Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dafdd6bd-f80e-435e-9c5f-b54d1fcf5190&Preview=1 Date 3/29/2011 Company Name Big Switch Networks Mailing Address 855 El Camino Real Palo Alto, CA 94301 Company Description Big Switch Networks is commercializing network virtualization technologies based on OpenFlow. Website Undisclosed Transaction Type Venture Equity Transaction Amount $13,773,394 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. Amount … Continue reading “Big Switch Networks Obtains $13,773,394 Series A Funding Round”
SoundCure Garners $3,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5632d0b8-7478-4cce-821c-4e801e7d5ad6&Preview=1 Date 3/29/2011 Company Name SoundCure Mailing Address Undisclosed San Jose, CA 95101 Company Description SoundCure is focused on developing and commercializing a novel acoustic therapy for the treatment of tinnitus (ringing in the ear) Website http://www.SoundCure.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes The new funds … Continue reading “SoundCure Garners $3,000,000 New Funding”
Cisco Systems Acquires newScale for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ab29e8c-3920-45f6-af27-7e6eca2e967a&Preview=1 Date 3/29/2011 Company Name newScale Mailing Address 2215 Bridgepointe Parkway San Mateo, CA 94404 Company Description newScale is the leader in IT Service Portfolio Management and Service Catalog software solutions, with more than one million users worldwide. Website http://www.newscale.com/ Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms … Continue reading “Cisco Systems Acquires newScale for Undisclosed Sum”
RealNetworks CEO Bob Kimball Out, Presided Over Big Changes
More turbulence at Seattle’s RealNetworks: President and Chief Executive Bob Kimball has resigned, the company says today. Kimball had only been in the job since January 2010, although he’d been with RealNetworks (NASDAQ: [[ticker:RNWK]]) for about a dozen years. Kimball replaced founder Rob Glaser as CEO and presided over a period of big change: The … Continue reading “RealNetworks CEO Bob Kimball Out, Presided Over Big Changes”
Cheezburger Snaps Up Know Your Meme, Planting a Foothold in New York City
Hey Big Apple: Ready for some Cheezburger? Seattle-based Cheezburger Network, the holding pen for online humor sites like I Can Has Cheezburger and Fail Blog, has acquired the Internet-culture trackback site Know Your Meme. It’s the first big acquisition move that we’ve seen Cheezburger make since securing $30 million round of venture financing early this … Continue reading “Cheezburger Snaps Up Know Your Meme, Planting a Foothold in New York City”
Report Card: How are Local Entrepreneurs Succeeding or Failing
This Boston Entrepreneurs’ Network event will feature entrepreneur and investor Jack Derby to discuss the theme of successes, failures, and lessons learned in startups. Register here for this $10 event.
Device Coating Startup Biotectix Buys IP From Chameleon BioSurfaces
Biotectix is putting some of its new financial firepower to work. The Ann Arbor, MI-based startup, a spinoff from the University of Michigan, said Monday that it acquired the intellectual property portfolio of Chameleon BioSurfaces in Cambridge, England. Terms of the deal were not disclosed. Biotectix is developing polymer materials designed to improve how implantable … Continue reading “Device Coating Startup Biotectix Buys IP From Chameleon BioSurfaces”
Adeona Nabs Another $400k In Grant Money
Adeona Pharmaceuticals (AMEX:[[ticker:AEN]]) said Monday that it received another $409,426 in grant money from the National Multiple Sclerosis Society. The Ann Arbor, MI-based company is currently conducting a clinical trial of its Trimesta drug to treat female MS.
MIT150 Symposium: Computation and the Transformation of Practically Everything
This event, organized by the MIT Computer Science and Artificial Intelligence Laboratory, will take a look at the Information Age and how MIT has contributed. Sessions will explore the role computation has played in finance, politics, entertainment, biology, manufacturing, and more. Register here by April 3.
Countdown to Michigan 2031: Will Medical Devices Lead the Way?
If Michigan was looking for an industry to bolster its future high tech economy beyond automobiles, medical devices would appear to be a good bet. HandyLabs and Accuri Cytometers, both University of Michigan spinoffs based in Ann Arbor, MI, were recently purchased by Benton, Dickinson & Co. With nearly $8 billion in revenue last year, … Continue reading “Countdown to Michigan 2031: Will Medical Devices Lead the Way?”
Tufts Energy Conference: Exploring Energy’s Great Debate
This conference, put on by Tufts, will aim to address chief debates in the energy sector, on subjects lik renewable energy, energy security, transportation, developing nations, and more. Speakers come from government, academia, and the energy industry. Register here for this one.
Chegg, Inkling, Color, Y Combinator—The 1-Minute Version of Last Week’s Bay Area Biztech News
For followers of the Silicon Valley startup scene, 320 Pioneer Way in Mountain View, CA, was the place to be last week. The converted warehouse was the scene of Y Combinator’s Winter 2011 demo day, featuring pitches from 43 newly minted startups, 24 of which have already been publicly unveiled (the rest are still in … Continue reading “Chegg, Inkling, Color, Y Combinator—The 1-Minute Version of Last Week’s Bay Area Biztech News”
Bio-IT World Conference & Expo ’11
This conference aims to gather more than 1,700 professionals in the life sciences, pharmaceutical, clinical, healthcare, and IT spaces to explore technologies powering the drug development process. Panels will cover subjects such as hardware, software, bioinformatics, predictive informatics, and IT for clinical operations. Register here.
Ruby on Rails Training: Scaling Rails
Fairhaven Capital is sponsoring this Ruby on Rails training class to increase the talent pool in Boston, so these tickets are discounted more than 50 percent, to $600. Those organizing the class hope it will put attendees two months up the learning curve for becoming an expert in Rails technology for development. Register here.
NetScout to Buy Psytechnics
Westford, MA-based NetScout Systems (NASDAQ: [[ticker:NTCT]]), a network-performance management firm, said today it is acquiring Psytechnics, a software company based in Ipswich, U.K., and Portsmouth, NH. Financial terms of the deal were not given. Psytechnics helps businesses manage the quality of IP voice, video, and telepresence services; the firm says its installed base manages more … Continue reading “NetScout to Buy Psytechnics”
EBay Makes $2.4 Billion Bid for GSI Commerce, But Without RueLaLa
It looks like GSI Commerce (NASDAQ: [[ticker:GSIC]]), the parent company of Boston-based private sale website RueLaLa, is about to become part of eBay—but without RueLaLa attached. The San Jose, CA-based auction giant announced in a press release and conference call this morning that it has agreed to acquire King of Prussia, PA-based GSI for $29.25 … Continue reading “EBay Makes $2.4 Billion Bid for GSI Commerce, But Without RueLaLa”
NASA Scrubs Work on 3D Zoom Cameras, Nixing Avatar Director’s Next Mega Pix
NASA has halted work on an advanced zoom 3D camera system under development in San Diego for the SUV-sized Mars Science Laboratory rover—to the disappointment of Avatar filmmaker James Cameron. In a statement Friday, privately held Malin Space Science Systems (MSSS) of San Diego said there wasn’t enough time remaining to finish testing and integrating … Continue reading “NASA Scrubs Work on 3D Zoom Cameras, Nixing Avatar Director’s Next Mega Pix”
Should You Drink the Social Kool-Aid?
Social media may be fomenting revolution in autocratic states, but is it really revolutionizing marketing? I understand the skepticism; I work in an industry famous for hyperbole. But you can’t deny the decline of traditional media. Americans spend an average of 11 hours a month on Facebook while print and broadcast consumption are in free … Continue reading “Should You Drink the Social Kool-Aid?”
Clever Machine Wraps $3.25M
San Francisco-based Clever Machine, the developer of a production management tool for film and video producers called Scenechronize, has raised $3.25 million in a round of equity-based financing that could eventually total as much as $6 million, according to a regulatory filing. The company is led by former Switchhouse chief technology officer Hunter Hancock and … Continue reading “Clever Machine Wraps $3.25M”
Tabula Raisa: $108M
In what’s being called the largest-ever fundraising round for a privately held semiconductor comopany, Santa-Clara, CA-based Tabula has collected $108 million in Series D funding from a group of investors including new investors Crosslink Capital and DAG Ventures and existing investors Balderton Capital, Benchmark Capital, Greylock Partners, Integral Capital, and NEA. The fabless company designs … Continue reading “Tabula Raisa: $108M”
Emo Labs Gets $1.4M
Waltham, MA-based Emo Labs, a developer of invisible loudspeaker technology to enhance the sound on monitors and flat-screen TVs, has raised $1.4 million of a targeted $2.5 million equity- and rights-based offering, an SEC filing shows. The money comes from 22 investors; the company’s previous investors include Polaris Venture Partners, the Venture Capital Fund of … Continue reading “Emo Labs Gets $1.4M”
How to Maximize Startup Success, Get a Free Book, and Make the Most of VC65 on April 6
Chance favors the prepared startup mind. Excuse the slight variation on an old saying. But with our VC65 conference set to take place on April 6, just 9 days from now, I find myself thinking more and more about what makes a successful startup—and how much of it you can control. A lot, of course, … Continue reading “How to Maximize Startup Success, Get a Free Book, and Make the Most of VC65 on April 6”
NPS Earns Seven-Figure Milestone Payment
NPS Pharmaceuticals (NASDAQ: [[ticker:NPSP]]) of Bedminster, NJ, announced that its Swiss-based development partner Nycomed has filed for European clearance to market teduglutide (Revestive) for the treatment of short bowel syndrome. The submission triggers a milestone payment to NPS that the company says is in the mid-seven digits. NPS expects to file for approval to market teduglutide … Continue reading “NPS Earns Seven-Figure Milestone Payment”
AVI Biopharma Adds Chief Scientist
AVI Biopharma (NASDAQ: [[ticker:AVII]]), the Bothell, WA-based developer of RNA-based therapies, said today it has hired Peter Linsley as its chief scientific officer. Linsley, 59, had previously been the chief scientist at San Diego-based Regulus Therapeutics, a company formed by Alnylam Pharmaceuticals and Isis Pharmaceuticals to develop microRNA treatments.
Voxel Nabs $5.5 Million for Cloud Hosting Services
Voxel dot Net, a New York-based provider of hybrid cloud hosting and managed services, announced that it has completed a Series A venture capital round, led by private equity firm Seaport Capital. The company intends to use the $5.5 million raised to deploy virtual servers, private cloud solutions, and other infrastructure services to customers in … Continue reading “Voxel Nabs $5.5 Million for Cloud Hosting Services”
Columbia Teams With Sanofi on Diabetes Research
France’s Sanofi-Aventis (NYSE:[[ticker:SNY]]) is tapping into the diabetes expertise at Columbia University Medical Center, signing a three-year deal with the college to investigate new diabetes treatments. According to a statement from Sanofi, the partnership will focus on a hormone called osteocalcin, which influences blood sugar and fat deposition. Columbia professor Gerard Karsenty, who chairs Columbia’s … Continue reading “Columbia Teams With Sanofi on Diabetes Research”
$2M for BL Healthcare
BL Healthcare, a Foxboro, MA-based provider of telemedicine products, has raised an additional $2 million in equity, debt, and rights financing to bring its Series A round to $4.9 million, according to an SEC filing. The company previously disclosed that it had raised $2.9 million in the first-round financing in August 2009. According to the … Continue reading “$2M for BL Healthcare”
TVC Capital Cashes in on Accordent, GA Aeronautical Systems Delivers Last Predator, Ortiva Wireless Forms Tech Alliance, & More San Diego BizTech News
It was relatively quiet on San Diego’s tech front last week, but the mix of news was unusual and interesting. Check it out for yourself. —San Diego-based TVC Capital, a small private equity investment firm focused solely on software deals, was the lone investor in El Segundo, CA-based Accordent Technologies, which was acquired last week … Continue reading “TVC Capital Cashes in on Accordent, GA Aeronautical Systems Delivers Last Predator, Ortiva Wireless Forms Tech Alliance, & More San Diego BizTech News”
Vertica CEO Chris Lynch Talks HP Acquisition, Fires Back at Netezza, IBM in “Big Data” Battle
Big data, schmig data. I know, you’re sick of it. Too bad. Let’s get right to the trash talk, shall we? A few weeks ago, Netezza CEO Jim Baum (who’s now part of IBM) was telling me about the competitive landscape in “big data” analytics—the software and machinery that businesses are using these days to … Continue reading “Vertica CEO Chris Lynch Talks HP Acquisition, Fires Back at Netezza, IBM in “Big Data” Battle”
Bigger Isn’t Better: It’s Time for Big Pharma to Break Up Into Little Pharma
Fresh headlines cross my desk almost weekly about the crisis in the pharmaceutical business. Jaw-dropping sums of money, about $65 billion a year, flow into the pursuit of new medicines. Yet every year we hear the same old refrain—a pathetic number of new FDA-approved drugs, just 21 last year—come out the other end. This highly … Continue reading “Bigger Isn’t Better: It’s Time for Big Pharma to Break Up Into Little Pharma”
Seattle’s Tech Job Crunch: How Long Can the Valley Invaders Poach from Microsoft, Amazon Before the Talent Well Runs Low?
Another month gone by in Seattle, and another Silicon Valley company has moved in to establish a beachhead for recruiting tech workers. And they all seem to say the same thing: This area is rich with talent. That’s certainly true—not to mention cheaper, compared to the Bay Area. But all of those companies often wind … Continue reading “Seattle’s Tech Job Crunch: How Long Can the Valley Invaders Poach from Microsoft, Amazon Before the Talent Well Runs Low?”
Emo Labs Secures $1,400,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8713c58c-9172-427c-9a04-adc6d59db880&Preview=1 Date 3/28/2011 Company Name Emo Labs Mailing Address 186 Third Avenue Waltham, MA 02451 Company Description Emo Labs’ invisible loudspeaker solutions unify audio and video to create a better multimedia entertainment experience. Website http://www.emolabs.com Transaction Type Venture Equity Transaction Amount $1,400,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Emo Labs Secures $1,400,000 New Financing Round”
Physware Obtains $6,901,915 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=900b7fdb-f163-4c0e-bb81-11e7079cf2ac&Preview=1 Date 3/28/2011 Company Name Physware Mailing Address 600 108th Ave NE Bellevue, WA 98004 Company Description Physware, Inc. develops high-speed field solutions for signal and power issues in high-frequency package and board-level electrical modeling and design for the microelectronics industry. The company’s patent-pending, physics-aware technology tightly couples analysis and design methods … Continue reading “Physware Obtains $6,901,915 New Financing”
Sorteo Games Lands $1,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a69e4f4-ef03-4da6-a829-f684ca65e29b&Preview=1 Date 3/28/2011 Company Name Sorteo Games Mailing Address 3978 Sorrento Valley Blvd. San Diego, CA 92121 Company Description Digital Orchid, the industry’s leading technology innovator in the development, management, and distribution of branded real-time wireless applications and mobile content platforms. Website http://www.digitalorchid.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round … Continue reading “Sorteo Games Lands $1,000,000 New Funding Round”
Tabula Lands $108,000,000 Series D Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c667bc27-9f27-4aac-a634-3c88da7a5503&Preview=1 Date 3/28/2011 Company Name Tabula Mailing Address 3250 Olcott St. Santa Clara, CA 95054 Company Description Tabula is creating a platform for logic design that will forever change the way the world transforms ideas into silicon. With Tabula’s devices the benefits of programmability are delivered to markets currently served only by … Continue reading “Tabula Lands $108,000,000 Series D Financing Round”
Aerohive Networks Receives $25,000,000 Series D Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b0373c7b-1d9e-4aed-9653-749ff5366b11&Preview=1 Date 3/28/2011 Company Name Aerohive Networks Mailing Address 330 Gibraltar Dr. Sunnyvale, CA 94089 Company Description Aerohive Networks is pioneering a next-generation enterprise wireless LAN architecture. Aerohive’s cooperative control wireless LAN architecture eliminates wireless LAN controllers, providing all the management, mobility, and security of controller-based architectures without the cost, capacity, performance … Continue reading “Aerohive Networks Receives $25,000,000 Series D Funding”
Clever Machine Lands $3,250,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c7d1a2e6-f290-44e7-b02a-c6b37c2b3dc4&Preview=1 Date 3/28/2011 Company Name Clever Machine Mailing Address 250 Sutter St. San Francisco, CA 94108 Company Description Clever Machine is transforming collaboration and project management with exciting, new software for working teams. Picking up where shared spaces and FTP sites fall short, Clever Machine has developed a post-relational database information management … Continue reading “Clever Machine Lands $3,250,000 New Funding Round”
adap.tv Lands $20,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b1cf851c-4f01-4578-9acd-b9f4f864ec64&Preview=1 Date 3/28/2011 Company Name adap.tv Mailing Address One Waters Park Drive San Mateo, CA 94403 Company Description adap.tv provides a unique online video advertising platform that allows publishers and advertisers to match relevant advertising with online video content. The company uses advanced technology to analyze the video, audio and metadata to … Continue reading “adap.tv Lands $20,000,000 New Financing Round”
Conductor Obtains $1,048,126 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9f40246f-c198-4f7f-9de3-d5e475f9f5e6&Preview=1 Date 3/28/2011 Company Name Conductor Mailing Address 230 Park Avenue South New York, NY 10003 Company Description Conductor is an emerging leader in natural search solutions, helping organizations manage information for greater search engine visibility, developing industry leading SEO solutions, and providing thought leadership for the natural search industry. Website http://www.conductor.com … Continue reading “Conductor Obtains $1,048,126 New Funding Round”
Z2Live Receives $500 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56d69433-ee9b-40a2-b80e-4f9fa2330f4c&Preview=1 Date 3/28/2011 Company Name Z2Live Mailing Address 1601 2nd Ave Seattle, WA 98101 Company Description Z2Live was formed to leverage the new capabilities of mobile devices, the seamless flow between mobile and Web communities and the advent of consumer-focused marketplaces. Website http://www.Z2Live.com Transaction Type Venture Equity Transaction Amount $500 Transaction Round … Continue reading “Z2Live Receives $500 New Funding Round”
Biomimicry: Nature, Innovation, and the New Economy
This two-day conference, sponsored by Qualcomm’s new Mirasol display technology, presents an overview and an opportunity to consider technology solutions based on the natural world. Products based on nature’s principles are poised to be industry leaders in innovation, efficiency, and sustainability. As the keeper of the world’s largest collection of plants and animals, the San … Continue reading “Biomimicry: Nature, Innovation, and the New Economy”
Are Consumer Electronics the Future of Wireless or Vice Versa?
CommNexus has organized this panel discussion to explore the impact that wireless technologies will have on the next generation of consumer electronic devices. Panelists will discuss what technologies are in the pipeline, how the wireless world is evolving into a multitude of tablets, where the TV and PC fit in, wireless video games, and how … Continue reading “Are Consumer Electronics the Future of Wireless or Vice Versa?”
Commercial Venture Debt Update
Silicon Valley Bank’s senior relationship manager, Frederick “Buzz” Kreppel, will be the keynote speaker at this presentation on current venture debt markets. Kreppel is responsible for managing operations at SVB’s San Diego office, and leads its technology banking team. He has extensive experience structuring unique debt facilities for both technology and life science companies and … Continue reading “Commercial Venture Debt Update”
Challenges and Opportunities in Indoor Location Technologies
New hybrid positioning technologies are expected to drive the mobile location-based services market to exceed $12 billion by 2014. The costs of integrating such positioning and location capabilities in devices are also low; in fact, so low that location capability is now expected to be included in most portable devices and vehicles. With the market … Continue reading “Challenges and Opportunities in Indoor Location Technologies”
Qualifying a CMO to Manufacture Biologic Products
This is the first event by San Diego BioProcess Forum, a recently founded group focused on professional networking and continuing education in BioProcessing. The group has arranged a presentation by Wolfgang Noe on considerations in qualifying a contract manufacturing organization to make biologic products. Noe is a senior consultant at BPTC and was previously the vice … Continue reading “Qualifying a CMO to Manufacture Biologic Products”
Industry Leaders Series: National Instruments Co-Founder and CEO James Truchard
CommNexus, San Diego’s telecommunications trade group, has organized a presentation on “Trends and Technologies: Driving the Future of Test” that features National Instruments CEO James Truchard. Moore’s law has driven tremendous increases in performance and reductions in cost for electronics products across every industry for more than half a century. Truchard will discuss the impact … Continue reading “Industry Leaders Series: National Instruments Co-Founder and CEO James Truchard”
UCSD’s James Fowler on Using Social Networks to Detect Epidemics
Current methods for the detection of contagious outbreaks give contemporaneous information at best about the course of an epidemic. Yet it is known that individuals near the center of a social network are likely to be infected sooner during the course of an outbreak than those at the periphery. James Fowler, the author of “Connected” … Continue reading “UCSD’s James Fowler on Using Social Networks to Detect Epidemics”
Reimbursement Issues, Market Access, and Health Reform
Biocom has organized this panel discussion for anyone who is part of life sciences drug development, medical device, and diagnostics businesses to learn about the potential impact of health reform. Attendees will come away with a better understanding of key components of the Patient Protection and Affordable Care Act and how they affect market access … Continue reading “Reimbursement Issues, Market Access, and Health Reform”
From the Laboratory to Leadership Training
This is the first part in a series of management courses created by Leadership Edge that is designed to turn science-minded managers into capable business leaders. Participants get the core management skills they need to fully leverage your company’s human capital. The program includes company and industry relevant case studies, practical and engaging exercises, down-loadable … Continue reading “From the Laboratory to Leadership Training”
Biocom’s Annual “Celebration of Life” Dinner
Biocom is hosting a fun-filled and entertaining evening with the FDA—that is, Friends, Dining & Ale—as the nonprofit industry group highlights the many achievements of the life sciences industry at its 8th Annual “Celebration of Life” Dinner. More information and online registration is here.