Tuesday, October 29, 2013

Bay Area Tech Wire -- Oct. 29

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BAY AREA TECH WIRE -- Oct. 29, 2013
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o
South San Francisco-Based Calithera Biosciences Raises $35 Million
o Computer Giant Dell Completes $24.9 Billion Deal to Go Private
o San Mateo-Based Rumble Entertainment Raises $17.5 Million
o Comcast Program Connects More Than 1 Million to Low-Cost Broadband
o New Non-Profit to Support Growth of Internet Domain Name Industry
o
Briefly Noted: CloudSigma - Equinix
, SanDisk - Magisto
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o South San Francisco-Based Calithera Biosciences Raises $35 Million

South San Francisco -- Calithera Biosciences, a South San Francisco-based biotechnology firm developing cancer therapeutics, said on Tuesday it has raised $35 million in its fourth round of funding, led by Adage Capital Partners. Longwood Fund and two other new investors joined previous backers Morgenthaler Ventures, Advanced Technology Ventures and Delphi Ventures in the round, which the company will use to accelerate the development of its lead clinical-stage candidate. The drug, currently known as CB-839, blocks the growth and survival of many different types of cancer cells by interfering with their metabolism of glutamine. "We will advance CB-839 through an early set of clinical trials aimed at identifying specific populations of cancer patients with glutamine-dependent tumors that would benefit from treatment with CB-839," said Susan Molineaux, the company's president and CEO.
http://www.calithera.com 
http://ca.finance.yahoo.com/news/calithera-biosciences-secures-35-million-123000677.html 
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o Computer Giant Dell Completes $24.9 Billion Deal to Go Private

Round Rock, Texas -- Following months of contentious battles with major shareholders, Dell founder Michael Dell and technology investment firm Silver Lake Partners on Tuesday completed their $24.9 billion buyout of the Texas-based computer giant. Trading of Dell's stock will cease at the end of business Tuesday, with the company moving to delist from the NASDAQ. "Today, Dell enters an exciting new chapter as a private enterprise," said Dell, the company's chairman and CEO. Since last winter, Dell had been sparring over the future direction of the company with investors led by Carl Icahn, until Icahn last month bowed out of the bidding. Shareholders will receive $13.75 in cash for each share, plus a special cash dividend of $0.13 a share.
http://www.dell.com/learn/us/en/uscorp1/secure/2013-10-29-dell-completes-go-private-transaction
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o San Mateo-Based Rumble Entertainment Raises $17.5 Million

San Mateo, Calif. -- Rumble Entertainment, a San Mateo-based developer and publisher of multiplatform free-to-play games, said on Tuesday it has raised $17.5 million in its second round of funding, led by Nexon. TriplePoint Capital and previous backers Google Ventures and Khosla Ventures also participated in the round, which increases the company's total funding to more than $35 million. The company will use the funding to fuel growth, expanding its portfolio of games and delivering them to more devices. Key to that is the new relationship with Nexon, which currently services more than 60 online games in over 100 countries. Rumble's announced slate of premium games includes KingsRoad, a medieval action role-playing game; Ballistic, a fast paced first-person shooter; and Nightmare Guardians, a multiplayer tower defense game.
http://www.rumblegames.com 
http://www.businesswire.com/news/home/20131029005664/en/Rumble-Entertainment-Closes-17.5-Million-Series-Financing
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o Comcast Program Connects More Than 1 Million to Low-Cost Broadband

Washington, DC -- Cable giant Comcast said on Tuesday that its program providing low-cost broadband service to needy families now has connected more than 1 million Americans. The program, known as Internet Essentials, offers broadband for $9.95 a month, plus the option to purchase an Internet-ready computer for under $150 and access to free digital literacy training. Households can participate if they have at least one child eligible for the National School Lunch Program in markets where the company offers Internet service. "About 30% of Americans don't have broadband Internet service at home," said David Cohen, an executive vice president at Comcast, in testimony before the Senate Subcommittee on Communications, Technology and the Internet. "Thanks to the help of thousands of community partners, in just over two years, we have connected an estimated 1 million low-income individuals, or more than 250,000 families, to the Internet at home."
http://www.internetessentials.com/ 
http://corporate.comcast.com/comcast-voices/internet-essentials-1-million-milestone-blog-post
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o New Non-Profit to Support Growth of Internet Domain Name Industry

Wakefield, Mass. -- Several large Internet companies, including Google, GoDaddy and Demand Media, on Monday launched the Domain Name Association (DNA), a nonprofit aiming to expand the use of domain names as the primary tool for navigating the Internet. The Massachusetts-based organization will focus specifically on the imminent introduction of new about 1,400 new Top-Level Domains over the next two years -- such as .lol, .mom and .catholic -- developing educational resources and campaigns to introduce users to the changes. "The domain name industry sorely lacks a vocal advocacy body that is prepared to fight for our commercial interests, and this is the gap the Domain Name Association is going to fill," said Adrian Kinderis, chair of the DNA's interim board.
http://www.thedna.org 
http://www.whatdomain.org/ 
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o Briefly Noted:


(Palo Alto, Calif.) Palo Alto-based CloudSigma, a provider of infrastructure-as-a-service, said on Tuesday it has expanded its public cloud to an Equinix data center in Washington, DC. The company also offers its service in Las Vegas.
http://www.cloudsigma.com/2013/10/29/cloudsigma-expands-public-cloud-to-second-u-s-location-with-equinix-in-washington-d-c/

(Milpitas, Calif.) Milpitas-based flash storage company SanDisk said on Tuesday it has invested an unspecified amount in Israel-based Magisto, creator of a video editing app with more than 13 million users on iOS and Android platforms. The company's previous backers include Horizons Ventures and Magma Venture Partners.
http://www.sandisk.com 
http://www.magisto.com/ 
http://www.businesswire.com/news/home/20131029005380/en/SanDisk-Ventures-Invests-Magisto-Leader-Mobile-Video 

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