The latest blog posts from our WRAL Tech Wire and WRAL editors.
You've heard about "cold calls" and the challenges for sales people. But can you contact of the blue a potential investor such as billionaire Mark Cuban and win him over? Durham startup Validic took a chance - and Cuban took the bait. WRALTechWire's Jason Parker tells the story.
Durham startup Validic, which provides a way for health care companies to talk to communicate with the countless number of applications from mobile apps and devices, is ramping up with addition executives and $2.1 million in new funding.
The prices for LED light bulbs from Cree are going down as much as 23 percent. The Durham company also is rolling out an equivalent of a 100-watt standard bulb for under $20. The news comes after Cree reaffirmed its commitment to a partnership with exclusive retail partner Home Depot.
Raleigh-based Baxano Surgical, a medical device firm focused on back ailments, says two investors have agreed to a $10 million stock deal in a private placement. The company raised $22 million in December.
Morrisville-based Furiex, which reportedly has put itself up for sale, on Tuesday said it lost nearly $30 million in 2012. However, that total is down more than $13 from 2012. The company pulled in $45 million in drug development milestone payments from its partners.
Chimerix, the Durham-based drug company working on experimental medicine that could save the life of a seven-year-old Virginia child, was granted approval by the U.S. Food and Drug Administration to administer the drug to the boy, the company said Tuesday evening.
Ecommerce services provider ChannelAdvisor recently expanded its efforts into sales-rich China and on Tuesday disclosed a deal with the Chinese Internet giant Alibaba designed to further expand sales. Also, the Morrisville-based firm rolled out a new tool that it sales will help clients better manage sales campaigns across multiple ecommerce platforms.
News from ExitEvent: Laura Baverman, editor of Exit Event, reports on the partnership between two startups has turned into a marriage beneficial to both. This is the latest story in the WRALTechWire-ExitEvent partnership focused on bringing Triangle entrepreneurial news to a wider audience.
RST Fiber, a company based in Shelby NC, plans to offer Internet service to homes at gigabit speeds as well as ala carte TV services and super high definition video in the Raleigh area within the next 60 days. While Google Fiber considers building a gigabit network in the Triangle, RST says a statewide fiber optic network is now operational and Raleigh will be one of its first service areas.
RST Fiber on Tuesday activated a North Carolina-wide fiber optic network covering some 3,100 miles. Offering up to 100-gigabit per second Internet access, RST says it has deployed a network to support the "Internet of Everything" as described by Cisco CEO John Chambers.
Today's "Startup blog:" If you are an entrepreneur looking for insight into attracting investors, don't miss the opening day of a two-part series from the Council for Entrepreneurial Development about "Raising dough."
With revenue falling 5 percent in 2013 and its top executive acknowledging in a letter to shareholders that the company "did not meet our expectations," IBM on Monday made a change to its governing structure by naming former UPS CEO as its first presiding director.
However, the data lead to tortured comparisons, however, with some totals reflecting statewide numbers and others reflecting metro area numbers. And they don't reflect life science activity such as agricultural biotechnology, in which North Carolina has become a world leader.
The Triangle American Marketing Association recently put on its first major event, the High Five Conference, which focused on the latest trends, challenges and opportunities in marketing. Gene Pinderin, writing for the Triangle AMA, offers a recap.
Edward Snowden, who leaked classified documents revealing the surveillance activities of the National Security Agency, tells the South by Southwest Interactive conference that technology companies need to take a leadership role in improving encryption tools.
Google is releasing tools for software developers to make applications for wearable-computing devices, trying to repeat the success it's had with the Android mobile-operating system for gadgets people wear on their bodies.
Each of the four ventures receives seed funding from The Statrtup Factory and will participate in a three-month accelerator program. They also could receive up to $150,000 each in follow-on funding,
"We must acknowledge that while 2013 was an important year of transformation, our performance did not meet our expectations," Ginny Rometty said over the weekend in a letter to investors in the company's annual report. "While we continue to remix to higher value, we must also address those parts of the business that are holding us back."