New Money for FlexGen, Neos, MacroFab, Castle & Other News
Summary
Roundup: New Money for FlexGen, Neos, MacroFab, Castle & Other News Xconomy Texas — Here is the latest innovation news from Xconomy Texas: —Houston-based FlexGen Power Systems announced Monday it has raised a $25.5 million Series A round of financing to further market and install its hybrid energy storage software in oilfield and power generation sites.—MacroFab, a cloud-based electronics manufacturing platform, has raised $2 million in seed funding in an investment round led by Techstars.The Dallas-area company is developing a controlled-release technology for ADHD drugs, which attempt to deliver liquid and pill medications in a controlled manner over time, instead of all at once.The tranche was led by existing investor Industry Ventures to help support the company’s molecular diagnostic tests–particularly the clinical adoption of its gene expression profile test for identifying metastatic risk in early stage cutaneous (skin) melanoma.The program, which has eight slots, is aimed at boosting entrepreneurship in digital health and medical devices on the part of academic researchers.
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