News

Tramway Venture Partners:

New Venture Capital Fund Will Be Critical To Start-Up Growth

Priming the pump By Kevin Robinson-Avila / Journal Staff Writer ALBUQUERQUE, N.M. — New Mexico is still mired in muck from the recession, but better times may be coming for local entrepreneurs looking to start new businesses. About $40 million in new venture capital could soon be flowing into startups across the state now that…

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New state Catalyst Fund announces first awards

BY KEVIN ROBINSON-AVILA / JOURNAL STAFF WRITER Many cash-strapped New Mexico startups may soon get a critical boost from a state-backed investment program that’s pumping an initial $4.65 million into three local venture funds. Gov. Susana Martinez announced Tuesday that the state’s new $20 million “Catalyst Fund” is making its first three commitments to investment funds…

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$40 Million Investment in New Mexico Startups

Albuquerque, N.M. – Today, Governor Susana Martinez announced $40 million worth of investments in New Mexico startups. A $20 million Catalyst Fund is being launched that will raise a matching $20 million in private equity for investments in local startups. The Catalyst Fund is expected to support more than 50 companies in New Mexico and will…

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Armonica Technologies:

Armonica Technologies closes B Round Financing

ALBUQUERQUE, N.M., Oct. 18, 2021 /PRNewswire/ — Armonica Technologies, Inc., a biotechnology company developing a high throughput, direct long-read DNA sequencing technology, announced that it has raised $2M in new funding.  The financing included Hamamatsu Photonics K.K. and current investors Cottonwood Technology Fund, Sun Mountain Capital and Tramway Venture Partners. The funding will support further feasibility demonstration of company’s…

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Armonica Technologies Awarded NIH Grant

ALBUQUERQUE, N.M., March 29, 2021 /PRNewswire/ — Armonica Technologies, Inc., a biotechnology company developing a novel DNA sequencing system based on nano-structure devices, announced that the company has been awarded an SBIR grant from the NIH’s National Human Genome Research Institute for “Single molecule DNA/RNA transport and Raman scattering readout in a coupled nanochannel/nanopore sequencing system.”  The award…

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Armonica Technologies secures new patents advancing their long-read DNA successes

ALBUQUERQUE, N.M., Nov. 14, 2018 /PRNewswire/ — Armonica Technologies, Inc, an Albuquerque, NM-based company focused on building its proprietary long-read DNA sequencing technology (the “Company”), chalked up new Intellectual Property success in 2018 by securing two new patents covering its innovative approach. As it advances the stage of its technology, the Company is generating excitement within the…

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BennuBio:

BennuBio Hires Matthew Hess as COO

BennuBio has hired Matthew Hess as Chief Operations Officer. He has over 20 years experience helping start-up companies bring technology to market. With a background in software engineering and experience in life sciences tools and flow cytometry, he was instrumental in the success of Intellicyt, a local company, which pioneered the concept of high-throughput flow…

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BennuBio moves into larger facility

In response to continuing success of their novel large particle flow cytometer, BennuBio has moved to a larger facility to consolidate engineering, administrative and laboratory in one building. Formerly located in the WESST Enterprise Center, and with shared laboratory space at TriCore Reference Laboratories, BennuBio is now located at 6610 Gulton Ct. NE in Albuquerque….

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Spherical analysis

BY KEVIN ROBINSON-AVILA / JOURNAL STAFF WRITER PUBLISHED: FRIDAY, JULY 17TH, 2020 Medical device startup BennuBio Inc. won a $1 million National Institutes of Health grant to add rapid analysis capability for complex, three-dimensional cellular “spheroids” to its existing cell-screening technology. BennuBio already developed a super-fast cytometer, or cell meter, that can process single-cell samples 100…

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WaveDyn Vision:

WaveFront Dynamics Inc. Initiates $3mm Series A Round to Fund Continued Development of Dynamic Wavefront Measurement System for Vision Correction

ALBUQUERQUE, N.M.–(BUSINESS WIRE)–WaveFront Dynamics Inc. (WaveDyn™), an early stage ophthalmic medical device company, today announced the first close of a $3 million Series A financing round. The round was led by new investor Tramway Venture Partners LP and included investments from a Phoenix Venture Partners LP affiliate and an additional angel investor. In connection with the…

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WaveFront Dynamics Names Jeff Kolberg as New Chief Commercial Officer

ALBUQUERQUE, N.M.–(BUSINESS WIRE)–WaveFront Dynamics Inc. (WaveDyn™), an early stage ophthalmic medical device company, today announced that Jeff Kolberg has been appointed as the company’s Chief Commercial Officer (CCO). Mr. Kolberg joins the leadership team with extensive industry experience to lead WaveDyn’s corporate strategy and future commercialization of its products, including overseeing marketing, sales and service…

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WaveFront Dynamics Announces Opening of New Corporate Headquarters in Albuquerque, NM

ALBUQUERQUE, N.M.–(BUSINESS WIRE)–WaveFront Dynamics Inc., an early-stage ophthalmic medical device company, is expanding its operations with the opening of its new headquarters in Albuquerque, NM. The new facilities consisting of office, development labs, and manufacturing space will meet the needs of the company’s growth through its next stage of development and commercialization. “The company has…

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Vitazi.ai:

Vitazi.ai Creates a Platform to Deliver Artificial Intelligence to Improve Physician Efficiency and Diagnostics Accuracy

    Vitazi.ai is reimagining image-based diagnostics so providers can gain higher quality, real time & trustable health insights.  October 8, 2021  Albuquerque, New Mexico — Today Tramway Venture Partners II announces the launch of Vitazi.ai, an internally incubated startup, focused on delivering a new artificial intelligence platform that will enable customers to apply consistent…

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