Vela Systems Scores $6M Series B

Burlington, MA-based Vela Systems, a mobile field software startup, said today it has raised a $6 million Series B equity financing led by new investor Autodesk (NASDAQ: [[ticker:ADSK]]). Existing investors Commonwealth Capital Ventures, GrandBanks Capital, and individual investors also participated in the round. Vela Systems says the new money will be used to “expand and … Continue reading “Vela Systems Scores $6M Series B”

Apple Vs. Amazon Battle Continues: Adventures in TV Land

[Corrected, 11:00 am. See below] First it was the iPad vs. the Kindle. Now the battleground is shifting to television. Apple keeps rolling out new devices to control how consumers interact with screens of different sizes. What the world really needs is a smart, stretchable display material so people could adjust their screen to whatever … Continue reading “Apple Vs. Amazon Battle Continues: Adventures in TV Land”

U.S. Innovation and Entrepreneurship Council Quietly Holds First Meeting in DC, Starting with Steve Case-Hosted Dinner

It’s a big day for U.S. innovation strategy. The National Advisory Council on Innovation and Entrepreneurship is holding its first official meeting at the Department of Commerce in Washington, DC, today—and Xconomy has some exclusive details. The council, made up of 26 national leaders in business, technology, and academia, is charged with helping the Obama … Continue reading “U.S. Innovation and Entrepreneurship Council Quietly Holds First Meeting in DC, Starting with Steve Case-Hosted Dinner”

Otonomy Gets $38.5M, Avalon Helps Restart Drug for Age-Related Blindness, Accumetrics Heads Toward Profitability, & More San Diego Life Sciences News

The life sciences news over the past week was almost all about deals. Money came out of INC Research, a contract research organization in North Carolina that was founded in San Diego. Money went into Otonomy, Accumetrics, and some other San Diego startups. We round it all up for you here. —San Diego-based Otonomy, a … Continue reading “Otonomy Gets $38.5M, Avalon Helps Restart Drug for Age-Related Blindness, Accumetrics Heads Toward Profitability, & More San Diego Life Sciences News”

Buzzient Makes Social Media Analytics Software, Attracting Business Customers From Gaming to Financial Services

You’ve been sleeping under a rock if you haven’t realized yet that what’s being said on Twitter, Facebook, user forums, wikis, YouTube videos, and personal blogs has a big impact on what people think about a brand. And there’s no shortage of companies developing technology to monitor this ever-changing buzz to paint a picture of … Continue reading “Buzzient Makes Social Media Analytics Software, Attracting Business Customers From Gaming to Financial Services”

Spinout Doctors: How New Venture Partners Saved Freescale’s Magnetic Memory and Other Stranded Technologies

Magnetoresistive Random Access Memory, or MRAM, promises to change everything about how our computing devices work. It’s as fast as classical static RAM at the core of today’s microprocessors, but it doesn’t wear out, and it also holds data permanently, even when the power is off, like today’s flash memory. It could enable true “instant-on” … Continue reading “Spinout Doctors: How New Venture Partners Saved Freescale’s Magnetic Memory and Other Stranded Technologies”

Active Network Preparing IPO

The San Diego-based Active Network, a Web-based services company that provides everything from online campground reservations to registration for softball leagues and marathons, is now “quite far along in discussions with bankers,” according to a report in VentureWire. CEO Dave Alberga says the venture-backed Active Network generated $244 million in revenue last year, and bookings … Continue reading “Active Network Preparing IPO”

Mascoma Gets New Cellulosic Ethanol Technology Through $51M Deal With SunOpta

Mascoma has grabbed improved technology for breaking down the raw materials it uses for making biofuels. The Lebanon, NH-based firm has acquired the SunOpta BioProcess unit of the Canadian food and mineral company SunOpta (NASDAQ:[[ticker:STKL]]) in a deal worth $51 million, according to a statement yesterday from SunOpta. Mascoma, which plans to eventually use the … Continue reading “Mascoma Gets New Cellulosic Ethanol Technology Through $51M Deal With SunOpta”

Vela Systems Obtains $6,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9e674c82-27fb-4e80-89da-71aea6f176f6&Preview=1 Date 9/2/2010 Company Name Vela Systems Mailing Address 52 Third Avenue Burlington, MA 01803 Company Description Through a unique combination of technical capabilities and deep industry knowledge, Vela Systems empowers the AEC industry with mobile technologies, streamlining field administration processes in construction, capital projects and capital equipment. Vela Systems replaces paper … Continue reading “Vela Systems Obtains $6,000,000 New Funding”

Heartflow Obtains $14,116,022 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7e8db487-40cf-4de3-9be4-64fbf99e9bb2&Preview=1 Date 9/2/2010 Company Name Heartflow Mailing Address 1700 Seaport Blvd. Redwood City, CA 94063 Company Description The company is developing unspecified cardiovascular technologies. Website Undisclosed Transaction Type Venture Equity Transaction Amount $14,116,022 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

Inflection Garners $30,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=38d22e2f-56b7-4924-a03c-73c8e817c6e4&Preview=1 Date 9/2/2010 Company Name Inflection Mailing Address Undisclosed Palo Alto, CA 94301 Company Description The company operates a people-oriented search engine. Website http://www. Inflection.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Matrix Partners Venture Investor Sutter … Continue reading “Inflection Garners $30,000,000 Series A Financing”

NetBooks Obtains $400,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c9d10d0-91aa-4f3f-95c3-7a8a38058c69&Preview=1 Date 9/2/2010 Company Name NetBooks Mailing Address 475 Sansome Street San Francisco, CA 94111 Company Description We’ve taken the best practices from all these thousands of businesses and incorporated them into NetBooks. To help you get the most out of it, we deliver an unheard of level of personalized support. Everyone … Continue reading “NetBooks Obtains $400,000 New Financing”

Cisco Systems Acquires Arch Rock for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ad82970-7eb2-4675-b779-e02c65489777&Preview=1 Date 9/2/2010 Company Name Arch Rock Mailing Address 501 2nd St. San Francisco, CA 94107-4132 Company Description Arch Rock Corporation is a software, systems and services company, developing products that support wireless sensing and control networks. Website http://www.archrock.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial … Continue reading “Cisco Systems Acquires Arch Rock for Undisclosed Sum”

Life Image Obtains $5,200,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e716bba-2deb-4e3b-9208-0170aa1f3d37&Preview=1 Date 9/2/2010 Company Name Life Image Mailing Address One Gateway Center Newton, MA 02458 Company Description Life Image, Inc. is a venture-backed startup company developing Web-based applications and services that help eliminate the problems associated with lack of access to patients’ medical-imaging history.The founders of the company are veterans of this … Continue reading “Life Image Obtains $5,200,000 Series B Financing Round”

BankSimple Secures $2,900,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f230b60-01ce-4231-ac11-1a2fb2099ece&Preview=1 Date 9/2/2010 Company Name BankSimple Mailing Address 18 Bridge Street Brooklyn, NY 11201 Company Description BankSimple was born out of our frustration with banking. We were fed up with our banks: the fees, the constantly changing rules, the crappy customer service. We saw an opportunity to fix these issues by making … Continue reading “BankSimple Secures $2,900,000 Series A Round”

Information Risk Management for the 21st Century Life Sciences Company: WBBA Event

Compliance with information-security legal obligations and protecting proprietary information have become increasingly difficult, given this decade’s ever-increasing universe of types of data leakage. Extreme advances in information technology and data mobility have exacerbated the ramifications of inevitable human error. Exciting new platforms such as social-networking/Web-2.0 sites and “the cloud” often catch on without adequate risk-assessment. … Continue reading “Information Risk Management for the 21st Century Life Sciences Company: WBBA Event”

VIP Forum With NEA: WBBA Event

The Washington Biotechnology & Biomedical Association is organizing a Venture Investment and Partnering (VIP) Forum on Friday Sept. 17 with New Enterprise Associates. The event is part of a series in which entrepreneurs get a chance to make 30-minute presentations to visiting venture firms. For more information, click here.

Accumetrics Adds $7 Million in Venture Funding, Plans to Reach Profitability

San Diego-based Accumetrics says today it has raised an additional $7 million as part of a Series E venture round that was announced last October, when the biomedical diagnostics company raised about $16.5 million. The company says it has closed out the round after raising $24 million altogether. The latest funding brings the total capital … Continue reading “Accumetrics Adds $7 Million in Venture Funding, Plans to Reach Profitability”

Planning for Drug Development Success: WBBA Event

The Washington Biotechnology & Biomedical Association is organizing an event on some of the best practices to follow in the notoriously difficult field of new drug development. David Brewster of Roche, Roger Ulrich of Calistoga Pharmaceuticals, Richard Slauter of MPI Research, and Jerry Moore of Pacific BioDevelopment will be part of the panel discussion. For … Continue reading “Planning for Drug Development Success: WBBA Event”

Cebix Raises $16M From Investors

San Diego-based Cebix, which is developing a replacement therapy based on human proinsulin C-peptide as a supplemental treatment for complications from type 1 diabetes, has raised $16 million over the past 14 months, according to a form filed with regulators Monday. The form amends a regulatory filing that Cebix submitted in June, 2009, which disclosed … Continue reading “Cebix Raises $16M From Investors”

Piercing the Clouds: Emerging Opportunities in Cloud Computing

The MIT Enterprise Forum of the Northwest has assembled a panel of executives and entrepreneurs from Google, Amazon Web Services, Microsoft, Madrona Venture Group and RealNetworks to talk about their experiences in cloud computing. The event, on September 22, will be moderated by Mark Anderson, CEO of Strategic News Service. For more information on how … Continue reading “Piercing the Clouds: Emerging Opportunities in Cloud Computing”

The Legacy of the Exxon Valdez: Science & Technology Discovery Series

Dr. Usha Varanasi, the director of the Northwest Fisheries Science Center, will be the guest speaker at the Technology Alliance’s Science & Technology Discovery Series breakfast meeting on Sept. 10. Varanasi will talk about the legacy of the Exxon Valdez and the effects of oil spills on aquatic ecosystems. For more information on how to … Continue reading “The Legacy of the Exxon Valdez: Science & Technology Discovery Series”

Bridging the Commercialization Gap: ITHS Industry Day

The Institute of Translational Health Sciences, a joint program from the University of Washington, Fred Hutchinson Cancer Research Center and Seattle Children’s Hospital, is hosting a half-day networking event with industry partners on Sept. 22 in South Lake Union. The goal is to explore “ways to improve human health through cooperative therapeutic, device or diagnostic … Continue reading “Bridging the Commercialization Gap: ITHS Industry Day”

Amazon Plans Digital TV/Movies Service

Seattle-based Internet retailer Amazon (NASDAQ: [[ticker:AMZN]]) is working on a new online digital TV and movies subscription service, challenging established competitors such as California-based Netflix (NASDAQ: [[ticker:NFLX]]). The e-commerce company has been pitching the Web-based service to media companies including General Electric’s NBC Universal (NYSE:[[ticker:GE]]), Time Warner (NYSE: [[ticker:TWX]]), News Corp. (NasdaqGS: [[ticker:NWSA]]) and Viacom … Continue reading “Amazon Plans Digital TV/Movies Service”

Zillow Partners with Apartments.com

Seattle-based real estate website, Zillow, said today that it has partnered with Chicago-based Apartments.com. Financial terms of the deal were not disclosed, but through the partnership Apartments.com’s national database of some 90,000 managed apartment rental listings will be syndicated on Zillow.com, bringing the total number of  listings for single-family homes and apartments on the site … Continue reading “Zillow Partners with Apartments.com”

TechStars Expands to NYC

TechStars, the seed-stage investment and mentoring program for technology startups, said today it is opening a new session in New York City, starting in January 2011. Applications from entrepreneurs are due by November 21, 2010. TechStars was founded in 2006 in Boulder, CO, and has since expanded to Boston and Seattle. New York will be … Continue reading “TechStars Expands to NYC”

Innovators in Boston, San Diego, San Francisco, Northwest Top World Economic Forum’s List of Technology Pioneers

The World Economic Forum—the body behind the exclusive annual gathering in Davos, Switzerland—today released its “Technology Pioneers” list for 2011. An unusually large number of the companies on the list (11 out of 31) are located in or near Xconomy’s home cities—see the rundown below. For the Pioneers list, the WEF singles out companies that … Continue reading “Innovators in Boston, San Diego, San Francisco, Northwest Top World Economic Forum’s List of Technology Pioneers”

Salary.com Acquired by Kenexa

Salary.com (NASDAQ: [[ticker:SLRY]]), a Needham, MA-based maker of on-demand software for managing employee pay and performance, will be acquired by Wayne, PA-based Kenexa (NASDAQ: [[ticker:KNXA]]) for $4.07 per share in cash, for a total of roughly $80 million, the companies announced today. Kenexa, a human resources software, services, and consulting firm, said it expects the … Continue reading “Salary.com Acquired by Kenexa”

Party Like It’s 1999: 10 Old Tech Ideas That Are New Again

Timing is everything—especially in the tech world. If you follow trends in technology, science, or business for long enough, you realize there are very few new ideas. Instead, the combination of the right idea with the right timing and execution is usually the key to success in any field. Look at all the snazzy tech … Continue reading “Party Like It’s 1999: 10 Old Tech Ideas That Are New Again”

VMware Adds Integrien and TriCipher to Up Its Cloud Computing Power

[Updated, 9/1/10 at 12:00pm. See below.] VMware (NYSE: [[ticker:VMW]]), the Silicon Valley virtualization unit of Hopkinton, MA-based storage giant EMC (NYSE: [[ticker:EMC]]), announced at its annual conference in San Francisco that it had scooped up two IT startups to add to its cloud computing infrastructure. The company bought Irvine, CA-based Integrien, a maker of real-time … Continue reading “VMware Adds Integrien and TriCipher to Up Its Cloud Computing Power”

Saving Stranded Technologies: Talking with Spinout Expert David Tennenhouse at New Venture Partners

The “two guys in a garage” story of how technology companies get started is a powerful one in Silicon Valley. And it does happen: there really was a garage at Hewlett-Packard in the 1930s, Apple in the 1970s, and Google in the 1990s. The Mountain View, CA-based Y Combinator startup incubator, where most companies consist … Continue reading “Saving Stranded Technologies: Talking with Spinout Expert David Tennenhouse at New Venture Partners”

Pfizer Gobbles FoldRx in Big Pharma’s Latest Rare Disease Play in Boston Area

Big drug companies can’t seem to resist buying Boston-area biotech firms in the rare disease drug business. Pfizer, the world’s largest drugmaker, said this morning that it has agreed to purchase Cambridge, MA-based FoldRx Pharmaceuticals for an undisclosed sum. Venture-backed FoldRx will give New York-based Pfizer (NYSE:[[ticker:PFE]]) its lead molecule for a neurodegenerative disorder called … Continue reading “Pfizer Gobbles FoldRx in Big Pharma’s Latest Rare Disease Play in Boston Area”

DreamBox Learning Hires New CEO

Bellevue, WA-based online education company DreamBox Learning has hired Jessie Woolley-Wilson as its new chief executive. Woolley-Wilson previously served as president of K-12 at Blackboard (NASDAQ: [[ticker:BBBB]]), as executive vice president of LeapFrog Enterprises (NASDAQ: [[ticker:LF]]), and as president of LeapFrog SchoolHouse. She has also held executive leadership positions at MyRoad.com, The College Board, and … Continue reading “DreamBox Learning Hires New CEO”

Eset Readies Mobile Security Software for Some Smartphone Operating Systems

I must begin with a confession: It’s been awhile since I sat down with Eset CEO Anton Zajac to get an update on the privately held IT security and anti-virus software developer based in Bratislava, Slovakia, and San Diego. While the company’s security software products are well-known in Europe, Eset is not as well-recognized in … Continue reading “Eset Readies Mobile Security Software for Some Smartphone Operating Systems”

Ambiq Micro Wins Investment from Michigan’s Student-Run Frankel Commercialization Fund

At the University of Michigan, the inmates really are running the asylum. I’ve written before about the Wolverine Venture Fund, where students are not playing with Monopoly money: they’re investing real capital into real companies and accepting real risk. Well, the pre-seed version of this idea is the Frankel Commercialization Fund, another student-led effort, which … Continue reading “Ambiq Micro Wins Investment from Michigan’s Student-Run Frankel Commercialization Fund”

Mercator Therapeutics Embarks on Journey to Develop Targeted Cancer Drugs

Mercator Therapeutics is at the beginning of a journey to commercialize drugs derived from a new way of discovering treatments for cancer. Recently, the biotech startup closed a $2 million seed round of financing and completed an initial licensing deal for its peptide-based drugs. It now plans to settle into its first corporate office in … Continue reading “Mercator Therapeutics Embarks on Journey to Develop Targeted Cancer Drugs”

Will the Stem Cell Ruling Affect Venture Capital Investing?

Last week’s federal district court ruling ordering an immediate halt in federal funding for stem cell research has thrown academic research circles into a state of confusion. This has caught the attention of the VC community, as the venture-backed biotech world is largely dependent on technology developed in academic institutions, and the cutting-edge research produced … Continue reading “Will the Stem Cell Ruling Affect Venture Capital Investing?”

Cisco Acquires ExtendMedia, Genzyme Rejects Sanofi Bid, Yottaa Grabs $4M, & More Boston-Area Deals News

We saw news of acquisitions and financing rounds for New England’s tech, life sciences, and energy firms—including some developments in what could be one of the biggest buyouts in some time (see below). —NKT Therapeutics, a Newton, MA-based developer of drugs to stimulate natural killer T cells, brought in a $4 million equity round, according … Continue reading “Cisco Acquires ExtendMedia, Genzyme Rejects Sanofi Bid, Yottaa Grabs $4M, & More Boston-Area Deals News”

Copiun Secures $1,900,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d12a2d98-058f-4b44-858b-bc4c2fc0e907&Preview=1 Date 9/1/2010 Company Name Copiun Mailing Address 313 Boston Post Rd. W. Marlborough, MA 01752 Company Description Copiun has set out to provide a solution for User Data Management that is less rather than more – less for end users to do, less for IT administrators to do, and less expensive. … Continue reading “Copiun Secures $1,900,000 New Financing Round”

VeriFone Systems Acquires Way Systems for $9,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d7f12ef1-2e04-44c2-b2f5-5f78ed456569&Preview=1 Date 9/1/2010 Company Name Way Systems Mailing Address 200 Unicorn Park Woburn, MA 01801 Company Description WAY Systems was founded in 2002 with a global vision of providing the most cost effective, secure, wireless point-of-sale (POS) solution and support services to mobile merchants everywhere. Website http://www.waysystems.com Transaction Type M&A Transaction Amount … Continue reading “VeriFone Systems Acquires Way Systems for $9,000,000”

Pfizer Acquires FoldRx Pharmaceuticals for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cc1075c2-0c37-41cf-aebc-a9908a558ee9&Preview=1 Date 9/1/2010 Company Name FoldRx Pharmaceuticals Mailing Address 100 Acorn Park Drive 5th Floor Cambridge, MA 02140 Company Description FoldRx is a leader in the discovery and development of first in class disease modifying drug therapies for diseases of protein misfolding and amyloidosis. Website http://www.foldrx.com Transaction Type M&A Transaction Amount Undisclosed … Continue reading “Pfizer Acquires FoldRx Pharmaceuticals for Undisclosed Sum”

Kenexa Corp. Acquires Salary.com for $80,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed7ba6a2-f3be-4f63-81f1-f42dd6e2daaa&Preview=1 Date 9/1/2010 Company Name Salary.com Mailing Address 160 Gould Street Needham, MA 02494 Company Description Salary.com (Nasdaq: SLRY) is a leading provider of on-demand compensation management solutions helping businesses and individuals manage pay and performance. Salary.com provides companies of all sizes comprehensive on-demand software applications that are tightly integrated with its … Continue reading “Kenexa Corp. Acquires Salary.com for $80,000,000”

UpTake Networks Lands $2,781,724 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=94490aa3-9725-4e48-873f-218dee77e0d2&Preview=1 Date 9/1/2010 Company Name UpTake Networks Mailing Address 654 High Street Palo Alto, CA 94301 Company Description UpTake.com is a travel search and discovery site – the first step for travelers to decide where to go, where to stay or what to do. We help users make informed decisions about what … Continue reading “UpTake Networks Lands $2,781,724 New Funding Round”

Marketfish Garners $1,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=95256b4d-0dc6-4671-8948-3f6a08a399a2&Preview=1 Date 9/1/2010 Company Name Marketfish Mailing Address 512 2nd Ave Seattle, WA 98104 Company Description Operates an online marketing and email service platform. Website http://www.marketfish.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes The company will use the proceeds to grow sales, build out the platform and … Continue reading “Marketfish Garners $1,500,000 New Financing”

Accumetrics Secures $7,000,000 Series E Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=95a0f403-0ecb-4d85-a7d0-327aaf8e14dc&Preview=1 Date 9/1/2010 Company Name Accumetrics Mailing Address 3985 Sorrento Valley Blvd. San Diego, CA 92121 Company Description Founded in 1996, Accumetrics is a privately-held company based in San Diego, California. The company develops, manufactures, and markets the VerifyNow® System, a comprehensive suite of tests for the assessment of platelet response to … Continue reading “Accumetrics Secures $7,000,000 Series E Financing Round”