Dear Members of Congress: Don’t Gut the NIH Budget

In 1973, research spearheaded by Herbert Boyer at the University of California San Francisco and Stanley Cohen at Stanford University led to the discovery of recombinant DNA technology and, in turn, genetic engineering. That basic scientific investigation, supported by funding from the National Institutes of Health (NIH), ultimately spawned an entire industry. What we now … Continue reading “Dear Members of Congress: Don’t Gut the NIH Budget”

Some Q3 Megadeals Amid Decline in U.S. VC Activity: Behold the Top 10

Venture firms invested $6.48 billion in 890 deals throughout the United States during the three months that ended September 30, according to the MoneyTree Report being released today by the National Venture Capital Association (NVCA) and PricewaterhouseCoopers. Venture activity remained strong during the third quarter in the software sector, but funding for life sciences and … Continue reading “Some Q3 Megadeals Amid Decline in U.S. VC Activity: Behold the Top 10”

Upgrade, Downgrade: Pokki Offers Windows 8 Users a Familiar Menu

Next week, Microsoft is scheduled to officially kick off its marketing campaign for Windows 8, described as the most radical overhaul of the PC operating system since Bill Gates persuaded Mick Jagger to let him use “Start Me Up” to promote Windows 95. Microsoft obviously has a lot riding on its new tile-like startup display, … Continue reading “Upgrade, Downgrade: Pokki Offers Windows 8 Users a Familiar Menu”

Dunkin’ or Starbucks? Placed Tracks Consumer Moves to Find Out

If you’ve been to the Northeast, you’ve seen it firsthand. For some unexplainable reason, people go absolutely bonkers for Dunkin’ Donuts coffee. And thanks to mobile-marketing startup Placed, we can see just how rabid those customers are. When the Seattle-based startup tracked the movements of consumers in several cities around the country, it found that … Continue reading “Dunkin’ or Starbucks? Placed Tracks Consumer Moves to Find Out”

Xconomist of the Week: Angel John Landry Says No to Consumer Apps, Couples

[Updated, October 18, 2012–see below] A few weeks ago, Xconomy posted a slide-show extravaganza called Top Angel Investors of New England that featured short profiles of 34 of the region’s leading individual investors. To help choose the candidates, we culled through editors’ knowledge banks, and surveyed entrepreneurs and investors alike. One name on nearly everyone’s … Continue reading “Xconomist of the Week: Angel John Landry Says No to Consumer Apps, Couples”

Calling All Seattle Biotechies: The Icos Impact Is Coming Up Nov. 27

Ever wonder what the people inside Icos really thought about tadalafil (Cialis), way back in 1996? That was when GlaxoSmithKline bailed out of a partnership with the Bothell, WA-based biotech company, thinking this molecule was just another dud for cardiovascular disease. Two years later, it became obvious that GlaxoSmithKline truly didn’t know what it had. … Continue reading “Calling All Seattle Biotechies: The Icos Impact Is Coming Up Nov. 27”

Spring Wireless Garners $16,750,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f80983a-3bc2-4deb-9e8f-3695cb1521a6&Preview=1 Date 10/18/2012 Company Name Spring Wireless Mailing Address 2505 2nd Avenue Seattle, WA 98121 Company Description Spring Wireless delivers end-to-end mobility solutions designed to enable business and organizations to increase productivity, optimize real-time processes and operations, and maximize business success. Website http://www.springwireless.com Transaction Type Venture Equity Transaction Amount $16,750,000 Transaction Round … Continue reading “Spring Wireless Garners $16,750,000 New Financing Round”

Deal Count Rises, But Third Quarter VC Funding Lags Behind ’11 Pace

Venture capital activity continued apace during the third quarter, with $7.5 billion invested in 835 deals nationwide—the highest deals tally since the dot-com era. But the overall funding total for 2012 is expected to decline from the $30.7 billion invested in 2011, according to a report today from New York financial data firm CB Insights. … Continue reading “Deal Count Rises, But Third Quarter VC Funding Lags Behind ’11 Pace”

GoChime Receives $150,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9320b429-0002-4d97-92aa-a15fa2ec2eaf&Preview=1 Date 10/17/2012 Company Name GoChime Mailing Address Undisclosed Seattle, WA 98104 Company Description GoChime is THE platform through which brands & their fans reach out to help. People get access to deals and solutions when they need them most. Website http://www.gochime.com Transaction Type Venture Equity Transaction Amount $150,000 Transaction Round Undisclosed … Continue reading “GoChime Receives $150,000 New Round”

Esri Acquires Geoloqi for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f8b98b7-bf33-4f8c-b23e-c09bee7d18e6&Preview=1 Date 10/17/2012 Company Name Geoloqi Mailing Address Undisclosed Portland, OR 97214 Company Description Geoloqi is a private, real-time mobile and web platform for securely sharing location data. We’re a company that believes in doing more with location, and creating useful services for people and businesses. Website http://www.geoloqi.com Transaction Type M&A Transaction … Continue reading “Esri Acquires Geoloqi for Undisclosed Sum”

Charles Simonyi, David Allen Team Up To Get Things Done on Mobile

Getting Things Done author David Allen, inventor of a technique used by hundreds of thousands of professionals to manage their workloads, isn’t a big technology booster. Arguing that his method is mainly a habit of thought, he’s never released or endorsed an official “GTD” app or service. In fact, he’s often said that gadgets and … Continue reading “Charles Simonyi, David Allen Team Up To Get Things Done on Mobile”

Stratos Genomics Receives $2,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f660a445-7f05-4dfe-9e51-cfde13aa5daf&Preview=1 Date 10/16/2012 Company Name Stratos Genomics Mailing Address 2401 Elliott Ave. 5th Floor Seattle, WA 98121 Company Description Stratos Genomics mission is to establish the next gold standard of DNA sequencing with its flagship Sequencing by Expansion (SBX) method. SBX is a simple, elegant, single-molecule detection process that circumvents the limitations … Continue reading “Stratos Genomics Receives $2,000,000 New Round”

Which VCs Are Poised to Cash In On the Biotech IPOs of 2012?

There’s a story going on in biotech venture capital, and it’s about a slow and painful death. Four years after the start of the Great Recession, and after a decade of too much promising and too little delivering, the majority of biotech VCs are struggling to stay afloat. Firms are shutting their doors, forcing partners … Continue reading “Which VCs Are Poised to Cash In On the Biotech IPOs of 2012?”

AuctionEdge Secures $10,800,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1dbfa078-418f-4173-990e-52f874b30abc&Preview=1 Date 10/15/2012 Company Name AuctionEdge Mailing Address 1411 4th Avenue Seattle, WA 98101 Company Description AuctionEDGE is a technology company that advances the independent auto auction community through its suite of industry leading products. EDGE will allow independent auctions, corporate remarketers and dealers to easily transact, manage and conduct business across … Continue reading “AuctionEdge Secures $10,800,000 New Financing Round”

I Won’t Buy an iPad Mini—But Parents and Schools Will

Until recently, I was an iPad Mini denier. A tablet with a 7- or 8-inch screen feels like the worst of both worlds to me—too big for simple e-reading, too small for serious Web browsing, games, and photos. And Apple has historically been a creator, not a joiner, so the idea that the company would … Continue reading “I Won’t Buy an iPad Mini—But Parents and Schools Will”

In the Microsoft Accelerator with SD’s Embarke: ‘This is Not Easy!’

In their first 10 days at the Microsoft Accelerator program, Embarke CEO Al Bsharah says he and co-founder Bryan Hall have worked 16- to 20-hour days every day—“and we’re behind!” Of more than 600 startups that applied, Embarke was the only San Diego startup admitted to the intensive business-mentoring program. The accelerator, which began Oct. … Continue reading “In the Microsoft Accelerator with SD’s Embarke: ‘This is Not Easy!’”

Xconomist of the Week: Bill Warner’s Rules for Angel Investing

First, a word to the wise. These investment rules may work for Bill Warner, but they’re not for everyone. Because Warner is one of a kind. The renowned Boston-area techie founded Avid Technology (NASDAQ: [[ticker:AVID]]) in video production and Wildfire Communications in voice-based systems, back in the day. In recent years he has dedicated his … Continue reading “Xconomist of the Week: Bill Warner’s Rules for Angel Investing”

Exclusive: OVP Venture Partners, NW’s Oldest VC Firm, To Shut Down

OVP Venture Partners, the Kirkland, WA-based venture firm that has invested $750 million in more than 125 high tech, biotech and clean energy companies in its history, won’t raise any new funds and is gradually winding down operations after almost 30 years in business, Xconomy has learned. Three of OVP’s six managing directors—Mark Ashida, Lucinda … Continue reading “Exclusive: OVP Venture Partners, NW’s Oldest VC Firm, To Shut Down”

VisibleBrands Lands $3,841,845 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c1086266-122b-400a-a8a5-4d46108d65a8&Preview=1 Date 10/11/2012 Company Name VisibleBrands Mailing Address Undisclosed Kirkland, WA 98083 Company Description Shoppers make purchase decisions while they are in the store, in the aisle. The Moment of Decision™ is what matters most, the moment where advertisers can have the most impact with their audience – and deliver the last … Continue reading “VisibleBrands Lands $3,841,845 New Funding”

Why a Microsoft Smartphone Just Can’t Happen—Not Yet, Anyway

As Microsoft gears up to show off the newest generation of its smartphone software, there are growing questions about whether the software pioneer might start cranking out its own handsets, too. Microsoft’s certainly helping to stoke that idea by recasting itself as a “devices and services” company, as CEO Steve Ballmer just wrote in his … Continue reading “Why a Microsoft Smartphone Just Can’t Happen—Not Yet, Anyway”

Genocea Snags $30M from Gates Foundation, VCs for New Vaccines

Genocea Biosciences, one of the big ideas for new vaccines in Boston biotech, just got another $30 million boost from a group of investors that includes the Seattle-based Bill & Melinda Gates Foundation. Cambridge, MA-based Genocea said today it raised its Series C investment round from the Gates Foundation, CVF, and all of its existing … Continue reading “Genocea Snags $30M from Gates Foundation, VCs for New Vaccines”

CreativeLIVE Obtains $7,500,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6d7c5fb-bc37-4b34-b8c3-b1e5fdd760c8&Preview=1 Date 10/10/2012 Company Name CreativeLIVE Mailing Address 757 Thomas Street Seattle, WA 98109 Company Description creativeLIVE is a live online worldwide creative classroom offering FREE education in photography, filmmaking, web design and more! Website http://www.creativelive.com Transaction Type Venture Equity Transaction Amount $7,500,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were … Continue reading “CreativeLIVE Obtains $7,500,000 Series A Round”

Rapid7 Acquires Mobilisafe, Boosting Mobile Device Security

Looks like it’s a good time to be in the mobile security business. Seattle-based Mobilisafe, a startup that just rolled out its product in June, has been acquired by Boston IT security company Rapid7 for an undisclosed price. And Mobilisafe’s technology will live on—Rapid7 will start selling the product as of Wednesday, Mobilisafe co-founder Giri … Continue reading “Rapid7 Acquires Mobilisafe, Boosting Mobile Device Security”

Rapid7 Acquires Mobilisafe for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=690a200d-62b0-4131-bc82-bf1efb0cfbcf&Preview=1 Date 10/9/2012 Company Name Mobilisafe Mailing Address 155 108th Ave NE Bellevue, WA 98004 Company Description The company is developing technologies to enable business IT departments to cope with mobile devices. Website http://mobilisafe.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were … Continue reading “Rapid7 Acquires Mobilisafe for Undisclosed Sum”

Watch Out SF, Boston Is Turning Into Biotech’s No. 1 Cluster

Biotech has never concentrated in just one place. This industry tends to grow up in geographic clusters, but it will always be spread across the map, partly because great science comes from hundreds of academic hotspots around the world. But there have always been two places—San Francisco and Boston—that have stood out far above all … Continue reading “Watch Out SF, Boston Is Turning Into Biotech’s No. 1 Cluster”

Little Bird Lands $1,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=05063980-5932-45f6-aca5-508ddddff9af&Preview=1 Date 10/8/2012 Company Name Little Bird Mailing Address 5916 NE Alberta Street Portland, OR 97218 Company Description A company called Plexus Engine Inc., doing business as Little Bird, automates the process of finding and verifying social media sources. Website http://www.getlittlebird.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds … Continue reading “Little Bird Lands $1,000,000 New Financing”

Seattle Deals: Amazon, Buuteeq, Startup Weekend, Microsoft

A few pieces of Seattle-area news spanning real estate, startup financing, and acquisitions to catch up on before the weekend: —Amazon is expanding its real estate holdings in Seattle. In a filing with federal regulators, the e-commerce pioneer and ever-expanding tech leader says it’s buying 11 buildings it already occupies for about $1.16 billion. Amazon … Continue reading “Seattle Deals: Amazon, Buuteeq, Startup Weekend, Microsoft”

Good Jobs Await Us, If Health and Tech Sectors Can Work Together

Much has been made about waste in healthcare, with a new government report tallying $750 billion in unnecessary costs each year – enough to insure 150 million American workers.  The digitization of healthcare, from the introduction of electronic health records to the application of high tech data analytics to reveal patterns that can point to … Continue reading “Good Jobs Await Us, If Health and Tech Sectors Can Work Together”

Lockerz Receives $7,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b62d85f9-d645-41c4-b3e1-1b565cb50cd6&Preview=1 Date 10/5/2012 Company Name Lockerz Mailing Address 100 S. King St. Sixth Floor Seattle, WA 98104 Company Description Lockerz’ mission is to be the homepage for men and women ages 13 to 30, building a community of trendsetters and tastemakers who love to shop, play and connect on the Web. As … Continue reading “Lockerz Receives $7,500,000 New Financing”

Xconomist of the Week: SRI’s Curt Carlson on 7 Rules for Creating Jobs

“This all comes down to job growth,” Curt Carlson says, considering the future of the U.S. economy. “Budget cuts and changes to tax policies and regulations are necessary. But whether they lower rates for some people, increase revenue by taxing the rich, or close corporate loopholes, they aren’t remotely enough to offset the deficit we face. … Continue reading “Xconomist of the Week: SRI’s Curt Carlson on 7 Rules for Creating Jobs”

Opscode Expands Overseas as Enterprise Cloud Software Biz Grows

Opscode, a Seattle startup that offers cloud-computing software and services for businesses, is putting some of its recent venture cash to use with expansions in Europe and Asia. The new European office—which starts with just one London-based employee—will focus on sales and fostering the open-source community participating in Chef, the software system that Opscode created … Continue reading “Opscode Expands Overseas as Enterprise Cloud Software Biz Grows”

Rhapsody Beefs up Smart TV Offerings, Hints at More Features

The living room used to be the pinnacle of music listening: A big, shiny, multi-component stereo system, preferably with some big speakers stacked up alongside. With the 30th anniversary of the compact disc just passing, it’s hard to miss the fact that this ain’t how we listen to tunes anymore. “It went away after the … Continue reading “Rhapsody Beefs up Smart TV Offerings, Hints at More Features”

T-Mobile Merging with MetroPCS, Forming New Independent Carrier

T-Mobile, the fourth-place U.S. wireless carrier, is splitting from its German parent to compete in the domestic mobile market as a standalone public company. T-Mobile and MetroPCS, a smaller pre-paid carrier based in Texas, announced their plans to form a new company on Wednesday morning. MetroPCS and T-Mobile’s parent company, Deutsche Telekom, had confirmed a … Continue reading “T-Mobile Merging with MetroPCS, Forming New Independent Carrier”

Celgene Puts $35M into VentiRx, Gets Option to Buy Cancer Drugmaker

Celgene became one of the world’s biggest biotech companies because of its drug for blood cancers that scientists say works at least partly by stimulating an immune reaction against cancer cells. Now it’s putting some big money into a partnership with Seattle-based VentiRx Pharmaceuticals that aims to go a step further in developing cancer immunotherapies. … Continue reading “Celgene Puts $35M into VentiRx, Gets Option to Buy Cancer Drugmaker”

Buuteeq Obtains $10,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=55169fae-fe3d-4d3a-b7c0-0a2e5bfdce1b&Preview=1 Date 10/3/2012 Company Name Buuteeq Mailing Address 1455 NW Leary Way Seattle, WA 98107 Company Description Buuteeq offers a hosted digital marketing solution for small/medium size independently managed hotels. Website http://www.buuteeq.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Undisclosed Proceeds Purposes The additional capital coupled with subscription revenue, from … Continue reading “Buuteeq Obtains $10,000,000 New Funding”

Flux Drive Obtains $500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe7ed4dd-24c9-4a1f-a323-eca3b7b2fe80&Preview=1 Date 10/3/2012 Company Name Flux Drive Mailing Address 14209 29th Street East Sumner, WA 98390 Company Description Founded in 2003, Flux Drive has focused its development effort on building an alternative to the electrical variable frequency drive (VFD). Specifically, the founders wanted to solve vibration and reduce the peripheral cost associated … Continue reading “Flux Drive Obtains $500,000 New Financing Round”

T-Mobile & MetroPCS in Merger Talks, Companies Confirm

Updated 12:45 pm Pacific Fourth-place US mobile carrier T-Mobile, heading in a new direction after its failed merger with AT&T last year, is getting more serious about tying up with a smaller carrier. Bellevue, WA-based T-Mobile’s parent company, German carrier Deutsche Telekom, confirmed on Tuesday that it’s discussing a merger with MetroPCS, a small pre-paid wireless … Continue reading “T-Mobile & MetroPCS in Merger Talks, Companies Confirm”

Startup Atreca Joins With Gates Foundation to Speed Vaccine Discovery

Two-year-old Atreca, a very small company with very big plans, recently got a very big boost when the Bill & Melinda Gates Foundation made a $6 million equity investment in the biopharmaceutical firm. San Carlos, CA-based Atreca and the Seattle non-profit will work together to speed up progress toward the development of new vaccines and drugs. … Continue reading “Startup Atreca Joins With Gates Foundation to Speed Vaccine Discovery”

The Reproducibility Initiative: A Good Idea in Theory that Won’t Work in Practice

The failure of scientists to independently confirm much of the data contained in “hot” academic publications is casting a long shadow over the biopharmaceutical industry. Research groups at Amgen and Bayer reported that the data in a significant percentage of published “breakthrough” papers from academic scientists could not be confirmed in their labs. Given that … Continue reading “The Reproducibility Initiative: A Good Idea in Theory that Won’t Work in Practice”

Microsoft Azure Accelerator: 10 Startup Names to Watch

Microsoft’s partnership with the TechStars accelerator is taking another big step forward today: It’s announcing the first class of 10 startups admitted to the Azure cloud computing program. The software giant says it screened more than 600 applicants for the program, which houses startup founders in Microsoft’s office in the South Lake Union neighborhood—right near … Continue reading “Microsoft Azure Accelerator: 10 Startup Names to Watch”

Betting on Biotech to Catalyze U.S. Job Growth? Don’t Count On It

The big national conversation this election year is about jobs. The number of unemployed, underemployed, and discouraged workers in the U.S. has been scary-high for a few years now. Everyone wants to know in the wake of the Great Recession how to create more jobs, more high-wage jobs, and train more Americans to get those … Continue reading “Betting on Biotech to Catalyze U.S. Job Growth? Don’t Count On It”

Concur Bets Big on Mobile, the Next Big Revolution in Biz Travel

Concur Technologies is often cited as one of the Seattle area’s under-the-radar success stories: A growing public company, founded in 1993, that sells travel and expense reporting software to businesses big and small. Instagram, it definitely ain’t. But the cool-obsessed technology industry, whose investors and insiders tend to reward swagger, is missing something if it … Continue reading “Concur Bets Big on Mobile, the Next Big Revolution in Biz Travel”

Tier 3 Adds $10M, Led by Intel Capital, to Expand Cloud Services

Cloud-computing service provider Tier 3 has raised another $10 million to expand its IT products for big businesses. The new money first showed up in a filing with the SEC. A company spokeswoman says new investor Intel Capital led the Series B round, which also included investments from existing backers Madrona Venture Group and Ignition … Continue reading “Tier 3 Adds $10M, Led by Intel Capital, to Expand Cloud Services”

NanoString Gets EU Clearance To Sell Breast Cancer Diagnostic Test

Seattle-based NanoString Technologies has been maneuvering over the last couple years to get into the diagnostics business, and now it has gotten itself in position to start bringing in real revenues from this new line of business. NanoString is announcing today it has gotten a CE Mark designation from the European Union, which allows the … Continue reading “NanoString Gets EU Clearance To Sell Breast Cancer Diagnostic Test”

VLST Cuts Scientific Group As Focus Shifts to Clinical Trials

Seattle-based VLST is laying off about two-thirds of its staff as it seeks to save cash for clinical trials of a cancer drug candidate it licensed from Pfizer, Xconomy has learned. The biotech company will be downsizing from 17 employees to five at the end of this year, CEO Martin Simonetti says. VLST is eliminating … Continue reading “VLST Cuts Scientific Group As Focus Shifts to Clinical Trials”

Kinsella Redux: Charting a Way Back for Life Sciences Startups

As a man of many talents, Avalon Ventures’ Kevin Kinsella has a tendency to apply a term from one of his fields of interests in a conversation about another. Kinsella’s career as a biotech venture investor has spanned nearly 30 years and more than 100 financings. These include early stage bets on San Francisco-based Onyx … Continue reading “Kinsella Redux: Charting a Way Back for Life Sciences Startups”

Tier 3 Secures $10,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=def744a6-5c11-49fa-9f0a-495820ab4c52&Preview=1 Date 9/27/2012 Company Name Tier 3 Mailing Address 110 110th Ave NE Seattle, WA 98004 Company Description Tier 3 offers enterprise-level managed services for businesses of all types and sizes around the world. With our best-in-class architecture and platform, Tier 3 serves as an extension of its customers’ IT departments, enabling … Continue reading “Tier 3 Secures $10,000,000 New Financing”

Cardeas Pharma Obtains $2,991,213 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=24460c0a-a426-4af5-9e46-09d2bfc95448&Preview=1 Date 9/27/2012 Company Name Cardeas Pharma Mailing Address 2518 Eastlake Ave. E. Seattle, WA 98102 Company Description The company is a stealth mode pharmaceutical developer. Website Undisclosed Transaction Type Venture Equity Transaction Amount $2,991,213 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing-amended. M&A Terms Venture Investor … Continue reading “Cardeas Pharma Obtains $2,991,213 New Funding Round”

Tire-Recycling Company Reklaim Resurfaces, Raising $4M

Updated 9/27 It’s been a long and twisted path for Reklaim, a cleantech company that seeks to turn old tires into oils and other useful products. Now, it’s finding more investment cash to fuel its next chapter. The Seattle-based company was founded in 2003 and raised some $20 million in capital from investors including Goldman … Continue reading “Tire-Recycling Company Reklaim Resurfaces, Raising $4M”

Institute Collaborates with Kinect-Based System for Physical Therapy

In a nifty display of healthcare innovation, the nonprofit West Health Institute says today it has developed a prototype system that uses the Microsoft Kinect motion sensing system to help physical therapy patients carry out their exercise regimen. The San Diego-based medical research organization says it also plans to collaborate with the Naval Medical Center … Continue reading “Institute Collaborates with Kinect-Based System for Physical Therapy”