouchTunes Interactive Networks raised $45 million according to a press release issued Wednesday. Thirteen-year-old TouchTunes provides digital jukeboxes to restaurants and bars across North America. The new funding comprises a $40 million investment from 3i, for a minority stake in TouchTunes, and a $5 million investment from majority shareholder VantagePoint Capital Partners. TouchTunes … Continue reading “TouchTunes Rakes in $45M, Plans Expansion”

Tutorspree Preps for Back-to-School Market

With summer ending, classrooms will soon fill with students who may need some help tackling tough academic subjects. Searching for tutors can be a haphazard process of scouring classified ads. New York startup Tutorspree offers a more streamlined platform for students to find potential tutors local to them. One-year-old Tutorspree is an online service that … Continue reading “Tutorspree Preps for Back-to-School Market”

Xconomist of the Week: Tony Coles’ Journey from Mass General Doctor to SF Biotech CEO

Tony Coles was about nine years old when he decided to become a doctor. His father, a government accountant and a minister, told him that medicine and law were great professions. The younger Coles, a fan of math and science, opted for medicine. And even when teachers underestimated him, placing Coles in a math class … Continue reading “Xconomist of the Week: Tony Coles’ Journey from Mass General Doctor to SF Biotech CEO”

BirchBox Secures $10,500,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af923d45-cfdb-4165-b197-53588dfc9109&Preview=1 Date 8/18/2011 Company Name BirchBox Mailing Address 307 Seventh Ave. New York, NY 10001 Company Description The company provides deluxe samples of the newest products to subscribers. Website http://www.birchbox.com Transaction Type Venture Equity Transaction Amount $10,500,000 Transaction Round Series A Proceeds Purposes The new financing will be used primarily to pursue … Continue reading “BirchBox Secures $10,500,000 Series A Round”

Are Free Motorola Phones in Our Future? A VC’s Take on Why Google is Buying Motorola

I was invited to go on Bloomberg West TV on Monday when news broke of Google’s plan to acquire Motorola for $12.5 billion in cash. I hadn’t had much time to digest the news before going on live television and found myself verbalizing my gut instinct: that is, I think Google will at some point … Continue reading “Are Free Motorola Phones in Our Future? A VC’s Take on Why Google is Buying Motorola”

The Future of Life Sciences in New York: Xconomy to Convene its First Big NYC Event Oct. 13

I had only been at Xconomy a couple of weeks when I realized how hot the topic of biotech’s future in New York truly is. It was April, and I was one of the members of the press at the New York Biotechnology Association’s 20th annual meeting. The first panel I attended had a provocative … Continue reading “The Future of Life Sciences in New York: Xconomy to Convene its First Big NYC Event Oct. 13”

O’Reilly Strata New York

This weeklong collection of conferences is geared towards helping entrepreneurs manage the deluge of data that’s transforming traditional business practices. Attendees will learn the latest on the skills, tools, and technologies they need to make data work. Register for individual events or for a super pass to the entire week of conferences here.

Scientists Spot New Antibodies Against HIV, Opening Up Potential Path to AIDS Vaccine

Scientists have never been able to make an effective AIDS vaccine, largely because the HIV virus is crafty, always finding ways to mutate and escape the body’s immune defenses. But now a national team of scientists has found antibodies that zero in on newly identified weak spots in the virus, potentially opening up promising new … Continue reading “Scientists Spot New Antibodies Against HIV, Opening Up Potential Path to AIDS Vaccine”

BuyWithMe CEO Jim Crowley Talks Strategy in Mobile, Payments, and Loyalty 2.0

There may be no such thing as loyalty anymore. But there is something called Loyalty 2.0—this is a new wave of companies helping stores and restaurants offer things like digital coupons, deals, and rewards to repeat customers. And a lot of Boston and New York startups are getting in on the trend. One of them … Continue reading “BuyWithMe CEO Jim Crowley Talks Strategy in Mobile, Payments, and Loyalty 2.0”

Cinchcast Lands $6M in Series B Round

New York’s Cinchcast, formerly known as BlogTalkRadio, said in a press release Wednesday it raised $6 million in a series B funding round led by Guggenheim Partners. Cinchcast provides services to record, publish, and share audio content over the Internet using telephones and web browsers. The company said the new funding will go toward expansion … Continue reading “Cinchcast Lands $6M in Series B Round”

Delcath Takes FDA Hassle in Stride, Prepares to Sell New Chemo Device Overseas

On July 20, Delcath Systems (NASDAQ: [[ticker:DCTH]]) raised $23.5 million in a secondary offering, pricing its stock at $5.05—a significant discount to the $11 price tag the medical device company’s shares had sported six months earlier. But in a meeting with Xconomy at Delcath’s midtown Manhattan headquarters a few weeks later, Delcath CEO Eamonn Hobbs … Continue reading “Delcath Takes FDA Hassle in Stride, Prepares to Sell New Chemo Device Overseas”

Finding Trends: Cleantech IPOs Skew Toward Biofuels, Materials, Energy Efficiency

Even before global markets reacted to the U.S. credit downgrade, IPOs for cleantech companies have been relatively few and far between. Still, the IPO data for the first half of 2011 reveals the kinds of alternative energy and green technology companies are going public—a good indication of which sectors are more likely to attract more … Continue reading “Finding Trends: Cleantech IPOs Skew Toward Biofuels, Materials, Energy Efficiency”

Talk Market Obtains $521,773 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=203ec93a-0f51-4823-bc4a-6d7aed42efe9&Preview=1 Date 8/17/2011 Company Name Talk Market Mailing Address 1255 Park Avenue New York, NY 10029 Company Description Submit Talk Market is a television shopping channel hosted by you! Anyone with a product to sell can upload a video featuring their product and be a part of our unique and entertaining marketplace. … Continue reading “Talk Market Obtains $521,773 New Round”

Umami Obtains $1,650,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0615f644-6856-4e0c-ac1e-75bd0948973c&Preview=1 Date 8/17/2011 Company Name Umami Mailing Address 347 West 36th Street New York, NY 10018 Company Description Umami (www.umami.tv) develops products that enhance the consumer TV viewing experience, while dramatically simplifying the creation of these experiences for networks and advertisers. The company, led by digital media veterans from TV Guide, Comcast, … Continue reading “Umami Obtains $1,650,000 New Round”

ShowMe Obtains $800,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=41e922fa-1be7-45fa-8898-fc260b711f64&Preview=1 Date 8/17/2011 Company Name ShowMe Mailing Address Undisclosed New York, NY 10001 Company Description ShowMe is a global learning community – a place where anyone can learn or teach anything. Website http://www.showme.com Transaction Type Venture Equity Transaction Amount $800,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms … Continue reading “ShowMe Obtains $800,000 New Round”

Return Path Lands $11,000,002 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b1414dc9-9bd1-4017-9a4d-b854ef8a9180&Preview=1 Date 8/17/2011 Company Name Return Path Mailing Address 304 Park Avenue South 7th floor New York, NY 10010 Company Description Return Path has helped top marketers build relevant relationships with their customers, generating higher response rates and achieving significant returns on investment with their email program. Website http://www.returnpath.net Transaction Type Venture … Continue reading “Return Path Lands $11,000,002 New Funding”

Fynanz Raises $2M

New York-based Fynanz has raised $2 million in debt and securities, according to an SEC filing. Fynanz provides Web-based student lending networks and tools. The company previous raised $6.5 million in a Series A, from Brazos Group, DFJ Gotham, Draper Fisher Jurvetson, and Zelkova Ventures.

Major League Gaming Raises $3M in Debt

New York-based Major League Gaming has raised $3.1 million in debt and rights, as part of a funding round that could reach $4.9 million, according to an SEC filing. Major League Gaming is the largest league of professional video game players in the world. The company’s previous investors include Legion Enterprises, Oak Investment Partners, and … Continue reading “Major League Gaming Raises $3M in Debt”

Computing in the Age of the $1000 Genome: Xconomy to Convene Next Big SF Event Oct. 24

An amazing innovation story has been unfolding the past few years in the field of gene sequencing, which is creating one of today’s biggest computing challenges. New DNA sequencing tools are improving at such a rapid pace that scientists say it will soon be possible to generate the 3-billion-letter signature of an individual’s DNA for … Continue reading “Computing in the Age of the $1000 Genome: Xconomy to Convene Next Big SF Event Oct. 24”

AccuVein Wows Investors With Device That Prevents Extra Needle Sticks

Virtually everyone who’s ever had a blood test has experienced this nightmare at least once: Prick, no vein, prick, still no vein, prick … those are all the extra needle sticks that happen when a nurse or other medical professional can’t find a vein to draw blood or insert an IV. The desire to prevent … Continue reading “AccuVein Wows Investors With Device That Prevents Extra Needle Sticks”

Innovate or Conserve Cash? The Growing Dilemma for Biotech Firms

There’s no doubt that managing a biotech company is an enduring challenge, even during less tumultuous economic times. Now, entrepreneurs are contending with resources that are incredibly tight, an economy that is unsettled, a stock market on a roller-coaster ride, and research and development budgets that are being slashed. The stewardship role entrusted to the … Continue reading “Innovate or Conserve Cash? The Growing Dilemma for Biotech Firms”