CommerceNet

CommerceNet, founded in 1994 and based in Mountain View, California, operates as an incubator and venture capital firm focused on transforming existing processes through innovative Internet solutions. The firm aims to enhance efficiency by leveraging talent, collective intelligence, and intelligent software design, thereby reducing transaction costs and creating new product categories. CommerceNet's primary interests lie in revolutionizing Internet security and improving healthcare through the industrialization of therapy development. By introducing novel approaches to longstanding challenges, the firm is committed to reshaping industries while maintaining a diverse portfolio of initiatives that balance risk and opportunity.

Jay Tenenbaum Ph.D

Co-Founder and Chairman

11 past transactions

xCures

Series A in 2022
xCures, Inc. is a healthcare technology company founded in 2018 and based in Los Altos, California, focused on transforming cancer treatment through its innovative AI-based precision oncology platform. The company addresses the challenges of traditional drug-centric treatment development by integrating cancer research and patient care. Its platform operates as a perpetual trial, continuously capturing Real World Evidence (RWE) from patients and treatments, allowing for real-time learning and adaptation. By coordinating treatment recommendations across various institutions, xCures ensures that patients receive personalized treatment options tailored to their specific needs. Additionally, the platform organizes insights from tumor boards, leveraging machine learning to assist healthcare professionals in making informed decisions. This approach not only enhances the effectiveness of cancer care but also aims to reduce the time and cost associated with drug development, ultimately improving patient outcomes.

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
xx network is led by world-famous cryptographer David Chaum, inventor of digital cash and father of online anonymity.

CollabRx

Venture Round in 2011
CollabRx is a healthcare technology company that specializes in personalized cancer treatment planning. By leveraging information technology, it integrates extensive knowledge of innovative therapies with insights from leading cancer experts. The company's focus is on advanced cancers in patients who have largely exhausted standard treatment options. CollabRx offers cloud-based software that enables data analytics services, assisting healthcare providers in delivering tailored treatment solutions. Additionally, it provides urine and blood toxicology testing, as well as pain medication testing, to physicians, clinics, and rehabilitation facilities across the United States.

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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