It’s not every day I get to dine with the CEO of a public company worth $5 billion. Last month I sat down with Andy Ory, founder and chief exec at Bedford, MA-based Acme Packet (NASDAQ: [[ticker:APKT]]), for an in-depth chat about his company’s strategy and outlook in the area of networking technology. The setting … Continue reading “My Lunch with Andy Ory: Acme Packet CEO Talks Startup Lessons, Growing Pains, and Building the Next Great Boston Company”
Something New, Something Used, Something Sterile: Stryker Embraces Recycled Medical Devices
Stryker has not been shy about shopping for acquisitions of late. Last year, the Kalamazoo, MI-based company bought Boston Scientific’s neurovascular unit for a cool $1.5 billion, its most high profile (and expensive) deal in recent memory. But I’d argue Stryker’s most significant purchase of late occurred in 2009 when the medical device maker bought … Continue reading “Something New, Something Used, Something Sterile: Stryker Embraces Recycled Medical Devices”
Basho Adds New CEO, Funding
Basho Technologies, a Cambridge, MA-based provider of data storage and management software for enterprise customers, announced today that it has hired a new CEO and sewed up some new funding. The new chief executive, Donald Rippert, formerly chief technology officer of consulting and technology services firm Accenture, will start on July 1 at Basho, which … Continue reading “Basho Adds New CEO, Funding”
Likester Looks to Ride its “Popularity Engine” from Reality TV to Political Campaigns—Maybe Even the Next Big Thing in Online Shopping
Could a startup best known for predicting the winner of “American Idol” be poised to capitalize on the next wave of e-commerce? When you’re talking about the ever-expanding world of Facebook—and the mountains of data it churns out—that kind of evolution starts to sound a lot less crazy. At least, that’s the impression you might … Continue reading “Likester Looks to Ride its “Popularity Engine” from Reality TV to Political Campaigns—Maybe Even the Next Big Thing in Online Shopping”
PTC Teams With AstraZeneca
South Plainfield, NJ-based PTC Therapeutics entered into an exclusive licensing agreement with AstraZeneca (NYSE: [[ticker:AZN]]) for PTC’s technology, called GEMS (gene expression modulation by small molecules), according to a press release. The GEMS technology is designed to identify compounds that target particular regions of messenger RNA molecules. The collaboration is geared towards discovering new remedies for cancer … Continue reading “PTC Teams With AstraZeneca”
Animoto Pockets $25 Million
New York-based Animoto, which lets anyone create professional-looking videos on the fly, raised a $25 million Series C, according to VentureWire. Animoto’s Cinematic Artificial Intelligence technology analyzes and combines images, video clips and music—allowing the average Joe to achieve the same sophisticated post-production skills and techniques that professional TV and film producers can. The funding … Continue reading “Animoto Pockets $25 Million”
IBM SmartCamp Makes Its Debut in New York, Attracts Startups From Across the Atlantic
[Updated 6/30/11. See below] Eager entrepreneurs armed with ideas they believe can improve our way of life gathered on Tuesday for the first ever New York edition of the IBM Global Entrepreneur SmartCamp. The competition, which came to Boston last June, brings select groups of startups together with mentors from the investor community. Deborah Magid, … Continue reading “IBM SmartCamp Makes Its Debut in New York, Attracts Startups From Across the Atlantic”
Genentech Buys Rights to Forma Drug, Nimbus Gets $24M, Lilliputian Adds $11M, & More Boston-Area Deals News
Companies in the health IT, electronics, and biotech spaces have all been making deals headlines this week. —Wilmington, MA-based Lilliputian Systems, a maker of tiny fuel cells for powering cell phones and laptops, took in $11.1 million of a targeted $21 million equity- and rights-based financing from 14 investors, according to an SEC filing. —Vigix, … Continue reading “Genentech Buys Rights to Forma Drug, Nimbus Gets $24M, Lilliputian Adds $11M, & More Boston-Area Deals News”
Acetylon Pharmaceuticals Receives $14,600,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b0f2ed69-9501-4125-bfb5-5f8063b45d5c&Preview=1 Date 6/29/2011 Company Name Acetylon Pharmaceuticals Mailing Address 303 Congress Street 2nd Fl Boston, MA 02210 Company Description Acetylon Pharmaceuticals is a Boston-based company recently formed to commercialize promising pharmaceutical technology emerging from collaborative research at Harvard University and the Dana-Farber Cancer Institute. Acetylon intends to pursue the clinical development and … Continue reading “Acetylon Pharmaceuticals Receives $14,600,000 Series B Round”
AnaBios Obtains $269,548 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ee17354-8e9c-4979-a29d-2d27b0606f8b&Preview=1 Date 6/29/2011 Company Name AnaBios Mailing Address 3030 Bunker Hill St. San Diego, CA 92109 Company Description AnaBios Corporation is a unique contract research organization that will deploy assays and develop databases for the testing of efficacy and safety of drugs in development. This novel platform will create a paradigm shift … Continue reading “AnaBios Obtains $269,548 New Funding Round”
RockMelt Secures $30,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8e81147a-8f73-47f0-a3a9-6abd031c1d12&Preview=1 Date 6/29/2011 Company Name RockMelt Mailing Address Undisclosed Palo Alto, CA 94301 Company Description The company is developing Internet browser software. Website http://www.rockmelt.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Series B Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Accel Partners Venture Investor Khosla Ventures … Continue reading “RockMelt Secures $30,000,000 Series B Funding”
SoloPower Secures $14,995,999 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d6a9632-837b-469a-af81-72b3e912df36&Preview=1 Date 6/29/2011 Company Name SoloPower Mailing Address 5981 Optical Court San Jose, CA 95138 Company Description SoloPower, Inc. is a technology leader in the field of thin film photovoltaics (PV) for low-cost module manufacturing and delivery of solar electricity for a variety of uses including grid-connected commercial, residential and distributed power … Continue reading “SoloPower Secures $14,995,999 New Funding”
Square Lands $100,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5156b9b7-9a2a-417f-9281-aef794e2e5af&Preview=1 Date 6/29/2011 Company Name Square Mailing Address 901 Mission St. San Francisco, CA 94101 Company Description The company operates as a mobile payment service company. Website http://www.squareup.com Transaction Type Venture Equity Transaction Amount $100,000,000 Transaction Round Series C Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Kleiner Perkins … Continue reading “Square Lands $100,000,000 Series C Funding”
SiliconBlue Technologies Lands $18,000,000 Series D Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5e4f4b60-dd57-42f6-917a-d70708a0aa3e&Preview=1 Date 6/29/2011 Company Name SiliconBlue Technologies Mailing Address 3255 Scott Blvd. Bld. 7 Santa Clara, CA 95054 Company Description SiliconBlue has built from ground up, the first single-chip, reprogrammable, ultra-low power FPGA optimized for handheld, mobile applications. Website http://www.siliconbluetech.com Transaction Type Venture Equity Transaction Amount $18,000,000 Transaction Round Series D Proceeds … Continue reading “SiliconBlue Technologies Lands $18,000,000 Series D Financing Round”
Fliptop Secures $2,400,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b54c6da-15b0-4e09-a5c7-e9e128d2855f&Preview=1 Date 6/29/2011 Company Name Fliptop Mailing Address 215 Second Street San Francisco, CA 94105 Company Description Fliptop is a marketing platform that helps you get maximum value from your subscriber relationships. Website http://www.fliptop.com Transaction Type Venture Equity Transaction Amount $2,400,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “Fliptop Secures $2,400,000 New Funding Round”
Animoto Obtains $25,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97534728-44f9-4da2-9cb5-7f5e7ae267b8&Preview=1 Date 6/29/2011 Company Name Animoto Mailing Address 214 Sullivan St New York, NY 10012 Company Description Animoto Productions is a bunch of techies and film/tv producers who decided to lock themselves in a room together and nerd out.Their first release is Animoto, a web application that automatically generates professionally produced videos … Continue reading “Animoto Obtains $25,000,000 Series C Financing Round”
CyberSettle Lands $2,130,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=55816a68-ca76-4593-b9ca-29b34cfcda9d&Preview=1 Date 6/29/2011 Company Name CyberSettle Mailing Address 1700 East Putnum Avenue Old Greenwich, CT 06870 Company Description Cybersettle is the world leader in accelerated dispute resolution. We pioneered and hold patent rights to the automated, online, double-blind bid, dispute resolution system, which allows our clients to resolve a wide range of … Continue reading “CyberSettle Lands $2,130,000 New Financing”
The Clymb Obtains $2,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff75aa32-9b01-486b-ad9b-a379f85d47a8&Preview=1 Date 6/29/2011 Company Name The Clymb Mailing Address 1104 NW 15th Avenue 4th Floor Portland, OR 97209 Company Description For those who find their passion in the outdoors, The Clymb inspires human-powered adventure by delivering member-exclusive 72-hour sales on premium brands and experiences, hand-picked by our team of fellow enthusiasts and … Continue reading “The Clymb Obtains $2,000,000 Series A Funding”
Gamzee Garners $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c2cfcab9-a361-464a-8f5e-c3b89017cde1&Preview=1 Date 6/29/2011 Company Name Gamzee Mailing Address Undisclosed Los Angeles, CA 90024 Company Description The company is a mobile and social game developer focused on the HTML 5 format. Website http://www.gamzee.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed, however the company … Continue reading “Gamzee Garners $1,000,000 New Financing”
TapMe Lands $1,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5692f27e-11e5-420c-bbf3-adb9e8b9453f&Preview=1 Date 6/29/2011 Company Name TapMe Mailing Address 1243 W. Rosemont Ave. Chicago, IL 60660 Company Description The company connects games to brands and brands to gamers with the next generation of in-game advertising. Website http://www.tap.me Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “TapMe Lands $1,500,000 New Funding”
SAVO Group Garners $14,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c751b499-af6b-4e83-a215-bc3a889f8e02&Preview=1 Date 6/29/2011 Company Name SAVO Group Mailing Address 525 West Van Buren Chicago, IL 60607 Company Description SAVO is the industry’s only provider of collaborative Sales Enablement solutions. Website http://www.savogroup.com Transaction Type Venture Equity Transaction Amount $14,000,000 Transaction Round Undisclosed Proceeds Purposes The investment will support SAVO’s rapid expansion and accelerate … Continue reading “SAVO Group Garners $14,000,000 New Funding Round”
Braintree Payment Solutions Garners $34,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a40495d2-1f96-4744-b7f9-fb4d4e760499&Preview=1 Date 6/29/2011 Company Name Braintree Payment Solutions Mailing Address Undisclosed Chicago, IL 60622 Company Description We help businesses process credit card payments by providing a merchant account, payment gateway, recurring billing and credit card storage. We work with companies primarily based in the U.S. but do have several large international customers. … Continue reading “Braintree Payment Solutions Garners $34,000,000 Series A Funding”
Connected Obtains $500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7ea0467-b72a-4fc2-a213-f3cce88084c7&Preview=1 Date 6/29/2011 Company Name Connected Mailing Address 300 3rd St. San Francisco, CA 94107 Company Description Connected was born from the realization that the story of success in almost every business endeavor starts with relationships. Maybe it’s your buddy that introduces you to a potential customer that becomes a landmark deal. … Continue reading “Connected Obtains $500,000 New Financing”
HealthGuru Media Receives $6,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af726857-5ad7-46a1-ba29-e87b61bf590a&Preview=1 Date 6/29/2011 Company Name HealthGuru Media Mailing Address 494 Broadway 4th Floor New York, NY 10012 Company Description HealthGuru.com is the web’s leading destination site for health information among 18 to 40 year olds. HealthGuru.com covers the health topics that matter to our demographic: sexual health, STDs, pregnancy, sports health, drugs … Continue reading “HealthGuru Media Receives $6,000,000 New Financing Round”
Blue Jean Networks Obtains $21,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=185c17d6-b9cb-4daf-9126-ff8ea37c443e&Preview=1 Date 6/29/2011 Company Name Blue Jean Networks Mailing Address 4521 S. Hulen St Fort Worth, TX 76109 Company Description At Blue Jean Networks, our mission is to make video communications as easy and pervasive as audio communications, enabling more effective collaboration at work, at home, and on the road. Our cloud-based … Continue reading “Blue Jean Networks Obtains $21,000,000 Series B Financing Round”
CA Technologies Acquires iTKO for $330,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c0524f17-74a8-4c41-9ea0-0f88173980e6&Preview=1 Date 6/29/2011 Company Name iTKO Mailing Address 5800 Granite Pkwy. Plano, TX 75024 Company Description iTKO, Inc. offers the most complete software suite for testing Service-Oriented Architectures (SOA), allowing multiple business technology layers to be exercised within a single test case. iTKO’s mission is to allow everyone involved in IT to … Continue reading “CA Technologies Acquires iTKO for $330,000,000”
HomeAway Obtains $216,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=05635ee5-f962-477b-94f7-e093a9ee044b&Preview=1 Date 6/29/2011 Company Name HomeAway Mailing Address 1011 W. Fifth Street Austin, TX 78703 Company Description HomeAway.com (NASDAQ: AWAY) is the world’s most complete marketplace of vacation rental properties, representing over 65,000 vacation rental homes, condos, guesthouses, cottages, and cabins in over 90 countries. Website http://www.homeaway.com Transaction Type IPO Transaction Amount … Continue reading “HomeAway Obtains $216,000,000 New Funding”
Mark Zuckerberg Heading North for Sold-Out Developer Q&A at Facebook Seattle Office
If this counts as a recruiting stunt, it’s the best one yet. Facebook founder and CEO Mark Zuckerberg is heading north for a Wednesday visit to the social networking behemoth’s Seattle office, its first outside of California. Word comes from Seattle office lead Ari Steinberg, who says in an e-mail to Seattle-area techies that Zuckerberg … Continue reading “Mark Zuckerberg Heading North for Sold-Out Developer Q&A at Facebook Seattle Office”
Running Rampant, On-Ramp Wireless Raises $11.5M in Equity Round
San Diego’s On-Ramp Wireless, which has been on quite a romp over the past year or so, recently raised $11.5 million of a planned $14.7 million round from investors, according to a regulatory filing yesterday. The investors were not disclosed in the filing. On-Ramp, which was founded in 2008 to develop low-power wireless networking technology … Continue reading “Running Rampant, On-Ramp Wireless Raises $11.5M in Equity Round”
Cardium to Get Transdel Assets
San Diego-based Cardium Therapeutics (NYSE Amex: [[ticker:CXM]]) said it would acquire substantially all of the business assets of San Diego’s Transdel Pharmaceuticals, including a pain treatment in late-stage clinical trials. Terms of the deal apparently were worked out before Transdel filed for bankruptcy reorganization yesterday. If approved by the federal bankruptcy court, Cardium would provide … Continue reading “Cardium to Get Transdel Assets”
Lilly to Hire 20 in San Diego
Eli Lilly today unveiled a multi-million dollar initiative to expand its biotech R&D in protein engineering, a move that includes hiring biochemists and biologists to work in “multi-specific therapeutics” in San Diego and Indianapolis. A spokeswoman says Lilly plans to hire about 20 scientists in each city. With its extensive expertise in biologics, Lilly says … Continue reading “Lilly to Hire 20 in San Diego”
Eliza Adds Financing From Parthenon
Beverly, MA-based Eliza, a developer of speech recognition technology for communicating healthcare information to patients, has taken in a growth investment from Parthenon Capital Partners, a Boston- and San Francisco-based private equity firm. The total of the investment was not disclosed, but it marks the first time Eliza has received institutional funding since founding in … Continue reading “Eliza Adds Financing From Parthenon”
International Workshop on Climate Informatics
This full-day workshop will focus on emerging collaborations between climate scientists and specialists in machine learning. There will be a strong emphasis on brainstorming and break-out sessions, as well as a panel discussion. Speakers include Arindam Banerjee of the University of Minnesota and Timothy DelSole of George Mason University. Register here.
A Founder’s Guide to Fundraising
This full-day summit of keynotes, panels, and networking will unite founders and investors for an intelligent dialogue about the state of venture capital and fundraising strategies for early-stage startups. Speakers include Charlie O’Donnell, principal at First Round Capital, Adam Neary, founder and CEO of Profitably, and Ashley Granata, co-Founder and CMO of Fashism. Register here.
Social Commerce Roundtable
This panel discussion will cover the use of social technologies to personalize and energize the shopping experience. Speakers include Ron J. Williams, CEO and co-founder of SnapGoods, Matt Sunbilli, CEO of SocialAmp, and Scott Stone, founder of Plum Willow. Register here.
Zapd Attracts $3.5M
Zapd, a service that lets you design a webpage from your smartphone, has attracted a nearly $3.5 million Series B round for parent company PressPlane. The investment was led by Seattle’s Madrona Venture Group and includes RealNetworks founder Rob Glaser, who is joining the company’s board. PressPlane previously rolled out Inkd, an online marketplace for graphic … Continue reading “Zapd Attracts $3.5M”
Curis and Genentech Unleash the Hedgehog to Fight a Deadly Skin Cancer
Curis was founded in Lexington, MA, in 2000 with the intention of exploiting a disease-causing mechanism curiously named the hedgehog signaling pathway. Three years later, the startup attracted the attention of biotech pioneer Genentech, whose scientists believed hedgehog might offer a brand new way to fight cancer. Now the development deal that the two companies … Continue reading “Curis and Genentech Unleash the Hedgehog to Fight a Deadly Skin Cancer”
PopCap on the Block, Cloud Deals Aplenty, VC Anxiety, & More in the Seattle-Area Tech Roundup
PopCap Games is an undeniable Seattle success story. The company, started by three twenty-somethings in the aftermath of the dot-com bubble, has evolved from a freemium version of “Bejeweled” into an international, multi-platform publisher with $100 million in revenue and 400 employees. This year, with the casual games industry reaching mass-market investment potential, PopCap announced … Continue reading “PopCap on the Block, Cloud Deals Aplenty, VC Anxiety, & More in the Seattle-Area Tech Roundup”
Stipple Builds Out System to Help Publishers Profit from Tagged Web Images
Between 30 and 40 percent of all files on the Web are images, and even pages dominated by text usually have a few photos. Yet most of these photos aren’t linked to anything interesting, the way text can be. San Francisco startup Stipple sees this as a waste—and an opportunity. Last fall the company rolled … Continue reading “Stipple Builds Out System to Help Publishers Profit from Tagged Web Images”
MediBabble Attacks Language Barriers the Doctor’s Office
A mobile app developed by a pair of former UCSF medical students could help doctors collect more accurate medical histories from patients, even if they don’t speak the same language. Called MediBabble, the free, donation-supported iPhone app lets doctors play common medical questions aloud in five languages: Cantonese, Haitian Creole, Mandaran, Russian, and Spanish. Patients … Continue reading “MediBabble Attacks Language Barriers the Doctor’s Office”
Debra Reed Takes Over as Sempra Energy CEO
San Diego’s Sempra Energy has named Debra Reed as CEO of the global energy conglomerate, which operates two Southern California utilities and a separate holding company of diversified energy businesses focused on natural gas and power generation. Reed, who also joined Sempra’s board, is the first woman appointed to head Sempra, which posted an annual … Continue reading “Debra Reed Takes Over as Sempra Energy CEO”
InfraReDx Nabs $24.1M
Burlington, MA-based medical device developer InfraReDx announced today that it had raised $24.1 million in an equity offering it sold to existing investors. The money will go to ongoing and new clinical trials exploring additional applications of its LipiScan IVUS coronary imaging system, which combines near infrared light and a type of intravascular ultrasound to … Continue reading “InfraReDx Nabs $24.1M”
MC10 Stretches for $12.5M More
Cambridge, MA-based MC10, a startup focused on designing electronics that can bend and stretch with the natural world, said today it has raised $12.5 million in Series B financing led by new investor Braemar Energy Ventures. Previous investors North Bridge Venture Partners, Osage University Partners, and Terawatt Ventures also participated in the round. MC10 is … Continue reading “MC10 Stretches for $12.5M More”
Xconomy’s New York Team Doubles in Size, Plots East Coast (Biotech) Takeover
It’s easy to forget that Arlene Weintraub, Xconomy New York’s editor, has been running a one-woman show since joining us in April. Sure she’s had loads of help from her colleagues across the Xconomy network. But still, the whole of New York tech and life sciences is a big monster of a beat for one … Continue reading “Xconomy’s New York Team Doubles in Size, Plots East Coast (Biotech) Takeover”
Coursekit Draws $1 Million Seed Round
New York education-software startup Coursekit has raised $1 million in seed funding from Founder Collective, IA Ventures, Shasta Ventures, and a number of individuals, according to the company blog. Coursekit plans to roll out a set of tools for educators this fall that are designed to help them manage gradebooks, calendaring, videos, files, and interactive … Continue reading “Coursekit Draws $1 Million Seed Round”
How to Innovate in a Hypersocial World: Q&A with Gail Goodman, CEO of Constant Contact
Constant Contact is a digital marketing company led by babes. I don’t mean women, though that is true, actually. And I don’t mean babies in the crying, needy, or naïve sense, but rather the youngest-in-the-family sense. Let me start over. As it turns out, many of the senior management team of Waltham, MA-based Constant Contact … Continue reading “How to Innovate in a Hypersocial World: Q&A with Gail Goodman, CEO of Constant Contact”
With Debut of Pokki Desktop Apps, OpenCandy Founders Create New Corporate Identity
San Diego’s OpenCandy has a new name today—SweetLabs. The change coincides with the beta launch of Pokki, a new platform the company has developed to provide desktop users with an “always on” experience more commonly found among apps for smartphones. “We’re spoiled by having all these incredible apps on our mobile devices,” says Chester Ng, … Continue reading “With Debut of Pokki Desktop Apps, OpenCandy Founders Create New Corporate Identity”
Independa Unveils Integrated App to Link the Independent Elderly with Care-Givers
A little more than two years after Kian Saneii founded Independa, the San Diego wireless health startup says it is making its integrated telecare app, Angela, available Friday for beta testing. The program, which will be generally available in September, provides a very simple interface that enables the elderly to send and receive e-mail, download … Continue reading “Independa Unveils Integrated App to Link the Independent Elderly with Care-Givers”
Nimbus, Seeded by Bill Gates, Raises $24 Million For Computer-Aided Drug Discovery
Nimbus Discovery burst out of stealth mode in March with seed funding from none other than Microsoft chairman Bill Gates. Now Nimbus, a Cambridge, MA-based company that specializes in computer-aided drug discovery, is chalking up a second impressive milestone: It has raised a Series A funding round of $24 million, with money from Gates and … Continue reading “Nimbus, Seeded by Bill Gates, Raises $24 Million For Computer-Aided Drug Discovery”
MC10 Lands $12,500,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5854f632-0433-4787-ab85-00e278780052&Preview=1 Date 6/28/2011 Company Name MC10 Mailing Address 36 Cameron Avenue Cambridge, MA 02140 Company Description MC10 startup developing stretchable silicon technology developed at the University of Illinois. Website http://www.mc10inc.com Transaction Type Venture Equity Transaction Amount $12,500,000 Transaction Round Series B Proceeds Purposes The company will use the funding to accelerate development … Continue reading “MC10 Lands $12,500,000 Series B Financing”