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St. Louis fintech startup taps its own customers for $9.5M Series A round

Technology News - 6 hours 49 min ago
Fast-growing St. Louis fintech startup Neocova said Wednesday it plans to further expand after raising $9.5 million in a Series A financing round. The St. Louis startup tapped its own market segment — community financial institutions — for the Series A funding. Multiple community banks were investors in the financing, including Bank of St. Elizabeth, Coastal Community Bank, First Financial Bank, Kearny Bank, Provident Bancorp Inc. and Sunwest Bank. “This raise is both a statement of intent…

Ecovative moves manufacturing to California, Europe as it focuses on next wave of innovations

Technology News - 6 hours 50 min ago
Ecovative plans to convert its Green Island warehouse space in order to build more capacity for research and development into alternative meat and materials for apparel and skin care.

Here are the 11 hottest Bay Area startups after Q4 funding rounds

Technology News - 6 hours 50 min ago
These 11 Bay Area companies all scored new rounds in the fourth quarter at valuations of more than $100 million and at least a 4X jump in how much investors think they are worth, according to PitchBook Data.

BAE inks $400M Army deal for armored vehicles

Technology News - 7 hours 5 min ago
BAE Systems Inc. secured a $400.9 million contract modification Tuesday to supply the Army with 160 Armored Multi-Purpose Vehicles (AMPV) as part of an ongoing contract with the service.  The win adds to a 2014 contract the Arlington company secured for engineering, manufacturing and development and low-rate initial production of the AMPV, which is intended to phase out the Vietnam-era M113 armored personnel carrier. BAE rolled out the first prototype of the AMPV in 2016, which come in five variants:…

Cary real estate company files papers to sell shares to the public

Technology News - 7 hours 15 min ago
A little known Cary real estate brokerage firm wants to raise millions from public to forward its business model.

Austin startup Vapor IO raises $90M from Berkshire Partners, Crown Castle

Technology News - 7 hours 24 min ago
Austin edge computing startup Vapor IO Inc. likes to talk about the “third act of the internet.” This is the perhaps inevitable evolution of how we use networked computing, and it’s geared toward quickly storing, managing and analyzing data near its sources. Essentially, it’s the type of network service that’s required to build out 5G networks, enable autonomous vehicles and power next generation applications that will react magnitudes faster than what's available today. And Vapor IO just…

Study predicts big benefits for additive-manufacturing center

Technology News - 7 hours 28 min ago
Neighborhood 91, the new additive manufacturing center being built at Pittsburgh International Airport, will create thousands of jobs and provide billions of dollars of economic impact on the region in a 10-year period, according to a new report. The complex, which is being constructed on land owned by the Allegheny County Airport Authority, is a project of Pittsburgh International Airport, the University of Pittsburgh and Arencibia. It’s billed as the first centralized ecosystem for additive…

S.F. marketing tech startup snags $210M funding round, unicorn status

Technology News - 7 hours 32 min ago
Last year it doubled its headcount to reach 850 employees and expects more considerable growth at its San Francisco headquarters and New York office.

Children's Mercy researcher creates 'foolproof' solution for challenging vital sign

Technology News - 7 hours 33 min ago
Dr. Susan Abdel-Rahman, director of innovation in health care delivery research for Children's Mercy's Research Institute, recognized the need for a device that could quickly and accurately estimate weight — a fundamental and critical measurement for health that is so often lacking in developing countries.

SpaceX to blast more satellites into orbit

Technology News - 7 hours 35 min ago
Hawthorne, California-based SpaceX is targeting 10:54 a.m. on Jan. 24 to launch 60 satellites from Cape Canaveral. The launch — company’s third this year — is its latest move to build a constellation of satellites and provide internet service in the U.S. as early as this year.   The weather there on Jan. 24 is 80% favorable for launch, according to the 45th Weather Squadron — an Air Force unit based in Cape Canaveral. SpaceX livestreams its launches on its website. Launch dates and times…

Startup to provide Austin school district with virtual doctors

Technology News - 12 hours 53 min ago
Starting next school year, Austin students will have access to virtual doctor visits if they feel sick at school. Pediatricians via video chat will be able to diagnose, treat and even test students immediately for strep, flu and lice. This will be a new partnership between the Austin Independent School District and pediatric telemedicine service Virtual Care for Kids, created by Houston-based pediatric health care company Urgent Care for Kids. The company is able to provide the service and medical…

This Fulton startup just raised $6.8M — and it's moving to Philadelphia

Technology News - 13 hours 9 min ago
Circonus, the data tech startup led by veteran Philadelphia tech executive Bob Moul, raised $6.8 million in a Series A1 funding round as it seeks to grow its staff and relocate its Fulton headquarters. The new funding round was led by Philadelphia-based investment firm Osage Venture Partners, joined for the first time by Ben Franklin Technology Partners of Southeastern Pennsylvania, the regional arm of the state-backed seed fund, and Bull City Ventures, an early-stage venture firm based in Durham,…

Target-owned Shipt will make same-day deliveries for Office Depot

Technology News - 13 hours 9 min ago
Shipt, the delivery business owned by Target Corp., is expanding its partnerships with other big-box retailers.  The Birmingham-based provider will be doing same-day delivery from OfficeMax and Office Depot locations in more than 200 markets.  “Our vision at Shipt is to deliver the products consumers need so that they can spend their time doing what matters most,” said Kelly Caruso, CEO of Shipt. “With Office Depot, we’re now able to serve more people in more ways – from the local business…

Elk Grove technology company up for state energy grant

Technology News - 13 hours 10 min ago
An Elk Grove startup lighting company is up for its second grant from the California Energy Commission, this one to help commercialize its technology to easily retrofit fluorescent light fixtures in office and commercial buildings. Empow Lighting LLC was a 2018 winner of a $150,000 concept award from the commission’s California Sustainable Energy Entrepreneurship Development program, or CalSEED. The company is now up for a $450,000 prototype grant from CalSEED, according to an agenda for a commission…

Maryland startup raises $6M to help patients navigate chronic illness

Technology News - 13 hours 10 min ago
Patient concierge startup HelpAround has nabbed $6 million to help people with chronic diseases stick with their treatment. The Bethesda company, whose mobile platform connects patients with resources for the drugs they’re prescribed, is pushing deeper into the specialty pharmacy arena — where medications are high-cost and complex — after focusing first on the diabetes and renal disease space. The business is now partnering with these drug manufacturers to keep patients from dropping out of…

Here’s when SpaceX plans to launch humans

Technology News - 13 hours 19 min ago
Human space launches are one step closer to returning to Central Florida after a successful test launch. NASA and Hawthorne, California-based SpaceX are targeting second-quarter 2020 for a crewed launch of SpaceX’s Crew Dragon spacecraft, SpaceX founder Elon Musk said at a press conference following a safety test of Crew Dragon on Jan. 18. The safety test, which launched from Cape Canaveral, was one of the final milestones SpaceX needed to meet before it could attempt crewed launches.  The…

NEWSMAKER: What Honeywell's CTO sees for company's tech growth here

Technology News - 13 hours 26 min ago
Suresh Venkatarayalu, Honeywell International Inc.’s chief technology officer, finds Charlotte fertile ground for his part of the business and pushed for the company's headquarters move here for that reason.

Software firm Sysdig, with Raleigh operations, raises $70M

Technology News - 13 hours 37 min ago
A California software company with its eye on Raleigh just raised $70 million.

IBM CFO: Big Blue and Red Hat are 'truly better together'

Technology News - 13 hours 40 min ago
Six months after IBM’s $34 billion buy of Red Hat closed, the Raleigh-based open source software firm is growing underneath its new parent. IBM reported that Red Hat’s revenue was up 24 percent in its just-announced fourth quarter, eclipsing $1 billion a quarter for the first time. “We’ve got good momentum,” says Jim Kavanaugh, CFO of IBM. “We’ve spent a lot to invest and modernize our software portfolio… to play out the synergistic value of IBM plus Red Hat, and I think we’re…

Shipt partners with Office Depot on same-day delivery

Technology News - 14 hours 1 min ago
Shipt is expanding its same-day delivery services by partnering with Office Depot Inc.  The Birmingham, Alabama-based company will be doing same-day delivery from Boca Raton-based OfficeMax and Office Depot (Nasdaq: ODP) locations in more than 200 markets.  The deal comes as Office Depot is slated to close 90 stores over the next two years, shrinking its brick-and-mortar retail operations. The company is instead doubling down on B2B services and boosting its online sales. “Office Depot is…