Woburn’s SensAble Technologies, a developer of touch-sensor computer modeling technologies, raises $8 Million from a group of undisclosed investors March 8, 2010
Posted by hubtechinsider in Hardware, Startups, Venture Capital.Tags: Hardware, Startups, Venture Capital, Woburn
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Woburn’s SensAble Technologies, a developer of touch-sensor computer modeling technologies, raises $8 Million from a group of undisclosed investors.
Attleboro’s Sensata Technologies, a sensor and controls maker, readies a $726 Million IPO March 8, 2010
Posted by hubtechinsider in Hardware, IPOs, Microprocessors, Startups, Venture Capital.Tags: Hardware, IPO, IPOs, Startups, Venture Capital
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Attleboro’s Sensata Technologies, a sensor and controls maker, readies a $726 Million IPO on the NYSE (New York Stock Exchange symbol–ST) underwritten by Morgan Stanley, Barclays Capital, Goldman, Sachs & Co, BofA Merrill Lynch, J.P. Morgan, Citigroup, and Credit Suisse.
Westborough’s Exagrid raises $16 Million in a Series E round of equity financing December 22, 2009
Posted by hubtechinsider in Hardware, Startups, Venture Capital.Tags: Startups, Venture Capital, Westborough
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Westborough’s Exagrid, a provider of disk-based backup storage equipment and deduplication software, has announced it has raised $16 Million in a Series E round of equity financing led by a group of institutional investors including Highland Capital Partners, Sigma Partners, Tenaya Capital, and Investor Growth Capital.
Waltham’s ModusLink Global Solutions acquires Colorado -based Tech for Less for $30 Million December 18, 2009
Posted by hubtechinsider in Acquisitions, Hardware, Startups.Tags: Acquisitions, waltham
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Waltham’s ModusLink Global Solutions, a provider of supply chain services for technology brands, has announced it has acquired Colorado springs, Colorado -based Tech for Less, a processor and marketer of customer-returned consumer electronics and business technology products for $30 Million.
Waltham’s MC10, developer of stretchable electronics, raises $5.7 Million of equity financing December 16, 2009
Posted by hubtechinsider in Hardware, Startups, Venture Capital.Tags: Electronics, Manufacturing, Startups, Venture Capital, waltham
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Waltham’s MC10, a developer of specialized stretchable electronics, has raised $5.7 Million of equity financing from a group of undisclosed investors, the company announced recently.
North Billerica’s Contour Semiconductor raises $8 Million December 11, 2009
Posted by hubtechinsider in Hardware, Manufacturing, Microprocessors, Mobile Software Applications, Startups, Venture Capital, Wireless Applications.Tags: Billerica, Microprocessors, Mobile Applications, Semiconductors, Startups, Venture Capital
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North Billerica’s Contour Semiconductor, a producer of Flash memory chips for mobile-device data storage, has raised $8 Million from Fairhaven Capital Partners, American Capital, Still River Funds, and Eastward Capital Partners.
MIT professor and double amputee invents the Iwalk PowerFoot, the world’s most advanced robotic prosthetic foot December 3, 2009
Posted by hubtechinsider in Hardware, Health Care IT, Robotics, Startups, Venture Capital.Tags: Biotech, Biotechnology, Cambridge, Harvard University, M.I.T., Microprocessors, MIT, Prosthetics, Robotics, science, Startups, Venture Capital
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MIT professor and double amputee Dr. Hugh Herr is building the world’s most advanced prosthetic foot. In 2006, Herr founded Iwalk, which has plans to release next year the PowerFoot One, the world’s most advanced robotic ankle and foot. Iwalk is a startup funded by General Catalyst Partners and WFD Ventures. Iwalk has raised $10.2 million from investors.
The Iwalk PowerFoot is the only foot and ankle in the word that doesn’t depend on its wearer’s energy. With a system of passive springs and a half-pound rechargeable lithium iron phosphate battery, the foot – made of aluminum, titanium, plastic and carbon fiber – provides the same 20-joule push off the ground that human muscles and tendons do. It automatically adjusts the power to the walker’s speed, but users can also dial that power up or down with a Bluetooth-enabled phone, and with a forthcoming iPhone application.
Most prosthetic feet are fixed at a clumsy 90 degrees. The Iwalk PowerFoot, equipped with three internal microprocessors and twelve force, inertia and position sensors, automatically adjusts its angle, stiffness and damping 500 times a second. Employing the same sort of sensory feedback loops that the human nervous system uses, plus a library of known patterns, the PowerFoot adjusts for slopes, dips its toe naturally when walking down the stairs, even hangs casually when the user crosses his or her legs.
Potential customers include the Department of Defense, looking for prostheses for the nearly 1,000 soldiers who have lost limbs in Iraq and Afghanistan. The Veterans Administration and the Army are among the investors in Dr. Herr’s research.
Herr has a reputation as an obsessive student, earning a master’s in mechanical enginerring at MIT and a Ph.D. in biophysics at Harvard. He sat on a panel of scientists that confirmed that South African Oscar Pistorius, a sprinter with no legs below the knee, should be allowed to compete in the Olympics.
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I’m Paul Seibert, Editor of Boston’s Hub Tech Insider, a Boston focused technology blog. You can connect with me on LinkedIn, follow me on Twitter, even friend me on Facebook if you’re cool. I own and am trying to sell a dual-zoned, residential & commercial Office Building in Natick, MA. I have a background in entrepreneurship, ecommerce, telecommunications andsoftware development, I’m the Director, Technical Projects at eSpendWise, I’m a serial entrepreneur and the co-founder of Tshirtnow.net.
Attleboro’s Sensata Technologies, a sensors and controls company, preps a $500 Million IPO November 30, 2009
Posted by hubtechinsider in Hardware, IPOs, Manufacturing, Microprocessors, Venture Capital.Tags: Attleboro, IPOs, news, Telecommunications, Venture Capital
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Attleboro, Massachusetts based Sensata Technologies, a sensors and controls company with approximately $797 Million in revenues, is preparing a $500 Million IPO, to be underwritten by Morgan Stanley, Barclays Capital, and Goldman Sachs. The NYSE stock symbol for the company has not been disclosed as of yet.
Powerhouse Dynamics LLC, based in Needham, raises $2 Million November 24, 2009
Posted by hubtechinsider in Hardware, renewable energy, Venture Capital.Tags: Needham, renewable energy, Startups, Venture Capital
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Powerhouse Dynamics LLC, a maker of web-based home power management systems, based in Needham, has raised $2 Million from a group of undisclosed investors.
BitWave Semiconductor of Lowell, MA raises $1.33 Million from a group of undisclosed investors November 18, 2009
Posted by hubtechinsider in Hardware, Microprocessors, Telecommunications, Venture Capital, Wireless Applications.Tags: cellular, Lowell, Microprocessors, Semiconductors, Telecommunications, Venture Capital, Wireless
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BitWave Semiconductor, the programmable transceiver company based in Lowell, MA raises $1.33 Million from a group of undisclosed investors.
Skyhook Wireless, based in Boston, makes chips that improve the performance of Google Maps on Nokia smartphones November 13, 2009
Posted by hubtechinsider in Hardware, Microprocessors, Mobile Software Applications, Software, Telecommunications, Wireless Applications.Tags: cellular, Microprocessors, Mobile Applications, Telecommunications, Wireless, Wireless Applications
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Boston-based Skyhook Wireless is expected to announce next week that it’s releasing an application for Nokia smartphones that will give owners a far faster and more accurate fix on their locations. Skyhook’s $2.99 Maps Booster works on any Symbian S60 handset and will be available starting next week through Nokia’s new and much-heralded Ovi app store; it replaces the Symbian operating system’s built-in location-finding platform with Skyhook’s software, which then feeds location data directly to other location-aware apps such as Google Maps. The company says it created the program because Nokia phones are notorious for their slow performance in GPS mode. “With such high price tags, we think all features of Nokia smartphones should work perfectly,” Kate Imbach, Skyhook’s director of marketing and developer programs, said in a statement. “Maps Booster, finally, will make the location on any Nokia S60 device work just as well as location on the iPhone.”
Zeemote, a Chelmsford, MA-based startup that developed a handheld game controller for use with games on mobile handsets, has closed its doors November 11, 2009
Posted by hubtechinsider in Ecommerce, Hardware, Telecommunications, Venture Capital, Video Gaming Video Games.Tags: boston postmortem, Chelmsford, ecommerce, Gaming, Hardware, postmortem, Startups, Venture Capital, Video Games, Video Gaming, waltham
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Zeemote, a Chelmsford, MA-based startup that developed a handheld game controller for use with games on mobile handsets, has closed its doors and is putting its assets up for sale. Founded in 2005 by famed Boston-area entrepreneur Beth Marcus, the company worked with handset manufacturers Nokia, Samsung, LG, Sony Ericsson, and RIM to make its Bluetooth-based device compatible with their phones. A partner from Waltham, MA -based Zeemote backer Commonwealth Capital Ventures confirmed the closure but offered no further details.
I was lucky enough to have met in person the CEO of Zeemote, Beth Marcus. Beth is a famed entrepreneur in the Boston area, and I met her at the time of her involvement with an Internet retailer named Glow Dog. Beth is active in the MIT Enterprise Forum and some 128 Networking and entrepreneurship circles, and after attending one of Beth’s talks on company valuation one early morning at the Newton Marriot in Newton, MA (a well-known and heavily traveled local hotspot for technology and software, hardware startups’ networking and professional group meetings in the area) Beth and I struck up a conversation, which was followed by Beth granting me a private tour of Glow Dog’s facility and retail store along Great Road in Bedford center and lunch at a local Japanese Restaurant.
Beth was generous with her time and expertise and the time she graciously spent with me that day not only provided me with several nearly priceless insights about my business plan and company (I was working on an ecommerce company at the time, TSN Corporation), but also provided a blueprint of how a successful entrepreneur should give back to the community. Beth Marcus is the real deal and I thank her heartily for her time and knowledge sharing.
Beth Marcus has been Founder and CEO of several successful startups, most notably EXOS, Inc., which was venture capital backed and sold to Microsoft in 1996. Since then she has been involved in 12 start-ups in a variety of fields as a founder, investor, or advisor. One of the companies Beth founded was called Glow Dog and was based on Great Road in Bedford. The company was an Internet retailer and sold pet products with a pet safety orientation both at retail and wholesale to many large pet-oriented retail chains both online and off. She has raised equity numerous times and has also done angel investments herself. Several of these ventures have been acquired by public companies.
Part-time between then and now, Beth has worked as a consultant providing patent strategy, litigation support, and other strategic technology-related consulting services. Beth is an acknowledged expert in the hand-device interface space and has been an expert for several of the major players in the industry in support of prior-patents litigations. That knowledge and the clear problems in using a cell phone keypad for anything but number entry led her to invention, filing of a patent application, and the founding of Zeemote, Inc.
Beth has SB and SM in Mechanical Engineering from MIT and a PhD in Biomechanics from the Imperial College, London, where she was a Marshall Scholar. She has more than a dozen patents to her name and numerous publications and public speaking engagements. She has served on the faculty of MIT in the department of Mechanical Engineering. Dr. Marcus has been member of the Board of the MIT Enterprise Forum and the MIT Corporation Visiting Committee in Mechanical Engineering. She is also a current member of the Council for the Arts at MIT.
Zeemote JS1 Product Profile and Interview with Beth Marcus, CEO of Zeemote from Ablegamers
Zeemote Hands-On Review from Ubergizmo with Pictures of the Remote Unit for Cellular Telephones
Beth Marcus Profiled at Mass High Tech Magazine
Adapteva, based in Lexington MA, raises $1.5 Million in a Series A round November 9, 2009
Posted by hubtechinsider in Hardware, Microprocessors, Venture Capital.Tags: Lexington, Microprocessors, Venture Capital
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Adapteva Inc, a Lexington, MA -based maker of programmable, low-power microprocessors for specific niche applications, has raised $1.5 Million in a Series A round of investment led by BittWave.
E Ink of Cambridge, MA to be acquired by their largest customer, Taiwan-based PVI (Prime View International) June 9, 2009
Posted by hubtechinsider in Hardware, Venture Capital.Tags: boston, Cambridge, pharmaceuticals, Products, Venture Capital
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Cambridge-based E Ink Corporation will be acquired by Taiwan-based PVI (Prime View International), their largest customer, in a pending $215 million deal. E Ink employs about 120 people at their Cambridge, MA headquarters and another five or so employees at their just opened coating and film production plant in South Hadley, MA.
E Ink manufactures the key display technology used in devices such as the Amazon Kindle, Kindle DX and Kindle 2 and other brand electronic readers. This market is expected to grow rapidly; In a better stock market for Initial Public Offerings, or IPOs, a company such as E Ink would normally be able to turn to the public markets for expansion capital. But the IPO market in the US is very slow, with only seven IPOs so far on Wall Street this year.
The largest investor in the 12-year old company is FA Technology Ventures in Boston. One of their Managing Partners, Ken Mabbs, has a Board seat. Another financial backer of E Ink is Solstice Capital in Boston.
E Ink was founded in 1997 by CEO Russ Wilcox and four partners, one of whom was Joseph Jacobson from the MIT Media Lab. The company has raised more than $150 million in capital, from venture firms and also industry strategic partners such as Hearst Corp., Intel Corp., and Motorola.
Under the acquisition plan, E Ink would be a wholly owned subsidiary of PVI, retain its local management and employees, and help PVI refocus on the electronic paper market.
Within the past year, other Massachusetts-based startups have been purchased by foreign or out-of-state buyers, including companies such as Maven Networks, Virtual iron, Millennium Pharmaceuticals and Sirtis Pharmaceuticals – ranging in technologies from traditional networking technology to biotechnology.






























































































