Cummings Clients in the News

Naimish Patel's Gridco Gets $8M Round
Wednesday, April 18, 2012

Gridco Inc., a startup founded by Sycamore Network's founder Naimish Patel, has secured $8 million in equity according to documents filed with the U.S. Securities and Exchange Commission early Wednesday.

7AC, FirstFuel among cleantech startups with momentum for 2012
Boston Business Journal, 1/3/12

If 2011 was a year of transition in clean technology — from a focus on capital-heavy solar to capital-light energy efficiency — 2012 could be the year when efficiency truly dominates.

Excelimmune raises $12M for superbug drug target
Mass High Tech, 12/20/11

Excelimmune Inc., the Woburn biotech working on a treatment for methicillin-resistant Staphylococcus aureus (MRSA), has rounded up $12 million from an undisclosed private investor.

Beverly incubator co. receives grant to support expansion
Beverly Citizen, 9/24/11

The Biotech InnoVenture Center in Beverly has plans to expand, and thanks to a recent grant from the U.S. Economic Development Administration, expansion is now a reality.

Powdered plasma will ‘save lives’: Beverly medical company develops technology to spray dry plasma, improving storing and shipping
Beverly Citizen, 9/17/11

Minutes can make the difference between life and death in the emergency room and on the battlefield, and a new technology being developed by Velico Medical in Beverly could improve the success of critical blood transfusions.

Mass. Life Sciences Center awards $2M in matching grants
Mass High Tech, 5/25/11

The Massachusetts Life Sciences Center doled out $2 million total in grants to four companies – Advantagene Inc., Hepregen Inc., Immunetics Inc. and Reflectance Medical Inc. – as part of its Small Business Matching Grant Program.

New England Peptide, Corvaris help form Proteomics Innovation Network
Mass High Tech, 5/18/11

New England Peptide of Gardner, Corvaris Inc. of Woburn, and 11 other product and service companies last week said they have started the global Proteomics Innovation Network to collaborate on unmet needs in drug discovery and personalized medicine.

Pressures on hospitals boost HR software firm
Boston Business Journal, 4/29/11

HealthcareSource, a Woburn-based health care human resources software firm, saw its revenue rise 33 percent and its head count grow by 80 percent in 2010, as hospitals face growing pressures to recruit the best candidates while lowering their administrative costs.

SilverRail Completes $5M Offering
Boston CityBizList, 4/14/11

WOBURN, Mass. -- SilverRail Technologies, Inc. has completed a $5 million equity offering, raising the amount from 25 investors.

Mass. company making diesel with sun, water, CO2
Yahoo News, 2/27/11

A Massachusetts biotechnology company says it can produce the fuel that runs Jaguars and jet engines using the same ingredients that make grass grow.

Green Mountain shares surge on cups of Keurig
Boston Business Journal, 2/3/11

Shares of Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) surged 15 percent Thursday morning after the company said sales at its Reading-based Keurig single-cup brewing business surged 89 percent in the fiscal first quarter.

Entrepreneur putting his energy behind the big chill
—Boston Business Journal, February 3, 2011

Peter Vandermeulen is blunt about why his new startup is emphasizing plans for a new type of air conditioner rather than a new type of solar panel, which the company is also developing to power its AC unit.

Solar Power Electrifies Tenant Base
—Banker and Tradesman, February 1, 2011

Solar power installations can offset electrical costs and create awareness of environmental issues, but the renewable energy does even more for real estate developers and landlords - it entices tenants, according to a local real estate executive.

Sciessent Acquires Agion Technologies, Raising $3M
—CityBiz List , February 1, 2011

In connection with its acquisition of Agion Technologies, Sciessent LLC has completed a $3 million offering of mixed securities for Sciessent LLC, attracting nine investors, according to an SEC filing.