Scopely, a free-to-play interactive entertainment network co-founded by Ankur Bulsara and others, has raised $60 million in a Series C financing led by Revolution Growth, which is helmed by former AOL executives Steve Case, Donn Davis and Ted Leonsis. Revolution Growth managing partner Donn Davis will join Scopely’s Board. Scopely, which has grown its revenues by nine-fold over the past nine quarters, will use the funds for strategic investments, commercial partnerships and acquisitions. “Closing less than 12 months after our Series B financing, Scopely’s new $60M Series C financing is a great validation of the company’s momentum over the last year and because the company has already reached profitability this capital infusion will enable us to expand the business through inorganic means while we continue to execute on our path of organic growth in parallel,” said Walter Driver, CEO and co-founder of Scopely. Scopely has built a technology platform to deliver mobile entertainment across different genres of games and is the partner of choice for IP holders to transform beloved brands into digital, interactive experiences. "Scopely has built a unique and powerful platform to successfully develop, market, and monetize free-to-play mobile games," said Davis. "Their platform uses data and analytics to systematically produce No. 1 games that are great to play for fans and top producers for its brand partners.”
Grant Helps Professors Create Immigration Courses
Bowling Green State University professors Christina Guenther and Vibha Bhalla have received a $100,000 National Endowment for the Humanities grant that will help them create a new course of study in migration. The individual courses created will satisfy general education requirements, according to the grant summary. In 2015 Bhalla, from the Department of Ethnic Studies, organized the first Immigrant Ohio symposium to coincide with the 50th anniversary of the U.S. Immigration and Naturalization Act, according to a Sentinel-Tribune report. Four courses from the grant will be available in the fall. The professors hope to expand the creation to full courses in the future. "More than 80 percent of our undergraduate students are Ohio-born and Caucasian," Bhalla said in a BGSU statement. "We want them to understand that the making of America has involved many different groups, and it's happening still."
Shishpal Rawat to Receive Leadership Award
Accellera Systems Initiative, an organization focused on the creation and adoption of electronic design automation and intellectual property standards, announced that Shishpal Rawat is the recipient of the sixth annual Accellera Leadership Award. The award recognizes the vision, leadership and contribution to standards development, governance and promotional activities of an Accellera member on behalf of the organization. “I am deeply honored by this recognition from Accellera,” Rawat said. “With the help of key leaders in Accellera, we were able to expand the technical scope of Accellera and also market its standards across the globe at multiple DVCon conferences. These standards continue to have a positive impact on the productivity of chip design and design tools. I look forward to continued collaboration with Accellera.” Shishpal is currently president of the IEEE Council on Electronic Design Automation. He held a variety of positions at Intel Corporation prior to his retirement last year, most recently as director of external EDA strategy. Shishpal became chair of Accellera in June 2010. Shishpal received his master’s and doctorate degrees in computer science from Penn State University and his bachelor’s degree in electrical engineering from the Indian Institute of Technology Kanpur.
Clarkson Student Receive Travel Awards
Clarkson University chemistry doctoral student Devika Channaveerappa of Bangalore received a travel award from The Protein Society to attend and present at the 31st annual symposium this summer in Montreal, Quebec. Channaveerappa is researching the molecular changes occurring in rat atria during obstructive sleep apnea. OSA is associated with atrial diseases, including atrial enlargement, fibrosis and arrhythmias. The specific molecular mechanisms of OSA-induced cardiac changes are not known. Relative comparison of proteins and their associated pathways between controls and OSA induced rat atria will help in understanding the complex pattern of changes occurring with OSA which further leads to cardiac disease, Channaveerappa said in a report.
Q BioMed Inc. Finalizes License Agreement
Q BioMed Inc. announced their entry into a final license agreement with The Oklahoma Medical Research Foundation and the Rajiv Gandhi Centre for Biotechnology. Under the agreement Q BioMed has the global exclusive rights to develop and market a novel chemotherapeutic drug to treat liver cancer. RGCB researchers identified the therapeutic effect of the compound and then entered into collaboration with OMRF to further develop and commercialize it. "We are excited at the prospect of developing a drug that could address a significant unmet medical need and benefit patients," said Dr. M.R. Pillai, director of RGCB. "This is truly an unmet need in liver cancer," said OMRF VP of technology ventures Manu Nair. "To find a plant-based treatment for a condition like liver cancer can open the door to a wide variety of other natural products for treating human disease."
Social Network Nextdoor Expands
San Francisco, Calif.-based social networking site Nextdoor is expanding into Germany, the company said. The expansion comes following recent expansions to Britain and the Netherlands. The company launched in 2011 and has grown to cover more than 140,000 U.S. neighborhoods, which Nextdoor estimates to be 75 percent of the country. The site allows residents to ask advice on everything imaginable relative to their locale via the computer or smartphone app. "Most social media apps are about self-expression," Indian American co-founder and CEO Nirav Tolia said in a U.S. News report recently. "Nextdoor is about getting things done. It's more of a utility. If you lose your dog, your online friends can give you sympathy but your neighbors help you find it." Nextdoor has raised over $210 million in funding to date and a valuation of more than $1 billion. The company has already been testing its service in 200 neighborhoods in Germany and aims to have thousands up and running by the end of this year, Tolia said in the report.