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Updated: 6 hours 26 min ago

Medtech firm Biofourmis to move HQ to Boston, triple headcount

7 hours 35 min ago
After getting FDA approval to market its first artificial-intelligence cardiac tool, Singapore-based health technology company Biofourmis Inc. is moving its headquarters to Boston. Biofourmis is developing several pieces of technology that use artificial intelligence to detect and track signs of multiple sclerosis, asthma and other conditions. It received its first FDA clearance last month for a heartbeat-tracking software called RhythmAnalytics, which the company said more accurately detects…

Financial firm to create facility in Manatee County, create 70+ jobs

7 hours 53 min ago
A financial firm wants to plant a new facility in Manatee County. The company, under the code name "Project Pearl," is projected to provide $1.5 million in capital investment and create 70 high-paying jobs over five years, paying a minimum of 115 percent of the 2017 Manatee County average annual wage ($46,888) plus benefits, according to county documents.  The company is seeking incentives from the county on May 21 for the high-paying jobs it will create. Manatee County will pay $70,000 in total…

'Cool roof' app built for Buffalonians

8 hours 31 min ago
Two Buffalo re-pats came up with a pretty cool idea. Agnes Wilewicz and Jesse Farinacci are the co-developers of The Buffalo Cool Roof Project, an app that identifies dark roofs that could be painted white, decreasing the energy use of the structure. The project was the first place winner in the recent Civic Innovation Eco Challenge – Powered by AT&T, pulling in a $7,000 cash reward. Wilewicz is parter at Hurwitz & Fine PC law firm while Marinacci works at the IBM Buffalo Innovation Center.…

T-Mobile, Sprint deal moves closer to reality in shake-up for wireless industry

8 hours 35 min ago
AT&T may be closer facing to two major rivals instead of three in wireless. Federal Communications Commission Chairman Ajit Pai on Monday showed support for the deal to tie up T-Mobile US Inc. and Sprint Corp., according to a statement. The move came after the companies agreed to concessions that included changes with the businesses and investments in new technologies for rural parts of the country. “In light of the significant commitments made by T-Mobile and Sprint as well as the facts in…

Local biotech pushing tech that trains for medical emergencies nationally

8 hours 35 min ago
The Alamo City company has national deals to market its technology and a contract with the Army that could lead to more business with the Department of Defense.

Englewood defense contractor named to $34M Air Force deal

9 hours 35 min ago
The Englewood-based firm was the only Ohio company to land a spot on the lucrative defense contract.

​Trump grants temporary reprieve from Huawei ban

10 hours 10 min ago
The Chinese telecom company says the 3-month grace period ‘doesn’t mean much’

What J.P. Morgan's $500M acquisition of InstaMed means for Philadelphia

10 hours 35 min ago
There’s nothing like a big, half-billion-dollar-plus exit to boost a startup ecosystem. In the last 15 months, the Philadelphia region has seen three. “That’s a big deal for any market,” said Dean Miller, CEO and president of the Philadelphia Alliance for Capital and Technologies. The latest is J.P. Morgan’s more than $500 million acquisition of Center City health care payment tech firm InstaMed. The deal comes about three months after Swiss pharma giant Roche said it agreed to buy…

Boeing delivers trio of KC-46 tankers to Air Force in weekend sales boost

Mon, 05/20/2019 - 7:58pm
Boeing delivered three KC-46 aerial refueling tankers to the Air Force this month, bringing the number of deliveries for the jets to 11. The specially modified and militarized Boeing 767-airframe based jets that are built in Everett and flight-tested in Seattle. One KC-46 was delivered Friday to McConnell Air Force Base in Kansas, and two others were sent to Altus Air Force Base in Oklahoma on Saturday, Boeing KC-46 tanker program spokesman Chick Ramey said. “We are seeing a lot of good progress…

Grow Seattle: How the business community can help create equity in education

Mon, 05/20/2019 - 6:52pm
When the Business Journal recently convened Washington state education leaders for a roundtable discussion to promote equity in education, the consensus was Washington's education system suffers from a lack of communication with and clarity from the business community.

Site of Amazon's Bessemer fulfillment center sold in $3.7M deal

Mon, 05/20/2019 - 5:53pm
The site of Amazon's new fulfillment center in Bessemer has sold to an entity with close ties to the company's projects around the nation.

A Tesla instead of a Toyota? Two Bay Area startups team up with fresh insurance option for car-sharing hosts

Mon, 05/20/2019 - 5:51pm
Metromile and Turo, both based in San Francisco, debuted so-called "fractional insurance" to help car-sharing hosts save money on their auto insurance.

Y Combinator has a new president as Sam Altman shifts entire focus to OpenAI

Mon, 05/20/2019 - 5:51pm
Geoff Ralston is Y Combinator's new president, succeeding Sam Altman, who stepped down from that job in March. Altman has also decided he doesn't have the time to be chairman, as had been announced when he gave up the job of president. He will now be a YC adviser but will turn his full-time attention to San Francisco-based artificial intelligence startup OpenAI. "Working on OpenAI has been more exciting (and more complex) than I ever imagined, and I’m excited to be able to focus on it more fully,"…

Marvell to buy Avera Semi from GlobalFoundries in $650M deal

Mon, 05/20/2019 - 4:37pm
The acquisition includes Avera's revenue base, design agreements with several large OEMs, and a new supply agreement between Marvell and Global Foundries.

State pledges $2M loan to help space company rebuild

Mon, 05/20/2019 - 4:26pm
Aerospace company Sceye is set to receive a loan to help rebuild its local facilities and keep it moving forward in New Mexico. The company, which is attempting to develop technology for a stratospheric flight platform for monitoring remote locations and providing connectivity, will receive $2 million from the state's Local Economic Development Act fund as a two-year, no-interest loan, according to a New Mexico Economic Development Department release. Sceye has had operations in Roswell and Moriarty…

To the moon and back: NASA taps Lockheed Martin, Sierra Nevada, others for lunar lander research

Mon, 05/20/2019 - 4:03pm
NASA aims to put a man back on the moon — as well as the first woman — by 2024 and has tapped 11 companies to start working on human landers. The federal aerospace agency has awarded $45.5 million toward the effort, which is part of the Artemis lunar exploration program, which also looks toward establishing sustainable lunar missions by 2028. NASA’s proposed plan is to transport astronauts in a human landing system that will need a transfer element for the journey from the lunar Gateway…

Exclusive: Columbus-based event production company buys Cincinnati firm

Mon, 05/20/2019 - 3:58pm
Columbus-based Live Technologies has acquired Iacono Productions, a Cincinnati-based firm. The deal, which closed last week, increases Live Technologies' headcount to 235 employees, enough to make it the region's largest audiovisual production company, based on Columbus Business First research. Since its founding in 1974, Live Technologies has created and produced over 30,000 live events for premier brands, organizations, business market leaders and top-tier entertainers throughout the country. Live…

Denver real estate tech firm officially goes public, eyes Nasdaq

Mon, 05/20/2019 - 3:58pm
Its CEO says the deal is a milestone for companies looking to disrupt the residential real estate space.

San Francisco tech company opens its second-largest office in Denver

Mon, 05/20/2019 - 3:53pm
The software development company is looking to hire.

Safeguard Scientifics made $57 million from Mastercard's latest acquisition

Mon, 05/20/2019 - 6:41am
Mastercard's recently completed acquisition of an online bill payment company brought in $57 million for Radnor-based Safeguard Scientifics, the investment firm announced Friday. Safeguard invested $14.5 million in Transactis in 2014 and held a 24% stake in the company. The deal, which represents a 3.4-times cash-on-cash return, comes as Safeguard's in the process of winding down operations and monetizing its investments across what's now 18 remaining portfolio companies. Including the Transactics…