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.