Microsoft Expands its “NERDy” Kendall Square R&D Presence to One Cambridge Center

Microsoft announced today that it will be taking over another chunk of Cambridge’s Kendall Square neighborhood this summer. The company said it will expand its New England Research & Development Center—affectionately known as NERD—by leasing another 113,000 square feet at One Cambridge Center, down the road from NERD’s One Memorial Drive location. The initial phase … Continue reading “Microsoft Expands its “NERDy” Kendall Square R&D Presence to One Cambridge Center”

Avila Therapeutics Strikes $209M Lung Cancer Deal with Clovis Oncology

Avila Therapeutics has a new target for its unique class of drugs—lung cancer. The Waltham, MA-based biotech startup has clinched a $209 million deal with Clovis Oncology for drugs against mutated tumors in the lungs, according to the companies. The companies are keeping a tight lid on the details of the deal, including how much … Continue reading “Avila Therapeutics Strikes $209M Lung Cancer Deal with Clovis Oncology”

Detroit Breast Cancer Imaging Company Delphinus Medical Gets $8M Investment

A decade of hard work is beginning to pay off for breast cancer researchers at Detroit’s Barbara Ann Karmanos Cancer Institute, whose spinoff company, Delphinus Medical Technologies, announced last night it has attracted $8 million in venture capital to help bring its breast cancer imaging device to market. The lead investor is Arboretum Ventures of … Continue reading “Detroit Breast Cancer Imaging Company Delphinus Medical Gets $8M Investment”

UTest Tests Its Testers in Payday Snafu

Creating Web-based marketplaces for “crowdsourcing”—farming out digital piece-work to freelancers around the world—has been a hot business idea for the last half-decade. IStockphoto does it for stock images, TopCoder does it for enterprise software, Innocentive does it as a supplement to corporate R&D, and uTest does it for software quality assurance testing. But when push … Continue reading “UTest Tests Its Testers in Payday Snafu”

T2 Biosystems Nails Down $15M For Portable Diagnostic with the Punch of a Desktop

T2 Biosystems has been quiet for a while, but it’s making some noise today. The Cambridge, MA-based developer of a portable diagnostic machine has raised $15 million to carry on its quest for a diagnostic tool that that can beat workhorse laboratory machines on versatility, speed, and price. Physic Ventures led the round, which included … Continue reading “T2 Biosystems Nails Down $15M For Portable Diagnostic with the Punch of a Desktop”

PatientKeeper’s iPad App Lets Docs Juggle Tasks, Furthers Firm’s Mobile Ambitions

PatientKeeper has worked fast to make its physician software available on whichever smartphones or mobile devices doctors like to use. So it makes sense for the Newton, MA-based firm to expand its menu of mobile applications this month to the iPad, Apple’s hot new tablet computing device. The company develops software that automates a physician’s … Continue reading “PatientKeeper’s iPad App Lets Docs Juggle Tasks, Furthers Firm’s Mobile Ambitions”

Generating a Human Return on Investment: Three Young Scientists Pursue Dreams

Businesses have financial data to show how they are performing. Research centers can point to how their discoveries are cited by peers. But nonprofits seeking to benefit society? Hard data and accountability that goes with it can be elusive. That’s why what happened yesterday at the Meydenbauer Center in Bellevue was so impressive. The Northwest … Continue reading “Generating a Human Return on Investment: Three Young Scientists Pursue Dreams”

New England’s Lucky Seven: Under the Radar Startup Financings in April

What do an online music marketing service, a maker of a platform that helps employers target job ads to potential candidates based on what they read, and a developer of treatments for Alzheimer’s disease all have in common? They’re all New England companies that pulled in financings worth less than $1 million in April, or … Continue reading “New England’s Lucky Seven: Under the Radar Startup Financings in April”

T2 Biosystems Garners $15,000,000 Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f799d77-df7c-4c99-aaed-0cbe707d8c98&Preview=1 Date 5/25/2010 Company Name T2 Biosystems Mailing Address 286 Cardinal Medeiros Avenue Cambridge, MA 02141 Company Description T2 Biosystems is a newly formed diagnostics company ushering in a new wave of innovative products to improve medical decision-making and treatment. Our proprietary biosensor technology was invented by a team of world-renowned scientists … Continue reading “T2 Biosystems Garners $15,000,000 Series C Funding”

Expressor Software Corporation Secures $4,500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ddac08e9-8127-4c71-be97-342780a57e93&Preview=1 Date 5/25/2010 Company Name Expressor Software Corporation Mailing Address 1 New England Executive Park Burlington, MA 01803 Company Description The company provides multi-platform, parallel, processing, data management software. Website http://www.expressor-software.com Transaction Type Venture Equity Transaction Amount $4,500,000 Transaction Round Undisclosed Proceeds Purposes The company will use the funding proceeds to fuel … Continue reading “Expressor Software Corporation Secures $4,500,000 New Financing Round”

Off & Away Lands Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b93900e9-334e-402f-8342-a3ed974ab38b&Preview=1 Date 5/25/2010 Company Name Off & Away Mailing Address 318 1st Ave. S. Seattle, WA 98104 Company Description The company operates a travel oriented website that allows shoppers to obtain great deals. Website http://www.offandaway.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series A Proceeds Purposes Proceeds purposes were not … Continue reading “Off & Away Lands Series A Financing”

The Rubicon Project Acquires SiteScout for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=787416f2-f92e-45ca-a81b-33ae2fb9b635&Preview=1 Date 5/25/2010 Company Name SiteScout Mailing Address 419 Occidental Ave. S. Seattle, WA 98104 Company Description SiteScout provides the industry’s leading solution for Web publishers to prevent malicious ads and other dangerous Web content from reaching customers. Website http://www.sitescout.net Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms … Continue reading “The Rubicon Project Acquires SiteScout for Undisclosed Sum”

Delphinus Medical Technologies Lands $8,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d36f757f-bfa0-4c2c-9a39-d103d82a5103&Preview=1 Date 5/25/2010 Company Name Delphinus Medical Technologies Mailing Address Hudson-Webber Cancer Research Center Detroit, MI 48201 Company Description Delphinus Medical Technologies, LLC., is a Michigan company and a spin-off of the Barbara Ann Karmanos Cancer Institute (KCI). Delphinus has succeeded in building a three-dimensional full-breast ultrasound imaging device that effectively differentiates … Continue reading “Delphinus Medical Technologies Lands $8,000,000 New Round”

Bioformix Lands $1,050,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f08af72-1249-4ecc-a856-f08c7a908db3&Preview=1 Date 5/25/2010 Company Name Bioformix Mailing Address Undisclosed Blue Ash, OH 45242 Company Description The company is developing sustainable id users and plastic alternatives. Website Undisclosed Transaction Type Venture Equity Transaction Amount $1,050,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor CincyTech Venture Investor Queen … Continue reading “Bioformix Lands $1,050,000 New Round”

Vinfolio Secures New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6cf7edf-ba63-4093-be5a-2e8430ecd5d2&Preview=1 Date 5/25/2010 Company Name Vinfolio Mailing Address 1890 Bryant Street San Francisco, CA 94110 Company Description Offers wine and services to wine collectors and enthusiasts. Website http://www.vinfolio.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Revolution’s investment enables Vinfolio to fuel its growth by providing substantial financial … Continue reading “Vinfolio Secures New Financing”

Compass Labs Garners $4,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2274f719-9c50-4228-8426-4e32496aaf27&Preview=1 Date 5/25/2010 Company Name Compass Labs Mailing Address 11596 Cedar Spring Court Cupertino, CA 95014 Company Description The company is developing a search and social media related service. Website http://www. compasslabs.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “Compass Labs Garners $4,000,000 New Funding Round”

MEMC Acquires Solaicx for $76,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e96903e9-a05d-4a09-a2ea-7ee9bd856020&Preview=1 Date 5/25/2010 Company Name Solaicx Mailing Address 5102 Calle Del Sol Santa Clara, CA 95054 Company Description Solaicx is developing breakthrough manufacturing technology yielding low-cost, high-efficiency silicon wafers for the photovoltaic (PV) industry. By designing and building equipment optimized for the high volume, continuous manufacture of high-performance, single crystal silicon ingots, … Continue reading “MEMC Acquires Solaicx for $76,000,000”

Motorola Considers San Diego, Other Cities, for Mobile Spin Off Headquarters

Motorola (NYSE: [[ticker:MOT]]), the mobile communications technology giant based in Schaumburg, IL, is scouting sites in Chicago, Dallas, and California for the headquarters of its cell phone spinoff set for next year, according to Crain’s Chicago Business. San Diego is among the California cities under consideration, according to an interview with Motorola co-chief executive (and … Continue reading “Motorola Considers San Diego, Other Cities, for Mobile Spin Off Headquarters”

Ford Invests $135M In Green Cars

Ford says it is “moving to create” a “center of excellence” for electric and hybrid vehicles with its announcement today that it is investing $135 million to design, engineer, and produce key green vehicle components. The company is adding 170 jobs to its Rawsonville, MI, plant to assemble battery packs and more than 50 engineers … Continue reading “Ford Invests $135M In Green Cars”

Open Angel Forum

Boston will get a taste of the Open Angel Forum, a series of events that connects investors and entrepreneurs (and one that doesn’t require startup participants to pay). Startups and angel investors can apply online to participate. The forum is also seeking service providers to sponsor.

Tech Tidbits: Gist Vs. Smartsheet in Google Apps, Display Week Demos, and the Carried Interest Debate

It’s a good start to what promises to be a busy week in Seattle-area tech news. To get caught up, here’s a quick look at what’s been going on around town. —Display Week, the Society for Information Display conference, is going on in Seattle this week. No, the iPad has not put this show out … Continue reading “Tech Tidbits: Gist Vs. Smartsheet in Google Apps, Display Week Demos, and the Carried Interest Debate”

Five Companies Picked To Slug it Out for Ann Arbor SPARK Incubator Space

Five companies ranging in focus from fueling to family planning will have a chance to compete for $50,000 in business acceleration services and a one-year incubator lease at SPARK East in Ypsilanti, MI, on June 4. Business incubator Ann Arbor SPARK, which first announced the competition at the end of April, listed the finalists today. … Continue reading “Five Companies Picked To Slug it Out for Ann Arbor SPARK Incubator Space”

SoCal Angel Investing on Sluggish Pace as Investors Rethink Process

[Corrected 5/24/10, 4:05 pm. See below.] Angel investing in Southern California remained sluggish during the first quarter of 2010, although individual investors’ overall mood seems to be improving, according to Tech Coast Angels chairman Richard Sudek. “Last year was the worst year since our inception,” says Sudek, a Laguna Niguel, CA, resident who oversees the … Continue reading “SoCal Angel Investing on Sluggish Pace as Investors Rethink Process”

Detroit Companies Form Wind Center

A computer-simulation company and an engineering company, both in the Detroit area, are pooling together their wind energy expertise and calling themselves the North American Wind Energy Innovation and Development Center, according to an announcement today at a conference in Dallas. Engineering and testing company Ricardo, with an office in Van Buren Township, MI, and … Continue reading “Detroit Companies Form Wind Center”

Cell Therapeutics Adds $21M

Cell Therapeutics (NASDAQ: [[ticker:CTIC]]), the Seattle-based developer of cancer drugs, said today it has raised $21 million through an offering of preferred stock to three institutional investors. The company’s lead drug candidate, pixantrone for non-Hodgkin’s lymphoma, was rejected by the FDA last month. Cell Therapeutics said it plans to use the new financing to pay … Continue reading “Cell Therapeutics Adds $21M”

Free Copy of Jeff Bussgang’s ‘Mastering the VC Game’ for the Next 25 Purchasers of XSITE 2010 Tickets

Members of the Boston innovation community poured into the Microsoft New England Research and Development Center recently to celebrate the release of Mastering the VC Game, a book by Flybridge Capital Partners general partner Jeff Bussgang that shines a light on the inner workings of venture capital and details what it takes for entrepreneurs to … Continue reading “Free Copy of Jeff Bussgang’s ‘Mastering the VC Game’ for the Next 25 Purchasers of XSITE 2010 Tickets”

Constant Contact Buys NutshellMail

Constant Contact, the Waltham, MA-based provider of online marketing software for small organizations, says today it has bought NutshellMail for an undisclosed sum. Menlo Park, CA-based Nutshellmail’s software enables small businesses to monitor social networking sites like Facebook and LinkedIn and get the results delivered to their e-mail inboxes, according to Constant Contact (NASDAQ:[[ticker:CTCT]]). Mark … Continue reading “Constant Contact Buys NutshellMail”

Scanning the World for Reliable Suppliers, Panjiva Seeks to Bring Order to a Messy Process

If you’re in an industry where you depend on suppliers from across the globe, searching the Web for a part or a collaborator isn’t exactly as easy as trying to figure out where you should eat dinner. Josh Green discovered this around 2005 when he was a Harvard Business School student interning at E Ink, … Continue reading “Scanning the World for Reliable Suppliers, Panjiva Seeks to Bring Order to a Messy Process”

NormOxys Pockets $17.5M for Drugs Against Heart Failure, Cancer

NormOxys, the Wellesley, MA-based company on a quest to make a new class of drugs that normalize oxygen levels in deprived tissues, has raised $17.5 million in venture capital to run its first set of tests in people with chronic heart failure and cancer. The financing was led by a new investor, Princeton, NJ-based Care … Continue reading “NormOxys Pockets $17.5M for Drugs Against Heart Failure, Cancer”

Biofuels Consortium Targets Technical Hurdles, Legend Films Morphs Into Legend 3D, Fallbrook Technologies Adds Details to IPO Filing, & More San Diego BizTech News

Cleantech was the watchword of the week, with much of the news concerning algae-based biofuels and energy efficiency. Read on to get that and the rest of last week’s biztech news. —The new executive director of the National Alliance for Advanced Biofuels and Bioproducts (NAABB), José Olivares, outlined some of the technical challenges that must … Continue reading “Biofuels Consortium Targets Technical Hurdles, Legend Films Morphs Into Legend 3D, Fallbrook Technologies Adds Details to IPO Filing, & More San Diego BizTech News”

From Bootstrap to VC: Appature Doubles Size in a Year, Looks for Next Defining Moment in Health IT

What happens to a scrappy, profitable startup after it decides to take its first round of venture funding? Cynics might say the founders will give up too much control to venture capitalists, focus on growth while sacrificing profits, and try to make a splash in a bigger market before it’s ready. Seattle-based Appature would say … Continue reading “From Bootstrap to VC: Appature Doubles Size in a Year, Looks for Next Defining Moment in Health IT”

Mascoma’s Plan for Ethanol Plant in Michigan Likely Delayed, CEO Says

Lebanon, NH-based Mascoma has made strides with its process for producing ethanol from non-food plants such as wood chips and grass. Yet the firm is likely to delay the start of production at its first planned commercial facility, in northern Michigan, company CEO Bill Brady says. Mascoma had been aiming to open a plant in … Continue reading “Mascoma’s Plan for Ethanol Plant in Michigan Likely Delayed, CEO Says”

Swaptree.com Receives $6,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e009cd0d-3b29-47de-bc89-1ba950e8d1a0&Preview=1 Date 5/24/2010 Company Name Swaptree.com Mailing Address 500 Harrison Ave 3rd Floor Boston, MA 02118 Company Description Swaptree.com is a new and innovative way for people to easily trade books, CDs, DVDs and video games for free with other users. Website http://www.swaptree.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round … Continue reading “Swaptree.com Receives $6,000,000 New Financing”

NitroSecurity Secures $500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e61e566c-2e86-4f9c-9284-893338437259&Preview=1 Date 5/24/2010 Company Name NitroSecurity Mailing Address 230 Commerce Way Portsmouth, NH 03801 Company Description NitroSecurity is a leading provider of high-performance enterprise security solutions that deliver the industry’s first integrated network + security monitoring, analysis, and protection system. Website http://www.nitrosecurity.com Transaction Type Debt Transaction Amount $500,000 Transaction Round Undisclosed Proceeds … Continue reading “NitroSecurity Secures $500,000 New Funding Round”

NormOxys Obtains $17,500,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eb2c98ba-03e0-4233-a110-a3f8c089cd44&Preview=1 Date 5/24/2010 Company Name NormOxys Mailing Address 16 Laurel Ave. Wellesley, MA 02481 Company Description NormOxys is developing a novel class of small molecule drugs, oxyrens, which enhance the body’s ability to deliver oxygen more efficiently to diseased tissues with oxygen deficiency. This new class of drugs can be potentially developed … Continue reading “NormOxys Obtains $17,500,000 Series B Funding Round”

Gaikai Receives $10,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a44c0a8e-9a1f-4487-af9b-dba87fdd8eb1&Preview=1 Date 5/24/2010 Company Name Gaikai Mailing Address 65 Enterprise Aliso Viejo, CA 92656 Company Description Gaikai is a revolutionary new technology that lets you play any game online in your browser. In the age of the cloud, when all your documents, email, photos and videos are instantly reachable online, it seems … Continue reading “Gaikai Receives $10,000,000 Series B Financing Round”

Bazaar Labs Garners New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=37edb41e-11d6-4561-9e12-924f9ef0f0b9&Preview=1 Date 5/24/2010 Company Name Bazaar Labs Mailing Address Undisclosed San Francisco, CA 94105 Company Description We build web and mobile applications powered by the real-time social stream, making it fun and easy for anyone to participate in conversations about their favorite topics. Our flagship product, Miso, is a web and mobile … Continue reading “Bazaar Labs Garners New Round”

Constant Contact Acquires NutshellMail for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a90f2217-dfdf-4fd0-9c37-8db3a14ea54b&Preview=1 Date 5/24/2010 Company Name NutshellMail Mailing Address Undisclosed Atherton, CA 94027 Company Description NutshellMail takes copies of all your latest updates in your social networking and email accounts and places them in a snapshot email. Website http://www.nutshellmail.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms … Continue reading “Constant Contact Acquires NutshellMail for Undisclosed Sum”

Babble Media Secures $3,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56e6f92b-82e4-416c-9167-05272080018f&Preview=1 Date 5/24/2010 Company Name Babble Media Mailing Address 520 Broadway Ninth Floor New York, NY 10012 Company Description The company operates as an online magazine and community for new generation parents. Website http://www.babble.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Series B Proceeds Purposes The funding will be used … Continue reading “Babble Media Secures $3,000,000 Series B Funding Round”

Jingle Punks Music Garners New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=92082b3b-7a3f-4ca3-922e-4e28f16a83b3&Preview=1 Date 5/24/2010 Company Name Jingle Punks Music Mailing Address 648 Broadway New York, NY 10012 Company Description The company provides online music publishing and technology services. Website http://www.jinglepunks.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds from the transaction will help fund new product development, strategic … Continue reading “Jingle Punks Music Garners New Funding Round”

Fluidinfo Receives $800,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a8295b4-b24a-4f32-b45e-ace6508189e7&Preview=1 Date 5/24/2010 Company Name Fluidinfo Mailing Address 416 W. 13th St. New York, NY 10014 Company Description FluidDB is a single web of things providing a no-questions-asked writable social object to represent each and every thing. Using a flexible underlying representation of information and a new model of control, it allows … Continue reading “Fluidinfo Receives $800,000 Series A Funding Round”

IBM Acquires Sterling Commerce for $1,400,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f0e505b-47d6-41a8-bc12-2e93faa1e568&Preview=1 Date 5/24/2010 Company Name Sterling Commerce Mailing Address 300 Crescent Ct Dallas, TX 75201 Company Description Sterling Multi-Enterprise Collaboration solutions can help you adapt quickly and cost-effectively. All of our solutions are based on our development and integration platform, the Multi-Enterprise Services Architecture. Website http://www.sterlingcommerce.com Transaction Type M&A Transaction Amount $1,400,000,000 … Continue reading “IBM Acquires Sterling Commerce for $1,400,000,000”

Emotional Design and Enhancing the Customer Experience

What is emotional design and why is it important? What is customer experience? The San Diego Software Industry Council has organized this session to help local companies develop emotionally effective product designs in a way that enhances customer experiences and still helps companies reach their market share and revenue goals. Registration begins at 5:30 p.m., … Continue reading “Emotional Design and Enhancing the Customer Experience”

Live Apple iPad App Development Coding Session

Watch Norman McEntire of Servin develop an iPad from scratch, using Xcode and Objective-C, as he demonstrates new software features that are only available on iPad. This session is intended for software managers, software project leaders, and software developers. This live coding session is the absolutely fastest path to learning about iPad features, including larger … Continue reading “Live Apple iPad App Development Coding Session”