Posts filtered by tags: National blog main[x]


Qlik to Acquire Data Integration Software Firm Attunity for $560M

Qlik Technologies, a Pennsylvania-based data analytics company, is acquiring Burlington, MA-based Attunity (NASDAQ: ATTU) in a $560 million deal to boost its offerings to help businesses manage and analyze data across on-site data centers and cloud storage services.Attunity’s data integration and management software optimizes data across different storage sites to be accessible for the growing number of machine learning- and AI-powered data analytics tools that businesses are employing.Qlik say...
Tags: Google, Deals, Cloud, Storage, Big Data, Boston, Trends, Tech, Analytics, Artificial Intelligence, Pennsylvania, Ai, Salesforce, Data Management, Tableau, Burlington

Notley Invests in DivInc Accelerator for Women and People of Color

Austin—DivInc, a nonprofit business accelerator for women and people of color, has received a philanthropic investment from Notley Ventures to expand its accelerator program.DivInc also announced a partnership with Notley that will let the accelerator use services that Notley offers organizations it works with, including finance, operations, marketing, and fundraising. DivInc plans to move into Relay Coworking, which is at Notley’s Center for Social Innovation, a real estate development for non...
Tags: Startups, Accelerator, Real Estate, Texas, Technology, Trends, Startup, Tech, Investment, Austin, People Of Color, Startup Accelerator, Minorities, Dan Graham, Minority, Notley

Merck Scooping Up Cancer Drug Developer Immune Design for $300M

Four months after Immune Design halted a late-stage study for its lead cancer vaccine and saw its stock price cut nearly in half, the immunotherapy company is now in line to join Merck’s pipeline in a deal worth approximately $300 million.Merck (NYSE: MRK announced Thursday that it has agreed to pay $5.85 per share in cash to acquire Immune Design (NASDAQ: IMDZ). Shares of the Seattle company, which also has operations in South San Francisco, CA, closed at $1.42 on Wednesday.Immune Design devel...
Tags: Deals, New York, Drugs, Cancer, Trends, Merck, Fda, Biotech, Seattle, Lymphoma, Life Sciences, Clinical Trials, Roche, South San Francisco CA, MRK, National blog main

Software Startup Portfolium Acquired by Salt Lake City’s Instructure

The software of Portfolium, a San Diego startup that hosts online portfolios for students trying to showcase their achievements to potential employers, is set to join the portfolio of Utah educational software company Instructure.Instructure (NYSE: INST) has agreed to acquire privately held Portfolium. No financial terms of the deal, which was announced Tuesday, were disclosed.Founded in 2014 by CEO Adam Markowitz, Portfolium sells academic institutions access to what it calls its ePortfolio ne...
Tags: Deals, Utah, Education, Entrepreneurship, Funding, Trends, Tech, Higher Education, SaaS, Venture Capital, San Diego, M&a, Salt Lake City, Bridge, Merger, Financing

Blaze Bio Raises $5M to Help Surgeons See Tumors From Healthy Tissue

Blaze Bioscience, a Seattle-based biotech developing “tumor paint” that could help surgeons tell the difference between normal and cancerous tissue, has raised $5 million in new equity funding to help advance its lead product candidate through clinical trials.Heather Franklin, Blaze’s founder and CEO, says its latest funding round is still open, and could climb to more than $20 million. Blaze has raised a total of $45 million from investors since launching in 2010, she says.Blaze’s lead candida...
Tags: Startups, Breast Cancer, Cancer, Trends, Brain Cancer, Food And Drug Administration, Fda, Biotech, Seattle, Mri, Life Sciences, Blaze, Clinical Trials, CNS, National blog main, Seattle blog main

Starboard Ups Bristol-Myers Stake Ahead of Vote on Celgene Deal

Activist hedge fund Starboard Value has boosted its stake in Bristol-Myers Squibb and nominated five candidates to serve on the pharmaceutical giant’s board of directors.Bristol-Myers (NYSE: BMY) disclosed Starboard’s actions in a regulatory filing Wednesday. They come ahead of a shareholder vote to approve Bristol’s $74 billion proposed buyout of Celgene (NASDAQ: CELG). The deal needs approval from shareholders of both companies; Bristol has scheduled an April 12 meeting for its vote.The Brist...
Tags: Deals, New York, Yahoo, Drugs, Trends, Investing, Darden Restaurants, Bristol, Biotech, Hedge Fund, Life Sciences, Celgene, Bristol-myers Squibb, Starboard Value, Dollar Tree, National blog main

Peloton Therapeutics Raises $150M to Advance Kidney Cancer Therapy

Dallas—Peloton Therapeutics, which is developing small molecule drugs to treat cancer, announced Wednesday that it has raised $150 million in a Series E funding round.The new financing was led by RA Capital Management and was joined by new investors, including Eventide Asset Management, Biotechnology Value Fund, OrbiMed, EcoR1 Capital, Vida Ventures, Curative Ventures, and Driehaus Capital Management.Peloton, which was founded in 2010, has been focused on targeting hypoxia-inducible factor-2a, ...
Tags: Startups, Texas, Drugs, Cancer, Funding, Trends, Investment, People, Vc, Therapy, Innovation, Venture Capital, Dallas, Biotech, Life Sciences, Clinical Trials

Menlo Ventures Devotes New $500M Fund to Mid-Stage Growth Companies

Menlo Ventures, like many other Silicon Valley venture capital firms, has at times looked for big returns from spotting early-stage companies with great promise. But as it launches a new $500 million fund, it plans to hunt for companies that are further along, and seem poised to take off on a growth curve.Those early-growth stage companies can suffer from a funding gap, because many venture capital firms are pouring money instead into either fledgling startups or late-stage companies that need ...
Tags: Startups, Uber, Entrepreneurship, Funding, San Francisco, Trends, Tech, Vc, Artificial Intelligence, Venture Capital, Silicon Valley, Mobility, Marketplaces, Financing, Investor, Matt Murphy

Detroit Urban Solutions Seeks to Amplify the Regional Tech Ecosystem

TechTown Detroit, Wayne State University, and NextEnergy have formed a new consortium to advance the Motor City’s tech ecosystem and apply new innovations to tough civic challenges.Called Detroit Urban Solutions, the consortium will focus primarily on mobility, digital health, civic, and smart city technologies. We called Paul Riser Jr., who is stepping down from his position overseeing technology-based entrepreneurship at TechTown to lead Detroit Urban Solutions, to find out more.“The collabor...
Tags: Startups, Entrepreneurship, Funding, Trends, Tech, Software, Innovation, Mobility, Detroit, Smart Cities, Brookings Institution, Digital Health, Civic Technology, Motor City, Wayne State University, National blog main

GenCure Plans Adult Stem Cell Lab at San Antonio “Innovation Center”

San Antonio—GenCure, a subsidiary of life sciences nonprofit BioBridge Global, expects to open a biomanufacturing laboratory this year at a new “innovation center” that’s being developed by VelocityTX in San Antonio.GenCure is a regenerative medicine-focused organization that accepts and stores bone marrow and umbilical cord blood, which it uses to produce adult stem cells for research. BioBridge plans to lease 21,000 square feet of space for GenCure at the new four-acre VelocityTX complex, whi...
Tags: Energy, Startups, Accelerator, Texas, Science, Technology, Funding, Entrepreneur, Trends, Startup, Tech, Tax, Cybersecurity, Emerging Technology, Incubator, Innovation

Cloud Tech Firm Nasuni Takes in $25M in Telstra-Led Funding Round

It wasn’t the monthly bank statement that made Nasuni, a Boston-based cloud storage technology startup, run out and raise $25 million in venture funding.The company had yet to burn through even half of the $38 million it raised in September 2017 in a . So, why did Nasuni recently raise more money?CEO Paul Flanagan tells Xconomy that investors were calling up Nasuni asking if the business needed cash. The venture capitalists had spotted the widespread enterprise movement to the cloud from legac...
Tags: Enterprise, Boston, Massachusetts, Trends, Management, Tech, Vc, Profit, Cash Flow, Goldman Sachs, Files, Telstra, North Carolina, Archiving, Durham, North Bridge Venture Partners

Rapid7, Raytheon, Recorded Future Join Cyber Madness in Boston on April 8

It takes a healthy imagination to pinpoint all the cybersecurity risks baked into today’s Internet-connected, cloud-managed, Web-hungry world—let alone even start to plan for the vulnerabilities, attack strategies, and potent defenses for the future.On April 8, Xconomy is bringing together experts from Boston and beyond to dig into how companies have solved specific problems in security—defending against a cyber attack, securing network data, applications, or critical infrastructure, conducting...
Tags: Security, Startups, Boston, Events, Trends, Tech, It, People, Cybersecurity, Vc, Software, Venture Capital, Ey, Raytheon, Mitre, Back Bay

Funds for Richard’s Rainwater, New CPRIT Executive, & More TX Tech

—Pinpoint, an Austin startup that makes analytics tool to measure software engineering’s contribution to businesses, has raised $13.5 million in a Series A funding round led by Bessemer Venture Partners. Other investors include Storm Ventures, Boldstart Ventures, Bloomberg Beta, Slack Fund, Social Capital, and Cherubic Ventures. The new money brings Pinpoint’s total funding to $16.5 million.—A Texas-based startup will be among the participants at the Hatch Pitch competition at South By Southwes...
Tags: Startups, Texas, Microsoft, China, Cancer, Cherubic Ventures, Funding, Trends, Social Media, Tech, Investment, Sustainability, People, Palo Alto, Vc, Commercialization

Bill Maris Fund Section 32 Notches Two Wins with Life Science Exits

Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month.The firm, based in San Diego’s coastal Cardiff-by-the-Sea community, was started by Bill Maris, who launched and previously headed Google’s corporate venture investment arm, GV (originally called Google Ventures).In an interview with Xconomy last year, the former Googler said his firm planned to focus most of its attention on investments at the juncture of life sci...
Tags: Google, Deals, Trends, Fundraising, Venture Capital, San Diego, Cardiff, Google Ventures, Bill Maris, Johnson & Johnson, National blog main, Xconomy, San Diego blog main, San Diego top stories, J&J, Exits

Boston Tech Watch: Student Loans, Google in Kendall Square & More

General Electric may have backed off its plans for Boston, but at least it’s not leaving town. A student loan startup in Boston eyes help from Capitol Hill. Deals, fundings, and founders moving on. The week in Boston tech is here:—A bill introduced this week in Congress could provide a boost to local student debt startup Gradifi, which helps employers contribute to its workers’ college loans. The bill, put before the Senate this week and introduced in the House earlier this month, allows employ...
Tags: Google, Deals, Startups, Electric Vehicle, Ge, Congress, Senate, Boston, San Francisco, Trends, Mit, House, Cambridge, Silicon Valley, Accenture, General Electric

“Stigma is Going Away”: Cannabis IP is Thorny, But Not Impossible

No longer solely the provenance of hippie or outlaw types, the U.S. cannabis industry has become more sophisticated and tech-enabled as it has come out of the shadows over the past decade. Michigan voters pushed the state to joined the ranks of nine others last fall in approving adult use of recreational marijuana.But with corporations and mom-and-pop players alike wanting to get in on that “green rush”—valued at $146.4 billion globally by 2025 and $25 billion in the U.S. alone—how does an inno...
Tags: Startups, Tobacco, Entrepreneurship, Marijuana, Trends, Software, Cannabis, Innovation, Patents, User Experience, Michigan, Intellectual Property, Nanotechnology, Detroit, Hemp, Cbd

WI Watchlist: FluGen, Propeller Health, Gener8tor, EnSync

Here are some of the latest headlines from Wisconsin’s innovation community:—FluGen, a Madison-based company trying to develop a universal influenza vaccine, topline, preliminary data from a Phase 2 study that demonstrated its M2SR vaccine proved effective in countering a “mismatched” flu virus.The flu virus that makes its rounds each year doesn’t always match the viral strain contained in the annual vaccines administered to people, reducing their effectiveness. FluGen is trying to commercial...
Tags: Deals, Startups, Mobile, Apps, Internet Of Things, Connected Devices, Trends, Tech, It, Vc, Software, Healthcare, Wisconsin, Orion, Flu, Vaccine

Finding True Love Can Be Ruff, But This Startup Could Have Your Match

Too many people treat pet adoption like a one-night stand.“You look at a dog, and see his eyes, and think he’s cute,” says Tama Lundquist, co-president of Houston PetSet, an organization that works with about 70 animal shelters in the Houston area. “But if you’re a couch potato and he likes to run, that’s not going to work out.”Each year, about 3.3 million of these failed hook-ups result in a dog being surrendered to a shelter nationally, the American Society for Prevention of Cruelty to Animal...
Tags: Apps, New York, Texas, Cats, Dogs, Animals, Pets, Funding, Trends, Startup, Tech, Investment, Analytics, People, Vc, Software

VelocityTX Lands City Grant for “Innovation Center” Redevelopment

San Antonio — VelocityTX is getting a $750,000 grant and another tax incentive from the City of San Antonio for its redevelopment of a large industrial space that VelocityTX plans to turn into a three-building “innovation center” for tech, life sciences, and other businesses.VelocityTX, which is the innovation arm of nonprofit business development organization Texas Research and Technology Foundation, is rebuilding the complex in four phases over the course of 10 years, and says it plans to spe...
Tags: Energy, Startups, Accelerator, Texas, Science, Technology, Funding, Entrepreneur, Trends, Startup, Tech, Tax, Cybersecurity, Emerging Technology, Incubator, Innovation

Slimmed-Down GE to Repay $87M as it Scales Back Boston HQ Plans

General Electric is backing out of its glitzy Boston ambitions, selling the land it planned to hold a new 12-story headquarters for 800 employees and instead retreating into the two brick buildings on the same site that can hold 250 workers, the company says.The industrial conglomerate and the state economic development authority, MassDevelopment, have agreed to put for sale the whole 2.7-acre GE-owned site located in Boston’s Fort Point neighborhood. Proceeds from the property sale will reimbu...
Tags: Deals, Real Estate, Ge, Boston, Trends, Tech, General Electric, Economic Development, Charlie Baker, Fort Point, HQ, MassDevelopment, Martin Walsh, Headquarters, National blog main, Boston blog main

Passage Bio Gets $116M As Wilson, Yamada Team Up On Gene Therapy Again

Longtime biopharmaceutical executive Tachi Yamada helped keep the work of gene therapy pioneer James Wilson alive 20 years ago when Wilson was mired in controversy and the emerging field was in its darkest days.Now that gene therapy has come of age, in part because of Wilson’s work, the two are teaming up again. They’ve co-founded a startup, Passage Bio, which aims to use the technology to treat a slew of rare brain diseases.Passage, which has a broad alliance with Wilson’s gene therapy center ...
Tags: Deals, Startups, Trends, Vc, Philadelphia, Fda, National, University of Pennsylvania, GlaxoSmithKline, Parkinson's Disease, James Wilson, Life Sciences, Wilson, Clinical Trials, New Leaf Venture Partners, Takeda

TCR²’s IPO Raises $75M to Bring Cancer Cell Therapy to Solid Tumors

Cancer immunotherapy developer TCR² Therapeutics has raised $75 million in an IPO, which it will use for clinical trials to test a type of immunotherapy intended to treat a wider range of cancers than current cell therapies.Late Wednesday, TCR² priced its offering of 5 million shares at $15 apiece. The Cambridge, MA, company had initially targeted an offering of 5.7 million shares in the range of $14 to $16 each. TCR² shares are expected to begin trading later today on the Nasdaq Exchange under...
Tags: Startups, Drugs, Ipo, Boston, Cancer, Trends, Investing, Ovarian Cancer, Novartis, Biotech, Life Sciences, Mesothelioma, Gilead Sciences, National blog main, Boston blog main, Boston top stories Makes Solar-Powered Computer Chip to Crunch, Learn from Data

By now, many consumers know that uploading a photo, video, or other file to “the cloud” on a service like Google or Facebook often means storing it in a data center. But the computer servers inside data centers don’t just store information—they are constantly processing complex algorithms and using energy to glean new insights for the companies that store it.A Seattle-based startup,, is attempting to build a business on the belief that it could also be possible to run machine learning a...
Tags: Google, Startups, Facebook, Internet Of Things, Hardware, Electronics, Big Data, Trends, Tech, Data, Smartphones, Vc, Artificial Intelligence, Software, SaaS, Computing

Mission Edge Taps 10 Businesses for “Social Enterprise” Accelerator

Mission Edge, a nonprofit organization backed by the San Diego Foundation and three corporations, has chosen 10 companies and organizations to participate in a 12-week program intended to improve each entity’s financial performance, and thereby long-term sustainability.Called the Social Enterprise Accelerator and Impact Lab (SAIL), the program has previously taken place twice. SAIL’s sponsors are wireless giant Qualcomm (NASDAQ: QCOM) and automotive software maker Mitchell, both of which are ba...
Tags: Startups, Accelerator, Small Business, San Francisco, Trends, Tech, Incubator, San Diego, Social Enterprise, Qualcomm, Nonprofit, Social Impact, Mitchell, Shark Tank, Ken Davenport, Impact

Johnson & Johnson to Buy Robotics Startup Auris Health for $3.4B

[Updated 2:07 p.m. See below.] Johnson & Johnson is acquiring medical robotics developer Auris Health for $3.4 billion in cash, a deal that builds on the company’s stated plans to become a player in “digital surgery.”Privately held Auris has commercialized a robotic system cleared by the FDA to assist surgeons in diagnosing and treating lung conditions. According to the agreement announced Wednesday, the Redwood City, CA-based medical device startup could gain up to $2.35 billion in additional ...
Tags: Google, Deals, New York, Trends, Lung Cancer, Fda, Johnson, Biotech, Life Sciences, Medical Devices, Johnson & Johnson, Alex Gorsky, Redwood City CA, National blog main, New York blog main, New York top stories

Autonomous Truck Company TuSimple Adds $95M to Rev Up Commercial Fleet

TuSimple has pulled in $95 million more in venture funding to advance its development of a commercial autonomous fleet of trucks.The new Series D round of financing announced Wednesday boosts the San Diego-based company’s valuation to land it on the growing list of “unicorns”—the tech-world term coined for companies valued at $1 billion or above.TuSimple, founded in 2015 in San Diego and Beijing, raised its Series C round of $55 million in late 2017. Composite Capital, a Hong Kong-based investm...
Tags: Deals, Hong Kong, Funding, Trends, Vc, Beijing, San Diego, Ai, Trucks, Financing, Self-driving, Autonomous Driving, Sina, San Read, National blog main, National top stories

Why Did Amazon Buy Eero? Wi-Fi Users Covet Simplicity, Security

Being able to call on Alexa, the voice of Amazon’s Echo virtual assistants, to play a song or read a weather forecast requires a working Internet connection, of course. Amazon has now opened new avenues to put its own stamp on Wi-Fi routers and other home networking equipment, following the company’s purchase of San Francisco-based Eero, which Amazon announced Monday.Amazon did not say how much it’s paying to acquire Eero, which sells standalone Wi-Fi routers, as well as multi-packs designed to...
Tags: Amazon, Deals, Startups, Internet Of Things, Internet, Wi-fi, San Francisco, Trends, Tech, Broadband, Netflix, Routers, Iot, Smart Home, Seattle, Connected Home

May Mobility Snags $22M Investment, Will Expand to New Cities in ’19

May Mobility, an Ann Arbor, MI-based startup developing self-driving shuttles, today announced that it has raised a $22 million Series A funding round. The company has raised approximately $33.5 million since its inception in 2017.The new investment was co-led by Millennium New Horizons and Cyrus Capital Partners, with participation from LG Technology Ventures, Thayer Ventures, and return investors BMW i Ventures, Maven Ventures, Toyota AI Ventures, and Y Combinator. According to a press releas...
Tags: Startups, Y Combinator, Entrepreneurship, Trends, Tech, Vc, Innovation, Venture Capital, Mobility, Bmw, Detroit, Series A, Ann Arbor, Thayer Ventures, National blog main, New York blog main

Neurogene Emerges with $68M to Advance Gene Therapies to the Clinic

Neurogene is breaking into gene therapy with $68.5 million in new funding to support research on experimental treatments for rare, genetic brain disorders, the first of which could start human testing next year.So far, New York-based Neurogene has disclosed two of its preclinical programs. One is a treatment for aspartyglucosaminuria (AGU), an inherited enzyme deficiency that leads to progressive cognitive decline. The other is for Charcot-Marie-Tooth disease (CMT4J), which is caused by mutatio...
Tags: Startups, New York, Drugs, Trends, Investing, Vc, Venture Capital, Biotech, Life Sciences, Clinical Trials, Charcot Marie Tooth, University of North Carolina at Chapel Hill, Gene Therapy, National blog main, New York blog main, New York top stories

Providence St. Joseph Acquires Seattle Blockchain Startup Lumedic

Providence St. Joseph Health said Monday it has acquired Lumedic, a startup developing blockchain-based software aimed at improving how healthcare providers bill for care and manage reimbursements from insurers.The deal, which Providence did not disclose the terms of, marks a rapid path from launch to exit for Seattle-based Lumedic. Michael Nash, the company’s founder and chief product officer, published a Medium post announcing Lumedic to the world just seven months ago.Providence, headquarter...
Tags: Deals, Startups, Trends, Tech, Vc, Software, Bitcoin, Healthcare, Seattle, Blockchain, Providence, Michael Nash, National blog main, Seattle blog main, Seattle top stories, Renton WA

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