|By PR Newswire||
|August 27, 2014 07:30 AM EDT||
SEATTLE, Aug. 27, 2014 /PRNewswire-USNewswire/ -- ARCH Venture Partners, one of the largest U.S. technology venture firms investing in the development of seed and early-stage advanced technology companies, today announced that its eighth venture fund closed with more than $400 million in subscriptions. ARCH Venture Fund VIII exceeded its $250 million subscription target by more than $150 million.
"The enthusiasm behind Fund VIII shows the strength and potential of our approach to finding and funding new platform technology companies that can transform their industries through disruptive innovation," said ARCH co-founder and Managing Director Robert Nelsen.
ARCH will deploy this fund exclusively in early-stage technologies that can fundamentally change the healthcare, energy, and materials sectors. ARCH's search for disruptive technologies is global, with technology sourcing or investment primarily in the United States but also in countries where the company has extensive scientific and business relationships, including Canada, Ireland, Iceland, South Korea, China, and Japan.
In the past 24 months, portfolio companies in ARCH funds have had nine public offerings and six M/A events, including four of the most oversubscribed biotech IPO's in decades, Agios Pharmaceuticals (AGIO), Bluebird Bio (BLUE), Receptos (RCPT), and Kythera Biopharmaceuticals (KYTH). Additional exits include Ikaria, Ahura Scientific, deCODE Genetics, Sage Therapeutics (SAGE), Fate Therapeutics (FATE), BIND Therapeutics (BIND), Crystal IS, and Achaogen (AKAO).
The next generation of promising companies includes Juno Therapeutics, Siluria Technologies, 908 Devices, VentiRx Pharmaceuticals, AgBiome, Xtera Communications, and Twist Biosciences.
Real Venture Capital
For nearly 30 years, ARCH has defined itself as a "real" venture capital firm—seeking risk and backing disruptive technology in biologic and physical sciences, where breakthrough technology matters. The same co-founders, Robert Nelsen, Keith Crandell, and Clint Bybee have been with the firm since its inception. Steve Gillis, Kristina Burow, Paul Thurk, and Mark McDonnell have since joined them.
"ARCH has a unique global view on innovation with an excellent network of the best scientific talent, leadership teams, analysts and industry connections that allows us to both originate companies and groom them for success," said Keith Crandell, co-founder and Managing Director.
Among many landmark investments, ARCH seeded the largest genomics company in the world, the producer of the largest K-6 math curriculum, the creator of the first process that economically converts natural gas to gasoline, the developer of a nasal flu vaccine, the first nanotechnology company, the first social network to hit $100 million in revenue, and the company that developed the leading chemical weapon detection technology for the TSA and military.
In addition to commitments made to Fund VIII, ARCH's relationships with its limited partners, strategic investors, and crossover investors have the potential to support rapid, large-scale funding for pioneering companies like Juno Therapeutics. Juno, in which ARCH was the co-founder and sole early-stage venture capital investor, earlier this month announced $300 million in first-year funding.
"The additional capital that we can source from our limited partners, corporate partners, and public funds means we have the ability to bring as much as $200 million into a single company," said Nelsen.
About ARCH Venture Partners
ARCH Venture Partners, one of the largest early-stage technology venture firms in the U.S., invests in the development of seed and early-stage advanced technology companies. ARCH enjoys special recognition as a leader in the commercialization of technologies developed at academic institutions, corporate research groups and national laboratories. ARCH invests primarily in companies it co-founds with leading scientists and entrepreneurs, concentrating on bringing to market innovations in life sciences and physical sciences. ARCH has raised approximately $1.9 billion of committed capital through eight venture funds to date and has funded more than 180 new ventures over its 28-year history. The firm has offices in Chicago, Seattle, Austin, and San Francisco. www.archventure.com
SOURCE ARCH Venture Partners
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Mar. 26, 2017 12:30 AM EDT Reads: 5,147
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 26, 2017 12:30 AM EDT Reads: 2,869
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 26, 2017 12:30 AM EDT Reads: 1,830
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 26, 2017 12:15 AM EDT Reads: 709
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Mar. 26, 2017 12:00 AM EDT Reads: 4,103
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 26, 2017 12:00 AM EDT Reads: 1,689
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
Mar. 25, 2017 11:15 PM EDT Reads: 2,912
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
Mar. 25, 2017 10:45 PM EDT Reads: 3,615
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Mar. 25, 2017 09:45 PM EDT Reads: 3,556
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
Mar. 25, 2017 08:45 PM EDT Reads: 5,971
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 25, 2017 08:45 PM EDT Reads: 2,758
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Mar. 25, 2017 06:15 PM EDT Reads: 2,562
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 25, 2017 05:15 PM EDT Reads: 1,935
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Mar. 25, 2017 04:00 PM EDT Reads: 510
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle.
Mar. 25, 2017 04:00 PM EDT Reads: 2,831