Twitter’s Former CTO Talks About Joining CornellNYC Tech

Greg Pass is bringing more technology “street cred” to the team that is establishing the applied science and engineering campus on Roosevelt Island in New York. The former chief technology officer of Twitter on Wednesday was named the founding entrepreneurial officer for CornellNYC Tech, a $2 billion school to be built in the city. The … Continue reading “Twitter’s Former CTO Talks About Joining CornellNYC Tech”

Rooftop Farming Startup UrbanHarvest Wins UW Student Competition

Why pay for produce to be trucked up from California when you’ve got rooftops that could be converted to greenhouses? That’s the question posed by UrbanHarvest, a startup company founded by two University of Washington students. And as of today, they’ve got a few thousand more bucks in their pockets to help make the dream … Continue reading “Rooftop Farming Startup UrbanHarvest Wins UW Student Competition”

Xconomist of the Week: Evan Snyder—Stem Cell Reality Check

San Diego Xconomist Evan Snyder has been called a “stem cell revolutionary” and is regarded as a father in the field of stem cell research. When we talked in his office at San Diego’s Sanford-Burnham Medical Research Institute, he told me he isolated the first neural stem cell in the mid-1980s, as well as the … Continue reading “Xconomist of the Week: Evan Snyder—Stem Cell Reality Check”

Can Pocket (née Read It Later) Become the TiVo of the Web?

On the iPhone, the first page of the home screen—the one you see when you wake up the device—has room for only 20 apps, counting those in the dock. The iPad home screen holds 26. For me, that means the home screen is prime real estate, reserved only for the apps I use most often. … Continue reading “Can Pocket (née Read It Later) Become the TiVo of the Web?”

Fullbridge Obtains $5,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ffca0efe-9b2f-4f35-ac75-2585d74092a6&Preview=1 Date 5/25/2012 Company Name Fullbridge Mailing Address 25 Mt. Auburn Street Cambridge, MA 02138 Company Description The Fullbridge Program was founded in July 2010 by husband and wife team, Peter Olson (former Chairman and CEO of Random House) and Candice Carpenter Olson (former founder and CEO of iVilliage). The company is … Continue reading “Fullbridge Obtains $5,500,000 New Round”

Terrafugia Lands $1,020,369 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5e41b8f5-0756-4fc2-90dd-5f41fa5e4794&Preview=1 Date 5/25/2012 Company Name Terrafugia Mailing Address 23 Rainin Road Woburn, MA 01801 Company Description The company designs and manufactures flying cars. Website http://www.Terrafugia.com Transaction Type Venture Equity Transaction Amount $1,020,369 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

TurningArt Garners $1,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3a1e9c9f-0580-44f2-9358-c19ca6b5906c&Preview=1 Date 5/25/2012 Company Name TurningArt Mailing Address 186 South St., 4th Floor Boston, MA 02111 Company Description The company operates a website that allows users to rent by your exchange artworks. Website http://www.turningart.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes With its latest round of funding, … Continue reading “TurningArt Garners $1,500,000 New Round”

Soteira Obtains $375,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5fbca16e-c88a-48cf-99bd-da6f1a85082c&Preview=1 Date 5/25/2012 Company Name Soteira Mailing Address 14 Tech Circle Natick, MA 01760 Company Description Soteira, Inc. is developing a system for treatment of vertebral compression fractures in patients with osteoporosis, cancer or traumatic injuries. Soteira’s design provides a superior biomechanical structure and better control of cement flow than other solutions. … Continue reading “Soteira Obtains $375,000 New Round”

Astute Medical Secures $2,000,200 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9d57b342-3ab9-4d8b-8551-091e5d73211e&Preview=1 Date 5/25/2012 Company Name Astute Medical Mailing Address 3550 General Atomics Court MS 02/641 San Diego, CA 92121 Company Description Astute Medical’s mission is to identify and validate protein biomarkers of severe acute disease.Our focus is community and hospital acquired acute conditions that require rapid diagnosis and risk assessment. Our emphasis … Continue reading “Astute Medical Secures $2,000,200 New Financing Round”

Sangart Receives $50,737,293 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3d627396-56ae-4522-a6e2-192de7d385f1&Preview=1 Date 5/25/2012 Company Name Sangart Mailing Address 6175 Lusk Blvd San Diego, CA 92121 Company Description Sangart, Inc. is a biopharmaceutical company focused on the research, development and commercialization of oxygen transport agents. Website http://www.sangart.com Transaction Type Venture Equity Transaction Amount $50,737,293 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Sangart Receives $50,737,293 New Round”

Crowdfunder Garners $400,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e9b82bd4-6b44-4830-af46-774ceac05ca7&Preview=1 Date 5/25/2012 Company Name Crowdfunder Mailing Address 1605 Pacific Avenue Venice, CA 90291 Company Description Based in Los Angeles, crowdfunder is a business crowdfunding platform that is at the forefront of changing U.S. laws to enable U.S. based startups and small businesses to raise funds through Equity or Revenue-Based Financing. In … Continue reading “Crowdfunder Garners $400,000 New Financing”

Grab Games Lands $11,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8e459911-3217-49c6-9b2c-caecac6364de&Preview=1 Date 5/25/2012 Company Name Grab Games Mailing Address 1100 Glendon Ave Los Angeles, CA 90024 Company Description Grab Games was established in December 2009 upon the acquisition of Grab.com and its assets from Demand Media by an all-star team of video game and web industry veterans. Website http://www.grab.com Transaction Type Venture … Continue reading “Grab Games Lands $11,000,000 New Round”

Gigabit Squared Receives $200,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=500c75de-3120-4171-b82b-b2c9d28dd75e&Preview=1 Date 5/25/2012 Company Name Gigabit Squared Mailing Address Undisclosed Cleveland Heights, OH 44106 Company Description Gigabit Squared as a company serves as an agent for transformation and change. The corporate model we foster is as critical to the success of your broadband initiative as the actual infrastructure. With the world moving … Continue reading “Gigabit Squared Receives $200,000,000 New Round”

NeoTract Lands $6,999,996 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f2229f0a-2436-44b2-a497-248bee99cceb&Preview=1 Date 5/25/2012 Company Name NeoTract Mailing Address 4473 Willow Rd Pleasanton, CA 94588 Company Description The company develops and manufactures medical devices that treat urological and gynecological disorders. Website http://www.neotract.com Transaction Type Venture Equity Transaction Amount $6,999,996 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A … Continue reading “NeoTract Lands $6,999,996 New Financing Round”

Huddle Lands $24,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2895c642-10b9-4efe-9012-e9fbc3d3ebc3&Preview=1 Date 5/25/2012 Company Name Huddle Mailing Address 425 Bush Street San Francisco, CA 94108 Company Description Established in 2006, with offices in London and San Francisco, Huddle is the leader in cloud collaboration and content management for the enterprise. Website http://www.huddle.com Transaction Type Venture Equity Transaction Amount $24,000,000 Transaction Round Series … Continue reading “Huddle Lands $24,000,000 Series C Financing Round”

Eos Energy Storage Secures $1,250,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=99940da3-ea34-4b91-a037-111dbc490db6&Preview=1 Date 5/25/2012 Company Name Eos Energy Storage Mailing Address 3 East 80th Street New York, NY 10075 Company Description Eos develops novel, low-cost energy storage solutions for the electric utility and transportation industries. Eos’ mission is to produce cost effective energy storage solutions that are not only less expensive than other … Continue reading “Eos Energy Storage Secures $1,250,000 New Financing Round”

Meddik Garners $750,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ae00d553-2f8c-4dcd-a2c2-802693fdf8d5&Preview=1 Date 5/25/2012 Company Name Meddik Mailing Address 483 Broadway 2nd Floor New York, NY 10013 Company Description Meddik is a better way to search for health information and find support. It is a place to ask questions and get answers from people who’ve been there share your wisdom and stories with … Continue reading “Meddik Garners $750,000 Seed Round”

TruEffect Obtains $2,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b861bcc2-5aa9-4c08-a640-a36e314a03e6&Preview=1 Date 5/25/2012 Company Name TruEffect Mailing Address 7403 Church Ranch Blvd Westminster, CO 80021 Company Description TruConnect’s Relationship Advertising transforms the way you engage with your customers. With TruConnect, you can stop wasting over 99% of your display media broadcasting blindly, and see exactly where your customers and prospects intersect your … Continue reading “TruEffect Obtains $2,500,000 New Funding”

Accera Receives $8,782,912 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=98ac2562-b2d3-42f2-963c-a5d1a1c9ea9d&Preview=1 Date 5/25/2012 Company Name Accera Mailing Address 380 Interlocken Crescent Broomfield, CO 80021 Company Description Accera is a private biotechnology company engaged in the discovery and development of innovative therapeutic treatments for neurodegenerative diseases. Website http://www.accerapharma.com Transaction Type Debt Transaction Amount $8,782,912 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Accera Receives $8,782,912 New Round”

CoreTrace Obtains $2,800,844 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9082edfa-e7c3-47af-b4c8-041b58075a2a&Preview=1 Date 5/25/2012 Company Name CoreTrace Mailing Address 6500 River Place Blvd Building 2 Austin, TX 78730 Company Description CoreTrace has built the best centrally managed, scalable, tamperproof Application Whitelisting solution. Website http://www.coretrace.com Transaction Type Debt Transaction Amount $2,800,844 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. … Continue reading “CoreTrace Obtains $2,800,844 New Funding Round”

WTIA Golf Tournament

Washington tech leaders gather for the Washington Technology Industry Association’s 17th annual golf tournament at the Glendale Country Club in Bellevue. In addition to 18 holes of golf, the event includes a networking breakfast, an awards banquet dinner, putting and chipping contests, closest to the pin contests, longest and straightest drive contests, and a Hole-in-One contest. … Continue reading “WTIA Golf Tournament”

P4 Medicine Summit

June 21 is officially “P4 Medicine Day” in Washington state. The WBBA will celebrate by hosting a P4 Medicine Summit. Speakers include Leroy Hood of the Institute for Systems Biology, Al Luderer of Integrated Diagnostics, Brad Gray of NanoString Technologies and Dean Sproles of Iverson Genetic Diagnostics. For more information, click here.

Good for Some, Good for All

The recent Facebook IPO has brought to the front pages an issue that many ordinary investors have been asking themselves for a long time: “Is the system fair?” In Facebook’s case, legitimate questions have arisen about why Morgan Stanley, Goldman Sachs, and J.P. Morgan, Facebook’s lead underwriters, all reduced their internal revenue estimates for that … Continue reading “Good for Some, Good for All”

RealNetworks Settles Unfair Marketing Claim for $2.4M

Seattle’s RealNetworks (NASDAQ: [[ticker:RNWK]]) has agreed to pay $2.4 million to settle a lawsuit over deceptive marketing practices that Washington state’s attorney general says duped consumers into expensive monthly subscription fees. Most of that money—$2 million—goes into a pool for paying restitution to consumers. People who think they were improperly billed by the company can … Continue reading “RealNetworks Settles Unfair Marketing Claim for $2.4M”

DeVos’ Start Garden Aims to Give Grand Rapids a Jolt

A young member of a prominent Michigan family known for its wealth, its power in political circles, and its philanthropy has launched a new endeavor to try to stoke the flames of entrepreneurship in West Michigan. The DeVos family looms large in Michigan, particularly in Grand Rapids, the second-largest city in the state. They are … Continue reading “DeVos’ Start Garden Aims to Give Grand Rapids a Jolt”

Nokia Joins X Prize in $2.25M Wireless Health “Sensing Challenge”

When the X Prize Foundation’s Peter Diamandis took the stage in San Diego this morning at the Wireless-Life Sciences Alliance (WLSA) annual convergence summit, he said it was the perfect audience for announcing the foundation’s newest competition—the “Nokia Sensing X Challenge.” The challenge, organized through a partnership with the Finnish wireless device manufacturer, is offering … Continue reading “Nokia Joins X Prize in $2.25M Wireless Health “Sensing Challenge””

Amazon’s Shareholder Spectacle and the Fight Over Seattle

Amazon.com’s remarkable growth is remaking the face of downtown Seattle, on a scale far different than any company before it in this city. Today, the e-commerce and cloud-computing pioneer felt some of the growing pains. Amazon’s annual shareholder meeting devolved into a bizarre standoff with liberal political activists, who hijacked the typically staid gathering to … Continue reading “Amazon’s Shareholder Spectacle and the Fight Over Seattle”

Recorded Future, Liquid Metal Battery Raise VC Rounds

Two Boston-area companies that don’t do a lot of talking in the media are making some noise today. They don’t have much in common, except that each is working on a really big technological problem in society with a pretty novel approach (and they’re getting some funding news out before the holiday weekend). As usual, … Continue reading “Recorded Future, Liquid Metal Battery Raise VC Rounds”

Could Virtual Nanotransactions Solve the Mobile Payments Problem?

Very few people in the mobile industry will disagree that mobile payments are today’s biggest challenge for developers. In the Apple universe, there is a strong solution to the problem: Apple simply requires users to register their credit cards before they can use any services. But this approach only works for a very small segment … Continue reading “Could Virtual Nanotransactions Solve the Mobile Payments Problem?”

Women’s Demo Night

NY Tech Meetup presents its first demo night specifically for women-owned businesses. The event, being held in conjunction with Change the Ratio and Microsoft, will feature demos by seven companies, followed by tips and coaching from industry experts. Companies can register to demo here. Attendees register here.

SD Life Sciences Roundup: Takeda Consolidates, Startups Raise Cash

It’s been a busy week for startup funding, with Obalon Therapeutics, Aperio Technologies, Topera, and Ivera Medical closing on financing deals. We’ve also got drug development news from Ocera Therapeutics and MediciNova. —Japan’s Takeda Pharmaceutical said it’s closing its center of excellence in South San Francisco, which has been focused on developing early stage antibody … Continue reading “SD Life Sciences Roundup: Takeda Consolidates, Startups Raise Cash”

June 2012 NY Tech Meetup

Join hundreds of fellow technologists for an evening of live demos from companies developing every variety of technology innovation in New York. The event will be hosted by the group’s executive director, Nate Westheimer, entrepreneur and advisor to Flybridge Capital Partners. Register here.

How to Get Your First Million Users

Michael Geer, founder of CauseCart and NYC Bubble Proof, will lead this session on attracting users and speeding up the growth of a fledgling social site or app. The session will be held at New York’s General Assembly incubator. Learn more about the agenda and register here.

EMC, Ember, Spindle, Yottaa, & More Boston-Area Deals

A bunch of small-ish deals (and some not so small) to catch up on from the past week… —Hopkinton, MA-based EMC (NYSE: [[ticker:EMC]]) has acquired Syncplicity for an undisclosed price. The cloud-based file management startup, based in Silicon Valley, will be integrated into EMC’s Information Intelligence Group. The move is viewed as helping EMC compete … Continue reading “EMC, Ember, Spindle, Yottaa, & More Boston-Area Deals”

Halo Gathers $1.1M From Patient Groups for Muscular Dystrophy Drug

At first glance, the $1.1 million financing announced by Halo Therapeutics on Tuesday looked like your average case of a biotech startup scraping together enough money to get its early-stage compound into pivotal human trials. But this funding was anything but average. That’s because the money came from 12 nonprofit foundations pursuing a common goal: … Continue reading “Halo Gathers $1.1M From Patient Groups for Muscular Dystrophy Drug”

Recorded Future Secures $12,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ec03e81-6e4a-4f90-aa13-088905bc1c12&Preview=1 Date 5/24/2012 Company Name Recorded Future Mailing Address 1430 Massachusetts Ave Cambridge, MA 02138 Company Description Recorded Future is an early stage company headquartered in the Boston area. We have 15+ employees in various corners of the globe attacking a hard problem – organize the web in a radically new and … Continue reading “Recorded Future Secures $12,000,000 Series C Financing”

Liquid Metal Battery Secures $15,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=faa2f99a-78e6-4fd7-b5f6-78b1f2cd07c1&Preview=1 Date 5/24/2012 Company Name Liquid Metal Battery Mailing Address 237 Putnam Avenue Cambridge, MA 02139 Company Description Liquid Metal Battery Corporation (LMBC) is an early-stage company working to develop and commercialize a new battery technology that will revolutionize grid-scale power storage. Our battery has the potential to cost significantly less than … Continue reading “Liquid Metal Battery Secures $15,000,000 Series B Financing Round”

Global Analytics Receives $25,000,000 Series D Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b7d3dacf-187f-426a-82ac-74c551ccdca9&Preview=1 Date 5/24/2012 Company Name Global Analytics Mailing Address 5230 Carroll Canyon Road San Diego, CA 92121 Company Description Analytic solutions are now part of mainstream business processes. In many industries, the use of analytics has matured to a point where it is impossible to compete without them. Analytics is now at … Continue reading “Global Analytics Receives $25,000,000 Series D Financing Round”

Nanostim Obtains $10,000,003 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a13b5806-c1aa-4add-a592-9e8ca1aa5c79&Preview=1 Date 5/24/2012 Company Name Nanostim Mailing Address 830 Hillview Court Milpitas, CA 95035 Company Description Nanostim Inc is a developer of miniaturized, leadless cardiac pacemakers. Website Undisclosed Transaction Type Venture Equity Transaction Amount $10,000,003 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor … Continue reading “Nanostim Obtains $10,000,003 New Round”

Bazaarvoice Acquires PowerReviews for $151,900,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8127c8ba-fc8f-4f6b-bc55-e55cd4ccf5e8&Preview=1 Date 5/24/2012 Company Name PowerReviews Mailing Address 22 4th Street 6th Floor San Francisco, CA 94103 Company Description PowerReviews has launched a Web-based portal for consumer reviews of products ranging from shoes to housewares. Website http://www.powerreviews.com Transaction Type M&A Transaction Amount $151,900,000 Transaction Round Proceeds Purposes M&A Terms The acquisition will … Continue reading “Bazaarvoice Acquires PowerReviews for $151,900,000”

Quick Technologies Secures $1,610,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=222d3fde-6702-4fbb-81ba-7585b8863b07&Preview=1 Date 5/24/2012 Company Name Quick Technologies Mailing Address 16301 Quorum Drive Addison, TX 75001 Company Description Quick Technologies, Inc. was founded in 1992 to provide state-of-the-art information services to the promotional products industry at affordable prices. Since that time, we have remained committed to that goal, becoming the leader in technology-based … Continue reading “Quick Technologies Secures $1,610,000 New Round”

Quick Technologies Secures $1,610,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=222d3fde-6702-4fbb-81ba-7585b8863b07&Preview=1 Date 5/24/2012 Company Name Quick Technologies Mailing Address 16301 Quorum Drive Addison, TX 75001 Company Description Quick Technologies, Inc. was founded in 1992 to provide state-of-the-art information services to the promotional products industry at affordable prices. Since that time, we have remained committed to that goal, becoming the leader in technology-based … Continue reading “Quick Technologies Secures $1,610,000 New Funding Round”

MediciNova Misses Primary Goal in Mid-Stage Trial of IV Asthma Drug

It was clear that San Diego’s MediciNova (NASDAQ: [[ticker:MNOV]]) had a lot riding on the outcome of a mid-stage trial of the company’s lead drug candidate, bedoradrine sulfate. As I reported recently, MediciNova has been developing the compound to treat acute asthma attacks that are not responsive to standard therapy. So shareholders registered their disappointment … Continue reading “MediciNova Misses Primary Goal in Mid-Stage Trial of IV Asthma Drug”

What’s New With Loveland Technologies, Axonia, 3D Biomatrix?

Don’t you hate it when you read an article about a promising new company and then you never hear anything about it again? We do too, which is why we’ve checked in with Loveland Technologies, Axonia Medical, and 3D Biomatrix for updates on the state of their operations, new milestones, and future plans. Loveland Technologies: … Continue reading “What’s New With Loveland Technologies, Axonia, 3D Biomatrix?”

Analytic Software Wins Janssen Prize to Reduce Hospital Readmissions

A team developing analytic software that scores patients for the risk they pose to being readmitted within 30 days after being discharged from a hospital is the winner of the inaugural Janssen Connected Care Challenge. The prize is sponsored by Janssen, a unit of New Brunswick, NJ-based Johnson & Johnson (NYSE: [[ticker:JNJ]]) . Kim Park, … Continue reading “Analytic Software Wins Janssen Prize to Reduce Hospital Readmissions”