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SPECIAL REPORT: 2019 Blockchain Outlook — Reality Check

After a breakout year in 2017, the blockchain sector suffered a series of blows in 2018, from crashing cryptocurrency prices to increased regulatory scrutiny of crypto ventures and deepening skepticism about whether the technology was actually useful. Now, the industry has entered a crucial phase where blockchain developers need to overcome the limitations of the technology and find use cases that will win widespread adoption by businesses and organizations.In this Xconomy Special Report, our v...
Tags: Boston blog main, Boston top stories, Boulder/Denver blog main, Boulder/Denver top stories, Detroit blog main, Detroit top stories, Indiana blog main, Indiana top stories, National, National blog main, National top stories, New York blog main, New York top stories, Raleigh-Durham blog main, Raleigh-Durham top stories, San Diego blog main


Join Xconomy for Our 8th Annual Napa Summit, June 13-14

Google. Amazon. Genentech. Those are some of the companies you’ll hear from at this year’s Napa Summit, the Xconomy Retreat on Technology, Jobs, and Growth.This is our most special event of the year—the eighth year we’ve held it—and it’s limited to about 100 VIP guests. We’ll tackle big trends, challenges, and opportunities in areas like venture capital, software, genomics, digital medicine, education, and diversity. The program is interdisciplinary and highly interactive.It all takes place ove...
Tags: Boston blog main, Boston top stories, Detroit blog main, Detroit top stories, National, National blog main, National top stories, New York blog main, Raleigh-Durham blog main, Raleigh-Durham top stories, San Diego blog main, San Diego top stories, San Francisco blog main, San Francisco top stories, Seattle blog main, Seattle top stories


Chevron’s Burger On Energy Innovation, Houston’s Growing Tech Scene

Houston—Among innovation-focused efforts in Houston, Chevron Technology Ventures is among the longest standing.Founded in 1999, Chevron Tech has launched seven funds up to $100 million each—the latest last month—in search of startups with technologies to hasten the ongoing digitization of the oil and gas industry. To date, the company’s corporate venture arm has made 100 investments.“The availability of data in operations, through sensors, and the ability to actually mine that data, and to use ...
Tags: National blog main, Texas, Texas blog main, Texas top stories, Barbara Burger, Chevron Technology Ventures, Cleantech, Cloud Computing, Data Analytics, Energy, Exobyte, Funding, Houston, Industrial Internet of Things, Investment, IoT


Imandra, Innovapptive, Nesh, Kroger Delivery Robots & More TX Tech

Let’s catch up with the latest innovation news in Texas.—Austin-based LiveOak Venture Partners is one of three organizations that led a $5 million investment in Imandra, an artificial intelligence startup based in London, according to a press release. With the funding, Imandra says it will open a US headquarters in the Texas state capital. Other investors were AlbionVC and IQ Capital, based in London and Cambridge, England, respectively. The four-year-old startup makes AI software with tools to...
Tags: Energy, Internet Of Things, New York, Texas, London, Big Data, US, San Francisco, Trends, Startup, Tech, E-commerce, Analytics, People, Vc, Artificial Intelligence


Bio Roundup: Nationwide’s Rise, a Surgeon’s Quest, CRISPR USA & More

Persistence and perseverance were the themes of two of our top stories this week.First there’s the story of Nationwide Children’s Hospital. The Columbus, Ohio, hospital chose to invest in gene therapy when the field was in its darkest days. After some ups and downs, the team it put in place helped advance some of the most promising gene therapies currently in human testing—and put Nationwide in the national spotlight as one of those treatments nears FDA approval.Then there’s Suzanne Ildstad. A ...
Tags: Deals, Startups, Usa, Trends, Vc, Fda, National, University of Pennsylvania, Novartis, Allergan, Biotech, Crispr, Life Sciences, Clinical Trials, Amgen, Gilead Sciences


$100M For Talaris Gives Surgeon a Shot to Reinvent Organ Transplants

When Novartis dissolved its gene and cell therapy unit a few years ago, a bunch of projects the Swiss pharma giant had incubated were tossed aside. One of them was the work of surgeon Suzanne Ildstad, who has spent decades trying to develop a new way to improve the health outcomes of patients who need organ transplants.That work has just been salvaged. If it plays out as Ildstad hopes, her company might not only help transform treatment for kidney failure patients—but possibly, for people suffe...
Tags: Deals, Startups, Boston, Trends, Vc, National Institutes of Health, Novartis, Stem Cell, Stanford University, Life Sciences, Blackstone Group, Louisville Ky, National blog main, New York blog main, New York top stories, Seattle blog main


Accenture Invests in San Antonio Government-Cybersecurity Operations

San Antonio—Global technology and consulting services company Accenture is building out a facility in San Antonio that will focus on cybersecurity in government operations.Accenture (NYSE: CAN) says it plans to invest $5 million in the center, which will be run by its subsidiary Accenture Federal Services. It will focus on managing, detecting, and responding to cyber threats that target government networks, the company said in a news release. Accenture is based in Dublin, Ireland and Accenture ...
Tags: Startups, Texas, Technology, Government, Trends, Startup, Tech, Cybersecurity, Artificial Intelligence, Can, Innovation, Cyber, Ai, Accenture, San Antonio, Hiring


New Microsoft, Intel Accelerator Seeks Tech to Make Houston Smart

Houston—Sensors that can measure rising waters in real time through internet-connected digital road signs, preventing commuters from driving into flooded underpasses.Traffic signals that use cameras and analytics to adjust the time allowed to cross streets, depending on the individual who is in the crosswalk.Those are among the types of technologies that could be deployed in Houston as a result of the Ion Smart Cities Accelerator, a collaboration between Microsoft and Intel with the city of Hou...
Tags: Startups, Internet Of Things, Accelerator, Texas, Microsoft, Trends, Tech, Cisco, Data, Analytics, Intel, People, Sensors, Austin, Camera, AT&T


EverlyWell, Austin Maker of At-Home Lab Tests, Nets $50 Million

Austin—EverlyWell, an Austin-based startup developing at-home health and wellness tests for patients, announced that it has raised $50 million in a Series B round of funding.The investment was led by existing investor Goodwater Capital and newcomer Highland Capital Partners, the startup said in a press release. Next Coast Ventures, NextGen Venture Partners, and other investors participated, EverlyWell said. This brings the startup’s total funding raised to “just over $50 million,” according to ...
Tags: Texas, Funding, Israel, Trends, Tech, Investment, Vc, Austin, Venture Capital, Seattle, Target, Cvs, Goodwater Capital, Digital Health, Shark Tank, Humana


SolarWinds, Moki, Nimbix, GoT, Rice Business Plan & More TX Tech

—SolarWinds, an Austin IT services company, has acquired Samanage, a maker of service desk software based in Cary, NC. The $350 million cash deal is expected to close by the end of June. SolarWinds said in a prepared statement that Samanage’s products will add to its suite of software made for more than 300,000 customers which are IT organizations from small companies to large enterprises. SolarWinds went public in a $375 million IPO in October.—Moki Software has hired Adam Maher as its CEO. Sa...
Tags: Startups, Mobile, Gaming, Cloud, Hbo, Texas, Television, Ipo, Cloud Computing, Boston, Funding, San Francisco, Trends, Tech, Investment, It


Lyft, Uber, and the Changing Disclosure Rules For Unicorn IPOs

When a much-watched tech company such as Lyft, Uber, or Pinterest files for an initial public stock offering, people eagerly scour the sudden trove of information that such a private business must finally disclose when it begins to offer shares to the general public, rather than only to sophisticated inside investors such as venture capital firms.For newly public company Lyft, (NASDAQ: LYFT) though, the IPO disclosure requirements were significantly lower than they would usually be for business...
Tags: Deals, Startups, Transportation, Mobile, Lyft, Uber, Hardware, Pinterest, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Financial Crisis


Beyond Oil: Bahrain, Houston Can Find Common Ground on Innovation

Houston—A delegation led by the Bahraini oil minister was in town recently meeting with business and government leaders. It makes sense considering Houston is the birthplace of the fracking technology the Gulf country’s leaders are seeking.A year ago, Bahrain discovered its largest trove of oil and gas—at least 80 million barrels of “tight oil”—since 1932, off its west coast. Extracting that crude, which is in shale formations deep below the earth’s surface, requires hydraulic fracturing with d...
Tags: Amazon, Energy, Startups, Gaming, Accelerator, Hong Kong, Texas, Trends, Tech, Investment, E-commerce, People, Vc, Fracking, Healthcare, Innovation


Thwarting Opposition, Bristol Gets Shareholder OK for $74B Celgene Buyout

The early opposition has turned out to be just noise. Shareholders of Bristol-Myers Squibb today approved the pharma giant’s planned buyout of Celgene, paving the way for a deal that will create one of the largest biopharma organizations in the world, and send ripples throughout the sector. (NYSE: BMY) said Friday that more than 75 percent of its shareholders voted to approve the deal at a meeting on Friday. Some 98 percent (NASDAQ: CELG) of Celgene’s stockholders supported the deal, the compa...
Tags: Deals, New York, Trends, Merck, M&a, Life Sciences, Nyse, Celgene, Bristol-myers Squibb, National blog main, New York blog main, New York top stories, Seattle blog main, Seattle top stories, Boston blog main, National top stories


Active Capital Leads $1.8M Round for Back Office’s AI Bookkeeping

San Antonio—Active Capital is leading a $1.8 million seed funding round for West Palm Beach, FL-based automated bookkeeping software maker Back Office. 500 FinTech, PlugNPlay Ventures, and angel investors also participated, according to Active.Back Office says it uses artificial intelligence-driven software to automate revenue and expense reporting (among other accounting measures) for businesses. It has a team of in-house bookkeepers who help on-board customers’ data into the software, which c...
Tags: Startups, Accelerator, Florida, Texas, Technology, Trends, Startup, Tech, Investing, Investment, Vc, Artificial Intelligence, Software, Automation, Venture Capital, Ai


Austin VC Firm LiveOak Venture Partners Closes Second, $105M Fund

[ Updated 4/9/19, 9:45 am ET. See below. ]  Austin—LiveOak Venture Partners announced today it has closed a $105 million fund, its second.The firm’s “Fund II” has already made six investments, including Austin startups Eventador, Osano, and Rollick, and Dallas-based AmplifAI, LiveOak said in a press release. [Information about one investor.] Among those limited partners includes the Houston-based HX Venture Fund, which Tuesday morning said it has invested $5 million.In LiveOak’s six-year his...
Tags: Startups, Real Estate, Texas, Funding, Trends, Tech, Investment, Analytics, People, Vc, Software, Austin, Innovation, Venture Capital, M&a, PricewaterhouseCoopers


VC Trends in 2019: More Money, Fewer Deals But Women Still Get Less

If you’ve been following venture capital trends, what you expected to happen in the first quarter of 2019 did: More money is being invested in fewer deals, and women founders still are getting less of it than men.Venture firms sent $32.6 billion into startups nationally during the first three months of 2019, the second largest amount for any quarter since at least 2006, according to data released overnight by PitchBook and the National Venture Capital Association. But that large sum came from o...
Tags: Deals, Startups, Lyft, Uber, Hardware, Entrepreneurship, Softbank, Funding, Women, Trends, Tech, Vc, Software, Physics, Pwc, Venture Capital


TX Tech: Made In, Jog.ai, Vital Farms, BBL & Advice from Mark Cuban

Let’s catch up with the latest innovation news in Texas.—Newchip, an Austin online market of crowdfunded deals, has accepted 45 startups into its remote accelerator program, according to a press release. The startups, sorted by Newchip into seed, pre-seed, and MVP/beta stages, will go through the company’s 10-week program. Unlike many accelerators, Newchip doesn’t require that the companies give up equity to participate. In June, Newchip said it raised $2 million in seed funding from investors ...
Tags: Startups, Accelerator, Texas, Crowdfunding, Funding, Trends, Tech, Investment, Exxon Mobil, E-commerce, People, Vc, Artificial Intelligence, Software, Chicago, Austin


Bio Roundup: Gottlieb’s Goodbye, AACR Recap, Migraine Drug Fight & More

Scott Gottlieb’s last day as FDA commissioner is today. His resignation announcement last month surprised some, given the earlier denials about leaving. But after two years of commuting between Connecticut, where his family remained, and the FDA’s Maryland headquarters, he decided to step down from the agency.What will Gottlieb’s legacy be? His efforts to curb teen vaping comes to mind. Or maybe it’s regulation. While Gottlieb remained mindful of the FDA’s oversight role, he also tried to strea...
Tags: Deals, Startups, Maryland, Breast Cancer, Trends, Investing, Lung Cancer, Connecticut, Cigna, Venture Capital, Fda, National, Novartis, Pfizer, Biotech, Insulin


UT Health San Antonio Plans New Accelerator for Faculty Research

San Antonio –— The University of Texas Health Science Center at San Antonio is starting an internal accelerator program for inventors who work at the institution, with the goal of picking a first group of five to eight prospective entrepreneurs around May.The accelerator, which UT Health is calling TechNovum, will run its first program from June through October and will conclude with two days of presentations for the researchers to pitch the products they’ve developed. The program will include ...
Tags: Startups, Accelerator, Texas, Entrepreneurship, International, Entrepreneur, Trends, Startup, Research, Incubator, Healthcare, Medical Device, Inventor, San Antonio, Startup Accelerator, Life Sciences


Executive Director of Alamo Angels Resigns to Focus on Seed Fund Job

San Antonio—Cat Dizon is stepping down from her role as executive director of Alamo Angels, the angel investing network in San Antonio founded in 2016.Alamo Angels, formerly known as the San Antonio Angel Network, is the city’s first angel network, and Dizon has been its second executive director. Chris Burney, a former Rackspace employee, was hired to run the investment group in 2016 and left in September 2018 to become the chief financial officer of Dura Holdings, a business that buys and ope...
Tags: Startups, Texas, Trends, Investing, Vc, Spurs, Venture Capital, Nba, San Antonio Spurs, Bubble, San Antonio, Rackspace, Tech Bubble, Angel Network, Jason Wilson, Alamo City


Chevron Tech, Medical Informatics, ActivTrak, Linear & More TX Tech

Let’s catch up with the latest innovation news in Texas.—Chevron Technology Ventures Thursday launched a $90 million fund for energy investments. The fund is CTV’s seventh and investments will be made in high-growth startups with technologies that have the potential to improve Chevron’s core oil and gas business performance, says CTV President Barbara Burger. “We are using venture capital as a conduit for early access to innovation and to build a pipeline of innovation for Chevron,” Burger said...
Tags: Startups, Texas, California, Big Data, China, Funding, Dallas Mavericks, San Francisco, Trends, Tech, Investment, People, Vc, Software, Austin, Scooters


Bio Roundup: Amyloid Angst, NASH News, Brammer Bagged & More

A week after , the ripple effects are still being felt—and not just by Biogen, which lost billions of dollars in market value in a flash.We’ll kick off this week’s roundup with the aducanumab reaction, which includes plenty of thoughts about the future of the so-called “amyloid hypothesis” and what’s next for another Biogen Alzheimer’s drug that has had mixed results.We’ll also check in on the gene therapy deal spree, the big week in national healthcare policy, and the preparations several com...
Tags: Deals, Obamacare, Trends, Alzheimer's Disease, Affordable Care Act, National, Pfizer, Medicaid, Xarelto, Federal Trade Commission, Life Sciences, Bayer, Clinical Trials, Celgene, Gilead Sciences, Eisai


Lyft Raises $2.2B in IPO, Pegging Valuation at Over $24B

Investors eager to bet on the mobility industry’s future handed ride-hailing company Lyft $2.2 billion in new capital Thursday as the company completed an IPO that set its market capitalization at $24.3 billion, The New York Times reported.Lyft sold 30.8 million shares at $72 apiece, according to Renaissance Capital—the top of a new range that Lyft originally set at $62 to $68. The company was valued at $15.1 billion at the time of its last fundraising in mid-2018.Lyft’s pricey showing rivals A...
Tags: Deals, Startups, Mobile, Lyft, Uber, Hardware, Marketplace, Pinterest, Entertainment, Internet, Entrepreneurship, Funding, US, San Francisco, Trends, Tech


Houston Tech Leaders Start Site to Connect Startups With Talent

Houston—One of the challenges in creating a robust tech hub in Houston is the perceived lack of talent available to join startups.“People say they don’t know where to start when it comes to seeing jobs in Houston, and businesses say, ‘I don’t know where to find talent,’” says Erik Ibarra, founder and CEO of Ordrs, a health IT startup in Houston. “There is an overlap there.”Ibarra says he, too, has felt frustrated when looking for engineers, programmers, and other employees since launching Ordrs...
Tags: Startups, Accelerator, New York, Texas, Boston, Trends, Tech, People, Austin, Innovation, Silicon Valley, Houston, Talent, Medtech, Steve Case, Digital Health


Garcia Steps Down After 18 Months as CEO of San Antonio’s Geekdom

San Antonio—David Garcia is stepping down as CEO of the Geekdom coworking space, according to the San Antonio Business Journal.“The collaboration and coworking environment at Geekdom creates opportunity to share professional experience in the roles that we hold as Geekdom team members,” Garcia said in a statement to the newspaper. “Geekdom also acts as a launch pad for the next step in one’s career. As it has for many Geekdom team members before me, it also holds true for me. I’ve been here nea...
Tags: Startups, Cloud, Texas, Funding, Trends, Tech, Investment, People, Vc, Software, Innovation, Venture Capital, San Antonio, Rackspace, Rand, Garcia


Cloudsnap Adds $1.75M to Make Enterprise App Data Integration a Snap

Austin—Cloudsnap, a startup that makes software to connect and integrate data from its customers’ enterprise applications, has raised $1.75 million in seed financing led by Active Capital.Cloudsnap was founded in 2018 by Rick Barkley, a native Austinite (he moved here when he was 2 years old, so close enough) who ran e-learning startup Nuvola Networks from 2011 to 2018. Cloudsnap previously took in $500,000 in money last summer from Active, which is based in San Antonio, and Austin co-working s...
Tags: Startups, Texas, Technology, Funding, Trends, Startup, Tech, Data, Xml, Javascript, Software, Austin, SaaS, Venture Capital, Dell, Api


Austin’s Cerity Joins Growing Cohort of Insurance Tech Startups

Austin—Even the most staid of industries can use a boost from technology.Case in point: Cerity, an Austin, TX-based insurance tech startup founded last year says it’s developing software that uses artificial intelligence to match worker’s compensation policies to small businesses that otherwise wouldn’t get them. “It’s hard to get, complex to understand, and cost prohibitive,” says Tracey Berg, Cerity’s president.Because of that, small businesses—especially “micro-sized” ones that employ 10 peo...
Tags: Startups, Utah, Texas, Funding, Trends, Insurance, Tech, Investment, People, Vc, Artificial Intelligence, Software, Austin, Washington Dc, Innovation, Venture Capital


AgileCraft’s Exit, $45M for Ojo Labs, Intel Grants & More TX Tech

Let’s catch up with the latest innovation news in Texas.—Georgetown, TX-based AgileCraft was acquired by Australia-based Atlassian (NASDAQ: TEAM), the team collaboration and productivity software maker, for $166 million. AgileCraft makes planning software that helps executives build and manage how the company’s projects develop. It’s focused more on leaders in a business than engineering and IT staff, and it helps them map out product strategy, spot bottlenecks and risks, and get a feel for the...
Tags: National blog main, National top stories, Texas, Texas blog main, Texas top stories, AgileCraft, AI, Artificial Intelligence, AT&T, Atlassian, ATX Seed Ventures, ATX Venture Partners, Austin, Australia, Brad Bentz, Canada


Coming Home Again: Estrada Returns to Lead WeWork Labs in Houston

Houston—Co-working company WeWork is opening its latest “Labs” space in Houston.New York-based WeWork, which has 49 Labs programs across the United States and globe, opened its first Texas location, in Dallas, last fall. WeWork’s Labs is the business’s version of an early stage startup program, offering workshops, mentorship, connections to local accelerator and incubator programs, and more in exchange for rent.Leading the endeavor is Carlos Estrada, a native Houstonian who returns to the city ...
Tags: Startups, New York, Texas, Trends, Tech, People, Austin, United States, Innovation, Dallas, Nebraska, Lincoln, WeWork, Houston, Alice, Agtech


AmplifAI Raises $3.9M, Its First Outside Funding, For Call Center AI

Dallas—AmplifAI Solutions, which makes artificial intelligence-enabled software for call center operations, has raised $3.9 million.Investors in the funding round were Naya Ventures, LiveOak Venture Partners, and Capital Factory, all based in Austin.AmplifAI has developed software that uses machine learning algorithms to analyze behaviors of top-performing employees in order to create training programs for employees across the payroll. Now, the company plans to use the funding to further develo...
Tags: Startups, Home Depot, Texas, Funding, Trends, Tech, Investment, Data, People, Vc, Artificial Intelligence, Software, Austin, AT&T, Innovation, Venture Capital