| ============================================ BAY AREA TECH WIRE -- April 2, 2014 ============================================ To Subscribe: www.bayareatechwire.com o San Francisco-Based Lyft Raises $250 Million in New Funding o Mountain View-Based ElasticBox Lands $9 Million in First Round o San Mateo-Based Sookasa Emerges from Stealth After Raising $5 Million o RentPath Acquires San Francisco-Based Lovely for $13 Million o Survey: San Francisco Among Nation's Leaders in TV Binge Watching o Briefly Noted: Energous - MDB Capital Group _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --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 --Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers Ad Descriptions Below Briefly Noted Section Post Job/Event/Marketplace ad: http://www.bayareatechwire.com _____________________________________________ o San Francisco-Based Lyft Raises $250 Million in New Funding San Francisco -- Lyft, the San Francisco-based on-demand ridesharing startup competing with the likes of Uber and Sidecar, said on Wednesday it has raised $250 million in a new round of funding. Coatue Management led the round, which also included participation from new investors Third Point and Alibaba Group, as well as previous backers Andreessen Horowitz, Founders Fund and Mayfield. "Since launching our second city one year ago, Lyft has grown to 30 cities across the country, and this investment will help us continue to grow in the United States and around the world," wrote co-founders Logan Green and John Zimmer in a blog post. The company previously had raised $82.5 million, including a $60 million round led by Andreessen Horowitz last May. Lyft's app, available for iPhone and Android devices, lets users request rides with vetted drivers who have extra space available in their vehicles. The company said the service typically costs as much as a third less than traditional taxis. Lyft launched in 2012 as an offshoot of Zimride, a social networking rideshare program originally backed by Facebook's fbFund. http://www.lyft.com/ http://blog.lyft.com/post/81494189162/new-adventures-ahead _____________________________________________ o Mountain View-Based ElasticBox Lands $9 Million in First Round Mountain View, Calif. -- ElasticBox, the Mountain View-based developer of technology designed to simplify the process of creating and managing applications, said on Wednesday it has raised $9 million in its first round of funding. Previous backers Nexus Venture Partners and Intel Capital took part in the round. ElasticBox has introduced a modular way to develop apps in the cloud through a new approach, using what it calls "Boxes" -- encapsulated, fully configured components of application architecture that can be combined. Ravi Srivatsav, the company's co-founder and CEO, said the technology "empowers the developer with preconfigured Boxes that they can mix and match to create applications -- similar to the way a DJ blends beats and samples to create new music." https://www.elasticbox.com/ http://elasticbox.com/blog/elasticbox-secures-9m-in-funding/ _____________________________________________ o San Mateo-Based Sookasa Emerges from Stealth After Raising $5 Million San Mateo, Calif. -- Sookasa, a San Mateo-based developer of technology designed to transparently protect files across cloud services and mobile devices, on Wednesday emerged from stealth mode with $5 million in its first round of funding, led by Accel Partners. Previous seed investors First Round Capital and SV Angel, as well as other angel investors, also participated in the round, which the company will use to expand in regulated industries such as healthcare, education, legal and finance. Sookasa lets people use cloud services such as Dropbox and Gmail, and mobile devices, while transparently encrypting data and addressing regulations such as HIPAA and FERPA. The idea for the company was originally conceived by father and son researchers, Israel and Asaf Cidon, while Asaf was a PhD student in Stanford University working on cloud storage technologies. http://www.sookasa.com http://www.sookasa.com/press/company-launch/ _____________________________________________ o RentPath Acquires San Francisco-Based Lovely for $13 Million San Francisco -- RentPath, an Atlanta-based provider of search services for apartment and home renters, said on Wednesday it has paid $13 million in cash to acquire San Francisco-based startup Lovely, developer of a portal that lets renters search, apply and pay rent directly from their mobile devices. Lovely will continue to operate out of San Francisco under the leadership of co-founders Blake Pierson and Doug Wormhoudt. "We look forward to expanding the mission of Lovely to the rest of the RentPath family of sites and easing the pain points for millions of renters nationwide," said Pierson, the company's CEO. RentPath's brands include Apartment Guide, Rent.com, Rentals.com, RentalHouses.com, and New Home Guide. All total, its network of websites reaches more than 7 million unique monthly visitors. http://www.livelovely.com http://rentpath.com/ http://rentpath.com/rentpath-acquires-lovely/ _____________________________________________ o Survey: San Francisco Among Nation's Leaders in TV Binge Watching San Francisco -- Residents of San Francisco are some of the nation's more prominent binge watchers, according to a new Harris Poll conducted on behalf of cable giant Comcast. Eighty-eight percent of adults from the San Francisco area say they watch two or more episodes of the same TV show in one sitting, tied with Dallas and Washington, DC for the most in the U.S. The most popular binge-watching shows include "Sleepy Hollow" (Fox), "The BlackList" (NBC) and "Game of Thrones" (HBO). Complete survey results are available at the link below. http://corporate.comcast.com/news-information/news-feed/forget-the-past-binge-watchers-want-current-tv-episodes _____________________________________________ o Briefly Noted: (Pleasanton, Calif.) Pleasanton-based Energous, the developer of a wire-free charging technology, said on Wednesday that MDB Capital Group, the underwriter of last week's initial public offering (IPO), has exercised its entire over-allotment option to purchase an additional 600,000 shares of the company's stock. Total gross proceeds of the IPO, including the over-allotment, were $27.6 million. http://energous.com/energous-corporation-announces-exercise-underwriters-over-allotment-option/ =================================================== Job/Event/Marketplace Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 6000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300 > 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 ____________________________________________ > 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 ____________________________________________ > 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 ____________________________________________ > Investment Advisor Executive Investment Advisor Representative-Sales. 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