Atlas Venture

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Design Grab
Product design startup GrabCAD acquired by Stratasys for $100 million
Image via GrabCAD
Computer-aided design (CAD) startup GrabCAD of Cambridge has been acquired by Stratasys (SSYS), a Minnesota-based 3D printer and 3D production systems maker. Although terms of the deal were not disclosed, a source close to the deal said that it is for $100 million in cash and stock. Read More
Helping Hands
Governor Patrick, Mayor Walsh officially make Wednesday 'Tech Gives Back Day'
Governor Deval Patrick, Mayor Martin J. Walsh and MassChallenge's Ryan Walsh , at MassChallenge
City of Boston Mayor Martin Walsh has issued a proclamation making Wednesday "Tech Gives Back Day" in the city. Last week, Governor Deval Patrick, also proclaimed that September 10, will be Tech Gives Back Day for the Commonwealth of Massachusetts. Read More
Boston Tech helping the community
TUGG's Tech Gives Back day right around the corner, with new SVB partnership
Image via TUGG
Boston innovation community non-profit, Technology Underwriting Greater Good, will be holding its fourth annual Tech Gives Back day on Wednesday, Sept. 10. This year, the day-long event—at which employees of local tech companies fan out across Greater Boston to help charities with various projects—will feature a new co-host, Silicon Valley Bank. Read More
The Next Sports Hub
Fancred raises $3 million to become the online gathering for sports fans
BARRY CHIN/GLOBE STAFF
Fancred, the Boston-based mobile and online sports fan hub, announced today that is has received $3 million in funding from a group that includes new investor Breakaway Innovation Group as well as Atlas Ventures and Militello Capital, who participated in the company's $1.5 million seed round. Read More
Moving Pieces in Boston Tech
Cort Johnson joins Atlas Venture and SVB's Smith Anderson joins Terrible Labs
(image via Mike Schneider -@schneidermike)
Cort Johnson is one of those entrepreneurs in Boston that not only seems to have his finger on the pulse of everything that is happening in the city, but also is well-respected and admired by almost everyone from venture capitalists to CEOs to software developers to budding founders. Read More
The long and winding road
Lilliputian Systems, MIT spin-out that raised $150 million, runs out of fuel
Former Lilliputian employees Mouli Ramani and Souren Lefian in the company's lab in 2011. Photo by Scott Kirsner for BetaBoston.
One of Boston's best-capitalized — and oldest — startups has run out of fuel thirteen years after it was founded. Lilliputian Systems, which had been developing a $300 system called Nectar that used butane to charge up portable electronics, has been selling off equipment and intellectual property, and plans to vacate its Wilmington office by September, CEO Sohail Khan tells me. That is after about $150 million of investment from venture capital firms that included Kleiner Perkins, Atlas Venture, Fairhaven Capital Partners, Stata Venture Partners, RockPort Capital, and Intel Capital. Intel had hoped to produce components of the Lilliputian system at its microchip factory in Hudson, which is being shuttered this year. Read More
Grab a Beer for a Good Cause
TUGG tech beer crawl set for Davis Square
(Image via Clypd)
Yesterday, we looked at how beer culture plays a role as a team builder and a recruiting tool for startups. One of the companies featured, Clypd, a data-driven television advertising platform based in Somerville's Davis Square, was singled-out for its great bar (with iced coffee on draft) and awesome craft beer selection. Well, now you have a chance to check out Clypd's great office, drink some beers, and network with other tech folks, all for a great cause. Read More