Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=04448942-7cbc-425e-b618-cbd716ed4df6 Date 5/11/2016 Company Name Beroe Mailing Address 338 Raleigh Street Holly Springs, NC 27540 USA Company Description Beroe acts as an extension of your procurement office, offering deep expertise and comprehensive resources within our primary industries. This allows us to provide robust, predictive, real time intelligence and insights. Website http://www.beroeinc.com Transaction … Continue reading “Beroe Garners $10,000,000 New Round”
Bolt Threads Secures $50,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bcdde551-f711-4ee8-847b-7a74f245a499 Date 5/11/2016 Company Name Bolt Threads Mailing Address 5858 Horton St. Emeryville, CA 94608 USA Company Description We believe that answers to our most vexing problems can be found in nature. Every day we’re inspired by the amazing materials we work with, and driven by the desire to turn these materials … Continue reading “Bolt Threads Secures $50,000,000 Series C Funding Round”
Stemina Gives Update on Autism Study, Tweaks Business Structure
Stemina Biomarker Discovery, a Madison, WI-based startup that is developing a blood-based test for diagnosing autism spectrum disorder (ASD), announced a trio of updates about its business on Tuesday: —More than 200 patients have enrolled in Stemina’s study of its experimental autism test that measures residues in the blood called metabolites. Early data from the … Continue reading “Stemina Gives Update on Autism Study, Tweaks Business Structure”
After ExactTarget: Salesforce Plans $40M Indy Expansion, 800 Hires
Salesforce is hiring more than 800 people in Indianapolis during the next five years as part of its plan to spend $40 million expanding its regional headquarters in the city over the next decade, the company said in a statement this month. The San Francisco-based company already employs about 1,000 people in Indianapolis, and more … Continue reading “After ExactTarget: Salesforce Plans $40M Indy Expansion, 800 Hires”
SmartUQ Raises $750K More to Develop Simulation Analytics Software
SmartUQ, a Madison, WI-based startup whose software allows users to test the performance of parts and products before manufacturing them on a large scale, has raised $750,000 in equity financing, according to an SEC filing. Peter Qian, SmartUQ’s founder and chief scientist, says some of the new funding will go toward research and development, as … Continue reading “SmartUQ Raises $750K More to Develop Simulation Analytics Software”
What Now: Austin Looks for Ways to Bring Back Ride-Hailing Services
Austin—Uber and Lyft both suspended service in Austin Monday morning following the defeat their bid to eliminate driver fingerprinting requirements, among other measurements. In a Saturday referendum, Austin voters opted to uphold the city’s rules on the ride-hailing companies’ employees with a 56 percent margin. Immediately after the votes were counted, Uber and Lyft announced … Continue reading “What Now: Austin Looks for Ways to Bring Back Ride-Hailing Services”
Finance Platform YieldStreet Trying to Democratize Asset-Based Lending
Everyone wants to see their money grow, but relying on the whims of the stock market is not the only way to build wealth these days. Milind Mehere says his company’s alternative lending marketplace and finance platform aims to create access to different types of investment opportunities. New York-based YieldStreet lets accredited investors, as defined by federal … Continue reading “Finance Platform YieldStreet Trying to Democratize Asset-Based Lending”
MGH Goes Epic: What I Learned in the Trenches
On April 2 at Massachusetts General Hospital (MGH), the green charts went away. Every morning around 6:30 am since starting residency, my co-interns and I had frantically scrambled around the halls searching for these plastic binders, which contained the sole record of our patients’ vital signs. It was a ritual that blended equal parts anxiety, … Continue reading “MGH Goes Epic: What I Learned in the Trenches”
Watching the Web: Dyn Goes Big With $50M Growth Round
In one of the year’s largest funding rounds for New England tech, Dyn said today it has raised $50 million in new growth financing. The deal says a lot about where the Manchester, NH-based company is heading, along with the world of Internet traffic and performance monitoring—particularly in an era of increasingly complex IT tools … Continue reading “Watching the Web: Dyn Goes Big With $50M Growth Round”
Across The Board: Ideas To Narrow Biotech’s Gender Gap
The evidence is piling up. Companies with more women in charge are better businesses. So why are so many biotechs still led mainly by men? Saira Ramasastry, a former Merrill Lynch analyst, is now a Bay Area consultant on the boards of three biotechs, including Sangamo Biosciences (NASDAQ: [[ticker:SGMO]]). Having benefited from female mentors such … Continue reading “Across The Board: Ideas To Narrow Biotech’s Gender Gap”
As Costs Soar in Silicon Valley, San Diego Looks for Startup Gains
Venture capital continues to gush into Silicon Valley, but is the Bay Area’s decades-long startup boom sustainable? Talk in the valley has turned increasingly gloomy amid signs that its phenomenal tech boom—like Moore’s law itself—is bumping against its upper limits. One perspective in this conversation comes from Redpoint Ventures partner Tomasz Tunguz. In a post … Continue reading “As Costs Soar in Silicon Valley, San Diego Looks for Startup Gains”
PureTech’s Alivio Debuts With Drug-Delivery Gel for Inflammation
Biotech company creator PureTech Health is celebrating Mother’s Day with twins. Hours after announcing its newest spinout, a cell therapy-focused startup, the company says it is launching Alivio Therapeutics to develop a therapy for chronic and acute inflammation. Alivio has a hydrogel material that it said is designed to adhere to inflamed tissue and deliver … Continue reading “PureTech’s Alivio Debuts With Drug-Delivery Gel for Inflammation”
Dyn Obtains $50,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=336fdfce-8342-42a1-904e-7b2f7ed20d0e Date 5/10/2016 Company Name Dyn Mailing Address 150 Dow Street – Tower Two Manchester, NH 03101 USA Company Description Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure using a best-in-class anycast DNS network and peerless network performance monitoring to provide managed DNS services, … Continue reading “Dyn Obtains $50,000,000 Series B Financing”
Tradesy Garners $30,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=647dd3b7-656f-4989-b49b-f82a3b460576 Date 5/10/2016 Company Name Tradesy Mailing Address 1217 2nd Street 3rd Floor Santa Monica, CA 90401 USA Company Description Tradesy is a new fashion recommerce site from the creator of the highly popular site, Recycled Bride. Website http://www.tradesy.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Undisclosed Proceeds Purposes Tradesy … Continue reading “Tradesy Garners $30,000,000 New Financing”
Bigcommerce Lands $30,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97af32d0-2565-40c4-8073-79f53c82e3c4 Date 5/10/2016 Company Name Bigcommerce Mailing Address 685 Market St. San Francisco, CA 94105 USA Company Description Bigcommerce is a true all-in-one ecommerce platform with the power to grow your business & help you sell more. Website http://www.bigcommerce.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Undisclosed Proceeds Purposes This … Continue reading “Bigcommerce Lands $30,000,000 New Financing”
Simplee Obtains $20,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a9d80bb7-0b9e-4644-858b-96939f3a42b1 Date 5/10/2016 Company Name Simplee Mailing Address 480 S. California Ave. Palo Alto, CA 94306 USA Company Description Our mission is to help you understand and manage health care expenses. Simplee aims to empower you with tools and insights to optimize your health care benefits and lower your health care costs. … Continue reading “Simplee Obtains $20,000,000 Series C Round”
Rancher Labs Obtains $20,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2bb6a2e3-cbb1-4266-973f-c38718387fff Date 5/10/2016 Company Name Rancher Labs Mailing Address 10050 N Wolfe Road Cupertino, CA 95014 USA Company Description Containers are incredible and Rancher makes operating them a breeze. Grab whatever computing hosts are convenient, connect to your registry, and start deploying services. Website http://www.rancher.com Transaction Type Venture Equity Transaction Amount $20,000,000 … Continue reading “Rancher Labs Obtains $20,000,000 Series B Funding Round”
Vera Lands $2,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c9f26134-8c84-4c2d-bfed-cd551bfdd450 Date 5/10/2016 Company Name Vera Mailing Address 318 Cambridge Avenue Palo Alto, CA 94306 USA Company Description Vera secures any kind of data, wherever it goes. Your need to protect confidential data extends past the borders of your business. With Vera, you can protect any kind of data – from Office … Continue reading “Vera Lands $2,000,000 New Funding”
Indiegogo Acquires Celery for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8ac728a2-1cc6-40f5-a0c3-55a3ad388c9a Date 5/10/2016 Company Name Celery Mailing Address Undisclosed San Francisco, CA 94105 USA Company Description Celery is a pre-order platform that brings your products to life. Use Celery for your pre-order, custom crowdfunding, and e-commerce needs. Website http://www.trycelery.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial … Continue reading “Indiegogo Acquires Celery for Undisclosed Sum”
LabCorp Launches Colorectal Cancer Test, But Key Hurdles Remain
The market for colorectal cancer tests that are less cumbersome than colonoscopies is getting more crowded. LabCorp announced the launch of a blood-based colorectal cancer test on Monday, which will pit it against other makers of non-invasive diagnostics for such diseases, including Madison, WI-based Exact Sciences (NASDAQ: [[ticker:EXAS]]). Burlington, NC-based LabCorp (NYSE: [[ticker:LH]]) has worked … Continue reading “LabCorp Launches Colorectal Cancer Test, But Key Hurdles Remain”
With Jobs on Horizon, San Antonio Cybersecurity Firm Funds Nonprofit
San Antonio—While job prospects abound in IT, especially in subsets like cybersecurity, a pretty simple question remains: Is there enough training available to provide people the skills to fill those jobs? The rise of coding schools is helping take care of the demand for software developers, a position that’s projected to rise 17 percent by … Continue reading “With Jobs on Horizon, San Antonio Cybersecurity Firm Funds Nonprofit”
Roundup: MSU and U-M Startups, DEVELOP(her), Hatch Detroit & More
Here’s a look at startup and innovation news from around Michigan: —On April 13, three startup teams from Michigan State University hit Chicago for the National Automatic Merchandising Association OneShow event, a food service and vending trade show, to compete in the Swim with the Sharks pitch contest. Bringitt, a peer-to-peer shipping network; Ineed, an app … Continue reading “Roundup: MSU and U-M Startups, DEVELOP(her), Hatch Detroit & More”
From Appboy to VTS: A New York Funding Roundup
Springtime has brought to the city a batch of recent funding for local startups across industries from mobile to real estate. —New York-based commercial real estate technology developer VTS, which created an asset management and leasing platform, closed on a $55 million funding round led by Insight Venture Partners, with prior investors OpenView and Trinity Ventures … Continue reading “From Appboy to VTS: A New York Funding Roundup”
“Silicon Valley” Tech Actually Made by Massachusetts Companies
The Boston tech community thinks of itself as a net exporter of innovation—and that includes to places like Hollywood. Those of you watching this season’s “Silicon Valley” TV show will be interested to learn that “the box” product being made by the fictional startup Pied Piper is based on a Massachusetts company’s design. That would … Continue reading ““Silicon Valley” Tech Actually Made by Massachusetts Companies”
PureTech Gets into Cell Therapy With Vor Bio, But Keeps Details Close
PureTech Health tends to form companies at the nexus of a few different disciplines, like music as a therapy or video games to help diagnose neurological disease. But today it’s gone the more traditional biotech route and formed an oncology company—specifically, a startup called Vor BioPharma trying to stand out in the competitive, fast-moving field … Continue reading “PureTech Gets into Cell Therapy With Vor Bio, But Keeps Details Close”
Ariad Sells Off Europe Hub, Drug Rights in $140M Incyte Deal
Ariad Pharmaceuticals has been in the midst of a strategic overhaul under a new management regime, and today that effort has resulted in a big transaction. Incyte has just cut a deal to acquire all of Ariad’s assets in Europe, and some rights to the Cambridge, MA-based company’s flagship drug as well. Incyte (NASDAQ: [[ticker:INCY]]) … Continue reading “Ariad Sells Off Europe Hub, Drug Rights in $140M Incyte Deal”
Veering Off Topic With CloudLock CEO Gil Zimmermann
[Updated 5/10/16, 4:18 p.m. See below.] Next up in my series of meandering conversations with tech leaders: CloudLock CEO Gil Zimmermann. Zimmermann co-founded the cloud security software company in 2007 as Aprigo and shifted it to its current name and product focus in 2011. The firm, based in Waltham, MA, has raised some $35 million … Continue reading “Veering Off Topic With CloudLock CEO Gil Zimmermann”
OpenSesame Secures $998,049 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fdf58140-788e-47dc-9857-8e49ded3614e Date 5/9/2016 Company Name OpenSesame Mailing Address 520 NW Davis Street Portland, OR 97209 USA Company Description OpenSesame is the world’s largest source for elearning courses focused on employee training. Buyers browse online training courses in a wide variety of subjects from workplace safety to business skills then purchase and start … Continue reading “OpenSesame Secures $998,049 New Financing”
MIODx Receives $1,500,000 Seed Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7362cf0e-da4f-44bb-ab95-19ec1f50c936 Date 5/9/2016 Company Name MIODx Mailing Address 5941 Optical Ct. San Jose, CA 95138 USA Company Description MIODx is pioneering the discovery of early detection and prognostic cancer biomarkers through the company’s proprietary platforms. Website http://www.miodx.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Seed Proceeds Purposes Proceeds purposes were … Continue reading “MIODx Receives $1,500,000 Seed Funding”
CoreOS Secures $28,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6eec47d3-7cc5-4cbc-bc35-25916494ee20 Date 5/9/2016 Company Name CoreOS Mailing Address PO Box 7775 San Francisco, CA 94120 USA Company Description CoreOS creates and maintains open source projects for Linux Containers. Website http://www.coreos.com Transaction Type Venture Equity Transaction Amount $28,000,000 Transaction Round Series B Proceeds Purposes CoreOS, a leader in deploying, managing and securing software … Continue reading “CoreOS Secures $28,000,000 Series B Funding”
Shelterluv Obtains $2,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=089d1dd9-e6a7-49c1-a515-4a37073cad51 Date 5/9/2016 Company Name Shelterluv Mailing Address Undisclosed Pleasanton, CA 94588 USA Company Description To end the population-based euthanasia of companion animals by delivering world-class software to shelters and rescues to help them work faster and more efficiently, and to save more animals with their existing infrastructure. Website http://www.shelterluv.com Transaction Type … Continue reading “Shelterluv Obtains $2,000,000 New Funding Round”
Pulmotect Secures $1,751,430 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9d25722b-94d3-4b99-86cb-39edd683c781 Date 5/9/2016 Company Name Pulmotect Mailing Address 3900 Essex Ln. Houston, TX 77027 USA Company Description Pulmotect, Inc. is a Houston-based biotechnology company, developing products that boost the innate immune system to protect against a wide range of lung infections. Our cofounders are leaders in the emerging science of innate immunity … Continue reading “Pulmotect Secures $1,751,430 Series A Financing Round”
Uber, Lyft Say They Will Leave Austin Following Defeat in Election
Austin—Uber and Lyft have said they will pull out of Austin following a Saturday referendum that approved regulations that called for the ride-hailing companies to fingerprint drivers. “Disappointment does not begin to describe how we feel about shutting down operations in Austin,” said Chris Nakutis, Uber’s Austin general manager, in a statement according to the … Continue reading “Uber, Lyft Say They Will Leave Austin Following Defeat in Election”
Seattle Week in Review: Facing Displacement from AI
When will the technology arrive that makes you obsolete in your current job? [Checks watch.] It’s no idle question, and one that none other than Microsoft CEO Satya Nadella took up this week in remarks to hundreds of Seattle technology and business leaders. We’ll explore his comments, a new offering from Textio, the media’s failures … Continue reading “Seattle Week in Review: Facing Displacement from AI”
Mary Lou Jepsen on Life Post-Facebook and New Startup, “Open Water”
I had long planned a phone call with Mary Lou Jepsen for this afternoon—a prep session for a chat I will be doing with her a week from Monday night at Xconomy’s Napa Summit, where she is the featured dinner speaker. It was to be a normal prep chat until I got to work this morning … Continue reading “Mary Lou Jepsen on Life Post-Facebook and New Startup, “Open Water””
Mary Lou Jepsen: A Timeline of Her Career in Advanced Display Tech
Mary Lou Jepsen’s plans for her new startup, Open Water, are quite ambitious. But if anyone can figure out a way to deliver powerful MRI technology via an affordable wearable device, it’s probably her. For over 20 years, Jepsen has been working on device displays and related technologies for some of the biggest names in tech. … Continue reading “Mary Lou Jepsen: A Timeline of Her Career in Advanced Display Tech”
Fund of Funds, ConsortiEX & Froedtert: This Week’s Wisconsin Roundup
Wrap up your week with these headlines from Wisconsin’s innovation community: —The first recipient fund to launch under the Badger Fund of Funds will be The Idea Fund, based in LaCrosse, and managed by Jonathon Horne, the Milwaukee Journal Sentinel reported. The Idea Fund, one of up to 12 funds that Badger Fund general partner Ken Johnson … Continue reading “Fund of Funds, ConsortiEX & Froedtert: This Week’s Wisconsin Roundup”
How a Mobile Device Can Reduce Distracted Driving
Distracted driving is a major problem. In 2014, more than 30,000 people were killed and more than 430,000 injured in car crashes involving distracted drivers. Ironically, it may just be that the root of the problem – a smartphone – could actually be the solution. People know they shouldn’t, but they do. In a survey … Continue reading “How a Mobile Device Can Reduce Distracted Driving”
Epizyme Names Sanofi Cancer Exec New COO
Cambridge, MA-based Epizyme (NASDAQ: [[ticker:EPZM]]) has named Matthew Ros its new chief operating officer. Ros most recently ran Sanofi’s oncology business, and led Genzyme’s franchise in pompe disease before that.
Ford Expands Mobility Play with $182.2M Pivotal Investment
[Updated, 11:56am. See below] When Pivotal launched in 2013 with 1,250 employees and a valuation of over $1 billion, my colleague Wade Roush wrote that the cloud computing infrastructure firm “isn’t your typical startup.” Further proof of that came yesterday when Ford announced it was plunking down more than $182 million to continue its collaboration with Pivotal. Alan … Continue reading “Ford Expands Mobility Play with $182.2M Pivotal Investment”
Detroit and the Future-Ready Economy
Rocket Fiber and Dell team up to host this free, half-day conference about Detroit’s rise as a smart city and what it takes to be “future ready.” The conversation will touch on connecting people and the resources they need, priorities for the future-ready enterprise, and effectively managing tech transformations. CIOs and members of the public … Continue reading “Detroit and the Future-Ready Economy”
West Coast Biotech Roundup: Acadia, Medivation, Verily, and More
Just a few weeks ago, the Silicon Valley tech entrepreneur and philanthropist Sean Parker committed $250 million of his Napster and Facebook fortune to a massive effort to accelerate ways to boost the body’s own immune system against cancer. Now he’s turning his attention to a different kind of biotech initiative, which you might describe … Continue reading “West Coast Biotech Roundup: Acadia, Medivation, Verily, and More”
AgTech Accelerator Aims to Sway Agriculture Investment Trends
Agriculture and food-related companies make up a global industry, but when it comes to seeding startups in the sector, agricultural technologies face a relative funding famine. AgTech Accelerator, a new startup program launched Thursday in Research Triangle Park, NC, is trying to address funding issues facing agtech companies, while also providing some of the business … Continue reading “AgTech Accelerator Aims to Sway Agriculture Investment Trends”
Robo Madness West on June 22: Early Bird Rate Ends Today
Grab your ticket to attend Xconomy’s fifth annual robotics event in the Bay Area, held in partnership with the 2016 Sensors Expo & Conference. Leaders in robotics and artificial intelligence will discuss the opportunities and pitfalls, emerging technologies, and new business models in the industry. Join us on June 22 at the McEnery Convention Center … Continue reading “Robo Madness West on June 22: Early Bird Rate Ends Today”
TX Roundup: Uber Election, OutboundEngine, Joah Spearman, “Windfall”
Let’s end the week with a recap of the latest innovation news from Xconomy Texas. —Voters in Austin will go to the polls on Saturday to decide whether they want to keep fingerprinting regulations in place that govern drivers for ride-hailing companies like Uber and Lyft. The companies say—and some leaders in the tech community agree—that … Continue reading “TX Roundup: Uber Election, OutboundEngine, Joah Spearman, “Windfall””
Rockefeller Taps Yale Genetics Chief Richard Lifton As New President
Rockefeller University has named a replacement for its outgoing president Marc Tessier-Lavigne. Will the newcomer, famed Yale University geneticist Richard Lifton, be a ringleader for New York biotech like his predecessor? Late yesterday, Rockefeller filled the void left by Tessier-Lavigne, who is heading west to run Palo Alto, CA-based Stanford University in September. Rockefeller, based … Continue reading “Rockefeller Taps Yale Genetics Chief Richard Lifton As New President”
Vetting Cloud Security Companies: Scale VC Sets The Scene
[Corrected 5/11/16, 12:59 pm. See below.] When Ariel Tseitlin joined Netflix in 2011 to help it transition from a movie DVD rental company to a Web-based streaming entertainment service, his team had to build Netflix’s cloud architecture. There was nothing out there to buy, Tseitlin says. The cybersecurity industry was also a fraction of its … Continue reading “Vetting Cloud Security Companies: Scale VC Sets The Scene”
Under Lisa Johnson, BioForward Embraces Health IT and Regional Unity
Drugs and medical devices have long been the strengths of Wisconsin’s high-tech healthcare businesses, but the rising star during the past few years has been the Badger State’s emerging digital health sector. Lisa Johnson recognizes that trend, and she made it a priority after she took over BioForward Wisconsin, the state’s flagship life sciences trade … Continue reading “Under Lisa Johnson, BioForward Embraces Health IT and Regional Unity”
Boston Tech Watch: Wayfair, EMC, PillPack, Adult Beverages, & More
This week in Boston tech, we’re tracking the latest venture capital deals, office relocations, the future of the EMC brand, and updates on local alcohol-related tech startups. Kick off your weekend the right way, by reading on: New venture funding —1366 Technologies, a Bedford, MA-based developer and manufacturer of solar power components, has tacked $10 … Continue reading “Boston Tech Watch: Wayfair, EMC, PillPack, Adult Beverages, & More”
Humanyze Secures $4,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bbe96994-16b8-4533-b356-3b1be3c5749e Date 5/6/2016 Company Name Humanyze Mailing Address 18 Tremont St. Boston, MA 02108 USA Company Description Humanyze was born out of a passion for helping organizations by uncovering and understanding communication networks. Our social sensing and analytics platform, developed at MIT, enables companies to quantify social interactions that were previously unmeasurable … Continue reading “Humanyze Secures $4,000,000 Series A Funding”