Virtual reality technology startup Oculus VR has reached a deal to be acquired by Facebook for approximately $2 billion, and two Boston-area venture capital firms, Matrix Partners and Spark Capital, are among the investors set to earn a windfall.
The company is the maker of the the Oculus Rift virtual reality headset. Matrix’s investment into Oculus has been led by Cambridge-based general partner Antonio Rodriguez, while Spark’s investment has been led by Boston-based general partner Santo Politi. Read MoreEMD Millipore taps Udit Batra to be its new president
One of the leaders of the prestigious Broad Institute will become the next president of the Kendall Square Association, a Cambridge business group that includes the likes of Google Inc. and Microsoft Corp.
Alan Fein, who is the Broad's executive vice president, will take over from Tim Rowe, chief executive of the Cambridge Innovation Center who founded the Kendall Square Association six years ago. Read More
Cambridge’s NeuroPhage Pharmaceuticals on Tuesday announced it has raised a $17 million Series D round to advance its treatments for neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease, and Huntington’s disease.
HubSpot is having a busy week with two big announcements coming this morning.
First, HubSpot’s Signals launched today as a mobile app for iOS.
Second, the inbound marketing company announced the addition of Brian Balfour as HubSpot’s new vice president of growth. Read More
Boston-based payment technology company Merchant Warehouse announced today the acquisition of Opticard, a loyalty rewards program provider.
With the addition of Opticard, Merchant Warehouse bolsters its multi-channel payment solutions that currently include software, hardware, and a "customer engagement" platform for businesses, by adding one of the country's largest reward programs. Read More
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