CommerceNet

CommerceNet, established in 1994, is a venture builder based in Mountain View, California. It identifies and supports talented individuals with innovative ideas across healthcare, technology, internet, and software sectors. The company focuses on transforming existing processes by leveraging the power of the internet to make them more efficient.

Jay Tenenbaum Ph.D

Co-Founder and Chairman

11 past transactions

xCures

Series A in 2022
xCures is an AI-driven oncology company that integrates cancer research and clinical care through a platform designed to accelerate learning from real-world data. Founded in 2018 and based in Los Altos, California, it operates a perpetual trial that captures Real World Evidence across all patients and treatments to continuously learn and coordinate treatment recommendations across institutions, matching patients with therapies that show promise. The company also provides an AI-powered clinical data platform to replace manual medical record workflows, offering direct integration with health information networks, a proprietary record locator, and a data pipeline for normalization and extraction. This approach aims to reduce the time and cost of drug development, enable evidence-based decisions, and support telehealth, diagnostics, payers, and provider systems.

Cancer Commons

Seed Round in 2021
Cancer Commons is a non-profit organization that provides personalized guidance and support to advanced cancer patients and their caregivers, free of charge. Staffed by researchers with expertise in molecular biology, pharmacology, and artificial intelligence, the organization offers tailored action plans, care navigation, and personal tumor board consultations to help patients and their physicians make informed decisions about treatment options. Cancer Commons also collaborates with expert oncology collaborators to collectively reason around specific patient cases, ensuring that patients have access to the most up-to-date and relevant information for their individual situations.

xx network

Seed Round in 2021
Founded by renowned cryptographer David Chaum, xx network develops a blockchain platform focused on preserving digital sovereignty while ensuring user privacy. Its platform enables secure messaging and transactions.

CollabRx

Venture Round in 2011
CollabRx employs information technology to facilitate personalized cancer treatment planning. It combines global knowledge on advanced therapies with insights from top cancer experts, focusing initially on patients who have exhausted standard care.

Usable Security Systems

Venture Round in 2009
Usable Security Systems is a provider of computer security software and services focused on enhancing online security by eliminating the need for traditional passwords. The company's flagship product, UsableLogin, allows users to securely access any website by recognizing a personal image and recalling a simple codeword. This innovative approach aims to simplify the login process while maintaining high levels of security, addressing common vulnerabilities associated with password usage. Usable Security Systems is committed to making online access more intuitive and secure for users.

Angstro

Seed Round in 2007
Angstro is a company based in Palo Alto, California, that specializes in delivering critical business news about individuals and companies within professional networks. By utilizing platforms such as LinkedIn, Facebook, and Twitter, Angstro enables users to efficiently discover and share updates regarding colleagues and clients. The company distinguishes itself from traditional clipping services by disambiguating names and employing social graph analysis to prioritize significant relationships. Founded in 2007 by experienced entrepreneurs, Angstro focuses on enhancing the way professionals access and engage with real-time business information.

PatientsLikeMe

Series A in 2007
PatientsLikeMe, Inc. is a healthcare data-sharing platform founded in 2004 and based in Cambridge, Massachusetts. The company enables patients to share their symptoms, treatments, and health experiences, facilitating communication among patients, caregivers, physicians, researchers, and pharmaceutical companies. With over 600,000 members, it serves as a trusted source for real-world disease information across various health conditions, including cancer, mental health, and neurological disorders. PatientsLikeMe actively collaborates with major pharmaceutical companies and government organizations to integrate the patient perspective into research and public policy. The platform not only helps individuals find new treatment options and connect with others but also contributes to the development of new therapies through shared health data. The company has published more than 100 research studies, establishing itself as a clinically robust resource in the healthcare landscape. PatientsLikeMe is a subsidiary of United Healthcare Services, Inc.

Powerset

Series A in 2006
Powerset is a company that specializes in natural language processing, developing a search engine designed to understand the semantic meaning of queries rather than relying solely on keyword searches. Founded in September 2005, Powerset aimed to create a more intuitive and user-friendly search experience. The company offers a platform that enables users to search for content on the internet by comprehending the context and nuances of their inquiries. In July 2008, Powerset was acquired by Microsoft, marking a significant expansion of its capabilities within the technology landscape.

ChipIn

Seed Round in 2006
ChipIn is an online fundraising service that includes a widget and application developer for businesses. They still aim and focus on empowering and engaging a wide and distributed network of supporters particularly those with brilliant and outstanding ideas in fundraising. This is expected to apply mainly to major and large-scale funding campaigns that take into consideration all or many players in this niche. What’s more, all this is just a rough guideline of what they intend to do. Any useful suggestions of how to relaunch this platform are indeed welcome. At the end of the day, the bottom line remains that they still believe that any idea that is worth poring over is still worth seeing the light of day, as long as it is to the greater benefit of humanity.

SupplyFrame

Seed Round in 2003
SupplyFrame is an intelligence platform focused on the global electronics value chain, providing design-to-source intelligence (DSI) solutions that transform how businesses design, source, market, and sell products. The company analyzes billions of signals related to design intent, demand, supply, and risk to deliver valuable insights at critical decision points throughout the product lifecycle. With over 10 million engineering and supply chain professionals utilizing its software-as-a-service (SaaS) solutions, SupplyFrame optimizes more than $120 billion in annual direct materials spending. Headquartered in Pasadena, California, the company has additional offices in various locations including Austin, Belgrade, Grenoble, Oxford, San Francisco, Shanghai, and Shenzhen.

Webify

Series A in 2002
As of August 2, 2006, Webify Solutions, Inc. was acquired by International Business Machines Corp. Webify Solutions, Inc. provides industry-specific SOA software and services. It develops and markets on demand industry solutions to offer business agility and measurable business value for healthcare and insurance companies. The company was founded in 2002 and is headquartered in Austin, Texas.
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