MedRhythms, a digital therapeutics and medical-device startup in Portland, announced on Monday that it had received Breakthrough Device designation from the U.S. Food and…
News
News
Introspective Systems rebrands as Dynamic Grid
Introspective Systems, a Portland-based startup working on cutting-edge artificial intelligence applications, has rebranded as Dynamic Grid to better reflect the company’s increased focus on…
News
MedRhythms raises money from Bose, wins national angel investment award
MedRhythms, a digital therapeutics and medical-device startup in Portland, has been racking up the headlines this month. During May, it announced that it… accepted…
Funding
VETRO raises $1M as investors bet on growing demand for broadband services
(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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MTI: Funding requests outpace available funds by 1,100%
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…
News
Local fintech company releases AI-enabled software to help lenders interact with financially stressed borrowers
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…
News
Fluid Imaging Technologies acquired by Japanese company
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…
News
Maine expands tax credit program to aid startups
Gov. Janet Mills and the Maine Legislature have expanded the Maine Seed Capital Tax Credit program, which provides tax credits to investors and venture…
News
Susan MacKay steps down as Cerahelix CEO
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…