• Wed, May 25th 2016 4:30 PM

    With three exits under his belt, serial CEO Rick Faulk joins Mass. robotics startup

    With three exits under his belt, serial CEO Rick Faulk joins Mass. robotics startup

    Rick Faulk, who helped lead his most recent company to a $65 million acquisition, has just joined an early-stage robotics startup. Locus Robotics, a Wilmington-based e-commerce fulfillment robotics startup founded in 2014, announced Wednesday it appointed Faulk as its CEO, succeeding co-founder Bruce Welty. Faulk was most recently the CEO of Chelmsford backup services firm Intronis, which was acquired by Barracuda Networks, a California-based cloud-connected security and storage firm, for a reported…

  • Tue, May 24th 2016 1:50 PM

    Self-driving taxis are becoming a reality with MIT startup

    Self-driving taxis are becoming a reality with MIT startup

    The prospect of a world with self-driving taxis might be about two years away, with a recently-closed venture capital deal for an MIT-born startup. Cambridge's nuTonomy Inc. has landed $16 million in venture funding to invest in testing software for self-driving passenger vehicles, mostly in Singapore to start. Investors include Highland Capital Partners, Fontinalis Partners and Signal Ventures. Total funding to date for the three-year-old startup is now about $20 million. "This field has been…

  • Tue, May 24th 2016 1:00 PM

    L.A. sports and tech VC firm establishes Boston presence

    L.A. sports and tech VC firm establishes Boston presence

    Los Angeles digital sports and technology venture firm Rebel Ventures is expanding in Boston, with the appointment of a former executive for Boston-based Drizly and the National Hockey League. Michael DiLorenzo will be the firm's general manager of East Coast operations and will remain in Boston. He was most recently the senior vice president of marketing at online alcohol delivery mobile app startup Drizly and formerly the senior director of social media marketing and strategy at the NHL. Rebel…

  • Thu, May 19th 2016 9:40 AM

    High-tech startups dominate in 2016 MassChallenge Boston cohort

    High-tech startups dominate in 2016 MassChallenge Boston cohort

    MassChallenge, the Boston-based startup accelerator program, announced Thursday its 128 finalists for the 2016 program. The list of finalists, which were chosen from a pool of 1,700 international applicants, can be found here. Dominating this year's cohort are high-tech startups, which represent 32 percent of the total number of finalists, or about 40 startups. About 30 percent are health care and life sciences startups, 20 percent are general, retail and consumer goods, and the rest are social…

  • Wed, May 18th 2016 3:00 PM

    Fairhaven Capital partners' new spinout will invest in AI-related startups

    Fairhaven Capital partners' new spinout will invest in AI-related startups

    Two former partners of Cambridge venture firm Fairhaven Capital have spun out a new firm of their own, focused on investing in startups that use artificial intelligence. Glasswing Ventures will be based in Boston, and was founded by former Fairhaven partner Rudina Seseri and Fairhaven co-founder Rick Grinnell. Seseri declined to disclose Glasswing's fund size, and a regulatory filing about it has not yet appeared on the Securities Exchange Commission website. Seseri said she and Grinnell will…

  • Wed, May 18th 2016 7:30 AM

    Startup execs from Mashable, FanDuel, Periscope talk innovation: Four takeaways

    Startup execs from Mashable, FanDuel, Periscope talk innovation: Four takeaways

    The founders of three of America's hottest media and entertainment tech companies are constantly under pressure, always thinking of new ways to gain an edge over competition, while also learning from missteps along the way. That was one of the overarching themes at a Tuesday tech event in Boston, where the founders of Mashable, FanDuel and Periscope spoke about markets, trends, competition and lessons learned. Here are a few takeaways from the session, hosted by the National Cable and Telecommunications…

  • Thu, May 12th 2016 1:20 PM

    New York Times food writer cuts out of Purple Carrot

    New York Times food writer cuts out of Purple Carrot

    Mark Bittman, who left a long career as a food writer at the New York Times to join Purple Carrot, a Boston-area meal-kit delivery service, is leaving the company after six months. Bittman had served as the chief innovation officer of the Needham, Massachusetts-based firm, which specializes in whole food plant-based meals and which was expanding nationally when he joined. He will keep his equity stake in the company. "I did everything I could do to help [its recent West Coast expansion], and…

  • Wed, May 11th 2016 1:00 PM

    Boston is ranked No. 1 startup hub in the U.S.

    Boston is ranked No. 1 startup hub in the U.S.

    Competition between Boston and Silicon Valley just got a little more fierce. Boston is ranked No. 1 among the top 25 startup hubs in the U.S., according to a report released Wednesday by the U.S. Chamber of Commerce Foundation and startup incubator 1776. The ranking means Boston is best positioned to lead the digital economy, though it has work to do when it comes to corporate engagement, the report found. The San Francisco Bay Area is still the leader in total startup activity, but "Boston earned…

  • Wed, May 11th 2016 11:10 AM

    Who should be part of the Upstart 100?

    Who should be part of the Upstart 100?

    The new economy is being driven by the boldest and most creative people in business today. And the Upstart Business Journal is seeking your help in identifying the best of the best as it kicks off its second Upstart 100. In the inaugural Upstart 100, we honored a few well-known names -- Mark Zuckerberg, Elon Musk, Marissa Mayer and even Taylor Swift -- along with lots of entrepreneurs and others who were making others follow their lead. These are people like LearnVest's Alexa von Tobel (New York),…

  • Wed, May 11th 2016 9:50 AM

    Boston VC firm OpenView gets a facelift

    Boston VC firm OpenView gets a facelift

    Boston venture capital firm OpenView has spent more than a year updating its mission and values statements, and redesigning its headquarters and website. It's a so-called "brand refresh" that the firm takes very seriously. In fact, to ensure that all of its team members speak eloquently about the firm's updated mission, each of them will be asked questions in a pass-fail test. (If they fail, they'll have the chance to redo it.) The goal is for the 39-person team to be able to articulate the firm's…

  • Tue, May 10th 2016 4:40 PM

    After 17 years, Cambridge investor James Geshwiler is moving on

    After 17 years, Cambridge investor James Geshwiler is moving on

    After spending 17 years as an early-stage investor in technology startups, James Geshwiler is ready to begin the next evolution of his career. Geshwiler plans to leave Cambridge-based Converge Venture Partners by the end of June. After taking a few weeks off, he plans to seek an operational role at a tech firm, perhaps in the energy space. The only certainty about his next step, he says, is that he intends to take on big challenges. Not small ones. "Those are the ones worth doing," he said. Geshwiler,…

  • Mon, May 9th 2016 2:30 PM

    Chocolate for women on their periods lands Boston entrepreneur on 'Shark Tank'

    Chocolate for women on their periods lands Boston entrepreneur on 'Shark Tank'

    Chocolate treats aimed at combating bloating and irritability for women on their periods have landed Boston entrepreneur Tania Green on ABC's "Shark Tank" reality TV show. Green will be the May 20 episode of the show, featuring her business, PMS Bites. The "bites" contain gluten-free and vegan ingredients that feature ginseng, chamomile and dandelion root, which are herbs commonly used to treat bloating, cramping and irritability associated with premenstrual syndrome. Customers can order the product…

  • Mon, May 9th 2016 12:10 PM

    Mass. tech firm plays a part in HBO's 'Silicon Valley'

    Mass. tech firm plays a part in HBO's 'Silicon Valley'

    Westborough-based SimpliVity, a venture-backed startup that makes a novel IT appliance system aimed at data centers, worked with the cast and crew of HBO's "Silicon Valley" for the show's third season. The production team visited the tech firm's headquarters this past winter to get inspiration for the "Pied Piper box" that resembles SimpliVity's converged data center hardware product, the OmniCube. SimpliVity wrote a blog post about the experience here. Backed by $276 million in venture funding,…

  • Fri, May 6th 2016 1:40 PM

    Boston VC firm gets recognition for investing in women-led companies

    Boston VC firm gets recognition for investing in women-led companies

    The corporate investment arm of Blue Cross Blue Shield of Massachusetts has operated largely under the radar, but is now generating buzz because of being a top investor in women-led companies. The health-focused investment firm, called Zaffre Investments, is being recognized Friday at a Boston venture capital summit because 60 percent of its portfolio companies are led by women. According to data analyzed by Babson College and the Capital W summit, Zaffre is the Massachusetts venture firm that…

  • Thu, May 5th 2016 4:50 PM

    Babson College students petition to bring back 'Apprentice'-like class

    Babson College students petition to bring back 'Apprentice'-like class

    Hundreds of Babson College students and alumni have signed an online petition encouraging the university to bring back one of their favorite entrepreneurship classes, whose model was akin to Donald Trump's reality TV show "The Apprentice." In the course, named "The Ultimate Entrepreneurship Challenge," student entrepreneurial teams were pitted against one another in business scenarios that resembled real-world cases. Students, acting as executives and employees, could be traded or "fired" in the…

  • Tue, May 3rd 2016 6:10 PM

    Boston startups fight homelessness and offer a free year's rent in Cambridge

    Boston startups fight homelessness and offer a free year's rent in Cambridge

    A $10 donation to a homeless shelter could win a lucky city dweller a year's worth of free rent in Cambridge -- a prize valued at more than $36,000. That's the incentive behind the new campaign launched by Boston online charity startup Flutter and apartment-finding website Sumu this week. The coveted prize has led to $4,200 in donations raised since Monday for Y2Y Harvard Square, a student-run shelter for homeless youth. There are 28 days left in the campaign. As Boston-area rents continue to…

  • Tue, May 3rd 2016 1:40 PM

    Past Reebok, Facebook execs invest in Mass. photo digitizing startup

    Past Reebok, Facebook execs invest in Mass. photo digitizing startup

    EverPresent, a Newton photo digitizing startup, has landed $800,000 in new funding from angel investors including former Reebok CEO Frank O'Connell and former Facebook executive Chris Kelly. Total funding to date for the startup is now $2 million since 2012. EverPresent helps clients organize treasured family photos and videos and plan how to digitize and display them. The company creates projects such as photo books, slide shows and cloud-based digital archives of photographs. The money will…

  • Tue, May 3rd 2016 9:50 AM

    Somerville's Formlabs acquires 'iTunes for 3-D printing' startup

    Somerville's Formlabs acquires 'iTunes for 3-D printing' startup

    Formlabs, a 3-D printer startup with headquarters in Somerville, has made its first acquisition -- of an "iTunes for 3-D printing" company called Pinshape. Terms of the acquisition were not disclosed. Canada-based Pinshape, founded in 2013, has eight employees, all of whom will remain in Vancouver. The company allows designers and brands to share, market and sell 3-D designs, and bills itself as an "iTunes for 3-D printing." It raised about $825,000 from investors including 500 Startups and ChinaRock…

  • Mon, May 2nd 2016 9:00 AM

    Boston's newest investment firm wants to disrupt venture capital

    Boston's newest investment firm wants to disrupt venture capital

    A former North Bridge Venture Partners investor is launching a new $100 million venture capital fund with CEOs of some of Boston's most well-known tech companies, including Wayfair, Rapid7, TripAdvisor and DraftKings. After spending nearly two decades as a North Bridge investor, Jamie Goldstein said he launched Pillar with the idea of upending the traditional venture capital structure to make the relationship between founders and investors more equitable and transparent. To that end, Pillar will…

  • Fri, Apr 29th 2016 4:00 PM

    Delayed robot says to frustrated customers: 'I just need a little more time'

    Delayed robot says to frustrated customers: 'I just need a little more time'

    Jibo the robot is feeling remorseful. For about a month, customers of Boston robot-maker Jibo have expressed their frustrations on Facebook about the company's delay in shipping their highly-anticipated $500 robot of the same name. The company said via Facebook in early April that they would not be delivering the robot by the March/April timeframe it had promised. In a video posted on YouTube on Friday, company executives said the robot will now be shipped in October. Executives said the delay…