M9 Defense Receives $1,362,685 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=61757690-16c1-4937-953a-99517e5ae66b&Preview=1 Date 1/12/2011 Company Name M9 Defense Mailing Address 13110 NE. 177th Pl. Woodinville, WA 98072 Company Description In addition to M9’s innovative Boroclave (Advanced Hydroforming) and press technologies, M9 is an industry leader in advance composite processing and material science. Website http://www.m9defense.com Transaction Type Venture Equity Transaction Amount $1,362,685 Transaction Round … Continue reading “M9 Defense Receives $1,362,685 New Funding Round”

Celleration Secures $8,000,000 Series E Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a10222fd-3e38-4105-bae1-06545ed7b6a5&Preview=1 Date 1/12/2011 Company Name Celleration Mailing Address 10250 Valley View Road Eden Prairie, MN 55344 Company Description Celleration Inc., a Minnesota based medical device company, has produced an impressive and growing body of clinical research with an exciting new wound healing device, the MIST Therapy System. Website http://www.celleration.com Transaction Type Venture … Continue reading “Celleration Secures $8,000,000 Series E Round”

FeeFighters Secures $1,600,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7fd03519-3e09-4de6-b09d-5e1c9752ea6b&Preview=1 Date 1/12/2011 Company Name FeeFighters Mailing Address 200 S. Wacker Dr. Chicago, IL 60606 Company Description FeeFighters is a comparison shopping website for credit card processing. Our unique auction process and comparison engine allows us to save businesses 40% on average on their credit card processing. Website http://www.feefighters.com Transaction Type Venture … Continue reading “FeeFighters Secures $1,600,000 New Funding”

Zend Technologies Receives $7,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a8cdb3a6-222e-4243-8124-0cff9d183f4b&Preview=1 Date 1/12/2011 Company Name Zend Technologies Mailing Address 19200 Stevens Creek Blvd. Cupertino, CA 95014 Company Description Zend Technologies, Inc., the PHP company, is the leading provider of products and services for developing, deploying and managing business-critical PHP applications. Website http://www.zend.com Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round Undisclosed … Continue reading “Zend Technologies Receives $7,000,000 New Funding”

Baynote Obtains $13,000,000 Series C Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf6e10de-59ee-4c84-8502-17ec3bebd71d&Preview=1 Date 1/12/2011 Company Name Baynote Mailing Address 5300 Stevens Creek Blvd San Jose, CA 95129 Company Description Baynote’s revolutionary Content Guidance uses the “Wisdom of Community”— the implicit, emergent behaviors of peers, experts and the greater community — to guide users to the most useful content and information. Offered as a … Continue reading “Baynote Obtains $13,000,000 Series C Round”

Strava Receives $3,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4666f4e0-99ce-41ce-8fc7-c7beef362361&Preview=1 Date 1/12/2011 Company Name Strava Mailing Address Undisclosed San Francisco, CA 94123 Company Description The company provides an online service that tracks and gives in-depth feedback and analytics for GPS tracked exercise. Website http://www.strava.com Transaction Type Venture Equity Transaction Amount $3,500,000 Transaction Round Undisclosed Proceeds Purposes Strava will put funding towards … Continue reading “Strava Receives $3,500,000 New Funding”

Avinger Lands $25,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f059a9e-0b5a-4abd-98ee-ec5ebed4ea4d&Preview=1 Date 1/12/2011 Company Name Avinger Mailing Address 400 Chesapeake Dr. Redwood City, CA 94063 Company Description The company is developing medical device treatments for peripheral artery disease. (PAD) Website http://www.avinger.com Transaction Type Venture Equity Transaction Amount $25,000,000 Transaction Round Undisclosed Proceeds Purposes The round will be used to accelerate the commercialization … Continue reading “Avinger Lands $25,000,000 New Funding”

SalesCrunch Garners $1,400,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=668f4e0f-6a0d-494a-ab8a-f0988f708d3f&Preview=1 Date 1/12/2011 Company Name SalesCrunch Mailing Address 41 E. 11th St., 11th Floor New York, NY 10003 Company Description The company has developed a suite of online meeting and training technologies. Website http://www.salescrunch.com Transaction Type Venture Equity Transaction Amount $1,400,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “SalesCrunch Garners $1,400,000 New Round”

iWalk Steps Up with $15M More, Report Says

Cambridge, MA-based iWalk, the developer of an advanced prosthetic ankle and foot, has raised $15 million in its third round of financing, according to a report by Scott Kirsner of the Boston Globe. Boston-area venture firms Sigma Partners and General Catalyst participated in the round, as well as New York-based WFD Ventures, the report says. … Continue reading “iWalk Steps Up with $15M More, Report Says”

NextWave Pharma Snaps Up $45M

NextWave Pharmaceuticals has raised some big bucks to support making new drugs for cardiovascular disease and neurological conditions. The Cupertino, CA-based drug developer said today it has raised $45 million in a Series C financing. The investment was co-led by Panorama Capital and Bay City Capital, and included Kearny Venture Partners, Aisling Capital, Fidelity Biosciences, … Continue reading “NextWave Pharma Snaps Up $45M”

Founder Dialogues IV

This installment of the event series focused on successful founders will spotlight Andy Palmer, who’s had a part in launching Recorded Future, Goby, CloudSwitch, and Vertica Systems, to name a few. Founder Collective managing partner Eric Paley will moderate. Register here for this free event.

Evergreen Solar to Shut Down Massachusetts Plant, Lay Off 800 Workers

Bad news for the Massachusetts cleantech industry—and a lot of factory workers. Marlboro, MA-based Evergreen Solar (NASDAQ: [[ticker:ESLR]]), a developer and manufacturer of solar panels, said today it will shut down its manufacturing plant in Devens, MA, and lay off 800 workers there by the end of the first quarter of 2011. The plant represented … Continue reading “Evergreen Solar to Shut Down Massachusetts Plant, Lay Off 800 Workers”

Start Spreading the (Innovation) News With Xconomy in New York

I’ve got Frank Sinatra on endless mental replay today and I’ll tell you why: I’m looking for a stellar journalist to start spreading the news about innovation in New York, New York. (Look, nobody’s groaning louder than me about that one.  Let’s move on…) My Xconomy colleagues and I are fascinated by the stories emerging … Continue reading “Start Spreading the (Innovation) News With Xconomy in New York”

Service-Now CEO Fred Luddy Sees a Clear Path to $1 Billion in Annual Revenue

Fred Luddy has been in the technology industry since 1973, but as a longtime programmer for mainframe computers and enterprise systems, he says he was still surprised by the advent of Web-based computing. “I didn’t see this whole notion of software over the Internet, of on-demand, software-as-a-service in the cloud,” says Luddy, who now describes … Continue reading “Service-Now CEO Fred Luddy Sees a Clear Path to $1 Billion in Annual Revenue”

U.S. Wages Reset to Early 2008 Levels: Boston and Seattle Fit National Trend; Detroit, San Diego, San Francisco Fare Worse

The average salary for U.S. company workers rose throughout 2007 and 2008, fell during 2009, and held fairly steady in 2010. By the fourth quarter of last year, average earnings had leveled off to approximately what they were at the start of 2008. But there were some variations between different parts of the country. That’s … Continue reading “U.S. Wages Reset to Early 2008 Levels: Boston and Seattle Fit National Trend; Detroit, San Diego, San Francisco Fare Worse”

Silicon Valley Investors Put, Like, A Billion Dollars Into Groupon, & More Bay Area Deals News

The funding announcements are flying so fast and furiously this week that I’ve decided to round them up into a single article. —In a press released headlined “Groupon Raises, Like, A Billion Dollars,” the Chicago-based daily deals site announced yesterday that it has collected $950 million in new equity-based financing from a syndicate including prominent … Continue reading “Silicon Valley Investors Put, Like, A Billion Dollars Into Groupon, & More Bay Area Deals News”

MassInno Nights

This recurring event invites you to check out presentations from area tech startups and vote on your favorite. This month’s installment is sponsored by high tech patent law firm Hyperion Law, and features Grembe Apps, PointKnown, and My Paperless Bills, among other companies, as presenters. Register here.

West Michigan Startup Weekend

This event gives participants 54 hours to start hacking away on what could be the next big mobile or Web technology idea. Developers, designers, and businesspeople will work together to build products and a compelling business plan to support them. Register here.

Resolvyx Sells Eye Drug to Celtic

Cambridge, MA-based Resolvyx Pharmaceuticals said yesterday that Celtic Therapeutics has exercised its option to buy its lead drug, RX-10045, for treating dry eye and other eye diseases. Financial details of the deal weren’t disclosed. The two companies revealed the option agreement in October 2010. Celtic, which has offices in New York in Lausanne, Switzerland, plans … Continue reading “Resolvyx Sells Eye Drug to Celtic”

Rib-X Raises Another $20M, Led by Warburg Pincus, to Develop Late Stage Antibiotics

New Haven, CT-based Rib-X Pharmaceuticals has rounded up another sizable investment to carry out its antibiotic R&D. The company said today it has raised $20 million in a financing led by Warburg Pincus, the giant private equity firm. Rib-X didn’t say in its statement who else invested, or whether it represents debt or equity financing. … Continue reading “Rib-X Raises Another $20M, Led by Warburg Pincus, to Develop Late Stage Antibiotics”

Bernstein’s Retirement Brings Changing of the Guard at PARC; Q&A with Incoming CEO Steve Hoover

The storied Palo Alto Research Center, birthplace of such fundamental information-technology advances as the personal computer, Ethernet, and the laser printer, has a new leader. The Xerox (NYSE: [[ticker:XRX]]) subsidiary announced today that Steve Hoover, formerly vice president of Xerox’s software and electronics development group, will take the place of current CEO Mark Bernstein, who … Continue reading “Bernstein’s Retirement Brings Changing of the Guard at PARC; Q&A with Incoming CEO Steve Hoover”

As Auto Industry Goes Electric, Michigan Startup Wants to Dot Nation with PEP Stations

As if to place an exclamation point on the electrification of the auto industry, the Chevy Volt was named the North American Car of the Year yesterday at the 2011 North American International Auto Show. But many here in Detroit are wondering when the missing pieces to this fast-approaching Auto Industry 2.0 are going to … Continue reading “As Auto Industry Goes Electric, Michigan Startup Wants to Dot Nation with PEP Stations”

Bump Raises $16M

Bump Technologies, maker of software that allows mobile device users to initiate file exchanges by physically bumping their devices, announced in a blog post tonight that it has closed a $16 million second round of funding—a big increase over its first round of roughly $3 million, raised in October 2009. Venture firm Andreessen Horowitz led … Continue reading “Bump Raises $16M”

Trend Spotting: The Top 9 Rise & Falls We See in the Year Ahead

[Editor’s Note: This post was co-authored with Josh Wolfe of Lux Capital] 1. The Rise of Celebrity Science Nations, cultures, economies all get what they celebrate. Celebrate celebrities and we’ll have another generation of over-consumptive, over-indebted, overweight, underemployed citizenry. But celebrate scientists: thinkers, doers, achievers, explorers, inventors, creators and we stand a shot at restoring … Continue reading “Trend Spotting: The Top 9 Rise & Falls We See in the Year Ahead”

PHP Fog Raises $1.8M

Portland, OR-based PHP Fog said today it has raised $1.8 million from Madrona Venture Group, First Round Capital, Founder’s Co-op, and other prominent angel investors. The company, founded by developer Lucas Carlson, was established a year ago to make it easier to deploy and scale up applications of PHP, the popular programming language, via cloud … Continue reading “PHP Fog Raises $1.8M”

Carbonite, With IPO On the Horizon, Puts New Focus on Consumers and Small Businesses

For years, Carbonite has been one of the compelling stories of the Boston-area tech scene. That story is about to get more compelling in 2011. The online data-backup company, which launched its consumer service in 2006, has talked openly about its plans to file for an initial public offering later this year. In an in-depth … Continue reading “Carbonite, With IPO On the Horizon, Puts New Focus on Consumers and Small Businesses”

Rib-X Pharmaceuticals Receives $20,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4000817f-b5f4-451a-8605-2df25c22495c&Preview=1 Date 1/11/2011 Company Name Rib-X Pharmaceuticals Mailing Address 300 George Street New Haven, CT 06511 Company Description Rib-X Pharmaceuticals is a product-driven small molecule drug discovery and development company focused on the structure-based design of new classes of antibiotics. The company’s underlying drug discovery engine capitalizes on its proprietary high-resolution crystal … Continue reading “Rib-X Pharmaceuticals Receives $20,000,000 New Financing Round”

PHP Fog Lands $1,800,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=28f95894-5c98-4f56-9429-86523024a6ca&Preview=1 Date 1/11/2011 Company Name PHP Fog Mailing Address 2732 SE. 18th Ave. Portland, OR 97202 Company Description The company makes it easier to deploy and scale applications of PHP via cloud computing infrastructure. Website http://www.phpfog.com Transaction Type Venture Equity Transaction Amount $1,800,000 Transaction Round Series A Proceeds Purposes The company is … Continue reading “PHP Fog Lands $1,800,000 Series A Round”

Mithridion Lands $1,250,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f882144-5f7b-4e69-8157-0f79f376b94f&Preview=1 Date 1/11/2011 Company Name Mithridion Mailing Address 505 Science Drive Madison, WI 537121 Company Description Mithridion is a biopharmaceutical company that discovers and develops drugs for neurodegenerative diseases, with a focus on Alzheimer’s disease. Website http://www.mithridion.com Transaction Type Venture Equity Transaction Amount $1,250,000 Transaction Round Undisclosed Proceeds Purposes Mithridion intends to … Continue reading “Mithridion Lands $1,250,000 New Funding Round”

Confidela Garners $9,250,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3a70e7f4-d213-4734-b3c1-6727e1315262&Preview=1 Date 1/11/2011 Company Name Confidela Mailing Address 2680 Bayshore Pkwy Mountain View, CA 94043 Company Description The company develops software-as-a service product for the work environment. Website http://www.confidela.com Transaction Type Venture Equity Transaction Amount $9,250,000 Transaction Round Series B Proceeds Purposes The company said it will use the proceeds to expand … Continue reading “Confidela Garners $9,250,000 Series B Financing”

ShopSocial Obtains $999,999 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ebf74880-8a04-4c34-8007-73e356199fac&Preview=1 Date 1/11/2011 Company Name ShopSocial Mailing Address 128 King St. San Francisco, CA 94107 Company Description The company operates a website and service that helps users shop for things in a social manner. Website http://www.shopsocial.com Transaction Type Venture Equity Transaction Amount $999,999 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “ShopSocial Obtains $999,999 New Funding”

Bump Technologies Secures $16,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6e3d08e2-b5ef-4699-866c-7d2b5817b6ac&Preview=1 Date 1/11/2011 Company Name Bump Technologies Mailing Address Undisclosed Mountain View, CA 94041 Company Description Bump is a quick and easy way to connect two phones by simply bumping them together. Exchange your phone number, photos, or compare friends with just a bump. Website http://www.bumptechnologies.com Transaction Type Venture Equity Transaction Amount … Continue reading “Bump Technologies Secures $16,000,000 Series B Financing Round”

iWalk Obtains $15,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=186db6cb-b7a8-40e3-b382-2b7ad1b457c3&Preview=1 Date 1/11/2011 Company Name iWalk Mailing Address 222 Third Street Cambridge, MA 02142 Company Description iWalk’s Mission is to be the leader in wearable devices for human augmentation. Website http://www.iwalkpro.com Transaction Type Venture Equity Transaction Amount $15,000,000 Transaction Round Series C Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “iWalk Obtains $15,000,000 Series C Financing Round”

Bricsnet Obtains $10,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=43bcc563-857f-46e9-8362-623e18c73888&Preview=1 Date 1/11/2011 Company Name Bricsnet Mailing Address 260 California St. San Francisco, CA 94111 Company Description Bricsnet delivers powerful Strategic Planning and Asset Management solutions that drive value in corporate real estate. Website http://www.bricsnet.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Undisclosed Proceeds Purposes The company plans to use … Continue reading “Bricsnet Obtains $10,000,000 New Financing Round”

TagMan Obtains $2,250,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cc52843c-b627-4c79-8a83-61eda82f7e9a&Preview=1 Date 1/11/2011 Company Name TagMan Mailing Address 260W 35 St. New York, NY 10001 Company Description TagMan is the first independent, universal container tag management system. It is designed specifically to provide online advertisers with greater ability to manage the tracking tags that sit on their web site and make the … Continue reading “TagMan Obtains $2,250,000 Series A Financing Round”

Bayer Nuzzles Up Even Closer to UCSF, Strikes 10-Year Master R&D Agreement

Bayer said last year it was moving into San Francisco’s Mission Bay district to be close to the big biology brains at UCSF, and now the German pharmaceutical giant is taking another step to weave itself into the local life sciences cluster by striking a 10-year master R&D agreement with the university. The agreement establishes … Continue reading “Bayer Nuzzles Up Even Closer to UCSF, Strikes 10-Year Master R&D Agreement”

Allurent, Previously Reported Closed, Finds New Life at Jenzabar

This is a startup survival story for the books. Allurent, which the tech media reported as defunct last month, has gotten new life through an acquisition by Boston-based Jenzabar, a maker of higher education enterprise software. What’s more, Allurent, which develops interactive widgets for enhancing e-commerce storefronts, never stopped doing business, says Jenzabar CEO Robert … Continue reading “Allurent, Previously Reported Closed, Finds New Life at Jenzabar”

Qualcomm Acquires Atheros, Sony Introduces Its Google TV, Memjet Spins Out Partnerships, & More San Diego BizTech News

Last week’s Consumer Electronics Show dominated San Diego’s tech news last week. We have the highlights from the two dozen San Diego tech companies that attended the annual conference, along with the rest of the local biztech news. —In one more sign that Wi-Fi is becoming increasingly important to the future of wireless network infrastructure, … Continue reading “Qualcomm Acquires Atheros, Sony Introduces Its Google TV, Memjet Spins Out Partnerships, & More San Diego BizTech News”

Toyota Announces Ann Arbor Safety Research Center

Toyota announced that it will invest roughly $50 million over five years to launch and fund a safety research center at its Toyota Technical Center in Ann Arbor, MI. The Collaborative Safety Research Center will include the University of Michigan as a charter partner, and will work with other research institutions, federal agencies, universities, hospitals, … Continue reading “Toyota Announces Ann Arbor Safety Research Center”

Active Network Launches New ‘Schwaggle’ Program in Bay Area

San Diego’s Active Network, which provides Web-based registration services for marathons, recreation leagues, and other activities, says it is launching a “deal-of-the-day” program tomorrow in the San Francisco Bay Area, with other regions to follow later this year. Active.com says the first deals to be offered this week through its new “Schwaggle” service include a … Continue reading “Active Network Launches New ‘Schwaggle’ Program in Bay Area”

Google Makes Smartphones Smarter, Salesforce.com Continues Acquisition Binge, & More Bay Area BizTech News

Xconomy San Francisco embarked on 2011 last week with a series of stories going behind the scenes with three key researchers at Google. To wit: —In recent speeches, Google CEO Eric Schmidt has called the modern smartphone a “supercomputer in your pocket” and shared his vision of an “age of augmented humanity” when mobile devices … Continue reading “Google Makes Smartphones Smarter, Salesforce.com Continues Acquisition Binge, & More Bay Area BizTech News”

The Cover-Up Culture

In a startup “Good news needs to travel fast, but bad news needs to travel faster.” There’s something about the combination of human nature (rationalization and self deception) and large hierarchical organizations (corporations, military, government, etc.) that actively conspire to hide failure and errors. Institutional cover-ups are so ingrained that we take them for granted. … Continue reading “The Cover-Up Culture”

Wind Power Holdings, With Big Michigan Footprint, Raises $12.7M

Barre, VT-based Wind Power Holdings, the parent company of wind turbine developer Northern Power Systems, has wrapped up a $12.7 million round of equity-based funding, according to a document filed with the SEC. The filing notes that the money comes from 33 investors, including two from outside of the U.S. Northern Power, which dates back … Continue reading “Wind Power Holdings, With Big Michigan Footprint, Raises $12.7M”

Acadia Raises $15M

Silicon Valley’s New Enterprise Associates and Venrock are among the institutional investors participating in a private placement with Acadia Pharmaceuticals (NASDAQ: [[ticker:ACAD]]), a San Diego biotech focused on central nervous system disorders. Acadia says it is selling nearly 12.6 million shares for slightly more than $1.19 a share in a transaction that’s expected to generate … Continue reading “Acadia Raises $15M”

Electric Superbike Finishes Near Top

Riding an all-electric superbike against conventional twin-cylinder, gasoline-powered race bikes, Aliso Viejo, CA-based rider Chip Yates placed 2nd and 3rd in two races yesterday at the Auto Club Speedway in Fontana, CA. As I reported last month, it was the self-funded SWIGZ.com Pro Racing team’s first race with the electric superbike. A statement from the … Continue reading “Electric Superbike Finishes Near Top”

$10M for Dekkun

Dekkun, a stealth-mode life sciences company operating out of Cambridge, MA-based HealthCare Ventures’ offices, has raised $9.9 million of an equity offering that could total $30.5 million, according to an SEC filing. The money comes from four investors, according to the filing, which lists members from HealthCare Ventures, a firm focused on pre-clinical or early clinical … Continue reading “$10M for Dekkun”