Press for Software, Systems and Services
Raytheon Company's BBN Technologies has been awarded an additional $17 million in funding by the Defense Advanced Research Projects Agency (DARPA) in the final year of the five-year Global Autonomous Language Exploitation (GALE) program.
Data that help doctors and life sciences companies improve patient care and reduce costs will be their most valuable asset in five years, according to a survey by PricewaterhouseCoopers. If so, then Boston-based Humedica, Inc. stands to be a big winner.
Reveal Imaging Technologies Inc. said it has signed a $14.3 million contract with a Mexican airport operator to install the company's explosives detection systems at five airports.
Last month was not at all about equality, at least when it came to venture investing. Overall, monthly venture investing totals have remained pretty stable for most of the spring in Massachusetts, hovering around the $200 million neighborhood, based on data provided by private company intelligence platform CB Insights. (That’s only counting deals worth $1 million and up; we’ll write about the sub-$1 million startup financings in a separate story.) The real news each month has been whether the investments have been distributed on a relatively egalitarian basis across sectors, or whether one particular industry has charged ahead to take the majority of venture dollars.