New York City-based Coronado Biosciences has raised $25.8 million, according to a regulatory filing. The company is developing immunotherapy approaches to treating acute myeloid leukemia, inflammatory bowel disease, multiple sclerosis, and other autoimmune diseases. It previously raised $21.6 million in November 2010.
FADE IN: NewBlue Founders Bring FX Catalog to Mobile Video Platform
Melissa Jordan Grey and Todor Fay trapped lightning in a bottle when they sold their Atlanta-based music software startup, Blue Ribbon SoundWorks, to Microsoft in 1995 (for an undisclosed amount). As part of the deal, they joined Microsoft (NASDAQ: [[ticker:MSFT]]), which merged their audio editor software with its DirectSound technology. As they tell the story, … Continue reading “FADE IN: NewBlue Founders Bring FX Catalog to Mobile Video Platform”
Rib-X Inks Research Agreement With Sanofi
New Haven, CT-based Rib-X Pharmaceuticals announced today that it could receive about $772 million from Sanofi (NYSE: [[ticker:SNY]]) under a new research collaboration and option for Sanofi to license novel classes of antibiotics from Rib-X’s RX-04 program for the treatment of resistant Gram-negative and resistant Gram-positive infections. Sanofi paid $10 million upfront and could pay … Continue reading “Rib-X Inks Research Agreement With Sanofi”
DynaTrace Acquired by Compuware for $256M to Make Business Software Run Better
Another Boston-area business software company exits the scene today via acquisition. Following in the footsteps of Gomez (and many others), Waltham, MA-based DynaTrace, which helps companies manage the performance of their software applications, has been bought by Detroit-based Compuware (NASDAQ: [[ticker:CPWR]]) for $256 million in cash. The deal closed on July 1. DynaTrace has 180 … Continue reading “DynaTrace Acquired by Compuware for $256M to Make Business Software Run Better”
Zipline’s Moai Powering “Crimson,” the First Mobile Game Release through Bungie Aerospace
The gaming industry’s ears recently perked up with news that Bungie, the studio behind the hit Xbox franchise Halo, wanted to give mobile game developers more thrust behind their products with its new Bungie Aerospace platform. It turns out that one Seattle startup was a little more interested than most. Zipline Games, based in South … Continue reading “Zipline’s Moai Powering “Crimson,” the First Mobile Game Release through Bungie Aerospace”
New Energy Symposium
This full-day conference will feature keynote addresses and presentations from several emerging cleantech start-ups. Speakers include Lawrence Murphy, manager of enterprise development programs for the National Renewable Energy Laboratory, Warner Babcock, chairman and CEO of Advanced Materials Partners, and John Cococcia, partner and founder of FA Technology Ventures. Register here.
Green Executive Workshop
This panel event will explore the economic benefits of energy conservation, covering topics such as the energy industry in relation to property owners’ and building managers’ facilities, local laws affecting owners, and critical strategies for developing energy conservation programs. Experts from Urban Green Council, Eneractive Solutions, NYSERDA, and the BCxA will appear. Register here.
The Energy Question: Crises, Costs—and Alternatives
This panel event will feature experts from across the energy sectors—finance, renewables, oil—discussing such issues as the sustainability of alternative energies, innovating new technologies, financing renewable energy, and educating consumers. Speakers from First Solar, Credit Suisse, Hess, and Evolution Markets will participate. Register here.
Amazon Unit Quidsi Expands From Diapers and Soap to Dogs and Cats, With New Site Wag.Com
Today Jersey City, NJ-based e-commerce provider Quidsi—which was bought by Amazon in November for $500 million—is launching Wag.com, an online warehouse that will offer more than 10,000 products for dogs, cats, fish, birds, and just about every other critter that families welcome into their homes. The site will operate independently of Amazon, similar to Quidsi’s … Continue reading “Amazon Unit Quidsi Expands From Diapers and Soap to Dogs and Cats, With New Site Wag.Com”
Alkermes Wins Over Investors With Plan To Become Trans-Atlantic “Big Biotech”
Richard Pops went on hiatus for a while as CEO of Alkermes, and when he returned in September 2009, he vowed to put the company back in “building mode.” It could have been dismissed as rah-rah rhetoric, but over the past couple of months, the investment community has started to rally behind Pops’ bold plan … Continue reading “Alkermes Wins Over Investors With Plan To Become Trans-Atlantic “Big Biotech””
Iota, led T-Mobile Vets, Seeks a Simpler Way to Navigate the ‘Internet of Things’
With big bets by the titans of technology and consumer finance, 2011 is becoming the year that American business got serious about jumpstarting the “Internet of things“—a broad web of digitally enhanced locations that consumers can navigate the same way they now use smartcards to pay their bus fare or open security doors at work. … Continue reading “Iota, led T-Mobile Vets, Seeks a Simpler Way to Navigate the ‘Internet of Things’”
I Love Entrepreneurs, But Not as My Science Teacher
“If you think education is expensive, try ignorance.” It may be just a bumper sticker aphorism, but lately it’s got me thinking. Peter Thiel, early Facebook investor and Paypal cofounder, announced recently that he’s offering $100,000 to 24 young people to drop out of school and pursue an entrepreneurial idea in Silicon Valley. Thiel says … Continue reading “I Love Entrepreneurs, But Not as My Science Teacher”
aTyr Pharma Looks to Strike Balance Between Nonprofits, and Really Big For-Profits
Quite a few biotech entrepreneurs are thinking hard these days about how to reinvent the industry’s wobbling business models, and one of these interesting experiments is happening at San Diego-based aTyr Pharma. John Mendlein, the well-known entrepreneur who splits time as the executive chairman at both San Diego-based aTyr Pharma and Fate Therapeutics, says that … Continue reading “aTyr Pharma Looks to Strike Balance Between Nonprofits, and Really Big For-Profits”
PayScale Lands $7M
PayScale, a Seattle company that provides real-time compensation data to employers and employees, says it has raised a $7 million financing round to expand sales and marketing. SAP Ventures was the lead investor, joined by Burke Dale Victor, Fluke Venture Partners, Madrona Venture Group, SAP Ventures, and Trinity Ventures. In a statement, CEO Mike Metzger … Continue reading “PayScale Lands $7M”
Zynga Files For IPO, Brightcove Inks Boston Lease, Lotus Adds $26M, & More Boston-Area Deals News
New England biotechs helped make some deals headlines in the last week, while other startups have been a bit quieter surrounding the holiday weekend. —Boston-based cancer drug developer Acetylon Pharmaceuticals nabbed $27 million in Series B financing from individual investors, bringing its funding pot $40 million, including a mix of federal grants, private financing, and … Continue reading “Zynga Files For IPO, Brightcove Inks Boston Lease, Lotus Adds $26M, & More Boston-Area Deals News”
Compuware Acquires dynaTrace for $256,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1fbef046-55e2-435f-9787-40deb3031c3d&Preview=1 Date 7/6/2011 Company Name dynaTrace Mailing Address 400-1 Totten Pond Rd. Second Floor Waltham, MA 02451 Company Description We provide innovative performance-diagnostics solutions for mission-critical, cross-platform applications. Our mission is to offer top-quality products, excellent service, and unrivalled support worldwide. We are committed to developing company-wide diagnostics solutions that fulfill the … Continue reading “Compuware Acquires dynaTrace for $256,000,000”
Callidus Software Acquires ICentera for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8bd301f5-8461-42b3-88e5-8022bbeef78f&Preview=1 Date 7/6/2011 Company Name ICentera Mailing Address 14551 Judicial Road Burnsville, MN 55306 Company Description iCentera has modeled the icSuite product line after the business processes and real case scenarios of marketing, sales, and service organizations. Website http://www.icentera.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial … Continue reading “Callidus Software Acquires ICentera for Undisclosed Sum”
NVELO Lands $6,555,160 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d8129149-ad9a-4afd-ace3-143e01172fd7&Preview=1 Date 7/6/2011 Company Name NVELO Mailing Address 5201 Great America Parkway Santa Clara, CA 95054 Company Description NVELO, Inc. is a pioneer in innovative storage software, bringing new intelligence into storage subsystems to break the I/O bottleneck in today’s computing systems. Formed as a spin-off company during the acquisition of Denali … Continue reading “NVELO Lands $6,555,160 Series A Financing”
SpineVision Obtains $5,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e4bd8f7d-9856-42c0-8f32-d79496dfb18f&Preview=1 Date 7/6/2011 Company Name SpineVision Mailing Address 301 Howard Street San Francisco , CA 94105 Company Description SpineVision is a privately owned, integrated spinal technology company focused on design, development and marketing of implants and instrumentation for spinal surgery. Website http://www.spinevision.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Undisclosed … Continue reading “SpineVision Obtains $5,000,000 New Financing”
Coronado Biosciences Receives $25,784,568 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b58b9d56-ca69-4c03-80d6-8975d49c2e9c&Preview=1 Date 7/6/2011 Company Name Coronado Biosciences Mailing Address 45 Rockefeller Plaza New York, NY 10111 Company Description Coronado Biosciences is a clinical stage biopharmaceutical company focused on making cancer care better. How do we define better? We hope to make cancer care safer and more easily tolerated with improved outcomes. Website … Continue reading “Coronado Biosciences Receives $25,784,568 New Funding”
Precision Biopsy Obtains $2,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3cf11f2-0e9b-444f-9b82-d28cf64d38f2&Preview=1 Date 7/6/2011 Company Name Precision Biopsy Mailing Address 33 Arch Street Boston, MA 02110 Company Description Precision Biopsy, LLC was formed in partnership with Allied Minds to develop and commercialize novel technology for the accurate diagnosis of prostate cancer. The company’s diagnostic technology uses advanced spectroscopy imaging techniques in combination with … Continue reading “Precision Biopsy Obtains $2,500,000 New Financing”
Hawthorne Labs Secures $5,192,555 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f4c1833c-3e3d-43e9-a48f-9343e9c59ae8&Preview=1 Date 7/6/2011 Company Name Hawthorne Labs Mailing Address 129 Hawthorne Ave Palo Alto, CA 92708 Company Description Hawthorne Labs is a team of crazy entrepreneurs looking to revolutionize the way that people discover great content. We started in a small apartment on Hawthorne Ave in Palo Alto with 8 large whiteboards … Continue reading “Hawthorne Labs Secures $5,192,555 New Financing”
Tastytrade Lands $20,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=52b9ca46-7131-452f-a743-c5aa7979cf78&Preview=1 Date 7/6/2011 Company Name Tastytrade Mailing Address 62 West Huron Street Chicago, IL 60654 Company Description Tastytrade is different. It’s something that even our parents can use to understand a Lil Wayne rap song and save money. Or where our 20-year-old niece can learn more about actionable finance than an internship … Continue reading “Tastytrade Lands $20,000,000 New Financing Round”
Petflow Secures $10,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=22032372-2a4e-41d6-9b81-157884add15b&Preview=1 Date 7/6/2011 Company Name Petflow Mailing Address 1140 Broadway New York, NY 10001 Company Description The company operates an online service that allows users to purchase pet products. Website http://www.petflow.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series B Proceeds Purposes The new round of funding will be used … Continue reading “Petflow Secures $10,000,000 Series B Funding Round”
Surefire Medical Obtains $6,100,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7cef0785-2dde-4fcd-8751-4ba886e7ec6a&Preview=1 Date 7/6/2011 Company Name Surefire Medical Mailing Address 8601 Turnpike Drive Westminster, CO 80031 Company Description The Surefire Infusion System is designed to precisely deliver embolic agents through the sophisticated expandable tip portion of its catheter. Website http://www.surefiremedical.com Transaction Type Venture Equity Transaction Amount $6,100,000 Transaction Round Series A Proceeds Purposes … Continue reading “Surefire Medical Obtains $6,100,000 Series A Financing”
Hart InterCivic Lands New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=763e1520-7e42-47af-be69-6a1aba35d406&Preview=1 Date 7/6/2011 Company Name Hart InterCivic Mailing Address 15500 Wells Port Drive Austin, TX 78728 Company Description Hart is a leading national provider of proven election voting systems, management products and services — total solutions for state-, county- and city-level elections. Our technology is solid, accurate, and field-tested in countless races … Continue reading “Hart InterCivic Lands New Financing”
CareFusion Buying Germany’s Rowa
San Diego-based CareFusion (NYSE: [[ticker:CFN]]) says it has agreed to pay roughly $150 million to acquire Rowa, a German company that makes robotic equipment used in pharmacies for high-speed storage and retrieval of pre-packaged pharmaceutical products. In a statement today, CareFusion Chairman and CEO Kieran Gallahue calls Rowa “the clear pharmacy automation leader in Western … Continue reading “CareFusion Buying Germany’s Rowa”
OncoSec Medical Raises $3M
San Diego’s OncoSec Medical, which trades on the over-the-counter bulletin board as ONCSD, recently raised $3 million through a private stock placement with rights to acquire additional securities at set prices, according to a regulatory filing. In a statement last week, the company says the deal includes a series of warrants that enables the buyer … Continue reading “OncoSec Medical Raises $3M”
Zuckerberg Promises “Something Awesome,” Likester Parses Facebook Data, RevenueLoan Recalibrates, & More in Seattle-Area Tech News
How does one of the world’s hottest web properties keep up with insane user growth, continue adding features, and still keep the whole thing held together? To hear the head honchos of Facebook tell it, the answer isn’t to just vacuum up all the engineers you can find. Instead, founder and CEO Mark Zuckerberg and … Continue reading “Zuckerberg Promises “Something Awesome,” Likester Parses Facebook Data, RevenueLoan Recalibrates, & More in Seattle-Area Tech News”
TeraDiode, MIT Lincoln Lab Spinoff, Trying to Create the Future of Laser Weapons & Welding
If laser weapons and tools ever become mainstream, it might be because of a quiet little company called TeraDiode. Sure, there are lots of more imminent (and perhaps more practical) applications for the Littleton, MA-based laser firm—welding, cutting metal, illuminating targets, and so forth—but blowing stuff up is what a laser was meant to do. … Continue reading “TeraDiode, MIT Lincoln Lab Spinoff, Trying to Create the Future of Laser Weapons & Welding”
Twitter Buys BackType
BackType, creator of a system called Storm for distributed realtime data processing, said today in a blog post that it has been acquired by San Francisco-based Twitter. BackType had created a system called BackTweets that allowed publishers to monitor the marketing impact of their Twitter posts. That system has now been closed to new signups, … Continue reading “Twitter Buys BackType”
Nvelo Stores $6.6M
Nvelo, a Santa Clara, CA-based startup that makes high-capacity solid state Flash drives for Windows and Linux PCs, has raised $6.55 million in a round of equity and debt financing, according to a regulatory filing. The startup was formed as a spinoff last year during Denali Software’s acquisition by Cadence Systems.
Apture, Stipple, Zynga: The 1-Minute Version of Last Week’s Bay Area BizTech News
Fresh back from vacation last week, I dived back into the Bay Area tech news scene with three long news profiles, an e-book review column, and a smattering of other stories. —I profiled True Ventures, a six-year-old venture firm focused on early stage infotech companies. With only four full-time partners managing $378 million, the firm … Continue reading “Apture, Stipple, Zynga: The 1-Minute Version of Last Week’s Bay Area BizTech News”
$3.3M for Summit Microelectronics
Sunnyvale, CA-based Summit Microelectronics has collected $3.3 million in a round of equity-based financing that could top out at $5 million, according to a regulatory filing. The company makes battery chargers, power supplies, and other power management devices. Past investors include August Capital, Bessemer Venture Partners, FirstMark Capital, Hotung Capital Management, Nokia Growth Partners, and … Continue reading “$3.3M for Summit Microelectronics”
Glowpoint Gets Nearly $1.6M from Avaya
Glowpoint (OTCBB: [[ticker:GLOW]]) in Murray Hill, NJ, has raised nearly $1.6 million in equity financing, according to regulatory filings with the SEC. The company is a provider of telepresence and video conferencing management services. Glowpoint generated $32,000 in profits on $7 million in revenue for the quarter ending on March 31. Glowpoint issued a total of … Continue reading “Glowpoint Gets Nearly $1.6M from Avaya”
Brightcove Moving to Boston, Looks to Hire
Cambridge, MA-based Brightcove, the digital media and video hosting firm, said today it is planning to move from One Cambridge Center to Atlantic Wharf on the Boston waterfront in April 2012. The company, which was founded in 2004, has signed a 10-year lease for an 82,000-square-foot office space at 290 Congress Street. Brightcove has 280 … Continue reading “Brightcove Moving to Boston, Looks to Hire”
Regado Pulls in $11.6 Million
Basking Ridge, NJ-based Regado Biosciences has raised $11.6 million, according to a regulatory filing. The company’s lead compound is an anticoagulant for patients suffering from acute coronary syndrome. It is also working on a treatment for venous thrombosis and is searching for antiplatelet therapies. The most recent funding was part of a $21.5 million round. … Continue reading “Regado Pulls in $11.6 Million”
Green Breakfast Club
Join fellow green entrepreneurs for this breakfast and structured networking designed to foster intergenerational mentoring, as well as bartering of resources, service,s and ideas. Douglas Cohen, co-author of the Sustainable Enterprise Fieldbook, will be the keynote speaker. Register here.
Selling to Middle America
Want to learn how to reach audiences beyond the cool tech crowd? Come to this session to pick up tips on how to use sweepstakes and contests, identifying the right customer, and choosing compelling copy and design strategies. Speakers include Jump Ramp Games co-founders Alex Betancur and Tony Vartanian. Register here.
Legend 3D Lays Off 15 Percent, Avalon Ventures Holds 6.1 Percent of Zynga, SweetLabs Launches App Platform for PCs, & More San Diego BizTech News
There was no shortage of news from San Diego’s high-tech business front last week. If you’ve been on a holiday the past few days, here’s your chance to get up to speed. —Legend 3D, the San Diego-based 3D film conversion specialist, laid off 15 percent of its local workforce Friday, according to a note I … Continue reading “Legend 3D Lays Off 15 Percent, Avalon Ventures Holds 6.1 Percent of Zynga, SweetLabs Launches App Platform for PCs, & More San Diego BizTech News”
Brand in a Box: Branding for Entrepreneurs
This full-day educational event is designed to teach entrepreneurs everything they need to know to create a valuable brand. Instructors include Julie Cottineau, V.P. of Brand at Virgin, and Alessandra Lariu, a co-founder of SheSays. Register here.
DevCon5
This HTML5 conference will unite developers, designers, architects, technology leaders, and business strategists. Attendees will learn about user experience design and security, building new business models for the mobile Web, browser compatibility, and more. Register here.
NY Tech Networking Roundtable
This first-time networking event will be designed to facilitate introductions between entrepreneurs, startups, engineers, developers, investors, and job-seekers. The evening will include short demos and will feature guest experts Heather Gilchrist of RAK Tech Fund, and John Quinn, V.P. of engineering at Gilt Groupe. Register here.
Comixology Builds One-Stop Shop for Comics Publishers, Retailers, and Fans
Comixology’s small staff of 24 comic-book freaks are working around the clock these days, preparing for one of the biggest changes their industry has ever seen: On Aug. 31, mega-publisher DC Comics will begin releasing its titles digitally and in paper form on the same day. Until now, there’s been a lag of at least … Continue reading “Comixology Builds One-Stop Shop for Comics Publishers, Retailers, and Fans”
Entrepreneurial Walk of Fame Looking Real-September 16 Launch Targeted
It’s an idea people love the instant they hear it: movies stars have their Walk of Fame out in Hollywood, so entrepreneurs should have one, too—and what better place than right here in Kendall Square, the most fertile, concentrated ground for entrepreneurship in the world? Last August, Xconomy was first to report on the idea … Continue reading “Entrepreneurial Walk of Fame Looking Real-September 16 Launch Targeted”
Optivia Biotech Finds its Way to Profits, With a Little Help from Friends at the FDA
Get most biotech executives talking about the FDA, and they usually tiptoe around with diplomatic sound bites, or maybe they’ll grumble about what they consider unreasonable burdens and arbitrary decisions by the U.S. drug regulatory agency. The guys at Menlo Park, CA-based Optivia Biotechnology have a completely different take. “The tougher the FDA gets, the … Continue reading “Optivia Biotech Finds its Way to Profits, With a Little Help from Friends at the FDA”
Seattle Genetics, On the Verge of Going Commercial, Seeks to Keep Its Scientific Soul
Just glance at the name, Seattle Genetics, and you get the drift this is a science-based company. But Seattle Genetics is morphing into something bigger and more valuable, which creates a whole new challenge: How do you maintain an inspired scientific culture from the early days, while living up to the cold market reality to … Continue reading “Seattle Genetics, On the Verge of Going Commercial, Seeks to Keep Its Scientific Soul”
Syndax Moves Closer to Pivotal Trials of Selective Lung Cancer Treatment
Executives from Syndax Pharmaceuticals are spending their post-holiday week in Amsterdam, where they’ll be presenting three sets of data on the company’s lung cancer drug at the International Association for the Study of Lung Cancer conference. The drug, called entinostat, is in Phase 2 clinical testing, the results of which will be critical to advancing … Continue reading “Syndax Moves Closer to Pivotal Trials of Selective Lung Cancer Treatment”
Twitter Acquires BackType for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=079a9faa-e3e1-423e-a9e4-3dc4f1954a0a&Preview=1 Date 7/5/2011 Company Name BackType Mailing Address 542 Brannan Street San Francisco, CA 94107 Company Description The company operates a search engine that finds, tracks and shares Web 2.0 comments. Website http://www.backtype.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not … Continue reading “Twitter Acquires BackType for Undisclosed Sum”
Blue Cod Technologies Secures $3,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5c1990ee-8c06-492a-8ee1-fce680c9cf63&Preview=1 Date 7/5/2011 Company Name Blue Cod Technologies Mailing Address 295 Donald Lynch Blvd. Marlborough, MA 01752 Company Description Blue Cod Technologies, Inc. delivers Management and IT consulting, innovative software solutions and applications outsourcing services for today’s service industries such as insurance, financial services and utilities. Website http://www.bluecod.net Transaction Type Venture Equity … Continue reading “Blue Cod Technologies Secures $3,000,000 New Round”