Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=66be9682-1d73-490e-977d-a1e12ed8a686 Date 8/11/2016 Company Name MemeBox Mailing Address 435 Tasso Street Palo Alto, CA 94301 USA Company Description Memebox curates only the most trusted, best-loved Korean beauty products at everyday prices. An extremely competitive industry, Korean cosmetics are renowned for their unprecedented quality developed through cutting-edge technology. Website http://www.memebox.com Transaction Type Venture … Continue reading “MemeBox Receives $66,000,000 Series C Financing Round”
Protagonist Therapeutics Receives $90,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=539fb93d-87b3-478f-b781-d2609ce9306d Date 8/11/2016 Company Name Protagonist Therapeutics Mailing Address 521 Cottonwood Drive Milpitas, CA 95035 USA Company Description Protagonist Therapeutics (NASDAQ: PTGX) is a biotechnology company pursuing the discovery and development of disulfide-rich peptides (DRPs) as well differentiated alternatives to biologics. Website http://www.protagonist-inc.com Transaction Type IPO Transaction Amount $90,000,000 Transaction Round Undisclosed … Continue reading “Protagonist Therapeutics Receives $90,000,000 New Round”
Viridis Garners $3,200,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cd497d2c-4163-4c04-872a-c0cee0ae3b87 Date 8/11/2016 Company Name Viridis Mailing Address 39 West 29th St. New York, NY 10001 USA Company Description Viridis aims to enhance the quality-of-life, through employability and retention, of 60% of the US workforce (and 80% of the global workforce). Website http://www.viridislearning.com Transaction Type Venture Equity Transaction Amount $3,200,000 Transaction Round … Continue reading “Viridis Garners $3,200,000 Series A Round”
FullContact Secures $25,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5e5a033a-89f5-48c1-9076-658ac04d1b96 Date 8/11/2016 Company Name FullContact Mailing Address 1755 Blake Street Denver, CO 80202 USA Company Description Keep all your contacts in one place and automatically up-to-date with the FullContact Address Book. Website http://www.fullcontact.com Transaction Type Venture Equity Transaction Amount $25,000,000 Transaction Round Undisclosed Proceeds Purposes This capital helps us achieve our … Continue reading “FullContact Secures $25,000,000 New Financing”
JumpCloud Garners $4,250,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a5dc9931-9644-4b2b-b84c-efe2e9e5b272 Date 8/11/2016 Company Name JumpCloud Mailing Address 2040 14th St. Boulder, CO 80302 USA Company Description DevOps is transforming the IT landscape. With key drivers such as cloud/virtualization, software-defined networking, and Agile, DevOps is a methodology that integrates cross-functional teams to deliver higher quality, more efficient, and innovative software and applications. … Continue reading “JumpCloud Garners $4,250,000 New Funding Round”
Alafair Biosciences Receives $2,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dd8c7417-afdd-4074-a79a-cd71b71870e0 Date 8/11/2016 Company Name Alafair Biosciences Mailing Address 3925 West Braker Lane Austin, TX 78759 USA Company Description Alafair Biosciences creates products that solve the post surgical tissue adhesion problem. Website http://www.alafairbiosciences.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Series A Proceeds Purposes This funding will support the launch … Continue reading “Alafair Biosciences Receives $2,000,000 Series A Financing”
Newly Public Acacia Targets Data Centers, Wants to Be the Next Intel
They are the few, the proud, the tech companies that have gone public this year. Acacia Communications is one of them. The Maynard, MA-based networking company (NASDAQ: [[ticker:ACIA]]) raised $103.5 million in its IPO in May. That remains the Boston area’s only tech IPO of 2016. Meanwhile, San Francisco-based software firm Twilio went public in … Continue reading “Newly Public Acacia Targets Data Centers, Wants to Be the Next Intel”
ORIC Hires Genentech’s Hanna as CEO, Adds New Chief Business Officer
South San Francisco, CA-based ORIC Pharmaceuticals has named Ashraf Hanna its CEO, replacing Rich Heyman, who helped ORIC raise a $53 million Series B in December while filling the role on an interim basis. Hanna was previously a commercial and medical affairs executive at Genentech, as well as the CFO of the Genentech Foundation. Heyman … Continue reading “ORIC Hires Genentech’s Hanna as CEO, Adds New Chief Business Officer”
Gemphire’s Delayed $30M IPO Will Pay for Trials of Cholesterol Drug
After a series of delays partly caused by Brexit-inspired stock market volatility, Northville, MI-based biotech startup Gemphire Therapeutics (NASDAQ: [[ticker:GEMP]]) has successfully completed its initial public offering. The good news is the IPO gave Gemphire, which ended the first quarter with just $1.6 million in cash, some needed financial breathing room. The bad news is … Continue reading “Gemphire’s Delayed $30M IPO Will Pay for Trials of Cholesterol Drug”
Heron Gains FDA Support For Nausea Drug After A Year Under Review
The decision that Heron Therapeutics has been waiting on for almost a year is finally in: The FDA has approved the Redwood City, CA-based company’s drug for nausea and vomiting associated with certain chemotherapy regimens. Heron (NASDAQ: [[ticker:HRTX]]) first submitted a new drug application for the treatment, granisetron (Sustol), to the FDA in September 2015. … Continue reading “Heron Gains FDA Support For Nausea Drug After A Year Under Review”
Gary Hayslip on the City of San Diego as Cybersecurity Test Bed
When Xconomy convened a dinner discussion earlier this year that included prominent San Diego cybersecurity innovators, startup founders, and system administrators, I was stunned to learn that Gary Hayslip oversees an IT network that blocks an average of 800,000 cyber attacks a day. Hayslip is deputy director and chief information security officer (CISO) for the … Continue reading “Gary Hayslip on the City of San Diego as Cybersecurity Test Bed”
Comcast, VCs Pour $56M Into Virtual-Assistant Firm Interactions
Here’s an interesting trend worth watching: investors are pumping money into a variety of technologies aimed at improving businesses’ customer service operations. It’s not the sexiest of industries, perhaps, but we’ll all be thankful if these bets help smooth out what’s typically a frustrating and time-consuming experience for consumers. What’s even more compelling is the … Continue reading “Comcast, VCs Pour $56M Into Virtual-Assistant Firm Interactions”
NextVR Receives $80,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e401f18d-4aea-48ee-bdf4-e1b7a57dea43 Date 8/10/2016 Company Name NextVR Mailing Address 345 Third St. Laguna Beach, CA 92651 USA Company Description NextVR is a pioneer in capturing and delivering immersive, high-definition, live and recorded virtual reality experiences. Website http://www.nextvr.com Transaction Type Venture Equity Transaction Amount $80,000,000 Transaction Round Series B Proceeds Purposes The new funding … Continue reading “NextVR Receives $80,000,000 Series B Financing”
Intel Acquires Nervana Systems for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7b3e68a7-e6ce-4a42-9798-81d5aa7b26fb Date 8/10/2016 Company Name Nervana Systems Mailing Address 6440 Lusk Blvd. San Diego, CA 92121 USA Company Description Founded by experts in machine learning, neuroscience, processor architecture, and chip design, Nervana Systems is bringing unprecedented scale and simplicity to the application of brain-inspired algorithms. Website http://www.nervanasys.com Transaction Type M&A Transaction Amount … Continue reading “Intel Acquires Nervana Systems for Undisclosed Sum”
Arborlight Garners $502,822 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d838d310-4e4e-4e39-8cf3-eccdad13a668 Date 8/10/2016 Company Name Arborlight Mailing Address 46701 Commerce Center Drive Plymouth, MI 48170 USA Company Description LightWell is an LED based Daylight Emulation product suited for high impact spaces that cannot access natural daylight but want that sense of daylight. Website http://www.arborlight.com Transaction Type Debt Transaction Amount $502,822 Transaction Round … Continue reading “Arborlight Garners $502,822 New Funding Round”
MapR Technologies Lands $50,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=469cbaa8-bd32-4218-b90d-2feb0ed2c155 Date 8/10/2016 Company Name MapR Technologies Mailing Address 350 Holger Way San Jose, CA 95134 USA Company Description MapR’s breakthroughs make Hadoop more reliable, more affordable, more manageable and significantly easier to use. Website http://www.mapr.com Transaction Type Venture Equity Transaction Amount $50,000,000 Transaction Round Undisclosed Proceeds Purposes This new funding strengthens … Continue reading “MapR Technologies Lands $50,000,000 New Funding Round”
Engagio Receives $22,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f40a8160-711b-4dbd-9c5f-355ba791b230 Date 8/10/2016 Company Name Engagio Mailing Address 37 E 4th Avenue San Mateo, CA 94401 USA Company Description Marketing software purpose-built to help companies with complex, enterprise sales to engage target accounts and deepen sales-and-marketing alignment. Website http://www.engagio.com Transaction Type Venture Equity Transaction Amount $22,000,000 Transaction Round Series B Proceeds Purposes … Continue reading “Engagio Receives $22,000,000 Series B Financing Round”
Finexio Receives $1,000,000 Seed Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d175b980-0072-4ec3-8eb5-44100f76f554 Date 8/10/2016 Company Name Finexio Mailing Address 55 E. 3rd Ave. San Mateo, CA 94401 USA Company Description Finexio is the smart B2B payment network. The Finexio network eliminates commercial paper check spend by identifying and routing payments through a unique network of closed loop networks. Website http://www.finexio.com Transaction Type Venture … Continue reading “Finexio Receives $1,000,000 Seed Financing Round”
Fitmark Obtains New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=372d8e25-4808-4527-88a8-45a49436d2f1 Date 8/10/2016 Company Name Fitmark Mailing Address 1350 Bayshore Hwy Burlingame, CA 94010 USA Company Description We create high-quality, functional bags for fitness enthusiasts. That’s our passion, our sole purpose. We don’t make shoes or shirts. We don’t sell hats or supplements. We craft bags. Exclusive bags that seamlessly integrate form … Continue reading “Fitmark Obtains New Financing”
Workit Health Receives $1,100,000 Seed Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e4d7e02b-06b9-475b-9421-5f3f129bb53f Date 8/10/2016 Company Name Workit Health Mailing Address 344 20th Street Oakland, CA 94612 USA Company Description Workit Health is building a recovery experience we all want and deserve. We’re a group of mission-driven recovery enthusiasts who believe authenticity and innovation are the keys to revolutionizing the treatment industry. Website http://www.workithealth.com … Continue reading “Workit Health Receives $1,100,000 Seed Financing Round”
Iconic Therapeutics Lands $10,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dfc81ac7-0f0b-40b0-8404-972274eb8d52 Date 8/10/2016 Company Name Iconic Therapeutics Mailing Address 395 Oyster Point Boulevard South San Francisco, CA 94080 USA Company Description Iconic Therapeutics develops and commercializes immunoconjugate proteins that trigger the immune system to destroy invader cells. Website http://www.iconictherapeutics.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series C Proceeds Purposes … Continue reading “Iconic Therapeutics Lands $10,000,000 Series C Financing”
SmartCAT Receives $2,800,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=484491b0-c8d5-4a0c-8a58-df31d2101731 Date 8/10/2016 Company Name SmartCAT Mailing Address 880 North Mccarthy Blvd. Milpitas, CA 95035 USA Company Description SmartCAT stands to change the way companies expand into new markets by introducing the first cloud platform for translation automation, with direct access to 50,000 language professionals on demand. Website http://www.smartcat.ai Transaction Type Venture … Continue reading “SmartCAT Receives $2,800,000 Seed Funding Round”
First Access Secures $750,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e9af0fe1-c353-45ac-902e-c14a867132df Date 8/10/2016 Company Name First Access Mailing Address 601 West 26th Street New York, NY 10001 USA Company Description First Access sells an instant, SMS-based recommended loan size, which serves as a proxy for a credit score in informal markets where there is no other alternative. Website http://www.firstaccessmarket.com Transaction Type Debt … Continue reading “First Access Secures $750,000 New Funding Round”
Data Software Startup MapR Raises $50M, Signals IPO Plans
MapR, one of the data management companies vying to help businesses grapple with the onslaught of information they process and store, announced a $50 million equity financing today and revealed that it’s considering an initial public offering. San Jose, CA-based MapR, a competitor to Cloudera and Hortonworks, sells software designed to integrate the data that … Continue reading “Data Software Startup MapR Raises $50M, Signals IPO Plans”
EyeKor Stares Down $600K to Develop Clinical Trial Software
EyeKor, a developer of software for managing clinical trials of therapeutics for ocular diseases, has raised $600,000 in equity funding from five investors, according to a regulatory filing. The Madison, WI-based company’s flagship product, called Excelsior, is a cloud-based software-as-a-service (SaaS) platform that helps researchers collect and interpret ophthalmic data. Excelsior, which in 2013 received … Continue reading “EyeKor Stares Down $600K to Develop Clinical Trial Software”
WA State’s Healthcare Transformation Checkup: How Are We Feeling Today?
We all know (or should know by now) that healthcare is undergoing a historic transformation into a digital consumer service. Consumers will soon expect to comparison shop health providers the same as they would for travel, banking, real estate or consumer goods. Health providers that develop the right formula of value—publishing reference pricing and outcomes … Continue reading “WA State’s Healthcare Transformation Checkup: How Are We Feeling Today?”
As Monster Gets Eaten by Dutch Firm Randstad, a Dot-Com Pillar Falls
Another dot-com era relic has been acquired for a pittance compared with what it was worth in its heyday. Monster Worldwide (NYSE: [[ticker:MWW]]), the parent company of job search website Monster.com, has agreed to be snapped up for $429 million by Randstad Holding, an Amsterdam-based firm that provides staffing and other human resources services. Under … Continue reading “As Monster Gets Eaten by Dutch Firm Randstad, a Dot-Com Pillar Falls”
Inspyr Seeks Clinical Partner for Cash After New Name, Exec Hires
San Antonio — Inspyr is a biotech in need of a turnaround. Chris Lowe, the CEO who was officially hired this month to replace co-founder Craig Dionne, is hoping a deal with another drug developer can help make a U-turn in the business. The 12-year-old San Antonio-based company has results from a Phase 2 trial … Continue reading “Inspyr Seeks Clinical Partner for Cash After New Name, Exec Hires”
Aldeyra Surges on New Data, Another Step For Inflammation Drug
Step by step, a small biotech called Aldeyra Therapeutics has been trying to build a case for a new type of inflammation-fighting medicine. Data released this morning by the Lexington, MA-based company continue to support the idea. Aldeyra said its drug, a medicine called NS2 meant to “trap” toxic aldehyde molecules, succeeded in a mid-stage … Continue reading “Aldeyra Surges on New Data, Another Step For Inflammation Drug”
How Will Apple Innovate Beyond the iPhone 7? With Next-Gen Siri
Apple’s iPhone 7 is due out next month. According to the Wall Street Journal, PFWTMs (“people familiar with the matter”) say the new device will look pretty much the same as the iPhone 6s. The biggest change: no more headphone plug. Customers who want to listen to music or podcasts on their iPhones will need … Continue reading “How Will Apple Innovate Beyond the iPhone 7? With Next-Gen Siri”
Xconomy Q&A: Vuforia, Pokémon Go, and Augmented Reality
Talk about auspicious timing. It’s been less than a year since Needham, MA-based PTC (NASDAQ: [[ticker:PTC]]) shelled out $65 million to acquire Vuforia, the augmented reality technology created by San Diego-based Qualcomm (NASDAQ: [[ticker:QCOM]]). Qualcomm had worked to develop its Vuforia technology for at least five years before a maturing smartphone market and new economic … Continue reading “Xconomy Q&A: Vuforia, Pokémon Go, and Augmented Reality”
Roundup: Owlchemy, TheWaveVR, Fe3 Medical, & Rackspace Buyout?
Let’s catch up with the latest innovation news from Xconomy Texas. —Rackspace Hosting, the San Antonio, TX-based cloud computing company, is reportedly nearing a sale to a New York-based private equity firm. Reuters has reported that Apollo Global Management (NYSE: [[ticker:APO]]) is considering a $3.5 billion offer for Rackspace (NYSE: [[ticker:RAX]]). In 2014, the company … Continue reading “Roundup: Owlchemy, TheWaveVR, Fe3 Medical, & Rackspace Buyout?”
ProcessUnity Secures $5,199,997 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2fd89e53-5b03-4691-926f-a9417f93aed7 Date 8/9/2016 Company Name ProcessUnity Mailing Address 33 Bradford Street Concord, MA 01742 USA Company Description ProcessUnity is a leading provider of cloud-based applications for risk management and service delivery management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to … Continue reading “ProcessUnity Secures $5,199,997 New Round”
Mirabilis Medica Garners $5,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b16d515-99ed-44d7-a821-fa64b3362813 Date 8/9/2016 Company Name Mirabilis Medica Mailing Address 18706 North Creek Parkway Bothell, WA 98011 USA Company Description Mirabilis’ patented technology employs therapeutic ultrasound under real-time guidance of imaging ultrasound. This leading-edge technology is designed to allow a physician to treat pathological tissue deep inside the body without incisions, punctures or … Continue reading “Mirabilis Medica Garners $5,000,000 New Funding”
Aligned TeleHealth Lands $12,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e6d2647-5a2d-4388-aa42-5208d1d15e9f Date 8/9/2016 Company Name Aligned TeleHealth Mailing Address 26135 Mureau Rd. Calabasas, CA 91302 USA Company Description Aligned TeleHealth is a rapidly growing telemedicine & healthcare management company providing clinical services through highly innovative techniques nationwide. We provide a variety of clinical services and strongly specialize in psychiatric consultation services. Website … Continue reading “Aligned TeleHealth Lands $12,000,000 Series A Financing”
Airbnb Receives $850,000,000 Series F Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=106adb41-c8a2-4bac-baca-8af8407f5c9b Date 8/9/2016 Company Name Airbnb Mailing Address 888 Brannan Street San Francisco, CA 94103 USA Company Description Rent unique accommodations from local hosts in 190+ countries. Feel at home anywhere you go in the world with Airbnb. Website http://www.airbnb.com Transaction Type Venture Equity Transaction Amount $850,000,000 Transaction Round Series F Proceeds … Continue reading “Airbnb Receives $850,000,000 Series F Funding”
Cleave Biosciences Receives $37,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cfe1d3aa-f905-4b52-b39b-c3c61252cf02 Date 8/9/2016 Company Name Cleave Biosciences Mailing Address 866 Malcolm Burlingame, CA 94010 USA Company Description Cleave Biosciences is focused on targets in cellular protein homeostasis pathways controlled by the ubiquitin proteasome and the autophagy systems, which are utilized by cancer cells in their growth and survival. Website http://www.cleavebio.com Transaction Type … Continue reading “Cleave Biosciences Receives $37,000,000 Series B Financing”
HashRabbit Secures $1,646,500 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c4cd1e94-fa62-406c-89e8-e51c5bd1c23e Date 8/9/2016 Company Name HashRabbit Mailing Address Undisclosed San Francisco, CA 94101 USA Company Description HashRabbit is a bitcoin mining platform that provides an easy-to-use interface to maximize efficiency, reduce downtime, and increase profits. Website http://www.hashrabbit.co Transaction Type Venture Equity Transaction Amount $1,646,500 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “HashRabbit Secures $1,646,500 New Financing”
California Agency Awards Humacyte $9.9M for Blood Vessel Technology
Humacyte hopes its regenerative medicine approach to blood vessels can offer a better and longer-lasting alternative to synthetic implants used to replace blocked veins. Now it has $9.9 million more to support its work in late-stage clinical trials. The Durham, NC-based biotech company said Monday that it has received $9.9 million from the California Institute … Continue reading “California Agency Awards Humacyte $9.9M for Blood Vessel Technology”
Analysis: With a Tight Smile, Trump Details Economic Plan in Detroit
I wasn’t sure what to expect when Republican presidential nominee Donald Trump and his running-mate, Indiana governor Mike Pence, were the featured speakers at a Detroit Economic Club luncheon today. Trump has spent most of the summer lurching from one controversy to another, but in Detroit, he appeared to be well-coached and almost singularly focused … Continue reading “Analysis: With a Tight Smile, Trump Details Economic Plan in Detroit”
Cleave Bio Gets $37M From Celgene, Others For Clinical Push
Celgene has taken an interest in another budding biotech. The big Summit, NJ, drugmaker joined with a group of venture capitalists to give Cleave Biosciences a $37 million Series B round to help pay for the startup’s first human clinical studies. Burlingame, CA-based Cleave is developing an experimental cancer drug, CB-5083, that is currently in … Continue reading “Cleave Bio Gets $37M From Celgene, Others For Clinical Push”
Brookings Report, Imbed, & Coinigy: This Week’s Wisconsin Watchlist
Keep up with the latest news from Wisconsin’s innovation community with these recent headlines: —The Washington-based Brookings Institution released a report on trends in what the think tank calls “America’s advanced industries,” a group of 50 sectors with large numbers of STEM professionals. Madison, the 88th largest metropolitan area in the U.S. by population, was … Continue reading “Brookings Report, Imbed, & Coinigy: This Week’s Wisconsin Watchlist”
Xconomy’s EXOME Presents: Boston’s Life Science Disruptors
Disruption in biotech can come in different forms, from new technologies that can change the face of medicine, to ideas and initiatives that can challenge the status quo. Boston has both of these in spades, with ambitious biotech startups bent on transforming drug development and industry leaders unafraid to tackle the sector’s toughest issues. But … Continue reading “Xconomy’s EXOME Presents: Boston’s Life Science Disruptors”
Austin VR Gaming Startup Owlchemy Brings in $5M from Investors
Austin—Virtual reality startup Owlchemy Labs has raised $5 million in Series A funding from investors such as Qualcomm Ventures, The Venture Reality Fund, HTC, Colopl Next, and Capital Factory. The startup is best known for its “Job Simulator” game, which is paired with the HTC Vive virtual reality headset. CEO Alex Schwartz says the startup … Continue reading “Austin VR Gaming Startup Owlchemy Brings in $5M from Investors”
Walmart Makes It Official, Acquires Jet.com for $3 Billion
After word leaked last night via Recode, Walmart officially announced Monday in an e-mailed statement that it has agreed to acquire Hoboken, NJ-based e-commerce site Jet.com for $3 billion cash, a strategic move touted by some as a way for the big box retailer to be more competitive with Amazon. Further sweetening the deal, Walmart said it will pay … Continue reading “Walmart Makes It Official, Acquires Jet.com for $3 Billion”
Proteostasis Expands C-Suite, Adds Three New Execs
Cambridge, MA-based Proteostasis Therapeutics (NASDAQ: [[ticker:PTI]]) appointed three new members to its executive team. James DeTore (Bluebird Bio’s (NASDAQ: [[ticker:BLUE]]) former chief financial officer) is Proteostasis’s new CFO; Geoffrey Gilmartin (most recently a medical lead at AstraZeneca) is the company’s chief development officer; and Marija Zecevic (founder of consulting firm Zebra Ventures) is heading up … Continue reading “Proteostasis Expands C-Suite, Adds Three New Execs”
Untethered Summit to Look at Managing the BYOD Landscape
A few years ago, the hottest trend in workplace innovation was Bring Your Own Device (BYOD), which called for large corporations to allow employees to use their personal smartphones, computers, and other devices at work as a way to open up innovation and collaboration. Companies are unable to prevent employees from bringing their devices to … Continue reading “Untethered Summit to Look at Managing the BYOD Landscape”
Texas Government Adds $3.5M to Fe3 Series B for Anemia Treatment
San Antonio — Fe3 Medical, a startup housed at the InCube Labs facility in San Antonio, has added $3.5 million to the Series B funding round it announced in March, bringing the total to $14.5 million. The add-on to the Series B came from the state of Texas, which also invested $2.8 million in Fe3 … Continue reading “Texas Government Adds $3.5M to Fe3 Series B for Anemia Treatment”
Celgene Passes on Acetylon as Another Option-to-Buy Deal Flames Out
The option-to-buy deal, in biotech, is a way to hedge a bet. A big firm will pay a fee for the right to acquire a smaller company later on, with the big bucks coming only if the acquisition is triggered. An option isn’t a guarantee, however; a big company can always pass on a buyout, … Continue reading “Celgene Passes on Acetylon as Another Option-to-Buy Deal Flames Out”
MEI Pharma Partners with Helsinn on Drug with Potential $464M Payoff
After reporting encouraging news last week from a mid-stage trial of its lead anti-cancer drug, San Diego’s MEI Pharma (NASDAQ: [[ticker:MEIP]]) said it has signed a drug development deal with the Swiss pharmaceutical group Helsinn that could eventually be worth over $464 million. Under terms of their agreement announced today, Helsinn will pay MEI $15 … Continue reading “MEI Pharma Partners with Helsinn on Drug with Potential $464M Payoff”