Coupa Software Receives $7,500,000 Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3e845fad-bf1e-4269-a73a-f514e456f8f0&Preview=1 Date 9/1/2009 Company Name Coupa Software Mailing Address Two West 5th Avenue San Mateo, CA 94402 Company Description Coupa was founded in 2006 to fulfill the promise of effective procurement for companies of all sizes. Coupa simplifies purchasing for employees while providing much-needed control for the purchasing department. Website http://www.coupa.com Transaction … Continue reading “Coupa Software Receives $7,500,000 Series C Funding”

eIQ Energy Receives $10,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4402c048-2a0d-4288-88fb-faaa2967867d&Preview=1 Date 9/1/2009 Company Name eIQ Energy Mailing Address 525 Race Street San Jose, CA 95126 Company Description Clean power generation should be straightforward – erect solar panels in a sunny location, or turbines in a windy spot, and produce electricity. But realizing the full potential of these endeavors can be a … Continue reading “eIQ Energy Receives $10,000,000 New Funding”

EMC Corporation Acquires Kazeon Systems for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d807062e-34ef-4e17-80fe-96a6df7d9063&Preview=1 Date 9/1/2009 Company Name Kazeon Systems Mailing Address 1161 San Antonio Road Mountain View, CA 94043 Company Description Kazeon simplifies the management of unstructured information stored across enterprise networks. Website http://www.kazeon.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.

Cray Acquires SiCortex Assets

Seattle-based Cray (NASDAQ: [[ticker:CRAY]]), the supercomputing company, announced late last week it has acquired the PathScale Compiler Suite assets from Maynard, MA-based SiCortex. Financial details were not released. SiCortex shut down in May. The purchase could help Cray improve its own compiler technology, as well as give PathScale customers a way to move forward on … Continue reading “Cray Acquires SiCortex Assets”

Report: Oxford Bioscience Partner Leaves After Securities Trading Breach

[Updated 8/31/09 6:10 p.m., see below] Jeffrey Barnes, a former general partner with Boston-based Oxford Bioscience Partners, has resigned from the firm, PE Hub‘s Dan Primack first reported today. According to the report, Barnes was asked to leave after the firm discovered that he had engaged in personal trading of securities in Oxford Bioscience portfolio … Continue reading “Report: Oxford Bioscience Partner Leaves After Securities Trading Breach”

EMC Seeds Its Cloud Offerings, Acquires FastScale Technology

Hopkington, MA-based information storage and management company EMC announced today that it has acquired FastScale Technology, a Santa Clara, CA, provider of software platforms and applications for enterprises. EMC said in a statement that the acquisition will strengthen its cloud computing capabilities by dramatically increasing “the performance and scalability of private cloud infrastructures.” Terms of … Continue reading “EMC Seeds Its Cloud Offerings, Acquires FastScale Technology”

Startup Weekend’s Award Winners: Search Kick and Learn That Name

[Updated 8/31/09 11:15 am. See below.] Startup Weekend brought together about 180 people from 15 teams to compete for 54 hours at Microsoft’s Redmond campus, and in the end, two official winners emerged last night. A mobile software application called Learn That Name, for the iPhone and Palm Pre, won the audience favorite vote, while … Continue reading “Startup Weekend’s Award Winners: Search Kick and Learn That Name”

San Diego’s Medical Technology Startups Get Reborn in CareFusion Spinoff

San Diego has long been known as an incubator for new technology companies. But as the hometown for established Fortune 500 companies, San Diego is barely on the map. You can count San Diego’s Fortune 500 companies on three fingers: Qualcomm (at No. 244), Sempra Energy (No. 252), and SAIC (No. 266). This is because … Continue reading “San Diego’s Medical Technology Startups Get Reborn in CareFusion Spinoff”

The Greater Boston Mobile Cluster Quiz: Answers and A Bit of Commentary

Maybe it was the new mobile friendly version of Xconomy (at m.xconomy.com) that we launched a few weeks ago. Or maybe it was just the fact that I’ve been on the road a lot lately. But in any case, last Thursday I had mobile on my mind and so rummaged around data from Mobile Monday … Continue reading “The Greater Boston Mobile Cluster Quiz: Answers and A Bit of Commentary”

Microsoft’s Summer of Love: A Roundup of the Company’s Hottest Deals and Other News

It’s been quite a summer here in Seattle, with record droughts and a heat wave that left us all panting in line for an iced coffee. But despite a cool economic climate, Microsoft managed to stay as hot as the temperature outside its Redmond, WA, headquarters, with a series of big deals and other announcements … Continue reading “Microsoft’s Summer of Love: A Roundup of the Company’s Hottest Deals and Other News”

How Much Wood Would WoodPellets.com Sell If It Had $11M in New Venture Funding?

There are a couple centuries of progress separating wood-burning stove technology from MIT-bred logistics software. But the two are more closely related than you might think. In Goffstown, NH, a startup that just raised millions of dollars from two Boston-area venture firms is using the latest in supply chain management technology to build a national … Continue reading “How Much Wood Would WoodPellets.com Sell If It Had $11M in New Venture Funding?”

IDRI Licenses Vaccine Microneedles

The Seattle-based Infectious Disease Research Institute, a nonprofit global health research center, said today it has agreed to license technology from Israel-based NanoPass to use very short “microneedles” that cause less pain than traditional needles. The technology is supposed to stimulate the dense network of immune system cells just under the surface of the skin, … Continue reading “IDRI Licenses Vaccine Microneedles”

Semiconductor Startups Get Squeezed, TheFunded Founder Institute Expanding Worldwide, Algae-Based Biofuels Startups Multiply, & More San Diego BizTech News

At a time when semiconductor startups seem to be an endangered species, San Diego’s cleantech sector continues to show unusually strong growth. Get the lowdown on that and more. —The shutdown of San Diego’s Sequoia Communications is a sign of broader problems that are making it harder to build new fabless semiconductor design companies, according … Continue reading “Semiconductor Startups Get Squeezed, TheFunded Founder Institute Expanding Worldwide, Algae-Based Biofuels Startups Multiply, & More San Diego BizTech News”

Will Solar Ever Live Up to the Hype? Paul Allen, Vinod Khosla Bet On Infinia’s Sun Engines

The early afternoon sun was bearing down on us, and it was about 100 degrees Fahrenheit the other day when J.D. Sitton walked behind his office, squinted, and pointed to the future of his company. Sitton, the CEO of Kennewick, WA-based Infinia, showed me a device resembling a satellite dish that has attracted some deep-pocketed … Continue reading “Will Solar Ever Live Up to the Hype? Paul Allen, Vinod Khosla Bet On Infinia’s Sun Engines”

Fallbrook Aims to Mow Down Market With Hydro-Gear Licensing Deal

San Diego’s Fallbrook Technologies says it has struck a deal for what is literally a “greenfield” application of its NuVinci continuously variable transmission. The venture-backed company, which has been steadily expanding the market for its transmission technology, has signed a licensing agreement with Hydro-Gear of Sullivan, IL, a leading maker of drive systems for lawnmowers … Continue reading “Fallbrook Aims to Mow Down Market With Hydro-Gear Licensing Deal”

How to Build a Billion-Dollar Company (And Keep An Academic Day Job), According to David Walt

Anyone compiling a list of the most successful life sciences entrepreneurs of the past decade would have to consider a soft-spoken academic named David Walt. He’s the chemistry professor at Medford, MA-based Tufts University who co-founded Illumina in 1998. San Diego-based Illumina (NASDAQ: [[ticker:ILMN]]) found its niche in the past decade by boosting the efficiency … Continue reading “How to Build a Billion-Dollar Company (And Keep An Academic Day Job), According to David Walt”

How “Place” Matters in Innovation

There has been a lively debate following Scott Kirsner’s Innovation Economy blog “Why Waltham Doesn’t Matter.” One of the threads is whether it matters if entrepreneurs and VCs are physically concentrated close to each other. It should not matter where a VC’s offices are located. Good VCs and entrepreneurs will find each other. Andrew Perlman, … Continue reading “How “Place” Matters in Innovation”

WoodPellets.com Receives $11,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dfe8f41c-f5e2-485e-a34b-dc99806f0458&Preview=1 Date 8/31/2009 Company Name WoodPellets.com Mailing Address 84 Daniel Plummer Road Goffstown, NH 03045 Company Description Distributor and online retailer of wood pellets and biomass fuels for residential heating. Website http://www.woodpellets.com Transaction Type Venture Equity Transaction Amount $11,000,000 Transaction Round Series B Proceeds Purposes WoodPellets.com will use the capital to continue … Continue reading “WoodPellets.com Receives $11,000,000 Series B Financing Round”

Medsphere Systems Corporation Secures $12,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=96250d33-bb03-47f5-abbd-f64894a38d01&Preview=1 Date 8/31/2009 Company Name Medsphere Systems Corporation Mailing Address 1917 Palomar Oaks Way Carlsbad, CA 92008 Company Description Medsphere Systems Corporation is the leading provider of OpenVista, a fully integrated Electronic Health Record (EHR). Website http://www.medsphere.com. Transaction Type Venture Equity Transaction Amount $12,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “Medsphere Systems Corporation Secures $12,000,000 New Round”

Cray Acquires SiCortex for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=39bd9e0a-4dd5-4b50-af76-d11250242615&Preview=1 Date 8/31/2009 Company Name SiCortex Mailing Address Three Clock Tower Place Maynard, MA 01754 Company Description SiCortex is a new computer company based in the Boston area, with a mission to design, build, and market next generation Linux clusters for demanding technical applications. Website http://www.sicortex.com Transaction Type M&A Transaction Amount Undisclosed … Continue reading “Cray Acquires SiCortex for Undisclosed Sum”

Queplix Corp. Receives $1,500,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e39d5ffd-9b0b-4190-ac99-9df3f9084a92&Preview=1 Date 8/31/2009 Company Name Queplix Corp. Mailing Address 292 Gibraltar Sunnyvale, CA 94089 Company Description Queplix Corp. was founded in 2004 to address enterprise application challenges. The company grew organically through 2009, when it closed an investment with Javelin Venture Partners to expand operations. Queplix solutions have been deployed by many … Continue reading “Queplix Corp. Receives $1,500,000 Series A Financing Round”

Calix Networks Obtains $100,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1494f030-1d35-4d2f-b76e-a8a225e50177&Preview=1 Date 8/31/2009 Company Name Calix Networks Mailing Address 1035 N. McDowell Blvd. Petaluma, CA 94954 Company Description Several hundred service providers operating tens of millions of access lines depend on Calix (NYSE: CALX)to power their access networks. Industry-leading solutions deployable throughout the access network enabling a rich set of information, communication, … Continue reading “Calix Networks Obtains $100,000,000 New Funding Round”

Biocom Roundtable with State Sen. Denise Ducheny

Biocom, the non-profit trade association for San Diego’s life sciences industry, has organized a legislative roundtable discussion with State Sen. Denise Ducheny, whose 40th District includes Imperial County, and portions of San Diego and Riverside Counties. Sen. Ducheny chairs the Senate Budget and Fiscal Review Committee, the Joint Legislative Budget Committee, the Select Committees on … Continue reading “Biocom Roundtable with State Sen. Denise Ducheny”

Calling All Angels

Angel investments are becoming an increasingly important component of the startup capital structure. The San Diego chapter of the Tech Coast Angels has organized an information session for individuals making or considering investments in technology startups. San Diego TCA President Mike Elconin, Vice President Steve Flaim, and board member Jack Florio will discuss what it … Continue reading “Calling All Angels”

Restructuring for Success

Many companies that have survived the downturn are laden with debt, leaving them at a competitive disadvantage and less able to compete as the economy turns around. This presentation by Mintz Levin partner Jeff Davis and associate Joseph Dunn addresses strategies for restructuring debt to improve your company’s balance sheet and cash flow. Networking and … Continue reading “Restructuring for Success”

Whose Intellectual Property Is This Anyway?

Many companies, even those that are considered savvy about protecting their technology, have hidden ownership problems that cloud their valuable intellectual property rights. Finding and addressing these problems is not difficult, but such issues can be devastating if they go undiscovered. Connect has organized this event with the help of lawyers from the San Diego … Continue reading “Whose Intellectual Property Is This Anyway?”

The Future of Internet TV, Hosted by DivX CEO Kevin Hell

Join DivX CEO Kevin Hell on a journey of discovery as he explores how television’s role as a multimedia access platform will grow with Internet connections that link to online content. As Internet-connected high definition TVs and consumer electronics go mainstream, new opportunities will emerge. Networking and online registration begin at 7:30 a.m., or you … Continue reading “The Future of Internet TV, Hosted by DivX CEO Kevin Hell”

Growth by Acquisition for Even Small Software Companies

Beyond organic growth, growth by acquistion can be a viable strategy for even very small software companies. The San Diego Software Industry Council has organized this event for “C” level executives. A panel discussion with Luminex Software founding CEO Art Tolsma and Red Door Interactive co-founder Reid Carr is intended to cover real-world strategies and … Continue reading “Growth by Acquisition for Even Small Software Companies”

The 2009 3G CDMA Americas Regional Conference

The wireless industry conference will provide a venue for sharing the current progress and success of CDMA2000 EV-DO Rev. A, and for exploring future opportunities with mobile broadband and broadcast solutions, including CDMA2000 network interoperability with LTE and Mobile WiMAX. Online information and registration is here.

A Conference on “Everywhere Healthcare” Within the CTIA Conference

A conference sponsored by San Diego’s Wireless-Life Sciences Alliance and others has been organized within the CTIA mobile business conference on wireless IT and entertainment. Sessions include a panel discussion on best practices, understanding the wireless health regulatory framework, health records on the mobile phone, and enabling mobile health-based interoperability. The event is open to … Continue reading “A Conference on “Everywhere Healthcare” Within the CTIA Conference”

Demysifying the Cloud

Separate myth from reality, and learn what the opportunities and challenges are for doing business in the cloud. Gain an overview of the multi-vendor, multi-product cloudscape combined with real-world examples and insights from John Igoe of Dell, Peter Coffee of Salesforce.com, Ned Curic of Microsoft and Alyssa Henry of Amazon.com. Networking and registration begin at … Continue reading “Demysifying the Cloud”

Richard Egan, EMC Co-founder, Dies at 73

[Updated, August 29, 1:40 pm—see below] Xconomy is saddened to note that Richard Egan, the “E” in EMC, has passed away. The co-founder, with Roger Marino, of the Hopkinton, MA-based data storage and information management giant, Egan was diagnosed with advanced lung cancer in May. He died at his Boston home yesterday, according to an … Continue reading “Richard Egan, EMC Co-founder, Dies at 73”

Vidly, Formerly TwitVid, Raises $500K

San Francisco-based Vidly, which helps users to share videos over social media services such as Twitter, announced yesterday that it has raised $500,000 in funding from renowned angel investor Ron Conway and other investors. The startup, launched in 2008 in Cambridge, MA, through the Y Combinator startup training program, recently changed its name from TwitVid.

BMG Seltec Garners $6,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b798a9d-0381-4b2b-9afc-3d99ab719bbb&Preview=1 Date 8/29/2009 Company Name BMG Seltec Mailing Address 222 Mountain Vista Pkwy Livermore, CA 94551 Company Description Based in Livermore, CA, BMG Seltec provides operations support software, GPS vehicle tracking, plant control systems, point-of-sale systems, and related professional and plant services to producers of asphalt, aggregates, and concrete. Website http://www.bmgseltec.com Transaction … Continue reading “BMG Seltec Garners $6,000,000 New Financing”

Vidly Receives $500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0b5bc0b6-46db-437b-9a5b-ef1d4a29f614&Preview=1 Date 8/29/2009 Company Name Vidly Mailing Address 19 Rausch Street San Francisco, CA 94103 Company Description Which helps users to share videos over social media services. Website http://www.vidly.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed

iWalk Secures Venture Round

iWalk, the Cambridge, MA-based developer of an actively powered prosthetic ankle and foot, has raised a new round of venture financing that provides a post-money valuation of $20 million, according to Rick Casler, the company’s chief technology officer. The amount of equity investment isn’t yet being disclosed, although General Catalyst led the round, Casler says, … Continue reading “iWalk Secures Venture Round”

Google Is Hiring Again, Makes Bid to Be More Transparent to Seattle-Area Engineers

Last night, Google hosted a series of technology talks at its Fremont office in Seattle. The goal was to give the tech community a look at the core technologies and problems Google is working on in the Northwest—the first time Google Seattle has spoken publicly in detail about a number of projects it’s pursuing. Between … Continue reading “Google Is Hiring Again, Makes Bid to Be More Transparent to Seattle-Area Engineers”

Betaspring Unveils First Class of Startup Groups in Providence, Plans Micro-Seed Fund Akin to Y Combinator

Ji Kim was able to raise $100,000 in seed financing for his ad software startup Dijipop this summer through connections he gained in a new program called Betaspring, which was launched this year to support young entrepreneurs in Providence, RI, in their quest to form technology- and design-oriented startups. Dijipop was one of the seven … Continue reading “Betaspring Unveils First Class of Startup Groups in Providence, Plans Micro-Seed Fund Akin to Y Combinator”

The Webloyalty Settlement: A Great Graphic Lesson in Marketing Practices

Yesterday morning, Wade wrote a story about the recent settlement agreement in a class-action lawsuit involving Connecticut-based Webloyalty, which runs various discount programs offered to consumers as they wrap up e-commerce transactions. The case involved allegations that Webloyalty violated state and federal laws by failing to disclose some details about its offerings, such as the … Continue reading “The Webloyalty Settlement: A Great Graphic Lesson in Marketing Practices”

RockPort Ups Investment in Think

Think, the Oslo, Norway-based startup developing long-range electric vehicles, announced yesterday that it has exited bankruptcy protection and raised $47 in new funding, with cleantech venture firm RockPort Capital Partners of Boston as one of the return investors. New investors in the round included New York-based lithium ion battery developer Ener1 (NASDAQ: [[ticker:HEV]]), Finland’s Valmet … Continue reading “RockPort Ups Investment in Think”

Trubion Gets $20M Upfront in Leukemia Drug Partnership With Facet; Shares Boom

Trubion Pharmaceuticals has been pretty quiet this year, but put out some some good news this morning that sent shares soaring more than 40 percent. The Seattle biotech company said it has signed a global partnership with Redwood City, CA-based Facet Biotech to co-develop and market an experimental treatment for leukemia. Trubion (NASDAQ: [[ticker:TRBN]]) will … Continue reading “Trubion Gets $20M Upfront in Leukemia Drug Partnership With Facet; Shares Boom”

TheFunded to Bring Startup “Training Camp” to San Diego—Eyeing Other Cities From Seattle to Boston to Paris

The inaugural class of the TheFunded Founder Institute, a San Francisco-based training camp for startup CEOs, isn’t graduating until Sept. 8—but the institute’s founder, Bay Area serial entrepreneur Adeo Ressi, is already expanding the program to San Diego and elsewhere. Ressi, who previously founded the VC rating site TheFunded and operates the institute as an … Continue reading “TheFunded to Bring Startup “Training Camp” to San Diego—Eyeing Other Cities From Seattle to Boston to Paris”

Heartland Robotics Lands $7M, Gloucester Pharma Gets $29M, Biopure Auctioned Away for $4M, & More Boston Deals News

There were good, bad, and ugly deals in New England’s technology and life sciences sectors this past week. Yet there are more highlights and lowlights. You can judge under which of those three categories (good, bad, ugly) the following deals fall: —Wade did some digging in the SEC database last Friday to report that Cambridge, … Continue reading “Heartland Robotics Lands $7M, Gloucester Pharma Gets $29M, Biopure Auctioned Away for $4M, & More Boston Deals News”

Myhrvold, Mundie, Simonyi to Speak at UW

The University of Washington’s department of computer science and engineering announced its Distinguished Lecturer Series for the fall. Highlights will include talks by spaceman Charles Simonyi of Intentional Software (Oct. 1), cooking science experts Nathan Myhrvold and Chris Young of Intellectual Ventures (Oct. 6), wireless wizard Irwin Jacobs of Qualcomm (Oct. 15), software strategist Craig … Continue reading “Myhrvold, Mundie, Simonyi to Speak at UW”

WTIA Fall Networking Event—Fall Kickoff at Pike Pub & Brewery

Register here. After summer there is no better time in the Northwest than fall! So kickstart a great season with the WTIA at the famous Pike Pub & Brewery. Enjoy great food and drinks while you make new connections or build existing relationships. With the “Museum Room” reserved just for us, you’ll have plenty of … Continue reading “WTIA Fall Networking Event—Fall Kickoff at Pike Pub & Brewery”