$11.2M for Samplify

Santa Clara, CA-based Samplify, which makes signal processing systems for makers of medical and scientific equipment, said yesterday that it had raised $11.2 million in a Series B financing round joined by Integrated Device Technology, Inc. (NASDAQ: IDTI), Charles River Ventures, Formative Ventures, and Schlumberger (NYSE: SLB). Schlumberger software governance manager Ginger Hildebrand is joining … Continue reading “$11.2M for Samplify”

A New Way to Teach Entrepreneurship: Class 1 at Stanford’s Lean Launchpad

For the past three months, we’ve run an experiment in teaching entrepreneurship. In January, we introduced a new graduate course at Stanford called the here describe the details of the class.) Get Out of the Building and test the Business Model While we were going to teach theory and frameworks, these students were going to … Continue reading “A New Way to Teach Entrepreneurship: Class 1 at Stanford’s Lean Launchpad”

Report: Genzyme Chief Could Reap $221.2M in Sanofi Deal

Genzyme chief executive Henri Termeer is due to take in $158.4 million from French drug giant Sanofi-Aventis’s buyout of his Cambridge, MA-based biotech firm, Bloomberg reported. Termeer is also eligible for up to $62.8 million from contingent value rights payments if Genzyme products such as the experimental multiple sclerosis drug alemtuzumab (Lemtrada) meet all performance … Continue reading “Report: Genzyme Chief Could Reap $221.2M in Sanofi Deal”

Tethys Seeks to Double Sales of Test, Prove Value of Preventing Diabetes

Fortunes have been made many times over with new drugs and medical devices to treat chronic and deadly diseases. The folks at Emeryville, CA-based Tethys Bioscience have a different idea that is actually quite radical: They want to make money by preventing disease, not treating it. “Here we are spending about $200 billion a year … Continue reading “Tethys Seeks to Double Sales of Test, Prove Value of Preventing Diabetes”

Gates Foundation Makes First Equity Investment in a Biotech Startup, Liquidia Technologies

Global health innovators have a rich new venture capitalist to turn to—the Bill & Melinda Gates Foundation. The Seattle-based nonprofit, the world’s largest philanthropy with $36.4 billion in assets, made its first direct equity investment in a for-profit biotech company last week when it pumped $10 million into Research Triangle Park, NC-based Liquidia Technologies. While … Continue reading “Gates Foundation Makes First Equity Investment in a Biotech Startup, Liquidia Technologies”

Netezza Chief Talks About “Formative” PTC Days, IBM Deal History, and the Future of Big Data

The name’s Baum. James Baum. OK, he might not be a dead ringer for 007, but I get the feeling Baum could handle himself in a firefight, high-stakes poker game, or dinner with the Queen, all with equal aplomb. He is a highly skilled pilot. He’s also pretty good with business intelligence, data warehouse appliances, … Continue reading “Netezza Chief Talks About “Formative” PTC Days, IBM Deal History, and the Future of Big Data”

Facebook and Salesforce Hunt for Talent, Bing Rolls Out New Features, UW’s Drone Races, & More in Seattle-Area Tech News

Visits with some of Seattle’s big-name Silicon Valley invaders, details from some emerging startups, and new features for Microsoft’s underdog search engine are among the highlights in this wrap-up of the past week in Xconomy’s Seattle tech coverage. —We stopped in for chats with leaders from both Facebook and Salesforce.com in the past week, checking … Continue reading “Facebook and Salesforce Hunt for Talent, Bing Rolls Out New Features, UW’s Drone Races, & More in Seattle-Area Tech News”

Imprivata Aims to Make It Easier to Securely Access Electronic Health Records

Lexington, MA-based Imprivata is among the software companies that is benefiting from the push in the U.S. and abroad to adopt electronic health records. And the venture-backed company seems to have found its place in the healthcare field by streamlining the way clinicians securely access IT systems. This year, the U.S. government starts paying out … Continue reading “Imprivata Aims to Make It Easier to Securely Access Electronic Health Records”

Cortera Garners New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f40a674e-d620-4098-bf74-0aaf275262b9&Preview=1 Date 3/8/2011 Company Name Cortera Mailing Address One Pine Hill Drive Batterymarch Park II Quincy, MA 02169 Company Description Cortera’s mission is to give you better, more actionable insights into the companies you deal with, without the hassle or high prices. It’s what we call Fresh Perspective. Website http://www.cortera.com Transaction Type … Continue reading “Cortera Garners New Financing Round”

RelayRides Receives $5,113,711 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3f480d2-0460-47bc-be5a-380b3d0996fa&Preview=1 Date 3/8/2011 Company Name RelayRides Mailing Address 222 3rd St. Cambridge, MA 02141 Company Description The company operates a website and service that allows users to share automobiles. Website http://www.RelayRides.com Transaction Type Venture Equity Transaction Amount $5,113,711 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A … Continue reading “RelayRides Receives $5,113,711 New Funding”

Grid2Home Receives $2,599,999 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=29f899ae-d835-4183-a800-2b25ecd72ab3&Preview=1 Date 3/8/2011 Company Name Grid2Home Mailing Address 404 Camino Del Rio South San Diego, CA 92108 Company Description Grid2Home is a communications software company at the forefront of Smart Energy 2.0 connectivity technologies. Our software solutions provide the two-way data communication necessary to make the Smart Grid a reality. Website http://www.Grid2Home.com … Continue reading “Grid2Home Receives $2,599,999 New Financing Round”

Sapphire Energy Obtains New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9115f2a-e287-4fe3-8c3c-98ba9db8f75c&Preview=1 Date 3/8/2011 Company Name Sapphire Energy Mailing Address 2658 Del Mar Heights Rd Del Mar, CA 92014 Company Description Company scientists have built a platform that uses sunlight, CO2, photosynthetic microorganisms and non-arable land to produce carbon-neutral alternatives to petrochemical-based processes and products. First up: renewable gasoline. Website http://www.sapphireenergy.com Transaction Type … Continue reading “Sapphire Energy Obtains New Round”

EduLender Lands $1,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eda9c996-1240-471b-8612-f650d2d0aa8f&Preview=1 Date 3/8/2011 Company Name EduLender Mailing Address 875 North Michigan Avenue Chicago , IL 60611 Company Description EduLender’s search engine was developed in collaboration with financial aid officers, students, and parents. It has received glowing reviews from the media and from hundreds of financial aid offices that say EduLender is the … Continue reading “EduLender Lands $1,000,000 New Financing”

Breezy Lands $750,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2d4313ff-2354-487b-bd02-ac37ec41a12a&Preview=1 Date 3/8/2011 Company Name Breezy Mailing Address Undisclosed Oakland, CA 94600 Company Description The company provides software for users of BlackBerry phones to print documents via their mobile phone. Website http://www.breezy.com Transaction Type Venture Equity Transaction Amount $750,000 Transaction Round Undisclosed Proceeds Purposes The company would use the financing to scale … Continue reading “Breezy Lands $750,000 New Funding”

LearnBoost Obtains $1,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ffac9137-1634-4515-bfea-e6eaeb1bb722&Preview=1 Date 3/8/2011 Company Name LearnBoost Mailing Address Pier 38 San Francisco, CA 94107 Company Description The company has created an online greeting platform for teachers that allows real-time collaboration around grades between teachers and parents. Website http://www.LearnBoost.com Transaction Type Debt Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “LearnBoost Obtains $1,000,000 New Round”

HubSpot Secures $32,000,000 Series D Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d8b4688b-55d2-4cfd-ae8a-9f22906708ca&Preview=1 Date 3/8/2011 Company Name HubSpot Mailing Address One Broadway 5th Floor Cambridge, MA 02142 Company Description HubSpot is an Internet marketing software platform that enables your company to get more leads from your website by driving more prospects to your website and converting more of them into leads. HubSpot software tracks … Continue reading “HubSpot Secures $32,000,000 Series D Funding”

HomePipe Secures $1,100,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b052257-344d-4264-a6e1-c3deedc59eb3&Preview=1 Date 3/8/2011 Company Name HomePipe Mailing Address 19805 15th Ave. NW. Shoreline, WA 98177 Company Description The company provides a service that allows users to access and share files from any browser or mobile device. Website http://www.homepipe.net Transaction Type Venture Equity Transaction Amount $1,100,000 Transaction Round Series A Proceeds Purposes The … Continue reading “HomePipe Secures $1,100,000 Series A Funding”

Fetch Technologies Garners New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=88d5b7f0-12f3-458b-b2de-5f8a0f23897d&Preview=1 Date 3/8/2011 Company Name Fetch Technologies Mailing Address 841 Apollo St. El Segundo, CA 90245 Company Description Fetch Technologies enables organizations to access, aggregate and use real-time information from websites. Fetch’s enterprise solution is tailored to fit each customer’s needs and navigate websites to instantly deliver meaningful, useful and usable data … Continue reading “Fetch Technologies Garners New Financing Round”

Veniti Obtains $13,500,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e898fa08-f2f6-4be1-afea-3501657e9ef6&Preview=1 Date 3/8/2011 Company Name Veniti Mailing Address 47533 Westinghouse Dr. Fremont, CA 94539 Company Description Veniti, Inc., is a St. Louis, MO. – based medical device company focused on the development of innovative solutions for the comprehensive treatment of chronic venous insufficiency, a condition that affects up to 20% of all … Continue reading “Veniti Obtains $13,500,000 Series A Round”

Astute Medical Obtains $13,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=94d86c33-c4d8-4380-8ebe-d3f4ea1f45c2&Preview=1 Date 3/8/2011 Company Name Astute Medical Mailing Address 3550 General Atomics Court San Diego, CA 92121 Company Description Astute Medical’s mission is to identify and validate protein biomarkers of severe acute disease.Our focus is community and hospital acquired acute conditions that require rapid diagnosis and risk assessment. Our emphasis is on … Continue reading “Astute Medical Obtains $13,000,000 Series B Funding”

“Quadricopters” Take Over UW’s Allen Center Atrium for Electrical Engineering Class Demo

Students from the University of Washington’s electrical engineering program are showing off what looks like a very fun class project. The embedded microcomputer systems class led by professor Shwetak Patel built wireless controller systems for the Parrot AR Drone—a cool little “quadricopter” vehicle that really puts the radio-controlled stuff I remember to shame (and I’m … Continue reading ““Quadricopters” Take Over UW’s Allen Center Atrium for Electrical Engineering Class Demo”

Michigan Economic Development Chief Defends Governor’s Tax Proposals

Republican Gov. Rick Snyder’s top economic development official defended a controversial plan to eliminate certain tax credits in favor of a flat corporate tax rate, arguing the state’s economy would better benefit from broad tax reform than tax breaks aimed at specific industries. The best way to lower the state’s 11 percent unemployment rate is … Continue reading “Michigan Economic Development Chief Defends Governor’s Tax Proposals”

TechFlash Duo, Todd Bishop and John Cook, Quit PSBJ to Start New Site, GeekWire

Todd Bishop and John Cook, two of the Northwest’s well-known technology journalists, have decided to leave TechFlash, the Puget Sound Business Journal website they started two and a half years ago, to start their own online media company called GeekWire. The two Seattle-based journalists, who worked together for years at the Seattle Post-Intelligencer before joining … Continue reading “TechFlash Duo, Todd Bishop and John Cook, Quit PSBJ to Start New Site, GeekWire”

Rising Diesel Prices Helped to Spark Fallbrook’s Hodyon Acquisition

San Diego’s Fallbrook Technologies, which has spent more than a decade developing technology for a more fuel-efficient, continuously variable transmission, says today it has acquired Hodyon, a Texas-based maker of auxillary power systems for trucks. Financial terms were not disclosed, but Fallbrook CEO Bill Klehm called me from Europe to explain the logic of the … Continue reading “Rising Diesel Prices Helped to Spark Fallbrook’s Hodyon Acquisition”

At Beautylish, Three Men and a Beauty Editor Build a Community Around Cosmetics

When Beautylish co-founders Vu Nguyen, Sameer Iyengar and Nils Johnson started raising money for their beauty-focused social network last July, they turned to angel investors who could give them more than just dollars (though they got about 1 million of them); they sought out founders of companies like YouTube and Yelp to get advice about … Continue reading “At Beautylish, Three Men and a Beauty Editor Build a Community Around Cosmetics”

IPad 2 Unveiled, Altius Rethinks Junior College, Hipmunk Adds Hotel Search, Thrutu Reimagines the Phone Call, & More Bay Area BizTech News

While Apple’s iPad 2 announcement was the marquee event in the San Francisco/Silicon Valley tech scene last week, there was plenty of other news, including the debut of some interesting new Web and mobile applications. —My biggest project of the week was preparing an in-depth analysis of Altius Education, the venture-backed, San Francisco-based company working … Continue reading “IPad 2 Unveiled, Altius Rethinks Junior College, Hipmunk Adds Hotel Search, Thrutu Reimagines the Phone Call, & More Bay Area BizTech News”

Expressor Adds $4.5M

Burlington, MA-based Expressor Software has brought in $4.5 million in a debt-based offering, according to an SEC filing. Last May the data integration software provider raised $4.5 million from its previous investors, Commonwealth Capital Ventures, Globespan Capital Partners, and Sigma Partners.

CardioDx Raises $40M

Palo Alto, CA-based CardioDx, which developes genomic tests assessing patients’ risk of developing cardiovascular disease, has raised $40 million in a round of equity-based financing, according to a regulatory filing. New investor Longitude Capital led the Series E round, according to a report in Dow Jones VentureWire. CardioDx’s existing investors include Kleiner Perkins Caufield & … Continue reading “CardioDx Raises $40M”

WaySavvy, With Expedia Partnership, Joins New Wave of Online Travel Sites

A collaboration between New England and Northwest techies is aiming to radically improve the way people book flights and hotels on the Web. If all goes well, it will become part of a broader movement of tech companies looking to reshape the online travel landscape. I’m not talking about the alliance between Microsoft’s Bing Travel … Continue reading “WaySavvy, With Expedia Partnership, Joins New Wave of Online Travel Sites”

Teradata Acquires Aster Data Systems, Mad Catz Picks Up V Max Technology, & More San Diego Area BizTech News

San Diego’s analytics software cluster pulled another company into its orbit with Teradata’s acquisition of Silicon Valley’s Aster Data Systems. We have that and the rest of San Diego’s biztech news wrapped up here. —Teradata, based in Dayton, OH, acquired San Carlos, CA-based Aster Data Systems for $263 million. The deal combines Teradata’s expertise in … Continue reading “Teradata Acquires Aster Data Systems, Mad Catz Picks Up V Max Technology, & More San Diego Area BizTech News”

Advice Received, But Not Taken: Tales from the Biotech Trenches

Biotechnology is a challenging business, with drug development timelines that are long, costly, and dependent on the approval of government regulatory agencies. The vast majority of biotechs never succeed in developing a new drug. There are many issues that contribute to whether or not a company achieves its goals and makes it in the marketplace. … Continue reading “Advice Received, But Not Taken: Tales from the Biotech Trenches”

ShipSweet Attempts to Stick It to the FedEx-UPS Duopoly with Cheap Shipping for Small Business

[Corrected 3/7/11 10:15 a.m.] Remember shelling out big shipping and handling charges for that rotisserie oven you just had to buy from some infomercial? Small retailers sure do—and they remember it fondly. In fact, when entrepreneurs Ron Wiener and Josh Leichtung were in the catalog business years ago, shipping and handling could actually account for your … Continue reading “ShipSweet Attempts to Stick It to the FedEx-UPS Duopoly with Cheap Shipping for Small Business”

AdGrok Emerges from Beta, Simplifying Search Engine Marketing on Google

San Francisco-based AdGrok is one of those companies that takes something that used to be hazardous for non-professionals—in this case, managing keyword-based ad campaigns on Google—and makes it into a self-service task that average businesspeople can handle without fear. The startup’s CEO, Antonio Garcia-Martinez, compares his service to TurboTax in the tax preparation arena or … Continue reading “AdGrok Emerges from Beta, Simplifying Search Engine Marketing on Google”

VC Analyst Turned Entrepreneur Looks to Bring Sophisticated Stock Market Data to Individual Investors with Screener.co

Former venture capital analyst Lenny Grover left his gig at Waltham, MA-based Longworth Venture Partners to make a sustainable business out of a personal hobby: sophisticated stock trading. No, he’s not working on yet another online trading platform, but is instead looking to the hot field of data and analytics to bring individual investors the … Continue reading “VC Analyst Turned Entrepreneur Looks to Bring Sophisticated Stock Market Data to Individual Investors with Screener.co”

Forget About the IPO Market: It’s Time for Biotechs To Think Differently

When a company like Plexxikon can’t pull off a big-time IPO, you know something’s out of whack in the biotech world. Berkeley, CA-based Plexxikon hit the motherlode last week when it agreed to be acquired for $805 million upfront, plus $130 million in milestones, by Japan-based Daiichi Sankyo. VCs everywhere drooled. That’s because in this … Continue reading “Forget About the IPO Market: It’s Time for Biotechs To Think Differently”

Expressor Software Secures $4,500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9f13791-1985-4816-8e7f-6bafa78b6a21&Preview=1 Date 3/7/2011 Company Name Expressor Software Mailing Address 1 New England Executive Park Burlington, MA 01803 Company Description The company provides multi-platform, parallel, processing, data management software. Website http://www.expressor-software.com Transaction Type Debt Transaction Amount $4,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture … Continue reading “Expressor Software Secures $4,500,000 New Funding Round”

Gigya Lands $6,000,548 Series C Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ea0713ad-94c0-45d8-a35d-4cddcc599ca9&Preview=1 Date 3/7/2011 Company Name Gigya Mailing Address 855 El Camino Real Building 4 Palo Alto, CA 94301 Company Description Gigya is a social marketing solutions company delivering scale and results to publishers and advertisers. Gigya’s infrastructure connects brand advertisers, content publishers and an enormous audience of active social media users. Website … Continue reading “Gigya Lands $6,000,548 Series C Round”

Samplify Systems Receives $11,200,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cb99ba1f-fdeb-4ccc-8acf-6e60a5bd8472&Preview=1 Date 3/7/2011 Company Name Samplify Systems Mailing Address 160 Saratoga Avenue Santa Clara, CA 95051 Company Description Samplify Systems is a venture-funded Silicon Valley startup that delivers simply the bits that matter in real-world signal processing applications. By bridging the ever-widening gap between faster data converters and the fixed-bandwidth infrastructure that … Continue reading “Samplify Systems Receives $11,200,000 Series B Financing”

Origo Networks Secures $2,749,820 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=db1279c2-121a-4857-b46b-91710dc52cdf&Preview=1 Date 3/7/2011 Company Name Origo Networks Mailing Address 505 Montgomery St. San Francisco, CA 94111 Company Description Our Business Application Network allows businesses to easily find the perfect software solution for their needs through our application marketplaces. Website http://www.appdirect.com Transaction Type Debt Transaction Amount $2,749,820 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Origo Networks Secures $2,749,820 New Round”

CardioDx Lands $57,491,448 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=83a50975-04fd-4770-a72c-db547a89d254&Preview=1 Date 3/7/2011 Company Name CardioDx Mailing Address 2500 Faber Place Palo Alto, CA 94303 Company Description Founded in 2004, CardioDx is a cardiovascular genomic diagnostics company located in Palo Alto, CA. CardioDx develops clinically validated genomic tests to aid in assessing and tailoring care of individuals with cardiovascular disease, including coronary … Continue reading “CardioDx Lands $57,491,448 New Financing”

YouTube Acquires Next New Networks for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3102a5e4-39c0-45ab-a021-8f258514ac5c&Preview=1 Date 3/7/2011 Company Name Next New Networks Mailing Address 22 West 21st Street 10th Floor New York, NY 10010 Company Description Next New Networks is a media company that is creating micro television networks over the internet for targeted communities, bringing together elements of traditional TV networks with Internet functionality that … Continue reading “YouTube Acquires Next New Networks for Undisclosed Sum”

SpareFoot Lands $1,500,000 Series B Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5fcc7661-ca5c-4bf9-8aa2-798a948f0663&Preview=1 Date 3/7/2011 Company Name SpareFoot Mailing Address 720 Brazos Street Austin, TX 78701 Company Description The SpareFoot marketplace has storage listings of all shapes and sizes, with everything from the units at your local self-storage facility to the garage, bedroom or parking spot at your neighbor’s house. In the same way … Continue reading “SpareFoot Lands $1,500,000 Series B Round”

The Art of the Term Sheet

In partnership with Procopio, Cory, Hargreaves and Savitch, this workshop outlines the components for developing a comprehensive funding strategy, with a special focus on understanding the provisions of a term sheet. Certain provisions have far-reaching implications for maintaining control of the company. There also are economic implications of some provisions in follow-on funding rounds and … Continue reading “The Art of the Term Sheet”

Preparing for Investment Capital

In the current start-up environment, executives need to take steps to prepare their company for receiving outside investment long before approaching potential investors. In this workshop, Cooley law firm partners Charles Bair, Patrick Loofbourrow, and Ken Rollins discuss capital investment issues for emerging companies and how best to structure your company in advance of funding … Continue reading “Preparing for Investment Capital”

MyBuys Gets $20M

Redwood City, CA-based MyBuys, which helps e-commerce companies deliver personalized Web, e-mail, and mobile product offers to consumers, announced today that it has collected $20 million in Series C funding. Rho Ventures led the round, which was joined by existing investors Lightspeed Ventures and Palomar Ventures. The company said it would use the money to … Continue reading “MyBuys Gets $20M”

Stephen Wolfram’s Gadgets, The Future of Windows Phones, and Other Mobile Madness Themes: Tune In Next Week

Mobile Madness 2011 is happening next Wednesday, March 9, at Microsoft NERD in Cambridge, MA. Be there or be square. A couple of quick updates, before I return to the raging news-osphere. You can see the updated, detailed agenda for the conference here. —We’ve added Microsoft enterprise mobile specialist Anthony Kinney to the program. Here’s … Continue reading “Stephen Wolfram’s Gadgets, The Future of Windows Phones, and Other Mobile Madness Themes: Tune In Next Week”