by Traded Media Rafi Properties, owner of Somernova, announces the expansion of the Somerville Media Center (SMC) at the innovation campus. The new state-of-the-art media center aims to enhance community engagement and creativity. SMC’s Legacy and Offerings Established in 1983, SMC has been a hub for connectivity and creativity in Somerville. It has hosted nationally recognized […]
By Greg Ryan Four years after it was founded, Somerville startup Sublime Systems has the first commercial application of its low-carbon cement: Boston’s largest “net-zero” building, the new Amazon.com Inc. tower that’s going up in the Seaport District. Contractors for WS Development poured concrete that contained roughly three tons of Sublime cement at One Boston Wharf […]
By Hannah Green A 10-year-old AI drug discovery company is moving its headquarters from New York to Massachusetts. Insilico Medicine has leased space at 1000 Massachusetts Ave. in Cambridge. The company was previously based out of an office at Cure, a New York City healthcare innovation campus, where it plans to keep a presence as it expands in […]
By Aaron Pressman Amazon unveiled its largest facility in Massachusetts on Monday, a staggering five-story warehouse in North Andover with almost 4 million square feet of space to hold everything from books and DVDs to cans of soup. The fulfillment center on the site of a former telephone company factory cost about $400 million to […]
By Aaron Pressman Amazon unveiled its largest facility in Massachusetts on Monday, a staggering five-story warehouse in North Andover with almost 4 million square feet of space to hold everything from books and DVDs to cans of soup. The fulfillment center on the site of a former telephone company factory cost about $400 million to […]
By HIAWATHA BRAY Woburn-based battery maker Alsym Energy has raised $78 million in Series C venture round led by India’s Tata Limited, along with General Catalyst Thrive Capital and Thomvest. That brings total investment in the company to $110 million. Alsym, cofounded by veteran entrepreneur Mukesh Chatter and Massachusetts Institute of Technology professor Kripa Varanasi, […]
By Lucia Maffei Can iRobot continue to spur robotics innovation even as its research and development spending is on the decline? That’s one of the big questions that emerged in the aftermath of the implosion of iRobot’s merger deal with Amazon, which forced the Bedford-based Roomba-maker to chart an alternative path to its own future while […]
By Evan Halper Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid. In Georgia, demand for industrial power is surging to record highs, with the […]
By Hannah Green Novartis is once again shelling out millions to buy a subsidiary of Boston-based IFM Therapeutics. Novartis (NYSE: NVS) said on Wednesday it is acquiring all of the outstanding capital stock of IFM Due, a subsidiary company of IFM. Novartis is paying IFM $90 million upfront for this acquisition, and IFM will also be […]
By Greg Ryan Boston-based Rafi Properties has withdrawn a zoning proposal that would enable the firm to build taller at its Somernova business campus in Somerville, with plans to refile the measure this spring after more discussions with local officials and residents. Last year, Rafi proposed replacing Somernova’s low-slung structures with five significantly taller buildings totaling nearly 2 […]
