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CommonGrounds Raises $100M to Open More New Flexible Office Spaces

Billions of dollars have already flowed to the purveyors of shared workspaces, and the investment spigot isn’t turning off yet.CommonGrounds Workspace, a San Diego, CA-based company that operates flexible office spaces in California and Colorado today, announced Wednesday that it had raised $100 million in a Series A financing to expand its lineup to roughly 50 sites during the next two years.The company says the new money comes from three investors: CommonGrounds’s seed-stage backer, a local r...
Tags: Deals, Facebook, Real Estate, Microsoft, Developer, Colorado, California, Funding, Trends, Tech, Nike, Development, Cigna, Venture Capital, San Diego, WeWork


Bio Roundup: #JPM19 Notes, Loxo Buyout, Black Diamond’s Cash & More

Diabetes drugs are Eli Lilly’s bread and butter, but the pharmaceutical giant hasn’t lost its appetite for cancer drugs. It grabbed hold of a few more this week by betting $8 billion on Loxo Oncology.Loxo (NASDAQ: LOXO) has made a name for itself by becoming one of just two companies ever to earn an FDA approval for a drug that targets a tumor’s DNA fingerprint, no matter where in the body that cancer is found. The drug, larotrectinib, targets rare tumor abnormalities known as NTRK fusions. The...
Tags: Deals, Startups, Ipo, Cancer, Trends, Medicare, SEC, Fda, National, GlaxoSmithKline, Allergan, Shire, Biotech, Medical Device, Postpartum Depression, Bernie Sanders


Online Tech Expands Cloud, Data Services with Neverfail Acquisition

Online Tech, the Ann Arbor, MI-based provider of cloud services, beefed up its capabilities last month when it acquired the infrastructure-as-a-service and data protection businesses of Neverfail, an IT company located in Austin, TX. The terms of the deal were not disclosed.Online Tech CEO Brad Cheedle says his company offers managed services around cloud computing. The company’s service include assessing if a customer is cloud-ready or migrating their data to the cloud, Cheedle says. “Companie...
Tags: Deals, Startups, Entrepreneurship, Cloud Computing, Trends, Tech, It, Software, Austin, Innovation, Data Protection, Detroit, Infrastructure As A Service, Ann Arbor, National blog main, Texas blog main


Big Deals, Life Sciences Push U.S. VC in 2018 to Dot-Com Boom Levels

Venture capital investments rose in 2018 to levels not seen since the heady days of 2000, the last year U.S. startups collectively took in more than $100 billion.That’s according to PitchBook and the National Venture Capital Association’s Venture Monitor report, released this week, which tallied nearly 9,000 deals made last year, through which venture investors sunk $130.9 billion into companies. That was about 500 fewer deals than in the year prior, but the total amount invested increased by $...
Tags: Deals, Startups, Lyft, Uber, Entrepreneurship, Funding, Trends, Vc, Software, Pwc, Venture Capital, Angel, National, WeWork, Magic Leap, Biotech


Microsoft, Kroger Advance Grocery Tech to Fend Off Amazon

From the cloud on down to the floors of supermarkets, the rivalry between Microsoft and Amazon spans many sectors in software, gadgets, and increasingly, retail.The Seattle-area tech giants are battling—both with one another, and other competitors—to further digitize grocery shopping. The latest salvo came on Monday from Microsoft (NASDAQ: MSFT), which announced new details of its partnership with Kroger (NYSE: KR), one of the leading grocery store chains in the U.S. The Cincinnati-based grocer...
Tags: Amazon, Deals, Microsoft, Whole Foods, Cloud Computing, Trends, Tech, Amazon Prime, Supermarkets, E-commerce, Software, Grocery Stores, Retail, Seattle, Cincinnati, Kroger


Bio-JPM Roundup: Lilly Buys Loxo, Sage’s Stock Soars, ALS Cash & More

The flow of biotech news is particularly heavy today, and for good reason. The annual J.P. Morgan Healthcare Conference, one of the biggest gatherings for the biopharmaceutical industry, kicked off today in San Francisco, and many companies, whether they’re speaking at the event or not, use this time to get their news out.Xconomy is on the ground covering the conference this week. In the meantime, here’s a short roundup of biotech news announced today.DEALS AND DATA—Eli Lilly (NYSE: LLY) is pay...
Tags: Deals, Startups, San Francisco, Trends, Investing, Vc, Venture Capital, Fda, National, GlaxoSmithKline, Biotech, Postpartum Depression, Life Sciences, Clinical Trials, Celgene, Gilead Sciences


From Alnylam to Zayner: Xconomy’s Top Innovation Stories of 2018

2018 was a year of ups and downs for the business and technology community. It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. Venture funding remained strong, but more money went to fewer (and later-stage) companies overall. As the year winds down, we’re reflecting on the big innovation trends and developments that will carry over to next year.Storylines in various sectors helped shape the overall narrative in 2018. Cell and gene therapies, cancer immun...
Tags: Deals, Startups, Technology, Cloud Computing, Trends, Tech, IPOs, It, People, Cybersecurity, Analysis, Vc, Software, Bitcoin, Bill Gates, Innovation


CFOs: Prepare To Become Your Company’s Data Czar This Year

In mid-2018, Tom Bogan was the leader of business planning software company Adaptive Insights as it planned its own next steps. The Palo Alto, CA-based company was on the point of raising about $115 million in a June IPO that would have set its market value at around $705 million, according to PitchBook.But like Dustin Hoffman in “The Graduate,” the big enterprise software company Workday lured Adaptive Insights away from the IPO altar with a more attractive deal—a $1.55 billion acquisition off...
Tags: Deals, Startups, Cloud, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Web, It, Excel, Software, Data Science, Innovation


RiverVest Venture Closes $184M Fund for Backing Healthcare Ventures

RiverVest Venture Partners, a St. Louis, MO-based venture capital firm with additional offices in San Diego, CA, and Cleveland, OH, has raised $184.4 million for its fourth fund dedicated to investing in healthcare companies.Since its launch, RiverVest has invested in 47 companies working to develop new drugs and medical devices. Nearly half of the businesses in its portfolio have either been acquired or gone public, according to RiverVest.Among the notable exits was San Diego’s Lumena Pharmace...
Tags: Deals, Money, Trends, Vc, Venture Capital, San Diego, Astrazeneca, Biotech, Medical Device, Life Sciences, Abbott Laboratories, San Diego CA, St Louis MO, Cleveland OH, Cambridge Associates, ZS Pharma


Pfizer, GSK to Merge Consumer Health Units, Focus on Prescription Drugs

Two of the world’s top drugmakers want to focus on making prescription drugs. Pfizer and GlaxoSmithKline have agreed to merge their consumer health businesses and spin them off into a joint venture, a move that will both create a new consumer healthcare giant and increase the pressure on each company to churn out innovative medicines.GSK (NYSE: GSK) will hold 68 percent of the new company, with Pfizer (NYSE: PFE) getting the remaining 32 percent. The combined company will have some $12.7 billio...
Tags: Deals, Drugs, Trends, National, GlaxoSmithKline, Novartis, Pfizer, Vaccines, Pharma, Life Sciences, GSK, National blog main, New York blog main, Seattle blog main, Boston blog main, National top stories


Graphcore Scores $200M to Scale Up A.I. Chip Production

One of the leading contenders in the A.I. chip race, Graphcore, announced Thursday it pulled down $200 million in a Series D fundraising round that set its valuation at $1.7 billion.The Bristol, UK-based startup, founded in 2016, has now secured a total of more than $300 million in financing from venture capital firms and other investors including Microsoft and the corporate venture arms of BMW and Dell Technologies.Graphcore’s big haul is a notable milestone in the recent revival of investor i...
Tags: Google, Deals, Startups, Facebook, Hardware, Microsoft, Internet, Entrepreneurship, Softbank, Funding, Samsung, San Francisco, Trends, Tech, It, Mit


Bio Roundup: Eli Lilly Tries Tau, Generic Insulin, NASH Cash & More

Pharmaceutical industry critics lament the cost of rare disease drugs, but some of the steepest price hikes have come on widely used insulin.The patent holder, the University of Toronto, gave companies the right to manufacture insulin. But the university also allowed them to patent the improvements they made, which enabled them to slap higher prices on each new version.In the nearly 100 years since insulin’s discovery, no generic version has become available in the U.S. to offer competitive pri...
Tags: Deals, Startups, Breast Cancer, Washington, Ipo, Cancer, Trends, Investing, Diabetes, Schizophrenia, Venture Capital, Addiction, Fda, National, Novartis, Biotech


Udacity Achieves 50,000 Nanodegree Grads Amid Company Reorganization

Udacity, a pioneer in the online teaching of IT skills, is celebrating a milestone today—50,000 students have now graduated from one of its revenue-generating “Nanodegree” programs.Launched four years ago, the Nanodegree courses allow students worldwide to gain expertise in areas such as data analytics, machine learning, and autonomous flight engineering by completing coursework that can take as little as six months.In a blogpost touting student successes, Udacity co-founder Sebastian Thrun (pi...
Tags: Google, Amazon, Deals, Startups, Mobile, Facebook, Lyft, Hardware, Talent Gap, Education, Microsoft, Workplace, Internet, Entrepreneurship, Funding, San Francisco


Female-Centric Coworking Firm The Riveter Raises $15M to Fuel Growth

The outlook appears to be rosy for The Riveter.The Seattle-based startup, which bills itself as a “membership network built by women, for everyone,” says it has raised $15 million in new funding.The Riveter, which launched in May 2017, operates coworking spaces and organizes events and workshops for its members and the public. It currently has three locations in its home city and two in Los Angeles, and plans to use some of the proceeds from the new funding round to expand to other parts of the...
Tags: Deals, Startups, California, Entrepreneurship, Los Angeles, Trends, Vc, WeWork, Seattle, Madrona Venture Group, Regus, PitchBook, JLL, National blog main, Seattle blog main, Seattle top stories


Dell Sets Return to Public Market With Shareholder OK of VMware Deal

Austin—Dell Technologies is on its way to becoming a public company again. Shareholders of a stock that’s linked to Dell subsidiary VMware approved a plan for Dell to buy out the stock, allowing it to return to the public market.Dell, based in Round Rock, TX, announced Tuesday that 61 percent of the shareholders of the so-called “tracking stock” voted in favor the deal. (About 89 percent of shareholders voted.) The stock, traded as DMVT, was issued when Dell acquired storage giant EMC in 2016 f...
Tags: Deals, Texas, Hardware, Server, Ipo, Cloud Computing, Trends, Debt, Hp, Bloomberg, Shares, Computer, Software, Austin, Michael Dell, M&a


IPOs Will Strip Veils From Uber & Lyft’s Financials, Strategies

The IPO of any private company comes as the resolution of a mystery, as closely-held details about its financial performance and strategies are revealed. But the suspense is heightened in the case of San Francisco-based companies Uber and Lyft, which pioneered the huge ride-hailing industry but have yet to come close to turning a profit. Market observers may be awaiting their disclosures as eagerly as political junkies longing to learn the findings of Robert Mueller’s investigation of President...
Tags: Deals, Startups, Transportation, Mobile, Lyft, Uber, Hardware, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Web, It, Vc


Bio Roundup: ASH Wrap, CRISPR Baby Fallout, Moderna’s Record IPO

The biggest yearly meeting for blood disease research has come and gone, and yet the stories to come out of the American Society of Hematology’s gathering in San Diego represent just a fraction of what happened in biopharma this week.Even if ASH wasn’t on your radar, the CRISPR baby saga—the apparent birth of gene edited twin girls in China that shocked the life sciences world a few weeks ago—rolled on. One massive buyout was signed, and another even bigger one inched closer to being finalized....
Tags: Deals, Startups, China, Ipo, Trends, IPOs, People, Vc, Adhd, San Diego, Astrazeneca, Fda, National, GlaxoSmithKline, Novartis, Ash


15Five Lands $8M to Provide Coaching Software to More Managers

[Updated 12/4/18 9:20 am. See below.] San Francisco-based performance management startup 15Five, whose mission is to torpedo annual performance reviews for workers and replace them with supportive weekly coaching by managers, announced today it raised $8 million in a Series A funding round.15Five gets its name from the feedback and coaching process that its software turns into a consistent routine. Employees use the system to create and share a 15-minute check-in report with their bosses every ...
Tags: Deals, Startups, Spotify, Microsoft, Workplace, Internet, Entrepreneurship, Funding, San Francisco, Trends, Linkedin, Web, It, Vc, Software, Employees


Volvo Expands In Silicon Valley As Auto Innovation Goes West

As GM announced a wave of auto plant closures in the North American heartland this week at the cost of thousands of jobs, Sweden’s Volvo Cars was expanding its U.S. presence, both in Silicon Valley and at a new South Carolina factory.Like Detroit-based GM (NYSE: GM), which is shifting its attention from traditional auto manufacturing to projects like its self-driving car unit Cruise—a San Francisco startup GM bought in 2016—Volvo Cars is one of the flock of established carmakers drawn to the Ba...
Tags: Google, Amazon, Deals, Startups, Mobile, Uber, Hardware, Sweden, Internet, Entrepreneurship, Accidents, Funding, San Francisco, Trends, E-commerce, Web


Bio Roundup: CRISPR Babies, Blood Diseases, Big Cancer Nod & More

This was one of those weeks when the world seemed to slip into a new era with no going back. A Chinese researcher, He Jiankui, claimed he helped bring to life two genetically engineered babies, twin girls with a gene disabled to make them immune to HIV infection. Even though the technology He used—in vitro fertilization, CRISPR-Cas9 gene editing, deep sequencing—has been in place for some time to attempt the creation of a gene-altered human, the scientific world hoped for three years that self-...
Tags: Deals, Hong Kong, Scandal, White House, China, Trends, Investment, Fail, People, Vc, Leukemia, Lung Cancer, Ireland, Venture Capital, Genomics, Private Equity


Plant-Based Burger Maker Beyond Meat Cooks Up Plans for an IPO

We’ll soon find out if Wall Street has the appetite for investing in alternative meat technology.Beyond Meat, a maker of plant-based meat products, has filed for an IPO. The El Segundo, CA-based company set a preliminary target of $100 million for the stock offering, a figure that will likely change as the company moves closer to its stock market debut. Beyond Meat has applied for a Nasdaq listing under the stock symbol “BYND.”Investors are still sizing up Beyond Meat, but the brand has become ...
Tags: Deals, Startups, Whole Foods, Ipo, Trends, Investing, Venture Capital, National, Nasdaq, Cleantech, Obvious Ventures, Impossible Foods, Beyond Meat, Kroger, University of Missouri, Wegmans


Universal Robots Hires Former Rethink Robotics Workers After Closure

A little more than a month after Rethink Robotics shut down, a competitor has hired more than 20 of the Boston-based firm’s former employees.Universal Robots, a Denmark-based maker of collaborative industrial robots, announced Tuesday it has brought on key Rethink personnel, primarily in engineering and product development. The hires include former Rethink chief operating officer Jim Lawton, who will serve as Universal’s vice president of product management and marketing, a spokesperson said in...
Tags: Deals, Startups, Boston, Trends, Tech, Automation, Denmark, Universal, Manufacturing, Factory, Irobot, Teradyne, Universal Robots, Rodney Brooks, National blog main, New York blog main


Apptio Sells to PE Firm Vista Equity for $1.94B Two Years After IPO

Apptio is being taken private by investment firm Vista Equity Partners in a $1.94 billion acquisition.Founded in Bellevue, WA, in 2007, Apptio (NASDAQ: APTI) helps corporate leaders track and manage IT spending. in 2016 with a $96 million IPO, and has recently been acquiring other businesses. It bought FittedCloud, a Boston-based developer of cloud optimization software, for an undisclosed price last month. In February, Apptio paid $42.5 million in cash and stock for Digital Fuel, a Los Angel...
Tags: Apple, Deals, Cloud, Adobe, Ipo, Cloud Computing, Boston, Los Angeles, Trends, Data, Analytics, It, Vista, Vc, Information Technology, Software


Bio Roundup: Midterm Fallout, Alzheimer’s Search, Postpartum Panel

There was plenty at stake in this week’s midterm elections, and not just in terms of political wins and losses. With congress now divided—Democrats took back control of the House and Republicans extended their majority in the Senate—the implications are significant for U.S. healthcare. Just a day after the results, for instance, Senate Majority Leader Mitch McConnell said the GOP would abandon its long-running quest to sink the Affordable Care Act. The reverberations are sure to affect other as...
Tags: Deals, Startups, Senate, Trends, Lung Cancer, Gop, House, Affordable Care Act, Mitch McConnell, Astrazeneca, Medicare, Alzheimer's, Fda, National, Novartis, Parkinson's Disease


Boston’s Salsify Buys Austin Maker of E-Commerce Chat Tools

Salsify, a maker of e-commerce software, has acquired Welcome Commerce, an Austin-based developer of chat technology.Boston-based Salsify sells technology that helps retail brands like Michelin   and Anheuser-Bush manage their products across e-commerce platforms such as Amazon (NASDAQ: AMZN) , Walmart (NYSE: WMT) , or Target (NYSE: TGT) . Adding Welcome’s chat technology “is a logical extension” of that mission, says Jason Purcell, Salsify’s co-founder and CEO.“In addition to helping brands...
Tags: Amazon, Deals, Cyber Monday, Startups, Boston, Funding, Trends, Investment, Walmart, E-commerce, People, Vc, Software, Austin, Innovation, Venture Capital


Rainwater Foundation Deploys Millions Toward Rare Brain Disease, PSP

Dallas — A foundation started by a Texas billionaire announced Tuesday it will offer millions of dollars in awards to scientists who research neurodegenerative diseases such as Alzheimer’s and progressive supranuclear palsy.The Rainwater Charitable Foundation, which was founded in the 1990s by billionaire investor Richard Rainwater, announced it will start to offer in 2019 an annual award of $250,000 to an investigator that contributes to the understanding of diseases that may be impacted by ta...
Tags: Deals, Texas, Drugs, Trends, Merck, Alzheimer's Disease, Dallas, Alzheimer's, Fda, Immunotherapy, Abbvie, Immunology, Fort Worth, Bass, Billionaire, Life Sciences


Esperanto Reaps $58M to Speed Development of Its AI Chip

Esperanto Technologies, a startup AI chip developer that has operated mostly below the radar since its founding in 2014, announced this week that it raised $58 million in a Series B fundraising round.Mountain View, CA-based Esperanto is vying with a host of competitors to create new processors for high-order tasks like machine learning and deep learning, while also minimizing power consumption. The field includes big semiconductor companies like Nvidia and tech giants like Google and Facebook, ...
Tags: Google, Deals, Startups, Mobile, Facebook, Hardware, Internet, Entrepreneurship, Funding, San Francisco, Trends, Web, It, Intel, Vc, Software


Esperanto Reaps $58M To Speed Development of Its 7nm AI Chip

Esperanto Technologies, a startup AI chip developer that has operated mostly below the radar since its founding in 2014, announced this week that it raised $58 million in a Series B fundraising round.Mountain View, CA-based Esperanto is vying with a host of competitors to create new processors for high-order tasks like machine learning and deep learning, while also minimizing power consumption. The field includes big semiconductor companies like Nvidia and tech giants like Google and Facebook, ...
Tags: Google, Deals, Startups, Mobile, Facebook, Hardware, Internet, Entrepreneurship, Funding, San Francisco, Trends, Web, It, Intel, Vc, Software


Scaleworks Sells Source Code Manager Assembla to Houston’s Idera

San Antonio—Scaleworks business Assembla has sold for an undisclosed price to Houston-based Idera, a company that owns various business-to-business, developer-focused software companies.San Antonio-based Assembla sells a service that helps developers access the code they use to build software, which is often stored in repository managers, such as Git, Perforce, and NextGen SVN. Assembla was founded in 2005 and has more than 500 customers in 157 countries, including Deutsche Telekom, Bayer, Kell...
Tags: Apple, Deals, Cloud, Texas, Microsoft, Developer, Cloud Computing, Disney, Sale, Trends, Development, It, Vc, Software, Deutsche Telekom, Venture Capital


Cloud Leaders Shrug at IBM’s $34B Red Hat Deal

In some ways, the biggest software acquisition of all time could be a yawner.IBM’s planned $34 billion deal to acquire open-source software maker Red Hat is a hefty price to pay to give its cloud computing business a shot in the arm. But even if the purchase ultimately boosts IBM’s bottom line, some cloud technology executives and investors are wondering whether it will have any transformative effects on the sector.Scooping up Raleigh, NC-based Red Hat (NYSE: RHT) could make IBM (NYSE: IBM) mor...
Tags: Google, Amazon, Deals, Startups, Open Source, Cloud, New York, Microsoft, Trends, Tech, It, Software, New Relic, Hortonworks, M&a, Ibm



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