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Outdoorsy’s Big Haul & Other Startup Fundraising in TX Tech News

Let’s catch up with the latest innovation news in Texas.—TeVido, an Austin biotech, has raised $1.2 million to help fund a new facility in which the company can use a patient’s own cells to create personalized pigment cell grafts to treat vitiligo, a loss of skin color that affects about 1 percent of the world’s population. Investors included the Texas Halo Fund, the Central Texas Angel Network, and Life Science Angels. TeVido, which is commercializing technology from the University of Texas at...
Tags: Texas, Breast Cancer, Funding, Trends, Tech, Investment, E-commerce, App, Online, Vc, Commercialization, Austin, Venture Capital, Dallas, SEC, Houston


What’s Your Emergency? Law Enforcement’s Increasing Interest in Tech

Fort Worth, TX—Data analytics and visual search technologies are increasingly being used by law enforcement agencies, growth that has captured the attention of tech giant Motorola.The Chicago-based tech company, which has long sold narrow-band radios to law enforcement, has been building its arsenal of software and camera technologies through a series of acquisitions. The latest by Motorola Solutions (NYSE: MSI) was a $445 million purchase last week of Vaas, a Fort Worth, TX-based maker of imag...
Tags: Startups, Mobile, Motorola, Apps, 911, Police, Trends, Tech, Analytics, People, Cybersecurity, Law Enforcement, Broadband, Software, Chicago, South Africa


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


Austin’s Media Tech Incubator Readies for First Group of Startups

Austin—An incubator for startups that are developing a media product is in its final week of accepting applications.Called Collective, the incubator is focused on startups that are working on innovating the media space, which includes augmented and virtual reality, publishing, news, public relations, video games, music, sound, film, marketing, advertising, radio, and podcasting, the group says. The incubator is a part of the Austin Community Foundation, a nonprofit philanthropy organization, an...
Tags: Startups, Accelerator, Publishing, Music, Texas, News, Media, Video Games, Film, Incubators, Advertising, Marketing, Trends, Social Media, Startup, Public Relations


A VC’s Take: Global Volatility Hurts U.S. Venture Ecosystem

As Xconomy’s editors looked back at the year just passed, we asked technology leaders to comment on the trends they’d observed in 2018, and the developments they expected in 2019. Some leaders responded with their views on the business impact of the Trump era, pointing to specific policy positions such as tax code revisions, curbs on immigration, and the decision by federal regulators to roll back net neutrality requirements on telecom carriers.Alex Niehenke, a partner at Foster City, CA-based ...
Tags: Startups, Mobile, Hardware, Net Neutrality, Internet, Entrepreneurship, China, Russia, Funding, Immigration, San Francisco, Trends, Tech, Investment, Eu, Web


Austin’s Localeur, Millennial-Focused Travel Startup, Hits 100 Cities

Austin—Localeur, a travel recommendation startup, is celebrating its (nearly) fifth anniversary by announcing its 100th city.The Austin startup focuses on recruiting a group of local residents who can provide insider information on each travel destination. The “localeurs”—a portmanteau of local and connoisseur—are millennials catering to the tastes of their own. Localeur made its debut in 2013 at South By Southwest with Austin as its first city and then expanded to San Francisco, New York, and ...
Tags: Travel, Apps, Texas, Instagram, Tinder, Funding, Los Angeles, Trends, Tech, Diversity, Investment, Vc, Austin, Innovation, Millennials, Venture Capital


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


Uncertainty Grows for Biotech as Government, FDA Shutdown Drags On

The partial government shutdown could soon become the longest shutdown in history, and biotech firms that have submitted regulatory filings are facing greater uncertainty about their future plans. More than 40 percent of FDA workers and thousands at the SEC are furloughed, and FDA Commissioner Scott Gottlieb is resorting to Twitter to post updates about how his agency is using its fast-dwindling funds. Here’s a roundup of how the partial government shutdown is affecting the FDA.On Tuesday, Gott...
Tags: Startups, Ipo, Trends, SEC, Fda, National, Biotech, Government Shutdown, Shutdown, Life Sciences, Clinical Trials, NDA, Gottlieb, Scott Gottlieb, National blog main, New York blog main


FAANG, Public Trust, Valuations, in 2019: The Read from Menlo Ventures

The market caps of some of the most successful tech titans reach as high as $1 trillion. Yet in 2018, perceptions about these dominant companies often reflected uneasiness and doubt—and for some, so did their stock performance.Maybe the mood shift has to do with the fact that the public and government leaders no longer evaluate these tech giants based solely on their spectacular market growth and multi-billion-dollar valuations, but also on the effects of their products, which are woven into al...
Tags: Apple, Google, Amazon, Startups, Facebook, Uber, Microsoft, Privacy, Entrepreneurship, Ipo, Russia, Funding, San Francisco, Trends, Tech, Vc


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


The Power Combo of A.I. Devices with Cloudlets Comes with Cyber Risks

When we have a chance to view it from a distance, the year 2018 may be seen as a period when innovations in a number of technological fields came together to transform not only the future of computing, but also the very structure of the Internet.First, entrepreneurs vying to invent self-driving vehicles, virtual assistants, and intelligent industrial machines created a hunger for more powerful semiconductors that could enable scattered devices to take over sophisticated calculations powered by ...
Tags: Startups, Mobile, Cloud, Hardware, Internet, Entrepreneurship, Funding, San Francisco, Trends, Tech, Web, It, Cybersecurity, Ransomware, Vc, Software


Vade Nutrition Swims Out of MSU and Into “Shark Tank,” Scores $700K

While attending Michigan State University in the mid-2010s, Joe Johnson earned a degree in finance, served as the captain of the school’s wrestling team, and met and married his wife Megan. In between, he found time to dream of starting his own company, but he never imagined he would one day count retired professional baseball player Alex Rodriguez among its backers.It all started when he met Megan, a former cheerleader at the University of Arizona, at a camp for college athletes a few years ag...
Tags: Startups, Entrepreneurship, Trends, Vc, Nutritional Supplements, Innovation, Mark Cuban, Venture Capital, University Of Arizona, Detroit, Alex Rodriguez, Shark Tank, Protein, MSU, Joe Johnson, Megan


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 Immigration to Taxes, Execs Talk Trump Effect on Innovation

When it comes to developing and promoting innovation, external factors beyond the control of company founders, investors, and other business leaders can also determine whether a startup succeeds or fails.In 2018, geopolitical events—in particular, President Donald Trump’s hard-line stances on trade and immigration, and the repeal of net neutrality rules—were top of mind for several business executives we interviewed recently. They shared their thoughts via e-mail with me, Xconomy’s national cor...
Tags: Startups, Mobile, Politics, Net Neutrality, Internet, Washington, China, Funding, Immigration, Trends, Tech, Investment, Tax, Web, People, Software


Bio Roundup: $74B for Celgene, Two CAR-T Tales, Ready for SF & More

In 2018, my Exome colleagues and I published hundreds of stories about health, medicine, the biopharma industry, government policy, and more. You’ll find a few of our favorite stories in this review of some of the year’s best from across the Xconomy network. Topics ranged from the worries over CRISPR genome editing and Wild West biohacking, to Nobel Prize-fueled drug approvals and the headaches around drug prices (even for drugs meant to cure headaches).What will make our Best of 2019 list? You...
Tags: Ipo, Trends, CMO, Merck, Ceo, Vc, Lung Cancer, Fundraising, Venture Capital, M&a, Private Equity, Fda, National, Manufacturing, Immunotherapy, Abbvie


New Year to Bring New Data Security Threats, Cyber Investor Warns

Bob Ackerman is one of the venture capitalists whose funding has long fed the growth of the burgeoning cybersecurity industry. So, you might imagine that his outlook on data protection for 2019 would be more optimistic than in past years, because businesses now take advantage of a broad choice of security services to protect themselves.Ackerman (pictured) is founder and managing director of San Francisco-based VC firm AllegisCyber, and co-founder of Fulton, MD-based DataTribe, which helps launc...
Tags: Startups, Mobile, Facebook, Hardware, Internet, Entrepreneurship, China, Russia, Funding, San Francisco, Trends, Tech, Web, It, Malware, Cybersecurity


Copps: Key Ingredient As A.I. Permeates Daily Life is Building Trust

The promise, and pitfalls, of artificial intelligence became more apparent in the last year, and for Dave Copps, founder of A.I. companies such as Brainspace and Hypergiant Sensory Sciences, the pace of adoption will only accelerate in 2019.What can help to smooth the transition to our new machine learning-enabled future is an effort on the part of technologists to build trust between ourselves and these tools. One way to build that trust is efforts like Tim Berners-Lee’s “Contract for the Web,...
Tags: Startups, Texas, Cortana, Trends, Siri, Tech, People, Software, Innovation, Machine Learning, Dallas, Tim Berners Lee, Alexa, Exabyte, National blog main, New York blog main


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


Saxena: More Than a Tool, A.I. Must Be Used With Society in Mind

Manoj Saxena is bullish on artificial intelligence. As chairman of Austin, TX-based A.I. startup CognitiveScale and managing director of The Entrepreneur Fund, which makes investments in early-stage machine learning companies, Saxena believes A.I. can transform how we work and play—creating opportunities for business.But he’s also aware that the technology, if not used carefully, could end up hurting society. He’s one of the founding members of AI Global, an initiative with the goal of promotin...
Tags: Google, Amazon, Startups, Mobile, Cloud, Uber, Apps, Texas, Internet, Big Data, Funding, Trends, Tech, Investment, Web, Analytics


Boston A.I. Leaders Call for Focus on Diversity, Global Mindset in 2019

It was an eventful year for the artificial intelligence industry.The sector saw more big venture capital deals and acquisitions, while researchers kept plugging away on technology advances. Meanwhile, A.I. developers continued to grapple with issues around transparency, trust, and ethics.As part of Xconomy’s series of year-end posts, we asked a pair of CEOs of Boston-area A.I. software startups to reflect on the trends that defined the sector in 2018—and where things might be headed in 2019. He...
Tags: Startups, Boston, Trends, Tech, Diversity, Mit, Vc, Artificial Intelligence, Software, Ethics, Facial Recognition, Affectiva, Rana el Kaliouby, Neurala, National blog main, New York blog main


Texas Startups Use AI, Fintech to Help Customers Find, Pay Workers

The American workforce has moved significantly beyond what Dolly Parton was familiar with.Instead of a set 40-hour, “9 to 5” work week, we have flextime, gig work, and digital nomads. Technology has allowed us to work at all hours and days—and maybe has us working too much.But even with those changes, many aspects of how human resources departments interact with employees remain the same. Two Texas startups are attempting to use artificial intelligence and other software innovations to transfor...
Tags: Startups, Texas, Instagram, Tinder, Funding, Trends, Tech, Investment, Paypal, People, Vc, Software, Dolly Parton, Innovation, Venture Capital, Revolution


Capital Factory in Houston, Austin Startup Funding, & More TX Tech

Let’s catch up with the latest innovation news in Texas.—Austin’s Capital Factory has announced a new partnership with The Cannon in Houston, one that will offer companies with space at Capital Factory reciprocal membership at the Houston coworking space, which opened last year. The Cannon also started Cannon Ventures to bring together angel investors interested in funding startups. Capital Factory has been starting to do more work throughout the state, including establishing a post in Dallas l...
Tags: Startups, Twitter, Texas, Funding, Trends, Tech, Investment, People, Software, Austin, Tennis, Venture Capital, M&a, Retail, Dallas, Espn


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


Waldo Adds $4 Million for Software That Finds Your Face in the Crowd

Austin—Waldo Photos, a startup with facial recognition software that helps its users find photos of themselves and family members, has raised $4 million in a new round of financing led by Lewis & Clark Ventures.Waldo plans to use the money to add to its engineering team and sales force, as the startup is expanding its service into schools and youth sports programs, in addition to the youth camps that already use its service, according to CEO Rodney Rice. Austin, TX-based Waldo currently has 15 ...
Tags: Photos, Startups, Facebook, Texas, Technology, Selfie, Parent, Trends, Brand, Startup, Tech, App, Photo, Software, Camera, Digital Photography


A.I. in 2019: IBM Exec on Advances in Training, Trust, Transparency

[Editor’s note: This is part of a series of posts sharing thoughts from technology leaders about 2018 trends and 2019 forecasts.]Today’s artificial intelligence technologies have demonstrated they’re capable of handling specific tasks, such as identifying pictures of cats or spotting cancer in CT scans.Researchers are hopeful the industry’s next breakthroughs will enable A.I. to move beyond answering narrow queries to handling broader assignments. But getting there will require designing softwa...
Tags: Google, Startups, San Francisco, Trends, Tech, Machine Learning, Ibm, Algorithms, Bias, Deep Learning, Fintech, IBM Research, Indico, National blog main, New York blog main, New York top stories