Akili Interactive Labs, the Boston startup developing mobile video games that aim to assess and treat various cognitive disorders, today picked up more cash and endorsements from big pharma backers as the worlds of software and medicine continue to merge. Akili announced it tacked on $11.9 million to its recent Series B funding round, bringing … Continue reading “Merck, Amgen Invest in Akili as Therapeutic Video Game Moves Ahead”
Synthorx Raises $10M to Expand Use of Synthetic DNA in Biologics
Synthorx, the San Diego synthetic biology startup that expanded the number of DNA base pairs with two synthetic nucleotides, said today it has raised $10 million in a Series B financing round led by RA Capital Management, the Boston life sciences hedge fund. Existing investors Avalon Ventures and Correlation Ventures joined in the round. The … Continue reading “Synthorx Raises $10M to Expand Use of Synthetic DNA in Biologics”
Oncorus Lands $57,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f152cf1-1e2c-4b89-bab1-98e4a0cfa655 Date 7/20/2016 Company Name Oncorus Mailing Address 450 Kendall St. 4th Floor Cambridge, MA 02142 USA Company Description Oncorus, Inc. is an early-stage biotechnology company developing a next-generation immunotherapy platform of oncolytic viruses to treat several types of cancer, including highly malignant and aggressive cancers. Website http://www.oncorus.com Transaction Type Venture Equity … Continue reading “Oncorus Lands $57,000,000 Series A Financing Round”
Akili Interactive Receives $11,900,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0ed598b8-b91f-41ab-b592-bc798ae3e1c8 Date 7/20/2016 Company Name Akili Interactive Mailing Address 501 Boylston Street Boston, MA 02116 USA Company Description Transforming healthcare with clinically-validated digital medicine. Website http://www.akiliinteractive.com Transaction Type Venture Equity Transaction Amount $11,900,000 Transaction Round Series B Proceeds Purposes Akili will use the funds to support and expand clinical development of its … Continue reading “Akili Interactive Receives $11,900,000 Series B Funding”
Verisk Analytics Acquires Greentech Media for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=747f3d26-8a11-4289-8108-2949af17ec05 Date 7/20/2016 Company Name Greentech Media Mailing Address 2 liberty Square Boston, MA 02109 USA Company Description Greentech Media was founded in January 2007 with the vision of creating a fully integrated online-media company comprised of cutting-edge news, in-depth technical research & analysis, and focused industry events. Research and analysis is … Continue reading “Verisk Analytics Acquires Greentech Media for Undisclosed Sum”
Synthorx Obtains $10,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=44eed834-280b-4d12-9ac1-c47bb73bc6ab Date 7/20/2016 Company Name Synthorx Mailing Address 11099 North Torrey Pines Road La Jolla, CA 92037 USA Company Description Synthorx is a biotechnology company using synthetic biology to discover and develop novel therapeutics, diagnostics and vaccines. Website http://www.synthorx.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series B Proceeds Purposes … Continue reading “Synthorx Obtains $10,000,000 Series B Financing”
Unilever Acquires Dollar Shave Club for $1,000,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4915a8c-fe6c-4982-8c9f-1696b8e14394 Date 7/20/2016 Company Name Dollar Shave Club Mailing Address 513 Boccacio Avenue Venice, CA 90409 USA Company Description DollarShaveClub.com sends awesome razors right to your door for a few bucks a months. No more over-paying for brand name razors. No more forgetting to buy them at the store. “Shave Money. Shave … Continue reading “Unilever Acquires Dollar Shave Club for $1,000,000,000”
Zenreach Garners $50,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=410ef4c6-a803-4ec4-bfce-0fad8312c453 Date 7/20/2016 Company Name Zenreach Mailing Address 1 Letterman Dr. Bldg C San Francisco, CA 94129 USA Company Description Zenreach is the most loved, automated and ROI maximizing CRM and marketing solution. We have worked with the top businesses in every city across the US to enhance their customer experience, analyze … Continue reading “Zenreach Garners $50,000,000 New Funding”
Brandcast Garners $13,900,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=86dce1a3-ab67-4635-8b31-286186c3403b Date 7/20/2016 Company Name Brandcast Mailing Address 842 Folsom Street San Francisco, CA 94107 USA Company Description The Brandcast Cloud empowers marketing teams to design, publish and manage their entire website portfolio from complex corporate sites to microsites, mobile sites and landing pages on a single cloud-based platform. Website http://www.brandcast.com Transaction … Continue reading “Brandcast Garners $13,900,000 Series A Financing”
Guideline Secures $7,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2be652ca-9af8-4ae9-aea1-5873b65dd2c8 Date 7/20/2016 Company Name Guideline Mailing Address 200 Park Rd. Burlingame, CA 94010 USA Company Description Guideline 401(k) is an all-inclusive retirement plan for growing businesses that’s easy for employers to set up and even easier for employees to enroll and save. We make smart investing simple. Website http://www.guideline.com Transaction Type … Continue reading “Guideline Secures $7,000,000 Series A Financing Round”
Jolt Lands $2,000,000 Seed Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=84fce84e-4f93-45e6-95f9-7a71d11821ac Date 7/20/2016 Company Name Jolt Mailing Address 550 S California Ave. Palo Alto, CA 94306 USA Company Description Founded with the goal to help companies meet the constant need for employee growth and development, Jolt is an online marketplace that allows companies to book content sessions by leading industry professionals. With … Continue reading “Jolt Lands $2,000,000 Seed Round”
Capriza Obtains $23,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=52ffd322-ab02-4a5e-b86b-a47cf71eca99 Date 7/20/2016 Company Name Capriza Mailing Address 400 Hamilton Avenue Palo Alto, CA 94301 USA Company Description Deliver enterprise mobile apps for SAP, Oracle or Peoplesoft with Capriza’s codeless mobile app development platform. No coding, APIs or application upgrades. Website http://www.capriza.com Transaction Type Venture Equity Transaction Amount $23,000,000 Transaction Round Undisclosed … Continue reading “Capriza Obtains $23,000,000 New Funding”
Pantheon Garners $29,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=505b30f8-a048-4b93-98cb-bd3400d2516a Date 7/20/2016 Company Name Pantheon Mailing Address 301 Folsom St. San Francisco, CA 94105 USA Company Description Pantheon lets you effortlessly develop and run Drupal sites that are fast, stable and secure. Website http://www.getpantheon.com Transaction Type Venture Equity Transaction Amount $29,000,000 Transaction Round Series C Proceeds Purposes Proceeds will fuel the … Continue reading “Pantheon Garners $29,000,000 Series C Financing”
Blue Cedar Networks Obtains $10,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d64f15c7-79c3-406f-bfa6-d66eb53f1d9c Date 7/20/2016 Company Name Blue Cedar Networks Mailing Address 20 California St. San Francisco, CA 94111 USA Company Description Blue Cedar Networks was founded on the principle that the app is the optimal control endpoint for the modern organization. Website http://www.bluecedar.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series … Continue reading “Blue Cedar Networks Obtains $10,000,000 Series A Funding”
Mist Lands $14,400,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5bb723ba-7bef-447e-96f1-d99e84fb9979 Date 7/20/2016 Company Name Mist Mailing Address 1601 S De Anza Blvd. Cupertino, CA 95014 USA Company Description Mobile user experiences at scale enabled by the next generation of intelligent wireless network that leverage micro services & machine learning. Website http://www.mist.com Transaction Type Venture Equity Transaction Amount $14,400,000 Transaction Round Series … Continue reading “Mist Lands $14,400,000 Series A Funding”
Audentes Therapeutics Obtains $75,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8dcfedb6-6193-4a3d-b8f2-e6e6691e44f5 Date 7/20/2016 Company Name Audentes Therapeutics Mailing Address 101 Montgomery Street. San Francisco, CA 94104 USA Company Description Audentes Therapeutics (NASDAQ: BOLD) is a biotechnology company committed to the development and commercialization of innovative new gene therapy treatments for people with serious rare diseases. We are a focused, experienced and passionate … Continue reading “Audentes Therapeutics Obtains $75,000,000 New Funding Round”
Sprinklr Obtains $105,000,000 Series F Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=42c83600-5b70-4cca-948b-6f172f4103ab Date 7/20/2016 Company Name Sprinklr Mailing Address 29 West 35th Street 7th Floor New York, NY 10001 USA Company Description Sprinklr was founded on the core idea that it is not only possible for large enterprises to successfully adapt to the realities of a world dominated by mobile, social, and network-empowered … Continue reading “Sprinklr Obtains $105,000,000 Series F Financing”
NurturMe Lands $3,700,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0112755f-692a-4ec2-b630-4ce0cb2730b8 Date 7/20/2016 Company Name NurturMe Mailing Address P.O. Box 163302 Austin, TX 78716 USA Company Description NurturMe is the first and only family of gluten-free ancient grain-based meals and snacks for little ones. Minimize your baby’s exposure to toxic pesticides that conventional farming uses as a common treatment to kill damaging … Continue reading “NurturMe Lands $3,700,000 New Financing Round”
Zafgen Restructures, Abandons Obesity Drug Following FDA Meeting
Zafgen’s prospects have been unclear ever since two patients died in a Phase 3 trial of its lead drug candidate, beloranib, a potential treatment for obesity in patients with a rare disease known as Prader-Willi Syndrome. The question looming over the Boston company: Could Zafgen win approval of the drug despite its apparent safety risks, … Continue reading “Zafgen Restructures, Abandons Obesity Drug Following FDA Meeting”
Titan Spine CEO: New Medical Billing Code Will Be ‘Big Selling Point’
Last week, Mequon, WI-based Titan Spine made a pair of announcements related to its ongoing effort to commercialize a new line of surgical implants. The first: that Southlake Equity Group, a private equity firm based in Southlake, TX, had made a “substantial” investment in Titan Spine. The second: that the U.S. Centers for Medicare & Medicaid … Continue reading “Titan Spine CEO: New Medical Billing Code Will Be ‘Big Selling Point’”
Invictus Medical, Under Temporary CEO, Pushes Sales and New Products
San Antonio — Effectively pulling off a change in management is no small feat. For Invictus Medical, it may be even more difficult because the departure of its long-time CEO, Tom Roberts, occurred at the same time the company is working to introduce a couple new products and clinch the first sales of its lead … Continue reading “Invictus Medical, Under Temporary CEO, Pushes Sales and New Products”
Rize Emerges With 3D Printer That Makes Easily Refined Parts
A startup’s struggle to stand out in a crowded industry can sometimes get a lift from a distinguishing product feature or the decision to focus on solving a specific problem. That theory will be put to the test with Rize. Today the Boston-area 3D printing startup unveiled what it’s been working on for more than … Continue reading “Rize Emerges With 3D Printer That Makes Easily Refined Parts”
Is the Future of Cybersecurity in M&A?
Last month Symantec announced its plans to buy Blue Coat for $4.7 billion. Has the consolidation—and creation of this enterprise security giant—put immense pressure on other industry players? In an ideal world, and from the perspective of a venture investor, this would absolutely be the case. In 2015, Cybersecurity startups saw 332 funding deals with … Continue reading “Is the Future of Cybersecurity in M&A?”
Oncorus Bags $57M, Touts Next-Gen Take on Cancer-Fighting Viruses
The field of cancer immunotherapy is so crowded and competitive these days that many companies are trying to stand by touting a next-generation approach. The latest company to do so is Oncorus, a Cambridge, MA-based startup that this morning closed a $57 million from a large group of investors. Oncorus was incubated within MPM Capital last year … Continue reading “Oncorus Bags $57M, Touts Next-Gen Take on Cancer-Fighting Viruses”
Zimmer Biomet Enters Robotic Surgery Space with Medtech Deal
Zimmer Biomet is staking out territory in the fast-growing robotic surgery market by acquiring Medtech, a France-based company that has already commercialized robotic systems used in brain and spinal procedures. Warsaw, IN-based Zimmer Biomet (NYSE: [[ticker:ZBH]]) paid an estimated $77 million for a majority stake in Medtech (EURONEXT: [[ticker:ROSA]]), marking its third acquisition in as … Continue reading “Zimmer Biomet Enters Robotic Surgery Space with Medtech Deal”
CommonBond Gets $30M in Equity, $300M in Debt Financing, Acquires Gradible
Just when the online lending scene seemed mired in doldrums and doubt, New York-based CommonBond landed several deals to shake things up. The company announced on Tuesday it raised $30 million, in a Series C equity round led by Neuberger Berman Private Equity, and it also acquired Gradible, a New York-based student loan evaluation company. … Continue reading “CommonBond Gets $30M in Equity, $300M in Debt Financing, Acquires Gradible”
Forum Exodus Continues as CSO Koenig Heads to Quartet
Forum Pharmaceuticals shut down a few weeks ago, and now one of its top executives has resurfaced at a new company. Gerhard Koenig, Forum’s former chief scientific officer and head of research, has been named the CEO of Cambridge, MA-based Quartet Medicine, a startup developing pain drugs. Merck, in January, grabbed an exclusive option to … Continue reading “Forum Exodus Continues as CSO Koenig Heads to Quartet”
Cyber Consolidation: Carbon Black Buys Confer in Endpoint Security
In what could be another sign of a shakeout in the cybersecurity industry, Carbon Black says today it has acquired fellow Boston-area security firm Confer Technologies. The deal has closed, but financial terms weren’t given. Both companies focus on endpoint security—software that helps organizations detect and respond to threats against computers, devices, and servers. Waltham, … Continue reading “Cyber Consolidation: Carbon Black Buys Confer in Endpoint Security”
With Celgene Deal, Jounce Lands $261M And a “Trusting Partner”
It’s getting harder and harder to stand out in the increasingly crowded cancer immunotherapy field. But with a wide-ranging alliance being announced this morning, three-year-old Jounce Therapeutics has been able to make its mark. The Cambridge, MA-based company has inked a deal to work with Summit, NJ-based Celgene (NASDAQ: [[ticker:CELG]]) on a group of experimental … Continue reading “With Celgene Deal, Jounce Lands $261M And a “Trusting Partner””
Ex-Epizyme CEO’s New Startup, Fulcrum, Nabs $55M For Gene Control Drugs
Former Epizyme CEO Robert Gould is back with a new startup. A year after stepping down as the CEO of Cambridge, MA-based Epizyme, Gould has re-emerged to lead another Cambridge company, Fulcrum Therapeutics, which has secured a massive $55 million Series A round from Third Rock Ventures. There are some similarities between Gould’s old job … Continue reading “Ex-Epizyme CEO’s New Startup, Fulcrum, Nabs $55M For Gene Control Drugs”
Neurovance Receives $5,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c6ee3cf6-e031-4d9a-9b2a-45da9e9b9e12 Date 7/19/2016 Company Name Neurovance Mailing Address 43 Thorndike Street Cambridge, MA 02141 USA Company Description Neurovance is a clinical stage neuroscience-focused company. Following development of centanafadine SR (formerly EB-1020 SR) for adult ADHD, Neurovance will develop centanafadine SR for adolescent and pediatric ADHD. Website http://www.neurovance.com Transaction Type Debt Transaction Amount … Continue reading “Neurovance Receives $5,000,000 New Financing”
Cadenza Innovation Secures $5,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d0eee8d5-6094-4a79-921d-48d79b21329a Date 7/19/2016 Company Name Cadenza Innovation Mailing Address 3 Morse Road Oxford, CT 06478 USA Company Description We recognize that every member of the Cadenza Innovation ensemble has a unique perspective and we want to hear it. Our goal is to combine creativity with deep industry knowledge to drive innovative solutions … Continue reading “Cadenza Innovation Secures $5,000,000 Series A Financing”
Carbon Black Acquires Confer for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3265b852-c398-4126-9e05-29addcaeaf21 Date 7/19/2016 Company Name Confer Mailing Address 344 Boylston Street Boston, MA 02116 USA Company Description Confer provides coordinated attack detection, prevention and incident response across endpoints, servers and cloud workloads. Website http://www.confer.net Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms The company’s press release said the … Continue reading “Carbon Black Acquires Confer for Undisclosed Sum”
GuardiCore Garners $20,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8d49e467-1927-4e8f-a072-6d669d63dd3f Date 7/19/2016 Company Name GuardiCore Mailing Address 201 Spear Street San Francisco, CA 94105 USA Company Description GuardiCore is specially designed for today’s software-defined and virtualized data centers and clouds, providing unparalleled visibility, active breach detection and real-time response. Its lightweight architecture scales easily to support the performance requirements of high … Continue reading “GuardiCore Garners $20,000,000 Series B Funding”
Magnetic Insight Secures $3,000,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=537c58b2-a3c2-4996-b461-9b1b2a1c0259 Date 7/19/2016 Company Name Magnetic Insight Mailing Address 980 Atlantic Avenue Alameda, CA 94501 USA Company Description Magnetic Insight is developing solutions in Magnetic Particle Imaging (MPI), a ground-breaking technology that will overcome major deficiencies with current clinical and translational research imaging techniques. Website http://www.magneticinsight.com Transaction Type Venture Equity Transaction Amount … Continue reading “Magnetic Insight Secures $3,000,000 Seed Funding Round”
Kiip Receives $12,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e57c3cc-14dc-4a18-85d4-b085506e30e3 Date 7/19/2016 Company Name Kiip Mailing Address 970 Folsom Street San Francisco, CA 94107 USA Company Description Brands use Kiip to engage their audience during everyday moments. By rewarding people with free samples, special offers, virtual currency or other items, brands build strong connections during these moments. Website http://www.kiip.me Transaction Type … Continue reading “Kiip Receives $12,000,000 Series C Financing”
Skycure Secures $16,500,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7e6fe24c-ac88-4f56-8a46-bd7db74dc388 Date 7/19/2016 Company Name Skycure Mailing Address 599 College Avenue Palo Alto, CA 94306 USA Company Description Skycure seamlessly identifies and notifies users and IT personnel about mobile device attacks, and then applies protection based on IT policy. This is achieved by our patent-pending technology, without meddling with either business or … Continue reading “Skycure Secures $16,500,000 Series B Funding Round”
Gust Garners $14,350,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=57d986fd-81a7-4668-838b-7f0eeccb45f6 Date 7/19/2016 Company Name Gust Mailing Address 44 West 28th Street 7th Floor New York, NY 10001 USA Company Description Gust is a global SaaS funding platform for the sourcing and management of early-stage investments. Gust enables skilled entrepreneurs to collaborate with the smartest investors and angel investor networks by virtually … Continue reading “Gust Garners $14,350,000 New Financing”
CommonBond Receives $330,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=93efcdaa-4c88-4f60-a745-f6fc35fe5d09 Date 7/19/2016 Company Name CommonBond Mailing Address 524 Broadway 6th Floor New York, NY 10012 USA Company Description Refinance your student loans and save with low rates starting at 2.13% APR. Get a no obligation rate quote today. Website http://www.commonbond.co Transaction Type Venture Equity, Debt Transaction Amount $330,000,000 Transaction Round Series … Continue reading “CommonBond Receives $330,000,000 Series C Funding Round”
SmarterHQ Secures $2,680,384 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=665df6fa-414b-4b66-9c04-b8ec13fc1c97 Date 7/19/2016 Company Name SmarterHQ Mailing Address 9102 N. Meridian St. Indianapolis, IN 46260 USA Company Description We want to demystify big data for marketers by providing actionable customer intelligence that drives revenue for the marketer and drives more satisfaction and engagement for the customer. SmarterHQ is among the fastest growing … Continue reading “SmarterHQ Secures $2,680,384 New Funding”
Joylux Obtains $2,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7541a7ad-8728-4339-8b3a-2c1a535698c6 Date 7/19/2016 Company Name Joylux Mailing Address 1126 34th Ave. Seattle, WA 98122 USA Company Description Joylux is an innovative consumer health and wellness company creating transformational LED-focused products that bring joy to the lives of our customers. Website http://www.joyluxinc.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds … Continue reading “Joylux Obtains $2,000,000 New Funding”
Sift Science Lands $30,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=78c37ce8-0f7e-4444-90f9-f382e5051033 Date 7/19/2016 Company Name Sift Science Mailing Address 123 Mission Street 15th Floor San Francisco, CA 94105 USA Company Description Sift Science monitors your site’s traffic in real time and alerts you instantly to fraudulent activity. Website http://www.siftscience.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Series C Proceeds Purposes … Continue reading “Sift Science Lands $30,000,000 Series C Funding”
Doppler Labs Receives $24,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9edb25e9-2347-495d-a758-540c02d5044a Date 7/19/2016 Company Name Doppler Labs Mailing Address 611 Broadway New York, NY 10012 USA Company Description Here One was created by Doppler Labs, a company founded in 2013 with the mission to make computing more immersive and more human. Here One is the result of years of work and is … Continue reading “Doppler Labs Receives $24,000,000 Series B Round”
Roundup: Duo Insight, Digital Undivided, Bug Bounty & More
Here’s a look at innovation news from around Michigan: —Duo Security, the Ann Arbor-based cybersecurity startup that is also one of the state’s fastest growing companies, has released a free tool that lets IT teams run internal phishing simulations within five minutes. Duo Insight allows administrators to identify potential security weaknesses and share them with … Continue reading “Roundup: Duo Insight, Digital Undivided, Bug Bounty & More”
IT Services, Healthcare Attract Most Venture Investment in Texas
Venture capital investments into Texas startups and other high-tech companies totaled $255.6 million in 39 deals for the second quarter this year. The amount invested marked a 16 percent increase from the same period last year, while the number of deals was essentially flat. The state data is from the latest MoneyTree report on venture … Continue reading “IT Services, Healthcare Attract Most Venture Investment in Texas”
Boston Tech Watch: Noncompetes, Funding Blitz, Battery Tech & More
As the weather heats up in the Boston area today, stay cool with the latest local tech headlines: —The Massachusetts Senate passed a bill that puts stronger limits on noncompete agreements than a related bill passed earlier by the House. The Senate version caps noncompetes at three months and requires employers to pay the departed … Continue reading “Boston Tech Watch: Noncompetes, Funding Blitz, Battery Tech & More”
Evoke Pharma’s Stock Sinks on Stomach Drug’s Phase 3 Failure
Evoke Pharma is taking a hit in the markets after announcing a Phase 3 trial on a gastrointestinal drug for diabetes patients failed to meet its goals. In early trading Monday, Evoke’s (NASDAQ: [[ticker:EVOK]]) stock price was down 72 percent to $3.02 per share as of 11:30 a.m. in New York. The company is developing a … Continue reading “Evoke Pharma’s Stock Sinks on Stomach Drug’s Phase 3 Failure”
The Pan-Cancer Screen: Still Early for Prime Time
Imagine you could go to your doctor once a year for a blood test that would detect nearly every common type of cancer at an early stage. If you had a positive result, some further testing could pinpoint the cancer so you could have it treated before it spread. I would be ecstatic to have … Continue reading “The Pan-Cancer Screen: Still Early for Prime Time”
As Purdue Pushes Life Sciences, Foundation Seeks $10M For New Fund
A foundation affiliated with Purdue University in West Lafayette, IN, is raising $10 million for a new venture fund that would help the school’s spinouts. That doesn’t seem like much, but Indiana companies received $53 million in total venture funding last year. Assuming Purdue’s spinouts stay local—according to the school, 75 percent of those founded … Continue reading “As Purdue Pushes Life Sciences, Foundation Seeks $10M For New Fund”
Algorithmia Lands In-Q-Tel Deal, Adds Deep Learning Capabilities
Algorithmia, which runs a public marketplace for algorithms, has just landed a deal to provide a private algorithm-sharing platform for the U.S. intelligence community. The deal with In-Q-Tel, which invests in and procures new technologies for intelligence agencies, comes on the heels of a significant upgrade in capabilities for Algorithmia’s primary business of brokering access … Continue reading “Algorithmia Lands In-Q-Tel Deal, Adds Deep Learning Capabilities”