BioExec Open Access: Fireside Chat with David Kessler

The UC Berkeley BioExec Institute offers an evening fireside chat with Dr. David Kessler, the former commissioner of the U.S. Food and Drug Administration. From the event description: “Former FDA Commissioner, David Kessler, M.D, J.D. made huge gains in improving the FDA’s throughput and jurisdiction to make the biopharma industry more productive and valuable. Since … Continue reading “BioExec Open Access: Fireside Chat with David Kessler”

Chinese Companies Flock to Metro Detroit in Search of Automotive Expertise

When Tianhai Electric North America won a $300,000 incentive from the Michigan Economic Growth Authority to establish a world headquarters in Orion Township this past May, it was the latest example of a Chinese automotive company choosing to locate operations in Southeast Michigan—and part of a growing trend that has the Detroit area playing an … Continue reading “Chinese Companies Flock to Metro Detroit in Search of Automotive Expertise”

Facebook’s Main Man on Skype, Seattle’s Philip Su, on Making Video Calls Magical

In the six months or so he spent building Skype video chat into Facebook, Philip Su had a particular person in mind: your mom. Well, not just her—when you’ve got a user base 750 million strong, there’s a big contingent of folks who aren’t early adopters or tech geeks. And even though video calling has … Continue reading “Facebook’s Main Man on Skype, Seattle’s Philip Su, on Making Video Calls Magical”

Read It Later Bookmarks $2.5M

Read It Later, the San Francisco startup behind the popular Web content-saving tool of the same name, revealed yesterday in a blog post that it has collected $2.5 million in funding. Foundation Capital, Baseline Ventures, Founder Collective, and Google Ventures pitched in, according to founder Nate Weiner, who adds that he’s no longer a solo … Continue reading “Read It Later Bookmarks $2.5M”

A Bay Area VC Sees Some Missing Ingredients in San Diego’s Innovation Community

As we saw in the venture activity surveys that came in last week, the capital deployed by VC firms in startups developing innovative technologies has been returning to pre-recession levels in key technology hubs throughout the United States. In San Diego, however, venture funding has taken a decided turn for the life sciences. Of the … Continue reading “A Bay Area VC Sees Some Missing Ingredients in San Diego’s Innovation Community”

Trius Strikes Antibiotic Deal With Bayer, Pockets $25M

San Diego-based Trius Therapeutics, the developer of a new antibiotic, said today it has secured its first big commercial partnership to market the experimental drug around the world. Trius (NASDAQ: [[ticker:TSRX]]) said today that it has provided an exclusive license to Germany-based Bayer to develop and market torezolid phosphate in China, Japan, Africa, Latin America, … Continue reading “Trius Strikes Antibiotic Deal With Bayer, Pockets $25M”

Health IT Is the New Black

Once upon a time there was “ehealth.” That time was the late 1990’s and there was a temporary ripple in The Force when anything that combined healthcare and the Internet had a suddenly popularity in the venture capital investment community. Companies like the original WebMD, the original Medscape, Mediconsult.com, DrKoop.com, Medibuy, Adam.com, PlanetRx, and a … Continue reading “Health IT Is the New Black”

Brooks Acquires San Diego’s Nexus Biosystems for $79M

Brooks Automation (NASDAQ: [[ticker:BRKS]]), the biomedical equipment maker in Chelmsford, MA, says today it paid $79 million to acquire Nexus Biosystems, a suburban San Diego provider of compound sample management systems. Based in Poway, CA, about 19 miles north of San Diego, Nexus makes automated equipment for handling chemical and biological samples in a variety … Continue reading “Brooks Acquires San Diego’s Nexus Biosystems for $79M”

Fab.com Raises $8M, Investors Include Ashton Kutcher

New York’s Fab.com raised $8 million in a series A funding round led by Menlo Ventures, according to a press release. Participating investors include Baroda Ventures, First Round Capital, The Washington Post Company, SoftTech VC, SV Angel, Zelkova Ventures, Fab.com CEO Jason Goldberg, and A Grade Investments, which was co-founded by actor Ashton Kutcher and Guy Oseary, … Continue reading “Fab.com Raises $8M, Investors Include Ashton Kutcher”

Cerulean Shows Progress in Cancer, Tests Nano-Drug Platform in RNAi

[Updated 8/15/11 8:00 am. See below.] In mid-July, Cambridge, MA-based Cerulean Pharma began a new clinical trial of its cancer drug CRLX101, which is a “nanoparticle”—a powerful chemical wrapped in a tiny package that can burrow its way into cancer cells and kill them. Cerulean is one of a handful of companies laboring to apply nanotechnology … Continue reading “Cerulean Shows Progress in Cancer, Tests Nano-Drug Platform in RNAi”

Interactions Gains $12M for Phone-Based Customer Service Tech

Franklin, MA-based Interactions, a speech and customer service technology company, said yesterday it has raised $12 million in new financing led by Sigma Partners. North Hill Ventures, Cross Atlantic Capital Partners, and Updata Partners also participated in the round. The company says it will use the new money to support its growing customer base, expand … Continue reading “Interactions Gains $12M for Phone-Based Customer Service Tech”

Hotlist, Raising Series A Round, Moves to New Office, Looks to Make Socializing More Efficient

Offering what it says is a different spin on location-based services, four-year-old New York startup Hotlist is pursuing more funding and plans to expand its staff to fill its new offices. Billed as a social discovery engine, Hotlist lets users see where their friends and acquaintances plan to be, rather than where they have already … Continue reading “Hotlist, Raising Series A Round, Moves to New Office, Looks to Make Socializing More Efficient”

Dreamforce

Salesforce.com’s flagship event returns to San Francisco August 30 through September 2. From the event site: “More than just a typical user conference, Dreamforce brings together all the leaders in cloud computing to collaborate, connect, and inspire. Every year attendees feel the excitement as they learn how the next wave of cloud computing can help … Continue reading “Dreamforce”

Ksplice Bought By Oracle, Q2 Boston Deals Break $1B, General Catalyst Funds Airbnb, & More Boston-Area Deals News

[Corrected 7/27/11, 10:20 am. See below.]Deals news was red-hot in the last week, with reports of $1B+ investment totals from the year’s second quarter and a massive June Massachusetts funding pot. We also caught a fresh stream of headlines on financings and acquisitions. —Lexington, MA-based drug developer Amag Pharmaceuticals (NASDAQ: [[ticker:AMAG]] said it would merge … Continue reading “Ksplice Bought By Oracle, Q2 Boston Deals Break $1B, General Catalyst Funds Airbnb, & More Boston-Area Deals News”

ParElastic Receives $500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0bfaea7b-dfd0-4065-b8a6-3c67a758320e&Preview=1 Date 7/27/2011 Company Name ParElastic Mailing Address 1050 Winter St. Waltham, MA 02451 Company Description ParElastic is an elastic database middle-ware that creates a virtual elastic relational database from a collection of unaffiliated, free-running, industry standard relational databases. Website http://www.parelastic.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed Proceeds … Continue reading “ParElastic Receives $500,000 New Funding”

Interactions Garners $12,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d749fbe3-1a6a-49c6-b010-3ecb2a303ca3&Preview=1 Date 7/27/2011 Company Name Interactions Mailing Address 31 Hayward Street Franklin, MA 02038 Company Description Interactions, Inc. is a service provider delivering a unique solution to the call center market that decreases support costs while dramatically improving the customer experience. World Class Personal Service at Breakthrough Economics. Website http://web.interactions.net Transaction Type … Continue reading “Interactions Garners $12,000,000 New Funding Round”

Strava Obtains $12,600,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60dcc4c3-6d7b-4728-8611-3f7ae59bd54a&Preview=1 Date 7/27/2011 Company Name Strava Mailing Address Undisclosed San Francisco, CA 94123 Company Description The company provides an online service that tracks and gives in-depth feedback and analytics for GPS tracked exercise. Website http://www.strava.com Transaction Type Venture Equity Transaction Amount $12,600,000 Transaction Round Series B Proceeds Purposes The company will use … Continue reading “Strava Obtains $12,600,000 Series B Funding”

Act-On Software Acquires Marketbright for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=996c7389-9012-4fa8-bff1-cc625e2280e4&Preview=1 Date 7/27/2011 Company Name Marketbright Mailing Address 1150 Bayhill Dr. San Bruno, CA 94066 Company Description Marketbright is an on-demand marketing automation platform which enables self-service campaign execution, automated lead scoring and qualification, and closed-loop marketing analytics. Website http://www.marketbright.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms … Continue reading “Act-On Software Acquires Marketbright for Undisclosed Sum”

Smartling Obtains $10,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0aadb45c-c6b0-41e6-8bb3-37608751bb01&Preview=1 Date 7/27/2011 Company Name Smartling Mailing Address 15 Jennifer Lane Rye Brook, NY 10573 Company Description The web is world-wide, but English isn’t. Research shows most people won’t buy from sites that aren’t in their native tongues. Smartling makes it easy to create multilingual sites — and turn global visitors into … Continue reading “Smartling Obtains $10,000,000 Series B Funding Round”

TribeHR Obtains $1,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe5f2521-93b3-497e-acea-2e590d45af3c&Preview=1 Date 7/27/2011 Company Name TribeHR Mailing Address 1000 Winter Street Waltham, MA 02451 Company Description TribeHR is an exciting development in the world of human resource management: our innovative features will allow your company to focus more on what you do best and less on things that get in the way … Continue reading “TribeHR Obtains $1,000,000 New Round”

SeniorHomes.com Secures $3,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=11f548be-2869-42d9-bd56-d539fb22a5a4&Preview=1 Date 7/27/2011 Company Name SeniorHomes.com Mailing Address 2722 Eastlake Ave E Seattle, WA 98102 Company Description We understand that the process of looking for a Senior Home is emotional, time consuming and important.Our directory of Senior Homes has information on tens of thousands of options, with many in your local area. … Continue reading “SeniorHomes.com Secures $3,000,000 New Funding”

Novira Therapeutics Secures $2,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cec930b4-2f0a-4a4e-ab53-f89ff7e904f9&Preview=1 Date 7/27/2011 Company Name Novira Therapeutics Mailing Address Undisclosed Los Angeles, CA 90041 Company Description Novira is an antiviral drug discovery company launched in 2009 that is focused on the discovery of novel, first-in-class therapeutics for the treatment of HBV and HIV, two global diseases in need of better therapies. The … Continue reading “Novira Therapeutics Secures $2,500,000 New Round”

Brooks Automation Acquires Nexus Biosystems for $86,700,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e141af58-fb37-4884-9ccd-04e03eff0084&Preview=1 Date 7/27/2011 Company Name Nexus Biosystems Mailing Address 12140 Community Road Poway, CA 92064 Company Description NEXUS Biosystems, a privately held company based in Poway, California, USA, has since 1996 been a developer and provider of enabling technologies and automation systems for pharmaceutical, biotech, agrochemical and academic research institutions worldwide. Website … Continue reading “Brooks Automation Acquires Nexus Biosystems for $86,700,000”

Horizon Pharma Obtains $49,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ee5d505c-3ceb-4088-ad1a-065309eca7ec&Preview=1 Date 7/27/2011 Company Name Horizon Pharma Mailing Address 1033 Skokie Boulevard Northbrook, IL 60062 Company Description Horizon Pharma, Inc. (NASDAQ: HZNP) is a biopharmaceutical company focused on the rapid development and commercialization of therapeutic treatments for mild-to-moderate pain management. The Company is building a novel portfolio of therapies through innovative combinations … Continue reading “Horizon Pharma Obtains $49,500,000 New Round”

Segmint Secures $250,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0fb1e298-1b47-4f5f-aad6-d3736638cc53&Preview=1 Date 7/27/2011 Company Name Segmint Mailing Address 30B Northwest Ave Tallmadge, OH 44278 Company Description SEGMINT’s software will enable analyses of every aspect of a consumer’s spending habits, from a wide variety of data sources. Utilizing its Technical and Service Partnerships, the Company will be capable of accessing consumer data down … Continue reading “Segmint Secures $250,000 New Financing”

Read It Later Lands $2,500,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ec6d7a2f-3619-414d-8225-0eb8fd9379dc&Preview=1 Date 7/27/2011 Company Name Read It Later Mailing Address 562A Belvedere Street San Francisco, CA 94117 Company Description Read It Later lets you save what you find on the web to watch and read on any device, at anytime. It’s been called “a DVR for the web” by the New York … Continue reading “Read It Later Lands $2,500,000 Series A Funding Round”

Peloton Therapeutics Lands $18,000,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b2d5a471-ff55-4f81-8d0d-44c63b70d9cc&Preview=1 Date 7/27/2011 Company Name Peloton Therapeutics Mailing Address 1700 Owens Street San Francisco, CA 94158 Company Description Working in close collaboration with scientists at UT Southwestern, Peloton is advancing a promising discovery and development pipeline, comprised of several small molecule-based programs, each with a distinct target and mechanism of action. Peloton’s … Continue reading “Peloton Therapeutics Lands $18,000,000 Series A Financing Round”

Phizzle Garners $3,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e5ad0b2c-b67a-403f-b74a-52aa98beb94c&Preview=1 Date 7/27/2011 Company Name Phizzle Mailing Address 199 Stanyan San Francisco, CA 94115 Company Description In a world where everyone is mobile and brands require more from their marketing campaigns – Phizzle creates an effective, easy and simple solution for brand engagement and interaction — anytime, anywhere. We are the leading … Continue reading “Phizzle Garners $3,000,000 Series A Financing”

GoPollGo Garners New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d0c6bfd-dc54-467f-8964-915470584e73&Preview=1 Date 7/27/2011 Company Name GoPollGo Mailing Address 460 S California Ave Palo Alto, CA 94306 Company Description GoPollGo is just getting started on our quest for world poll domination and is expanding the team! We’re looking to change the polling/survey space. You’ll be joining us at an exciting early stage where … Continue reading “GoPollGo Garners New Financing”

Azumio Receives $2,500,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f509f9c-9dc9-4bab-8b92-ddf9c592bb00&Preview=1 Date 7/27/2011 Company Name Azumio Mailing Address Undisclosed Palo Alto, CA 94301 Company Description Azumio is a stealthy, revenue generating startup dedicated to improving the health of all people. Website http://www.azumio.com Transaction Type Venture Equity Transaction Amount $2,500,000 Transaction Round Series A Proceeds Purposes The company will use the new investment … Continue reading “Azumio Receives $2,500,000 Series A Round”

Crowdtap Obtains $7,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a1063d8-36dc-4254-895e-88cc4356b7cc&Preview=1 Date 7/27/2011 Company Name Crowdtap Mailing Address 225 Park Ave South 16th Floor New York, NY 10003 Company Description The company intends to shift marketing to a fully collaborative and participatory process between brands and consumers. Website http://www.crowdtap.com Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round Undisclosed Proceeds Purposes The … Continue reading “Crowdtap Obtains $7,000,000 New Funding Round”

AHAlife.com Lands $6,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ee63cc5c-a69e-4e95-bc04-aad9c3735249&Preview=1 Date 7/27/2011 Company Name AHAlife.com Mailing Address 45 Bond Street 4th Floor New York, NY 10012 Company Description Some things are just meant to go together. AHAlife is the online discovery destination where you can learn about – and purchase – the best unique products from around the world, collectively curated … Continue reading “AHAlife.com Lands $6,000,000 New Funding Round”

Peloton Therapeutics Secures $18,000,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b2d5a471-ff55-4f81-8d0d-44c63b70d9cc&Preview=1 Date 7/27/2011 Company Name Peloton Therapeutics Mailing Address 2330 Inwood Road Dallas, TX 75235 Company Description Working in close collaboration with scientists at UT Southwestern, Peloton is advancing a promising discovery and development pipeline, comprised of several small molecule-based programs, each with a distinct target and mechanism of action. Peloton’s vision … Continue reading “Peloton Therapeutics Secures $18,000,000 Series A Funding”

Evernote Trunk Conference

Evernote, the Mountain View, CA-based provider of the well-known online notekeeping service, will hold a day of sessions designed to help developers take advantage of the Evernote platform. The details are below, courtesy of Evernote; information here, registration here. The Evernote Trunk Conference (ETC) is a full day of sessions, workshops and discussions designed to … Continue reading “Evernote Trunk Conference”

IPO Activity Returns to Pre-Recession Levels in Second Quarter

The economic deep freeze is thawing for IPOs on U.S. exchanges, according to a quarterly report issued today by the Ernst & Young accounting firm. The number of companies in registration for an initial public offering increased to 140 during the three months that ended June 30, according to the latest the “Ernst & Young … Continue reading “IPO Activity Returns to Pre-Recession Levels in Second Quarter”

Intellectual Ventures Responds to Public Radio Investigation

Intellectual Ventures, the Bellevue, WA-based patent licensing and invention firm, has responded on its blog to a recent report by the influential public radio program “This American Life” that delved into the controversy around intellectual property rights—and specifically, the accusation that IV is a massive “patent troll” that uses its trove of intellectual property to … Continue reading “Intellectual Ventures Responds to Public Radio Investigation”

Illumina Sales Climb 36%, Profits Flat

San Diego-based Illumina (NASDAQ: [[ticker:ILMN]]), the market-leading maker of gene sequencing instruments, said today that its sales climbed 36 percent, to $287.5 million, in the quarter that ended June 30. The company turned a profit of $30.6 million in the quarter, a 2.7 percent increase compared with the $29.8 million profit in the same period … Continue reading “Illumina Sales Climb 36%, Profits Flat”

A123, Joule Forge Ahead in Wind Energy Storage and Biofuels

Busy day for a couple of well-known cleantech companies around Boston. One public company has signed a big deal in China, while the other, an ambitious upstart, is carefully protecting its intellectual property as it heads toward large-scale commercialization. —A123 Systems (NASDAQ: [[ticker:AONE]]), the Waltham, MA-based maker of lithium ion batteries, said today it has … Continue reading “A123, Joule Forge Ahead in Wind Energy Storage and Biofuels”

MI Businesses First to Benefit From New U.S. Investment Initiative

The U.S. Small Business Association (SBA) today announced a partnership with Dow Chemical and state investment funds to help finance second-stage growth companies in Michigan, the first state in the nation to take part in the new nationwide investment initiative. The InvestMichigan! Mezzanine Fund, part of the $1 billion Start-Up America Impact Investment SBIC Initiative, will pump … Continue reading “MI Businesses First to Benefit From New U.S. Investment Initiative”

Zillow, Inrix, Glympse: Your 1-Minute Week in Seattle Tech News

Zillow’s stock market debut dominated the past week of Seattle tech headlines here at Xconomy, and it’s one of the top stories of the year for the Northwest tech business scene. The significance extends beyond the raw facts and figures of Zillow’s (NASDAQ: [[ticker:Z]]) business, which aren’t mind-blowing—the company is growing but unprofitable, and only … Continue reading “Zillow, Inrix, Glympse: Your 1-Minute Week in Seattle Tech News”

Nodeable Raises $2M

San Francisco startup Nodeable, which is building a cloud analytics system with a friendly user interface modeled on social networking sites, said today that it has completed a $2 million Series A funding round led by True Ventures. The startup, whose system is currently in closed beta testing, is also backed by Crosslink Capital. “Nodeable’s new … Continue reading “Nodeable Raises $2M”

WePay, Violin Memory, True U: The 1-Minute Summary of Last Week’s Bay Area BizTech News

We usually bring you our review of the previous week’s business and technology news on Monday. But yesterday was so full of breaking news (Airbnb’s huge venture round, Innovalight’s acquisition by DuPont) that I just didn’t have time to write it. So, at the risk of dwelling on what’s now ancient history, here’s what we … Continue reading “WePay, Violin Memory, True U: The 1-Minute Summary of Last Week’s Bay Area BizTech News”

Wildcat Discovery Raises $7.5M to Develop Advanced Cleantech Materials

Wildcat Discovery Technologies, a five-year-old San Diego startup applying high-throughput screening technologies in cleantech materials development, has raised $7.5 million through a combination of equity, convertible debt, and securities, according to a recent regulatory filing. The total includes $685,000 in warrants convertible to preferred shares. Wildcat’s work is focused on identifying and developing new materials … Continue reading “Wildcat Discovery Raises $7.5M to Develop Advanced Cleantech Materials”

750k for Are You A Human?

Are You A Human?, the developer of an alternative to the ubiquitous CAPTCHA human-verification test that is designed to block spammers, has raised a $750,000 Series A financing round, according to a press release. Detroit Venture Partners, whose CEO Josh Linkner showcased Are You A Human?  last week as one of the firms it had … Continue reading “750k for Are You A Human?”

Taulia Collects $8.5M

Taulia, a San Francisco startup whose Web-based system helps suppliers of goods and service get paid faster by their customers, announced today that it has closed a Series B funding round totaling $8.5 million. New investor DAG Ventures led the round, which was joined by existing investors Matrix Partners and Trinity Ventures. The company said … Continue reading “Taulia Collects $8.5M”

$8M for WhiteHat Security

Santa Clara, CA-based WhiteHat Security, a 10-year-old company that provides website security for e-commerce, financial services, information technology, and healthcare companies, has collected $8 million in new funding from new backer Investor Growth Capital. Brian Mulvey, a vice president at Investor Growth Capital, has joined the company’s board. Previous investors Altos Ventures, Garage Technology Ventures, Horizon … Continue reading “$8M for WhiteHat Security”