(Editor’s Note: VETRO ended up raising $2.5 million this round. I’ve left the article as originally reported, though.) VETRO Inc., the Portland-based developer of…
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Whit Richardson
Hi, there. I'm a journalist and writer based in Portland, Maine, who's been covering the Maine business landscape for more than a decade. I did my fair share of covering paper mills and lobsters, but naturally gravitated to stories about innovative companies that, while based in Maine, sought to serve national and global markets by leveraging technology.
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0MTI: Funding requests outpace available funds by 1,100%
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The Maine Technology Institute received requests for $24.9 million in funding from its Maine Technology Asset Fund 2.5 (MTAF2.5) by last week’s deadline. With only $2…
Local fintech company releases AI-enabled software to help lenders interact with financially stressed borrowers
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Constant Energy Capital, a Falmouth-based financial services company that originates and services home-improvement loans, has released an AI-powered software platform to help banks and…
Fluid Imaging Technologies acquired by Japanese company
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Fluid Imaging Technologies Inc., a Scarborough-based company that manufactures high-tech lab equipment for particle analysis, has been acquired by a Japanese company. Yokogawa Electric…
Maine expands tax credit program to aid startups
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Gov. Janet Mills and the Maine Legislature have expanded the Maine Seed Capital Tax Credit program, which provides tax credits to investors and venture…
RockStep Solutions promotes Julie Morrison to president
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RockStep Solutions, which develops laboratory-management software, has promoted Julie Morrison to president. Morrison joined the company in 2016 as a co-founder, serving as product…
Susan MacKay steps down as Cerahelix CEO
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Susan MacKay has stepped down as CEO of Cerahelix, the Orono-based company she founded in 2011 that has patented a process to create high-tech ceramic…
Maine ranks #2 in US in creation of new employers
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Maine has the second highest percentage in the country of new businesses that begin hiring employees within two years of being founded, according to…
HighByte raises $875K in first investment round
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HighByte, a Portland-based industrial software startup, has raised nearly $1 million in debt capital from a cadre of angel investors and early-stage venture capital…
Startup Maine cancels annual conference because of COVID-19 worries
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Startup Maine, the nonprofit organization that hosts a startup and innovation conference in Portland every June, announced today that it has cancelled its 2020…