Latest Posts

• San Antonio to Honor Regenerative Medicine Pioneer Stephen Badylak

  San Antonio — Ah, to be able to regrow a missing limb like a slimy salamander—a trick long dreamed of by youngsters and scientists alike.

  Research into such regenerative abilities has increasingly excited the scientific community during the past 30 years... Read more »

  David Holley7/17/19

• Trefoil Therapeutics Raises $28M and Eyes the Clinic for Cornea Drug

  Trefoil Therapeutics, which is developing treatments for diseases that affect the cornea, the outermost layer of the eye, has raised $28 million to move its lead drug candidate into human testing.

  The company is developing an engineered form of fibroblast growth... Read more »

  Sarah de Crescenzo7/16/19

• Skyhawk Inks Deal With Genentech for Cancer and Neuro Drug Discovery

  Skyhawk Therapeutics has added Genentech to the growing list of companies it’s working with to find new drugs.

  The deal with Genentech, a Roche subsidiary, calls for Cambridge, MA-based Skyhawk to use its technology to discover and develop RNA-targeting drugs... Read more »

  Frank Vinluan7/16/19

• Prenatal Testing Firm Cradle Genomics Debuts With $17M, Illumina Ties

  Another company headed by former Illumina executives has launched, fueled with a $17 million Series A round from investors including a local venture capital firm.

  The new firm, Cradle Genomics, is seeking to commercialize improved non-invasive prenatal tests, which analyze blood... Read more »

  Sarah de Crescenzo7/16/19

• Artemis Fund, TechStars Impact, Robin Autopilot, & More TX Tech

  Let’s catch up with the latest innovation news in Texas.

  —Mark Cuban and Serena Williams are among investors to fund maternal health startup Mahmee. The Los Angeles-based startup announced Monday it has raised $3 million from the Dallas Mavericks... Read more »

  Angela Shah7/16/19

• Amperity Raises $50M for Marketing Software Used by Consumer Brands

  Amperity, a Seattle-based startup developing software to help consumer-facing brands collect and manage customer data, announced Monday it has raised $50 million in new financing to add more clients in industries on which it hasn’t previously concentrated.

  New York-based Tiger Global... Read more »

  Jeff Buchanan7/15/19

• Aura Wants to Take Its $150M and Stock a Consumer Cybersecurity Toolbox

  Two recently combined consumer cybersecurity companies are heading off under a new branding to make a run at providing some online peace of mind for regular folks, and they’re doing it with $150 million in capital from Boston-area venture firm General... Read more »

  Brian Dowling7/15/19

• Gilead Ups Stake in Galapagos With $5B Deal to Jumpstart Its R&D

  Gilead Sciences on Sunday looked to another firm to rejuvenate its research capabilities, agreeing to put more than $5 billion in cash into Galapagos NV and get access to a slew of experimental drugs in return.

  Gilead (NASDAQ: GILD)... Read more »

  Ben Fidler7/15/19

• Lendbuzz, AI Auto Startup That Steps in When FICO Fails, Raises $150M

  No traditional credit history? No problem. At least that’s how Lendbuzz, a startup that uses artificial intelligence to underwrite auto loans, sees it. The Boston-based software company announced Monday it has raised $150 million in new funding to expand its team... Read more »

  Brian Dowling7/15/19

• Neon’s Early Vaccine Study is a Peek at Immunotherapy’s Third Wave

  In this new age of cancer immunotherapy, two versions have been approved. The first are checkpoint inhibitors, which have begun to change the way skin, lung, and other cancers are treated. The second are CAR-T cell therapies, which have... Read more »

  Ben Fidler7/15/19

• Bio Roundup: Michael Becker, Suzanne Eaton, Gene Therapy Moves & More

  The life science and healthcare worlds are vast. We often talk about impact in terms of millions of patients and billions of dollars. But these worlds can be small, too. It seems at times we’re never far removed from any one... Read more »

  Alex Lash7/12/19

• Amgen, Novartis BACE Inhibitor Joins List of Failed Alzheimer’s Drugs

  Amgen and Novartis are stopping work on an experimental Alzheimer’s disease drug after an early look at clinical data showed worsening cognitive function in patients.

  The interim results announced Thursday were part of a pre-planned review of data from two pivotal... Read more »

  Frank Vinluan7/11/19

• Trump Kills His Administration’s Plan to End Secret Drug Rebates

  Donald Trump’s criticism of high drug prices began during the 2016 presidential campaign and continued through his presidency, perhaps most famously just before his inauguration when he said that drug companies were “getting away with murder.”

  This week has... Read more »

  Alex Lash7/11/19

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• Record Exit Value for VC-Backed Startups Could Fuel Investment

  More than a third of the companies that went public in the first half of this year were backed by venture capital.

  That, plus robust merger and acquisition activity, set a record for venture-backed exit value—$165.2 billion in money returned to... Read more »

  Sarah de Crescenzo7/11/19

• Money Transfer Services Remitly Bags $135M in New Equity Funding

  As larger sums of cash are remitted from first-world countries to the developing world, upstart money transfer services are competing with established businesses for a piece of the growing pie.

  One of the newer entrants to the international money transfer market,... Read more »

  Jeff Buchanan7/10/19

• WI Startup Funding Hit Record in 2018 as VCs Cut Bigger Checks

  A record $300 million was invested in Wisconsin ventures last year, as maturing businesses pulled in larger funding rounds. But a continued decrease in the number of firms raising their first outside capital could signal trouble for the state’s pipeline of... Read more »

  Jeff Bauter Engel7/10/19

• Grocer H-E-B Explores Autonomous Delivery With SF-Area Startup Udelv

  San Antonio — Pretty soon, the milkman may be making a comeback—at least, a robotic version.

  San Antonio-based grocery chain H-E-B is beginning a pilot program later this year to test out using an autonomous vehicle for grocery delivery. H-E-B plans... Read more »

  David Holley7/10/19

• The Finalists for the 2019 Xconomy Awards Are …

  After a robust discussion, the editors and judges have narrowed down an impressive list of nearly 300 nominees for the 2019 Xconomy Awards in Boston to an all-star group of almost 60 finalists in 11 categories. Given the overall caliber... Read more »

  Angela Shah7/10/19

• Nestlé Sells Gut-Health Test Maker Prometheus Labs, Layoffs Expected

  Eight years after San Diego biotech Prometheus Laboratories was acquired by Nestlé Health Science, the diagnostic business has been sold again, this time to a little-known biotech called Precision IBD that plans to lay off approximately a quarter of Prometheus’s... Read more »

  Sarah de Crescenzo7/10/19

• New Funds for Procyrion, Remedy, OncoNano, Vyopta & More TX Tech

  [Updated 7/10/19, 11:41 am CT. See below.] Let’s catch up with the latest innovation news in Texas.

  —Austin startup Vyopta, which makes a video conference system dashboard for businesses, raised $7.5 million in a Series B funding round... Read more »

  Angela Shah7/10/19

• Microsoft, Providence Tie-up Focuses on Cloud Tech in Healthcare

  Microsoft, long known for its Windows operating system and prowess in the world of enterprise software, is among the computing and software giants companies making inroads in the healthcare industry. One of Microsoft’s (NASDAQ: MSFT) latest efforts to innovate at the... Read more »

  Jeff Buchanan7/9/19

• Cisco Invests in Optical Tech With $2.6B Acacia Communications Deal

  Cisco is buying Maynard, MA-based Acacia Communications (NASDAQ: ACIA) for $2.6 billion in a deal to boost the networking giant’s stock of optical technologies, the companies announced Tuesday.

  The deal values Acacia at $70 per share, a 46 percent premium... Read more »

  Brian Dowling7/9/19

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• Ross Perot Dies: Tech Pioneer Sold Two Firms For Billions to Dell, GM

  Dallas—Ross Perot, the Texan billionaire businessman who twice ran for president in the 1990s, died Tuesday, five months after being diagnosed with leukemia, according to news reports. He was 89.

  Perot sold his first company, Plano, TX-based computer services... Read more »

  David Holley7/9/19

• Honeywell Spinout Resideo Adds to Smart Home Cache, Opens Austin HQ

  Austin—[Corrected 11:14 a.m. See below.] Doorbells, thermostats, refrigerators, and more—everything in the modern home is becoming a smart, connected device. (You can even monitor your kitty’s litter box habits with the Litter Robot 3!)

  There are many other,... Read more »

  David Holley7/9/19

• Black Duck, Veracode Execs Relaunch Cloud Infrastructure Firm Fairwinds

  From a host of angles, the business opportunity looked to be a hard one to pass up. The technology business up for sale was: one, self-funded and not saddled by mountains of outside equity; two, profitable and growing; and three, in... Read more »

  Brian Dowling7/9/19

• After Amgen’s Spark, Revolution Med Nabs $100M to Push RAS Cancer Drugs

  In May, Amgen (NASDAQ: AMGN) revealed intriguing data from the first-ever human trial of a drug that targets tumors with a specific mutation to the gene KRAS, which occurs in about one-quarter of all cancers.

  Amgen showed 30 percent of... Read more »

  Sarah de Crescenzo7/9/19

• How Do YOU Think the Internet Will Evolve? A Sampling of Your Tweets

  [Editor’s note: This is part of a series examining the internet’s first 50 years and predicting the next half century. Join Xconomy and World Frontiers Forum on July 16 for Net@50, an event exploring the internet’s past and future.... Read more »

  Wade Roush7/9/19

• AV Mapping Startup Carmera Joins Baidu’s Open-Source Apollo Platform

  Just as Google is developing autonomous vehicles through its subsidiary Waymo, China’s largest online search engine, Baidu, is also racing to develop AVs. Last week, the company announced a new milestone: It has now tested self-driving cars on more... Read more »

  Sarah Schmid Stevenson7/9/19

• From Buyout to Spinout to IPO? Dynatrace Eyes $300M Public Offering

  Dynatrace, a 14-year-old enterprise software intelligence company, has filed papers to raise $300 million from an initial public stock offering aimed at restocking its war chest and shrinking its sizable debt.

  If it follows through on the IPO plans, the Waltham,... Read more »

  Brian Dowling7/8/19

• Performance Management Firm 15Five Pulls in $30M to Scale Up

  Many companies have been adjusting to the changing workforce as millennials become a larger component of their staff rosters. Some are adapting with the help of talent management services such as 15Five, which has studied the millennial mindset.

  San Francisco-based... Read more »

  Bernadette Tansey7/8/19

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