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Bedford’s GateRocket Inc. raises $1.9 Million in a Series A add-on round of equity financing December 23, 2009

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Bedford’s GateRocket, a maker of tools for chipmakers, has announced it has raised a Series A add-on round of equity financing totaling $1.9 Million dollars, led by New Atlantic Ventures, Massachusetts Technology Development Corp, Long River Ventures, and CommonAngels.

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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.
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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.
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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.

Dr. Hugh Herr with the Iwalk PowerFoot

Dr. Hugh Herr with the Iwalk PowerFoot



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 entrepreneurshipecommercetelecommunications andsoftware development, I’m the Director, Technical Projects at eSpendWise, I’m a serial entrepreneur and the co-founder of Tshirtnow.net.


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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.
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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.
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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.”

Adapteva, based in Lexington MA, raises $1.5 Million in a Series A round November 9, 2009

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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.

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