‘Tis the season for new chief executives in the Boston area. In the past month or so, we’ve seen no fewer than 10 newly announced CEOs at technology, life sciences, and cleantech companies. So we thought we’d round them up and look for any interesting patterns. It’s a pretty good mix of public (4) and … Continue reading “Changing of the Guard: 10 New CEOs in New England Tech, Life Sciences, and Energy”
Arch, Hutch Stand to Gain From “Hibernation on Demand” Through Ikaria IPO
It’s keep-your-fingers-crossed time for the people at Arch Venture Partners and the Fred Hutchinson Cancer Research Center in Seattle. Both organizations have millions of dollars at stake in the upcoming initial public offering of Ikaria. Ikaria, a Clinton, NJ-based company developing futuristic “hibernation-on-demand” technology with roots at the Hutch, is hoping to cash in on … Continue reading “Arch, Hutch Stand to Gain From “Hibernation on Demand” Through Ikaria IPO”
Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 2: Ingredients of a Startup
With the ShopWell concept for helping consumers make more sense of the nutrition labels on food, Ideo thought it had a winner. But while the design consultancy has many of the attributes of a startup incubator—a large flock of creative thinkers and a commitment to testing new ideas, to name just a couple—it’s not equipped … Continue reading “Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 2: Ingredients of a Startup”
Via Science Forms to Launch “Big Data” Analytics Startups
Entrepreneur Colin Hill has formalized his plans to create new data analytics startups with the launch of Via Science. The Cambridge, MA-based firm will serve as part holding company of Hill’s previous two companies, GNS Healthcare and Fina Technologies, and part incubator for hatching new startups, Hill says. Via Science is the corporate vehicle that … Continue reading “Via Science Forms to Launch “Big Data” Analytics Startups”
Nuclea Biotechnologies Obtains $5,479,450 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cbbc19e2-4540-43bf-a735-333c0d4614bb&Preview=1 Date 11/2/2010 Company Name Nuclea Biotechnologies Mailing Address 105 South Street Pittsfield, MA 01201 Company Description Nuclea Biotechnologies’ primary mission is to conduct genomic research in the oncology field so as to discover biomarkers and gene or protein expression profiles that are unique to oncologic diseases. Website http://www.nucleabiomarkers.com Transaction Type Venture … Continue reading “Nuclea Biotechnologies Obtains $5,479,450 New Round”
Adapteva Garners $975,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6bf87af0-4312-4ba2-80dc-3b254eae1f56&Preview=1 Date 11/2/2010 Company Name Adapteva Mailing Address 1666 Massachusetts Ave. Lexington, MA 02420 Company Description Adapteva Inc. is a privately held fabless semiconductor company based in Lexington, Massachusetts that has developed the the world’s most energy efficient multicore microprocessors. Website http://www.adapteva.com Transaction Type Venture Equity Transaction Amount $975,000 Transaction Round Undisclosed … Continue reading “Adapteva Garners $975,000 New Funding Round”
Cell Biosciences Lands $20,001,335 Series F Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3c6e369b-923c-4f95-abf1-16d265f792ca&Preview=1 Date 11/2/2010 Company Name Cell Biosciences Mailing Address 3040 Oakmead Village Dr. Santa Clara, CA 95051 Company Description Cell Biosciences is a private life sciences company focused on defining the future of protein analysis. Our company develops instrumentation systems, software and assay products that drive discoveries in fields ranging from fundamental … Continue reading “Cell Biosciences Lands $20,001,335 Series F Financing”
Moblyng Obtains $250,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f5d0ee46-f92d-4b35-82d4-53f0f8c8d245&Preview=1 Date 11/2/2010 Company Name Moblyng Mailing Address PO Box 610088 Redwood City, CA 94061 Company Description Moblyng Games is an innovative social gaming company that builds entertainment experiences spanning multiple platforms. Moblyng Games’ proprietary software allows it to create and launch full-featured interactive entertainment titles on various platforms almost simultaneously. Website … Continue reading “Moblyng Obtains $250,000 New Funding Round”
Intersect ENT Receives $30,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=82249051-73d6-493b-b231-d55d45ec7398&Preview=1 Date 11/2/2010 Company Name Intersect ENT Mailing Address 1049 Elwell Court Palo Alto, CA 94303 Company Description Intersect ENT Inc. (formerly Sinexus) is a medical device company pioneering novel therapies for Ear, Nose & Throat surgeons to utilize in providing improved treatment for their patients. Website http://www.intersectent.com Transaction Type Venture Equity … Continue reading “Intersect ENT Receives $30,000,000 Series C Financing”
PathCentral Receives $10,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1144f34f-f33a-4f97-af3a-c6abd98a62e1&Preview=1 Date 11/2/2010 Company Name PathCentral Mailing Address 213 Technology Dr. Irvine, CA 92629 Company Description PathCentral is the first and only company to provide all the tools required by community pathology practices to increase revenues, improve operating efficiencies, and ensure patient safety, in a single integrated and affordable platform. Website http://www.pathcentral.net … Continue reading “PathCentral Receives $10,000,000 Series B Round”
Salesforce.com Strikes $278M Land Deal to Move HQ to San Francisco’s Mission Bay
Salesforce.com CEO Marc Benioff made headlines earlier this year with a $100 million donation to help build the UCSF Children’s Hospital at Mission Bay. Now, he’s investing even more in the neighborhood, through a real estate deal that will bring a lot of techies into this spot that’s already got quite a few biotechies. Salesforce … Continue reading “Salesforce.com Strikes $278M Land Deal to Move HQ to San Francisco’s Mission Bay”
Ironwood Passes 4th Big Trial
Ironwood Pharmaceuticals (NASDAQ: [[ticker:IRWD]]), the Cambridge, MA-based biotech company, said today that it passed its fourth major clinical trial of its lead drug candidate. The company, along with its partner Forest Laboratories, said that their experimental drug linaclotide showed a statistically significant benefit on all four primary study goals, when compared against a placebo for … Continue reading “Ironwood Passes 4th Big Trial”
Sixth Conference on Clean Energy
Information, agenda, and registration here. Organized by the Massachusetts Technology Transfer Center and Massachusetts Hydrogen Coalition. Two action-packed days designed to provide you with the latest investment opportunities, business insights, career options, and fund-raising strategies, from seed to Stimulus. Investor Pitches: More than two dozen early stage companies and licensing opportunities will be showcased in … Continue reading “Sixth Conference on Clean Energy”
CAR Breakfast Briefing Series: Creating Markets for Connected Vehicle Data
This event will explore the market surrounding the connected vehicle—a concept where vehicles can communicate with each other wirelessly. This session specifically focuses on how to handle the data that would be produced if the technology hit the ground. Event presenters will include personnel from Delphi, the Center for Automotive Research, and more. Register online.
IEEE International Conference on Technologies for Homeland Security
This three-day technical conference is out to spotlight which segments of science and technology are contributing to the homeland security field. Sessions will focus on topics such as cyber security, disaster recovery and response, land and maritime border security, and business development and user experience of homeland security-focused technologies. Register online.
HBS Entrepreneurship Club Conference: Ignite 2010
Experienced entrepreneurs will discuss getting ventures off the ground and building them into successful businesses, at this all-day, Harvard Business School-hosted event. Panels will target non-technical founders, and issues in product development. Register here.
Punchbowl Mixer
This event will bring together entrepreneurs, investors, and social media marketers together to dish on what makes Boston a hotspot for Web companies. Come for the networking, and be sure to RSVP for this one.
MIT $100K Elevator Pitch Contest Winning Teams Are Out To Innovate In Aircraft Freight, Bees, And Sustainable Supply Chains
The Elevator Pitch Contest is a leg of MIT’s $100K Entrepreneurship Competition where aspiring student entrepreneurs have just 60 seconds to wow the judges (and the audience) with why their idea is the Next Big Thing. That means getting their pitches down to as few words as possible. And this year, at the fourth annual … Continue reading “MIT $100K Elevator Pitch Contest Winning Teams Are Out To Innovate In Aircraft Freight, Bees, And Sustainable Supply Chains”
The Future of Aging in Place: WSU Innovators Series
Maureen Schmitter-Edgecombe, a professor of psychology at Washington State University, will be the featured speaker on December 8 at the The Innovators series of events organized by WSU. Schmitter-Edgecombe’s talk will focus on how to help people with age-related and other cognitive impairments to live longer and healthier lives at home. For more information on … Continue reading “The Future of Aging in Place: WSU Innovators Series”
Hutch Holiday Gala
The Fred Hutchinson Cancer Research Center is holding its annual Hutch Holiday Gala fundraising event on December 4 at the Sheraton Seattle. This year’s celebrity emcee is actor Kevin Nealon. For more information on how to register, click here.
Allon Therapeutics Adds $10M
Allon Therapeutics, the Vancouver, BC-based developer of drugs for neurological disorders, said today it has raised $10 million from a limited partnership of the Nordic Biotech Venture Fund. The cash will be used to further develop davunetide, which is being prepared for a pivotal clinical trial in patients with progressive supranuclear palsy (PSP). CEO Gordon … Continue reading “Allon Therapeutics Adds $10M”
Montgomery Joins Alder Board
Alder Biopharmaceuticals, the Bothell, WA-based developer of antibody drugs, said today it has added veteran drug developer Bruce Montgomery to its board of directors. Montgomery, 57, most recently served as senior vice president of respiratory drugs at Gilead Sciences (NASDAQ: [[ticker:GILD]]) in Seattle. Montgomery stepped down from Gilead in August to look for new opportunities, … Continue reading “Montgomery Joins Alder Board”
Vascular Pathways Raises $14M
Vascular Pathways of Los Altos, CA, says it has raised $14 million in a Series B round led by CHL Medical Partners. Ascension Health Ventures, MVM Life Science Partners, and Arcus Ventures also participated in the round. Vascular Pathways will use the money to commercialize its Rapid Intravascular Start (RIVS) IV catheter, which has been … Continue reading “Vascular Pathways Raises $14M”
Avvo Adds Doctor Ratings
Avvo, the Seattle-based company that runs an online ratings service that profiles lawyers, said today it is expanding to provide online ratings of physicians. Avvo says its service will offer consumers detailed information on a doctor’s “background, experience, and disciplinary record.” The company says it has compiled profiles on 800,000 physicians around the country. Avvo … Continue reading “Avvo Adds Doctor Ratings”
Provident Healthcare Ventures Launches
Provident Healthcare Ventures is publicly launching this week to make early-stage venture and middle-market private equity investments in the healthcare sector, said Bill Shepard, a managing director of the Boston group. The group was formed with $25 million in funding commitments from the Boston investment-banking firm Provident Healthcare Partners and others, including Shepard and Bob … Continue reading “Provident Healthcare Ventures Launches”
ShopWell, Ideo’s First Big Spinoff, Says Better Health Starts at the Supermarket
Researchers at the Centers for Disease Control shocked the nation two weeks ago with a study projecting that by the year 2050, as many as one fifth to one third of U.S. adults could have diabetes, up from just 10 percent today. Part of this increase is inevitable—a side effect of the swelling population of … Continue reading “ShopWell, Ideo’s First Big Spinoff, Says Better Health Starts at the Supermarket”
Angel Groups: Nuts and Bolts
Looking to get into the startup investing world? This event seeks to tell you what steps to take before getting off the ground as a VC, angel investor, or entrepreneur. Leaders from area angel investing groups like CommonAngels and Golden Seeds will share some of their insights. This event is free, but register here.
Memjet Launches at Chicago Expo, Teradata Encourages Use of Unstructured Data, Cleantech Initiative Issues Second Round of Grants, & More San Diego BizTech News
Here we are, trapped between Halloween and Election Day. Good thing we have some interesting biztech news, or there would be nothing fun to do. —Memjet, the San Diego-based startup developing super-fast color inkjet printing technologies, says it is launching its on-demand printing technology for the label and packaging markets at the Pack Expo International … Continue reading “Memjet Launches at Chicago Expo, Teradata Encourages Use of Unstructured Data, Cleantech Initiative Issues Second Round of Grants, & More San Diego BizTech News”
Cell Therapeutics Seeks EU Approval
Cell Therapeutics (NASDAQ: [[ticker:CTIC]]), the Seattle-based developer of cancer drugs, said today it has filed an application for approval to start selling a new lymphoma drug in the European Union. The company is asking the European Medicines Agency to allow sales of pixantrone (Pixuvri) to adult patients with relapsed forms of non-Hodgkin’s lymphoma. The company’s … Continue reading “Cell Therapeutics Seeks EU Approval”
2010 Mass Technology Leadership Awards
Come see who the Mass Technology Leadership Council recognizes as the top names in innovation in the state this year. The award finalists come from area companies such as EnerNOC, Veracode, SpaceClaim, Tatara Systems, Gazelle, and many more. Register online for this one.
Third Annual Boston Cleantech Venture Day
This full-day event seeks to connect those working in cleantech in Europe with those powering the industry here. The companies from abroad will pitch their ideas to investors and potential business partners in the Boston area. Register here.
$8.5M Series C for Acquia
Woburn, MA-based IT startup Acquia said today that it has brought in $8.5 million in a Series C financing, from returning backers North Bridge Venture Partners and Sigma Partners, alongside Acquia CEO Tom Erickson. The company, which raised $8 million in series B funding in July 2009, sells IT services and technical support to users of … Continue reading “$8.5M Series C for Acquia”
Amag Pharma Cutting 68 Jobs
Lexington, MA-based Amag Pharmaceuticals (NASDAQ:[[ticker:AMAG]]) said last week that it planned to cut 68 jobs or 24 percent of its work force to reduce its expenses. The cuts were announced along with the firm’s third-quarter financing results, which included a lackluster $15.1 million in revenue from sales of ferumoxytol (Feraheme), a drug for treating iron … Continue reading “Amag Pharma Cutting 68 Jobs”
Defeat 1098 For All of Washington
[Editor’s Note: This editorial was co-authored with Patrick Ennis] In the 1990 budget compromise, Senate Majority Leader George Mitchell of Maine, pushed a 10 percent luxury tax through Congress, including that for yachts that cost more than $100,000. Enough Democrats and Republicans agreed that the Robin Hood tax, as it was called, would protect jobs … Continue reading “Defeat 1098 For All of Washington”
Wealthy Will Laugh All the Way to the Bank If I-1098 Tax Measure Fails, Says Investor and Activist Nick Hanauer
By his own estimate, Nick Hanauer makes 500 times as much money as me. So why is he angry? Easy. Because it’s looking like Initiative 1098, Washington state’s proposed income tax on people making more than $200,000 a year ($400,000 for couples), probably won’t pass at the polls tomorrow. Hanauer and Bill Gates, Sr. are … Continue reading “Wealthy Will Laugh All the Way to the Bank If I-1098 Tax Measure Fails, Says Investor and Activist Nick Hanauer”
Khosla, Gates Are Betting On EcoMotors’ Engine Technology to Transform Autos Into Cleaner, Cheaper, and More Powerful Machines
Don Runkle has a bit of news for everyone. It’s engines, not batteries, that will make automobiles cleaner and more efficient. “We unabashedly say that we have the best solution,” says Runkle, the CEO of Allen Park, MI-based engine developer EcoMotors International. The startup, which brought in $23 million in Series B financing this summer … Continue reading “Khosla, Gates Are Betting On EcoMotors’ Engine Technology to Transform Autos Into Cleaner, Cheaper, and More Powerful Machines”
How I’ve Discovered Twitter Can Be a Resource, Not a Waste of Time
“If you’re so busy, why do you spend so much time on Twitter?” So asks a member of my household who shall go unnamed here. Well, here’s why. Twitter has become my primary source for news, my point of contact with the important people in my life, and my connection to a rich and growing … Continue reading “How I’ve Discovered Twitter Can Be a Resource, Not a Waste of Time”
Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley
None of this would have happened 10 years ago. Where to begin? Last month, I walked into a room of about a dozen robotics experts and technology startup investors. It was one of the sessions at the MassTLC Innovation “unConference” in Boston. The discussion centered around how to build a successful robotics company. But it … Continue reading “Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley”
Travel Sites Go After Google, Trimble Buys ThingMagic, Digg Downsizes, & Other Bay Area BizTech News
Last week wasn’t awash in early-stage startup news—familiar Bay Area software, Web, and energy companies dominated the technology headlines. —A coalition of online travel companies including Expedia, Farelogix, Hotwire, and Sabre Holdings launched a lobbying effort to persuade the U.S. Department of Justice to block Google’s proposed acquisition of Cambridge, MA-based ITA Software. The group, … Continue reading “Travel Sites Go After Google, Trimble Buys ThingMagic, Digg Downsizes, & Other Bay Area BizTech News”
The Future of Health IT—Video Clips From Athenahealth’s Jonathan Bush & Others at Xconomy Debate
A few weeks ago, we hosted an Xconomy Xchange evening featuring Jonathan Bush, CEO of Watertown, MA-based Athenahealth (NASDAQ: [[ticker:ATHN]]), and Girish Navani, his counterpart at Westborough, MA-based eClinicalWorks. With Pam McNamara, president of Cambridge Consultants, wielding a gavel to moderate, the two competitors discussed and debated the future of health IT. You can read … Continue reading “The Future of Health IT—Video Clips From Athenahealth’s Jonathan Bush & Others at Xconomy Debate”
Acquia Receives Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=10d8a1ce-dba8-4e2d-ae40-4070a10f4dc3&Preview=1 Date 11/1/2010 Company Name Acquia Mailing Address 150 Presidential Way Woburn, MA 01810 Company Description Acquia is a new software company that will provide value-added software products and services for the Drupal web collaboration and publishing platform. Website http://www.acquia.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series C Proceeds … Continue reading “Acquia Receives Series C Funding Round”
The Rubicon Project Garners $18,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=528e0a15-4582-48c0-b5c4-4daf562b0d4b&Preview=1 Date 11/1/2010 Company Name The Rubicon Project Mailing Address 1925 S. Bundy Drive Los Angeles, CA 90025 Company Description The Rubicon Project, the world leader in Yield Optimization technology, launched in 2007 with a mission to automate buying and selling across the $65 billion global online advertising industry. Website http://www.rubiconproject.com Transaction … Continue reading “The Rubicon Project Garners $18,000,000 New Round”
Interactive Media Holdings Secures $5,330,125 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=88029cb5-e03e-4113-ace4-c2c2437dbf2f&Preview=1 Date 11/1/2010 Company Name Interactive Media Holdings Mailing Address 4 Park Plaza Irvine, CA 92614 Company Description The company is developing unspecified digital media technologies. Website Undisclosed Transaction Type Venture Equity Transaction Amount $5,330,125 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor … Continue reading “Interactive Media Holdings Secures $5,330,125 New Funding”
Vascular Pathways Garners $14,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b41c636-c524-4cee-a14f-06b9943092ea&Preview=1 Date 11/1/2010 Company Name Vascular Pathways Mailing Address 1678 Kennewick Drive Sunnyvale, CA 94087 Company Description Vascular Pathways, founded by Amir Belson, M.D., is a privately held medical device company focused on commercializing the Rapid IntraVascular Start (RIVS) catheter, an FDA cleared device enabling rapid, safe and successful peripheral IV insertion. … Continue reading “Vascular Pathways Garners $14,000,000 Series B Funding”
Vindicia Lands $20,000,000 Series E Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7570f356-19c0-4647-955c-098944aab2ea&Preview=1 Date 11/1/2010 Company Name Vindicia Mailing Address 3200 Bridge Parkway Redwood City, CA 94065 Company Description Vindicia was founded in 2003 as a result of the lack of commercially available back office solutions for digital merchants. The majority of Vindicia’s executive team are ecommerce pioneers, having been the executive team at … Continue reading “Vindicia Lands $20,000,000 Series E Funding”
Gene Security Network Receives $12,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b9f5cb1-3456-48b8-a125-cf0b57c0057c&Preview=1 Date 11/1/2010 Company Name Gene Security Network Mailing Address 2686 Middlefield Road Redwood City, CA 94063 Company Description The mission of GSN is to help doctors give couples the best chance of having a healthy child. Our company was formed in 2004 by a team of doctors, geneticists, statisticians, and software … Continue reading “Gene Security Network Receives $12,000,000 New Round”
Microsoft Corp. Acquires Canesta for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=48182188-0bb6-485f-ad81-febb34229ea4&Preview=1 Date 11/1/2010 Company Name Canesta Mailing Address 1156 Sonora Court Sunnyvale, CA 94086 Company Description The company develops electronic perception technology. Website http://www.canesta.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.
Callaway Digital Arts Garners $6,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cc20e53b-fe0c-47f4-9019-df30f1eb5123&Preview=1 Date 11/1/2010 Company Name Callaway Digital Arts Mailing Address 19 Fulton St., Fifth Floor New York, NY 10038 Company Description Our business rests on three fundamental strengths: appealing characters, engaging stories, and great design. Callaway has built a unique content creation studio around these principles; an environment where writers, editors, and … Continue reading “Callaway Digital Arts Garners $6,000,000 Series A Financing Round”
How the VC and Angel Investing Landscape is Being Transformed: Highlights from VC Crossfire
[Correction: 7:40 am 11/1/10] Last night was the big night—we gathered some of the biggest names in Northwest financing for Xconomy’s “VC Crossfire” event, at Amazon’s new headquarters in Seattle’s South Lake Union neighborhood. The panelists consisted of some of the region’s top financiers and technology entrepreneurs—including Bob Nelsen of Arch Venture Partners; Tom Alberg … Continue reading “How the VC and Angel Investing Landscape is Being Transformed: Highlights from VC Crossfire”
$4.2M for Carbonflow
Carbonflow, a San Francisco-based maker of Web-based software for managing and monitoring carbon emissions reduction projects, said this week (PDF) that it has closed a $4.2 million Series B venture financing round. Existing investor OVP Ventures of Seattle led the round, which was joined by @Ventures of Waltham, MA, and Clean Pacific Ventures of San … Continue reading “$4.2M for Carbonflow”