ANN ARBOR - Molecular Imaging Inc. has closed its Series A financing round, originally targeted for $8.5 million, at $9.9 million. The company said it secured a $2.5 million investment from Beringea, Michigan?s largest venture capital fund, through the $185 million InvestMichigan Growth Capital Fund ? plus another $350,000 from existing shareholders Baird Venture Partners
ANN ARBOR - Duo Security has been promised $5 million in venture capital financing, including cash from the investment vehicle of Google. Google Ventures, Silicon Valley-based True Ventures and Ann Arbor-based Resonant Venture Partners invested in Duo, officials announced this week. True Ventures and Resonant were previous backers of Duo, which raised $1 million in
DETROIT - A coalition of unions will undertake a petition drive to place a proposed constitutional amendment on the November ballot protecting the right to collectively bargain and banning the state from enacting a right-to-work law. The Detroit News reported Thursday evening that UAW President Bob King, addressing members in Washington, informed them that a
TROY ? The March 22 annual membership meeting for the Michigan Council For Women in Technology will be focused on networking, learning and growing together. Fiserv Executive VP and CIO Maryann Goebel will deliver a dynamic keynote address discussing leadership, the benefits of mentoring and how to further your career in IT. She'll also provide
LONDON - Global police agency says sweep in Europe and South America was in response to cyberattacks on government Web sites in Colombia and Chile. Twenty-five suspected members of the online activist group Anonymous have been arrested in sweeps across Europe and South America, the international police agency Interpol told CNET News.Com. The sweep, dubbed
ANN ARBOR - University of Michigan students' school email will look a lot like their personal Gmail accounts next week. The school finalized an agreement with Google in October to transfer its email, calendar systems and other collaborative tools to the Google platform. The switch to Google - dubbed the NextGen Collaboration Project - is
ANN ARBOR - Internet2 Monday announced its call for nominations for the 2012 Richard Rose Award, which recognizes outstanding individual efforts aimed at extending the benefits of advanced networking to the education community. Nominations will be accepted until March 26. The award will be presented at the Spring 2012 Internet2 Member Meeting in Arlington, Virginia
LANSING - Spence Abraham has moved from helping to mold the federal budget to helping energy companies navigate federal regulations, and he said Michigan is one of the states that could play a role in helping make the United States more energy independent. But he urged against using taxes, at least on the federal level,
AUBURN HILLS - Reliance One plans on hiring more than 50 employees in the next five years at its new location in Auburn Hills where the staffing and business consulting company will move next week. Reliance One has purchased a 22,000 square-foot building at 1700 Harmon Road in Auburn Hills and will consolidate from its
WASHINGTON DC - The U.S. Supreme Court rejected an appeal Monday from Michigan and other states to require the U.S. Army Corps of Engineers to take several immediate steps to prevent the introduction of Asian carp into the Great Lakes. Attorney General Bill Schuette and his colleagues in other states had asked the court to