Posts tagged “Venture & Innovation”
Opinion: Oculus, the latest technology startup to be acquired for billions of dollars, was based not in Silicon Valley but in Irvine, Calif. Snapchat, which is rumored to be worth billions, is based in Los Angeles. The Los Angeles area is a good place to live and has great weather, but it has no real advantage as a technology center. These companies could have been based anywhere with equal success. You can't predict which technology hub the next Oculus will come from--or whether it will be a hub at all. Anyone anywhere--whether in an incubator, garage or tent--can now build world-changing technology.
ExitEvent news: Durham School Board has joined a growing national movement to get entrepreneurs involved in education. ExitEvent's Laura Baverman reports in this latest story that is part of the news partnership between WRALTechWire and ExitEvent.
TransEnterix, which is developing an innovative robotic surgery platform, completed its move to the NYSE MKT, launched its first "advanced energy flexible instrument," and is ready to take on industry leaders. But CEO Todd Pope says one of his biggest challenges early-on was convincing investors he could build the firm in the Research Triangle.
It's not just a matter of the company failing to meet sales and revenue targets, says CEO Adam Covati. Nor is the shutdown solely due to the rise of competitors or the growth of divisions inside of larger organizations. "It's pretty much all of that," he explains to WRALTechWire Insider Jason Parker.
"This transaction will create a nationwide communications and technology services powerhouse and significantly advances our strategy to drive top-line revenue growth by enhancing the premier communications, cloud and managed services that are available to our business customers," says Vincent Oddo, CEO of Birch. "The combined company will have a nationwide IP-network with a significant fiber infrastructure, an extensive data center presence in multiple markets, and a relentless focus on providing superior customer service."
The Startup Blog: The Research Triangle will be well represented at the upcoming Southeast Venture Conference in Atlanta with numerous firms already selected to be among the "pitchers" at the two-day event.
The Durham drug-development company was expected to go public earlier this month, but a flagging market apparently set the Scynexis plans back. Now, The Wall Street Journal reports that today is the IPO day.
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.
Neither organization disclosed terms of the arrangement. But they said in a joint news release that the deal makes the combined organization "the largest provider of corneal tissue for transplant in the world."
Opinion: Health care is a misnomer for our medical system. It should be called sick care. Doctors, hospitals and pharmaceutical companies only make money when we are in bad health. If we could instead prevent illness and disease, it would turn the entire medical system on its head and increase the quality of our lives. The good news is that technology is on its way to letting us do this.
New venture capital investment statistics from two different sources illustrate an increasingly apparent reality: VC is losing its relevance as an investment tool for growing startups in North Carolina. While deals and dollars are at the highest levels since 2001, both numbers remain paltry in the Tar Heel state which often ranked among the top 10 for VC action in the past.
The annual Moog Fest music and arts festival is expanding to include an eclectic lineup of speakers. Kicking off the festival next Thursday is a panel about 'Wiring Silicon Mountain: Nurturing Innovation Through Technology in Western North Carolina.' Joining Geolas on stage will be: Gov. Pat McCrory, the CEO of Moog Music, Mike Adams, Asheville Mayor Esther Mannheimer, Casey Steinbacher, President and CEO of the Durham Chamber of Commerce, Professor Mike Walden of NC State and Hickory Mayor Rudy White. And the agenda of events hardly stops there.
OrgSpan, a three-year-old software firm focused on enterprise social communications solutions, is being acquired by Indiana-based Interactive Intelligence. The company, which is owned by the CEO of Interactive, will remain in Durham and says it expects to expand as a result of the deal.
With another $250,000 in funding and plans to open an office in Virginia, Raleigh-based SEAL Innovation is gearing up to sell its wearable SwimSafe devices that are designed to prevent drownings. The company's Justin Calvillo, its, corporate finance and development officer, and business development manager Dave Callahan talks with WRALTechWire about the company's progress. Among the investors is Triangle Angel Partners and most funding so far comes from the Raleigh area, they note.
SEAL Innovation, which has developed wearable swim bands to promote safety, agrees to open an office in Danvilla, Va., as part of a $250,000 capital investment from The Launch Place.
RTP-based medical device firm TransEnterix pulled off its $50 million stock offering and moved its shares to a different exchange on Tuesday. The company expects to net $46 million from the transaction.