American Aerogel Receives $2,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=77cdad22-c634-4136-805b-153e6860e4e5&Preview=1 Date 6/9/2011 Company Name American Aerogel Mailing Address 460 Buffalo Rd. Rochester, NY 14611 Company Description American Aerogel Corporation supplies thermal insulation material for temperature sensitive markets with breakthrough R-50 per inch insulation value. Website http://www.americanaerogel.com Transaction Type Venture Equity Transaction Amount $2,500,000 Transaction Round Undisclosed Proceeds Purposes The investment will … Continue reading “American Aerogel Receives $2,500,000 New Financing”

Taykey Lands $9,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=31d79b5a-cfeb-4a10-9e39-52d347953f0c&Preview=1 Date 6/9/2011 Company Name Taykey Mailing Address 10 W. 18th St. New York, NY 10011 Company Description Taykey’s real-time trends platform extends your reach to people who care about you, right now. Our core algorithms that monitor trends to discover who is interested in you right now, and place your brand … Continue reading “Taykey Lands $9,000,000 Series B Funding Round”

Gelesis Obtains $2,555,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9067396a-e8eb-4f31-9148-dc3cc3c8d07f&Preview=1 Date 6/9/2011 Company Name Gelesis Mailing Address 222 Berkeley St Boston, MA 02116 Company Description Gelesis is a Boston-based company developing a breakthrough treatment for obesity and other related co-morbidities. Website http://www.gelesis.com Transaction Type Venture Equity Transaction Amount $2,555,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory … Continue reading “Gelesis Obtains $2,555,000 New Funding”

Wikets Lands $1,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=49f9b7c7-3421-4a97-a894-f3cfb7726a46&Preview=1 Date 6/9/2011 Company Name Wikets Mailing Address 425 Woburn St. Lexington, MA 02420 Company Description The company is developing technology that enables users to exchange ideas with people they know and trust. Website http://www.wikets.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Wikets Lands $1,500,000 New Funding”

Movieclips Obtains $6,034,610 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=49efd13b-000d-4980-98f7-1c9ec0736313&Preview=1 Date 6/9/2011 Company Name Movieclips Mailing Address 228 Main Street Venice, CA 90291 Company Description MOVIECLIPS.com is an online video destination offering audiences the largest and most diverse collection of movie scenes. MOVIECLIPS.com allows fans to find, watch and share more than 12,000 movie clips from the libraries of most major … Continue reading “Movieclips Obtains $6,034,610 New Financing”

Marconi Society Awards Prize to San Diego’s Jacobs & Wolf

The Marconi Society, a group established in Palo Alto, CA, to recognize the creative spirit of Nobel Prize winner Guglielmo Marconi in today’s scientists, engineers, and entrepreneurs, has named Qualcomm co-founder Irwin Jacobs and computer theorist Jack Kiel Wolf as winners of this year’s Marconi Prize. Jacobs, 77, was cited for his contributions to digital … Continue reading “Marconi Society Awards Prize to San Diego’s Jacobs & Wolf”

GrabCAD Grabs Cash

Estonia- and Cambridge, MA-based startup GrabCAD announced today via TechCrunch that it has raised $1.1 million in seed funding from Boston-area investors Matrix Partners, Atlas Venture, NextView Ventures, and angel investors. GrabCAD, a member of the current class of TechStars Boston startups, has developed an online marketplace for connecting mechanical design engineers with manufacturing and … Continue reading “GrabCAD Grabs Cash”

Halozyme Licensing Deal Valued at $63M

San Diego’s Halozyme Therapeutics (NASDAQ: [[ticker:HALO]]) and Foster City, CA-based Intrexon have agreed to use Halozyme’s recombinant human hyaluronidase to develop an injectable formulation of an Intrexon drug for treating alpha 1-antitrypsin deficiency, a genetic disorder that damages the lungs and liver. Under the exclusive worldwide licensing agreement announced yesterday, Intrexon will make a $9 … Continue reading “Halozyme Licensing Deal Valued at $63M”

Pfizer Forms $100M Research Partnership with Boston-Area Schools and Hospitals

Let’s see if this produces some much-needed new drugs for Pfizer’s pipeline. The New York City-based pharmaceutical giant (NYSE: [[ticker:PFE]]) announced today it is starting a five-year, $100 million research collaboration in Boston with Beth Israel Deaconess Medical Center, Boston University School of Medicine, Children’s Hospital Boston, Harvard University, Partners HealthCare, Tufts Medical Center, Tufts … Continue reading “Pfizer Forms $100M Research Partnership with Boston-Area Schools and Hospitals”

TCN Networking for Fundraising Success

The Capital Network, Boston Women in Finance, and the CFO Roundtable are putting together this good old fashioned networking event. Register here to mingle with entrepreneurs, VCs, angel investors, and more.

Stratos Genomics Raises $2.1M

Seattle-based Stratos Genomics, developer of low-cost gene sequencing technology, says it has added $2.1 million in financing from existing investors, tied to last year’s $4 million Series A round. In a press release, CEO Allan Stephan said shareholders “don’t want our validation pace interrupted by external fundraising activities.” Stratos Genomics was founded in 2007 as a spinoff … Continue reading “Stratos Genomics Raises $2.1M”

The Final Xpo Startup for XSITE on June 16… and What Might Have Been

What do recycling and a rectal exam have in common? Well, people tend to put off both things as long as they can. And, OK, they’re both a little more difficult (and one is a lot more uncomfortable) than you’d like them to be. I can even speak with, shall we say, recent authority on … Continue reading “The Final Xpo Startup for XSITE on June 16… and What Might Have Been”

At The Great Lakes Stem Cell (Innovation) Center, Researchers Anxiously Wait For Technology To Take Off

On the fourth floor of the TechTown science and research park in Detroit, the words “Great Lakes Stem Cell Commercialization Center” practically startle a vistor with their large, dark green lettering sprawled across a white wall. “Yeah, we’re changing the name,” James Eliason, the center’s director, tells me. “Really?” I ask. “Why?” “Well, for one … Continue reading “At The Great Lakes Stem Cell (Innovation) Center, Researchers Anxiously Wait For Technology To Take Off”

Don’t Discount Biofuels

As one who’s spent a lifetime chasing the quest of a practical, sustainable bioeconomy – I have sympathy for biofuel skeptics. Let’s face it; petroleum is an incumbent that has no match in political or economic strength. But it is hard to deny the convergence of historical and technological trends that suggest a sustainable biofuel … Continue reading “Don’t Discount Biofuels”

Assay Depot Raises $1.7M to Expand Online Commerce for Biotech Industry

Assay Depot, a five-year-old startup that provides online e-commerce platforms for contract researchers serving the life sciences industry, says it has raised $1.7 million from private investors. The company launched a public marketplace in 2008 that automates the process of hiring a contract research organization, a job that can take a principal investigator days or … Continue reading “Assay Depot Raises $1.7M to Expand Online Commerce for Biotech Industry”

The Critical Need for Lean Thinking in Healthcare Today

To borrow a term from the military, we live in a VUCA world—Volatile, Uncertain, Complex and Ambiguous. Unfortunately, healthcare’s traditional hierarchical management approach lacks the flexibility, adaptive agility, or innovative energy to meet the challenges of this new world. However, every employee at every healthcare institution has the ability to identify waste and enact long … Continue reading “The Critical Need for Lean Thinking in Healthcare Today”

Admantx Adds $2.8M

Hartford, CT-based Admantx, a maker of semantic-based online advertising technology, announced today that it has taken in $2.8 million in first-round funding from Atlante Ventures Mezzogiorno, the venture capital fund of the Italian bank Intesa Sanpaolo.The funding will go towards sales and marketing for Admantx, which was spun off last year from the semantic software … Continue reading “Admantx Adds $2.8M”

Buuteeq Brings In $3.5M for Hotel Marketing

Seattle-based Buuteeq, a startup focused on digital marketing software for independent hotels, said today it has raised $3.5 million in Series A financing. The round was led by aQuantive co-founder Mike Galgon and angel investor Geoff Entress, with participation from Benaroya Capital and others. Buuteeq (no, that’s not a misprint) makes cloud-based software that helps … Continue reading “Buuteeq Brings In $3.5M for Hotel Marketing”

Computer Science Tuition Could Rise Faster than Other Degrees Under New WA Rules

With a hot market for their skills and employers who offer top-notch salaries and benefits, should computer science students pay more for their bachelor’s degree than theater or history majors? In Washington state, the answer could soon be yes. Historically, undergraduates in this state have paid flat tuition rates based on the number of credits … Continue reading “Computer Science Tuition Could Rise Faster than Other Degrees Under New WA Rules”

Stemline Makes Headway Against Cancer Stem Cells And Proves Value of Virtual Model

On June 6, at the meeting of the American Society of Clinical Oncology (ASCO), a University of Pittsburgh scientist working with New York-based Stemline Therapeutics revealed that two patients in an early trial of the company’s drug had recovered from advanced malignant glioma—a deadly form of brain cancer. Another patient, a 10-year-old girl in a … Continue reading “Stemline Makes Headway Against Cancer Stem Cells And Proves Value of Virtual Model”

WaterSmart Seeks to Build Out Web-based Services to Conserve Water

[Corrected 6/8/11, 1:10 pm to show Peter Yolles is CEO, instead of Rob Steiner.] WaterSmart Software was founded two years ago in San Francisco, but co-founder Rob Steiner lives in San Diego. So when the cleantech software developer recently raised $900,000 in seed funding, I sat down with Steiner to discuss WaterSmart’s plans for developing … Continue reading “WaterSmart Seeks to Build Out Web-based Services to Conserve Water”

Pathway Medical Grinds It Out, Seeks Profit Formula, Three Years After FDA Approval

Selling expensive new medical equipment to doctors today, no matter how good it may be, is no easy thing. Just ask Pathway Medical Technologies. Almost three years have passed since the Kirkland, WA-based company won FDA approval for its first device, which drills through and sucks out tough-to-treat blockages in leg arteries. The company, founded … Continue reading “Pathway Medical Grinds It Out, Seeks Profit Formula, Three Years After FDA Approval”

General Compression Pulls In $20.4M, Constellation Nabs $15M, PolyRemedy Wraps Up $20M, & More Boston-Area Deals News

Financing news kept flowing this week from New England startups developing software, medical device, drug, and cleantech products. —Ziptr, a Burlington, MA-based maker of software focused on business privacy and compliance, pinned down $6.8 million in equity financing from 26 investors. —Lumicell Diagnostics, a portfolio company of Waltham, MA-based Kodiak Venture Partners that’s developing a … Continue reading “General Compression Pulls In $20.4M, Constellation Nabs $15M, PolyRemedy Wraps Up $20M, & More Boston-Area Deals News”

Cyterix Pharmaceuticals Receives $9,200,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1e257c37-50dc-409e-a7cc-5565ea7edac0&Preview=1 Date 6/8/2011 Company Name Cyterix Pharmaceuticals Mailing Address 1300 Seaport Blvd. Redwood City, CA 94063 Company Description The company is developing cytochrome P450- activated drugs. Website Undisclosed Transaction Type Venture Equity Transaction Amount $9,200,000 Transaction Round Series A Proceeds Purposes Continuing in our cash-efficient business model, we expect these funds to … Continue reading “Cyterix Pharmaceuticals Receives $9,200,000 Series A Funding Round”

Buuteeq Secures $3,500,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=02f0d752-323b-4af0-8ded-01ea03de09d1&Preview=1 Date 6/8/2011 Company Name Buuteeq Mailing Address 70 21 Freemont Ave. N. Seattle, WA 98103 Company Description Buuteeq offers a hosted digital marketing solution for small/medium size independently managed hotels. Website http://www.buuteeq.com Transaction Type Venture Equity Transaction Amount $3,500,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “Buuteeq Secures $3,500,000 Series A Funding”

Epiomed Therapeutics Obtains Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=87c1621d-6d09-42e7-a8c5-110b4f2795bf&Preview=1 Date 6/8/2011 Company Name Epiomed Therapeutics Mailing Address 25 Mauchly Irvine, CA 92618 Company Description The company is developing novel, small molecule anti-emetic and anti-motion sickness compounds. Website http://www.epiomed.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series A Proceeds Purposes Proceeds from this financing are anticipated to be used … Continue reading “Epiomed Therapeutics Obtains Series A Round”

SeaMicro Lands $19,999,999 Series D Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20a47ec7-c2ae-46fe-8256-0a25e325856c&Preview=1 Date 6/8/2011 Company Name SeaMicro Mailing Address 5225 Betsy Ross Drive Santa Clara, CA 95054 Company Description SeaMicro servers are plug and play—they require no changes to software operating systems, applications, or management infrastructure. Website http://www.seamicro.com Transaction Type Venture Equity Transaction Amount $19,999,999 Transaction Round Series D Proceeds Purposes Proceeds purposes … Continue reading “SeaMicro Lands $19,999,999 Series D Funding Round”

Authentic8 Receives New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a582ef6-9622-4350-99ed-1b2b5c85db0d&Preview=1 Date 6/8/2011 Company Name Authentic8 Mailing Address Undisclosed Mountain View, CA 94043 Company Description The company is developing secure Internet browser technologies. Website http://www.Authentic8.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed, however the company is still in closed beta test stage. … Continue reading “Authentic8 Receives New Funding Round”

Telltale Receives $7,000,000 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a7b0f14c-68b4-4bd3-9d08-1f7298028d70&Preview=1 Date 6/8/2011 Company Name Telltale Mailing Address P.O. Box 9737 San Rafael, CA 94912-9737 Company Description Telltale is a new breed of interactive entertainment company that is ideally positioned to capture a significant share of the fastest-growing market segment in the game industry. The company was founded in 2004 by three … Continue reading “Telltale Receives $7,000,000 Series C Funding Round”

Virsto Software Garners $12,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cffd4f85-ae8b-49aa-929c-323c60750923&Preview=1 Date 6/8/2011 Company Name Virsto Software Mailing Address 465 Fairchild Drive Mountain View, CA 94043 Company Description Virsto Software lives at the intersection of server virtualization and storage management – a strategic crossroads for the future of the data center. Our team has a rich history of successful innovation, and is … Continue reading “Virsto Software Garners $12,000,000 Series B Funding”

Aryaka Networks Secures $15,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7728eab3-0495-40f0-b043-dbbca76ae7a8&Preview=1 Date 6/8/2011 Company Name Aryaka Networks Mailing Address 691 S. Milpitas Blvd. Milpitas, CA 95035 Company Description Aryaka Networks, Inc. delivers cloud-based application acceleration and WAN optimization with true business results. Website http://www.aryaka.com Transaction Type Venture Equity Transaction Amount $15,000,000 Transaction Round Series B Proceeds Purposes This round will be used … Continue reading “Aryaka Networks Secures $15,000,000 Series B Funding Round”

VirtuOz Obtains $7,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=85aab387-7762-4187-bf8e-eacef64f091d&Preview=1 Date 6/8/2011 Company Name VirtuOz Mailing Address 512 2nd Street San Francisco, CA 94107 Company Description We are a pioneering software provider of intelligent, multilingual conversational customer support and virtual sales Agents. We transform the customer sales and support experience online by providing Virtual Agents that interact with customers via chat … Continue reading “VirtuOz Obtains $7,000,000 New Funding Round”

ServiceMax Obtains $14,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4dfff3c0-0583-4e60-a094-76b32714f9bf&Preview=1 Date 6/8/2011 Company Name ServiceMax Mailing Address 2560 Mission College Blvd Santa Clara, CA 95054 Company Description Maxplore is the emerging leader in on-demand service management solutions. Maxplore’s ServiceMax is the leading SaaS Service Chain Management & Field Service solution on Force.com platform. Best-in-class companies across the globe use ServiceMax to … Continue reading “ServiceMax Obtains $14,000,000 Series C Financing”

Pawngo Lands $2,300,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b58f54a-ee78-436c-82da-0d1e03f14f4f&Preview=1 Date 6/8/2011 Company Name Pawngo Mailing Address 7208 S. Tucson Way Centennial, CO 80112 Company Description A Pawn Loan is simply a cash advance secured by an asset that you already own at a fixed price and term. Unlike a bank, I will loan money on almost anything of value and … Continue reading “Pawngo Lands $2,300,000 Series B Financing Round”

Baird Venture Partners Pushes Ahead With Molecular Imaging Research Reboot

There’s luck. And then there’s pure serendipity. About a year ago, Baird Venture Partners (BVP) in Chicago had an idea. With Big Pharma increasingly parceling out drug development work to outside firms, the time seemed right for a startup that would offer specialized imaging services to companies who needed to test their therapies on small … Continue reading “Baird Venture Partners Pushes Ahead With Molecular Imaging Research Reboot”

Universities Are Key to Revitalizing Boston’s Startup Scene, Say Leaders of Angel Bootcamp, Harvard Innovation Lab, and MassChallenge

Commencement season is coming to a close, which means a lot of students and recent graduates are leaving town. That might be a good thing if you’re trying to get a seat at Crema Café near Harvard or Flour Bakery near MIT, but it ain’t good for local startups. The brain drain of Boston-area tech … Continue reading “Universities Are Key to Revitalizing Boston’s Startup Scene, Say Leaders of Angel Bootcamp, Harvard Innovation Lab, and MassChallenge”

Concur Expands in Europe with GlobalExpense Acquisition, Latest in Series of Pickups and Partnerships

Online business expense-management company Concur has been on a dealmaking tear this year, and isn’t slowing down just yet. Today, the Redmond, WA-based company (NASDAQ: [[ticker:CNQR]]) announced it would purchase London’s GlobalExpense for about $19.7 million. Performance incentives could add another $3.3 million to the price. From Concur’s description, GlobalExpense sounds like a pretty similar … Continue reading “Concur Expands in Europe with GlobalExpense Acquisition, Latest in Series of Pickups and Partnerships”

Center for Bioentrepreneurship Camp Entrepreneur 2011

The UCSF Center for Bioentrepreneurship presents: “Move Your Research Out of the Ivory Tower and Impact Health.” Leaders from the Clinical and Translational Science institute share insights on translating early-stage science to market and improvements in health. Speakers include Maninder Kahlon and June Lee. Information and registration here.

Liquid Robotics Drinks in $22M

[Updated 6/7/11 5:15 pm PDT] Sunnyvale, CA-based Liquid Robotics, maker of an autonomous, wave-powered robot that can glide on or below the sea’s surface, carrying industrial, scientific, or military instrumentation payloads, said today that it has raised $22 million in Series D funding. Vantage Point Capital Partners led the round, which was joined by Schlumberger, … Continue reading “Liquid Robotics Drinks in $22M”

VigLink Aims to Turn Links Into Gold—But Will the Golden State Force the Company Out?

In the spring of 2009, when former Microsoft engineer Oliver Roup was finishing his second year at Harvard Business School, he entered the idea for his future company, VigLink, in the school’s annual business plan competition. During his live presentation to the judging panel, he showed off some code he’d written to help Web publishers … Continue reading “VigLink Aims to Turn Links Into Gold—But Will the Golden State Force the Company Out?”

ASCO Wrap-Up: The Skinny on Cancer News From All Corners of the U.S.

Whoever came up with the phrase “drinking from the fire hose,” could have easily been thinking of the American Society of Clinical Oncology annual meeting. The information on cancer R&D has been flowing furiously the past few days at ASCO, which draws about 30,000 cancer doctors, drug company executives, investors, and journalists. I didn’t attend … Continue reading “ASCO Wrap-Up: The Skinny on Cancer News From All Corners of the U.S.”

Cyterix Raises $9.2M for Cancer Drugs

San Francisco-based Cyterix Pharmaceuticals said today it has raised $9.2 million in a Series A financing from The Column Group and SV Life Sciences. The company, founded in April 2010, is developing drugs that are selectively activated by enzymes known as cytochrome P450s outside the liver—which are thought to reside in tumors, but not healthy … Continue reading “Cyterix Raises $9.2M for Cancer Drugs”

CityPockets, Still Couch Surfing and Managing Daily Deals, Gets Office After $500K Grab

CityPockets’ tiny team was in desperate straits this past April. The Silicon Alley startup was supposed to help users organize the flood of online vouchers and daily deals that pack the inboxes of budget foodies and fashionistas. But just a couple months ago none of the three-person team seemed likely to be indulging in discount … Continue reading “CityPockets, Still Couch Surfing and Managing Daily Deals, Gets Office After $500K Grab”

Facebook vs. Google, Polaris Skips Town, HackStars’ Unlikely Origin, & More in the Seattle-Area Tech Roundup

As the Web becomes more social, will search start to whither as a primary means for consumers to access the Internet? That’s been suggested by some folks in the tech world, as the rise of Facebook begins to create a dynamic layer on top of the “regular” Web that isn’t fully reachable by Google’s crawlers. … Continue reading “Facebook vs. Google, Polaris Skips Town, HackStars’ Unlikely Origin, & More in the Seattle-Area Tech Roundup”