Posts tagged “Venture & Innovation”
California-based NetSuite is planning to add jobs - a lot of them - in Durham once its $200 million acquisition of Bronto Software, says Andy Lloyd, the firm;s general manager for commerce and products. In addition to growing Bronto's work force, NetSuite will base other people in the Bull City, he says.
Zack Nelson, chief executive officer of NetSuite, was in Durham along with other executives wrapping up a $200 million deal to buy Bronto Software In his own words, he describes why he's making the buy.
CEO Joe Colopy and his team at Bronto Software loves brontos - they are everywhere in the office - and they let out a "roar" when there's good news. Bronto reported plenty Thursday, disclosing the company had been sold to NetSuite, a cloud technology services firm, for $200 million. In a blog post, Colopy roars about the sale.
Calling themselves PairCode, a team of programmers from Raleigh-based WedPics and community organizer Magdalyn Duffie will be going to Silicon Valley in November to compete for a $100,000 prize after winning BattleHack Raleigh.
North Carolina is rolling out a second Innovation Fund, and this time it's worth even more than the first which was launched five years ago. State Treasurer Janet Cowell is targeting $250 million for North Carolina-centered firms.
So who is to blame for the closing of The Oakwood Inn, the last conventional "bed and breakfast" in Raleigh? Is it startup Airbnb and the entrepreneurial homeowners seeking to rent rooms more cheaply? Or is it regulators who have failed to act quickly against startups such as Airbnb and Uber that, quite frankly, flout regulations?
Two young entrepreneurs have set off on a journey to change the way information is communicated between teachers and students, starting with the hundreds of classes each day at NC State, and they have tests underway to disrupt other industries that require regular conversation too. Here's the story behind "Bulletin Mobile," as reported by ExitEvent.
"Criminal" is a podcast about true-crime stories that attracted 1 million downloads last month. Picking up on the popularity of "Serial" - the NPR podcast that was the first ever to win a Peabody Award, "Criminal" is part of the new era in digital storytelling.
Opponents say such services undercut hotel taxes and present a traffic problem for residential neighborhoods. Airbnb users argue that regulations on the service impinge on a homeowner's right to use his or her property to make some extra income.
Raleigh-based Contego Medical, which sells a filter platform for angioplasty balloon and stent delivery catheters, has closed on its $5.6 million Series B financing led by Hatteras Venture Partners with participation from Mountain Group Partners, Lookout Capital and Medical Mutual.
Thanks to the folks at Innovate Raleigh, here's a listing of all the technology (and some other) networking events, meetups and conferences coming up over the next few months. April is especially busy.
WRALTechWire is continuously expanding its content lineup, and we want you to participate. We are looking for news and analysis about all things tech and life science from people who know their business.
Bala Rajaraman, who is helping spearhead development of "cloud" computing services for IBM in Research Triangle Park, is one of 10 new "IBM Fellows." The "Fellow" selection is IBM's top technical honor. He is among the leaders developing IBM's Bluemix applications.
Startups and emerging companies raised nearly $115 million in venture capital financing the first three months of this year. That's the best first quarter since before the 2008 recession and is better by far than in the past four years, according to data from PricewaterhouseCoopers and the National Venture Capital Association. In fact, the data could have been even better.
Sustainable Industrial Solutions in Durham not only has a new name (ndustrial.io) but also a new investor from Silicon Valley (Bay Grove Capital). So how did the Durham firm that's helping spread the Internet of Things to industry land an investor from the Valley? And are they hiring? You bet.
Recognition, funding, publicity and now expert advice for building a startup keeps coming for Tatiana Birgisson, the creator of fast-growing MATI Energy drink. She soon will head to Silicon Valley for the Blackbox Connect program.
A surge in life science deals the first three months of this year led to a jump in venture capital funding for North Carolina-based companies. But while overall deal flow remained consistent, the number of tech-related deals did plunge, says Dow Jones Venture Source.