An SEC filing reported by MarketBrief has revealed that Minneapolis-based enStratus Networks has raised $3.5 million in venture capital. The total size of the round is $4.5 million, a reliable source told me, but the investor for the additional $1 million has not yet been announced. Founded in 2009, enStratus provides a cloud infrastructure management [...]
Continue reading...1. November 2011
And what better place to start than, uh, St. Cloud? Actually, the company I’m about to alert you to, Vaultas, is a data center company that’s based in nearby Alexandria, Minnesota. But it just announced plans to expand into the much larger St. Cloud market, increasing its footprint in Central Minnesota. Vaultas develops, owns, and [...]
Continue reading...7. October 2011
Several hundred tech lovers crammed into Schulze Hall at the University of St. Thomas last night and challenged the air conditioning on another day of near-record highs in the state, for the latest edition of the quasi-quarterly Minnedemo event. Luckily, there was plenty of cold beer — thank you, sponsors — and a damn nice [...]
Continue reading...3. October 2011
The Minnesota-based SaaS company Rocware has recently released an enhanced B2B platform offering, which allows businesses to create, connect, and intuitively maintain their expansive online product catalogs. This platform allows businesses to seamlessly connect to existing and prospective customers through private invitation, technology features found in traditional social media. This interconnectivity creates an instant conduit [...]
Continue reading...26. July 2011
We were delighted to see that friend of Minnov8, Lief Larson and crew, have landed $900k to accelerate their vision of delivering a platform to maximize sales force and customer service engagement for organizations. The Gang has used Workface’ profiles since the beginning and have watched this startup closely as they’ve continued to execute on [...]
Continue reading...22. June 2011
I stopped into a reception held last evening at the U of M’s Carlson School for this year’s group of semifinalists in the annual Minnesota Cup. It’s the seventh year of this business plan competition, which has gained broad support from our business community. I had a chance to interview cofounder Scott Litman, who talked [...]
Continue reading...25. April 2011
(Note: This post first appeared earlier today on the writer’s personal blog, Tech~Surf~Blog.) The major Amazon Web Services outage that began this past Thursday morning was unlike anything before it. Countless AWS customers, big and small, went down, many for days. Surprisingly, other biggies like Netflix, SmugMug, and Twilio had little or no disruption. One [...]
Continue reading...14. March 2011
Hopkins-based ARAcontent, which has been a leader in content-based marketing solutions for more than 15 years, announced today it has changed its name to Brandpoint, underscoring the organization’s evolution from a provider of traditional PR brand storytelling into a comprehensive, content-based digital marketing platform. Brandpoint offers three core product channels, each enhanced by accurate, real-time [...]
Continue reading...11. November 2010
Twin Cities Business (TCB) magazine reported today that Polar Semiconductor Inc. (PSI) is planning to build a new facility, adding to its existing 200,000-square-foot facility in Bloomington, just East of the Mall of America on Old Shakopee Road. It cited documents recently filed with the City of Bloomington’s planning division. But the biggest news is [...]
Continue reading...10. October 2010
We’ll find out Thursday, because I’ll be there to live-blog it all: the proceedings of the annual Minnesota Venture & Finance Conference at the Minneapolis Convention Center, co-hosted as always by the Minnesota Venture Capital Association and The Collaborative. The blue-suit crowd will turn out once more to hash over where, oh, where is venture [...]
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3. November 2011
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