• Fri, Jun 24th 2016 2:10 PM

    Tax credit will help add 100 jobs at Westborough tech firm

    Tax credit will help add 100 jobs at Westborough tech firm

    Westborough data center IT firm SimpliVity has landed a $100,000 state tax incentive to help add at least 100 jobs at its headquarters. The expansion was among 18 projects approved earlier this week as part of the Gov. Charlie Baker administration's Economic Development Incentive Program. SimpliVity will receive $100,000 in investment tax credits in exchange for adding 100 jobs and retaining 390 jobs in Westborough -- an expansion project that totals to $400,000 over more than a year. SimpliVity…

  • Thu, Jun 23rd 2016 11:20 AM

    Former head of MassChallenge now at Fidelity Labs

    Former head of MassChallenge now at Fidelity Labs

    Akhil Nigam, co-founder and former president of Boston-based startup accelerator program MassChallenge, is now working with Fidelity Labs, the research-and-development division of Boston asset manager Fidelity Investments. Nigam founded MassChallenge in 2009 and stepped down as president in late 2014. He was previously a consultant at Boston-based global management consulting firm Bain & Co. He's now working with Fidelity Labs to test a product designed to educate customers about the smartest and…

  • Thu, Jun 23rd 2016 7:40 AM

    Boston payments firm Circle lands $60M, expands to China

    Boston payments firm Circle lands $60M, expands to China

    Circle, the Boston-based maker of a mobile app built on blockchain technology that allows users to easily send and receive payment, has landed $60 million in new funding and will expand to China. Investors in the latest funding round, which was announced Wednesday, include Beijing-based IDG Capital Partners, the former Chairman and CEO of IBM (NYSE: IBM), Silicon Valley-based Breyer Capital and Beijing search engine giant Baidu (Nasdaq: BIDU). "These strategic partners are betting on Circle's…

  • Mon, Jun 20th 2016 4:40 PM

    NEW YORK: Startup expands its twist on take-out lunches

    NEW YORK: Startup expands its twist on take-out lunches

    NEW YORK -- MealPass, the $119-a-month lunch subscription service that launched here in March, is expanding from a few neighborhoods to a broader swath of Manhattan. And it is celebrating the move with free ice cream sandwiches. Co-founder Mary Biggins, who also co-founded ClassPass, launched the subscription service in beta in three cities: Miami, Boston, and midtown Manhattan, initially charging $99 per month, but upping the fee by $20 in New York, already its largest market. Conceptually, it's…

  • Mon, Jun 20th 2016 3:10 PM

    Boston-based venture philanthropy organization expands to Detroit

    Boston-based venture philanthropy organization expands to Detroit

    Nonprofit organizations in Detroit stand to receive venture philanthropy funding from Boston-based GreenLight Fund as part of an expansion into that city. GreenLight Fund Detroit will commit $3 million over the next five years to nonprofit organizations that can help with the goal of improving the lives of low-income children and families living in Detroit's high-poverty areas. John Simon, chairman and co-founder of the GreenLight Fund and a managing director of the Boston-based venture capital…

  • Mon, Jun 20th 2016 6:40 AM

    DraftKings expects to resume operations in New York after bill passes

    DraftKings expects to resume operations in New York after bill passes

    Amid reports that online daily fantasy sports startups DraftKings and FanDuel are in merger talks, New York lawmakers signed a bill this past weekend that would allow the companies to resume operations there as early as July 1. Boston-based DraftKings CEO Jason Robins said in an email statement that he welcomes legislation to regulate the "burgeoning" online daily fantasy sports industry. "The last few years have seen some of the most exciting innovations since the invention of the game, and I…

  • Thu, Jun 16th 2016 3:10 PM

    Waze partners with Mass. transit agency to help drivers avoid delays

    Waze partners with Mass. transit agency to help drivers avoid delays

    Massachusetts drivers could see a reduction in traffic delays and congestion as a result of a new data-sharing partnership between California-based navigation app Waze and the Massachusetts Department of Transportation. MassDOT announced Thursday a data-sharing partnership called the Waze Connected Citizens Program, aimed at giving drivers more information about construction, crashes and road closures. As part of the partnership, Waze will provide MassDOT with anonymous real-time information about…

  • Wed, Jun 15th 2016 5:10 PM

    Babson aims to attract foreign startup founders with new Boston program (Video)

    Babson aims to attract foreign startup founders with new Boston program (Video)

    Babson College will become the first private college in the country to offer a program aimed at attracting foreign students to build their businesses in the United States. The program, modeled after the "Global Entrepreneur-In-Residence" at the University of Massachusetts, would help foreign-born students get part-time jobs and jumpstart the H-1B visa application process -- acting as a workaround to restrictive federal immigration policy. Babson intends to announce the program at a press conference…

  • Wed, Jun 15th 2016 12:00 PM

    Babson aims to attract foreign startup founders with new Boston program

    Babson aims to attract foreign startup founders with new Boston program

    Babson College will become the first private college in the country to offer a program aimed at attracting foreign students to build their businesses in the United States. The program, modeled after the "Global Entrepreneur-In-Residence" at the University of Massachusetts, would help foreign-born students get part-time jobs and jumpstart the H-1B visa application process -- acting as a workaround to restrictive federal immigration policy. Babson intends to announce the program at a press conference…

  • Wed, Jun 15th 2016 10:50 AM

    Death-tech app makes its first acquisition, of a San Francisco startup

    Death-tech app makes its first acquisition, of a San Francisco startup

    A Boston startup that aims to preserve memories of deceased loved ones announced Wednesday it has acquired the assets of a San Francisco-based company with a similar mission. Founded by serial entrepreneur Dave Balter, Boston's Mylestoned has acquired Heirloom, a mobile app that bills itself as being able to transform photographic prints into digital images and allows people to connect privately over shared memories. The financial terms were not disclosed but it was a cash and stock deal, and none…

  • Tue, Jun 14th 2016 3:00 PM

    Startup's mantra: Eat a meal, take a picture, let AI and nutritionists do the rest

    Startup's mantra: Eat a meal, take a picture, let AI and nutritionists do the rest

    The premise of the newest healthy-eating startup lets users take a photo of their meal, send it to the Silicon Valley venture capital-backed local startup Ava via text message, and get health and caloric information with the help of artificial intelligence and nutritionists. Ava's "intelligent eating" offering emerged in beta mode this week, and the startup aims to compete with traditional food-logging and weight loss mobile apps like Boston-based Lose It! and San Francisco's MyFitnessPal. What…

  • Mon, Jun 13th 2016 4:50 PM

    Report: DraftKings, FanDuel in merger talks

    Report: DraftKings, FanDuel in merger talks

    Boston-based online fantasy sports startup DraftKings and its rival, New York's FanDuel, are reportedly in talks about a merger. The news was first reported by Bloomberg, citing people, who asked not to be identified as the talks are not public. A request for comment from DraftKings was not immediately returned. No final transaction has been agreed upon and the deal might still fall apart, according to Bloomberg. DraftKings and FanDuel were each valued at more than $1 billion at their respective…

  • Thu, Jun 9th 2016 4:00 PM

    Want to build a better company? Sleep more, says Arianna Huffington in Boston

    Want to build a better company? Sleep more, says Arianna Huffington in Boston

    Entrepreneur and media mogul Arianna Huffington predicts that one day, nap rooms will be as common in offices as conference rooms. That's because of a worldwide cultural shift among executives, employees and athletes that favors healthy sleep over burnout, a movement which Huffington is championing. "I've become a passionate advocate of recognizing that we're all living under a collective illusion, and that's in order to succeed, achieve and conquer, we have to burn out," Huffington…

  • Wed, Jun 8th 2016 8:00 AM

    Boston's newest VC firm taps Constant Contact exec as mentor

    Boston's newest VC firm taps Constant Contact exec as mentor

    Before Constant Contact was sold to Burlington web-hosting firm Endurance International Group Holdings Inc. for more than $1 billion, Chris Litster spent a decade honing his business and marketing skills at the Waltham-based email marketing software firm. Now, he's planning to use lessons learned from Constant Constant and previous jobs at companies including IBM (NYSE: IBM) to help startup founders in his new role as an executive-in-residence at Boston venture firm Underscore.VC. The firm, led…

  • Tue, Jun 7th 2016 7:20 AM

    Massachusetts toy maker sheds 50% of its staff after HQ expansion

    Massachusetts toy maker sheds 50% of its staff after HQ expansion

    OYO Sports, a sports toy startup that recently landed a tax incentive for an $8 million headquarters expansion project in Marlborough, has laid off about 50 percent of its staff in an effort to focus on profit. The startup's CEO Scott Healy confirmed that about 35 employees were recently laid off. "OYO has been a venture-backed company and operating under significant losses under the assumption that we would just keep raising venture capital money," said Healy, who was appointed CEO in October…

  • Mon, Jun 6th 2016 5:30 PM

    Mass. toy maker sheds 50% of its staff after HQ expansion

    Mass. toy maker sheds 50% of its staff after HQ expansion

    OYO Sports, a sports toy startup that recently landed a tax incentive for an $8 million headquarters expansion project in Marlborough, has laid off about 50 percent of its staff in an effort to focus on profit. The startup's CEO Scott Healy confirmed that about 35 employees were recently laid off. "OYO has been a venture-backed company and operating under significant losses under the assumption that we would just keep raising venture capital money," said Healy, who was appointed CEO in October…

  • Mon, Jun 6th 2016 3:00 PM

    Zagster's bigger HQ is a testament to bike-sharing's popularity

    Zagster's bigger HQ is a testament to bike-sharing's popularity

    During rush hour in some Cambridge neighborhoods, there are lines of bike-to-bike traffic waiting to turn at stoplights. That sight is reassurance that entrepreneur Timothy Ericson chose the right location for the expanded headquarters of his bike-sharing company, Zagster. "The culture here for biking is a good fit for us, and we wanted to surround ourselves with people that are similar in mindset," he said in an interview. Zagster's new headquarters at 25 First Street in Cambridge encompasses…

  • Fri, Jun 3rd 2016 3:50 PM

    With SpaceX talent, Cambridge bike startup surpasses $1M on Kickstarter

    With SpaceX talent, Cambridge bike startup surpasses $1M on Kickstarter

    Inspired by the motorcycle in the movie "Tron: Legacy," serial entrepreneur Michael Burtov has invented a high-tech wheel that amps up the speed and power of any ordinary road bicycle. The GeoOrbital Wheel has now raised more than $1 million from 1,300 backers on crowdfunding website Kickstarter, out of a $75,000 funding goal. The wheel retails for $950 and is being sold for about $700 on Kickstarter. "It's amazing," Burtov said in an interview. "We've gotten massive amounts of attention from all…

  • Fri, Jun 3rd 2016 2:10 PM

    This Concord startup helps women get back into the workforce after a hiatus

    This Concord startup helps women get back into the workforce after a hiatus

    In August 2011, Addie Swartz was driving on Route 128 when a couch fell off a truck and her Honda Pilot rammed into it at 65 miles per hour. Her high school-aged daughter suffered a serious concussion in the accident, which led Swartz to put her successful career as an entrepreneur and principal of i-Consumer Associates on hold. During that time, she realized how difficult it is for educated, career-oriented women to get back into the workforce after a break. That's what led Swartz to start her…

  • Thu, Jun 2nd 2016 2:10 PM

    Chinese investors bet on Boston AI tech for drones, toys, self-driving cars

    Chinese investors bet on Boston AI tech for drones, toys, self-driving cars

    A Beijing-based venture capital firm has invested in Boston-based Neurala, a maker of artificial intelligence software that has a goal for its technology be integrated into drones, self-driving cars and toys by early 2017. Neurala has landed a $1.2 million investment led by Beijing's Haiyin Capital and venture capitalist Tim Draper. Total funding to date for the company is $2 million. The new funding will allow Neurala to integrate its artificial intelligence software into consumer products made…