American Superconductor Cuts Staff, Scrambles to Get Finances on Track

It has been a rough spring and summer for American Superconductor. The Devens, MA-based energy tech company (NASDAQ: [[ticker:AMSC]]) said today it has cut 30 percent of its workforce, about 150 positions, since March 31 and expects to employ nearly 600 people worldwide after the cuts. The firm also said it expects to submit a … Continue reading “American Superconductor Cuts Staff, Scrambles to Get Finances on Track”

BankSimple Raises $10M, Adds Partnerships

Brooklyn’s Simple Finance Technology Corp., which does business as BankSimple, said in a blog post Wednesday that it raised $10 million in a round led by IA Ventures. Shasta Ventures and other investors also participated in the round. BankSimple is a startup working with charter banks to offer personal banking services. It plans to use the new … Continue reading “BankSimple Raises $10M, Adds Partnerships”

Born from NASA, Nebula Aims to “Disrupt and Democratize” Cloud Computing

If you’re a young Silicon Valley entrepreneur, you’d probably give your Prius and your iPad, and maybe throw in your X-Men comic collection, to hear Andy Bechtolsheim ask you the question he posed to Chris Kemp this spring: “What’s the name of your company? I want to write you a check right now.” If you … Continue reading “Born from NASA, Nebula Aims to “Disrupt and Democratize” Cloud Computing”

$16M for Link A Media

A Santa Clara, CA, maker of chips for storage systems called Link A Media said yesterday that it has closed a $16 million Series D funding round. Participating backers include Itochu Technology Ventures, Keynote Ventures, Lightspeed Venture Partners, SunAmerica Ventures, and “several strategic partners,” according to the startup. Link-A-Media makes controllers that handle error checking … Continue reading “$16M for Link A Media”

Rocket Lawyer Served $18.5M

Rocket Lawyer, a San Francisco-based provider of online legal documents and attorney-finding services, said today that has collected $18.5 million in Series D financing. The round was led by August Capital, with Google Ventures and Investor Growth Capital also participating. August Capital partner David Hornik has joined the company’s board. “We see a large market … Continue reading “Rocket Lawyer Served $18.5M”

DreamIt Ventures Brings Its Startup Accelerator Program to New York

Making their debut within throwing distance of Radio City Music Hall, the first 14 startups to graduate from the New York version of the DreamIt Ventures accelerator program presented to investors on Wednesday. Demo day brought to a close three months of mentoring that helped these fledgling companies strengthen their plans. Now that they have … Continue reading “DreamIt Ventures Brings Its Startup Accelerator Program to New York”

Harvard Accelerator Program, Proving Its Mettle with Startups and Pharma Partnerships, Looks to Raise Big New Fund

Here in Boston, we like to tout our universities, our faculty, our students. The academic community is one of the crowning strengths of the New England economy, not to mention a major driver of its global impact. But what have universities done for the local startup and business innovation community lately? I’m not going to … Continue reading “Harvard Accelerator Program, Proving Its Mettle with Startups and Pharma Partnerships, Looks to Raise Big New Fund”

Dendreon’s Blow-Up, Epigenomics Leaves Town, Presage Adds $1.5M, & More Seattle-Area Life Sciences News

Just when I thought things were going to quiet down in August, and I’d catch up on planning for the fall, all hell broke loose on the Seattle biotech beat. —Seattle-based Dendreon (NASDAQ: [[ticker:DNDN]]), the region’s most valuable biotech company of the past couple years, started last week worth more than $5 billion, and ended … Continue reading “Dendreon’s Blow-Up, Epigenomics Leaves Town, Presage Adds $1.5M, & More Seattle-Area Life Sciences News”

HubSpot Board Swaps In Simon for Goodman, Levin Joins MTDC, & More Tech Personnel Moves

Lots of comings and goings in the Boston technology scene in the past week. Here’s a sampling of notable high-level moves: —Michael Simon, founder and CEO of LogMeIn (NASDAQ: [[ticker:LOGM]]), has joined the board of Cambridge, MA-based HubSpot, the marketing tech company. Simon replaces former (and longtime) HubSpot board member Gail Goodman, the CEO of … Continue reading “HubSpot Board Swaps In Simon for Goodman, Levin Joins MTDC, & More Tech Personnel Moves”

Fast-Growing Zulily Adds $43M, Wants to Stand Alone in Mom & Baby Deals

Here’s one way to measure a fast-growing company: It runs through four different headquarters in about 18 months just to contain all the employees. That’s the story with Zulily, one of Seattle’s main contenders in the exploding (and crowded) marketplace for digital discount shopping. Zulily operates a members-only daily deals service targeting moms, bringing discounts … Continue reading “Fast-Growing Zulily Adds $43M, Wants to Stand Alone in Mom & Baby Deals”

Affirmed Networks Lands $1,400,002 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df845ac7-baad-498c-a111-05e420082cc1&Preview=1 Date 8/11/2011 Company Name Affirmed Networks Mailing Address 35 Nagog Park Second Floor Acton, MA 01720 Company Description Affirmed Networks is an exciting new company located in the Boston area developing new technologies for the wireless industry. Website http://www.affirmednetworks.com Transaction Type Venture Equity Transaction Amount $1,400,002 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Affirmed Networks Lands $1,400,002 New Funding Round”

SemiNex Garners $639,773 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c56d421e-109e-402e-9742-3f43bc23d9c6&Preview=1 Date 8/11/2011 Company Name SemiNex Mailing Address 100 Corporate Place Peabody, MA 01960 Company Description SemiNex aims to fundamentally transform key industries by displacing conventional laser technology with super-high-power semiconductor diode lasers, enabling new cost-effective laser applications. SemiNex provides better performance and laser efficiency while drastically reducing the laser size and … Continue reading “SemiNex Garners $639,773 New Round”

AppFog Receives $8,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=257062c9-e80d-47aa-8b8b-0f5648b4f47d&Preview=1 Date 8/11/2011 Company Name AppFog Mailing Address 519 SW 3rd Ave. Portland, OR 97204 Company Description The company makes it easier to deploy and scale applications of PHP via cloud computing infrastructure. Website http://www.appfog.com Transaction Type Venture Equity Transaction Amount $8,000,000 Transaction Round Series B Proceeds Purposes AppFog will use the … Continue reading “AppFog Receives $8,000,000 Series B Financing”

Zulily Obtains $43,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=58e9ffbe-1e1e-410a-986b-2b56352c838b&Preview=1 Date 8/11/2011 Company Name Zulily Mailing Address 2200 First Avenue South Seattle, WA 98134 Company Description Just what is zulily? It’s a fabulous new online store offering daily sales on top-quality apparel, gear and other goodies for moms, babies and kids. Members can enjoy savings of up to 70% off retail … Continue reading “Zulily Obtains $43,000,000 New Round”

Rocket Lawyer Lands $18,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8d5e84f7-f9df-4d3a-8a56-54f6743e79f8&Preview=1 Date 8/11/2011 Company Name Rocket Lawyer Mailing Address 220 Montgomery Street San Francisco, CA 94104 Company Description RocketLawyer.com is a service of Rocket Lawyer Incorporated. Our mission is to empower consumers, business professionals and lawyers to get and give legal help. Our comprehensive line of do it yourself legal assistance solutions … Continue reading “Rocket Lawyer Lands $18,500,000 New Financing”

Tioga Energy Lands $3,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ae75e88e-8f63-4df7-a309-a2938b575c07&Preview=1 Date 8/11/2011 Company Name Tioga Energy Mailing Address 123 Mission Street 9th Floor San Francisco, CA 94105 Company Description Tioga Energy boosts the adoption of enterprise-scale renewable energy and fast-tracks the path to clean, dependable power. Our comprehensive Power Purchasing Agreements (PPAs) allow businesses and organizations to go green quickly without … Continue reading “Tioga Energy Lands $3,000,000 New Round”

Citrix Systems Acquires RingCube Technologies for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=06f76969-55ad-444a-9fca-03f1fc6a2a1c&Preview=1 Date 8/11/2011 Company Name RingCube Technologies Mailing Address 100 W Evelyn Ave Mountain View, CA 94041 Company Description RingCube is the creator of truly portable personal computing. The company’s software platform, MojoPac, enables users to take their complete personal computing experience with them wherever they go, on any USB device they … Continue reading “Citrix Systems Acquires RingCube Technologies for Undisclosed Sum”

Opinionaided Garners $4,300,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=152393b9-07fc-4f9c-98e0-2c0c7f21bf6f&Preview=1 Date 8/11/2011 Company Name Opinionaided Mailing Address 902 Broadway Fourth Floor New York, NY 10010 Company Description The company operates an online Q&A website and community. Website http://www.Opinionaided.com Transaction Type Venture Equity Transaction Amount $4,300,000 Transaction Round Series A Proceeds Purposes The company will use the funding to continue to rapidly … Continue reading “Opinionaided Garners $4,300,000 Series A Financing Round”

Voxy Secures $2,800,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8aee8674-75ce-4e10-9ee8-e804a5689f09&Preview=1 Date 8/11/2011 Company Name Voxy Mailing Address 85 East 10th Street New York, NY 10003 Company Description Voxy is about learning from what’s around you. From your life. Our unique bite-size language lessons use fresh, entertaining, topical content of your choosing, whether that be a story about your favorite team, some … Continue reading “Voxy Secures $2,800,000 New Funding”

Cylene Pharmaceuticals Secures $15,635,924 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=03166fbe-6d44-4c5e-9ad0-00c890f0d385&Preview=1 Date 8/11/2011 Company Name Cylene Pharmaceuticals Mailing Address 5820 Nancy Ridge Drive San Diego, CA 92121 Company Description Cylene Pharmaceuticals, Inc. is a privately held pharmaceutical company dedicated to the discovery, development and commercialization of first-in-class small molecule drugs to treat life-threatening diseases, with a particular emphasis in oncology. Website http://www.cylenepharma.com … Continue reading “Cylene Pharmaceuticals Secures $15,635,924 New Funding”

BrightTag Receives $5,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b175177f-f5df-4b63-ba6a-a2d75892933b&Preview=1 Date 8/11/2011 Company Name BrightTag Mailing Address 150 N. Wacker Drive Chicago, IL 60606 Company Description The company is operating as a digital advertising company. Website http://www.thebrighttag.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Series B Proceeds Purposes Most of the money is going to go toward continuing to … Continue reading “BrightTag Receives $5,000,000 Series B Financing Round”

BUZZD Obtains $500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=710209f2-0013-4425-91ec-fc25dd31c99e&Preview=1 Date 8/11/2011 Company Name BUZZD Mailing Address 37 West 28th Street 5th Floor New York, NY 10001 Company Description buzzd is about what’s going on right now at that bar, restaurant or club in your city, in your neighborhood or even the block you’re on. Website http://www.buzzd.com Transaction Type Debt, Venture … Continue reading “BUZZD Obtains $500,000 New Financing”

Gazillion Lands $20,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1285ca79-91e1-4cba-903b-1ac77983b3b6&Preview=1 Date 8/11/2011 Company Name Gazillion Mailing Address 475 Concar Drive San Mateo, CA 94402 Company Description The company develops and publishes massively multiplayer online games. Website http://www.gazillion.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor … Continue reading “Gazillion Lands $20,000,000 New Financing Round”

Occipital Receives $8,000,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7df33246-7e6a-4a4b-a52c-40085c7977e8&Preview=1 Date 8/11/2011 Company Name Occipital Mailing Address 1801 13th Street Boulder, CO 80302 Company Description What if computers could actually see and map their surroundings, in realtime, creating a digital replica of the real world? They already can. An ever-changing viewport into planet Earth, powered by 360 Panorama users worldwide. Website … Continue reading “Occipital Receives $8,000,000 Series A Financing Round”

Airband Communications Garners $20,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f1215911-0810-4a22-8d97-e51c913a206b&Preview=1 Date 8/11/2011 Company Name Airband Communications Mailing Address 3220 Keller Springs Rd Carrollton, TX 75006 Company Description airBand Communications Inc., is a broadband communications provider dedicated to helping businesses realize the full potential of their voice and data services. With a comprehensive portfolio of Voice over IP and high-speed data solutions, … Continue reading “Airband Communications Garners $20,000,000 New Financing”

Bydureon FDA Deadline Set

San Diego-based Amylin Pharmaceuticals (NASDAQ: [[ticker:AMLN]]), Indianapolis-based Eli Lilly (NYSE: [[ticker:LLY]]), and Waltham, MA-based Alkermes (NASDAQ: [[ticker:ALKS]]) said today that the FDA has set a deadline of Jan. 28 to complete its review of the newly updated application for exenatide once-weekly (Bydureon). The companies are seeking FDA clearance to start marketing the new product as … Continue reading “Bydureon FDA Deadline Set”

FutureM: The Future of Marketing

FutureM is a series of events throughout Boston and Cambridge that focuses on cutting-edge marketing technologies. Programs cover subjects such as sports marketing, marketing design, customer experience, digital media, mobile marketing, and much more. Register here to get the pass to the events.

Gilead HIV Drug Gets FDA OK

Gilead Sciences (NASDAQ: [[ticker:GILD]]), the world’s largest maker of HIV drugs, said today that the FDA has approved a new once-daily pill the company has developed for patients with HIV. The drug is a combination of three antivirals—emtricitabine/rilpivirine/tenofovir disoproxil fumarate—that will be marketed under the name Complera. This is the second once-daily HIV pill from … Continue reading “Gilead HIV Drug Gets FDA OK”

Vlingo Cleared in 1st Patent Infringement Case

A federal jury in Boston found Cambridge, MA-based Vlingo’s speech recognition software did not infringe on a patent owned by Nuance Communications (NASDAQ: [[ticker:NUAN]]), the companies said in two separate announcements (here and here). Burlington, MA-based Nuance has alleged that Vlingo has infringed on a number of its patents, but this particular patent, 6,766,295, covers the technique … Continue reading “Vlingo Cleared in 1st Patent Infringement Case”

Presage Adds $1.5M

Seattle-based Presage Biosciences, a spinoff from the Fred Hutchinson Cancer Research Center, has raised $1.6 million out of a new equity financing that could be worth as much as $10.5 over time, according to a regulatory filing. The document doesn’t say who is backing the company, although it says the round includes 20 investors. Presage, … Continue reading “Presage Adds $1.5M”

UM Awarded Nuclear Research Grants

The U.S. Department of Energy announced yesterday it awarded the University of Michigan nearly $3.5 million in research grants, aimed at developing cutting-edge nuclear energy technologies and training and educating the next generation of leaders in the U.S. nuclear industry. The university received a total of four awards in the areas of fuel cycle research … Continue reading “UM Awarded Nuclear Research Grants”

NYC Startup Crawl

Learn about the startup scene at this afternoon tour of young, NYC tech companies, sponsored by 10gen. Participants will visit six companies, including Crowdtap, Smartling, and Yodle, where they’ll be able to lob questions at top execs and engineers. RSVP here.

Lighter Capital: $500K Up for Grabs

Lighter Capital, Seattle’s newly rebranded revenue-based financing startup, is trying to drum up more applications from “weird stuff that makes money” by promising it will lend up to $500,000 to at least one company that applies in August. The winner has to fit Lighter Capital’s requirements—generally speaking, companies that have “a proven revenue model and … Continue reading “Lighter Capital: $500K Up for Grabs”

Carbonite Expected to Go Through With Smaller IPO; Venture Investors See Upside

[Updated 8/10/11 5:50 pm. See below.] What’s happening with Carbonite’s IPO? The Boston-based online data backup firm is dealing with an extremely volatile stock market this week—as are a bunch of other U.S. companies trying to go public. But it’s looking like Carbonite’s initial public offering could go through tomorrow at a much reduced price, with … Continue reading “Carbonite Expected to Go Through With Smaller IPO; Venture Investors See Upside”

TIBCO’s Vivek Ranadivé on the “Death of Science,” the Rise of Pattern Recognition, and the Power of Data in Basketball

Vivek Ranadivé is one of those CEOs who was born with a silver quote in his mouth. He’s great on television, he gives entertaining speeches, and interviewing him is like bathing in a river of aphorisms and metaphors. I enjoy visiting Ranadivé at his company’s Palo Alto, CA, headquarters not just in order to catch … Continue reading “TIBCO’s Vivek Ranadivé on the “Death of Science,” the Rise of Pattern Recognition, and the Power of Data in Basketball”

Silicon Executive 2011

This full-day event focuses on the future of nanotechnology and will feature keynotes from the CEO of Sandisk, the mayor of San Jose, D. James Canton and many others. From the event description: “Insights from the industry leaders will help provide valuable perspectives on the road ahead. Upcoming strategic needs and solutions for the Equipment … Continue reading “Silicon Executive 2011”

Couchbase Lands $14M

NoSQL database software maker Couchbase, formed from the February merger of CouchOne and Membase, has collected $14 million in Series C financing from a group including new investor Ignition Partners and existing investors Accel Partners, Mayfield Fund, and North Bridge Venture Partners, according to an announcement today. The Mountain View, CA-based startup says it will … Continue reading “Couchbase Lands $14M”

$8M for BVI Networks

San Jose, CA-based BVI Networks, a maker of business intelligence visualization software for consumer retailers, said today that it has raised $8 million in a Series B funding round. New investor August Capital led the round, which was joined by the startup’s existing investors. “While physical stores generate over 95% of all retail business in … Continue reading “$8M for BVI Networks”

New Clearwire CEO Faces Tough Road as Wireless Provider Looks for Cash

Clearwire has named Erik Prusch its new president and CEO, replacing interim chief John Stanton as the Kirkland, WA-based wireless broadband provider struggles with Wall Street doubts about its future. Prusch joined Clearwire (NASDAQ: [[ticker:CLWR]]) in 2009 as chief financial officer, and as the press release notes, helped the company raise more than $6 billion … Continue reading “New Clearwire CEO Faces Tough Road as Wireless Provider Looks for Cash”

Ventower Debuts Wind Turbine Plant

Ventower Industries, the Monroe, MI-based fabricator and supplier of utility-scale wind turbine towers, opened the doors yesterday to its new, 115,000-square-foot manufacturing facility with direct dock access to Lake Erie. The high-tech plant is the culmination of four years of planning that came to fruition in part thanks to local, state, and federal incentives. The location … Continue reading “Ventower Debuts Wind Turbine Plant”

New York Cloud Startup Apprenda Expanding to Seattle Area, Targets Microsoft’s Backyard

Money goes out, people come in. That’s the plan for the latest out-of-town investment by Bellevue, WA-based Ignition Partners, which led a $10 million growth round for Clifton Park, NY-based cloud computing startup Apprenda. I caught up with Apprenda CEO Sinclair Schuller after Tuesday’s announcement to get some more details on a nugget that wasn’t … Continue reading “New York Cloud Startup Apprenda Expanding to Seattle Area, Targets Microsoft’s Backyard”

Xconomy Guide to Venture Incubators Back For A Third Year, Sixty-Four Programs Strong

You could say that the institution of the startup incubator has gotten its chance to shine this year. One way we can tell? Our third annual Xconomy Guide to Venture Incubators has nearly doubled in size from the 2010 version. The big boom wasn’t a total surprise, given that this year politicians and the like … Continue reading “Xconomy Guide to Venture Incubators Back For A Third Year, Sixty-Four Programs Strong”

T2 Biosystems Closes $23M More for Fast, Cheap Diagnostic Tools

Some interesting funding news in the biotech world today. Lexington, MA-based T2 Biosystems, a diagnostics technology firm, says it has closed a $23 million Series D financing round led by new investor Aisling Capital. The round also included previous investors Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, Physic Ventures, Partners Healthcare, Arcus Ventures, RA … Continue reading “T2 Biosystems Closes $23M More for Fast, Cheap Diagnostic Tools”

Helmsley Trust Funds New Boston-Based Website for Diabetes Patients

In New York, the name Leona Helmsley often evokes snarky jokes about Trouble, the pooch who inherited $12 million in 2007, when the hotel heiress known as the Queen of Mean died. So it might be a surprise to many New Yorkers to learn that Helmsley and her husband, Harry, set up a charitable trust … Continue reading “Helmsley Trust Funds New Boston-Based Website for Diabetes Patients”

San Diego’s Human Engines Makes Commercial Debut with Mobile Visualization Tool

A San Diego startup founded by a couple of Qualcomm alums yesterday introduced its first commercial product, a system for Android-based mobile devices that organizes the daily flood of e-mail, calendar notices, alerts, text messages, and social media messages. Baback Elmieh and Rachid El Guerrab founded Human Engines in 2008, initially providing customized user-interface technologies … Continue reading “San Diego’s Human Engines Makes Commercial Debut with Mobile Visualization Tool”

Adventrx Shares Plunge After FDA Nixes Revised Application for Anti-Cancer Drug

San Diego’s Adventrx Pharmaceuticals (NYSE Amex: [[ticker:ANX]]) has sprung back from the dead before, but it will be hard for the biotech to recover from the plunge in its share price in after-hours trading yesterday—after Adventrx said the FDA has refused to accept its latest new drug application for the anti-cancer drug vinorelbine injectable emulsion … Continue reading “Adventrx Shares Plunge After FDA Nixes Revised Application for Anti-Cancer Drug”

Avalon Leads $3M Nanigans Deal, M/A-COM Seeks IPO, Bluesocket Bought by ADTRAN, & More Boston-Area Deals News

IT companies dominated New England deals this week, with word of acquisitions, financings, and potential IPOs. —M/A-COM Technology Solutions, a Lowell, MA-based wireless chip maker, said in an SEC filing that it hopes to raise up to $230 million in an initial public offering. The firm is now owned by semiconductor-focused private equity fund Gaas … Continue reading “Avalon Leads $3M Nanigans Deal, M/A-COM Seeks IPO, Bluesocket Bought by ADTRAN, & More Boston-Area Deals News”