Showing posts with label Scale. Show all posts
Showing posts with label Scale. Show all posts
Saturday, 21 February 2015
RapidMiner Picks Up $15M More To Scale Its ‘Business Source’ Data Analytics Service
Got a tip? Let us know.MenuSearchNewsChannelsStartupsMobileGadgetsEnterpriseSocialEuropeAsiaTrendingTinderNSAAndroidGoogleMicrosoftAppleTwitterFacebookAll TopicsAll GalleriesTCTVShowsTCTV NewsBuilt in BrooklynCrunchWeekFly Or DieGadgetsIncubatedInside JobsTC CribsAll ShowsAll VideosEventsTechCrunch EventsDisruptStartup BattlefieldCrunchiesMeetupsInternational City EventsHackathonIncludeNews AboutGoogle I/O 2014CESSXSWWWDC 2014All EventsSearch TechCrunchSearch TechCrunchSearchCrunchBaseFollow UsFacebookTwitterGoogle
Friday, 20 February 2015
Cloud-Based Bio Lab Startup Transcriptic Lands $8.5 Million In Series A Funding To Help It Scale
Months after announcing its Y Combinator partnership and moving into a giant new Menlo Park facility, the robot-operated biolab startup Transcriptic has raised $8.5 million in Series A funding.
Data Collective led the round, with participation from IA Ventures, AME Cloud Ventures, Silicon Valley Bank, 500 Startups, MITS Fund, Y Combinator partner Paul Buchheit and several other angel investors.
This brings the total amount of funds to just over $14 million now, giving the cloud-based lab tests startup some room to purchase proprietary equipment and start moving into drug-screening tests.
Currently, Transcriptic is the only cloud-based robotic bio lab in operation. The robotics lab arm of Emerald Therapeutics is a close competitor with a very similar end goal to run science experiments in the cloud. But it is still in the testing phase and not available to the mass public.
We set out with the goal of giving the life sciences the same structural advantages that web has enjoyed, making it possible for two postdocs with a laptop in a coffee shop to run a drug company.— Max Hodak
Transcriptic, meanwhile, pulled in a six-figure check in sales and more than doubled in size in the last year, adding several engineers to its growing team of 26. It also bought just over $800,000 worth of new robotic equipment for the new lab in January. Over half of the team are hardware engineers actually designing and building the robots that run Transcriptic’s automated lab.
Data Collective led the round, with participation from IA Ventures, AME Cloud Ventures, Silicon Valley Bank, 500 Startups, MITS Fund, Y Combinator partner Paul Buchheit and several other angel investors.
This brings the total amount of funds to just over $14 million now, giving the cloud-based lab tests startup some room to purchase proprietary equipment and start moving into drug-screening tests.
Currently, Transcriptic is the only cloud-based robotic bio lab in operation. The robotics lab arm of Emerald Therapeutics is a close competitor with a very similar end goal to run science experiments in the cloud. But it is still in the testing phase and not available to the mass public.
We set out with the goal of giving the life sciences the same structural advantages that web has enjoyed, making it possible for two postdocs with a laptop in a coffee shop to run a drug company.— Max Hodak
Transcriptic, meanwhile, pulled in a six-figure check in sales and more than doubled in size in the last year, adding several engineers to its growing team of 26. It also bought just over $800,000 worth of new robotic equipment for the new lab in January. Over half of the team are hardware engineers actually designing and building the robots that run Transcriptic’s automated lab.
By:
Unknown
On 05:01
U.S. To Scale Back Its Role In Internet Governance
Editor’s Note: Leonard Hyman is a government nerd and former Google Public Policy Fellow who lives in Los Angeles.
Even though the Internet has long been an international community, the United States has always been at its center. However, that all may be about to change as the U.S. Department of Commerce scales back its role in Internet governance. The transition is a gradual one, but by the end of the year, the DOC is expected to give up its oversight of the Internet Corporation for Assigned Names and Numbers (ICANN) to the international community.
The concept of
Even though the Internet has long been an international community, the United States has always been at its center. However, that all may be about to change as the U.S. Department of Commerce scales back its role in Internet governance. The transition is a gradual one, but by the end of the year, the DOC is expected to give up its oversight of the Internet Corporation for Assigned Names and Numbers (ICANN) to the international community.
The concept of
By:
Unknown
On 02:21
Subscribe to:
Posts (Atom)
