Tags: Business, E-mail archiving, Electronic discovery, Microsoft Exchange Server, Needham, Needham Massachusetts, Novell GroupWise, Prism VentureWorks, startup, Startup company, Venture Capital
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- Sonian Pulls In $4M (xconomy.com)
- Sonasoft’s Efficient eDiscovery Solution for Email Archiving Optimizes Searches While Reducing Discovery Costs (prweb.com)
- Sorting Through E-mail Archiving Tools (pcworld.com)
Boston’s SensorLogic, a developer of machine-to-machine applications platforms, raises $5 Million December 20, 2010Posted by HubTechInsider in Startups, Venture Capital.
Tags: boston, Business, Covera Ventures, Funds, Machine-to-Machine, SensorLogic, Sevin Rosen Funds, Startup company, Startups, UPS Strategic Enterprise Fund, Venture Capital
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Boston’s SensorLogic, a developer of machine-to-machine applications platforms, raises $5 Million from a group of investors led by Sevin Rosen Funds, Boston Millennia Partners, UPS Strategic Enterprise Fund and Covera Ventures.
- SensorLogic Finds $5M, New CFO (xconomy.com)
- Global Supply Chain Executive and Retired Pentagon Official, Vice Admiral Ed Straw, Joins SensorLogic’s Board of Directors (eon.businesswire.com)
- BG Medicine Eyes $70M IPO, Nano-Terra Picks Up $17.2M, Rive Technology Raises $25M, & More Boston-Area Deals News (xconomy.com)
- SensorLogic Announces One-Step Asset Tracking (eon.businesswire.com)
- SensorLogic Advances Platform-as-a-Service (PaaS) for $28 Billion Asset Tracking Market (eon.businesswire.com)
- iMetrik M2M Solutions Inc. Enters Machine-to-Machine Market with Complete Solution (prweb.com)
- Sprint launches machine-to-machine wireless lab (zdnet.com)
- M2MV and Leadmark Group Announce a Strategic Partnership to Provide Professional Placement Services for the Highly Specialized Machine-to-Machine Industry (eon.businesswire.com)
- AT&T Ranked a Leading Competitor Among Global Carriers for Machine-to-Machine Services by Current Analysis (prnewswire.com)
- Australian Stats Agency Goes Open Source (news.slashdot.org)
Novartis Option Fund leads a $30 million Series B financing round for Waltham’s Avila Therapeutics December 18, 2010Posted by HubTechInsider in Startups, Venture Capital.
Tags: Business, Dana–Farber Cancer Institute, Doctor of Philosophy, Novartis Option Fund, Polaris Venture Partners, Protein, Series A round, Startups, Venture Capital, waltham, Waltham Massachusetts
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Novartis Option Fund leads a $30 million Series B financing round for Waltham’s Avila Therapeutics.
In a deal that combines equity financing with an option on an early-stage research program, Novartis Option Fund led a $30 million Series B financing on July 27 for Avila Therapeutics, which uses its proprietary Avilomics platform to design and develop covalent drugs in the areas of cancer, autoimmune disease and viral infection (read a write-up from The Pink Sheet” DAILY, here). NOF is a $200 million fund that seeds innovative companies through initial and follow-on investments – the initial investment is coupled with a program option to provide early validation of the company’s technology. Avila says it will use the proceeds to advance its first program into clinical development – its lead programs are a protease inhibitor for hepatitis C (AVL181) and a molecule targeting the Btk kinase (AVL291), an emerging target in oncology and autoimmune disease.
The Waltham, Mass.-based company did not say which of those programs would advance to clinical development first, and neither company identified the therapeutic target of the program for which NOF has option rights. Avila says its drugs work through protein-silencing – the molecules’ covalent nature enables them to bond strongly, selectively and resiliently to disease-causing proteins, theoretically producing superior therapeutic outcomes. The drug candidates’ covalent bonding also makes them effective against mutations in disease targets, according to Avila.
Participating with NOF in the Series B were Avila’s original investors – Abingworth, Advent Venture Partners, Atlas Venture and Polaris Venture Partners. The four VC firms staked Avila with $21.3 million in Series A funding in 2007, and also made a convertible debt purchase this past May that initially brought Avila $5 million and eventually could yield $15 million.
- First-ever covalent irreversible inhibition of a protease central to hepatitis C infection (eurekalert.org)
- Viamet Pharmaceuticals and the Novartis Option Fund Enter Agreement for Development of Novel Metalloenzyme Inhibitors (eon.businesswire.com)
- Avila Named as One of the “Fierce 15” Biotech Companies of 2010 (eon.businesswire.com)
- Avila Therapeutics Pursuing Rival to Lung Cancer Drug in Dana-Farber Lawsuit (xconomy.com)
- Lilly Funds Cerulean, Genzyme Sells Diagnostics Unit, Roche Ends RNAi Program, & More Boston-Area Life Sciences News (xconomy.com)
Belmont’s SaveWave, digital coupon solutions provider, raises $2.3 Million in a Series A round of equity funding August 23, 2010Posted by HubTechInsider in Startups, Venture Capital.
Tags: Belmont, Business, First Round Capital, SaveWave, Series A round, Startups, Venture Capital
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Belmont’s SaveWave, (formerly known as Upromise) digital coupon solutions provider, raises $2.3 Million in a Series A round of equity funding from a group of undisclosed investors.
- Big Name Investors Back SaveWave, “A Mobile Couponing Play” (businessinsider.com)
- Digital Couponing Startup SaveWave Scores $2.3M From Leading Investors (techcrunch.com)
- Backing Winning Teams (bostonvcblog.typepad.com)
- SaveWave, Formerly Upromise, Spins Out from Sallie Mae with $2.3M from VCs, Angels (xconomy.com)
- SaveWave Launches, Spin-Out from Sallie Mae’s Upromise Grocery Operations Creating National Digital Grocery Rewards Platform (prweb.com)
Tags: Beverley, Black silicon, Business, Financial Services, Harris & Harris, Polaris Venture Partners, RedShift Ventures, SiOnyx, Startups, Venture Capital
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- SiOnyx Demonstrates Record-Breaking Photosensitivity With New Light Detectors (nanotech-now.com)
- SiOnyx Secures $6.3M (xconomy.com)
Wilbraham, Massachusetts based FloDesign, wind turbine manufacturer, announces their Series B round of $35 Million in equity funding June 28, 2010Posted by HubTechInsider in green technology, Manufacturing, Massachusetts High Technology, renewable energy, Startups, Venture Capital.
Tags: Business, Energy, Goldman Sachs, Green Energy, green technology, Kleiner Perkins Caufield & Byers, Renewable, renewable energy, Startups, VantagePoint Venture Partners, Venture Capital, wilbraham, Wind, Wind turbine
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Wilbraham, Massachusetts based FloDesign, a maker of wind turbines that resemble jet engines, announces their Series B round of $35 Million in equity funding led by a group of investors including Kleiner Perkins Caufield & Byers, Technology Partners, VantagePoint Venture Partners, and Goldman Sachs.
- What Wind Turbine 2.0 Will Look Like (cleantechies.com)
Tags: Batteries, Boston Power, Business, Foundation Asset Management, Gabriel Venture Partners, Green Energy, green technology, Lithium-ion battery, Oak Investment Partners, renewable energy, Startups, Venrock, Westborough
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Westborough’s Boston Power Inc., a developer of lithium ion batteries, raises $60 Million in a Series E round of equity funding led by Foundation Asset Management, Oak Investment Partners, Venrock, and Gabriel Venture Partners.
- Boston-Power’s Swing Battery Selected for NASA’s Humanoid Robot Project (eon.businesswire.com)
- Boston-Power Announces $60 Million in Growth Capital (eon.businesswire.com)
- Boston-Power Pulls In $60M More to Push Battery Technologies Into Electronics, Cars, and Utilities (xconomy.com)
- Boston-Power Recharges With $60 Million Funding For Lithium-Ion Batteries (techcrunch.com)
- Boston Power juices up with $60M for lithium-ion batteries (green.venturebeat.com)
- Boston-Power Gets $60 Million for Next Generation Lithium-Ion Battery Tech (cleanedge.com)
- Boston-Power Founder Dr. Christina Lampe-Önnerud Elected Member of the Royal Swedish Academy of Engineering Sciences (eon.businesswire.com)
- ASUS Selects Boston-Power’s Sonata Lithium-ion Battery for New Line of Notebook PCs (eon.businesswire.com)
- Boston-Power Boosts Round to $66.4M (xconomy.com)
Smart Destinations, Inc., a Boston developer of travel planning & booking services, raises $3 MM from MMV Financial June 27, 2010Posted by HubTechInsider in Startups, Venture Capital.
Tags: boston, Business, Financial Services, Recreation, Smart Destinations, Startups, Travel, Travel and Tourism, Travel Services, Venture Capital
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Smart Destinations, Inc., a Boston developer of travel planning, booking, and redemption of in-destination activities, raises $3 Million from MMV Financial.
- Smart Destinations Delivers 4 Millionth Attraction Visit (eon.businesswire.com)
- Leading Marriott Miami Airport Hotel Partners with Smart Destinations to Introduce “Summer in the City: Go Miami Package” (prweb.com)
- New Offering Says “Build Your Own Ticket” to the Best Things to Do in Top Travel Destinations (eon.businesswire.com)
- Smart Destinations Receives $3m in Capital to Support New Technology (eon.businesswire.com)