Press for Software, Systems and Services
In the heart of a baseball fan, there is only space for one team: the Red Sox or the Yankees. And rarely does the allegiance flip. In the tech world, Boston entrepreneurs have historically taken it for granted that Boston venture capitalists loved them first, best, and forever. But lately, they can’t help noticing how many local investors seem to be “carrying bags of money south on the Acela,’’ as Jules Pieri puts it. Pieri is founder of a Lexington e-commerce start-up called Daily Grommet Inc.
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.