April 13, 2012
CAMBRIDGE, Mass. — While most of the tech world is talking about Facebook’s billion-dollar acquisition of Instagram, a couple of local startups in mobile and social apps are making some noise of their own. Boston-based AisleBuyer, a maker of mobile commerce apps, is being acquired by California giant Intuit, for a rumored price of around $100 million. And Charlestown-based Springpad has released a new version of its smart notebook app. The software lets you share and discover things like books, movies, and restaurants with your friends. It’s all part of a wave of companies trying to build more useful ways to navigate the Web — and the real world.
In other innovation news…
Cambridge-based Flagship Ventures and the Merck Research Ventures Fund formed a new partnership to bankroll startups that are developing drugs for unmet medical needs.
Our deal of the week goes to Waltham-based Harvest Power, which raised $110 million in venture funding for its technology that converts organic waste to energy.
And in our “distinguished visitor” category, Web startup GrabCAD hosted Toomas Hendrik Ilves, the president of Estonia, at its new Cambridge office this week. GrabCAD has operations both here and in its native Estonia; to stay connected, the teams use another Estonian-born service called Skype.
The weekly roundup of business, technology and life science news from our partners at Xconomy.com airs every Friday on 89.7 Boston Public Radio.