A.I. Startup Atomwise Has a Deal for Researchers Hunting for New Drugs

[Updated 4/20/17 10:27 am. See below.] Artificial intelligence company Atomwise is offering a shortcut for as many as 100 university scientists who are searching for new drugs to fight disease. The San Francisco-based startup, which uses deep learning algorithms to ferret out drug candidates by sifting through masses of data, wants to send each researcher 72 … Continue reading “A.I. Startup Atomwise Has a Deal for Researchers Hunting for New Drugs”

Rackspace Spinout Mailgun Raises $50M for API-Focused E-mail Service

San Antonio—For businesses sending out thousands or millions of receipts and marketing materials over e-mail to customers every year, there’s plenty to monitor. You have make sure those e-mails are delivered, that they stand out among the spam (or aren’t mistaken for it), that any customer replies go to the right employees, and that any … Continue reading “Rackspace Spinout Mailgun Raises $50M for API-Focused E-mail Service”

Texas Roundup: Comey at SXSW, CTAN, RealCo, Fannin, “Trump and Dump”

Let’s catch up with the latest innovation news from Xconomy Texas. —The slow pace of a research environment—not to mention a couple of ER trips for “lab-related accidents,” sent Erik Halvorsen down a career path in technology transfer. Halvorsen, who now directs the Texas Medical Center’s Innovation Institute, speaks about that journey, how commercialization became … Continue reading “Texas Roundup: Comey at SXSW, CTAN, RealCo, Fannin, “Trump and Dump””

EquipmentShare Gets $26M to Leverage Data Analytics in Construction

Dallas—EquipmentShare, a data analytics and software startup geared to the construction industry, has raised $26 million in funding. The investment round was led by Insight Venture Partners and existing investor Romulus Growth, with participation from Y Combinator, another previous investor. The money will be used to expand its geographic reach and further develop new products. … Continue reading “EquipmentShare Gets $26M to Leverage Data Analytics in Construction”

Agtech Startup FarmLogs Harvests $22M From Naspers-Led Series C Round

Farming has always been a data-intensive business but digital approaches to record keeping are starting to take root with more farmers. Agtech startup FarmLogs aims to capitalize on the trend, and it now has $22 million in additional financing to support those efforts. New investor Naspers Ventures led the round Series C round of financing. … Continue reading “Agtech Startup FarmLogs Harvests $22M From Naspers-Led Series C Round”

Five Questions For … SnapStream Founder & CEO Rakesh Agrawal

Houston—Houston-based entrepreneur Rakesh Agrawal is the founder and CEO of the media tech startup SnapStream, which has developed technology capable of recording television programs and combing through them in order to flag specific words or phrases identified by customers. For example, SnapStream’s tools allow one of its customers, “The Daily Show,” to mine congressional hearings … Continue reading “Five Questions For … SnapStream Founder & CEO Rakesh Agrawal”

Mimir Aims to Streamline Computer Science Instruction, Tech Hiring

When Prahasith Veluvolu and a couple of buddies from Park Tudor High School matriculated at Purdue University three years ago, they decided to shut down the Web consulting business they had been running out of their childhood bedrooms. Ending their consulting gig wasn’t enough to banish the startup bug, however, so Veluvolu and his friends—Jacobi … Continue reading “Mimir Aims to Streamline Computer Science Instruction, Tech Hiring”

Wallarm Obtains $2,300,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=81876792-a14f-4fb5-b9a8-230a59304336 Date 12/13/2016 Company Name Wallarm Mailing Address 155 Constitution Dr. Menlo Park, CA 94025 USA Company Description A complete solution for blocking attacks & detecting vulnerabilities for the modern web applications and APIs. Next-generation web application firewall and vulnerability scanner in one unified product. Website http://www.wallarm.com Transaction Type Venture Equity Transaction … Continue reading “Wallarm Obtains $2,300,000 New Financing”

Boston Tech Watch: Cybersecurity, Drones, Silent Discos, & More

[Updated 12/12/16, 2:54 pm. See below.] It’s mid-December, and that means a rush of tech news, as companies work feverishly to get deals done before the end of the year. Recent moves in the Boston area include American Express’s purchase of a local cybersecurity startup, more funding for the new cloud storage startup from Carbonite’s … Continue reading “Boston Tech Watch: Cybersecurity, Drones, Silent Discos, & More”

WorkRamp Lands $1,800,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b31ff6a8-e390-4f61-8f30-4d279d33ad14 Date 12/2/2016 Company Name WorkRamp Mailing Address Undisclosed San Francisco, CA 94107 USA Company Description From the first moon landing to the unveiling of the iPod, great teams have pushed themselves to accomplish the unimaginable. Our hope is that every team feels empowered to achieve their wildest ambitions. Poor guidance and … Continue reading “WorkRamp Lands $1,800,000 Seed Funding Round”

Message.io Receives $2,500,000 Seed Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6cf8b1b9-af5e-4659-abd7-9c6dc7f0ae0e Date 11/21/2016 Company Name Message.io Mailing Address Undisclosed Austin, TX 78751 USA Company Description Deploy your existing Slack app to other messaging platforms in 15 minutes with no coding changes. Website http://www.message.io Transaction Type Venture Equity Transaction Amount $2,500,000 Transaction Round Seed Proceeds Purposes The company intends to use the funds … Continue reading “Message.io Receives $2,500,000 Seed Financing”

analyticsMD Secures $13,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=927900bf-9309-4538-9c05-240b6c709ee6 Date 11/17/2016 Company Name analyticsMD Mailing Address 1707 Spring St. Mountain View, CA 94043 USA Company Description Real time feedback for continual improvement in clinical environments. Website http://www.analyticsmd.com Transaction Type Venture Equity Transaction Amount $13,000,000 Transaction Round Undisclosed Proceeds Purposes analyticsMD plans to use the capital to ramp product development and … Continue reading “analyticsMD Secures $13,000,000 New Financing Round”

Nurx Lands $5,300,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7e066b41-97ac-4351-8211-ec6f86d8bb03 Date 11/2/2016 Company Name Nurx Mailing Address Undisclosed San Francisco, CA 94107 USA Company Description Don’t have insurance? No problem! We help you choose the right brand without breaking the bank. If you have insurance, it’s either free or the cost of your copay. Website http://www.app.nurx.co Transaction Type Venture Equity Transaction … Continue reading “Nurx Lands $5,300,000 Series A Financing”

HigherMe Secures $1,500,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4ca90c00-57ac-482c-a077-ed5340cb2282 Date 10/20/2016 Company Name HigherMe Mailing Address 21 Dry Dock Avenue Boston, MA 02210 USA Company Description HigherMe uses data and video to help retail and service employers find, screen, and hire better employees faster. Applicants go to our site and answer questions – both objective (when are they available to … Continue reading “HigherMe Secures $1,500,000 Seed Round”

Benchling Secures $7,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=77dd86ff-31ce-4736-90b4-32565a0ec133 Date 10/5/2016 Company Name Benchling Mailing Address 170 Capp Street San Francisco, CA 94110 USA Company Description Benchling is a life science data management and collaboration platform. Website http://www.benchling.com Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Thrive … Continue reading “Benchling Secures $7,000,000 New Funding Round”

Ginkgo Builds Out Robot Labs as Microbe Design Business Grows: Photos

If Ginkgo Bioworks has its way, robots and software will someday handle most of the genetic engineering work currently performed by scientists sitting at lab benches. Ginkgo is contributing to that shift. Today the synthetic biology company announced an expansion of its headquarters in Boston’s Seaport neighborhood, including a second, larger lab space for designing … Continue reading “Ginkgo Builds Out Robot Labs as Microbe Design Business Grows: Photos”

DeepGram Receives $1,800,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d90159f9-dd18-4ffc-add9-a95c9e222e4f Date 9/28/2016 Company Name DeepGram Mailing Address 1075 Space Park Way Mountain View, CA 94043 USA Company Description DeepGram uses artificial intelligence to recognize speech, search for moments, and categorize audio and video. Try it on calls, meetings, podcasts, video clips, lectures—and get actionable insights from an easy to use API. … Continue reading “DeepGram Receives $1,800,000 New Round”

GitLab Lands $20,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e0c7743a-8052-4262-bff8-d8e70f14976f Date 9/14/2016 Company Name GitLab Mailing Address 1233 Howard St. San Francisco, CA 94103 USA Company Description Code, test, and deploy together Host it on your own server? Download and install the open source GitLab CE in 2 minutes Need Website http://www.gitlab.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round … Continue reading “GitLab Lands $20,000,000 Series B Funding”

Mux Secures $2,800,000 Seed Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e67d4461-d09c-4f1e-a435-09cccacbef27 Date 9/1/2016 Company Name Mux Mailing Address 325 9th Street San Francisco, CA 94103 USA Company Description Mux offers real-time performance monitoring and analytics for video streaming, helping publishers deliver better quality of experience to their viewers. Website http://www.mux.com Transaction Type Venture Equity Transaction Amount $2,800,000 Transaction Round Seed Proceeds Purposes … Continue reading “Mux Secures $2,800,000 Seed Financing Round”

As Rackspace Sells to Apollo for $4.3B, Locals and Cloud Feel Impact

San Antonio—Even though it now has more than $2 billion in annual revenue, Rackspace is a company whose roots are in the nimble startup world. That’s epitomized by a decision in the late 1990s, when the company’s co-founders—Richard Yoo, Dirk Elmendorf, and Pat Condon—transitioned the business from being an Internet service provider and app developer … Continue reading “As Rackspace Sells to Apollo for $4.3B, Locals and Cloud Feel Impact”

Circular Board Founder Carolyn Rodz Puts New Spin on the Accelerator

Houston—There is a lot of discussion in the startup world about how to better support women entrepreneurs. Carolyn Rodz decided to tackle one aspect of it: the accelerator. “We wanted to take best practices from accelerators like Techstars and Y Combinator, and build something that is for women,” says Rodz, who launched the Circular Board … Continue reading “Circular Board Founder Carolyn Rodz Puts New Spin on the Accelerator”

LendUp Obtains $50,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=92bd3583-f162-4e53-b4b6-3b71f349c3a6 Date 8/24/2016 Company Name LendUp Mailing Address 237 Kearny St San Francisco, CA 94108 USA Company Description The LendUp Ladder changes the dynamics of the small dollar loan: rather than being a dangerous first step into a cycle of debt, it becomes an opportunity to learn good financial behavior and to … Continue reading “LendUp Obtains $50,000,000 New Funding”

Proxy Garners $1,600,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=02826ccb-1cad-4ccf-a049-be2321082324 Date 8/24/2016 Company Name Proxy Mailing Address 350 Townsend Street San Francisco, CA 94107 USA Company Description Install the Proxy Pass app on your iPhone or Android, and sign up for a new account with your work email address. Allow access to your device’s Bluetooth and location services, and make sure … Continue reading “Proxy Garners $1,600,000 New Financing”

InsiteVR Garners $1,500,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=47250198-0b19-4d12-a332-d83a7c63c6b2 Date 8/24/2016 Company Name InsiteVR Mailing Address 405 E 14th Street New York, NY 10019 USA Company Description InsiteVR – Easily create virtual reality visualizations with models from Sketchup, Blender, Rhino, Revit, or any other 3D modeling software. Website http://www.insitevr.com Transaction Type Venture Equity Transaction Amount $1,500,000 Transaction Round Seed Proceeds … Continue reading “InsiteVR Garners $1,500,000 Seed Round”

Simbi Lands $1,200,000 Seed Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=26c8eb1d-34b9-462a-820e-156609d7fb70 Date 8/19/2016 Company Name Simbi Mailing Address 400 R Street Sacramento, CA 95814 USA Company Description Simbi is an online marketplace that runs on talents, services, and skills, not cash, credit, or check. Founded in 2015 and based in San Francisco, Simbi provides a way for freelancers and independent workers to … Continue reading “Simbi Lands $1,200,000 Seed Financing Round”

Instavest Receives $1,700,000 Seed Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e682e4ff-0e59-404a-87b7-7c19bef83225 Date 8/19/2016 Company Name Instavest Mailing Address 257 Castro St. Mountain View, CA 94041 USA Company Description Collaborative investment network! Website http://www.instavest.com Transaction Type Venture Equity Transaction Amount $1,700,000 Transaction Round Seed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Y Combinator Venture Investor Investor Venture Investor Cherubic … Continue reading “Instavest Receives $1,700,000 Seed Funding”

Pre-Election Day, VCs And Others Already Lobbying To Keep Low Tax Rate

Menlo Ventures managing director Venky Ganesan, who became chair of the National Venture Capital Association’s board in May, took office at a potentially crucial moment in the history of the venture investing sector. The name “Wall Street” has become a shorthand term for corruption in the populist mood of the presidential election campaign. And the … Continue reading “Pre-Election Day, VCs And Others Already Lobbying To Keep Low Tax Rate”

The FLEX Company Secures $1,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af949f30-bd48-4d88-8bba-a88318913959 Date 8/12/2016 Company Name The FLEX Company Mailing Address 1600 Main Street Venice, CA 90291 USA Company Description The Flex Company is the leader in innovation for feminine care, and the sole maker of menstrual discs. Menstrual discs are the first product innovation in feminine hygiene in nearly a century and … Continue reading “The FLEX Company Secures $1,000,000 New Funding Round”

CareSkore Lands $4,300,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4543c616-c8af-48b5-8633-5c3974c3e604 Date 8/11/2016 Company Name CareSkore Mailing Address 655 Castro St. Mountain View, CA 94041 USA Company Description The company has successfully leveraged a predictive patient management system for healthcare providers by conducting predictions in real time, based on combination of clinical, labs, demographic and behavioral data. Website http://www.careskore.com Transaction Type Venture … Continue reading “CareSkore Lands $4,300,000 New Round”

LeadGenius Obtains $10,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6a416ba-1e6d-4804-b20d-9e0de9f1b560 Date 7/29/2016 Company Name LeadGenius Mailing Address 2054 University Avenue Berkeley, CA 94704 USA Company Description LeadGenius manages the entire lead generation and outreach process so that you can focus on the important parts of your business. We also offer a la carte services for those that only need one portion … Continue reading “LeadGenius Obtains $10,000,000 Series B Funding”

Tour of Texas: Valence, Stellarray, Flux Farms, A&M, StemBioSys

Let’s get caught up on the latest innovation news from Texas’s startup communities. Austin: —Valence Health, a Chicago-based organization with offices in Austin and Corpus Christi, has sold the majority of its business to Evolent Health for $145 million in cash and stock. Founded in 1996, Valence provides advisory and administrative services to hospitals, insurers, … Continue reading “Tour of Texas: Valence, Stellarray, Flux Farms, A&M, StemBioSys”

Freshly Gets $21M More on Its Plate for Tech Hires, National Expansion

Amid some of the commotion in the food tech sector, on Tuesday New York-based Freshly, a meal delivery startup, announced it raised $21 million in a Series B round led by Insight Venture Partners. Prior investors, including Highland Capital Partners and White Star Capital, also participated. The infusion of funding will go towards some of the … Continue reading “Freshly Gets $21M More on Its Plate for Tech Hires, National Expansion”

Filestack, Owned by Scaleworks, Rides Wave of Interest in API Services

San Antonio—If you build it, will they buy your application programming interface? Increasingly, it seems so. With tech companies such as Uber and Lyft or Facebook and Instagram aiming to provide faster services to more people, a subset of companies has emerged that aims to provide niche software tools that are meant to take at … Continue reading “Filestack, Owned by Scaleworks, Rides Wave of Interest in API Services”

Seattle Space Sector Ready for Its Close-up

The Seattle area’s commercial space businesses will showcase themselves and the region to the broader industry as the NewSpace conference kicks off here for the first time Tuesday. More than 500 people are expected for the three-day event, put on by the Space Frontier Foundation, which will also be highlighting its new initiatives meant to … Continue reading “Seattle Space Sector Ready for Its Close-up”

Ginkgo Gulps $100M to Build Synthetic Food, Fragrance Business

Ginkgo Bioworks sits at the intersection of synthetic biology, software, robotics, and advanced manufacturing, making it one of the more intriguing startups in Boston. Now, a fresh round of $100 million in venture capital also makes it one of the area’s biggest technology bets. Ginkgo has raised $154 million from investors since March 2015. The … Continue reading “Ginkgo Gulps $100M to Build Synthetic Food, Fragrance Business”

Ginkgo Bioworks Receives $100,000,000 Series C Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af5947e4-5514-4821-a28a-ab1d300fc973 Date 6/8/2016 Company Name Ginkgo Bioworks Mailing Address 27 Drydock Ave. 8th Floor Boston, MA 02210 USA Company Description Ginkgo Bioworks is the organism company. We design custom microbes for customers across multiple markets. We build our foundries to scale the process of organism engineering using software and hardware automation. Organism … Continue reading “Ginkgo Bioworks Receives $100,000,000 Series C Round”

Tenjin Secures $2,500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d73105f4-2adf-4209-9d07-f89507990dd5 Date 6/3/2016 Company Name Tenjin Mailing Address 350 Sansome St. San Francisco, CA 94104 USA Company Description Tenjin works with you to provide the infrastructure you need for your apps to grow. We provide a modular full stack: attribution, aggregation, analytics and a data warehouse so you don’t have to build … Continue reading “Tenjin Secures $2,500,000 New Funding Round”

Austin Tech Entrepreneurs Develop Non-Profit Ride-Hailing Service

Austin—A group of Austin, TX, tech leaders have announced a new ride-hailing service for the city. RideAustin is pulling up to the curb about two weeks after voters rejected a referendum item that would have nullified the city’s fingerprinting rules for ride-hailing companies’ drivers. Two days after losing that vote, Uber and Lyft—which spent $8 … Continue reading “Austin Tech Entrepreneurs Develop Non-Profit Ride-Hailing Service”

Seattle Week in Review: Don’t Sleep on These Techstars

This week, we’re reviewing the latest batch of startups to emerge from Techstars Seattle; an ambitious renewable energy commitment from Microsoft; an artificial intelligence-powered legal research assistant; top stories from around Xconomy’s network on mobility, enterprise search, and entrepreneurship education at MIT; and a dire warning about earthquake safety for those living and working in … Continue reading “Seattle Week in Review: Don’t Sleep on These Techstars”

Lattice Receives New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=65af5dbd-4ba9-49da-a0ec-a50221be99e3 Date 5/16/2016 Company Name Lattice Mailing Address Undisclosed San Francisco, CA 94107 USA Company Description We founded Lattice with the goal of helping companies run more effectively. We want to help teams be more focused, aligned, and motivated because we’ve been part of growing teams and know how much of a … Continue reading “Lattice Receives New Round”

Danny Hillis on Boston vs. CA, Last Days With Minsky, and His New Co

Danny Hillis co-founded the famous parallel computing company Thinking Machines in 1983, while doing his doctoral work at MIT under artificial intelligence pioneer Marvin Minsky. The company boasted one of the great corporate slogans of all time: “We’re building a machine that will be proud of us.” Thinking Machines might not have worked out (its … Continue reading “Danny Hillis on Boston vs. CA, Last Days With Minsky, and His New Co”

CoreOS Secures $28,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6eec47d3-7cc5-4cbc-bc35-25916494ee20 Date 5/9/2016 Company Name CoreOS Mailing Address PO Box 7775 San Francisco, CA 94120 USA Company Description CoreOS creates and maintains open source projects for Linux Containers. Website http://www.coreos.com Transaction Type Venture Equity Transaction Amount $28,000,000 Transaction Round Series B Proceeds Purposes CoreOS, a leader in deploying, managing and securing software … Continue reading “CoreOS Secures $28,000,000 Series B Funding”

EnsoData Raises $550K to Develop Software That Analyzes Sleep Data

At an event last August featuring pitches from startups, EnsoData co-founder Chris Fernandez told audience members that his company was hoping to raise $300,000 in a seed funding round. EnsoData, whose software uses machine learning algorithms to help clinicians score sleep data and diagnose patients with sleep apnea and other disorders, has now realized that … Continue reading “EnsoData Raises $550K to Develop Software That Analyzes Sleep Data”

Checkr Receives $40,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f68a948b-8959-4ff6-aa13-662e5deef005 Date 3/23/2016 Company Name Checkr Mailing Address 2505 Mariposa Street San Francisco, CA 94110 USA Company Description Checkr wants to change the manual process of doing background checks for a new generation of employers. With a growing number of companies hiring contractors for on-demand services, it’s a huge and growing market. … Continue reading “Checkr Receives $40,000,000 Series B Financing Round”

Science Exchange Garners $25,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c1371f0-8acd-4198-9edc-95052dcb3fc0 Date 3/23/2016 Company Name Science Exchange Mailing Address 203 Forest Ave. Palo Alto, CA 94301 USA Company Description Science Exchange is an online marketplace for science experiments. Our goal is to make it easier for researchers to access core resources across institutions. Website http://www.scienceexchange.com Transaction Type Venture Equity Transaction Amount $25,000,000 … Continue reading “Science Exchange Garners $25,000,000 Series B Financing”

DoorDash Secures $127,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb3b9994-451a-4e13-855d-a3be1fe346c3 Date 3/23/2016 Company Name DoorDash Mailing Address 565 Stanford Ave. Palo Alto, CA 94306 USA Company Description DoorDash enables delivery in areas where it was not available. Our mission is to empower small business owners to offer delivery in an affordable and convenient way. We are achieving this mission first by … Continue reading “DoorDash Secures $127,000,000 Series C Financing Round”

GM Bets Big Bucks on Cruise Automation and a Driverless Future

According to reports in Fortune and other media outlets, GM has forked over more than $1 billion in cash and stock to acquire Bay Area startup Cruise Automation, a producer of “after-market” kits that can turn existing cars into autonomous vehicles. If the figure is correct, that makes company co-founder Kyle Vogt a “two-time unicorn … Continue reading “GM Bets Big Bucks on Cruise Automation and a Driverless Future”

Avametric Secures $10,500,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5ab86cf-ee6f-4ff3-8710-ee38f3f5ad18 Date 3/11/2016 Company Name Avametric Mailing Address Undisclosed San Francisco, CA 94107 USA Company Description Avametric is a software company that fuses leading technology and talent from Silicon Valley, Hollywood, and the fashion industry to recreate the fitting room experience virtually. It was conceived by academics, built by engineers, designed by … Continue reading “Avametric Secures $10,500,000 Series A Funding”

Accelerator 9Mile Labs Evolves Model for Investing in Startups

[Updated 3/10/16 2:12 pm. See below.] In the three years since it opened, Seattle business-to-business accelerator 9Mile Labs has tweaked just about every aspect of its model for mentoring, supporting, and funding companies. Co-founder Sanjay Puri and his partners are seeking the right formula amid a boom in the business of gooming startups for fast growth … Continue reading “Accelerator 9Mile Labs Evolves Model for Investing in Startups”