Founded in 2008, Durham-based Two Toasters has turned an app development niche into a booming business. The bootstrapped startup ranks No. 787 on the latest Inc. 5000 list with revenue surging 579 percent over the past three years. In an exclusive Insider interview, CEO Rachit Shukla explains why Two Toasters is so hot.
Denis Connaghan, Clinverse's chief executive officer for a year now, has wasted no time in putting his own stamp on the company. The clinical trials technology company has raised $9.1 million in new venture capital, landed a new high-profile investor, and will be gunning for more business as it aims for profitability in 2015. WRAL TechWire Insiders go inside the latest developments at Clinverse in an exclusive two-part Q&A.
A blogger about Cisco obtained access to internal video and audio recordings of company execs discussing the tech giant's new layoff round that will affect some 6,000 workers. Business Insider published some of the information, including an interesting remark from Chief Operating Officer Gary Moore. Plus, a new report shows one reason why Cisco is facing challenges: Its router market share has plunged.
Some 200 companies from around North Carolina - including several tech ventures based around the Triangle - are among the latest Inc. 5000 list released early Wednesday. We've got the list: Two Toasters, Netsertive, Appia, ReverbNation, Bronto, Brooks Bell - and many more.
Go Energies, a software and hardware startup focused on services related to the fuel industry, ranks No. 10 on the new Inc. 5000 list. That performance - 16,007 percent revenue growth over three years, also makes the company the No. 1 North Carolina firm on the list.
Aseptia, the venture capital-backed firm formerly known as Wright Foods, uses proprietary technology to produce preservative-free foods. The company came in No. 15 on the new Inc. 5000 list with three-year revenue growth of an astounding 12,427 percent. It's also creating jobs. Lots of them.
Clinverse, which focuses on financial management tools to be used in clinical trials, has raised $9.1 million in a new round of venture capital funding. Durham-based Hatteras Venture Partners is part of the round.
Uber hires Obama exec; Salix near deal close; Ballmer leaves Microsoft board; Lenovo's NFL Fantasy; HTC's new phone
In today's Bulldog roundup of tech and life science news: Uber hires former Obama exec to help with lobbying; Salix nears deal close; Ballmer quits Microsoft board; Lenovo's new NFL Fantasy contest; HTC's new phone runs Windows.
The tweet from WRAL's Capitol news team says it all for crowdfunding in North Carolina: "House votes to KILL H1224 47-54." The NC JOBS Act was part of House Bill 1224, which went down to defeat after some bitter debate. The vote failed despite last-second lobbying from Secretary of Commerce Sharon Decker.
Verizon tops AT&T as the most reliable and fastest wireless service provider in the Triangle and across North Carolina, according to test data compiled by research firm RootMetrics. AT&T, which topped the survey in 2013, did score best in texting.
It's tempting to think BioCryst might have the club that could beat down the frightening disease that's producing daily headlines out of West Africa. So far it's believed to have infected more than 2,100 people in 2014 and killed 1,145 in Guinea, Liberia, Nigeria and Sierra Leone. But this Ebola outbreak will most likely be history by the time BCX4430 becomes a useful clinical weapon.
With crowdfunding legislation bogged down in the N.C. General Assembly, startup GroundFloor is leaving the Triangle to establish its headquarters in Atlanta. The crowdfunding company focused on real estate also raises $1 million in new funding.
Crowdfunding startup GroundFloor is not moving to Atlanta because of the failure of the N.C. general Assembly to pass crowdfunding legislation, co-founder and CEO Brian Dally tells WRAL TechWire. In an in-depth Q&A, Dally talks about why the decision was made, that the firm could have raised more than the $1 million announced Tuesday, and deal flow is good. So good, in fact, that they expect to raise another round of financing later this year.
ChannelAdvisor went public just a year ago, but the Morrisville-based provider of international ecommerce services has not let up on new product development. Looking for ways to expand its market, the company hired an outside research firm to conduct an in-depth survey among hundreds of firms utilizing ecommerce. What did ChannelAdvisor find out, and how are the results shaping future plans? WRAL TechWire has the details for Insider subscribers.
Garheng Kong, a former venture capitalist at Intersouth Partners in Durham who now lives in Silicon Valley, is the managing partner of a new venture fund that has raised $110 million.
One way to increase support for Bitcoin-related startups in North Carolina, says Boost VC CEO Adam Draper, is to get companies in the area that started something on their own.
Will the virtual currency Bitcoin face increasing regulation in the future? Is Bitcoin secure enough to attract mass use? About a hundred or so experts at the Cryptolina Bitcoin Expo last week in Raleigh discussed the complex security and regulatory issues facing the virtual currency.
As the General Assembly enters showdown week over several key bills, entrepreneurs, solar power backers, investors and job recruiters have a lot riding on the fate of "HB 1224." There's much more at stake than crowdfunding as GOP leaders search for a way to reach a truce.