Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a09a6001-1256-4d99-8022-999e34c3daa8&Preview=1 Date 7/5/2011 Company Name PayScale Mailing Address 315 5th Avenue South Seattle, WA 98104 Company Description PayScale is a market leader in online compensation and benefit information, providing access to accurate compensation data for both employees and employers. Website http://www.payscale.com Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round Undisclosed Proceeds … Continue reading “PayScale Garners $7,000,000 New Funding”
Summit Microelectronics Garners $3,309,494 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00e7b468-1254-4060-83ee-16b2cd1e955d&Preview=1 Date 7/5/2011 Company Name Summit Microelectronics Mailing Address 757 N. Mary Avenue Sunnyvale, CA 94085 Company Description Summit Microelectronics is the leader in flexible, multiple-output power management solutions, for the consumer, communications and computing markets, integrating precision power regulation with sophisticated digital control in a single chip. Website http://www.summitmicro.com Transaction Type … Continue reading “Summit Microelectronics Garners $3,309,494 New Financing”
Tapjoy Obtains $30,000,000 Series D Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=80986fe7-a858-455c-a521-87e9d2afc9d7&Preview=1 Date 7/5/2011 Company Name Tapjoy Mailing Address 111 Sutter St. 13th Floor San Francisco, CA 94104 Company Description The company’s turnkey alternative payment platform enables developers to significantly increase their monetization rates when selling virtual goods or premium digital assets, while its cross-platform distribution services provide massive reach and cost-effective user … Continue reading “Tapjoy Obtains $30,000,000 Series D Funding”
Mobibucks Secures $5,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=23afe804-d21a-47e3-8791-bba5f2f48066&Preview=1 Date 7/5/2011 Company Name Mobibucks Mailing Address 440 North Wolfe Rd Sunnyvale, CA 94085 Company Description Mobibucks is a free, fast and secure mobile payment solution enabling consumers to make cashless transactions. Mobibucks is led by a combination of payment industry veterans and innovative entrepreneurs working together with leading edge retailers … Continue reading “Mobibucks Secures $5,000,000 Series A Financing Round”
CloudShare Garners $10,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b6c02b5-8c69-4abd-a410-dce04d260e00&Preview=1 Date 7/5/2011 Company Name CloudShare Mailing Address 2929 Campus Dr. San Mateo, CA 94403 Company Description CloudShare (formerly IT Structures) replicates fully-functional IT environments in the cloud in seconds, enabling you to give everyone their own copy of the same base system – their own personal datacenter replica – that they … Continue reading “CloudShare Garners $10,000,000 Series C Funding Round”
Piazza Secures $1,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=44fd6583-5b44-494c-a575-e3bd146719aa&Preview=1 Date 7/5/2011 Company Name Piazza Mailing Address PO Box 19148 Palo Alto, CA 94309 Company Description Piazza is a free, online collaboration platform for students and teachers to communicate about complex problems in real time. Website http://www.Piazza.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes … Continue reading “Piazza Secures $1,500,000 New Round”
Nestio Secures $768,002 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=596e4c68-aaff-48cc-b7d3-d8629f176bee&Preview=1 Date 7/5/2011 Company Name Nestio Mailing Address 312 Bowery New York, NY 10012 Company Description Nestio is the easiest way to organize your apartment hunt. Looking for a new place to live is stressful and time-consuming. Resources are scattered across numerous sites, false advertisements are frustrating, and dead-ends are common. We’re … Continue reading “Nestio Secures $768,002 New Financing”
A Roundtable Discussion on Near-Sourcing in Health Care
Connect and Invetech have organized this workshop and networking event to explore how near-sourcing is driving the future of healthcare. Industry leaders from Organovo, ViaCyte, Invetech, and Connect will discuss how the San Diego biotech industry is rich with capabilities and world-leading examples of technologies that are transforming global health. Online registration is here.
Frontiers in Science: Back From the Brink and the Science of Resuscitation
The UC San Diego Center for Resuscitation Science has developed a novel resuscitation paradigm that has doubled survival both in and out of the hospital, representing one of the few bright spots in resuscitation science over the past several decades. In addition, the center has fostered relationships with industry to create new sensor technology, improve … Continue reading “Frontiers in Science: Back From the Brink and the Science of Resuscitation”
Combined Conference on Advanced Energy, Energy Conversion, and Clean Power Propulsion Technologies
The American Institute of Aeronautics and Astronautics, the American Society for Mechanical Engineers, SAE International, and the American Society of Engineering Education are hosting a four-day conference on energy at the San Diego Convention Center. Topics to be discussed include energy conversion technology, advanced energy and power systems, energy conversion engineering, and advanced, reliable, and … Continue reading “Combined Conference on Advanced Energy, Energy Conversion, and Clean Power Propulsion Technologies”
Opportunities for Innovation with CROs in Outsourced Projects
All new chemical entities entering clinical development still require improvements in synthesis and formulation to become commercially viable, a process that can require a sizable investment. Partnering with a contract research organization (CRO) to deliver an innovative manufacturing process can be a strategic way to maximize the sponsor’s resources. Biocom has invited speakers from DavosPharma, … Continue reading “Opportunities for Innovation with CROs in Outsourced Projects”
TechFlash Ping Pong Tournament
The Seattle online tech news outlet’s third annual summer BBQ and ping-pong tournament includes guests from around the Seattle scene, including Akvelon CEO Sergei Dreizin, Whitepages sales VP John Ferraro and Silicon Valley Bank’s Minh Le. Prices vary, group discounts available. More details at the website.
Seattle Interactive Conference
A two-day event aimed at drawing hundreds of people from around the country to Seattle to talk aboiut technology, creativity, and emerging trends in one of the world’s most innovative cities. Anticipated speakers include Huffington Post chief technology officer Paul Berry and SEOmoz co-founder and CEO Rand Fishkin. More details at seattleinteractive.com.
Shifting Mindsets; Delivering Growth
This afternoon event is aimed at executives looking to identify growth opportunities within their companies. It’s put on by the management consulting firm Gap International. Sign up here.
Zynga Files for $1B IPO
Several days later than expected, San Francisco-based Zynga, the maker of blockbuster social and mobile games such as Farmville and Mafia Wars, has filed registration papers with the Securities and Exchange Commission in preparation for an initial public offering. The company, which has opened offices in Seattle and Boston in the past year, says it hopes to … Continue reading “Zynga Files for $1B IPO”
HBA Boston – The Art and Science of Networking (Yes, There Is A Science!)
Check out this evening event from the Healthcare Businesswomen’s Association for some practicable, actionable tips on networking. Register here.
Editor’s Picks: Xconomy Boston’s Top 20 Stories of the Second Quarter
Hold on to your lighter fluid there, Mr. Barbecue. Not so fast, Ms. I’m-Leaving-Early-For-The-Cape. Yes, I’m talking to you, Fourth of July holiday slackers. Actually, go ahead and slack off—this should go down pretty easy. At the end of each quarter, we like to look back at some of Xconomy’s top stories. These are not … Continue reading “Editor’s Picks: Xconomy Boston’s Top 20 Stories of the Second Quarter”
NextCAT Continues To Push Forward With The Help of Uncle Sam
The biofuels industry is still a difficult business to crack, but fortunately for startups like Detroit-based NextCAT, the government continues to believe in the technology. NextCAT Founder Charles Salley tells Xconomy that the company will likely win a $500,000 National Science Foundation (NSF) grant this month. The Wayne State University spinout, based at the TechTown … Continue reading “NextCAT Continues To Push Forward With The Help of Uncle Sam”
Three E-Books That Are Making the iPad Sing, Just in Time for Summer Reading Season
Technology changes quickly, and sometimes, so does my own mind. In January, I wrote a dismissive column about two e-book titles tailored for the Apple iPad, Alice for the iPad and Why the Net Matters. My main beef was that the apps, which had been lauded by the New York Times as “superbooks,” contained more … Continue reading “Three E-Books That Are Making the iPad Sing, Just in Time for Summer Reading Season”
Acorda Acquires Medtronic Drug, Fills Out Mid-Stage Neurology Pipeline
Today Hawthorne, NY-based Acorda Therapeutics (NASDAQ: [[ticker:ACOR]]) announced that it licensed an experimental compound to treat spinal cord injury from medical-device giant Medtronic (NYSE: [[ticker:MDT]]). Acorda paid $3 million up front for worldwide rights to the compound, and pledged up to $32 million in regulatory and development milestone payments to Medtronic, which is based in Minneapolis. … Continue reading “Acorda Acquires Medtronic Drug, Fills Out Mid-Stage Neurology Pipeline”
Acetylon Adds $27M, Third Rock Leads Lotus Round, InfraReDx Gets $24M, & More Boston-Area Life Sciences News
New England drug developers, health IT startups, and med devices firms all made life sciences this week. —Genentech brokered a rare deal to obtain an early-stage cancer drug program from Cambridge, MA-based Forma Therapeutics. On top of the more typical upfront payment, development costs coverage, research support, and development milestones, Genentech has the option to … Continue reading “Acetylon Adds $27M, Third Rock Leads Lotus Round, InfraReDx Gets $24M, & More Boston-Area Life Sciences News”
Chiasma Secures $5,115,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f2f54c2-33f3-465e-ba63-ccfac24598c7&Preview=1 Date 7/1/2011 Company Name Chiasma Mailing Address 831 Beacon St. Newton Center, MA 02459 Company Description Chiasma develops innovative solutions for the non-invasive delivery of protein drugs. Chiasma’s technology enables drugs to be administered into the bloodstream without the need for injections. Website http://www.chiasmapharma.com Transaction Type Venture Equity Transaction Amount $5,115,000 … Continue reading “Chiasma Secures $5,115,000 New Financing Round”
TouchCommerce Lands $2,999,999 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1eb7dbf9-6673-486a-9e79-23527be5a81c&Preview=1 Date 7/1/2011 Company Name TouchCommerce Mailing Address 30501 Agoura Road Agoura Hills, CA 91301 Company Description TouchCommerce is a leader in online interaction optimization. TouchCommerce solutions increase web site conversion for clients like Sprint, AT&T, Virgin Media, and Wyndham Hotels by 20% or more. TouchCommerce uses RightTouch real-time analytics to identify … Continue reading “TouchCommerce Lands $2,999,999 New Financing Round”
GreenVolts Secures $16,618,089 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0fad1c0d-d9a5-4570-91a3-0f07f772bfbe&Preview=1 Date 7/1/2011 Company Name GreenVolts Mailing Address 46400 Fremont Blvd. Fremont, CA 94538 Company Description The company develops solar concentration technology for utility applications. Website http://www.greenvolts.com Transaction Type Venture Equity Transaction Amount $16,618,089 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing – amended. M&A Terms Venture … Continue reading “GreenVolts Secures $16,618,089 New Financing”
Granicus Secures $300,800 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5adfe6f2-3366-4ced-be4c-3c35de2e6a93&Preview=1 Date 7/1/2011 Company Name Granicus Mailing Address 568 Howard Street San Francisco, CA 94105 Company Description Granicus, Inc. provides comprehensive solutions for creating, managing and distributing live and on-demand streaming media content to support and enhance public meeting communications, internal training and public education programs for local government. Website http://www.granicus.com Transaction … Continue reading “Granicus Secures $300,800 New Funding”
Vello Systems Garners $17,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=529ba04c-c5d8-4a73-925a-70d2926a9742&Preview=1 Date 7/1/2011 Company Name Vello Systems Mailing Address 1530 O’Brien Drive Menlo Park, CA 94025 Company Description Vello Systems engineers, manufactures, and markets ultra-low latency, multi-terabit cloud infrastructure systems for service providers, enterprise, and government institutions worldwide. Vello Systems’ is taking an innovative approach to solving problems related to capacity and … Continue reading “Vello Systems Garners $17,000,000 New Round”
Olympus Medical Acquires Spirus Medical for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=33977166-7e07-4ee6-ab04-53026b790f4a&Preview=1 Date 7/1/2011 Company Name Spirus Medical Mailing Address 375 West Street West Bridgewater, MA 02379 Company Description Spirus Medical, Inc., headquartered in Stoughton, Mass., was incubated and founded in 2005 by STD Med, Inc., a Stoughton-based manufacturer and developer of medical technologies. Spirus has developed a revolutionary Endoluminal Advancement System (EAS(TM)) … Continue reading “Olympus Medical Acquires Spirus Medical for Undisclosed Sum”
Cardiovascular Systems Obtains $4,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6071c35b-d8ed-4313-a1da-fc80e906202e&Preview=1 Date 7/1/2011 Company Name Cardiovascular Systems Mailing Address 651 Campus Drive New Brighton, MN 55112 Company Description Cardiovascular Systems Inc. (CSI) is comprised of a highly experienced, uniquely qualified team of experts experienced in the assessment, development and commercialization of medical devices for treating peripheral arterial disease. Website http://www.csi360.com Transaction Type … Continue reading “Cardiovascular Systems Obtains $4,000,000 New Financing”
RevenueLoan is now Lighter Capital
RevenueLoan, an alternative financing service for entrepreneurs, is changing its name and broadening its focus. Founder and CEO Andy Sack writes about the name change and hints at the larger implications in this blog post, which says the Seattle-based startup’s team has “realized there’s a lot more opportunity to disrupt the small business growth capital … Continue reading “RevenueLoan is now Lighter Capital”
NanoString Adds $2.5M Financing
NanoString Technologies, the Seattle-based maker of genetic analysis instruments, has collected $2.5 million in new financing, according to a regulatory filing. NanoString’s financing, which could be worth as much as $14 million over time, comes in the form of debt that be converted later into equity holdings, as well as warrants to buy shares in … Continue reading “NanoString Adds $2.5M Financing”
Cadence Faces Competition from Generic Pain Reliever, Less Than a Year After FDA Approval
San Diego-based Cadence Pharmaceuticals (NASDAQ: [[ticker:CADX]]) won FDA clearance in November to start selling the first intravenous form of a common pain reliever, and it’s already attracting competition from a generic rival. The FDA’s website was updated today to show that another company is seeking to sell a generic version of injectable acetaminophen, which Cadence … Continue reading “Cadence Faces Competition from Generic Pain Reliever, Less Than a Year After FDA Approval”
Dendreon, After Yearlong Inquiry, Sways Medicare to Pay for $93,000 Prostate Cancer Drug
Dendreon is no stranger to controversy, but the story today is about minimizing the debate about when taxpayers ought to pay for its high-priced prostate cancer drug. The Centers for Medicare and Medicaid Services said today it has made a final decision to reimburse healthcare providers in the U.S. who prescribe sipuleucel-T (Provenge). The Medicare … Continue reading “Dendreon, After Yearlong Inquiry, Sways Medicare to Pay for $93,000 Prostate Cancer Drug”
Mobile Apps Are Not Just for Smart Phones; Ford Courts App Developers
A few weeks ago, I wrote about how cars have become enormous smart phones on wheels. At the time, though, I didn’t know just how much Ford Motor agreed with me. I certainly do now. The company (NYSE: [[ticker:F]]), based in Dearborn, MI, is aggressively recruiting software developers to write mobile apps specifically for its … Continue reading “Mobile Apps Are Not Just for Smart Phones; Ford Courts App Developers”
New York Startup Social Amp Turns Facebook Friends into E-commerce Commentators
The next time you shop online for gifts and your Facebook friends’ interests appear on the webpage, Social Amp’s technology may be running under the digital hood. Matt Sunbulli, cofounder of the two-year-old New York startup, is on a mission to make e-commerce a more social experience. With a dose of crowdsourcing for shopping suggestions, … Continue reading “New York Startup Social Amp Turns Facebook Friends into E-commerce Commentators”
BeyondTrust Buys Security Technology from Likewise Software
Carlsbad, CA-based BeyondTrust said today it has acquired software from Likewise Software of Bellevue, WA, that helps businesses bridge Linux, Unix, and Mac environments to Microsoft Active Directory. Financial terms of the deal for Likewise Open and Likewise Enterprise were not disclosed. Likewise, an open source company that provides a platform for identity, security, and … Continue reading “BeyondTrust Buys Security Technology from Likewise Software”
True Ventures Looks for Magic in the Crowd of Portfolio CEOs, Not Its Partners’ Brains
How do you run a venture capital fund with $378 million under management with just four full-time partners? San Francisco-based True Ventures, a six-year-old early stage investing firm, has found a way: you crowdsource a lot of the work of shepherding your investments to the group of portfolio company CEOs themselves. You can’t go far … Continue reading “True Ventures Looks for Magic in the Crowd of Portfolio CEOs, Not Its Partners’ Brains”
OpSource Acquired by Johannesburg Firm
Santa Clara, CA-based OpSource, a nine-year-old managed Internet hosting provider, said today that it has been acquired by telecommunications firm Dimension Data, an NTT Holdings subsidiary based in Johannesburg, South Africa. OpSource’s 150 employees will become part of a new “Cloud Solutions Business Unit” at Dimension Data, the companies said. Financial details of the deal … Continue reading “OpSource Acquired by Johannesburg Firm”
Casual Connect
Casual Connect, the big annual conference for the casual gaming industry, will be held this year in Seattle from July 19 through 21. Actor LeVar Burton will be one of the featured speakers. For more information, click here.
IBM Is Looking to Buy-Is EMC in Its Crosshairs?
Big Blue celebrated 100 years of success in the tech industry earlier this month. It’s a rare feat in an industry where companies are often rendered obsolete in a decade, oftentimes sooner. In fact, IBM has managed to stay relevant while literally thousands of tech companies have come and gone. So, what’s its secret recipe? … Continue reading “IBM Is Looking to Buy-Is EMC in Its Crosshairs?”
Health Guru Media Gets $6M Funding Bump
New York’s Health Guru Media raised $6 million in a funding round that includes new investor Western Technology Investment, according to a press release. Other investors in the round included Castile Ventures and Village Ventures. Health Guru hosts health and diet video content online after pivoting in 2006 away from its initial incarnation as the William Shatner … Continue reading “Health Guru Media Gets $6M Funding Bump”
16th Annual WTIA Golf Open
This scramble golf tournament is a fun opportunity to make your way Around the World in 18 Holes while networking and promoting your business. The event is an exclusive tournament that brings together executives from Washington State’s leading technology and associate firms. Each sponsored hole features a unique country theme that always makes for an … Continue reading “16th Annual WTIA Golf Open”
Innovation Showcase Presented by Technology Alliance
The Innovation Showcase, a program of the Technology Alliance, helps bridge the gap between research and commercialization by highlighting the most promising discoveries and new technologies ready for commercialization in Washington, and promotes the networking and idea sharing that turn research into results. For more information on how to register, click here.
Walking Tour: How South Lake Union Became a Nexus for Global Health
The Museum of History & Industry (MOHAI) is holding a walking tour on July 13 to describe how South Lake Union became a center for global health collaboration. MOHAI board member Don Rule will lead the tour. For more information on how to register, click here.
Yottaa and SiteSpect Find Ways to Make Money by Making Websites Faster, More Targeted
These are two startups that aren’t household names in the Boston-area tech scene, but probably should be. One started in 2009, raised venture capital when it was tough to get in the downturn, and is currently adding new features and generating some buzz. The other started five years earlier, in 2004, bootstrapped itself to profitability, … Continue reading “Yottaa and SiteSpect Find Ways to Make Money by Making Websites Faster, More Targeted”
Amylin Buoyed by Diabetes Trials, Vital Therapies Raises $22.6M, Acutus Medical Gets Seed Cash, & More San Diego Life Sciences News
The Food and Drug Administration, often the center of attention for the U.S. biotech and medical device industries, came under the spotlight a bit more this week amid talk of changing the agency’s mission statement. There also was news from Amylin that should address at least some concerns FDA regulators have raised about its once-a-week … Continue reading “Amylin Buoyed by Diabetes Trials, Vital Therapies Raises $22.6M, Acutus Medical Gets Seed Cash, & More San Diego Life Sciences News”
Lotus Pioneers New Treatment for Rare and Disfiguring Disorder, Raises $26 Million From Third Rock
Today marks the debut of Lotus Tissue Repair, a Cambridge, MA-based company that’s developing a treatment for a rare, genetic disease called dystrophic epidermolysis bullosa (DEB). The disease may not be well known, but the folks behind the startup certainly are. Lotus has closed a $26 million Series A financing round led by Boston-based Third … Continue reading “Lotus Pioneers New Treatment for Rare and Disfiguring Disorder, Raises $26 Million From Third Rock”
Sorbent Therapeutics Absorbs $36M to Go After New Treatment For Kidney, Heart Failure
Sorbent Therapeutics wants to soak up the excess sodium and fluids that linger in the blood of people with failing kidneys and failing hearts, and it’s now absorbing a lot more cash to put the idea to the test. Sunnyvale, CA-based Sorbent is announcing today it has secured another $36 million in venture financing to … Continue reading “Sorbent Therapeutics Absorbs $36M to Go After New Treatment For Kidney, Heart Failure”
This Drug Didn’t Work for Me. May I Have My $88,000 Back, Please?
If you bought a new toaster, carried it home, plugged it in, and it didn’t work, what would you do? Suppose you purchased a pineapple at the grocery store, sliced it open, and found it was inedible. In both cases you’d seek the same remedy: you’d return the item and ask for your money back. … Continue reading “This Drug Didn’t Work for Me. May I Have My $88,000 Back, Please?”
Gates Bets on Computer Drug Discovery, Tachi Yamada Joins Frazier, Dendreon’s LA OK, & More in Seattle-Area Life Sciences News
This week we had some global health news, some politics, and some personnel moves to keep things humming here on the local biotech desk as head into summer. —Bill Gates is spending most of his fortune on tackling the health woes of the world’s poorest people, but every once in a while he invests in … Continue reading “Gates Bets on Computer Drug Discovery, Tachi Yamada Joins Frazier, Dendreon’s LA OK, & More in Seattle-Area Life Sciences News”
Zuckerberg, Schroepfer: Facebook’s Crazy Growth Means Balancing Small-Team Culture While Making Sure Things Don’t Fall Apart
As it marches toward 1 billion users, Facebook’s leaders are keenly focused on a defining tug-of-war: Making sure the company has enough hands working on critical projects without getting too big too fast and diluting the talent pool. That’s one of my key takeaways from tonight’s Seattle appearance by founder and CEO Mark Zuckerberg and … Continue reading “Zuckerberg, Schroepfer: Facebook’s Crazy Growth Means Balancing Small-Team Culture While Making Sure Things Don’t Fall Apart”