GRAND RAPIDS - Blue Medora, a developer of software that analyzes cloud computing systems, Monday announced it had raised $4.6 million in Series A venture capital. The round was led by the Ann Arbor technology venture fund Michigan eLab, with participation from current investors Start Garden, a Grand Rapids tech incubator, the Grand Rapids angel
LANSING - It took more than seven hours, but the Michigan Senate eked out passage Wednesday of a road funding package that includes a tax increase, pumping more money from the General Fund into roads and a potential income tax cut despite sharp opposition from Democrats and one-third of the majority Republican caucus. The vote
LANSING - Ten percent of the electricity market would remain set aside for alternative electric suppliers to the big utilities, but those suppliers would have to meet new requirements and new regulations would be placed on those customers under the energy legislation introduced Wednesday by Sen. Mike Nofs and Sen. John Proos. The long-anticipated bills,
ANN ARBOR - Over the next few weeks, MITechNews.Com will be publishing excerpts from cybersecurity expert Richard Stiennon's latest book, called There Will Be Cyberwar. The book makes the case that the US military rushed to "network everything" and, like most organizations, neglected to secure its most critical systems. One point he makes is that
NEW YORK, NY - Twenty seven venture-backed initial public offerings raised $3.4 billion during the second quarter of 2015, a 59 percent increase, by number of offerings, from the first quarter of this year and more than double the level of dollars raised during the previous three-month period, according to the Exit Poll Report
GRAND RAPIDS - Cloud and managed services provider Trivalent Group announces six new hires due to increased demand for services and four internal promotions. Five employees were hired to serve at the company's headquarters in Grandville. Dennis Brown was hired as Virtual Chief Information Officer and Sara Parmeter as Human Resources Manager. New Client Service
BIRMINGHAM - CFO Services International President Pietro Sarcina has been named president of Great Lakes Angels. David Weaver will remain as Chairman and Founder. CFO Services provides advisory services, including strategic, commercial and business planning, formation of companies and business structures, origination and structuring of financial transactions, M&A due diligence, internal controls, and CFO
LANSING - A $300,000 state grant by the Michigan Strategic Fund will help an injection molding plant in Tallmadge Charter Township leverage a $14 million investment and create 54 jobs. So announced the Michigan Economic Development Corp. Wednesday. The receipient of the grant is Agape Plastics in Ottawa County, which specializes in custom injection molding
AHMEEK, MI. - Early-stage manufacturer Neuvokas Corporation, in Michigan's Upper Peninsula, has secured over $2.8 million in funding to develop a new technology. This new technology is capable of producing Fiber Reinforced Polymer rebar used in the construction industry. The funding will also support job creation and on-the-job training for new employees over the course
MOUNT CLEMENS - In a first-of-its-kind partnership, a jury summons now comes with a ride from Uber in Macomb County. Jurors will now receive an Uber code good for a $20 ride each way or $40 round-trip to and from Macomb County Circuit Court in Mount Clemens. After jurors receive a summons and answer the