Welcome!

News Feed Item

Spring Mountain Capital, LP Leads Investment in IsoPlexis Corporation

NEW YORK, Aug. 5, 2014 /PRNewswire/ -- Spring Mountain Capital, LP, a New York-based investment management firm, announced today that its private equity group structured and led a growth equity investment in IsoPlexis Corporation. 

IsoPlexis has developed a break-through single cell immunoassay and related software that provides in-depth understanding of immune and cancer cells.  The Company's advanced cell assay can identify and characterize up to 45 secreted proteins from individual cells and their effects on the immune system – an amount of information that researchers thus far have been unable to obtain on a single cell basis using currently available methodologies and tools. 

The IsoPlexis technology has important implications in immunology, a field where drug researchers and the academic community are devoting considerable resources to learn how to activate the body's own immune systems to fight and prevent diseases.  The innovative IsoPlexis tool is currently being used by research institutions, including the leukemia department at the Memorial Sloan Kettering Cancer Center and the rheumatology and immunobiology departments at the Yale University School of Medicine.   

IsoPlexis was founded by Dr. Rong Fan, Associate Professor of Biomedical Engineering at Yale University, who received a National Science Foundation Faculty Early Career Development Award in 2014 and was named a Packard Fellow for Science and Engineering in 2012.  The Company was co-founded and is led by CEO Sean Mackay.   

"Cells use proteins to talk to each other, and I wanted to know what they were talking about," said Dr. Fan. "The potential applications are very broad. We're entering the era of cellular medicine."  CEO Sean Mackay added, "By expanding the ability to detect cellular activity, we offer researchers the ability to ask questions they could not before. How do complex diseases and therapies impact patients broadly at the cellular level? We are excited to help them find the answers."

"We are quite excited by our partnership with IsoPlexis and the impact the Company's technology is expected to have on the fields of cancer immunology, infectious diseases, and autoimmune disorders," said Gregory P. Ho, President of Spring Mountain Capital. "This opportunity fits perfectly with the strategy of Spring Mountain Capital's private equity group of investing in opportunities created by break-through innovations."

Other participants in the financing round include Connecticut Innovations, YEI Innovation Fund (a part of the Yale Entrepreneurial Institute), Yale University, and North Sound Ventures, among others.

ABOUT SPRING MOUNTAIN CAPITAL, LP
Founded in 2001 and located in New York, Spring Mountain Capital, LP ("SMC") is a private investment management firm that focuses on alternative asset investing and offers investors a wide range of strategies designed to produce attractive risk adjusted returns.  SMC has a dynamic and opportunistic mindset with a client-oriented focus that drives it toward providing investors with intelligent and sophisticated investment opportunities.  The private equity group at SMC makes growth equity investments in small capitalization companies.  Its "investing in the gaps" philosophy capitalizes on market dislocations, information asymmetry, illiquidity and complexity.  It seeks to invest in opportunities that benefit from break-through innovations, fundamental market changes, and paradigm shifts.

ABOUT ISOPLEXIS CORPORATION
IsoPlexis has developed a single cell multiplexing immunoassay and software suite that provides in-depth biological characterization of important immune and cancer cell subsets. The Company's tool enables discovery of novel biomarkers and accurate testing of molecules for clinical activity against these heterogeneous subsets.  The tool is able to identify and characterize up to 45 secreted proteins on a single cell basis.  IsoPlexis is based in Branford, CT.  For further information, please visit the Company's website (www.IsoPlexis.com). 

For further information: 
Raymond L.M. Wong (212-292-8334)
Jamie Weston (212-292-7056)
www.springmountaincapital.com 

SOURCE Spring Mountain Capital, LP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...