4/1/2015 Technical.ly Baltimore
A raise we reported on two weeks ago could turn out to be an exit. University of Maryland BioPark-based eNeura received a $15 million loan from medical device giant Orthofix. The loan will allow eNeura to commercialize its device to treat migraines. It comes with an option for Orthofix to buy eNeura within 18 months. The deal puts the merger’s price tag at $65 million.
The Brekford Corp. sold $715,000 in debt, according to an SEC filing. The Hanover-based company makes mobile public safety technology for use in vehicles and an automated traffic-ticket system. It has contracts with Baltimore County, Maryland State Police, the FBI and the Pentagon.
OrderUp landed another ex-Domino’s exec who knows his way around technology and delivery. Scott Sokoloff was hired as Chief Data Officer, the Canton-based on-demand food delivery company announced Tuesday. Along with Domino’s, Sokoloff previously worked in data science roles at TE Connectivity, Microsoft and Burger King. At OrderUp, he will “use machine learning and data insights into consumer behavior to optimize OrderUp’s delivery model,” the company stated. OrderUp also recently hired former Domino’s CIO Chris McGlothlin, who led the team that created the company’s much-loved Pizza Tracker.
Tissue Analytics, the health startup we profiled last week, announced a new partnership with WoundTech. The Florida-based company makes technology that manages wound care for health insurers in four states, and also analyzes clinical research. Tissue Analytics’ app analyzes wounds over time, allowing medical professionals to track how they progress. Tissue CEO Kevin Keenahan emails, “The partnership is going to allow us to build in our technology to their platform. They also manage the clinicians who do the wound care, so it will be the first large-scale deployment of our technology.”
The state Department of Business and Economic Development is leading a delegation of cybersecurity heavy hitters to the RSA Conference in San Francisco — including execs from Johns Hopkins, Tenable Network Security, Sonatype, ZeroFOX and Secure Mentem.
Millennial Media has a new website. Along with an updated look, an announcement says the redesign “showcases a more holistic and accurate view” of the mobile advertising company.
See Jane Invest founder and Baltimore Angels board member Kelly Keenan Trumpbour was on Fox Business Friday to check out an elevator pitch. Judging by her post-event tweet, Simplist passed the test:
Sickweather was all over the place at TechBuzz. First, the illness-tracking startup was voted strongest presentation after CEO Graham Dodge’s pitch at the D.C. event. The next day, Washington Business Journal called the ETC Highlandtown-based company one of the four startups to watch at the Mid-Atlantic Venture Association event.
The MakeGood featured Staq CEO James Curran in its “People of Ad Tech” video series.
Over at CityBizList, Newt Fowler reflects on what Angel Investors are looking for.
This Vice article calls Baltimore a dying city. Then, it calls Baltimore the Silicon Valley of medicine. All this from a self-described lab rat.See Original Article