Lumigent Technologies Receives $3,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d67fc2f5-6563-4d1f-aa13-87392d11c3d7&Preview=1 Date 1/19/2010 Company Name Lumigent Technologies Mailing Address 289 Great Road Acton, MA 01720 Company Description Lumigent Technologies, Inc. provides software solutions to safeguard the integrity and availability of enterprise data. The company is privately held and is based in Acton, Massachusetts. Website http://www.lumigent.com Transaction Type Venture Equity Transaction Amount $3,000,000 … Continue reading “Lumigent Technologies Receives $3,000,000 New Funding Round”

Nexamp Obtains $6,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=182c6636-c656-4aeb-be94-990e73450bbe&Preview=1 Date 1/19/2010 Company Name Nexamp Mailing Address 21 High Street North Andover, MA 01845 Company Description Nexamp is a full service clean energy solutions company. Nexamp analyzes, designs, finances, builds and maintains clean energy projects that reduce energy costs and carbon emissions for businesses, governments, and homeowners. Our solutions include renewable … Continue reading “Nexamp Obtains $6,500,000 New Financing”

Ember Corporation Lands $5,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c722b3e-7c8a-421c-98c8-c87a9f84e0d7&Preview=1 Date 1/19/2010 Company Name Ember Corporation Mailing Address 47 Farnsworth Street Boston, MA 02210 Company Description Ember enables communication among embedded microcontrollers with standards-based wireless mesh networking semiconductors and software. Website http://www.ember.com Transaction Type Debt Transaction Amount $5,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds from the financing will provide the company … Continue reading “Ember Corporation Lands $5,000,000 New Round”

Thermo Fisher Scientific Acquires Ahura Scientific for $145,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00beeb1e-c32d-4332-bbe2-7b2773b4c689&Preview=1 Date 1/19/2010 Company Name Ahura Scientific Mailing Address 46 Jonspin Road Wilmington, MA 01887 Company Description Ahura Corp., a manufacturer of portable optical instrumentation and subsystems for homeland security and life science applications. Website http://www.ahuracorp.com Transaction Type M&A Transaction Amount $145,000,000 Transaction Round Proceeds Purposes M&A Terms The deal is valued … Continue reading “Thermo Fisher Scientific Acquires Ahura Scientific for $145,000,000”

Time Acquires StyleFeeder for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3c976d68-fbd7-49f0-9c39-fd8c635277eb&Preview=1 Date 1/19/2010 Company Name StyleFeeder Mailing Address 678 Massachusetts Avenue Cambridge, MA 02139 Company Description StyleFeeder combines the best of Web 2.0’s social and personalization aspects in the Web’s only intelligent personal shopping recommendation engine. By learning about each person’s unique sense of style, StyleFeeder helps shoppers discover new products they’ll … Continue reading “Time Acquires StyleFeeder for Undisclosed Sum”

Sway Secures $2,000,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=856fc234-369c-4b66-80a9-25ddc5fb1451&Preview=1 Date 1/19/2010 Company Name Sway Mailing Address 8313 Greenway Blvd Middleton, WI 53562 Company Description Sway, Inc. is a leading development company based in Middleton, Wisconsin, that licenses social media marketing tools. Founded in 2004, Sway executes highly-targeted on-line marketing campaigns using its proprietary Web 2.0 marketing platform, Shoutlet®. Sway’s marketing … Continue reading “Sway Secures $2,000,000 Series A Funding Round”

Orbis Education Garners $8,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e4d9283b-c876-499e-a337-347835660a77&Preview=1 Date 1/19/2010 Company Name Orbis Education Mailing Address 9002 Purdue Road Indianapolis, IN 46268 Company Description Orbis Education’s mission is to be an innovator in the emerging market of providing one-stop educational services to healthcare organizations looking to combat accelerating caregiver workforce shortages. We create, market, and manage collaborative nursing education … Continue reading “Orbis Education Garners $8,000,000 Series B Financing”

BOKU Secures $25,000,000 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2f01e99f-5560-41af-a6d6-3b1d725098f1&Preview=1 Date 1/19/2010 Company Name BOKU Mailing Address P O Box 190725 San Francisco, CA 94119 Company Description BOKU is creating the standard for online payments using your mobile phone, making it easy to pay for digital goods and social experiences across the web. With a strong focus on reliability and security, … Continue reading “BOKU Secures $25,000,000 Series C Funding Round”

Pulmonx Garners $11,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1810491c-2942-48c9-b00f-c73038c1abb1&Preview=1 Date 1/19/2010 Company Name Pulmonx Mailing Address 700 Chesapeake Drive Redwood City, CA 94063 Company Description Pulmonx is an innovative medical technology company engaged in the design, development and manufacture of therapeutic devices for the treatment of patients with severe emphysema. Website http://www.pulmonx.com Transaction Type Debt, Venture Equity Transaction Amount $11,500,000 … Continue reading “Pulmonx Garners $11,500,000 New Financing”

Image Space Media Lands $2,900,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cabc86ee-d85f-403e-bea8-bd7ee3647110&Preview=1 Date 1/19/2010 Company Name Image Space Media Mailing Address 740 Broadway New York, NY 10003 Company Description Image Space Media is the leading provider of in-image advertising for the Internet, reaching over 40 million unique users worldwide each month. Website http://www.imagespacemedia.com Transaction Type Venture Equity Transaction Amount $2,900,000 Transaction Round Undisclosed … Continue reading “Image Space Media Lands $2,900,000 New Funding Round”

StyleFeeder Acquired by Time Inc.

[Updated, see below] Time Inc., the New York-based magazine publishing giant, has acquired Cambridge, MA-based personalized shopping site StyleFeeder in a deal that closed on Friday. StyleFeeder founder and chief technology officer Phil Jacob, who I reached at his home this evening, confirmed the news, which was first publicly reported just before 8:00 p.m. Monday … Continue reading “StyleFeeder Acquired by Time Inc.”

Five Top Innovations to Look for in Search-Based Marketing in 2010

—Personalization based on predicted intent instead of past behavior (based on cookie). —More robust “universal search:” Better results for text and descriptive searches on videos, pictures, inside games, and applications. —GPS-based hyper-targeting of search results and advertising on smartphones. —Ubiquitous and non-text search: Search as an integrated activity rather than a separate activity into videos, … Continue reading “Five Top Innovations to Look for in Search-Based Marketing in 2010”

MLK Day

Posting will be light today as Xconomy’s offices are closed in observation of the Martin Luther King, Jr. Day of Service. For those of you looking for a way to pitch in in your own city or town, Serve.gov has a searchable database of volunteer opportunities. If you or your organization would like to aid … Continue reading “MLK Day”

T.A. McCann Talks New Partnership with IBM’s Lotus Notes, Gist Strategy for 2010

Seattle startup Gist announced today that its technology for connecting people’s e-mail inbox with the Web now works, in limited release, with Lotus Notes, IBM’s popular communication and collaboration software. Gist’s software will be made available to a select group of Lotus Notes customers in advance of a wider release still to come. It’s part … Continue reading “T.A. McCann Talks New Partnership with IBM’s Lotus Notes, Gist Strategy for 2010”

A123Systems Invests in Fisker, Virtify Finds $15M, ATG Acquires InstantService, & More Boston-Area Deals News

Dealmaking was steady across the tech and life sciences industries in New England this week. —Enterprise software firm Progress Software (NASDAQ: [[ticker:PRGS]]) of Bedford, MA, acquired Santa Clara, CA-based Savvion for $49 million, net of Savvion’s cash. —Cambridge, MA-based life sciences software firm Virtify raised $15 million in a Series A financing, according to a … Continue reading “A123Systems Invests in Fisker, Virtify Finds $15M, ATG Acquires InstantService, & More Boston-Area Deals News”

MediaTrust Acquires Kenzei for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=928c55a6-d6c1-4e6d-abb7-57ee331b63f5&Preview=1 Date 1/18/2010 Company Name Kenzei Mailing Address 795 Folsom St First Floor San Francisco, CA 94107 Company Description Kenzei is a performance marketing CRM platform and services business that enables advertisers & marketers to mail relevant, engaging email to their customers. Kenzei offers four email services that help companies monetize their … Continue reading “MediaTrust Acquires Kenzei for Undisclosed Sum”

E*Trade Acquires Cake Financial for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=303a2152-ef18-44db-ad3f-c60f98010e54&Preview=1 Date 1/18/2010 Company Name Cake Financial Mailing Address 500 Third Street San Francisco, CA 94107 Company Description Cake Financial is the next way to invest. It’s an investing website that gives you the kind of portfolio information your broker can’t or won’t. And it gives you new investment ideas based on … Continue reading “E*Trade Acquires Cake Financial for Undisclosed Sum”

Inside the Corner Office: An Intimate Conversation with Stan Lapidus

Calling all aspiring life sciences entrepreneurs. Get an inside perspective from someone who has started and taken public three healthcare companies. Stan Lapidus, founder of Cytyc, Exact Sciences, and Helicos Biosciences, will speak to attendees on start-to-finish topics such as validating technologies, obtaining funding at various stages, building a top management team, and exiting strategy. … Continue reading “Inside the Corner Office: An Intimate Conversation with Stan Lapidus”

Rob Glaser’s Real Legacy: A New Mass Medium, New Markets, and Constant Reinvention

The biggest news in a very busy week around the Seattle technology scene has been that Rob Glaser is out as chief executive of RealNetworks. Glaser stepped down on Wednesday after 16 years at the helm, but he remains chairman of the board and Real’s largest shareholder. Back in 1994, after leaving Microsoft, Glaser founded … Continue reading “Rob Glaser’s Real Legacy: A New Mass Medium, New Markets, and Constant Reinvention”

Providence Geek Dinner

Providence Geeks, a Rhode Island innovation group, is using this month’s Geek Dinner as a book launch party. Why? Because at May’s Geek Dinner, web and mobile app strategist Jonathan Stark met Providence Geeks co-founder Brian Jepson, who also happens to be a senior editor at O’Reilly Media, a publisher and source on innovation and technology … Continue reading “Providence Geek Dinner”

CIC to Double Its Space

[Updated and corrected, 1/20/10] The Cambridge Innovation Center (CIC), which provides office space and services to hundreds of technology startups at One Broadway in Cambridge, MA, has signed a 10-year lease with One Broadway’s owner, MIT, that will allow it to expand its footprint in the building from 86,000 square feet to 122,000 square feet, … Continue reading “CIC to Double Its Space”

TCN Roundtable: Negotiation & Valuation

When it comes to early stage company valuations, entrepreneurs and investors have trouble agreeing. In this once-a-year roundtable sponsored by The Capital Network, entrepreneurs, venture capitalists, angel funders and industry experts will come together to discuss ways the different parties can reach common ground on this subject. Guests will participate in a case study to … Continue reading “TCN Roundtable: Negotiation & Valuation”

Emerging Marketing Strategies for the New Consumer

There’s a “new consumer” out there and it’s called the college student. At this event sponsored by GoingClear and Off Campus Media, marketing professionals will profile this type of customer and how to use social media, SEO and mobile strategies to reach him or her. Registration and ticket information is here.

MIT Enterprise Forum of Cambridge Start-up Clinic

This event showcases how technology has gone “personal,” featuring companies that have incorporated the social aspect into medicine and publishing. One guest from AuthorsGlobe will explain how the site connects authors, professional organizations and audiences with virtual webcasting, social networking, and e-commerce tools. Another featured company is iSpecimen, which is building a biobank for speedier … Continue reading “MIT Enterprise Forum of Cambridge Start-up Clinic”

Member Roundtable: A Local Hospital’s New IT Initiatives and Challenges in 2010

And the healthcare discussion continues. Luckily, in a slightly less partisan and perhaps more constructive manner. Dr. George Brenckle, CIO of UMass Memorial Health Care, will discuss the hospital’s forays into IT and potential challenges to look out for in the coming year. UMass Memorial Health Care started revamping its information technology systems in 2008 … Continue reading “Member Roundtable: A Local Hospital’s New IT Initiatives and Challenges in 2010”

FitnessKeeper Announcement Gives New Meaning to “Scalable”

I caught up the other day with Jason Jacobs, the hyperkinetic founder and CEO of Boston-based FitnessKeeper, which is best known for its RunKeeper GPS fitness-tracking app for the Apple iPhone. That’s no mean feat, as Jacobs is one of those guys who walks the talk—he’s training to run in the Boston Marathon for the … Continue reading “FitnessKeeper Announcement Gives New Meaning to “Scalable””

AboutUs Buys Jyte, Works with JanRain

Portland, OR-based AboutUs announced this week it has acquired Jyte.com, a social website where people can make claims, vet ideas, and comment on others’. Financial terms were not given. Jyte uses RPX, the flagship technology of Portland startup JanRain that lets people use a single portable identity and login across different websites. AboutUs, which is … Continue reading “AboutUs Buys Jyte, Works with JanRain”

Rue La La Closure Promotes Haiti Relief

Invitation-only discount clothing site Rue La La, a part of Boston-based Retail Convergence Incorporated (RCI), has closed its online boutiques until Saturday morning and is asking shoppers to donate instead to relief efforts in Haiti following the devastating earthquake there. At the Rue La La website, a statement from Rue La La CEO Ben Fischman … Continue reading “Rue La La Closure Promotes Haiti Relief”

Is Histogen Hair to Stay? Amid Patent Lawsuit That Is Mane Event, CEO Updates Plans to Advance its Hair Regrowth Treatment

San Diego-based Histogen became something of a high-wire act on the local biotech scene last year after a cross-town rival filed a patent infringement lawsuit against the startup—upending Histogen’s plans to develop a variety of regenerative medical treatments. The patent suit, which was filed a year ago by Carlsbad, CA-based SkinMedica, hit just as Histogen … Continue reading “Is Histogen Hair to Stay? Amid Patent Lawsuit That Is Mane Event, CEO Updates Plans to Advance its Hair Regrowth Treatment”

Arch, Polaris Spring deCode from Chap. 11

Venture Wire reports today that a Delaware bankruptcy court has approved the sale of Iceland-based genomics firm deCode Genetics to Arch Venture Partners and Polaris Venture Partners, both of which are previous investors in the company. Waltham, MA-based Polaris and ARCH, which has operations in Boston and Seattle, are paying $14 million for the deCode … Continue reading “Arch, Polaris Spring deCode from Chap. 11”

Sequenom Settles Shareholder Lawsuit for $14M, Plus Stock

Sequenom (NASDAQ: [[ticker:SQNM]]) has reached a legal settlement in a class action suit filed by a group of  shareholders. The San Diego-based company said today that it has agreed to pay shareholders $14 million from its insurance proceeds, and issue them new shares worth a 9.95 percent stake in the company. The settlement still needs … Continue reading “Sequenom Settles Shareholder Lawsuit for $14M, Plus Stock”

The Value of Bumping Into People in the Hall: A Lesson from the JP Morgan Healthcare Conference

Twitter and Facebook have taken social networking to a higher level on the web, but I just got a reminder about the power of actually meeting people in person. I’m talking about the kind of interactions that happen when attending a jam-packed professional conference and bumping into a lot of smart people with similar interests. … Continue reading “The Value of Bumping Into People in the Hall: A Lesson from the JP Morgan Healthcare Conference”

Entrepreneurship May Work Like A Clock, But It Still Needs Winding: Exploring the Kauffman Study on New Firm Formation

Like others in the tech-journalism business, we here at Xconomy tend to pore over the latest statistics about the entrepreneurial economy pretty obsessively: how much money venture firms are raising and investing from quarter to quarter; how much they dole out to each new startup in their portfolios; how much these portfolio companies eventually return … Continue reading “Entrepreneurship May Work Like A Clock, But It Still Needs Winding: Exploring the Kauffman Study on New Firm Formation”

Bonding with BIND Biosciences’s New CEO Scott Minick

[Clarified and Corrected—7:30 AM, 01/15/10] Scott Minick made his official debut as CEO of BIND Biosciences Monday at the JP Morgan Healthcare Conference in San Francisco, which makes for one of the most frenetic weeks of the year for biotech chiefs. The Cambridge, MA-based startup also made some news this week with the announcement of … Continue reading “Bonding with BIND Biosciences’s New CEO Scott Minick”

Can Molecular Medicine Survive Its Teenage Years, and Reach its Potential This Decade?

As the 21st century approaches its teenage years, so too does molecular medicine. Discovery of the structure of DNA more than 50 years ago launched the field of molecular biology. During the last decade, we have seen the first translation of some fundamental discoveries in this field into medical tools. Clearly, however, we are early … Continue reading “Can Molecular Medicine Survive Its Teenage Years, and Reach its Potential This Decade?”

Venture Investors Spread Holiday Cheer to Mass. Startups in December: Companies Wrap Up $224 Million in Funding

Santa was good to the Massachusetts high-tech economy in December. Very good. Roughly $224 million poured into the state’s startups in 36 equity deals, representing 20 percent more money and more than 50 percent more deals than Bay State startup companies saw in November. And November venture funding-22 deals worth $186 million-was nothing to scoff … Continue reading “Venture Investors Spread Holiday Cheer to Mass. Startups in December: Companies Wrap Up $224 Million in Funding”

Dealer.com Secures $5,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=557c1e81-f925-4ba1-869d-ee75c52b8cfc&Preview=1 Date 1/15/2010 Company Name Dealer.com Mailing Address 1 Howard St Burlington, VT 05401 Company Description Dealer.com is the global leader in online marketing solutions for the automotive industry, providing award winning e-marketing solutions to auto dealers, OEM’s and media companies. More dealerships use the Dealer.com platform than any other platform in … Continue reading “Dealer.com Secures $5,000,000 New Financing Round”

Fisker Automotive Secures $115,300,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6296c88-b247-41b0-b0c9-c093314bcc53&Preview=1 Date 1/15/2010 Company Name Fisker Automotive Mailing Address 19 Corporate Park Irvine, CA 92606 Company Description The concept was created between two independent companies who clearly wanted to make a difference in not only the automotive industry, but to the environment as well. Fisker Coachbuild, LLC and Quantum Technologies announced this … Continue reading “Fisker Automotive Secures $115,300,000 New Funding Round”

Vaxart Secures $3,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ae567b4-ff4e-49f7-9437-b496f8c31672&Preview=1 Date 1/15/2010 Company Name Vaxart Mailing Address 600 Townsend St San Francisco, CA 94103 Company Description The combination of adenovirus vector, adjuvant and oral administration will unlock the potential of vector-based vaccination, with applications in Avian Influenza response, biodefense vaccines, and second-generation versions of existing vaccines. The company is currently testing … Continue reading “Vaxart Secures $3,500,000 New Financing”

Kapow Technologies Obtains $1,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f8e9374f-9281-413f-8449-e6fdd616b296&Preview=1 Date 1/15/2010 Company Name Kapow Technologies Mailing Address 260 Sheridan Ave Palo Alto, CA 94306 Company Description Kapow Technologies is the leading provider of Web Integration solutions. Kapow markets RoboSuite, an integration platform that enables fast and powerful integration of web-based content and applications into portals, content management systems and knowledge … Continue reading “Kapow Technologies Obtains $1,500,000 New Funding”

New Machine From San Diego’s Illumina Intensifies Race for Faster, Cheaper Genome Decoder

The cost of sequencing a person’s genome continues to fall. Illumina this week introduced a machine that can sequence an individual’s genome for under $10,000. That is one percent of the $1 million it cost to decode a human genome three years ago. The announcement pushes San Diego-based Illumina to the forefront in an intense … Continue reading “New Machine From San Diego’s Illumina Intensifies Race for Faster, Cheaper Genome Decoder”

Google in China: Ex-Microsoft VP Kai-Fu Lee’s Past Report Might Point to What Went Wrong

In the fascinating maelstrom that is Google in China, one thing is clear: this affects all of us. It’s not about whether Google’s decision to draw a line in the sand is based on ideals versus profits. It’s not about whether the Chinese government will open up its Internet policies and play ball with the … Continue reading “Google in China: Ex-Microsoft VP Kai-Fu Lee’s Past Report Might Point to What Went Wrong”

Gryphon Networks Adds $7 Million

Gryphon Networks, a Norwood, MA, telecommunications and marketing services company, raised $7 million in a Series C venture funding round, according to an SEC filing. The funds come from Waltham, MA-based Symmetric Capital and include a combination of cash and stock from Gryphon’s Series A and Series B rounds, says Gryphon CFO Eric Bornhofft. The … Continue reading “Gryphon Networks Adds $7 Million”

Crinetics Enters Collaboration Agreement With Ferring Research Institute

Crinetics Pharmaceuticals, an early stage San Diego biotech developing specialized biosensors for drug discovery applications, says it has signed a collaboration agreement with the Ferring Research Institute, the peptide research center established in San Diego by Ferring Pharmaceuticals. Last month, when Crinetics got a small business research grant of nearly $238,000, the startup said its … Continue reading “Crinetics Enters Collaboration Agreement With Ferring Research Institute”

A123 to Invest $23M in Fisker and Supply Batteries for Company’s Hybrid Car

A123Systems, a Watertown, MA-based battery maker, announced today it will invest up to $23 million in Irvine, CA startup Fisker Automotive, in addition to supplying the batteries for the company’s luxury hybrid car, due to launch in late 2010. Fisker’s Karma Plug-in Hybrid Electric Vehicle (PHEV) has a range of 50 full-electric miles on a single … Continue reading “A123 to Invest $23M in Fisker and Supply Batteries for Company’s Hybrid Car”

Intellectual Ventures Hires New President

Bellevue, WA-based Intellectual Ventures announced this week it has hired Adriane M. Brown as president and chief operating officer, responsible for day-to-day operations. She succeeds Edward Jung, the Intellectual Ventures co-founder, who is returning to his role as chief technology officer. Brown was most recently senior vice president of energy strategy at Honeywell International, and … Continue reading “Intellectual Ventures Hires New President”

Segway Business Shifting Gears with Ownership and Management Changes

Segway, the maker of two-wheeled transporters of the same name, has been sold through a merger with a UK holding company for an undisclosed sum, and the firm’s CEO, Jim Norrod, has stepped down from his post after nearly five years in that role, a company spokesman confirmed today. Reports about the action at Segway … Continue reading “Segway Business Shifting Gears with Ownership and Management Changes”