Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7be3ea04-5caf-435d-a5c4-9298093e37f2&Preview=1 Date 6/16/2009 Company Name AdWhirl Mailing Address 60 East 3rd Avenue San Mateo, CA 94401 Company Description With AdWhirl, you can launch your app firstand then decide which ad networks to use, switching between multiple networks at a time, all without requiring your users to update! adWhirl can also automatically aptimize … Continue reading “AdWhirl Obtains $1,000,000 New Financing”
Certify Data Systems Secures $1,590,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d3e13992-98cd-40ef-9d97-95034744e8c0&Preview=1 Date 6/16/2009 Company Name Certify Data Systems Mailing Address 560 S. Winchester Blvd. San Jose, CA 95128 Company Description Certify Data Systems, Inc. provides innovative products and solutions that allow different systems to exchange health information — improving patient care, lowering costs and enhancing revenue. Using cost efficient, easy-to-deploy hardware and … Continue reading “Certify Data Systems Secures $1,590,000 Series B Round”
Stitcher Lands $100,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97af7936-d6a8-47da-bd9b-bb5ff32263dd&Preview=1 Date 6/16/2009 Company Name Stitcher Mailing Address Pier 9 Building 116 First Floor San Francisco, CA 94111 Company Description Our service enables you to hear the audio content you care about. We “stitch” it into personalized, always-current stations that you can easily listen to on your iPhone or computer. Website http://www.stitcher.com … Continue reading “Stitcher Lands $100,000 New Round”
RoyaltyShare Expands UK Service
San Diego’s RoyaltyShare, which provides software-as-a-service for record labels that want to track and collect music royalties, says its technology now supports the U.K.’s Mechanical-Copyright Protection Society. Bob Kohn, RoyaltyShare’s co-founder, chairman and CEO, says creating an automated process for reporting royalties to MCPS represents a “significant milestone” for RoyaltyShare. “They have 100 percent market … Continue reading “RoyaltyShare Expands UK Service”
Accelrys Names New CEO
San Diego-based Accelrys, which develops software for computer-aided design and modeling, today named Scipio Carnecchia as president and chief executive. Carnecchia previously was president of Interwoven, a provider of content management software that was acquired by Autonomy earlier this year. Carnecchia, who also is joining the board at Accelrys (NASDAQ: [[ticker:ACCL]]), replaces Mark Emkjer, who resigned as CEO in … Continue reading “Accelrys Names New CEO”
Alliance of Angels Pitch Clinic
The Alliance of Angels is hosting its 10-minute pitch clinic on July 7 for entrepreneurs looking to sharpen up their skills at presenting their business plan to angel investors. Cost is $95 in advance, or $110 at the door, space permitting. To register online, click here.
Interlace Sews Up $20.5M Series C Round
Framingham, MA-based Interlace Medical, which develops medical devices for gynecologists, announced today it has raised $20.5 million in Series C funding. The round was led by Baird Venture Partners and HLM Venture Partners and included new investors Hambrecht & Quist Capital Management and Aperture Venture Partners. Previous backers New Leaf Venture Partners and Spray Venture … Continue reading “Interlace Sews Up $20.5M Series C Round”
Cambridge Biosafety Regulation Public Hearing
The Cambridge Public Health Department is holding a public hearing on a proposed addendum to current biosafety regulations. The new policies will “extend current Public Health oversight beyond rDNA work to include biological work using naturally occurring (“wild type”) and potential pathogenic organisms that would require BSL-3 containment or have been designated as Select Agents … Continue reading “Cambridge Biosafety Regulation Public Hearing”
Antenna Acquires Dexterra
Dexterra, a Bothell, WA-based developer of mobile software, has been acquired by Antenna, a rival company based in Jersey City, NJ, according to an announcement by Antenna today. Financial terms weren’t announced, but TechFlash has reported that Dexterra was ultimately purchased for $18 million. As part of the acquisiton, Antenna said it would be keeping … Continue reading “Antenna Acquires Dexterra”
Flagship Ventures Taps Carbeck to Work on Hush-Hush Startup Project
Jeff Carbeck, a co-founder of Boston-area startups Arsenal Medical and Nano-Terra, has recently begun working with Flagship Ventures as a consultant on a confidential startup project, firm spokeswoman Kelly Friendly tells Xconomy. Friendly says she’s unable to provide details about the startup project on which the former Princeton professor is working. Carbeck also declined to … Continue reading “Flagship Ventures Taps Carbeck to Work on Hush-Hush Startup Project”
Novell To Buy Back $122M in Debt
In a tender offer registered today with the Securities and Exchange Commission, Waltham, MA-based network software maker Novell said it will buy back up to $121.6 million in convertible debt notes from the debt holders. The one-for-one offer, which commences June 15 and expires July 14, covers 0.50 percent convertible senior debentures due in 2024, … Continue reading “Novell To Buy Back $122M in Debt”
Hollis-Eden Names Frincke CEO
San Diego’s Hollis-Eden Pharmaceuticals (NASDAQ: [[ticker:HEPH]]) today named James Frincke as CEO, three months after the biotech terminated founder Richard Hollis. Frincke, who was the biotech’s chief operating officer, was named interim CEO at the time. Hollis founded the biotech 15 years ago to develop therapies based on a synthetic form of HDEA, an adrenal … Continue reading “Hollis-Eden Names Frincke CEO”
Novartis Backing Enlight Biosciences
Swiss drug giant Novartis has joined a cadre of big pharmaceutical companies that are supporting Boston-based Enlight Biosciences, a startup focused on developing technologies to improve drug discovery and development efforts, Enlight founding CEO David Steinberg confirmed. Enlight has also recruited another unnamed large pharma firm into the group recently, says Steinberg, but he wouldn’t … Continue reading “Novartis Backing Enlight Biosciences”
Glaxo Ends Synta Partnership
GlaxoSmithKline has pulled out of a collaboration with Lexington, MA-based Synta Pharmaceuticals (NASDAQ: [[ticker:SNTA]) to co-develop elesclomol as a cancer treatment. The drug failed earlier this year in a pivotal clinical trial among patients with melanoma that had spread through the body. Synta is now focusing its resources on other drugs in its portfolio, including … Continue reading “Glaxo Ends Synta Partnership”
Thoughts on Bing and Search Engines of the Future, From UW Computer Scientist Dan Weld
Dan Weld spends a lot of time thinking about the Web and how to get the best information out of it. Weld is a professor of computer science and engineering at the University of Washington and a serial entrepreneur, having co-founded Netbot, AdRelevance, and Nimble Technology. He is also a venture partner with Seattle-based Madrona … Continue reading “Thoughts on Bing and Search Engines of the Future, From UW Computer Scientist Dan Weld”
EMC May Raise DDUP Bid
Hopkinton, MA-based EMC (NYSE: [[ticker:EMC]]) is prepared to raise its bid for Santa Clara, CA-based Data Domain (NASDAQ: [[ticker:DDUP]]) from $30 per share to as much as $35 in order to outbid rival NetApp (NASDAQ: [[ticker:NTAP]]), Reuters reported on Friday, citing unnamed sources. The board of Data Domain, whose software is used to reduce storage … Continue reading “EMC May Raise DDUP Bid”
MadCap Competes by Innovating, VC Partners See Influx of Foreign Investment, Qualcomm’s Media Flo Begins Delayed Network Expansion, & More San Diego BizTech News
While tech deals remained scarce last week in San Diego, Qualcomm served up some of the biggest news by launching the delayed expansion of its Media Flo network and signaling an increase in its wireless chip sales, at least in the current quarter. More on all that, and the rest of last week’s San Diego … Continue reading “MadCap Competes by Innovating, VC Partners See Influx of Foreign Investment, Qualcomm’s Media Flo Begins Delayed Network Expansion, & More San Diego BizTech News”
Gates, Allen Beat Deadline for Battle of the Tech Bands—Did You?
Alas, the deadline has come and gone. Finis. At the stroke of midnight on Friday night, the doors officially closed on any new band submissions for Xconomy’s Battle of the Tech Bands. The big event is happening on July 30, at the WTIA Annual Summer Celebration at the Pyramid Alehouse in Seattle. You can beg, … Continue reading “Gates, Allen Beat Deadline for Battle of the Tech Bands—Did You?”
Getting Better Answers Faster: Providence Software Startup Dynadec Goes Way Beyond the Traveling Salesman Problem
Say you’re running an oil company and you operate dozens of offshore drilling platforms. You have a fleet of gas-guzzling helicopters to transport the hundreds of technicians who commute every day from the shore to their rig or from one rig to another—but the numbers traveling and their destinations change every day depending on what … Continue reading “Getting Better Answers Faster: Providence Software Startup Dynadec Goes Way Beyond the Traveling Salesman Problem”
Q&A With Hui Cai on Biotech in the Asia Pacific Region: Sharing Risks and Building Sustainable Businesses
As cross-pacific partnerships multiply among life science companies in California and Asia, San Diego biotech companies are increasingly interested in learning how to do business in China, India, and other countries. At least 250 representatives of the international life science community are expected to gather for CalAsia, a two-day conference that begins today at the … Continue reading “Q&A With Hui Cai on Biotech in the Asia Pacific Region: Sharing Risks and Building Sustainable Businesses”
Nobel Laureate Mario Capecchi Encourages Postdocs, and Third Graders, To “Dream Big”
Mario Capecchi performs open-heart surgery in third-grade classrooms. He revels in answering the questions he gets as he reveals the wonders of the pumping heart to the children. Of course, the surgery is performed on a mouse, but it’s hard to imagine a better way to get kids asking questions about biology than by closing … Continue reading “Nobel Laureate Mario Capecchi Encourages Postdocs, and Third Graders, To “Dream Big””
High Tech for a Historic City—A 21-Year-Old Web Entrepreneur’s View of the Big Computing Center Planned for His Home Town
Civic leaders, economic visionaries, and passionate residents often claim that their city is the next to rebound. I say with confidence that my city is next in line for metamorphosis. Some find their new meaning through the arts and other organic movements, but in most recent accounts, it seems, a few deserving cities are staged … Continue reading “High Tech for a Historic City—A 21-Year-Old Web Entrepreneur’s View of the Big Computing Center Planned for His Home Town”
Interlace Medical Inc Obtains $20,500,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ea73d3a-5d8b-4883-b46c-7a1b8d3d79c0&Preview=1 Date 6/15/2009 Company Name Interlace Medical Inc Mailing Address 139 Newbury Street Framingham, MA 01701 Company Description Interlace’s mission is to improve the lives of women by delivering the most advanced medical devices in the world for treating gynecological diseases and conditions.Organized in 2006, Interlace Medical, Inc. is focused on designing … Continue reading “Interlace Medical Inc Obtains $20,500,000 Series C Funding Round”
Antenna Software, Inc Acquires Dexterra Inc for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=edf3ea8b-d743-4bcd-a113-902b1a2d32e3&Preview=1 Date 6/15/2009 Company Name Dexterra Inc Mailing Address 21540 30th Dr SE Bothell, WA 98021 Company Description Dexterra offers the leading mobile platform available today, Dexterra ConcertTM, to enterprises across the globe in industries such as manufacturing, transportation, real estate, utilities, IT consulting, government, facilities management and consumer packaged goods. Website … Continue reading “Antenna Software, Inc Acquires Dexterra Inc for Undisclosed Sum”
SS8 Networks Receives $13,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e3662a90-1b6c-471d-99c8-3512761a356a&Preview=1 Date 6/15/2009 Company Name SS8 Networks Mailing Address 750 Tasman Drive Milpitas, CA 95035 Company Description Service providers worldwide rely on SS8 Networks® to help build unified communication services and to meet government mandated requirements for lawful traffic interception. As a long term supplier of voice messaging solutions, SS8 products can … Continue reading “SS8 Networks Receives $13,000,000 New Financing”
BigBelly Strikes Big Agreement with Waste Management
If you’re a company that makes high-tech public waste bins and you’re looking for a partner to get them distributed nationally, there aren’t many bigger than Waste Management (NYSE: [[ticker:WMI]]), the Houston, TX-based waste hauler and environmental services company with more than 20 million commercial, residential, municipal, and industrial customers in North America. That’s why … Continue reading “BigBelly Strikes Big Agreement with Waste Management”
$136K for Washington Technology Center
Seattle-based Washington Technology Center announced today it has been awarded $136,000 in funding from the U.S. Department of Energy to improve thin-film silicon solar cells. The project, done in partnership with Oregon State University and the National Renewable Energy Laboratory, involves using nanotech methods to trap more light in the solar cell so as to … Continue reading “$136K for Washington Technology Center”
Poker, Children’s Books, & Going to California—A Seattle Entrepreneur Roundup
A few random rumblings from around the tech community today: —Some notables from the Seattle startup scene are heading to Las Vegas next week to compete in the World Series of Poker. Dave Schappell of TeachStreet, Andy Liu of BuddyTV, Davis Bae of the Bae Law Group, and a few others will be bringing it … Continue reading “Poker, Children’s Books, & Going to California—A Seattle Entrepreneur Roundup”
Exact Sciences Raises $8.2M
In a private placement of stock, Marlborough, MA-based Exact Science (NASDAQ: [[ticker:EXAS]]) has raised $8.2 in new funding, according to an announcement today. The company, which has developed a molecular screening test for colorectal cancer, also said it has licensed technology developed by cancer researcher David Ahlquist at the Mayo Clinic covering aspects of sample … Continue reading “Exact Sciences Raises $8.2M”
Innovation A-Brewin’ At The XSITE Pre-Party
Two weeks before the best damn innovation conference on either side of the Charles, Xconomy and friends flocked to the Cambridge Brewing Company Wednesday night, and Kendall Square was awash in a spirit of brotherhood and appreciation of innovation. Incidentally, there was plenty of beer. Judging by the levels in the taps (and glasses), the … Continue reading “Innovation A-Brewin’ At The XSITE Pre-Party”
Partners HealthCare to Spin Off Startup Offering Web-based Health-Monitoring Services, Seeks CEO and Investors
Partners HealthCare System, the largest hospital group in Boston, is launching a startup that will commercialize a health self-monitoring system developed by Partners’ Center for Connected Health, Xconomy has learned. The planned launch of the company follows a successful pilot trial of its initial Web-based service, called SmartBeat, which allows workers to report and track … Continue reading “Partners HealthCare to Spin Off Startup Offering Web-based Health-Monitoring Services, Seeks CEO and Investors”
Aileron Piles on $40M, GenArts Lights Up Lucasfilm’s Screens, Taris Takes on $15M, & More Boston-Area Deals News
Deal flow was on the slow side this past week, but there was at least one whopper of a transaction, namely… —Aileron Therapeutics, the Cambridge, MA-based developer of a new class of drugs called “stapled peptides,” raised $40 million in venture capital, bringing its total raised to date to about $61 million. The new round … Continue reading “Aileron Piles on $40M, GenArts Lights Up Lucasfilm’s Screens, Taris Takes on $15M, & More Boston-Area Deals News”
Talyst, With $8M in New Funding, Sets Sights on Its Next Healthcare-IT Business
It might be too early to call Bellevue, WA-based Talyst a success, but its story certainly makes for a compelling case study. The company closed $8 million last month from existing investors OVP Venture Partners, Ignition Partners, and AIG Global Investment Group, but didn’t make an announcement. Why? Things have been too busy. “We raised … Continue reading “Talyst, With $8M in New Funding, Sets Sights on Its Next Healthcare-IT Business”
Trius Looks to Cut a Deal, Gears Up For Final Stage of Trials with New Antibiotic
San Diego-based Trius Therapeutics saw what it wanted from a clinical trial of its new antibiotic against deadly MRSA infections, and now it’s gearing up this summer to take its game to a higher level. Trius reported earlier this week some impressive results from a trial of 188 patients with complicated skin infections who took … Continue reading “Trius Looks to Cut a Deal, Gears Up For Final Stage of Trials with New Antibiotic”
German Web 2.0 Clothing Retailer Spreadshirt Finds Boston Fits It to a T
When you’re a technology reporter and you stumble across the same startup two or three times in quick succession, it’s the journalism gods telling you to write a story. I first stumbled across Spreadshirt on Tax Day, April 15. (As I’d later learn, the Leipzig, Germany-based startup has been famous among Web-savvy fashionistas for years, … Continue reading “German Web 2.0 Clothing Retailer Spreadshirt Finds Boston Fits It to a T”
Exact Science Secures $8,200,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=83a5f970-159e-4d6b-bf21-b3e4d2c76825&Preview=1 Date 6/12/2009 Company Name Exact Science Mailing Address Undisclosed Marlborough, MA 01752 Company Description The company, which has developed a molecular screening test for colorectal cancer, also said it has licensed technology developed by cancer researcher David Ahlquist at the Mayo Clinic covering aspects of sample processing and data analysis related … Continue reading “Exact Science Secures $8,200,000 New Financing Round”
Talyst Secures $8,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=63ac9e12-cc35-40d6-b89d-46c680ef7e41&Preview=1 Date 6/12/2009 Company Name Talyst Mailing Address 13555 SE 36th St Bellevue, WA 98006 Company Description Talyst enables the intelligent pharmacy. The company provides automated systems to hospitals and other centralized pharmacies, to reduce costs and increase productivity, while improving accuracy and patient safety. Its equipment and software are used to … Continue reading “Talyst Secures $8,000,000 New Funding Round”
YuMe Garners $2,900,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b5d9db1b-d1ce-429d-9b58-6885827c0b5c&Preview=1 Date 6/12/2009 Company Name YuMe Mailing Address 333 Twin Dolphin Drive Redwood City, CA 94065 Company Description YuMe is the first dedicated broadband video advertising network built from the ground up that offers a brand safe advertising experience that can be delivered to any device – PC, TV, mobile and more … Continue reading “YuMe Garners $2,900,000 New Financing”
Zoosk Secures $6,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a2609646-82ed-43cb-91a8-7aa82a23d286&Preview=1 Date 6/12/2009 Company Name Zoosk Mailing Address 130 Battery St San Francisco, CA 94111 Company Description Zoosk is the fastest growing social dating network enabling millions of singles to meet love interests and forge long lasting relationships. Website http://www.zoosk.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Series C Proceeds … Continue reading “Zoosk Secures $6,000,000 Series C Financing Round”
IDRI Offers Flu Vaccine Boosters
The Infectious Disease Research Institute, a Seattle-based nonprofit research center, said today it it is offering a critical ingredient to manufacturers that could increase the world supplies of flu vaccine. IDRI has developed adjuvants, or immune-boosting compounds, that make it possible to give smaller doses that can still protect people against infection. The announcement came … Continue reading “IDRI Offers Flu Vaccine Boosters”
Going Goes to AOL
AOL, the New York-based Internet portal company soon to be spun off by Time Warner, said today that it has acquired Going, a Boston startup that publishes an online guide to nightlife, music, and cultural events in Boston and 29 other U.S. cities. The purchase is part of a strategy at AOL to invest in … Continue reading “Going Goes to AOL”
Small Indian Tribe Lands Big Wind Energy Deal
A Chicago-based developer of large-scale renewable energy projects will build a 160-megawatt wind farm on the Campo Indian Reservation about 60 miles east of San Diego, under an agreement announced today. If completed as expected by 2012, the 100-turbine facility in the Laguna Mountains will generate enough electricity during peak production for more than 100,000 … Continue reading “Small Indian Tribe Lands Big Wind Energy Deal”
PayScale and Bing Give Each Other a Raise
Bing, Microsoft’s new search engine, is partnering with PayScale, a Seattle-based salary comparison company, to help Bing users find answers about job salaries. Bing debuted last week, and has continued to add new features and capabilities as it attempts to compete with Google and become what Microsoft calls a “decision engine.” Under the terms of … Continue reading “PayScale and Bing Give Each Other a Raise”
Rogue Sheep Wins Apple Award
Seattle-based Rogue Sheep, a software development and consulting firm, has won an Apple Design Award for its iPhone App, Postage. The news was announced this week at the Apple Worldwide Developer Conference, and reported by the Seattle Times. Postage lets you create customized electronic postcards.
Beacon Power Gets $2M from NY
Beacon Power (NASDAQ: [[ticker:BCON]]), a Tyngsboro, MA, company that makes flywheel-based systems that help to smooth out power supplies on the electrical grid, said today that it has won a tentative contract award worth up to $2 million from the New York State Energy Research and Development Authority, a state agency in New York charged … Continue reading “Beacon Power Gets $2M from NY”
DIGMA Aims To Boost Bay State’s Design Economy
Design isn’t just about deciding which shade of taupe to paint City Hall or whether to make a water bottle square or round. It can mean the difference between comprehension (think iPhone) and confusion (think butterfly ballot). A new multidisciplinary organization launched yesterday is out to promote the importance of the Bay State’s design industries, … Continue reading “DIGMA Aims To Boost Bay State’s Design Economy”
Hull Turbine Tour
The answer, my friend, is blowin’ in the wind. At least that’s true if the question is “Where can I learn about local innovations in clean energy?” Action for Clean Energy is holding their Third Annual Boston Harbor cruise to Hull aboard the Island Expedition for a guided tour of Hull Wind I, a 660-kilowatt … Continue reading “Hull Turbine Tour”
12 By 12 By 12 By 12 By 12
Yesterday, I participated in a very exciting event that culminated with the announcement by Massachusetts Governor Deval Patrick of an important funding program—a $1 million annual business plan competition called MassChallenge. The essence of this announcement is to match the next generation of young aspiring entrepreneurs with numerous sources of capital, most likely local venture … Continue reading “12 By 12 By 12 By 12 By 12”
Canditto—A Wedding Crasher That Shares The Love
Four years ago, Rush Hambleton and his wife left their wedding reception on a restored 1962 Vespa motor scooter. The professional photographer missed it. But luckily, an aunt just happened to catch the shot on her digital camera, and eventually sent the couple a print. The Vespa image, Hambleton says, was “the” shot of the … Continue reading “Canditto—A Wedding Crasher That Shares The Love”
Ardea Sees Early Signs of Effectiveness With Gout Drug
Ardea Biosciences, the San Diego-based developer of a treatment for gout, has shown in a small clinical trial that a treatment its scientists stumbled upon by accident just might work. Ardea (NASDAQ: [[ticker:RDEA]]) said today that 6 of the first 7 patients who got its lead drug candidate for gout were able to bring their … Continue reading “Ardea Sees Early Signs of Effectiveness With Gout Drug”