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CRISPR Diagnostic Race Heats Up as Sherlock Bio Launches With $35M

The high-stakes race to use CRISPR gene editing technology to create medicines has been underway for years now, and human trials are just starting. But the idea of using CRISPR as a tool to detect and diagnose a disease has been gaining traction, too, and the launch of a new startup today called Sherlock Biosciences marks the latest step.Sherlock has been formed around technologies licensed from the Broad Institute of MIT and Harvard University, dubbed “SHERLOCK” and “INSPECTR,” respectively, t...
Tags: Deals, Startups, Boston, Trends, Vc, Harvard University, Sherlock, Crispr, Illumina, Life Sciences, Jim Collins, Broad Institute of MIT, Jennifer Doudna, Gene Editing, Feng Zhang, David Walt


New Funding for Workplace Software Firms Skedulo and Scope AR

Two young San Francisco companies on Wednesday announced fundraisings to bolster their online services aimed at improving workforce efficiency.—Skedulo, which helps managers schedule assignments for field service personnel, says it raised $28 million in a Series B funding round led by M12, Microsoft’s corporate venture arm. Joining in the round were previous investors Blackbird, a venture capital firm based near Sydney, Australia, and Palo Alto, CA-based Costanoa Ventures. M12 principal Priya S...
Tags: Deals, Startups, Mobile, Microsoft, Workplace, Internet, Entrepreneurship, Funding, San Francisco, Trends, Tech, Unilever, Web, It, Vc, Software


Flagship Reloads With $824M For Latest Growth Capital Fund

Flagship Pioneering, one of the Boston area’s top biotech company creators, has closed a new $824 million fund to help fuel the growth of its startups.The new fund—Special Opportunities Fund II—will complement the cash the firm uses to start its companies, much like the $285 million “Special Opportunities” fund the firm announced in 2016. In a statement, Flagship CEO Noubar Afeyan said the fund will provide “new capital to grow platform companies”—that is, startups based not on a single asset, ...
Tags: Deals, Startups, Boston, Trends, Vc, Life Sciences, Cambridge MA, Atlas Venture, National blog main, Boston blog main, Boston top stories, Denali Therapeutics, Noubar Afeyan, Moderna, Evelo Biosciences, Flagship Pioneering


Bio Roundup: Golumbeski’s Legacy, CRISPR Moratorium, Rebate Week & More

While all eyes in the biopharmaceutical world are currently trained on Bristol-Myers Squibb’s proposal to buy Celgene for $74 billion, it wasn’t that long ago that another company’s gaze was fixed on the Summit, NJ, drug maker.In the early 2000s, before the FDA approved Celgene’s flagship multiple myeloma drug lenalidomide (Revlimid), Novartis (NYSE: NVS considered buying the company. It passed, unwilling to risk billions on an unapproved drug. Those details came from biopharma dealmaker George...
Tags: Deals, Startups, China, Ipo, Cancer, Trends, Investing, Merck, Colorectal Cancer, Multiple Sclerosis, Harvard University, Health Insurance, Astrazeneca, Center For Medicare And Medicaid Services, Fda, National


WI Watchlist: Foxconn Fund, UW Accelerator, MSOE A.I. Hall & More

It’s time to catch up on Wisconsin innovation news:—Jason Franklin will manage the Wisconn Valley Venture Fund, a $100 million fund formed last August by Foxconn Technology Group and three leading Wisconsin businesses and organizations: Advocate Aurora Health, Northwestern Mutual, and Johnson Controls (NYSE: JCI). Foxconn, a Taiwanese manufacturing giant, has said it’s building a massive (and controversial) electronics factory in southeastern Wisconsin.Franklin is a University of Wisconsin-Madi...
Tags: Deals, Startups, Education, Trends, Tech, It, Vc, Software, Healthcare, Nvidia, Wisconsin, Silicon Valley, Andreessen Horowitz, Cleantech, Foxconn, Life Sciences


Toyota Among Investors Backing Airbiquity With $15M for Vehicle Tech

Airbiquity, a Seattle-based developer of connected vehicle systems powering navigation, entertainment, and other software in cars, has raised $15 million in new financing from three Japanese automotive corporations, the company announced Monday.The investors that participated in the equity funding round are Denso Corp., Toyota Motor Corp. (NYSE: TM), and Toyota Tsusho Corp, which supports Toyota Motor’s automobile business, including the integration of Internet-connected technologies and device...
Tags: Deals, Startups, Transportation, Cars, Trends, Tech, Vc, Automotive, United States, AT&T, Autos, Mobility, Toyota, Autonomous Vehicles, Self-driving Cars, Seattle


Vtrus Gets $2.9M For Drones That Inspect Indoor Industrial Equipment

Vtrus, a Seattle-based startup developing drones designed to autonomously inspect equipment in factories and other indoor settings, has raised more than $2.9 million to support its commercialization efforts, according to a regulatory filing.Nine investors participated in the equity funding round, the filing shows.Reached by phone on Thursday, a spokesperson for Vtrus declined to comment on the startup’s technology, timeline for reaching the market, or plans with the new cash.Many people first l...
Tags: Deals, Startups, Cloud, Facebook, Photography, Video, Maps, Cloud Computing, Wi-fi, Trends, Tech, Vc, Cameras, Drones, Vr, Oculus


Bright Cellars Uncorks $8.5M Round for Wine Subscription Service

A few years ago, the frothiest market in tech was arguably startups selling subscriptions to boxes of curated goods, such as clothing, beauty products, and food, which would arrive on customers’ doorsteps each month.The buzz around this area of e-commerce may have subsided a bit, but there are still a ton of box subscription startups plugging away. One of them, five-year-old Bright Cellars, apparently has amassed enough traction to score a fresh round of venture funding. The Milwaukee-based sta...
Tags: Deals, Startups, Milwaukee, Trends, Tech, Mit, Vc, Software, Aol, Wisconsin, Revolution Ventures, Steve Case, National blog main, Boston blog main, Xperience, San Francisco blog main


Knock Nabs $10M in Bid to Become the Opentable of Apartment Leasing

People in the market to rent an apartment have plenty of options for contacting property managers, from phone calls to e-mail messages and live chats hosted on their websites. A Seattle-based startup, Knock, says it can help managers track the range of these communications with prospective tenants by storing them on a single digital platform.On Thursday, Knock announced it has raised $10 million to support its continued growth. Madrona Venture Group, which is also headquartered in Seattle and h...
Tags: Deals, Startups, Real Estate, Renting, Housing, Trends, Tech, Vc, Software, SaaS, Apartments, Seattle, Rentals, Madrona Venture Group, Opentable, Property Management


Beam Brings In $135M to Turn CRISPR Base Editing into Drugs

Beam Therapeutics made a splash last year when it launched with $87 million to develop medicines that use a more precise form of CRISPR editing. Beam’s promise of CRISPR-based therapeutics that swap out specific bases or “letters” in the genome—something the current generation of CRISPR-based drugs can’t do—has been so enticing to investors that they have put in $135 million in a Series B investment less than a year after the first funding round.CRISPR-Cas9 gene editing, which just last month e...
Tags: Deals, Startups, Boston, Trends, Venture Capital, Biotech, Crispr, Series B, Life Sciences, Broad Institute, Beam, Gene Editing, John Evans, National blog main, Boston blog main, National top stories


Tasso Gets $6M For Device That Lets Users Self-Collect Blood Samples

Tasso, a Seattle-based startup that is developing an at-home blood sample collection device, announced Tuesday it has raised $6.1 million from investors. The new money will support its effort to launch sales of the device, Tasso OnDemand, in the coming months, and to add staff, Tasso says.Vertical Venture Partners, a Silicon Valley-based investment fund, led the funding round, Tasso says. Other participants included Techstars and Cedars-Sinai, a Los Angeles-based network of hospitals and clinic...
Tags: Deals, Startups, Los Angeles, Trends, Department Of Defense, Vc, Darpa, Food And Drug Administration, Silicon Valley, National Institutes of Health, Fda, Biotech, Seattle, Nih, TechStars, Life Sciences


WI Watchlist: Kauffman Ranking, Driverless Shuttles, Space Research

Here are some of the latest headlines from Wisconsin’s innovation community:—Well, it’s not last place, but it’s still not a great showing for Wisconsin in the latest assessment of entrepreneurial activity in each state by the Ewing Marion Kauffman Foundation. Wisconsin ranked 45th in the foundation’s “early-stage entrepreneurship index” , which examined a variety of data from 2017. The index is a modified version of the group’s annual national entrepreneurship report, which went on hiatus las...
Tags: Deals, Startups, Space, Jobs, Entrepreneurship, Trends, Tech, It, Nasa, Vc, Software, M&a, Wisconsin, Autonomous Vehicles, Self-driving Cars, Driverless Cars


With New Cash, iUNU to Help More Greenhouses Monitor, Manage Plants

People in the Pacific Northwest who grow plants in greenhouses and nurseries face good odds of turning a profit on their 2019 harvests, according to Spokane, WA-based Northwest Farm Credit Services, which supports farmers, ranchers, and other agribusiness in the region.This positive outlook comes thanks to steady demand for crops, a strong U.S. economy, and a booming housing market, and the trend could even compel some greenhouse operators to invest in new equipment and technology. One startup ...
Tags: Deals, Startups, Trends, Tech, Vc, Software, Agriculture, Seattle, Pacific Northwest, Farms, Agtech, Greenhouse, Spokane WA, National blog main, Seattle blog main, Seattle top stories


Cybersecurity on Tap: Agenda for Cyber Madness in Boston April 8

When it comes to cybersecurity, no one has all the answers. The best anyone can do is try to fend off cyber attacks with the latest technology and strategies, learn from their successes and failures, and maybe even share their experiences for the benefit of others.That last point is the goal of “Cyber Madness: Case Studies in Security,” a half-day forum Xconomy will host April 8 at EY’s offices in Boston’s Back Bay neighborhood. We’re assembling leading cybersecurity experts from New England an...
Tags: Deals, Startups, Mobile, Apps, Internet Of Things, Boston, Connected Devices, Trends, Tech, It, Cybersecurity, Vc, Software, Healthcare, M&a, Iot


Bio Roundup: Pharma in DC, Bristol-Cel in Trouble, Roche Gets A Spark

Could a shareholder revolt doom the planned marriage of Bristol-Myers Squibb and Celgene? Analysts have hinted at the possibility since the two companies shook hands in January, but the threat became real this week.Bristol (NYSE: BMY) and Celgene (NASDAQ: CELG) have campaignned heavily, starting with a joint presentation by their CEOs at the J.P. Morgan Healthcare Conference in January. Celgene drugs that should come to market the next two years will unlock $15 billion in annual revenue. The co...
Tags: Deals, Startups, Ge, Trends, Merck, Vc, Astrazeneca, Fda, National, Bristol, Novartis, Pfizer, Life Sciences, Clinical Trials, Celgene, Amgen


7 Tips for Biotech Companies Seeking Capital in a Volatile Market

Last year was a remarkable year for biotech companies going public. Not only did an unusually large number of biotech companies go public, but a significant number of early-stage biotech companies went public at premium valuations relative to their later-clinical stage peers.There were approximately 58 biotech IPOs in 2018 (excluding offerings with under $25 million of proceeds) for total gross proceeds of $6.3 billion [1], of which a significant number were early-stage companies — either in pre...
Tags: Deals, Startups, Legal, Law, Trends, Strategy, IPOs, National, Biotech, Financing, Investors, Life Sciences, Boston Xcon, Boulder/Denver Xcon, Detroit Xcon, National Xcon


Blue-Collar Career Site Jobcase Raises $100M to Advocate for Workers

The social-media jobs platform Jobcase is raking in $100 million in growth funding to expand its blue-collar-oriented workforce site into a place where employees not only can host their qualifications but also can organize and advocate for better treatment from employers.Jobcase founder and CEO Fred Goff says the Cambridge, MA-based startup wants workers’ reviews of local employers to nudge how prospective workers apply to the firms, as well as how consumers view the companies.“Capitalism is a ...
Tags: Deals, Career, Startups, Uber, Jobs, Boston, Massachusetts, Trends, Social Media, Linkedin, Tech, Walmart, Vc, Venture Capital, Cambridge, Houston


Blackstone, Novartis Start Up Anthos With $250M and a Heart Drug

Blackstone Life Sciences, the biopharma investing arm of private equity firm Blackstone Group, has made its first strike. It has joined with Novartis (NYSE: NVS) to start a new biotech, Anthos Therapeutics, backed with $250 million in cash and rights to an experimental drug originally discovered by the Swiss firm.The Cambridge, MA, startup, Anthos Therapeutics, will use the investment to advance MAA868, a Novartis antibody drug that is meant to treat blood clots by targeting two clotting protei...
Tags: Deals, Startups, Boston, Trends, Vc, Novartis, Biotech, Life Sciences, Blackstone Group, Cambridge MA, National blog main, New York blog main, New York top stories, Boston blog main, National top stories, San Francisco blog main


Ginkgo’s Motif Launches with $90M for Animal-Free Meat & Milk Proteins

Plant-based foods and beverages are getting more grocery store shelf space as consumers increasingly shop for meat and milk alternatives. But these products typically carry premium prices because making proteins in a lab is still far more expensive than conventional agriculture.Motif Ingredients says it can use biotechnology and fermentation to develop proteins that are more affordable and scaleable than those in other meat and milk substitutes. The Boston startup is launching Tuesday with $90 ...
Tags: Deals, Startups, Boston, Trends, Investing, Fda, Biotech, Synthetic Biology, Ginkgo Bioworks, Impossible Foods, Beyond Meat, Cb Insights, Life Sciences, Tom Hayes, Microbes, Archer Daniels Midland Company


Oyster Point Gets $93M To Clear Up Dry Eye With a Nasal Spray

Dry eye disease affects millions of people in the U.S., and while several treatments, mostly eye drops, are available, they all have flaws. An emerging startup called Oyster Point Pharmaceuticals is trying a completely different approach—a nasal spray that coaxes the body into making tears. And the company just got enough cash to get that treatment to market, if its final clinical tests are a success.Oyster Point, a Princeton, NJ startup led by former Ophthotech (NASDAQ: OPHT) executive Jeffrey...
Tags: Deals, Startups, New York, Trends, Vc, Allergan, Shire, New Enterprise Associates, Life Sciences, Ophthotech, Princeton NJ, Versant Ventures, National blog main, New York blog main, New York top stories, Seattle blog main


WI Watchlist: Rockwell, Wellbe, Generac, API Healthcare & More

Here’s a roundup of recent news from Wisconsin’s high-tech industries:—Rockwell Automation (NYSE: ROK), the Milwaukee-based seller of hardware and software that enables industrial automation, is forming a joint venture with Houston-based Schlumberger (NYSE: SLB), a maker of products for drilling and other tasks in the oil and gas industry. The new venture, called Sensia, plans to sell software-based automation products and services aimed at helping oil and gas customers improve their operationa...
Tags: Deals, Startups, Internet Of Things, Fashion, Ge, Milwaukee, Connected Devices, Trends, Tech, It, Vc, Software, Healthcare, M&a, Wisconsin, Iot


Bio Roundup: NASH News, Merck Strikes, Digital Tokens & More

The growing epidemic of the fatty liver disease known as NASH, which has no FDA-approved treatment, has led to a frenzied race among drug companies. This week, one company, Intercept Pharmaceuticals, solidified its lead. But how much will being first to the finish line mean when all is said and done?Intercept (NASDAQ: ICPT) reported interim data from a Phase 3 study showing its drug, obeticholic acid (OCA), reduced liver scarring in NASH patients. The results should be enough to support an appr...
Tags: Deals, Startups, Drugs, Cancer, Trends, Investing, Merck, Leukemia, Acne, Inflammatory Bowel Disease, Xerox, Astrazeneca, Fda, National, Pfizer, Abbvie


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


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


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


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


Endeavor Robotics Sold for $385M in Deal with Oregon’s FLIR Systems

Endeavor Robotics, a military robot-maker based in Chelmsford, MA, is being bought by FLIR Systems for $385 million in cash, the companies announced Monday. Wilsonville, OR-based FLIR said the deal will bolster its growing unmanned systems business at a time when the U.S. military is increasingly planning on a robot-aided future.FLIR (NASDAQ: FLIR)—which primarily makes thermal imaging cameras and other sensors—is buying Endeavor from Arlington Capital Partners, the Maryland-based private equit...
Tags: Deals, Security, Startups, Maryland, Oregon, Boston, Defense, Sale, Trends, Tech, It, Vc, Robots, Portland, Venture Capital, Private Equity


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


AbbVie Joins Myeloma Race with $90M Deal for Rights to Teneobio Drug

AbbVie is paying $90 million up front for rights to a multiple myeloma drug from Teneobio that’s now being prepared for tests in humans.The Teneobio drug, TNB383B, is the first to come out of the labs of the Menlo Park, CA, biotech. Under the deal, AbbVie has the right to develop the drug after it completes Phase 1 testing. AbbVie would pay milestones pegged to the progress of the drug, plus royalties if it reaches the market. Additional details of those payments weren’t disclosed.Teneobio alre...
Tags: Deals, Startups, Drugs, Cancer, San Francisco, Trends, Investing, GlaxoSmithKline, Abbvie, Biotech, Life Sciences, Clinical Trials, Celgene, Amgen, American Cancer Society, Janssen


Stably Tacks on $1.2M to Reduce Volatility in Digital Currencies

Stably, a Seattle-based startup developing a service it claims can reduce investors’ exposure to volatility in Bitcoin and other digital currencies’ values, on Thursday announced it has raised $1.2 million in new funding to support Stably’s growth.Digital currencies, or cryptocurrencies, have attracted significant investor attention and news coverage in recent years. One reason is more mainstream retailers have begun allowing consumers to purchase goods and services using digital currencies suc...
Tags: Deals, Startups, Digital, Trends, Tech, Vc, Bitcoin, Seattle, Cryptocurrencies, Ethereum, Blockchain, Digital Currencies, Donuts, USDS, National blog main, Seattle blog main



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