Local SaaS company Crossbeam announced a merger today with French company Reveal. Serial entrepreneur Bob Moore told me integrating the two platforms was something customers had been asking for for awhile. Also, CBRE released its annual ranking of life sciences talent rankings and Philadelphia fell to No. 8 — but some of that could be because of changes CBRE made in its ranking process.
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Bob Moore is a mainstay of the Philly startup scene, but he'll now have an office in Paris. His company collaboration platform Crossbeam today announced a merger with Reveal, a Paris-based company with a very similar product. The combined business will operate under the Crossbeam brand, with Moore remaining CEO.
“Our platforms kind of work like LinkedIn for data,” Moore told Technical.ly. “Imagine a world where there were two LinkedIns — and half your friends are on one and half of them are on another.”
Real estate services firm CBRE released its 2024 Life Sciences Talent Trends report last week and Philadelphia came in at No. 8 in the country. Sector-wise, it ranked 8th for biopharma research and development, 7th for manufacturing and 9th for medtech.
That's a drop from last year's No. 6 overall ranking, but the same as 2022. Thing is, the methodology has changed.
• Bala Cynwyd gene therapy company SwanBio was acquired by London-based biotech company Freeline, which will now operate as Spur Therapeutics. Financial terms were not disclosed, but Freeline founding investor Syncona is committing another $50M. [Philly Biz Journal/Syncona45321]
• The Philly Commerce Department launched the Philadelphia Business Lending Network Incentive Grant, which will offer awards up to $35,000 to historically disadvantaged business owners who get loans through the program. [City of Philadelphia]
• Comcast Business is partnering with Elon Musk's Starlink to increase connectivity for customers. Starlink provides internet service using satellites in low earth orbit, which can cover places regular broadband has gaps. [Comcast/Tech Brew]
• PennState Extension is hosting a webinar next month for small business owners about summer financial recordkeeping. [PennState Extension]
🗓️ On the Calendar
• Philadelphia Tech Entrepreneurs is hosting Tech Talk Tuesdays on June 25 [Details here]
• Join OWASP Philadelphia Chapter for a discussion about secure application design on June 25 [More details ]
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