Otsuka Pharmaceutical is expanding its pipeline and U.S. reach with an agreement to acquire Waltham, MA, clinical-stage drug developer Visterra for $430 million in cash.
The deal, announced Wednesday, comes nine months after Visterra closed a $46.7 million Series C round... Read more »
[Updated 7/11/18, 12:01 pm. See below.] Businesses have sunk a lot of money into software tools to analyze the reams of data they’re generating, in search of insights that might help them increase sales or cut costs.
But analytics... Read more »
Scale Venture Partners announced today it has closed its sixth fund, gaining $400 million in new capital to invest in companies capable of transforming business operations through advanced technologies such as artificial intelligence and robotics.
Foster City, CA-based ScaleVP focuses on... Read more »
[Updated 7/12/18, 9:24 am. See below.] Last year, U.S. venture capital investments swelled to a level not seen since the dot-com era of the early 2000s. This year could be even bigger.
Investors funneled $57.5 billion into U.S. companies... Read more »
As a tech journalist, most of the stories I write these days deal in algorithms, cloud computing, and other digital tools. When given the opportunity, it’s fun to explore new technologies and products you can actually see and touch.
I recently... Read more »
[Corrected, 7/6/18, 1:26 pm. See below.] Xconomy was dumbstruck this week, and not by the fireworks overhead. Our friend and one of our earliest employees, San Diego editor Bruce Bigelow, died suddenly last weekend. Bruce covered everything—and everyone—in San... Read more »
Alex Linebrink is on a mission to cut out the middle man.
Linebrink is the founder and CEO of Passage, a Detroit-based ticketing startup. The company’s bread and butter is servicing smaller, niche events, such as Halloween-themed tours, beer festivals,... Read more »
Automation Anywhere, which supplies customers with armies of software robots to take over manual tasks such as insurance claims processing, announced today it raised $250 million in a first funding round that set its post-money valuation at $1.8 billion.
The... Read more »
[Updated, 7/5/18. See below] Bruce Victor Bigelow, editor of Xconomy San Diego, passed away Friday afternoon, June 29, at the age of 63. He had suddenly fallen ill less than a week earlier, after he returned to San Diego... Read more »