Coronado Biosciences Garners $7,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3707d848-edf4-4f33-9983-51f5b3b63c0c&Preview=1 Date 5/10/2010 Company Name Coronado Biosciences Mailing Address 1700 7th Ave. Seattle, WA 98101 Company Description Coronado Biosciences is a clinical stage biopharmaceutical company focused on making cancer care better. How do we define better? We hope to make cancer care safer and more easily tolerated with improved outcomes. Website http://www.CoronadoBioSciences.com … Continue reading “Coronado Biosciences Garners $7,000,000 New Funding”

Localytics Garners Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa26baff-9150-43e6-8799-aad0e02675e1&Preview=1 Date 5/10/2010 Company Name Localytics Mailing Address 222 3rd St. Cambridge, MA 02141 Company Description Top app publishers and brands use our powerful analytics to build more successful and profitable mobile applications. Website http://www.localytics.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series A Proceeds Purposes The company will use … Continue reading “Localytics Garners Series A Financing Round”

OzVision Global Receives $4,900,000 New Financing Round Teradata Acquires xkoto for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=93a775d9-e8c3-4e30-91dd-821f06a0ff82&Preview=1 http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9cd5376d-7c73-4f6b-b5c8-b289f8da1c6b&Preview=1 Date 5/26/2010 5/26/2010 Company Name OzVision Global xkoto Mailing Address 400 West Cummings Park Woburn, MA 01801 275 Wyman Street Waltham, MA 02451 Company Description Drawing on emerging ideas from utility, grid, and commodity computing, xkoto’s concept of database load balancing arose out of efforts to help customers manage their … Continue reading “OzVision Global Receives $4,900,000 New Financing Round Teradata Acquires xkoto for Undisclosed Sum”

Heroku Lands $10,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c40a5b94-50cb-4a0f-8f71-6de2af1af9f5&Preview=1 Date 5/10/2010 Company Name Heroku Mailing Address Undisclosed San Francisco, CA 94100 Company Description The company is developing software applications that enable faster development of Ruby on Rails applications in a cloud environment. Website http://www.heroku.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series B Proceeds Purposes The funding, led … Continue reading “Heroku Lands $10,000,000 Series B Financing”

Sifteo Garners $9,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c7d9bc60-cfc7-483f-9eaa-cd015470e0eb&Preview=1 Date 5/10/2010 Company Name Sifteo Mailing Address 2325 3rd Street San Francisco, CA 94107 Company Description Siftables are our first product: sets of cookie-sized computers with motion sensing, neighbor detection, graphical display, and wireless communication. Website http://www.sifteo.com Transaction Type Venture Equity Transaction Amount $9,000,000 Transaction Round Series A Proceeds Purposes Proceeds … Continue reading “Sifteo Garners $9,000,000 Series A Financing”

Aruba Networks Acquires Azalea Networks for $40,500,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6955540c-6bfa-4d04-ad8a-e2993f2c29d3&Preview=1 Date 5/10/2010 Company Name Azalea Networks Mailing Address 673 S. Milpitas Blvd Milpitas, CA 95035 Company Description Azalea Networks is the world’s leading company dedicated to wireless mesh R&D, equipment and wireless communication system software. Website http://www.azaleanet.com Transaction Type M&A Transaction Amount $40,500,000 Transaction Round Proceeds Purposes M&A Terms Under the … Continue reading “Aruba Networks Acquires Azalea Networks for $40,500,000”

Coronado Biosciences Garners $7,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3707d848-edf4-4f33-9983-51f5b3b63c0c&Preview=1 Date 5/10/2010 Company Name Coronado Biosciences Mailing Address 45 Rockefeller Plaza New York, NY 10111 Company Description Coronado Biosciences is a clinical stage biopharmaceutical company focused on making cancer care better. How do we define better? We hope to make cancer care safer and more easily tolerated with improved outcomes. Website … Continue reading “Coronado Biosciences Garners $7,000,000 New Round”

Demdex Garners $6,000,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=350f50b1-099a-43a9-a1f7-aa4ee0d31f05&Preview=1 Date 5/10/2010 Company Name Demdex Mailing Address 460 W. 34th St 14th Floor New York, NY 10001 Company Description The company operates an online demographic data exchange. Website http://www.demdex.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Series A Proceeds Purposes The new funding provides Demdex with the resources to … Continue reading “Demdex Garners $6,000,000 Series A Round”

Procurement Opportunities in Homeland Security/Defense

John Bedz, defense consultant at Automation Alley, and Dan Raubinger, program manager of TACOM’s Diminishing Manufacturing Sources and Material Shortages program, will be the featured speakers at the Michigan Homeland Security Consortium’s “Lunch and Learn” event. The topic is Procurement Opportunities in Homeland Security/Homeland Defense. The event will provide information to Michigan companies on opportunities … Continue reading “Procurement Opportunities in Homeland Security/Defense”

Relationship Building: The Power of Networking

Connect and PricewaterhouseCoopers have organized a two-hour interactive workshop with local life sciences leaders that offers insights and best practices about learning how to effectively build and maintain strong professional networks. More information and online registration is here.

The Military as an Overlooked Medical Device Sales Channel

Many companies overlook a viable, local sales channel while planning their commercialization strategies. Biocom has organized a panel that includes individuals responsible for evaluating medical devices, as well as a company that is successfully selling to the military. More information and online registration is here.

Rondaxe Drug Development Symposium

The San Diego Biotechnology Network is coordinating a symposium that highlights drug development outside the San Diego region. Rondaxe, Helsinn Advanced Synthesis, and TD2 are making presentations on clinical development, API manufacturing, and CMC services/consulting and clinical development. More information and online registration is available here.

Redline Trading Solutions Lands $7,450,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=903b63da-d681-4fc9-b165-c3e6b5bbbdbe&Preview=1 Date 5/9/2010 Company Name Redline Trading Solutions Mailing Address 444 Washington Street Woburn, MA 01801 Company Description For more than 20 years, the team at Redline Trading Solutions has successfully designed and deployed leading-edge accelerated computing solutions that leverage the latest technology to solve the most challenging latency and throughput problems. … Continue reading “Redline Trading Solutions Lands $7,450,000 New Funding”

Infineta Systems Garners $15,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ba32c3bd-7963-4442-ae12-73581060e2fa&Preview=1 Date 5/8/2010 Company Name Infineta Systems Mailing Address 2870 Zanker Road San Mateo, CA 95134 Company Description Storage replication, data backup/archiving, distributed computing, virtualization, cloud computing and storage __ these are some of the unstoppable forces that are reshaping the enterprise data center. Against this backdrop, Infineta is pioneering a new … Continue reading “Infineta Systems Garners $15,000,000 Series A Financing”

Microsoft VP Alex Gounares, Former Technology Assistant to Bill Gates, Leaving for AOL

One of Microsoft’s most respected executives announced today he is leaving the company. Alex Gounares, who was previously vice president of advertising research and development, has been hired as the chief technology officer of New York-based AOL and will be moving to the East Coast to take the job. The announcement was made internally at … Continue reading “Microsoft VP Alex Gounares, Former Technology Assistant to Bill Gates, Leaving for AOL”

Dassault Enters Electronic Medical Records Space

ENOVIA, the Lowell, MA-based brand of product lifecycle management software maker Dassault Systèmes, is entering the electronic medical records space. The company announced a partnership with app developer echoBase, who will combine Dassault’s ENOVIA online collaboration and data management software with echoBase’s Resonate iPhone application, to enable sharing patient data between doctors, pharmacies, hospitals, and … Continue reading “Dassault Enters Electronic Medical Records Space”

InstallFree Grabs $3M

Stamford, CT-based InstallFree, an application virtualization software company, has raised $3 million of a planned $3.76 million equity offering, according to an SEC filing. The filings lists Richard Fade of Ignition Partners, Peter van Oppen of Trilogy Partnership, and Microsoft veteran Yuval Neeman as InstallFree directors. In 2008, the company raised an $8.5 million Series … Continue reading “InstallFree Grabs $3M”

$500K Series A for DormNoise

DormNoise.com, a Cranston, RI-based maker of online interactive calendar systems for college students, announced that it has raised $500,000 in Series A funding. The financing, which was led by DN Ventures (an investing venture group formed by DormNoise director Alan Jacober) and online medical education and social networking company PRESENT e-Learning Systems, will go to … Continue reading “$500K Series A for DormNoise”

What We Learned in San Diego About Innovation: Five Lessons for Detroit

The defense and aerospace industries dominated San Diego’s economy for decades after World War II. General Dynamics was the region’s largest private employer, accounting for about 15 percent of the county’s workforce (with about 46,000 employees) in the early 1960s; its workers built commercial aircraft, Atlas rockets, and cruise missiles. When General Dynamics began pulling … Continue reading “What We Learned in San Diego About Innovation: Five Lessons for Detroit”

Automation Alley Funds Hybrid Power Trains, Religious Social Networking, and Clean Diesel

Automation Alley, a technology business association based in Troy, MI, has invested $300,000 in Southeast Michigan technology companies, the group announced Thursday. Automation Alley invests a maximum of $250,000 in seed money per company to help them accelerate the growth of their technology-based businesses. Companies receiving funds this time around are: Cargo Solutions Group: $250,000 … Continue reading “Automation Alley Funds Hybrid Power Trains, Religious Social Networking, and Clean Diesel”

Collaborate, Connect, and Celebrate

1. Collaborate across disciplines. 2. Support each other with contacts and initiatives. 3. Connect politically and to local businesses. 4. Recognize success and celebrate together. 5. Promote and engage in activities that benefit the greater good for the city, the nation and the world. [Editor’s note: To help launch Xconomy Detroit, we’ve queried our network … Continue reading “Collaborate, Connect, and Celebrate”

Cytori Heartened by Cell Therapy in Two Small Studies of Cardiac Patients

San Diego-based Cytori Therapeutics (NASDAQ: [[ticker:CYTX]]) is announcing encouraging results this morning from two small, placebo-controlled studies of its fat-derived regenerative cell therapy in cardiac patients. The double-blind studies, which were conducted in Europe, should pave the way for a larger test in heart attack patients, the company says. The first study involved 27 chronic … Continue reading “Cytori Heartened by Cell Therapy in Two Small Studies of Cardiac Patients”

Microsoft’s Kin Phones Resurrect the Lifelogging Debate

This week gadget reviewers got their first hands-on look at Microsoft’s much-discussed Kin One and Kin Two phones, which are designed from the ground up to support young hipsters’ social media and content sharing habits. So far, the pundits are raving about the phones’ novel operating system and the cloud-based “Studio” feature, a flashy private … Continue reading “Microsoft’s Kin Phones Resurrect the Lifelogging Debate”

Sparking a Global Health Movement for Young People: Kristen Eddings’s Vision (and a Party)

Young people get a bad rap in the media. They slack off, don’t vote, and have no money and no voice in society (except for a few outliers like Facebook’s Mark Zuckerberg). If they are being asked about business or some serious issue, many are afraid they’ll say something dumb on the record. Some actually … Continue reading “Sparking a Global Health Movement for Young People: Kristen Eddings’s Vision (and a Party)”

Dendritic Nanotechnologies Focuses Dendrimer Development On Industry Rather Than Pharma

Over the last decade, Mt. Pleasant, MI-based Dendritic Nanotechnologies (DNT) has helped make Michigan into a world center of research on the versatile, tendriled molecules known as dendrimers. But while the molecules have a range of important applications, from killing microbes to reducing the unwanted side effects of drugs and pesticides, the company has ceded … Continue reading “Dendritic Nanotechnologies Focuses Dendrimer Development On Industry Rather Than Pharma”

Icahn Blasts Genzyme Manufacturing, Glaxo Halts “Red Wine” Drug Trial, Ariad Gets $69M from Merck, & More Boston-Area Life Sciences News

News surrounding Genzyme’s ongoing battle with billionaire investor Carl Icahn cropped up this week, alongside headlines from other big biotechs and in-depth profiles on newer life sciences names in the New England area. —Luke caught up with the chief scientist and the co-founder of Cambridge, MA-based Proteostasis Therapeutics, which was built around research from the … Continue reading “Icahn Blasts Genzyme Manufacturing, Glaxo Halts “Red Wine” Drug Trial, Ariad Gets $69M from Merck, & More Boston-Area Life Sciences News”

InstallFree Secures $3,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4ac635ca-1670-4431-82d5-fae94f53163d&Preview=1 Date 5/7/2010 Company Name InstallFree Mailing Address 60 Long Ridge Road Stamford, CT 06902 Company Description Centrally distribute and manage clientless true virtual applications that work on locked-down computers with no limitations while maintaining complete intercommunication capabilities with virtual and non virtual resources. Website http://www.installfree.com Transaction Type Venture Equity Transaction Amount … Continue reading “InstallFree Secures $3,000,000 Series C Financing Round”

Polybiotics Receives $175,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=827f2dfa-5679-4796-a381-8c1920ed7768&Preview=1 Date 5/7/2010 Company Name Polybiotics Mailing Address 3040 Whitney Avenue Hamden, CT 06518 Company Description PolyBiotics has invented a device that deposits medicine into a periodontal pocket (space between the tooth and gum) using a twelve-shot multidose system, negating the need for dentists to change application tips, as is now done. … Continue reading “Polybiotics Receives $175,000 New Funding Round”

WordStream Inc. Lands $6,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=daa68b47-18c9-4c2c-9094-e0f7607eee4f&Preview=1 Date 5/7/2010 Company Name WordStream Inc. Mailing Address 133 Federal St 5th Floor Boston, MA 02110 Company Description The company is provider of search engine marketing and optimization solutions. Website http://www.netgraviton.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Series B Proceeds Purposes The company will use the funding for … Continue reading “WordStream Inc. Lands $6,000,000 Series B Funding Round”

Criteo Garners $7,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00351b8c-b75b-4790-8519-d5a8453822b6&Preview=1 Date 5/7/2010 Company Name Criteo Mailing Address 541-D Cowper Street Palo Alto, CA 94301 Company Description Criteo brings personalized retargeting to the ultimate level. Each ad banner contains product specific information generated automatically in real time for each individual user. This content is unique for each user based on his specific … Continue reading “Criteo Garners $7,000,000 Series C Financing Round”

Curexo Technology Obtains $13,200,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=36bc9aa5-fe52-44a8-9780-f4080ab3560c&Preview=1 Date 5/7/2010 Company Name Curexo Technology Mailing Address 47320 Mission Falls Court Fremont, CA 94539 Company Description ROBODOC’s patented robotic surgery system for total joint replacement brings you the precision, comfort and result you’ve been waiting for. With exclusive innovations like 3-D pre-surgical planning, active robotics and unparalleled accuracy,ROBODOC puts the … Continue reading “Curexo Technology Obtains $13,200,000 New Funding Round”

MightyMeeting Garners $300,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a5fcf634-45fe-443f-aa1d-5c89ea7ca560&Preview=1 Date 5/7/2010 Company Name MightyMeeting Mailing Address Undisclosed Setauket, NY 11733 Company Description MightyMeeting was founded in December of 2009 by Dmitri Tcherevik, an industry veteran who spends many of his waking hours doing demos and presentations. Analyst briefings, investor meetings, product pitches, customer presentations, webinars, conference talks, industry panels, … … Continue reading “MightyMeeting Garners $300,000 New Funding Round”

ImmunoGen Raises $67M in Stock Deal

Waltham, MA-based ImmunoGen (NASDAQ: [[ticker:IMGN]]) said today it has netted about $67.4 million through a stock offering. The company sold 9 million shares to investors at $8 apiece, for a gross of $72 million, then subtracted underwriting discounts and expenses. Underwriters of the deal have a 30-day option to buy another 1.35 million shares. JP … Continue reading “ImmunoGen Raises $67M in Stock Deal”

3 Michigan Growth Industries

Lawrence Tech in Southfield is hosting a panel presentation on the growth industries of renewable energy, biotech, and defense. “Leading Michigan into the 21st Century Economy” will feature representatives from TechTown, NextEnergy and the U.S. Army’s Intelligent Ground Systems giving presentations on new opportunities in their fields.

Sequenom Restarting Development of Diagnostic Test for Down Syndrome

San Diego’s Sequenom, which scrubbed the launch of its diagnostics test for Down syndrome back in April 2009 over “mishandled data,” says today it’s resuming development with a new testing schedule. Sequenom says it could launch a laboratory test “before the end of 2011” if everything goes as planned. In announcing its financial results for … Continue reading “Sequenom Restarting Development of Diagnostic Test for Down Syndrome”

Top 10 Takeaways From Seattle’s Engineering Summit: Electro-Active Wallpaper, Facebook Is Watching You, and Dendreon Detractors

Engineers are not salespeople. They are certainly not sound-bite machines either. If they were either of the above, there would have been a flurry of media stories coming out of Seattle this week centered around the National Academy of Engineering’s “grand challenges” summit held here on Sunday and Monday. Maybe that’s why it took me … Continue reading “Top 10 Takeaways From Seattle’s Engineering Summit: Electro-Active Wallpaper, Facebook Is Watching You, and Dendreon Detractors”

Founder Dating

Here’s an event for entrepreneurs who just haven’t found that special someone (a co-founder) yet. This MassChallenge-sponsored event attempts to match you with the right candidates, based on the information you provide. Register on this Eventbrite site.

2010: A Stem Cell Odyssey

Now that much of the political buzz surrounding stem cells has quieted, scientists are left to prove whether or not the technology is successful. At this event, speakers will explore recent advances in the field, intellectual property rights in regenerative medicine, getting the technology from research to market, and the stake big pharma companies have … Continue reading “2010: A Stem Cell Odyssey”

It Seems Everybody Has Advice For Michigan; What Do You Think?

At Xconomy, we queried our network of innovation leaders across the country for their list of the most important things that we here in Michigan can do to reinvigorate our economy, and we’ve been publishing the results in our “Xconomist Forum” section. Recently, somebody asked me whether I thought all this advice for Michigan from … Continue reading “It Seems Everybody Has Advice For Michigan; What Do You Think?”

Doug Fambrough Reduces Role at Oxford Bioscience Partners, Becomes CEO of Portfolio Company Dicerna Pharma

Oxford Bioscience Partners is losing one of its top general partners, Doug Fambrough, who has left his full-time role at the Boston venture firm to become CEO of Dicerna Pharmaceuticals. Oxford is not currently investing in new companies, Fambrough says, and he told his partners in recent weeks that he could better serve the firm … Continue reading “Doug Fambrough Reduces Role at Oxford Bioscience Partners, Becomes CEO of Portfolio Company Dicerna Pharma”

Camiant Acquired for $130 Million

Camiant, a Marlborough, MA-based developer of technology that manages applications on mobile and broadband networks, will be acquired by Morrisville, NC-based mobile data management company Tekelec for $130 million, the companies announced today. The deal with Camiant, whose website lists its investors as North Bridge Venture Partners, Matrix Partners, and Pilot House Ventures, is expected … Continue reading “Camiant Acquired for $130 Million”

Wind Energy, Battered by Boom and Bust Cycles, Back in Doldrums

[Corrected 5/6/10, 1:45 pm. See below.]When Jim McDermott, the managing partner at U.S. Renewables Group, came through San Diego a few months ago, he told a Cleantech San Diego audience the 2008 collapse in the capital markets had wiped out a third of the U.S. wind energy projects then under development. “For about six months, … Continue reading “Wind Energy, Battered by Boom and Bust Cycles, Back in Doldrums”

Novocell Renamed ViaCyte; Gets 3 Patents

San Diego-based Novocell, Inc., a preclinical stem cell engineering company focused on diabetes, has changed its name to ViaCyte, according to an announcement. In a separate statement, the company says it also recently obtained three additional U.S. patents. The new patents cover methods for increasing definitive endoderm production, methods of producing pancreatic hormones, and a … Continue reading “Novocell Renamed ViaCyte; Gets 3 Patents”

Athenahealth Paying Dearly to Take on Larger Rivals

Athenahealth is a high-flier in the Boston business community, led by the outspoken and forceful Jonathan Bush. Bush, however, openly admits that his Watertown, MA-based company (NASDAQ:[[ticker:ATHN]]) is relatively unknown outside of local business and technology circles—including among most U.S. physicians. Athena has been ramping up efforts to raise its profile among doctors, the target … Continue reading “Athenahealth Paying Dearly to Take on Larger Rivals”

Optimer Hires New CEO

San Diego-based Optimer Pharmaceuticals (NASDAQ: [[ticker:OPTR]]) has named Pedro Lichtinger as its new chief executive officer. Lichtinger will replace Michael Chang, who will continue at Optimer as chairman of the board and as a consultant, the company said in a statement. Lichtinger is a former executive from Pfizer, and was most recently the president of … Continue reading “Optimer Hires New CEO”