Nov. 25, 2011
CAMBRIDGE, Mass. — If you’re looking for a way to work off that turkey dinner, you might try RunKeeper. The Boston startup, which helps people track their health and fitness on mobile devices, has raised $10 million from Spark Capital, O’Reilly AlphaTech Ventures and Revolution Ventures — the last led by AOL co-founder Steve Case. RunKeeper is an example of something that’s on the rise in Boston: software companies that focus on consumers.
Check in with the WGBH News show Innovation Hub on Dec. 3–4 for a conversation with RunKeeper founder/CEO Jason Jacobs.
In other deals news, Littleton-based TeraDiode, which makes high-power lasers for defense and industrial customers, received a $10 million investment; Billerica’s Harvest Automation, a developer of plant-harvesting robots, pulled in $7.8 million.
Our quote of the week captures the current sentiment among biotech investors. Jens Eckstein, head of GlaxoSmithKline’s venture capital arm, said: "It's not only a few venture firms getting out of life sciences, it's a herd!”
Meanwhile, the quest to build world-changing companies continues. On December 1 in downtown Boston, scientist and entrepreneur Stephen Wolfram keynotes a special forum called “6 by 6: Six Cities, Six Big Tech Ideas.” You can find out more at xconomy.com/bigideas.
The weekly roundup of business, technology and life science news from our partners at Xconomy.com airs every Friday on WGBH 89.7 Boston Public Radio.
Comment on This Article
News updates from WGBH