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Articles by Andy Ory
Quantencomputing: Welche Architektur setzt sich durch?
Technologische Umbrüche in der IT gehen regelmäßig mit Grundsatzdebatten über Architekturfragen einher. So wurde etwa beim Wechsel von On-Premises zu Cloud-Infrastrukturen ebenso kontrovers diskutiert wie bei der Ablösung klassischer Serverarchitekturen durch spezialisierte Beschleuniger.
Video: Andy Ory (CEO) Discusses how 128 Technology is Fixing the Network by Fixing the Router - 128 Technology
Video: Andy Ory (CEO) Discusses how 128 Technology is Fixing the Network by Fixing the Router
Last Chance Special for What’s Hot in Boston Healthtech | Xconomy
Tomorrow, Xconomy is convening healthcare founders, executives, investors and entrepreneurs for an afternoon of interactive panels, live demos and keynote chats. A few topics we’ll cover include: precision medicine, synthetic biology, digital health, the future of primary care, and so much more. We’ll also be spicing up the program by raffling off a whole genome sequence from Veritas Genetics and open the conversation up to the audience to talk about the future of Obamacare.
Ridesharing Startup SPLT Wins Accelerate Michigan's $500K Prize | Xconomy
SPLT, the Detroit-based enterprise carpooling service and graduate of the Techstars Mobility program, walked away with the $500,000 grand prize at this year’s Accelerate Michigan Innovation Competition, the state’s largest annual startup event, held last week in Detroit. In an email to supporters, SPLT CEO Anya Babbitt described the company’s reaction to the win: “Thursday night was a dream for us at SPLT,” she wrote.
Massachusetts Builds Diverse Edtech Sector, Still Seeks Big Wins | Xconomy
Massachusetts has long been known as a hub for both software and education. Now, a growing cluster of companies has emerged at the intersection of those two industries—but the local education technology sector seems to be searching for an identity. A recent study of Massachusetts businesses found more than 400 education-related companies that employ at least 20,000 people in the Bay State.
Accelerate Michigan 2016: One Day, One Location, 36 Semi-Finalists | Xconomy
The 36 semi-finalists competing in the annual Accelerate Michigan Innovation Competition, the state’s largest business plan competition targeting mid-to-late-stage startups, have been announced. Although this year’s edition, overseen by Invest Detroit for the first time, has been helpfully streamlined to one day and one location, still at stake is more than $1 million in cash prizes and in-kind services (legal, marketing, creative, etc.).
Gener8tor Unveils New Class of Startups, Hits Fundraising Milestone | Xconomy
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Daniel Rotman wishes he had been able to tell sooner that his cat was sick. Rotman says that in 2010, he started noticing that his cat, Gingi, wasn’t her normal self. He brought her into a veterinarian’s office, and Gingi was later diagnosed with feline leukemia. Not long after that, she passed away. “Cats are notoriously stoic creatures,” Rotman says.
By Carol Gallagher, David Cohen Verified, Alexander Muse, Andy Ory, Bill Clarke, Aaron Houghton, Christy Shaffer, Alan McGlade
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BioXconomy
Xconomy’s Disruptors Houston Conference Showcases Texas Innovators | Xconomy
Houston—In just a few days, Xconomy’s Disruptors conference will bring some of the brightest innovators in Texas together. The daylong forum, being held Thursday at the Texas Medical Center’s TMCx accelerator in Houston, features innovation in healthcare, space, transportation, energy, artificial intelligence, and other sectors. Here are some of the highlights: —Edward Jung, co-founder and CTO of Intellectual Ventures in Seattle.
EatStreet Downloads Another $11M for Restaurant Ordering Software | Xconomy
EatStreet has raised nearly $11 million in equity financing, according to a regulatory filing that was made public on Thursday. The Madison, WI-based developer of online food-ordering software has now raised more than $40 million since launching in 2010, says Matt Howard, co-founder and CEO of EatStreet. Howard declined to provide specifics related to what his company plans to do with the money, which according to the filing came from two investors.
Startups Predict the Future for Free Tickets to Disruptors 2016 | Xconomy
Houston—Thanks to our generous sponsors, Xconomy is able to provide complimentary tickets to a number of startups for Disruptors 2016 on October 27 at Texas Medical Center Innovation Institute. In exchange for these tickets, we’re asking entrepreneurs to share their predictions for Texas’ future.
Indiana VC Activity Down for Third Quarter, Up for the Year | Xconomy
According to a new quarterly report put together by Seattle-based PitchBook and the National Venture Capital Association, Indiana’s VC and angel investment activity was down in the third quarter of 2016. A total of 19 funding deals worth $22.7 million were logged by Indiana companies during Q3 of 2016, according to PitchBook data. That’s a slight decrease compared to the third quarter of 2015, when 14 deals scored $33.6 million in funding.
Report: Indianapolis Tech Office Growth Among Highest in Nation | Xconomy
Indianapolis made the top 10 in a new report that looked at 45 U.S. cities and measured an area’s attractiveness to tech companies based on how much space those companies are leasing. The report, commissioned by commercial real estate company Jones Lang LaSalle (JLL) and titled “U.S. Technology Office Outlook,” found that tech companies signed leases for slightly under 985,000 square feet of office space in greater Indianapolis between the third quarter of 2015 and the second quarter of 2016.
San Antonio Investors Create Angel Network, Hire Executive Director | Xconomy
San Antonio—South Texas now has its own angel network, and the network officially has its own executive director. The San Antonio Angel Network announced this morning that it has hired Chris Burney, a former finance manager and analyst at Rackspace, for the position. The group quietly got its start this summer and is an effort to connect accredited investors in the San Antonio area with potential startup investments.
BitSight Nabs $40M as Cybersecurity Ratings Sector Picks Up Steam | Xconomy
BitSight Technologies wasn’t looking to raise more money from investors when GGV Capital came calling in April. The cybersecurity ratings startup still had nearly $20 million stashed in the bank from the Series B funding round it raised in June 2015, says Tom Turner, BitSight’s chief operating officer and president. But BitSight executives decided they couldn’t pass up the opportunity, Turner says.
Boston Healthtech Lab Links Startups with Hospitals, Bose, & Others | Xconomy
Pulse@MassChallenge, the new Boston “lab” for healthcare technology startups, revealed more details Wednesday about its strategy and how the program fits into a broader initiative attempting to make Massachusetts the world’s digital health hub. The lab is run by MassChallenge, the Boston-based nonprofit that operates startup accelerator programs around the world.
Seattle Week in Review: A Unicorn Spotted in the Wild | Xconomy
Not that it matters, but we have the first privately held Seattle-area company in a long time to claim a valuation north of $1 billion. OfferUp is that rare, mythical beast, the unicorn. All without publicly disclosing a business model for its mobile marketplace connecting local buyers and sellers.
Everyone Counts Voting System Accredited for Federal Elections, But… | Xconomy
When the San Diego voting technology company Everyone Counts closed on a $20 million financing deal a year ago, executive chairman Tom Tullie said the company needed funding in “a pretty big way” to get ready for the 2016 U.S. presidential elections. Among other things, Everyone Counts needed to get its eLect Quad Audit voting system certified by a federally accredited voting system test lab.
New Cybersecurity Alliance Continues Trend of Industry Collaboration | Xconomy
For the cybersecurity industry, 2016 is shaping up to be the year of alliances. There have been a series of tie-ups, as security-tech companies try to boost their businesses and amplify their products via acquisitions. IBM bought Resilient Systems, Cisco Systems snapped up CloudLock, Symantec acquired Blue Coat, and Carbon Black purchased Confer, to name a few.
Todd Hylton Adds Neural Tech Expertise to UCSD Robotics Institute | Xconomy
UC San Diego has named Todd Hylton, a veteran tech industry manager and expert in neural-based processing technology, as executive director of its new Contextual Robotics Institute. Hylton was previously the executive vice president of strategy and research at Brain Corp., a Qualcomm-backed startup founded in 2009 to develop computer systems and software based on algorithms that emulate the “spiking neuron” processes of the human brain. After joining Brain Corp.
3D Printing Startup NVBots Nabs Cash & New CEO, Moves Into Metal | Xconomy
Boston-based 3D printing startup New Valence Robotics announced it has raised more money from investors and brought in a new CEO to help build the business, while its founding CEO turns his attention to commercializing a new product for the company. Swiss firm Woodman Asset Management led the Series A investment in the startup, which goes by NVBots. The size of the deal wasn’t disclosed. NVBots previously raised at least $2 million from investors.
gBETA Graduates 10 Startups, Announces New Program in Beloit | Xconomy
One of Jessica Chapin’s duties as a neuropsychologist is evaluating elderly individuals for dementia. A question that often comes up during these assessments is how patients are feeling when they get behind the wheel. Sometimes it’s the middle-age sons or daughters of seniors who ask Chapin if their parents are still safe to drive, she says, while other times it’s patients themselves who inquire. “Sometimes it’s very clear-cut that they shouldn’t be driving,” says Chapin.
EyeKor Stares Down $600K to Develop Clinical Trial Software | Xconomy
EyeKor, a developer of software for managing clinical trials of therapeutics for ocular diseases, has raised $600,000 in equity funding from five investors, according to a regulatory filing. The Madison, WI-based company’s flagship product, called Excelsior, is a cloud-based software-as-a-service (SaaS) platform that helps researchers collect and interpret ophthalmic data.
Cleave Bio Gets $37M From Celgene, Others For Clinical Push
Celgene has taken an interest in another budding biotech. The big Summit, NJ, drugmaker joined with a group of venture capitalists to give Cleave Biosciences a $37 million Series B round to help pay for the startup’s first human clinical studies. Burlingame, CA-based Cleave is developing an experimental cancer drug, CB-5083, that is currently in two Phase 1 trials: one for patients with solid tumors, and the other for those with blood cancers.
Astronautics, WARF, & The Commons: This Week’s Wisconsin Watchlist | Xconomy
Stay current on happenings in Wisconsin’s innovation community with these recent headlines: —A group that includes the Wisconsin Economic Development Corp. (WEDC) and aviation and aerospace businesses, including Milwaukee-based Astronautics Corporation of America, announced it’s considering building “an aviation/aerospace center of excellence” in southeastern Wisconsin.
Gaining an Edge: Understanding Cyber Risk Appetite
Not long ago, companies prepared for cyber risks the way they might for a hurricane, flood, or other disaster situation: Brace for the worst, and hope for the best. Those days are over. Security breaches across industries have put cyber squarely on everybody’s risk agenda. But while they’re taking cyber threats seriously, many companies are struggling to find the right balance in their approach.
Austin Delivery Startup Dropoff Expands Beyond Texas to LA
Austin—Dropoff founder and CEO Sean Spector makes it a point to emphasize that the Austin, TX-based startup is a delivery service for businesses. “We are an extension of these businesses and their brands,” he says. “We deliver valuable medication, sensitive documents … parts for an airplane. These are these businesses’ everyday needs.” His insistence on making that point lies in the fact that the tech landscape seems to be awash with other delivery service companies, mostly focused on food.
The Real Cracks in the Foundation of Ransomware
The rise of ransomware has been striking over the past two years, rapidly dominating headlines with its frequency, its wide range of victims, and its profitability. So when news hit that two of the largest and most notorious delivery systems for ransomware — the Necurs botnet and the Angler exploit kit — had gone dark, that was obviously good news. Unfortunately, in the world of cybersecurity, respites like these never seem to last very long.
FICO Buys QuadMetrics to Help Measure Corporate Cybersecurity Risk | Xconomy
FICO, the San Jose, CA, software analytics company, announced Tuesday it has acquired Ann Arbor, MI-based QuadMetrics, a University of Michigan cybersecurity spinout. The terms of the deal were not disclosed. FICO—known as an industry leader in measuring and understanding consumer credit risk—will soon offer “enterprise security scores” that assess a corporation’s exposure to hackers and other cybersecurity dangers.
Blog Post: Hello World
For the first time in a quarter century we are witnessing a generational shift in networking. There are different buyers, new ways of architecting services, and new technologies that make software packet processing inevitable. Providing a backdrop for this is our insatiable need for more connectivity, and a crushing amount of complexity that grows each day. It’s at the intersection of these forces that 128 Technology was created.
TierPoint Talks Milwaukee Data Center Overhaul, Competing With Amazon | Xconomy
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A Milwaukee data center that changed hands twice in the past two years before undergoing major renovations was unveiled to the public on Wednesday. The facility is owned by St. Louis-based TierPoint, which acquired it in March as part of the company’s purchase of Omaha, NE-based Cosentry. At the time the deal was announced, Cosentry operated nine data centers, including the one in Milwaukee. Cosentry itself inherited the facility in 2014 when it bought Milwaukee-based Red Anvil.
By Jeff Buchanan Verified, Andrea Giuffrida, Bill Clarke, Andy Ory, Bill Mortimore, Chris Rizik, Bart Lorang, David Cohen Verified, Andy Nunemaker
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BioXconomy
Flu Research, Propeller, & Stem Cells: This Week’s WI Watchlist | Xconomy
Catch up on some of the latest happenings in Wisconsin’s innovation community with these recent headlines: —Writing in the journal Nature Microbiology, University of Wisconsin-Madison School of Veterinary Medicine virologist Yoshihiro Kawaoka and colleagues describe what they believe to be a better way of predicting the evolution of seasonal influenza strains, the university said.
Visionary VR Garners $6,000,000 New Round
VP of Research and Special Initiatives, Google Founder and CEO, Lighter Capital Medical College of Wisconsin director of research commercialization Managing Director, Mercury Fund
SI Swimsuit Models Go Virtual With Wisconsin Printer’s Headset | Xconomy
Quad/Graphics has long been the company that’s printed hard copies of Sports Illustrated. Now, the two are extending their relationship into the increasingly popular world of virtual reality, starting with the magazine’s famed swimsuit issue. Sussex, WI-based Quad (NYSE: QUAD) has developed a VR viewer made from foldable paper that the company says is included in 500,000 newsstand versions of this year’s swimsuit issue, which arrived in stores and mailboxes earlier this week.
Conga Garners $70,000,000 New Financing Round
Founder and CEO, Acme Packet Director, Silicon Flatirons Centers' Entrepreneurship Initiative Executive Partner, Sofinnova Ventures Head of global research and development at Life Technologies
Xconomy Forum: Tech Agenda 2015
The calendar is running out fast on 2014 and if you’re like us, your head is probably swimming with big ideas, bold claims, and plain old information overload. Want to find out what’s really going on? Join Xconomy for Tech Agenda 2015, our in-depth look at the real forces driving change in technology, business, and society.
Raleigh-Durham Business, Life Sciences, and Technology
Biotechs everywhere are going public these days. You might have heard. Approaching the traditional market lull in August, we’re up to nearly 40 life science IPOs in 2015, by my own count, with plenty more lined up. That’s more than half... Read more » Drug developer vTv Therapeutics is moving forward with its plans for a public stock offering to support late-stage clinical development of its Alzheimer’s disease drug.
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