In recent years, doctors, scientists, and experts who consult with pharmaceutical companies and hedge funds have come under increasing scrutiny from the media and their fellow professionals. The truth is, it’s a case of caveat emptor—both for the experts and for the organizations hiring them. Biotech or medical device companies that are trying to promote … Continue reading “How VCs Use Advice from Experts”
Dell Buys InsiteOne
Computer giant Dell announced yesterday that it plans to acquire Wallingford, CT-based InsiteOne,a provider of data storage, archiving, and disaster-recovery software and services for medical imaging. Dell (NASDAQ: [[ticker:DELL]]) didn’t reveal how much it paid for the Connecticut company, but said InsitetOne’s cloud-based software that works across vendors will be rolled into Dell’s Unified Clinical … Continue reading “Dell Buys InsiteOne”
Marvell CEO Says ARM Chips are “Here to Stay,” With or Without Microsoft Windows
The CEO of Santa Clara, CA-based semiconductor maker Marvell, Sehat Sutardja, has downplayed the significance of rumors circulating this week that Microsoft plans to unveil a version of Windows that runs on low-power ARM chips like those made by Marvell, Qualcomm, Samsung, and many other companies. Observers are saying that such a move would be … Continue reading “Marvell CEO Says ARM Chips are “Here to Stay,” With or Without Microsoft Windows”
Game Empire Pulls In $4M
Boston-based Game Empire Enterprises has brought in $4.1 million in equity-based funding, an SEC filing reveals. The document notes the financing comes from two unnamed investors, and lists as company directors Thomas Matlack—Megunticook Management founder, former Providence Journal CFO, and a lead investor in Art Technology Group—as well as Megunticook prinicipal Michelle Fortier, and James Kittler, founder … Continue reading “Game Empire Pulls In $4M”
With New $875M Fund, JMI Equity Maintains Focused Strategy on Software Deals
“We don’t spend a lot of time on our story,” JMI Equity’s Paul Barber told me last week in the investment firm’s La Jolla office. It’s another way of saying the firm maintains a low profile, and during my 20 years in San Diego, I can’t remember JMI ever stepping voluntarily into the media spotlight. … Continue reading “With New $875M Fund, JMI Equity Maintains Focused Strategy on Software Deals”
The Story of Detroit Added Some Significant Chapters in 2010; Here Are 10 of Them
When Xconomy Detroit launched in April 2010, I wrote that this city is a verb, in a constant state of action, of “becoming,” of striving for something greater. Having lived in Michigan for much of my life, I can say that this was true even in good times, and certainly even more so in bad. … Continue reading “The Story of Detroit Added Some Significant Chapters in 2010; Here Are 10 of Them”
Navy’s Goal Could Improve Economics of Biofuel Development, Arena Plans More Studies of Weight-Loss Drug, Lpath Signs Deal With Pfizer for Eye Drug, & More San Diego Life Sciences News
San Diego’s life sciences news began to slow down over the past week, but there was still plenty of items to round up. Happy holidays from Xconomy. —San Diego’s emerging algal biofuels industry got encouragement from the U.S. Navy, which said it will need 336 million gallons of advanced biofuels a year, beginning in 2020, … Continue reading “Navy’s Goal Could Improve Economics of Biofuel Development, Arena Plans More Studies of Weight-Loss Drug, Lpath Signs Deal With Pfizer for Eye Drug, & More San Diego Life Sciences News”
Editor’s Picks: The Best of 2010 From Xconomy Seattle
This is the time of year for counting blessings, so I have to say we consider ourselves fortunate as journalists to have what is sometimes called the front row seat to history. That’s how I feel when I look back at the year’s mix of features, breaking news stories, scoops, and up-close profiles. We feel … Continue reading “Editor’s Picks: The Best of 2010 From Xconomy Seattle”
Boston’s Mini Food Cluster: Area Startups Using Tech to Help Users Cook, Eat, Order, and Diet Better
Everyone eats more around the holidays, and we at Xconomy are no exception (thanks to the cookies, brownies, and sinful gooey butter cake we’ve had shipped to us). All this chomping got us thinking about the dribs and drabs we’ve heard about area startup companies that are applying innovative technology to the food space on … Continue reading “Boston’s Mini Food Cluster: Area Startups Using Tech to Help Users Cook, Eat, Order, and Diet Better”
uKnow Secures $452,501 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fab801ac-702b-4d43-82da-0c2723b9f815&Preview=1 Date 12/23/2010 Company Name uKnow Mailing Address 14 Garrison Dr. Guilford, CT 06437 Company Description The company is developing online advertising technologies. Website http://www.litmuscorp.com Transaction Type Venture Equity Transaction Amount $452,501 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed
Dell Acquires InSite One for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e41fce88-49c9-4bae-9af1-a1c94a9a0edd&Preview=1 Date 12/23/2010 Company Name InSite One Mailing Address 135 N. Plains Industrial Road Wallingford, CT 06492 Company Description Provides digital image storage and archiving solutions services. Website http://www.insiteone.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.
Endocyte Garners $8,100,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4148d38-00ab-4b93-95d9-1208b49cb728&Preview=1 Date 12/23/2010 Company Name Endocyte Mailing Address 3000 Kent Avenue West Lafayette, IN 47906 Company Description Endocyte, Inc, located in West Lafayette, Indiana, is developing a new generation of receptor-targeted therapeutics or smart drugs for the treatment of cancer and autoimmune diseases. Website http://www.endocyte.com Transaction Type Debt Transaction Amount $8,100,000 Transaction … Continue reading “Endocyte Garners $8,100,000 New Funding”
Novariant Garners $4,457,456 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=40021820-c6b4-42c3-a55e-202e6dac3b7c&Preview=1 Date 12/23/2010 Company Name Novariant Mailing Address 45700 Northport Loop East Fremont, CA 94538 Company Description Novariant is the premier industrial solutions provider for precision positioning, intelligent control systems and positioning infrastructures. Website http://www.novariant.com Transaction Type Venture Equity Transaction Amount $4,457,456 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Novariant Garners $4,457,456 New Round”
Limerick BioPharma Lands $3,585,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7191ea9d-e2b2-4fc9-8520-4f0141eef52b&Preview=1 Date 12/23/2010 Company Name Limerick BioPharma Mailing Address 601 Gateway Blvd. South San Francisco, CA 94080 Company Description Limerick BioPharma is dedicated to developing compounds that, when used adjunctively with both marketed and investigational drugs, significantly improve the quality of patients’ lives. Our compounds minimize toxic side effects at non-targeted vulnerable … Continue reading “Limerick BioPharma Lands $3,585,000 New Funding Round”
Lookout Mobile Security Lands $19,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=682693ba-0425-468d-89ec-66b0a23b6b45&Preview=1 Date 12/23/2010 Company Name Lookout Mobile Security Mailing Address 500 Third Street San Francisco, CA 94107 Company Description Lookout is a mobile security company dedicated to making the mobile experience safe for everyone. Website http://www.mylookout.com Transaction Type Venture Equity Transaction Amount $19,500,000 Transaction Round Undisclosed Proceeds Purposes This investment will help … Continue reading “Lookout Mobile Security Lands $19,500,000 New Round”
PixelFish Garners $1,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2220566b-9d27-4e19-9869-45549468b3d7&Preview=1 Date 12/23/2010 Company Name PixelFish Mailing Address 438 Amapola Avenue Torrance, CA 90501 Company Description We make producing high-impact, broadcast-quality video easy and affordable. Website http://www.PixelFish.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed
Tremor Media Lands $65,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ee9938de-1c8b-4de1-b803-b9af72fa1c19&Preview=1 Date 12/23/2010 Company Name Tremor Media Mailing Address 122 West 26th Street 8th Floor New York, NY 10001 Company Description Tremor Network provides advertisers with in-banner and in-stream video advertising opportunities on hundreds of top-tier publisher sites with millions of unique visitors per month. Website http://www.tremormedia.com Transaction Type Venture Equity Transaction … Continue reading “Tremor Media Lands $65,000,000 New Financing Round”
TruEffect Lands $1,700,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=40ff2e7c-8d5c-4e80-8b75-b3ae636ff038&Preview=1 Date 12/23/2010 Company Name TruEffect Mailing Address 7403 Church Ranch Blvd Westminster, CO 80021 Company Description TruConnect’s Relationship Advertising transforms the way you engage with your customers. With TruConnect, you can stop wasting over 99% of your display media broadcasting blindly, and see exactly where your customers and prospects intersect your … Continue reading “TruEffect Lands $1,700,000 New Round”
Path Adds Video
In a blog post this evening, San Francisco-based Path announced that it has added video capabilities to its photo sharing app for the Apple iPhone. “Wonderful personal moments can be captured and shared with a photo. But, they would be infinitely better with video,” the company writes in the post. The addition of the video … Continue reading “Path Adds Video”
Testing Experimental Drugs in Combination – A New Trend
Sanofi-Aventis and Merck KGaA announced recently they are teaming up to test new cancer drugs in combination, joining a growing trend among drug makers to combine different cancer therapies in early-stage clinical studies. Combinations of different drugs are used frequently in the treatment of cancer, but such regimens are normally developed only after medicines reach … Continue reading “Testing Experimental Drugs in Combination – A New Trend”
Streetline Unveils iPhone Parking App, Seeks to Take Guesswork out of Finding a Spot
It’s a universal urban experience: You’re zigzagging around the crowded city streets in your car, looking for an empty parking spot. The person in the passenger seat tells you to go right. You think you’ll have better luck if you go left. An argument ensues—as pointless as it is bitter, since neither of you has … Continue reading “Streetline Unveils iPhone Parking App, Seeks to Take Guesswork out of Finding a Spot”
Where Wins Patent for Geofencing: Location-Based Companies, Take Notice
This is pretty big news for a local mobile startup. Boston-based Where, a mobile applications and advertising firm, announced today it has been granted a patent covering a wide swath of location-based services—in particular those related to delivering certain kinds of advertising, alerts, and coupons to mobile devices. Where now has strong intellectual property protection … Continue reading “Where Wins Patent for Geofencing: Location-Based Companies, Take Notice”
DevonWay Raises $7M
San Francisco-based DevonWay, a maker of Web-based support software for nuclear power plants operators and other types of energy companies, said yesterday that it has closed a Series C funding round led by Crosslink Capital. The company did not disclose the amount of the funding in its announcement, but a December 15 regulatory filing shows … Continue reading “DevonWay Raises $7M”
Exits for Two More Y Combinator Startups, Movity and Etacts
It’s been a busy month for young startups backed by the Mountain View, CA-based venture incubator Y Combinator. Salesforce.com revealed a couple of weeks ago that it had acquired Heroku, which runs a hosting platform for Ruby on Rails websites, for an eye-popping $212 million. Then Rackspace bought Cloudkick, a San Francisco cloud management startup … Continue reading “Exits for Two More Y Combinator Startups, Movity and Etacts”
Voltaire Licenses Software to IBM for $17M
Voltaire, a maker of server and data center technologies based in Chelmsford, MA, and Ra’anana, Israel, said today it has agreed to license certain software products to IBM (NYSE: [[ticker:IBM]]) in exchange for about $17 million in fees through 2012. Voltaire (NASDAQ: [[ticker:VOLT]]) develops switches, server adapters, and network management software for industries including financial … Continue reading “Voltaire Licenses Software to IBM for $17M”
Biogen Aims to Reduce PML Risk
Weston, MA-based biotech Biogen Idec (NASDAQ:[[ticker:BIIB]]) and Elan, its Dublin-based partner, have asked U.S. and European health regulators to approve a new prescribing label for the companies’ multiple sclerosis drug natalizumab (Tysabri) in an effort to reduce the risk of a potentially lethal brain infection called progressive multifocal leukoencephalopathy (PLM) in patients who take the … Continue reading “Biogen Aims to Reduce PML Risk”
Come Shoot the Breeze, Have a Cup of Tea, With Me and Thong Le of WRF Capital
The news is starting to wind down as we head into the holiday season, so that can only mean one thing—it’s time to shoot the breeze at a special holiday edition of “Xconomy Meetup.” Here’s the idea. In between our fancy-pants productions where we sell tickets, like “Biotech’s Back in Seattle” and “Computing in the … Continue reading “Come Shoot the Breeze, Have a Cup of Tea, With Me and Thong Le of WRF Capital”
Startup Lessons from Pixability, FashionPlaytes, and More: Check Out 5×5 Videos from Turnstone
As we come down the home stretch of 2010, I wanted to take another look back at our most recent Boston event—“5×5: Five Cities, Five Big Tech Ideas.” Not at the program or the public discussion, which I already summarized briefly here, but at some of the side discussions that were caught on camera. One … Continue reading “Startup Lessons from Pixability, FashionPlaytes, and More: Check Out 5×5 Videos from Turnstone”
At a Private Xconomy Dinner, Luminaries Debate the Future of Innovation in San Diego
The importance of diversifying the local economy became obvious in San Diego during the 1980s, as the ebb in defense spending exposed the area’s collective dependence on Atlas rockets and cruise missiles, along with the payroll for the Navy’s Pacific Fleet. But the path forward also was obvious—especially after Ely Lilly acquired San Diego’s Hybritech … Continue reading “At a Private Xconomy Dinner, Luminaries Debate the Future of Innovation in San Diego”
Area Entrepreneurs Launch Detroit Venture Partners To Turn Motown Into A Tech and Innovation Hub
We’ve written about a number of investors and nonprofits looking to attract and keep companies in Michigan as a way to help the state’s economy kick back into gear. But Detroit Venture Partners is looking to go a bit further. The brand new venture firm wants its portfolio companies to move their operations right into … Continue reading “Area Entrepreneurs Launch Detroit Venture Partners To Turn Motown Into A Tech and Innovation Hub”
EveryScape and Bing Expand Partnership, Raytheon Acquires Applied Signal, Avila Inks Sanofi Deal, & More Boston-Area Deals News
A flurry of pre-holiday announcements of fundings, partnerships, and acquisitions from Boston-area tech and life sciences companies has kept us busy in the past week. —Cambridge, MA-based car-sharing service Zipcar added a $21 million Series G financing to its funding pot. The deal involved a $20 million investment from Meritech Capital Partners, and $1 million … Continue reading “EveryScape and Bing Expand Partnership, Raytheon Acquires Applied Signal, Avila Inks Sanofi Deal, & More Boston-Area Deals News”
Teradata Acquires Aprimo for $525,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=751acbb6-712a-4eb0-bc3a-914931f3cff7&Preview=1 Date 12/22/2010 Company Name Aprimo Mailing Address 900 East 96th Street Indianapolis, IN 46240 Company Description Aprimo is the global leader in delivering software that translates the value of the brand into value for the enterprise. Aprimo provides an Enterprise Marketing Management (EMM) product to leading marketing organizations around the world. … Continue reading “Teradata Acquires Aprimo for $525,000,000”
Motorola Acquires Zecter for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=23ffd06e-720b-4857-9b04-5de0cafd65c3&Preview=1 Date 12/22/2010 Company Name Zecter Mailing Address 1633 Bayshore Hwy Burlingame, CA 94010 Company Description Zecter makes ZumoDrive, which is a simple service that lets people sync, share and store files in the cloud. Content stored in ZumoDrive are accessible from anywhere and anytime. Website http://www.zumodrive.com Transaction Type M&A Transaction Amount … Continue reading “Motorola Acquires Zecter for Undisclosed Sum”
FolioDynamix Garners $16,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=07d165f5-64f2-4ed8-8188-1ffca88eda70&Preview=1 Date 12/22/2010 Company Name FolioDynamix Mailing Address 52 Vanderbilt Ave. 18th Floor New York, NY 10017 Company Description FolioDynamix is an established leader in the fast growing managed account industry providing innovative and industry leading solutions to support Unified Managed Accounts (UMA), Unified Managed Households (UMH), Separately Managed Accounts (SMA), Mutual … Continue reading “FolioDynamix Garners $16,000,000 New Funding”
Wireless Seismic Receives $19,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=456e1ec3-7ef8-42fc-9825-b71367e9fb06&Preview=1 Date 12/22/2010 Company Name Wireless Seismic Mailing Address 13100 Southwest Freeway Sugar Land, TX 77478 Company Description Wireless Seismic was formed in 2006 to develop and introduce the RT 1000, a revolutionary seismic data acquisition system to the exploration and production industry, which capitalizes on emerging technologies in the seismic, wireless … Continue reading “Wireless Seismic Receives $19,500,000 New Round”
Xconomy Meetup: Thong Le of WRF Capital
Please join Xconomy’s national biotech editor, Luke Timmerman, for the next installment of “Xconomy Meetup.” This will be a free and open conversation, in which readers can come have an informal chat with Xconomy editors about what’s new and interesting in the local innovation scene. The next Xconomy Meetup will be at 4 pm on … Continue reading “Xconomy Meetup: Thong Le of WRF Capital”
Reva Raises $85M in Australian IPO
San Diego’s Reva Medical says its stock is expected to begin trading tomorrow on the Australian Securities Exchange under the ticker symbol RVA after the medical device company raised almost $85 million in its initial public offering. Reva says it issued more than 7.7 million new shares of common stock, which represents nearly 77.3 million … Continue reading “Reva Raises $85M in Australian IPO”
Progress Software CEO Richard Reidy Talks “Major Transition” and “Whole New Strategy”
Who’s the $500 million tech company that nobody has heard of? That would be Bedford, MA-based Progress Software, one of the largest software makers in the state. Progress (NASDAQ: [[ticker:PRGS]]) has been on quite a run lately, with its stock rising steadily since September—from a low of $26.71 on Aug. 31 to around $41 for … Continue reading “Progress Software CEO Richard Reidy Talks “Major Transition” and “Whole New Strategy””
California Biotech CEO Conference
The California Biotech CEO Conference will be held March 30, bringing together past, present and future leaders in the California life sciences community to network, exchange ideas and share insights into the industry’s challenges and opportunities. The number of participants will be limited to allow for one-on-one interactions with the most influential leaders in the … Continue reading “California Biotech CEO Conference”
Krush Lands $2M Series A, Looks to Make Splash in 2011
It was no secret that stealthy Web startup Krush had raised some money—but now we know how much. The Cambridge, MA-based company, led by co-founder and CEO Gina Ashe, has closed $2 million in Series A equity financing, according to a regulatory filing. News of Krush’s financing round (but not the amount) was first reported … Continue reading “Krush Lands $2M Series A, Looks to Make Splash in 2011”
BayBio Annual Conference 2011: Powering Global Innovation
BayBio, the trade group for Northern California’s life sciences industry, is hosting its annual conference on April 20-21. This event will draw more than 1,000 life sciences professionals from around the world for company presentations, partnering forums, and networking opportunities. For more information on how to register, click here.
Get Your Expenses in Now! Concur Declares Today the Biggest Moment for Expense Filing
We all know about Black Friday, and Cyber Monday and the implications they have for business worldwide. But apparently now we have File-Your-Gosh-Darn-Expenses-Already Tuesday. That’s what we learned today from Redmond, WA-based Concur Technologies (NASDAQ: [[ticker:CNQR]]). The company, which makes software that helps companies manage business expenses, said December 21 is the busiest day of … Continue reading “Get Your Expenses in Now! Concur Declares Today the Biggest Moment for Expense Filing”
Biogen Idec Buys Drug Rights from Neurimmune for $32.5M
Biogen Idec is making another step towards building itself into a neurological diseases drug specialist. The Weston, MA-based biotech company (NASDAQ:[[ticker:BIIB]]) said today it has acquired a subsidiary of the Swiss biotech firm Neurimmune Holding to gain worldwide rights to antibody drugs against three specific proteins, which might cause neurodegenerative diseases such as Alzheimer’s, ALS, … Continue reading “Biogen Idec Buys Drug Rights from Neurimmune for $32.5M”
Harvard Business School Launches Fund to Invest In Lean Startup Model
Harvard Business School announced today that it is launching a $50,000 fund to help student startups roll out prototypes in the winter months. The Minimum Viable Product Fund, which was proposed by three first-year MBA students and is funded by the school’s Arthur Rock Center for Entrepreneurship, will award 10 teams with about $5,000 apiece … Continue reading “Harvard Business School Launches Fund to Invest In Lean Startup Model”
Bleacher Report Scores $10.5M
San Francisco-based Bleacher Report, which publishes and syndicates fan-generated sports news online, said yesterday that it has completed a $10.5 million Series C financing round. Crosslink Capital led the round. Bleacher Report previously raised $7.3 million, in a June 2009 round led by Hillsven Capital. The site claims to be the Web’s fifth largest sports … Continue reading “Bleacher Report Scores $10.5M”
Meebo Collects $27.5M
Mountain View, CA-based Meebo, which builds browser plugins and other software for instant messaging and social sharing on the Web, said yesterday that it had closed a $27.5 million Series C financing round, bringing its total venture funding to $70 million. Khosla Ventures led the new round, which was joined by existing investors Sequoia Capital, … Continue reading “Meebo Collects $27.5M”
AOL Acquires About.me
AOL (NYSE: [[ticker:AOL]]) said yesterday that it will acquire About.me, a Mountain View, CA, startup that helps consumers build personal Web pages aggregating their blogs and social media feeds. The news came just four days after About.me’s public launch. Terms of the deal were not disclosed. Founded one year ago, the startup had raised $425,000 … Continue reading “AOL Acquires About.me”
How SunRun Applies Financial and Software Muscle to Home Solar Installation
Sometimes we tech reporters get so wrapped up in writing about cool new technologies that we overlook other, equally important forms of innovation. Recently I visited SunRun, a San Francisco startup that installs photovoltaic panels on residential buildings and charges homeowners for the electricity they generate. I was expecting to hear a lot about the … Continue reading “How SunRun Applies Financial and Software Muscle to Home Solar Installation”
XDx, After a Long Slog in Molecular Diagnostics, Predicts First Profit in 2011
The numbers tell a sobering story at Brisbane, CA-based XDx. Ten years in business. Five years with a diagnostic product on the market. About $140 million of capital invested. And after all that, projections are that the company might start running in the black for the first time next year, its 11th year in business, … Continue reading “XDx, After a Long Slog in Molecular Diagnostics, Predicts First Profit in 2011”
MeLLmo Raises $10M as Roambi Expands Compatibility
MeLLmo, the Del Mar, CA-based startup that specializes in visualization software for displaying business intelligence on mobile devices, says it has closed its third and biggest round of funding—$10 million from private investors. The company has now raised total funding of $20 million since MeLLmo was founded in January 2008. As MeLLmo founder Santiago Becerra … Continue reading “MeLLmo Raises $10M as Roambi Expands Compatibility”