Members from global healthcare providers, innovative medical technology companies, and global investment funds will present at this event put on by the Boston University School of Management’s Institute for Technology Entrepreneurship & Commercialization. Learn about the impact of new technologies in global settings, from speakers from MGH, BU’s tech transfer office, Diagnostics for All, and … Continue reading “World Health Medical Technology Conference”
Boston VC and Angel Conference
This event, put on by FundingPost, gives you insight on meeting, pitching to, and getting a check from early stage investors. A panel will discuss investing trends, which industries are catching investors’ attention, and how to best connect with them.
$2M for MaxVision
MaxVision Holdings, a Boston-based maker of rugged portable computer workstations and servers, has raised a $2 million round of equity-based funding, an SEC filing shows. The document lists partners from Boston’s Riverside Partners as directors of MaxVision, which raised $6.5 million in an equity offering in 2007.
Wiggio Wraps Up $2M
Wiggio, a Cambridge, MA-based maker of online groupware for college students, has raised $1.95 million in equity-based funding, according to an SEC filing. The company wasn’t available for comment at press time, but the filing lists Stephen Marcus and Thanasis Delistathis of New Atlantic Ventures as Wiggio directors. Wade profiled Wiggio in 2008, when he … Continue reading “Wiggio Wraps Up $2M”
MITEF Digital Media & Telecommunications SIG: Can M-Health Change the World?
Can mobile healthcare applications really have an impact on improving patient health and wellness? Members from companies throughout the industry will dish on how to navigate the wealth of technology, and the role it can have in lowering healthcare costs, at this MIT Enterprise Forum event. Register online.
Bio Architecture Lab Gets New CEO
Bio Architecture Lab, a spinoff from the University of Washington that’s developing biofuel from ocean seaweed, said today it has hired Daniel Trunfio to be its new CEO. Trunfio will replace CEO Nikesh Parekh, who will remain involved with the company in a new role to be determined, said spokesman John Williams. Trunfio spent 23 … Continue reading “Bio Architecture Lab Gets New CEO”
Bobber Interactive Looks to Make Financial Services More Social and “Gamified” for Teens
Video games have become so pervasive that I’m starting to hear entrepreneurs and investors talk about the “gamification” of websites and online services. This is a big emerging trend that’s all about making sites social, interactive, and goal-oriented. It’s being touted as a long-awaited way to make money from social networks. Now a small team … Continue reading “Bobber Interactive Looks to Make Financial Services More Social and “Gamified” for Teens”
InfoSpace Gets Into E-Commerce
Bellevue, WA-based InfoSpace, the online metasearch and discovery company, said today it has acquired the assets of Mercantila, an online retail and e-commerce company based in San Francisco, for $8 million in cash plus up to $5.9 million in “certain liabilities.” InfoSpace (NASDAQ GS: [[ticker:INSP]]) says acquiring Mercantila’s e-commerce software and 200-plus specialty stores on … Continue reading “InfoSpace Gets Into E-Commerce”
Maker Faire Detroit: From Motor City to Maker City
This event, brought to you by the staff of Make magazine, showcases work in science, arts, crafts, and engineering. And it’s hitting Detroit for the first time. Bring your families to the shindig this summer, or enter soon to be one of the exhibits there. They’re looking for entries in areas such as food, green … Continue reading “Maker Faire Detroit: From Motor City to Maker City”
Pub Night at Bellevue Grille—WBBA Event
The Washington Biotechnology & Biomedical Association is organizing a Pub Night networking event on June 3. For more information on how to register, click here.
Ultrasound: From Diagnosis to Therapy
The French American Chamber of Commerce, in partnership with the WBBA, is organizing an event on the latest trends in ultrasound as a diagnostic and therapeutic tool on June 22. The event will be moderated by University of Washington dean of engineering Matt O’Donnell. Speakers include Jens Quistgaard of Medicis, Larry Crum of UW, Terry … Continue reading “Ultrasound: From Diagnosis to Therapy”
Astute Medical Raises $26.5M
San Diego’s Astute Medical, a medical diagnostics startup that specializes in identifying acute conditions that require rapid diagnosis, says it has completed a $26.5 million series B round of venture funding co-led by Domain Associates and Delphi Ventures. The three-year-old company, which has raised total funding of more than $32.7 million, says its focus includes … Continue reading “Astute Medical Raises $26.5M”
Localytics Raises $700K
Cambridge, MA-based Localytics, whose software helps mobile software developers track usage of their iPhone, iPad, Android, and BlackBerry apps, has raised $700,000 in a first round of funding, according to a company announcement. Launchpad Ventures and New York Angels led the round. Localytics participated in the 2009 version of the TechStars Boston startup incubator program … Continue reading “Localytics Raises $700K”
Swipely Launches with $7.5M
Providence, RI-based Swipely, which aims to let consumers share information about purchases with people in their social networks, has launched an invitation-only beta version of its service and collected $7.5 million in Series A venture funding, the startup announced today. Index Ventures, Greylock Partners, First Round Capital, and a group of angel investors participated in … Continue reading “Swipely Launches with $7.5M”
$1.65M for Mintera
Mintera, an Acton, MA-based maker of advanced optical switches, has reeled in $1.65 million in equity and debt funding, according to an SEC filing. Terence Unter, the company’s CEO, was not immediately available for comment this morning. The company’s previous investors include Court Square Ventures, JDSU, Polaris Venture Partners, Portview Communications Partners, RRE Ventures, and … Continue reading “$1.65M for Mintera”
Tippr Expands to 10 Cities, Takes on Groupon in Social Buying Online
Tippr vs. Groupon. It sounds like a mismatch on paper. Groupon is the Chicago-based goliath of online “group buying” that seemingly came out of nowhere to raise $135 million last month at a company valuation north of $1 billion; at last count, it had some 270 employees. Tippr is the Seattle-based social discount voucher site … Continue reading “Tippr Expands to 10 Cities, Takes on Groupon in Social Buying Online”
Sotera Wireless Prepares to Take Pulse of Market for Vital-Signs Device
As representatives of the emerging mobile health industry convene for their annual summit today in La Jolla, it seemed both timely and appropriate to revisit San Diego-based Sotera Wireless. The company, which was founded six years ago as Triage Wireless, jumped onto our radar screen in April after the medical device company successfully raised nearly … Continue reading “Sotera Wireless Prepares to Take Pulse of Market for Vital-Signs Device”
Five Things Entrepreneurs and Innovators Can Do To Invigorate Michigan’s Economy
1. Focus on areas of competitive advantage such as Michigan’s global leadership in the automotive industry where innovation in transportation, energy, software and materials can take advantage of existing technologies, market know-how, industry talent and potential investment synergies. 2. Establish a local venture and/or angel fund community in Michigan to scout the local deal flow … Continue reading “Five Things Entrepreneurs and Innovators Can Do To Invigorate Michigan’s Economy”
Enterprise Mobile, with Microsoft’s Blessing, Moves Beyond Windows Phones
I’m going to start this article in a way that’s pretty unfair to Mort Rosenthal—the founding CEO of Enterprise Mobile in Watertown, MA—by referring to some things Rosenthal told me back in early 2008 about the leading smartphone platforms. At the time, Enterprise Mobile was just setting out on its mission to help big companies … Continue reading “Enterprise Mobile, with Microsoft’s Blessing, Moves Beyond Windows Phones”
Will People Bid Online for a Nose Job Just Like an Airline Ticket? PriceDoc Thinks So
If PriceDoc has its way, masses of people will go online to bid for routine medical and dental procedures a lot like airline tickets. Find a doc near your house. Agree on the price for a nose job. Pay the doc in cash. This is a simple idea with appeal to many doctors and patients, … Continue reading “Will People Bid Online for a Nose Job Just Like an Airline Ticket? PriceDoc Thinks So”
Pathway Genomics to Sell Over-the-Counter Genetic Test This Week
San Diego’s Pathway Genomics, which announced plans last July to offer consumers a personal genome test for $250, says it will begin selling its genetic test this week at about 80 percent of Walgreens stores nationwide, according to a front page story in today’s Washington Post. “We believe the market is ready for this,” Jim … Continue reading “Pathway Genomics to Sell Over-the-Counter Genetic Test This Week”
Clinical Data Seeks to Challenge Lilly, Pfizer in Antidepressant Market
Big competitors don’t scare Drew Fromkin. The CEO of Clinical Data says that the small Newton, MA-based drug developer (NASDAQ:[[ticker:CLDA]]) is willing to take on industry giants in the multibillion-dollar U.S. market for antidepressants. The company sent in its application for approval of its experimental antidepressant, vilazodone, to the FDA in late March. It’s too … Continue reading “Clinical Data Seeks to Challenge Lilly, Pfizer in Antidepressant Market”
Michigan Automotive Robotics Cluster Initiative Begins to Take Shape
The robotics industry in Southeast Michigan is attempting to turn the automotive slump into an opportunity to branch off into…well, automotive. But where once the automotive market for robotics meant industrial-strength assembly-line work, the opportunity lies now in robotic systems that can be embedded in military and civilian vehicles. Such a shift entails a change … Continue reading “Michigan Automotive Robotics Cluster Initiative Begins to Take Shape”
We Hope for Better Things in Detroit
When I was young and growing up in the Detroit area, the city was a hotbed of innovation and industry like nowhere else in the United States. The automobile industry was in full swing, and for decades it was the engine of growth for our nation. Although the city—and the companies that helped make it … Continue reading “We Hope for Better Things in Detroit”
Sorenson Targets Brightcove in Updated Release of Online Video Platform Technology
Sorenson Media CEO Peter Csathy tells me it was always part of the company’s plan to introduce its digital media technology in the enterprise market, where big media and Internet companies enable Internet users to watch streaming video and TV broadcasts. Today the company with offices in Salt Lake City, UT, and Carlsbad, CA, is … Continue reading “Sorenson Targets Brightcove in Updated Release of Online Video Platform Technology”
Swipely Garners $7,500,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=37195997-d267-476f-98c6-2bf0b7995c22&Preview=1 Date 5/11/2010 Company Name Swipely Mailing Address 150 Chestnut Street Providence, RI 02903 Company Description Swipely is a Tech & Digital Media Community. Website http://www.swipely.com Transaction Type Venture Equity Transaction Amount $7,500,000 Transaction Round Series A Proceeds Purposes Swipely also announced its social purchase-tracking service will launch in invitation-only beta this … Continue reading “Swipely Garners $7,500,000 Series A Funding”
Mintera Corporation Obtains $1,650,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=88280ceb-a8ac-42d2-b20a-3a130e59a223&Preview=1 Date 5/11/2010 Company Name Mintera Corporation Mailing Address 35 Nagog Park Acton, MA 01720 Company Description Mintera was founded in 2000 to be the technology leader enabling next generation 40 Gbps optical transport in metro-core, regional, long- haul and ultra long-haul optical networks. Website http://www.mintera.com Transaction Type Venture Equity Transaction Amount … Continue reading “Mintera Corporation Obtains $1,650,000 New Funding Round”
SocialVibe Receives $11,650,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dd5b6f97-3a30-493c-be14-03c38d9ff24f&Preview=1 Date 5/11/2010 Company Name SocialVibe Mailing Address 9000 Sunset Blvd West Hollywood, CA 90069 Company Description The company develops advertising solutions within social networks. Website http://www.socialvibe.com Transaction Type Venture Equity Transaction Amount $11,650,000 Transaction Round Series C Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed
Astute Medical Garners $26,500,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b7779b1-3e83-47e1-9db1-3fb7dd63cc81&Preview=1 Date 5/11/2010 Company Name Astute Medical Mailing Address 3550 General Atomics Court San Diego, CA 92121 Company Description Astute Medical’s mission is to identify and validate protein biomarkers of severe acute disease.Our focus is community and hospital acquired acute conditions that require rapid diagnosis and risk assessment. Our emphasis is on … Continue reading “Astute Medical Garners $26,500,000 Series B Financing”
Integrien Garners $8,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6524a82b-5695-46b2-a424-c2de4fed78be&Preview=1 Date 5/11/2010 Company Name Integrien Mailing Address 114 Pacifica Irvine, CA 92618 Company Description Integrien Corporation is the leading provider of integrity management solutions. Integrien’s products and services allow enterprise IT organizations to predict, prevent and heal problems in technology-based business systems. Website http://www.integrien.com Transaction Type Venture Equity Transaction Amount $8,000,000 … Continue reading “Integrien Garners $8,000,000 New Funding”
Adenyo Acquires MoVoxx for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e9dfc73a-3b1c-4e1c-befc-a4f3b5d344e0&Preview=1 Date 5/11/2010 Company Name MoVoxx Mailing Address 710 Wilshire Blvd. Santa Monica, CA 90401 Company Description MoVoxx enables interactive agencies and brands to reach massive mobile audiences – with focus on maximizing user interaction. Website http://www.movoxx.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of … Continue reading “Adenyo Acquires MoVoxx for Undisclosed Sum”
Wiggio Garners $1,950,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6085233b-bbaf-417d-88a7-5f8e939bbbfe&Preview=1 Date 5/11/2010 Company Name Wiggio Mailing Address Undisclosed Cambridge, MA 02140 Company Description On Wiggio, you can share and edit files, manage a group calendar, poll your group, post links, set up conference calls, chat online and send mass text, voice and email messages to your group members. Each group member … Continue reading “Wiggio Garners $1,950,000 New Round”
Ad.ly Secures $5,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fbab434e-00c8-45ae-bbb2-dfba7a472050&Preview=1 Date 5/11/2010 Company Name Ad.ly Mailing Address 2341 Weybridge Lane Los Angeles, CA 90077 Company Description Operates an in-stream advertising platform for Twitter. Website http://www.ad.ly Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes from the funding were not disclosed. M&A Terms Venture Investor GRP Partners … Continue reading “Ad.ly Secures $5,000,000 New Financing”
Solaria Lands $45,000,000 Series D Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=59f6bc33-8a9f-4b22-b6e8-5b4233b8ad04&Preview=1 Date 5/11/2010 Company Name Solaria Mailing Address 46420 Fremont Blvd Fremont, CA 94538 Company Description Solaria, based in Fremont, CA, has developed a breakthrough technology to deliver low-cost, high-efficiency solar PV solutions. Website http://www.solaria.com Transaction Type Venture Equity Transaction Amount $45,000,000 Transaction Round Series D Proceeds Purposes Solaria will use the … Continue reading “Solaria Lands $45,000,000 Series D Funding Round”
Doxo, Backed by Bezos and Mohr Davidow, Comes Out of Stealth, Wants to Help Businesses Go Paperless
Score another one for the “Qpass mafia.” A Seattle technology company called doxo, founded by former Qpass employees Steve Shivers, Roger Parks, and Mark Goris (see photo below), has emerged from stealth mode—sort of. The company has started talking publicly about its background and team, its basic idea, and its funding, but no specifics about … Continue reading “Doxo, Backed by Bezos and Mohr Davidow, Comes Out of Stealth, Wants to Help Businesses Go Paperless”
Former WTIA Head Ken Myer Joins UW Center for Commercialization
When we last caught up with Ken Myer, he was stepping down as president and chief executive of the Washington Technology Industry Association after three years on the job. Last week, I heard through the grapevine that Myer has joined the University of Washington in an advisory role, after assisting with the transition to WTIA’s … Continue reading “Former WTIA Head Ken Myer Joins UW Center for Commercialization”
Avalon Ventures Founder Says FarmVille Creator Zynga Could Be Best Bet in 27 Years
Last week, San Diego’s Avalon Ventures confirmed that it is setting out to raise its ninth venture fund, which is expected to close between $150 million and $200 million. That’s a modest fund by the billion-dollar standards of Sequoia Capital or New Enterprise Associates, but it’s a formula that has worked well in the 27 … Continue reading “Avalon Ventures Founder Says FarmVille Creator Zynga Could Be Best Bet in 27 Years”
Coronado Biosciences Nabs $7M
Coronado Biosciences, a Seattle-based developer of cancer drugs, has raised $7 million in equity and options, according to a filing with the Securities and Exchange Commission. The company lists RJ Tesi as its CEO, and Lindsay Rosenwald, the founder of Paramount Biosciences, as a member of its board.
New CEO for PTC
Parametric Technology (NASDAQ: [[ticker:PMTC]]), a Needham, MA-based maker of engineering and product development software that goes by PTC for short, announced that its president and chief operating officer James Heppelmann will replace C. Richard Harrison as CEO, effective October 1, 2010. Harrison will take on the role of executive chairman of PTC. Heppelmann joined the … Continue reading “New CEO for PTC”
Born in Silicon Valley, Founder Institute Expands to Boston
Attention first-time CEOs: the Founder Institute has found its way to Boston. The training and mentorship program for entrepreneurs, initially launched last year in Silicon Valley, is recruiting startup entrepreneurs for its first Boston session starting June 30, according to the program’s website. The four-month program aims to give beginner tech CEOs what they need … Continue reading “Born in Silicon Valley, Founder Institute Expands to Boston”
A Tolstoyvian Perspective on Revitalizing Michigan’s Economy—Or “It’s the Customer, Stupid”
To parody Tolstoy, all happy regional economies are alike; all unhappy regional economies are unhappy in their own way. Michigan has more reasons than most for authentic unhappiness. Even putting aside its uniquely dysfunctional politics, the state’s struggling entrepreneurial class and its bankrupted automobile industry have humbled—humiliated?—what was once a global economic powerhouse. Yes, the … Continue reading “A Tolstoyvian Perspective on Revitalizing Michigan’s Economy—Or “It’s the Customer, Stupid””
Tekmira Expands Bristol Deal
Tekmira Pharmaceuticals, the Vancouver, BC-based developer of technology to RNA interference drugs, said today it has signed a four-year collaboration with Bristol-Myers Squibb. Bristol will pay Tekmira $3 million upfront, while Tekmira will be asked to deliver a pre-determined number of batches of RNAi drug candidates in lipid nanoparticles. Tekmira has other collaborations with Pfizer, … Continue reading “Tekmira Expands Bristol Deal”
Redline Brings in $7.45M
Woburn, MA-based Redline Trading Solutions, a maker of software that delivers financial market data to trading applications at high speed, has raised a $7.45 million round of equity-based funding from five investors, according to an SEC filing. The document reveals that $730,249 of the round will go to repurchasing 55,280 shares of common stock held … Continue reading “Redline Brings in $7.45M”
Renaissance VC Invests in DFJ Mercury
Renaissance Venture Capital Fund, with offices in Ann Arbor, MI, and Detroit, has invested $3 million in Houston VC firm DFJ Mercury, which says it will actively seek opportunities in Michigan. Renaissance CEO Chris Rizik says DFJ Mercury is a good fit for Michigan because of its focus on advanced materials, bioscience, and information technology, … Continue reading “Renaissance VC Invests in DFJ Mercury”
Five Places Michigan Can Look To Spark Its Innovation Economy
Training: My sense is that Michigan probably has a high potential workforce, but needs to be retrained in new skills in growing markets—be it information technology, clean technology, biotechnology or something else. Academic Treasure Hunting: There is probably a wealth of opportunity at University of Michigan and Michigan State University in terms of unique intellectual … Continue reading “Five Places Michigan Can Look To Spark Its Innovation Economy”
How Emerald BioStructures Escaped deCode’s Bankruptcy With Help From Boston VCs
Lance Stewart woke up many times over the past two years, and asked himself, “How did I get here?” He had reason to be confused. Stewart had spent more than a decade building one of the world’s best structural biology research teams inside a light manufacturing facility on Bainbridge Island, WA. Revenues had climbed every … Continue reading “How Emerald BioStructures Escaped deCode’s Bankruptcy With Help From Boston VCs”
Avalon Ventures Goes for Ninth Fund, Mobile Health Industry Seeks Tipping Point, Google Ventures Steps Into Spotlight, & More San Diego BizTech News
New industries like cleantech and mobile health are changing the face of San Diego’s innovation scene. Better catch up on all that’s happening before you don’t recognize it anymore. —The wind power industry is now in the doldrums, after soaring last year to a record number of wind turbine installations. The industry’s boom and bust … Continue reading “Avalon Ventures Goes for Ninth Fund, Mobile Health Industry Seeks Tipping Point, Google Ventures Steps Into Spotlight, & More San Diego BizTech News”
Modumetal Inks Deal with Steel Producer SDI to Put Nanotech to Work in Bridges and Buildings
Seattle-based Modumetal is taking an important step forward today in its quest to reinvent the metals industry. The nanotech and advanced materials company is announcing a partnership with Steel Dynamics (SDI), based in Fort Wayne, IN, which will put its nanolaminated coating technology into industrial-scale steel applications. Financial terms of the partnership weren’t given. But … Continue reading “Modumetal Inks Deal with Steel Producer SDI to Put Nanotech to Work in Bridges and Buildings”
Sloan Returns To Michigan, Launches Aria Equities To Change Entrepreneurial Culture
Jeff Sloan knows why the Detroit area has a less-than-ideal atmosphere for venture capital. It’s just not ready for it. The culture needs to change, he says. And that’s why the longtime Michigander, gone for about five years, has recently returned to the state to launch the early-stage venture development firm Aria Equities. Aria partners … Continue reading “Sloan Returns To Michigan, Launches Aria Equities To Change Entrepreneurial Culture”
MIT’s $100K Business Plan Prize, $200K Energy Prize Up for Grabs on Wednesday; A Look at the Finalists
[Corrected, 1:40 p.m. May 10, 2010] For teams of student entrepreneurs in Boston, early May means one thing: the culmination of the year-long MIT $100K Entrepreneurship Competition, the country’s oldest and most prestigious business plan contest for young startups, and of its even more lucrative spinoff, the $200,000 MIT Clean Energy Prize. Last week, judges … Continue reading “MIT’s $100K Business Plan Prize, $200K Energy Prize Up for Grabs on Wednesday; A Look at the Finalists”