On the up side, the IPO drought was broken by a New England company. On the down side, the stock took a bit of a tumble. That and the rest of last week’s deals news below. —GT Solar (NASDAQ: [[ticker:SOLR]]) raised about $500 million for its parent company, which sold 30.3 million shares of the … Continue reading “GT Solar Pulls Off IPO, Esther Dyson and Tim O’Reilly Back Good Data, BioEnergy Bonds with OmniGene, & More Deals News”
deCarta Receives $20,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=140ac346-1df5-4d61-973b-54eda1d4e9bc&Preview=1 Date 7/28/2008 Company Name deCarta Mailing Address Four North Second St. San Jose, CA 95113 Company Description deCarta is the leading geospatial software platform that powers today’s most successful Location-Based Services (LBS) applications such as those deployed by Ask.com, Qualcomm, Hotels.com Verizon, Sprint and many others. Website http://www.decarta.com Transaction Type Venture … Continue reading “deCarta Receives $20,000,000 Series C Financing”
Crushpad Obtains $9,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3fea1b45-a102-4094-b2fd-95b4572c886e&Preview=1 Date 7/28/2008 Company Name Crushpad Mailing Address 3105 Silverado Trail Napa, CA 94558 Company Description Who is Crushpad anyway? Well, we’re a combination of wine industry veterans and technology industry refugees that want to liberate winemaking from the stereotype of the 5th generation wine family living on the chateau with the … Continue reading “Crushpad Obtains $9,000,000 New Round”
TrueAnthem Lands $2,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=48222b8b-e8c7-41ab-baca-a3d6c38c5535&Preview=1 Date 7/28/2008 Company Name TrueAnthem Mailing Address 3235 Fillmore St 2nd Floor San Francisco, CA 94123 Company Description The company is a label that provides online and offline avenues for promoting talent. Website http://www.trueanthem.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “TrueAnthem Lands $2,000,000 New Funding Round”
MedeAnalytics Lands $50,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bae3806b-d0c3-412c-81cf-db4d821e6c1b&Preview=1 Date 7/28/2008 Company Name MedeAnalytics Mailing Address 5858 Horton Street Emeryville, CA 94608 Company Description If you’re a healthcare executive, you’re constantly under pressure to grow margins, increase cash, mitigate risk, and reduce costs. Many leading health systems – like Kaiser Permanente, Triad Hospitals , Partners Health System, Cedars-Sinai, Cleveland Clinic, … Continue reading “MedeAnalytics Lands $50,000,000 New Funding”
Greater Seattle Chamber Meeting, Leroy Hood Address
More than 1,000 of the region’s business and civic leaders will meet on Friday, Sept. 19 for the annual meeting of the Greater Seattle Chamber of Commerce. The meeting will examine global health, a $4.1 billion sector in our state that has much of its activity based in the Puget Sound region. Leroy Hood, president … Continue reading “Greater Seattle Chamber Meeting, Leroy Hood Address”
RF Surgical Raises $8.2 million From Menlo Ventures and Stanford University
RF Surgical, a Bellevue-based medical device company, said it has raised $8.2 million in a Series A round of venture capital from Menlo Ventures and Stanford University. The company markets an FDA approved system that alerts doctors if surgical material, like sponges, gauze or towels, are left inside a patient before incisions are closed back … Continue reading “RF Surgical Raises $8.2 million From Menlo Ventures and Stanford University”
Amgen Osteoporosis Drug Reduces Bone Fractures in Pivotal Study
Amgen, the world’s largest biotechnology company, said today that its experimental drug for osteoporosis reduced the rate of fractures in a pivotal clinical trial of 7,800 women who took the drug or a placebo. The rate of side effects, including infections, were similar for patients on denosumab and the placebo, the company said. Thousand Oaks, … Continue reading “Amgen Osteoporosis Drug Reduces Bone Fractures in Pivotal Study”
Daily TIPs: Heat Power, Browsing for Dollars, Wading Off Shore, & More
New Material Could Turn Waste Heat to Power Researchers at Ohio State University have created a new alloy with double the ability of previous materials to turn waste heat from power plants or car engines into electricity. Technology Review reports that the researchers added trace amounts of thallium to lead telluride, changing the material’s electrical … Continue reading “Daily TIPs: Heat Power, Browsing for Dollars, Wading Off Shore, & More”
REBN East at the Muddy
Join the Renewable Energy Business Network – East for their networking happy hour at The Muddy Charles Pub at MIT. Jim Matheson of Flagship Ventures has generously offered to buy the first round and some pizza, so don’t be late! Jim recently posted on Xconomy about his Cleantech mission to the UK.
Google Gives $300,000 to Oregon State University for Open Source Projects
Google has donated $300,000 to Oregon State University to build more capacity at its open source computing lab, which means the company has now given a total of $750,000 to the lab, the university said in a statement. The money will further the work of the university, which has already played a role in some … Continue reading “Google Gives $300,000 to Oregon State University for Open Source Projects”
Tradual Raises $2.4M for Currency Trading
According to reports today in PE Hub and Mass High Tech, Boston-based stealth mode startup Tradual has collected $2.4 million of a $4 million Series A investment round. The company is building a social media website focused on international currency trading, according to the reports, and the investment round was led by Waltham, MA-based North … Continue reading “Tradual Raises $2.4M for Currency Trading”
Harvard Stem Cell Institute Wins $25 Million Investment From GlaxoSmithKline
GlaxoSmithKline, the world’s second-biggest drugmaker, said it agreed to invest $25 million over five years in the Harvard Stem Cell Institute for a collaboration to develop new treatments. London-based Glaxo (NYSE: [[ticker:GSK]]) said the collaboration will spur research at Harvard and at least four affiliated hospitals to study neuroscience, cancer, diabetes, obesity and musculoskeletal diseases. … Continue reading “Harvard Stem Cell Institute Wins $25 Million Investment From GlaxoSmithKline”
Are You Ready to Give Up Cable TV for Internet Video?
That’s the question I’ve been asking myself lately. Partly, it’s because my 12-month introductory rate from Comcast just expired, putting my yearly cable bill into the $1,000 range. That’s a lot to stomach, especially considering that about a third of the content coming down the co-ax is commercials. A friend says that I just need … Continue reading “Are You Ready to Give Up Cable TV for Internet Video?”
From Tech to Biotech: Former Corbis CEO Steve Davis Tackles Global Health With IDRI
Steve Davis got some funny looks in May after word spread of his latest career move. The former CEO of Corbis, the digital image company backed by Bill Gates, has a reputation as a strategic thinker in Seattle’s business and community circles. He serves on the boards of the Fred Hutchinson Cancer Research Center, PATH, … Continue reading “From Tech to Biotech: Former Corbis CEO Steve Davis Tackles Global Health With IDRI”
Biogen Idec Adds New Board Member: Another Line of Defense From Icahn?
Biogen Idec just added a member to its board of directors. Boring, you say. So what? Ok, given that the Cambridge, MA-based biotech company (NASDAQ: [[ticker:BIIB]]) just emerged triumphant last month from a blistering fight with billionaire investor Carl Icahn, who wanted to take over three of the company’s 12 board seats, we couldn’t help … Continue reading “Biogen Idec Adds New Board Member: Another Line of Defense From Icahn?”
Led by Neil Roseman, Evri Wants to Understand Content of Every Web Page (and Connections Between Them)
First of all, please don’t call it a search company. Not even a “semantic” search company (one that uses natural-language processing of text), which is what its technology is based on. Evri, a Seattle startup backed by Paul Allen’s Vulcan Capital, is about more than search—it’s about browsing, understanding content, and “connecting the rest of … Continue reading “Led by Neil Roseman, Evri Wants to Understand Content of Every Web Page (and Connections Between Them)”
Cloud Computing: The Coming IT Cambrian Explosion
Cloud computing continues to be a very hot subject. I recently participated in Xconomy’s conference on “The Promise and Reality of Cloud Computing,” and it was clear from the discussion that something big and profound seems to be going on, although we are not totally sure what it is yet. Some of us feel that … Continue reading “Cloud Computing: The Coming IT Cambrian Explosion”
Visual I|O Brings Your Data to Life Through Visual Experimentation
In February 2006, Swedish physician, statistician, and global health expert Hans Rosling brought down the house at TED (the Technology, Entertainment, and Design conference in Monterey, CA) with a presentation on health and economic trends in developing nations. But it wasn’t the content of the presentation so much as the software he was using that … Continue reading “Visual I|O Brings Your Data to Life Through Visual Experimentation”
Cara Therapeutics Garners $12,300,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1304495a-224b-4dac-8464-58ea7cae3eaa&Preview=1 Date 7/25/2008 Company Name Cara Therapeutics Mailing Address One Parrott Drive Shelton, CT 06484 Company Description Cara Therapeutics is an emerging biotechnology company focused on developing novel therapeutics to treat human diseases associated with pain and inflammation. Cara possesses both near-term clinical development opportunities combined with proprietary approaches to developing first-in-class … Continue reading “Cara Therapeutics Garners $12,300,000 Series C Round”
RF Surgical Systems, Inc. Garners $12,000,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=77004d5f-79e2-4576-9656-20d1bfd9dade&Preview=1 Date 7/25/2008 Company Name RF Surgical Systems, Inc. Mailing Address 2700 Richards Road Bellevue, WA 98005 Company Description RF Surgical Systems, Inc. is a medical device company with headquarters in Bellevue, Washington and engineering R & D facilities in San Diego, California. The privately held company was founded by Chairman Jeffrey … Continue reading “RF Surgical Systems, Inc. Garners $12,000,000 Series A Funding Round”
Verve Wireless Obtains $3,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5dfb857c-9306-4589-9897-fb0683306b44&Preview=1 Date 7/25/2008 Company Name Verve Wireless Mailing Address 1010 S. Coast Highway 101 Encinitas, CA 92024 Company Description Verve is a wireless technology developer providing applications and services to publishers and media companies. Using the proprietary Verve Publishing Platform™, content partners are able to extend their readership onto mobile phones – … Continue reading “Verve Wireless Obtains $3,000,000 New Financing Round”
Sensys Networks Obtains $5,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a5f0dcc-8492-48ee-952c-c3eec7bcc333&Preview=1 Date 7/25/2008 Company Name Sensys Networks Mailing Address 2560 Ninth Street Berkeley, CA 94710 Company Description A leader in ultra low-power wireless sensor networking, Sensys Networks has developed the VDS240 family of vehicle detection products. Wireless sensor networking is a breakthrough technology that combines sophisticated networking software with highly integrated radio … Continue reading “Sensys Networks Obtains $5,000,000 New Funding Round”
Daily TIPs: Cow Patties and Corncobs, Insecure Banking, Google Drives Green, & More
Companies Developing Wireless HD Standard As wireless high-definition video emerges, various groups within the industry are competing to create a standard on which wireless HD devices will operate. Ars Technica says that Hitachi, Motorola, Samsung, Sharp, and Sony have come together to support a standard being developed by Israeli startup Amimon. The company says its … Continue reading “Daily TIPs: Cow Patties and Corncobs, Insecure Banking, Google Drives Green, & More”
General Software Acquired by Phoenix Technologies
Milpitas, CA-based Phoenix Technologies (NASDAQ: [[ticker:PTEC]]), which makes PC systems software, announced today that it has signed an agreement to acquire Bellevue, WA-based General Software. Financial terms were not disclosed. The deal is intended to expand Phoenix’s presence across mobile and consumer electronics, communications systems such as network routers, and medical devices.
GT Solar Sees Partly Sunny Stock-Market Debut
Shares of GT Solar headed south after their debut this morning on the NASDAQ exchange ([[ticker:SOLR]]). Of course, making it to the public market at all is an accomplishment in this economic climate; the Merrimack, NH-based manufacturer of equipment for producing photovoltaic panels is the first venture- or PE-backed firm in the whole country to … Continue reading “GT Solar Sees Partly Sunny Stock-Market Debut”
IRobot to Send Army another $17.5 Million Worth of PackBots Under Its Hard-Won XBot Contract
IRobot, (NASDAQ: [[ticker:IRBT]]) of Bedford, MA, announced today that the Army has ordered 220 of its PackBot 510 robots, worth a total of $17.5 million. The bots allow soldiers to detect and investigate explosive devices and other hazards while keeping a safe distance. The new order is the fourth that the Army has made under … Continue reading “IRobot to Send Army another $17.5 Million Worth of PackBots Under Its Hard-Won XBot Contract”
Genocea Names Bakali as Board’s Executive Director
Genocea Biosciences, a privately-held vaccine developer in Cambridge, MA, said it has added Staph Bakali to its board as executive director. Bakali was formerly the chief operating officer of ID Biomedical, a Vancouver, BC-based vaccine developer that was acquired by drug giant GlaxoSmithKline in 2005 for $1.4 billion. Genocea is working on a variety of … Continue reading “Genocea Names Bakali as Board’s Executive Director”
Spiration, Olympus Sign Lung-Valve Partnership in Japan
Spiration, a Redmond, WA-based maker of medical devices for lung diseases, said it signed a deal to allow Tokyo-based Olympus to distribute its minimally-invasive device for emphysema patients in Japan. Financial terms weren’t disclosed, although Olympus will pay for clinical trials needed in Japan, and file applications to regulators there, Spiration said. The two companies … Continue reading “Spiration, Olympus Sign Lung-Valve Partnership in Japan”
Cell Therapeutics Raises $44.5 Million From Institutional Investor
Cell Therapeutics, the Seattle-based developer of cancer drugs, said today it has raised $44.5 million in convertible debt and warrants from a single institutional investor it didn’t name. The notes, which come at 18.3 percent interest and come due in 2011, can convert to stock if Cell Therapeutics’ shares climb above 79 cents. Late Friday, … Continue reading “Cell Therapeutics Raises $44.5 Million From Institutional Investor”
Gaming the Industry: Defining, Pitching, and Monetizing Casual Games at Casual Connect
What exactly is “casual” gaming? My impression was that it’s a term to describe short video games that are usually played online with a minimum of software downloads and time commitment—things like solitaire and various brainteaser games. As opposed to “core” gaming, which spans the role-playing, virtual-world, and shoot-em-up market segments, traditionally played on consoles. … Continue reading “Gaming the Industry: Defining, Pitching, and Monetizing Casual Games at Casual Connect”
Light Sciences Oncology, Led by CEO on the Go, Prepares for Its Big Day
Llew Keltner flies about 600,000 miles a year. The CEO of Light Sciences Oncology insists he can’t imagine doing his job any other way. There are doctors in about 30 countries testing his company’s experimental drug/device combo treatment in clinical trials of cancer patients. He meets the physicians in person, twice a year, to talk … Continue reading “Light Sciences Oncology, Led by CEO on the Go, Prepares for Its Big Day”
The Ongoing Story of the Route 128 Minicomputer Industry
When we are riding a bus along Massachusetts Avenue in Boston, a man strikes up a conversation with my wife and me. “You know, I’m a ‘DEC:ie,’ that’s what we used to be called when I worked for DEC, Digital Equipment,” he tells us. It’s been 10 years since the company ceased to exist, after … Continue reading “The Ongoing Story of the Route 128 Minicomputer Industry”
Tradual Inc. Secures $2,400,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ca774f2-1d01-476f-b7e4-c637cac0255b&Preview=1 Date 7/24/2008 Company Name Tradual Inc. Mailing Address 75 Clarendon Street #205 Boston, ME 02116 Company Description The company is social media company focused on the foreign currency exchange marketplace. Website Undisclosed Transaction Type Venture Equity Transaction Amount $2,400,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “Tradual Inc. Secures $2,400,000 Series A Financing”
Aptera Motors, Inc. Receives $24,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=935bbb6c-0242-4701-a322-f9b16d7c4bec&Preview=1 Date 7/24/2008 Company Name Aptera Motors, Inc. Mailing Address Undisclosed Carlsbad, CA 92010 Company Description The company is developing a futuristic hybrid automobile. Website http://www.apteramotors.com Transaction Type Venture Equity Transaction Amount $24,000,000 Transaction Round Series C Proceeds Purposes The new funds will be used to start initial production of its Aptera … Continue reading “Aptera Motors, Inc. Receives $24,000,000 Series C Round”
Microsoft Corporation Acquires DATAllegro for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7cda006e-0985-461b-9adb-15952c9bb248&Preview=1 Date 7/24/2008 Company Name DATAllegro Mailing Address 85 Enterprise, 2nd Floor Aliso Viejo, CA 92656 Company Description DATAllegro offers data warehouse appliances with the best price and performance in the industry. Website http://www.DATAllegro.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were … Continue reading “Microsoft Corporation Acquires DATAllegro for Undisclosed Sum”
128 Innovation Capital Group: Nothin’ But Net
Regular meetings of the 128 Innovation Capital Group take place on the second Thursday of every month at 7:15 am. If that’s too early for you (or you’re just looking for a night out), the 4th annual “Nothin’ But Net” event may be just the thing. Unlike the morning events, there’s no formal presentation, but … Continue reading “128 Innovation Capital Group: Nothin’ But Net”
Massachusetts Life Sciences Center Announces Board, Approves $7 Million in Grants
The Massachusetts Life Sciences Center, in charge of administering the state’s newly-enacted $1 billion, 10-year program to boost the biotech industry, announced the members of its board of directors today and, in one of its first actions, voted to approve $7 million in grants. The seven-member board includes Joshua Boger, CEO of Vertex Pharmaceuticals (NASDAQ: … Continue reading “Massachusetts Life Sciences Center Announces Board, Approves $7 Million in Grants”
Cisco To Buy Pure Networks for $120 Million
Nobody’s going public these days, but the acquisitions market is certainly heating up. A day after Boeing announced its purchase of Bingen, WA-based Insitu, Cisco (NASDAQ: [[ticker:CSCO]]) is getting into the act. The San Jose, CA-based networking giant announced it is buying Pure Networks, a privately held company based in Seattle. The deal is worth … Continue reading “Cisco To Buy Pure Networks for $120 Million”
Matchmine Adds Six New Partners
Matchmine—the Foxborough, MA-based startup whose recommendation engine helps consumers find songs, videos, and other content they’re likely to enjoy at various content-oriented websites, and which we profiled in September 2007 and again in April 2008—announced today that four new destination sites have signed up for its system. They are Podcast.com and Videocast.com, both owned by … Continue reading “Matchmine Adds Six New Partners”
Daily TIPs: Where to Stick Carbon, Bandwidth Trading, 100 Miles per Gallon, & More
Concrete Solution Would Lock Up Carbon Making all the concrete that goes into buildings and sidewalks accounts for more than 5 percent of annual carbon dioxide emissions, because of the intense heat that needs to be generated during the production of cement. But Technology Review tells us of one company that has a plan to … Continue reading “Daily TIPs: Where to Stick Carbon, Bandwidth Trading, 100 Miles per Gallon, & More”
Good Data Gets $2 Million for Cloud-Based Business Intelligence
Cambridge, MA-based Good Data wants to do for business intelligence software what Salesforce has done for customer relationship management: put it on the Web and make it easier to use. In theory, that will give more people in an organization the ability to spot business trends and make informed decisions. Today, the 30-person Web 2.0 … Continue reading “Good Data Gets $2 Million for Cloud-Based Business Intelligence”
Genzyme Pursues Multiple Sclerosis Market, Biogen Reports Progress in Same, BG Medicine Swallows $40 Million Cash Bolus, & More Life Sciences News
Lots of news from the bigger players (think Genzyme and Biogen Idec) in the Boston-area life sciences arena last week, plus a peep here and there from the startups. —Alnylam Pharmaceuticals (NASDAQ: [[ticker:ALNY]]), a developer of RNAi-based drugs in Cambridge, MA, extended its collaboration with pharma giant Novartis (NYSE: [[ticker:NVS]]) through October 2009; the deal … Continue reading “Genzyme Pursues Multiple Sclerosis Market, Biogen Reports Progress in Same, BG Medicine Swallows $40 Million Cash Bolus, & More Life Sciences News”
Dendreon Expects Interim Provenge Trial Results in October
Dendreon, the developer of treatments to stimulate the immune system to fight cancer, said today it expects interim results in October from a clinical trial of 500 men with terminal prostate cancer. The Seattle-based biotech company (NASDAQ: [[ticker:DNDN]]) said it hopes to use the data, which looks at whether Provenge can help men with the … Continue reading “Dendreon Expects Interim Provenge Trial Results in October”
Quick Hits with Venture Capitalist Bill Bryant, Partner at Draper Fisher Jurvetson
Bill Bryant is one of the best-known venture capitalists on the local scene. As a tech entrepreneur and angel investor, he’s been involved with startups in the Seattle area for 20 years. In the early 1990s, he was the founding vice president of sales and marketing for Visio, now part of Microsoft. Last October, he … Continue reading “Quick Hits with Venture Capitalist Bill Bryant, Partner at Draper Fisher Jurvetson”
From Garbage to Ethanol: InEnTec’s Method At Heart of $120 Million Refinery
Who needs corn to make ethanol, when we already have plenty of garbage? InEnTec, a small company created by scientists from MIT and the Pacific Northwest National Laboratory in Richland, WA, has taken that idea of creating ethanol from garbage and pushed it for 13 years, to the point where it is now at the … Continue reading “From Garbage to Ethanol: InEnTec’s Method At Heart of $120 Million Refinery”
Stever Robbins on How to Be A Happy Entrepreneur—One Tip, Never Trust a VC
Last Saturday I attended Podcamp Boston 3, a social media conference held at Harvard Medical School’s plush Joseph Martin Conference Center. Podcamp is hard to describe because it’s more like a Web 2.0 meetup or flash mob than like a real conference. The attendees themselves make up the agenda and lead the sessions, the audience … Continue reading “Stever Robbins on How to Be A Happy Entrepreneur—One Tip, Never Trust a VC”
Around the World with Nathan Myhrvold (and His Camera)
This week Nathan Myhrvold published some of the most stunning pictures I’ve seen in a long time. They’re compiled in a photo essay, entitled “Panoramas and Photo Technology from Iceland and Greenland,” on John Brockman’s Edge.org site. Besides the gorgeous scenery, what I found interesting was the technology behind creating these pictures, particularly the panoramic … Continue reading “Around the World with Nathan Myhrvold (and His Camera)”
Biotech Lab Building Boom in Massachusetts
A huge new biotech lab complex is being planned for Burlington, MA, according to a report in the Boston Globe. The proposed $2 billion development is the brainchild of developer Patriot Partners, which is already building out the nearby 96-acre Lexington Technology Park at the site of the old Raytheon headquarters. If realized, the Burlington … Continue reading “Biotech Lab Building Boom in Massachusetts”
Good Data Corporation Obtains $2,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9fb412e-1e30-47f1-9a45-d8f3a6cfb1c7&Preview=1 Date 7/23/2008 Company Name Good Data Corporation Mailing Address One Broadway, 14th Floor Cambridge, MA 02142 Company Description Good Data Corporation was founded with the mission to provide a platform for collaborative analytics. We believe that sharing and teamwork allows our users to move past isolated reports and arrive at the … Continue reading “Good Data Corporation Obtains $2,000,000 New Financing Round”