Monday, April 14, 2014

Bay Area Tech Wire -- April 14

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BAY AREA TECH WIRE -- April 14, 2014
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o San Carlos=Based NatureBox Raises $18 Million in Second Round
o Mountain View-Based Google Acquires Drone Maker Titan Aerospace
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Palo Alto-Based Intapp Acquires The Frayman Group
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U.S. Venture Capital Firms Raise Most Money Since 2007 During Q1
o Survey: 18% of Internet Users Have Had Personal Information Stolen Online
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Briefly Noted: Sanovas, Violin Memory

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o San Carlos=Based NatureBox Raises $18 Million in Second Round

San Carlos, Calif. -- NatureBox, the San Carlos-based developer of an online service that delivers nutritionist-approved snacks to subscribers, said on Monday it has raised $18 million in its second round of funding, led by Canaan Partners. Previous backers General Catalyst Partners and Softbank Capital also participated in the round, which the company will use to aggressively expand its operations. Gautam Gupta and Ken Chen launched the company in early 2012, shipping 50,000 orders the first year and more than 1 million in 2013. This year, NatureBox is on track to ship 3 million boxes. The company currently offers more than 100 options, none of which contain high fructose corn syrup, partially hydrogenated oils, trans-fats, artificial sweeteners, artificial flavors or artificial colors.
http://www.natureBox.com
http://finance.yahoo.com/news/naturebox-raises-18-million-series-120300366.html;_ylt=AwrBJSAyS0xT.XgA3AjQtDMD 
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o Mountain View-Based Google Acquires Drone Maker Titan Aerospace

Mountain View, Calif. -- Google plans to acquire Titan Aerospace, a New Mexico-based maker of high-altitude drones, The Wall Street Journal reported Monday. Titan, which makes solar-powered drones capable of staying in the air for years on end, reportedly had been pursued by Facebook earlier this year. "Google said the Titan team will work closely with Google's Project Loon, which is building large, high-altitude balloons that send Internet signals to areas of the world that are currently not online," The Journal reported.
http://titanaerospace.com/ 
http://online.wsj.com/news/articles/SB10001424052702304117904579501701702936522?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304117904579501701702936522.html 
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o Palo Alto-Based Intapp Acquires The Frayman Group

Palo Alto, Calif. -- Intapp, a Palo Alto-based developer of legal software, said on Monday it has acquired The Frayman Group (TFG), a New York-based provider of risk management software to law firms. Financial terms of the deal were not disclosed. John Hall, the CEO of Intapp, said his company plans to "integrate TFG technology and staff, and continue to make significant investments to advance our products." TFG will operate as a unit of Intapp,
http://www.intapp.com 
http://fraymangroup.com/ 
http://www.intapp.com/company-news/item/intapp-acquires-the-frayman-group 
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o U.S. Venture Capital Firms Raise Most Money Since 2007 During Q1

New York -- U.S. venture capital firms raised $8.9 billion in new commitments during the first quarter, the highest quarterly figure since 2007, according to a new report from Thomson Reuters and the National Venture Capital Association (NVCA). The amount raised more than doubled the comparable period a year ago, and was up 81% from the fourth quarter of 2013. "With the exception of some established firms, fundraising for most venture capital firms has been difficult in recent quarters due to a shaky exit market," said Bobby Franklin, president and CEO of the NVCA. "Recently, however, we've been experiencing an uptick in IPO activity as well as momentum in the M&A market, enabling venture capital firms to distribute proceeds to their investors and begin the process of raising money." First quarter commitments were led by Palo Alto-based TCV VIII, which raised $1.38 billion, and San Francisco-based Founders Fund V, which raised $1.01 billion. The five largest venture capital funds raised during the quarter accounted for 60% of new commitments
file:///C:/Documents%20and%20Settings/Owner/My%20Documents/Downloads/Q1%2014%20Fundraising%20Release%20FINAL.pdf (PDF)
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o Survey: 18% of Internet Users Have Had Personal Information Stolen Online

Washington, DC -- Eighteen percent of U.S. Internet users have had important personal information, such as Social Security numbers and credit card and bank account information, stolen as a result of their online activities, according to a new survey by the Pew Research Center's Internet Project. That's up from 11% a year ago. Pew said the growing impact of data breaches reached across all demographic groups, with the largest increases coming among those ages 18-29 and 50-64. In addition, 21% have had an online account compromised, such as a social networking or email account. The organization conducted the survey in January, before the most recent revelations about the Heartbleed security flaw.
http://www.pewresearch.org/fact-tank/2014/04/14/more-online-americans-say-theyve-experienced-a-personal-data-breach/ 
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o Briefly Noted:


(Sausalito Calif.) Sausalito-based Sanovas, a life sciences accelerator focused on the miniaturization of tools for minimally invasive surgery, on Monday named Jeff Heer as its COO. Heer most recently was the vice president of manufacturing and customer support at Picarro.
http://www.sanovas.com/ 
http://www.prnewswire.com/news-releases/sanovas-appoints-jeff-heer-as-chief-operating-officer-255147431.html 

(Santa Clara, Calif.) Santa Clara-based Violin Memory, a developer of flash storage arrays and appliances, on Monday named Vic Mahadevan to its board of directors. Mahadevan has been an independent business consultant since 2012, and previously served as the chief strategy officer of NetApp.
http://investor.violin-memory.com/company/investors-overview/press-releases/press-release-details/2014/Violin-Memory-Appoints-Vic-Mahadevan-to-Board-of-Directors/default.aspx

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> Seven Ways to Harness the Power of Your Multi-Generational Workforce

Organizations of all sizes find themselves with three radically different generations interacting in their workplace these days. As a result, business owners, senior management and HR departments are scrambling to figure out how to better understand, manage and harness the power of this multi-generational workforce. It’s not an easy task. But here we share some ideas we’ve uncovered that you can put to immediate use. http://www.fairfaxcountyeda.org/bay-area-tech-wire

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> 14 Ideas for Marketing Your Business Online


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> Corporate Food-Service - Catering to Cafe Management


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