NineSigma raises $4M for innovation market
NineSigma, a startup that helps corporations solve problems by connecting them to a network of innovators, has raised a $4 million round of funding. The Cleveland startup says it will use the money to enhance existing services and to grow internationally.
The “open innovation” marketplace seems to be heating up — among other news, it’s part of a new research initiative at HP Labs. NineSigma says it has the largest network of this kind, and helps… Continue Reading
Seagate will buy online backup company EVault for $185M
Seagate Technology said it will acquire online storage and backup company EVault, of Emeryville, for $185 million cash.
EVault was founded in 1997, and raised at least $16 million in venture capital since 2000 from the Business Engineering Science & Technology Discoveries Fund, Council Ventures; Jemison Investment, Massey Burch, River Cities Capital Funds and individuals.
(This story originally posted 12/21)