Boston Tech Roundup: Attune, Cognex, GreenBytes, LevelUp, & More
Here we go, catching up on an insanely busy news and events week in Boston. (That’s it, Curt, no more vacations.)
—Cognex (NASDAQ: CGNX), the Natick, MA-based computer-vision tech company (which I always forget is locally based), filed a lawsuit against Renton, WA-based Microscan over alleged patent infringement. You can read the details in the Boston Business Journal.
—Nuance Communications (NASDAQ: NUAN), the Burlington, MA-based speech-and-other-interfaces company, is working on a new kind of voice-interactive ad technology, as my colleague Ben Romano reported from the firm’s Seattle office. Boston-area mobile-ad companies Jumptap and Celtra are working with Nuance on this effort; think ads that talk to you (I have a pretty good idea what I’d say back). Meanwhile, billionaire investor Carl Icahn now owns 9.27 percent of Nuance; check out the SEC filing and the Boston Globe for more details. This could get interesting.
—Attune Consulting, a global software maker for the fashion and lifestyle industries with a U.S. base in Burlington, MA, has raised $20 million from MAS Holdings. As part of the deal, the company is merging with Sabre Technologies, a 12-year-old developer of Web and mobile software.
—LevelUp, the Boston-based mobile payments and rewards startup, got some unwelcome press from BostInno, which asserted that the company has been shrinking and needs to raise money fast. In a series of tweets, LevelUp founder Seth Priebatsch disputed the article’s main assertions, saying, “We aren’t running out of cash” and “revenue is strong.”
—Providence, RI-based GreenBytes has raised a $7 million Series C round from previous investors Generation Investment Management (of Al Gore fame) and Battery Ventures, bringing its total raised to over $30 million. GreenBytes, which got started in 2007, makes desktop virtualization and data storage technologies with the goal of being both high-performance and energy-efficient.
—Speaking of Rhode Island news, if you missed the Crunchbutton vs. Brown University story, I recommend you read it. You can probably skip most of the comments on Slashdot and Hacker News, though, unless you want to see a lot of Brown-bashing and misinterpretations.