Wednesday, March 26, 2014

Bay Area Tech Wire -- March 26

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BAY AREA TECH WIRE -- March 26, 2014
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To Subscribe: www.bayareatechwire.com
 

o Emeryville-Based TubeMogul Files to Raise Up to $75 Million in IPO
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San Francisco-Based CircleUp Raises $14 Million in Second Round
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Redwood City-Based Tactile Launches with $11.2 Million in Funding
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Chipmaker Intel Acquires San Francisco-Based BASIS Science
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Local Venture Capital Firms Top Forbes' 2014 Midas List
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Verizon Picks Palo Alto as Primary Site for Data Analytics R&D Center  
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Briefly Noted: Fast Orientation - Mach37, Cyan

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--Startup Marketing Conference SF, March 27: Last Chance to Register
--Create Your Own Hiring Opportunity - 5 Behaviors Decision-Makers Find Irresistible
--14 Ideas for Marketing Your Business Online

--Corporate Food-Service - Catering to Cafe Management
--Investment Adviser Executive
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o Emeryville-Based TubeMogul Files to Raise Up to $75 Million in IPO

Emeryville, Calif. -- TubeMogul, the Emeryville-based developer of a video buying platform for advertisers, on Wednesday filed with the Securities and Exchange Commission (SEC) to raise up to $75 million in its initial public offering (IPO). The company has yet to disclose specific details of the offering, such as the number of shares to be sold or their expected price range. It plans to list its stock on the New York Stock Exchange under the symbol "TUBE." TubeMogul's self-serve platform lets customers plan, buy, measure and optimize their digital video advertising spend.
http://www.tubemogul.com 
http://www.tubemogul.com/press-ipo-pr/ 
http://www.sec.gov/Archives/edgar/data/1449278/000119312514116024/d658316ds1.htm
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o San Francisco-Based CircleUp Raises $14 Million in Second Round

San Francisco -- CircleUp, the San Francisco-based developer of a crowdfunding site designed to pair consumer entrepreneurs with investors, has raised $14 million in its second round of funding, led by Canaan Partners. Previous backers Google Ventures, Union Square Ventures, Maveron and Rose Park Advisors also participated. All told, 67 early-stage companies are currently using the platform to raise funds, with CircleUp collecting a commission. Most of the companies produce food or packaged goods. The company, which will use the latest funds to expand its service, also raised $7.5 million a year ago.
https://circleup.com 
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o Redwood City-Based Tactile Launches with $11.2 Million in Funding

Redwood City, Calif. -- Tactile, a stealthy Redwood City startup founded by former Salesforce executive Chuck Ganapathi, said it has officially launched operations after raising $11.2 million in its first round of funding from Accel Partners and Redpoint Ventures. The company, which has developed a personal sync platform, also released its inaugural app called Tact, which syncs data needed for salespeople to build stronger customer relationships. "In my 18 years in enterprise software, I've never met an end-user who isn't frustrated by disconnected, company-mandated tools," said Ganapathi, the company's CEO. "In our personal lives, we have come to expect everything -- photos, music, documents -- to be available everywhere and instantly up to date." Ganapathi was previously the senior vice president of products at Salesforce, responsible for building the company's flagship Sales Cloud, Chatter, and Mobile products.
http://www.tactile.com 
http://www.prnewswire.com/news-releases/tactile-unveils-personal-sync-platform-for-professionals-and-announces-112m-from-accel-partners-and-redpoint-ventures-252229581.html 
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o Chipmaker Intel Acquires San Francisco-Based BASIS Science

Santa Clara, Calif. -- Making its push into wearable device technology, Santa Clara-based Intel said it has acquired San Francisco-based BASIS Science, developer of a wrist-based health tracker designed to measure fitness and sleep. Financial terms of the deal were not disclosed. BASIS' wrist-based health tracker uses four types of sensors to calculate steps taken, calories burned and sleep quality, as well as physiological metrics like heart rate. Intel said its strategy is to create wearable reference devices, SoCs and other technology platforms ready to be used by developers of wearable products. "The acquisition of BASIS Science provides immediate entry into the market with a leader in health tracking for wearable devices," said Mike Bell, the vice president and general manager of Intel's New Devices Group. "As we accelerate our position in wearables, we will build upon this foundation to deliver products that bring people greater utility and value." Intel Capital took part in an $11.75 million funding round the company closed in October. Other backers include iNovia Capital, Dolby Family Trust, Stanford University, Peninsula-KCG, Mayfield Fund, DCM and Norwest Venture Partners.
http://www.mybasis.com/ 
http://newsroom.intel.com/community/intel_newsroom/blog/2014/03/25/intel-completes-acquisition-of-basis-science-inc 
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o Local Venture Capital Firms Top Forbes' 2014 Midas List

New York -- Three Silicon Valley venture capital firms, Menlo Park-based Sequoia Capital and Kleiner Perkins Caufield & Byers and Palo Alto-based Accel Partners, have the most partners on Forbes' newly released 2014 Midas List, an annual ranking of the world's 100 top venture capitalists based on all exits above $200 million over the past five years. Sequoia tops the list with nine partners, buoyed by several key IPOs and a $3 billion return as the sole investor in Facebook's acquisition of WhatsApp. Accel (eight) and Kleiner Perkins (five) round out the top three, with Greylock Partners, Benchmark Capital, New Enterprise Associates (NEA) and Meritech Capital Partners tied with four. The compete list of both firms and individual venture capitalists is available at the links below.
http://www.forbes.com/midas/ (Top individuals)
http://www.forbes.com/sites/alexkonrad/2014/03/26/top-firms-of-the-2014-midas-list/ (Top firms)
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o Verizon Picks Palo Alto as Primary Site for Data Analytics R&D Center

Palo Alto, Calif. -- Telecom giant Verizon said on Wednesday it has selected Palo Alto as the site of its new data analytics research and development center, where the company will conduct data analytics, artificial intelligence and machine-learning activities. The company sited the large base of big data and analytics talent in Silicon Valley. One of the immediate goals of the new team will be to help develop intelligent systems to improve the efficiency of many critical aspects of the company's infrastructure. "We are heading in the direction of building intelligent systems that can automatically sense issues and then use algorithms to make decisions in real time to address a problem before it becomes significant," said Ashok Srivastava, Verizon's chief data scientist. The new data analytics team will also help Verizon's business units develop new products and services in areas such as education, healthcare and IT and connected machines. Under Srivastava's guidance, the team has hired more than 35 new employees, with most of those jobs located in Palo Alto. Verizon said it plans to continue hiring throughout 2014 for an unspecified number of remaining open positions.
http://www.verizon.com 
http://newscenter.verizon.com/corporate/news-articles/2014/03-26-palo-alto-selected-for-verizon-center/ 
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o Briefly Noted:


(Menlo Park, Calif.) Menlo Park-based Fast Orientation, a developer of technology designed to let IT organizations query, reason about and respond to enterprise events in real time, has been selected as one of five startups accepted into the spring class of Mach37, a new cybersecurity accelerator located near Washington, DC. All will take part in an intensive 90-day program, and receive a $50,000 investment in exchange for a small amount of equity to help develop and launch their ideas.
http://www.fastorientation.com 
https://www.mach37.com/explore/cohort-companies/ 

(Petaluma, Calif.) Petaluma-based Cyan, a provider of software-defined networking tools, on Wednesday named Jeff Ross as its new CFO. Ross, most recently the CFO of Velti, succeeds Mike Zellner, who has resigned for personal reasons.
http://www.cyaninc.com/company/news-room/press-releases/2014/cyan-appoints-jeff-ross-as-chief-financial-officer#.UzMrWahdXng

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Job/Event/Marketplace Listings:
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> Startup Marketing Conference SF, March 27: Last Chance to Register

Are you looking for low-cost and high impact strategies to drive revenue for your organization? Hope you can join us March 27th of the Startup Marketing Conference in San Francisco. Admission includes: 8 expert sessions, hands-on workshop, marketing tools showcase and networking with amazing entrepreneurs and tech leaders.We are fortunate to bring together an incredible lineup of real-world digital marketing practitioners and growth hackers from Linkedin, WhatsApp, DocuSign, Atlassian, Hootsuite, Unberconference, Prezi and more. Get your pass today and save 15% with code techwire. Register now.
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>
Create Your Own Hiring Opportunity - 5 Behaviors Decision-Makers Find Irresistible

Many job seekers express confidence in finding a new job this year, according to a recent survey, but many are also frustrated as they struggle to find a job matching their qualifications and salary preferences. In a job market where opportunities are still few and far between, give yourself a leg up that will allow you to create your own hiring opportunity.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> 14 Ideas for Marketing Your Business Online


Kick start your company's online strategy quickly and easily at a fraction of the cost of advertising! Download PRWeb's free guide, 14 Ideas for Marketing Your Business Online and learn how to get More Publicity, More Prospects, and More Sales! Register for a FREE PRWeb account to download the guide today! Click here
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> Corporate Food-Service - Catering to Cafe Management


Cosmopolitan Catering has established itself as Silicon Valley's premier full-service catering and café management company. Working exclusively within the corporate arena, Cosmopolitan Catering has experienced exponential growth by identifying and solving the recurring problems that Silicon Valley companies face when using outdated corporate food-service models. We have in turn addressed each of our client's needs independently to thereby provide customized solutions. The corporate food-service landscape is being redefined by Cosmopolitan Catering by way of bringing back the essence of the word "cater". While our vision and the core of our business model remains consistent, we take a personalized approach when implementing every food-service program we craft, knowing that no two companies will have the same needs. For more information, contact Rick Angelini at rangelini@cosmocaters.com, 408.732.1400, or visit us at www.cosmocaters.com
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> Investment Advisor Executive

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