News

Deal Announcements

Friday, March 27, 2015

  •  Gelesis Grabs $22 Million Development Funding

    Friday, March 27, 2015 5:44:00 AM PDT | VentureDeal

       Boston, Massachusetts  --  Medical device technology company Gelesis has secured $22 million in new investment.

    Gelesis is commercializing various treatments for obesity and other related co-morbidities.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    $4 million of the amount received included the conversion of outstanding convertible promissory notes.

    The company is backed by a syndicate of venture capital firms and other investment groups.
  •  Amplience Adds Series B Venture Capital

    Friday, March 27, 2015 5:33:00 AM PDT | VentureDeal

       New York, New York  --  E-Commerce technology company Amplience has received $10.5 million in its second round of institutional venture capital funding.

    Amplience helps enterprises increase their omni-channel revenue growth through what it calls "rich customer experiences."

    Octopus Investments, based in the UK, led the round, which also included UK-based Northstar Ventures and US-based Silicon Valley Bank.

    Amplience said it would use the funding to support its expansion in the US and continued enhancements of its platform.

    The company previously raised $1.4 million in debt financing from Silicon Valley Bank in March, 2014.

Thursday, March 26, 2015

  •  Curoverse Nets Venture Capital Debt Funds

    Thursday, March 26, 2015 5:45:00 AM PDT | VentureDeal

       Boston, Massachusetts  --  Software technology company Curoverse has received $500,000 in venture capital debt investment, according to an SEC regulatory filing.

    Curoverse has developed an open source system that it calls Arvados.

    Arvados is designed to process the unique requirements in genomic and biomedical data applications.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    Curoverse is still seeking $1.5 million in venture capital debt, according to the filing.
  •  Ayasdi Secures Series C Venture Capital

    Thursday, March 26, 2015 5:33:00 AM PDT | VentureDeal

       Menlo Park, California  --  Software technology company Ayasdi has received $55 million in its third round of institutional venture capital funding.

    Ayasdi provides machine learning software to simplify and accelerate complex data analysis tasks.

    Kleiner Perkins Caufield & Byers led the round, which included Institutional Venture Partners, Khosla Ventures, Floodgate Fund, Citi Ventures, Centerview Capital Technology and Draper Nexus.

    The company said it would use the proceeds to expand into new industry sectors and continue investments in engineering, sales and marketing and data science initiatives.

    Ayasdi has raised in excess of $95 million in financing to date.

Wednesday, March 25, 2015

  •  Binti Bags Venture Capital Equity Funds

    Wednesday, March 25, 2015 5:33:00 AM PDT | VentureDeal

       San Francisco, California  --  Internet technology company Binti has secured $2.7 million in seed stage venture capital funding, according to an SEC regulatory filing.

    Binti is developing technology that hopes to make it easier for parents to adopt children.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    Binti co-founders include CEO Felicia Curcuru and President Julia Chou.

    Curcuru was previously VP - Business Development at FundersClub, the online crowd capital marketplace.
  •  Lendio Raises Growth Stage Venture Funding

    Wednesday, March 25, 2015 5:16:00 AM PDT | VentureDeal

       South Jordan, Utah  --  Financial services technology company Lendio has landed $20.5 million in venture capital investment.

    Lendio operates an online service that helps small businesses obtain loans.

    Napier Park led the round, which included investors such as Blumberg Capital, Pivotal Investments, North Hill Ventures, Tribeca Venture Partners and others.

    The company said it would use the funding to accelerate its online innovation processes and expand partnerships.

    Lendio previously raised financing of $4.5 million in August 2013.

Tuesday, March 24, 2015

  •  Jet Collects More Series A Venture Capital

    Tuesday, March 24, 2015 5:46:00 AM PDT | VentureDeal

       Montclair, New Jersey  --  E-Commerce technology company Jet.com has landed another $5 million in its series A venture capital financing round.

    Jet.com is developing a site that will make use of "the latest advancements in technology to create a new shopping experience that will empower customers like never before."

    Investors in the financing were not disclosed, nor was how the company intends to use the proceeds.

    Jet.com recently announced the closing of $140 million in financing.

    To date the company has received in excess of $220 million in financing and is backed by a large syndicate of venture capital and strategic investors.
  •  Echo Labs Hears Venture Capital Debt Call

    Tuesday, March 24, 2015 5:32:00 AM PDT | VentureDeal

       Palo Alto, California  --  Electronics technology company Echo Labs has received $1.5 million in venture capital debt funding, according to an SEC regulatory filing.

    Echo says that it is attempting to use consumer electronics to improve the way people measure and manage their personal health and energy.

    Investors in the financing were not disclosed, nor was how the company intends to use the proceeds.

    Echo raised $360,000 in seed stage financing in November 2014 from individual investor Eric Chen.

    The company was co-founded by current CEO Pierre-Jean Cobut.

Monday, March 23, 2015

  •  Illumagear Sees Venture Capital Debt Investment

    Monday, March 23, 2015 5:46:00 AM PDT | VentureDeal

       Seattle, Washington  --  Electronics technology company Illumagear has landed $600,000 in venture capital debt investment, according to an SEC regulatory filing.

    Illumagear has created a line of what it calls Personal Active Safety Systems.

    The first system is called the Halo Light, designed to fit on a construction workers headgear to provide greater lighting in the work environment.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    The company is still seeking an additional $150,000 in financing, with minimum investment size of $10,000 per investor, according to the filing.
  •  Airdog Finds $2 Million Seed Venture Capital

    Monday, March 23, 2015 5:32:00 AM PDT | VentureDeal

       Jelgava, Latvia  --  Electronics technology company Airdog has received $2 million in seed stage venture capital investment.

    Airdog has created what it calls an auto-follow drone which tracks and films a user's outdoor activity.

    Seraph Group led the round, was also included IT-Farm, Base Ventures and individual investors.

    The company plans to use the funds to bring its products to market.

    It also plans to begin making deliveries of its current drone system in November, 2015.

Deal Announcement Archive »

Technology News

Friday, March 27, 2015

  •  Bose Introduces Panaray Speaker System

    Friday, March 27, 2015 5:16:00 AM PDT | VentureDeal

       Framingham, Massachusetts  --  Audio technology company Bose has announced its most advanced audio system for the automotive market.

    Called the Bose Panaray system, the system includes proprietary digital signal processing with 34 different speakers, many of which are located in passenger headrests.

    The first automobile to feature the premium system is the 2016 Cadillac CT6.

    The speakers typically measure less than 4 inches in diameter and are positioned in numerous places throughout the cabin.

    The product launch is part of the company's new Advanced Technology Series of automotive sound systems.
  •  AKT IP Launches $20 Million Incubator Fund

    Friday, March 27, 2015 5:01:00 AM PDT | VentureDeal

       Washington, DC  --  AKT IP Ventures announced the launch of a new investment fund for IP-based businesses.

    AKT IP says that it is a software "incubator that turns ideas into tangible assets."

    The group is focused on the industries of mobile, multi-touch, wearables, Internet of things, big data and medical technologies.

    It says that in 18 months or less its monetization model can provide a full business development lifecycle to take a typical idea to market.

    AKT IP claims that it has a record of 170 successful software deployments, according to CEO Nicolas Chaillan.

    The firm did not cite specific successful outcomes in its company statement.

Thursday, March 26, 2015

  •  Rite Aid To Help With Learning Network

    Thursday, March 26, 2015 5:14:00 AM PDT | VentureDeal

       Camp Hill, Pennsylvania  --  Rite Aid Corporation (NYSE: RAD) said it will participate in The Health Care Payment Learning and Action Network.

    The initiative, which was first announced in January, was developed to support the Administration's goals to accelerate the transformation of the nation's healthcare delivery system.

    Rite Aid has joined more than 2,800 partners such as service providers, payers, states, consumer groups and employers to provide higher levels of care at lower cost.

    Health and Human Services Secretary Sylvia Burwell has spearheaded the creation of the network in order to drive improvements and foster innovation as the nation attempts to respond to healthcare challenges.

    Rite Aid has 4,600 stores in 31 states and annual revenues of $25.5 billion.
  •  ComEd Gives Customers Opower Insights

    Thursday, March 26, 2015 5:00:00 AM PDT | VentureDeal

       Chicago, Illinois  --  Chicago utility company Commonwealth Edison (ComEd) has expanded its Opower program to provide its customers with insights on energy use.

    Opower has successfully upgraded its demand-side management system to offer customized communications for ComEd customers to help them reduce energy use and save money through increased knowledge of their electricity usage.

    By summer, ComEd also plans to launch a smart meter program using Opower technology to provide peak time savings incentives to customers to lower their electricity usage during high demand periods.

    ComEd says it expects customers to save up to 200,000 MW of energy and 2% annually on their electricity bills by using these tools.

    ComEd provides energy to 7.8 million customers and is a subsidiary of Exelon Corporation (NYSE: EXC).

Wednesday, March 25, 2015

  •  Tastemade Launches Apple TV Programming

    Wednesday, March 25, 2015 5:15:00 AM PDT | VentureDeal

       Santa Monica, California  --  Video network company Tastemade said that it has announced its launch on the Apple TV platform.

    The network, which provides premium food and travel programming, will provide hundreds of past episodes as part of the effort.

    In addition, the company will also launch Tastemade TV, a linear feed of programming designed specifically for the Apple TV platform.

    New blocks of programming will be published weekly.

    The company also announced the launch of applications for the Apple iPad, iPhone and iPod touch device formats.
  •  Orbital ATK Lands Weather Satellite Contract

    Wednesday, March 25, 2015 5:01:00 AM PDT | VentureDeal

       Dulles, Virginia  --  Aerospace and defense technology company Orbital ATK (NYSE: OA) has announced that it has been awarded a new $470 million contract by NASA.

    The contract is to "design, produce and integrate up to three Joint Polar Satellite Systems (JPSS) spacecraft."

    The satellites will be operated by the National Oceanic and Atmospheric Administration as part of its weather forecasting, environmental and oceanographic science operations.

    The satellites will be built using the company's LEOStar-3 platform, which is designed for medium-class a low altitude orbit spacecraft.

    The contract includes a firm order for the first satellite, valued at $253 million, with options for two additional satellites with an additional value of $217 million.

Tuesday, March 24, 2015

  •  Mphasis Launches Research and Development Incubator

    Tuesday, March 24, 2015 5:16:00 AM PDT | VentureDeal

       New York, New York  --  Technology consulting company Mphasis has announced the launch of a new research and development technology incubator.

    Called Mphasis Next Labs, the incubator will focus on four IT service areas: emerging paradigms such as social media, mobility and cloud computing, services, business models and open innovation.

    The new effort will be headed by Dr. Jai Ganesh, who has a background in social, mobility, analytics and cloud (SMAC) applications.

    Ganesh said that "our goal is for Mphasis Next Labs to play a central role in developing a more cost-effective technology innovation ecosystem."

    Mphasis is an HP company.
  •  Connected Transportation Conference to Launch in August

    Tuesday, March 24, 2015 5:01:00 AM PDT | VentureDeal

       Norwalk, Connecticut  --  The Connected Transportation Conference will launch in August at the Caesars Palace hotel in Las Vegas, according to its organizers TMC and Crossfire Media.

    The conference will be co-located with the IoT Evolution Conference & Expo and will focus on the next generation of technologies to affect transportation, drones and fleet solutions.

    Some of the topics will include self parking vehicles, ridesharing, drone applications and regulations for a variety of industry verticals and new business models.

    Pricing for the conference begins at free for the Expo Plus Pass and rises to $1,595 depending on credentials and date of sign-up.

    TMC produces a variety of trade events for technology related industries.

Monday, March 23, 2015

  •  QSpex Launches NYC Optical Service Center

    Monday, March 23, 2015 5:16:00 AM PDT | VentureDeal

       New York, New York  --  Sameday eyewear company QSpex Technologies has announced the launch of its QSpex Optical Service Center in New York City.

    Beginning this summer, eyecare providers in the New York City metropolitan area will be able to offer their patients the company's premium product lineup.

    A key feature of that lineup is the QSpex Concierge delivery service, which is a same-day personalized delivery of the finished eyewear product.

    QSpex says that its business model enables it to build a number of efficient service centers in markets around the world in order to offer this same-day delivery service.

    The New York City location is just one of several that the company plans to open this year as it expands its operational footprint.
  •  FMC Teams With Technip On Subsea Foray

    Monday, March 23, 2015 5:01:00 AM PDT | VentureDeal

       Paris, France  --  Technip and FMC Technologies have formed a partnership to unite their capabilities for subsea oil and gas exploration.

    The joint effort, called Forsys Subsea, is a 50/50 joint venture that promises to "redefine the way subsea field are designed, delivered and maintained."

    The alliance will focus on earlier involvement in the concept selection phase, integrated life of field well surveillance and advisory services and joint R&D to produce technological innovations to boost efficiency.

    The goal of the effort will be to deliver an end-to-end subsea infrastructure from seabed to topside by eliminating interfaces.

    The alliance will begin operations with a workforce of 320 people and will be headquartered in London with regional hubs worldwide.

Technology News Archive »

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