As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Notable news stories from last week included: Durham-based RNA therapeutics company Ribometrix formed a partnership with Genentech that could be worth over $1 billion; Indiana-based MetroNet will invest over $70 million to build a fiber-optic network in Fayetteville and provide broadband and other services across Cumberland County; investments in North Carolina startups topped $3.6 billion in 2020, ranking sixth for the total amount of venture investments raised nationwide.
Several North Carolina companies secured new funding last week: Research Triangle Park-based BioAesthetics ($5 million), RTP’s ImagineOptix ($200,000), Raleigh-based InsightFinder ($725,000), Cary-based marGo ($4 million) Durham-based NALA Systems ($700,000), Charlotte-based AvidXchange ($5 million), Winston-Salem’s Xpand Gaming ($50,000) and Durham-based GeneCentric Therapeutics ($1.2 million). Read more local startup news in our weekly Startup Rewind edition.