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12 May

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Sidecar rolls out medical marijuana delivery in SF

May 12, 2015 | By |

Sidecar is aiming for a new high — literally. The ride-hailing app, which like Uber and Lyft connects a fleet of on-demand drivers with passengers via smartphone, announced Tuesday that it has formally launched a service to deliver medical marijuana to customers’ doorsteps in San Francisco, following a small pilot that began last week.

And it’s not going to make anyone wait too long either: Sidecar is pledging that marijuana deliveries will arrive within an hour of an order being placed with local dispensaries. Deliveries will be limited to one ounce per customer, but drivers might be shuttling around as many as four orders — or four ounces — at a time. The company says that medicine will be kept in a “safe, lock box during transit.”

Read more on cnet

09 May

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Ambiq Micro signs global distribution deal with Future Electronics

May 9, 2015 | By |

Ambiq Micro, Austin TX, provider of ultra-low power integrated circuits for power-sensitive applications, has signed a global distribution agreement with Montreal-based electronics distributor, Future Electronics.

Future will market Ambiq’s real-time clocks (RTCs) and the Apollo family of ARM Cortex microcontrollers (MCUs). The low power devices are based on Ambiq’s patented Subthreshold Power Optimized Technology (SPOT) platform. This technology enables the ability to operate transistors at voltage levels that are far below what is considered ‘standard’ by semiconductor industry standards. Read more on EP&T

08 May

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Huron River Ventures Announces $5mm Opportunity Fund

May 8, 2015 | By |

HRV announced our $5 million Opportunity Fund this week. The Opportunity Fund will invest in later-stage funding rounds for HRV I portfolio companies companies. Read more by Tom Henderson on crainsdetroit.com.

31 Mar

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Algal Scientific Scores $7M Series B Expand Animal Health Products

March 31, 2015 | By |

Algal Scientific, a Plymouth, MI-based startupfocused on developing algae-based chemicals to improve animal feed and human nutrition, announced this week that it has raised a $7 million Series B round.

The round was led by Formation 8, with participation from Evonik Industries and Independence Equity, all of whom have invested in Algal Scientific in the past. The company has now raised a total of $10 million since its inception in 2009. Huron River Ventures joined the syndicate and will serve as a Board Observer.

Read more on Xconomy

27 Mar

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Cribspot Helps University Students Find Rentals In Time For School To Start

March 27, 2015 | By |

Finding a decent apartment can be tough, which is why we’ve seen a recent increase in the number of startups that are aiming to serve a woefully underserved market. But finding an apartment when you’re a college student can be even tougher. Aimed squarely at the university market, a Y Combinator-backed startup called Cribspot hopes to alleviate at least some of the pain associated with finding rentals and sublets.

Read more on TechCrunch

03 Mar

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PeachWorks moves to Southfield

March 3, 2015 | By |

Michigan has a new 35-employee technology company called PeachWorks, which has moved to Southfield from Connecticut after raising $4 million in growth capital and adding a new CEO.

The company, formerly known as WhenToManage, provides cloud-based software for the restaurant industry, to help schedule staffing, manage inventory, order supplies and help with analytics of point-of-sale data.

Mark Symonds, former CEO of Troy-based Plex Systems, recently joined PeachWorks as its CEO after serving as a consultant to the firm for about a year.

Read more on Detroit Free Press

03 Mar

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PeachWorks Raises $4 Million in Funding to Grow Enterprise Cloud Platform and Solutions for Restaurants

March 3, 2015 | By |

PeachWorks, formerly known as WhenToManage, the leading provider of cloud-based solutions for the restaurant management industry, today announced that it closed $4 million in Series A financing led by Allos Ventures, a Midwest-based early-stage venture capital firm. The deal also included participation from Huron River Ventures, Arsenal Venture Partners, and Invest Detroit.

Read more on PRWeb

28 Feb

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FarmLogs introduces FarmLogs Advantage

February 28, 2015 | By |

FarmLogs, the leading data science company that helps over 20 percent of U.S. farms maximize productivity and field profitability, will unveil FarmLogs Advantage at Commodity Classic in Phoenix, Arizona. The suite of breakthrough innovations will make precision farming possible for every farmer in America. The new version of FarmLogs will offer powerful automated data collection and analysis features focused on helping farmers make their fields even more profitable.

Read on Farm & Ranch Guide

09 Feb

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Sidecar launches same-day delivery service, partners with Eat24

February 9, 2015 | By |

 


Sidecar is no longer just getting people from point A to point B — the company is delivering packages now, too.

The San Francisco-based startup announced a new service today rolling out nationwide called Sidecar Deliveries. For the past six months, the company has been testing a same-day delivery program in the Bay Area built on the mobile-based technology and independent drivers that already power its traditional on-demand transportation app.

“If you’ve taken a ride in San Francisco lately, there’s a good chance there was a passenger in the trunk — a package!” CEO Sunil Paul noted in a blog post.

Sidecar has been working with e-commerce, food, flower, and grocery companies to deliver items at a price point that is “80 percent cheaper than traditional services” and in half the typical delivery time, according to Paul. Read more on geekwire.com

06 Feb

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San Francisco-based Sight Machine raises $5M to ramp up Michigan operations

February 6, 2015 | By |

Sight Machine Inc., a San Francisco-based company that uses cloud-based technology to monitor quality control on the factory floor, has closed on a venture-capital round of $5 million to ramp up its operations in Michigan.

The round was led by the Houston-based Mercury Fund, which opened an Ann Arbor office in October, and joined by Ann Arbor-based Michigan eLab, Ann Arbor-based Huron River Ventures, Bloomfield Hills-based Orfin Ventures, New York-based IA Ventures, San Francisco-based O’Reilly AlphaTech Venturesand FundersClub, a San Francisco-based angel investors network. Orfin, IA Ventures and O’Reilly also invested in the company’s seed-stage round of $6 million in 2013.

Sight Machine was founded in Ann Arbor in 2011 by five Michigan natives. One of them, Jon Sobel, a University of Michigan law school graduate, is the CEO. He and a development staff of 10 are based in San Francisco.

Read more on crainsdetroit.com