Tuesday, April 22, 2014

Bay Area Tech Wire -- April 22

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BAY AREA TECH WIRE -- April 22, 2014
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To Subscribe: www.bayareatechwire.com
 

o San Francisco-Based Weebly Raises $35 Million in Third Round
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Menlo Park-Based Avalanche Biotechnologies Raises $55M in Second Round
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Mountain View-Based Tubular Lands $11 Million in Second Round
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Sunnyvale-Based Electric Cloud Adds $4 Million to Fifth Round
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For First Time, Android Overtakes Apple in Mobile Ad Traffic
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Briefly Noted: Strevus, Digital Realty Trust, Gigamon

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o San Francisco-Based Weebly Raises $35 Million in Third Round

San Francisco -- Weebly, a San Francisco-based provider of do-it-yourself website development tools, said on Tuesday it has raised $35 million in its third round of funding, from Sequoia Capital and Tencent Holdings. The company will use the proceeds to expand into new markets and bolster research and development activities. "This next phase for us means making Weebly more accessible," said co-founder and CEO David Rusenko. Weebly is currently available in 12 languages, with more than 20 million people already having created a site, blog or online store.
http://weebly.com/
http://www.weebly.com/press/news/2014/weebly-raises-35M-to-accelerate-global-growth/ 
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o Menlo Park-Based Avalanche Biotechnologies Raises $55M in Second Round

Menlo Park, Calif. -- Avalanche Biotechnologies, a Menlo Park-based developer of gene therapies for eye diseases such as wet age-related macular degeneration, said on Tuesday it has raised $55 million in its second round of funding, led by Venrock. Deerfield, Adage Capital Management, Redmile Group, Rock Springs Capital, Sabby Capital, Cowen & Company and two unidentified health care funds joined previous backers in the round. The company said it will use the proceeds to advance its clinical programs in retinal disorders. "This financing will fuel substantial advances for our technology and the gene therapy field in ophthalmology," said co-founder and CEO Thomas Chalberg.
http://www.avalanchebiotech.com
http://www.avalanchebiotech.com/pdf/Avalanche-Biotechnologies-Series-B.pdf (PDF)
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o Mountain View-Based Tubular Lands $11 Million in Second Round

Mountain View, Calif. -- Tubular, the Mountain View-based developer of an online video marketing platform, said on Tuesday it has landed $11 million in its second round of funding, led by Canaan Partners. Previous backers FirstMark Capital and Lerer Ventures also participated. Tubular's platform is designed to help large brands, agencies and publishers gain insights derived from the activity of 150 million individual video fans on YouTube, Facebook and Twitter. More than 2,000 publishers use the service, including Seventeen Magazine, Jamie Oliver, Vice, AwesomenessTV and Maker Studios. "Our software and services provide the insight to create the right content, partner with the right talent and target the right audience, which is essential to success in online video today," said co-founder Allison Stern.
http://www.tubularlabs.com
http://www.businesswire.com/news/home/20140422005579/en/Tubular-Labs-Raises-11-Million-Led-Canaan#.U1bGlVVdXng 
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o Sunnyvale-Based Electric Cloud Adds $4 Million to Fifth Round

Sunnyvale, Calif. -- Electric Cloud, a Sunnyvale-based developer of tools designed to automate and accelerate the software delivery process, said on Tuesday it has landed an additional $4 million in funding, just seven months after the company initially announced $8 million in its fifth round. The latest tranche came from Siemens' Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures and Rembrandt Venture Partners. Steve Brodie, Electric Cloud's CEO, said closing the round "will accelerate not only company growth but also new levels of innovation."
http://www.electric-cloud.com 
http://www.electric-cloud.com/about/2014-0422.php 
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o For First Time, Android Overtakes Apple in Mobile Ad Traffic

San Mateo, Calif. -- For the first time, Google's Android operating system has surpassed Apple's iOS for mobile ad traffic, according to a new report from Opera Mediaworks. After first overtaking Apple in terms of market share at the end of last year, Android in the first quarter jumped ahead of the company with 42.8% of traffic, compared with Apple's 38.2%. The platform also is slowly increasing its mobile ad monetization, now accounting for more than 33% of revenue, up over 6% from a year ago. Among device makers, Samsung emerged as the clear winner in the Android devices market with more than 60% of impressions, followed by LG, Motorola, HTC and ZTE. The complete report is available at the link below.
http://operamediaworks.com/press_04_22_14.html 
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o Briefly Noted:


(San Francisco) San Francisco-based Strevus, a developer of compliance lifecycle management tools for financial service institutions, said on Tuesday it has established a board of advisors. Members include Richard Gordon, Dale Richards, Peter Swire, Bill Unger, Sanjay Vaswani and Stanley Young. Their complete bios are available at the link below.
http://www.strevus.com/news/press-release-2014-04-22.html 

(San Francisco) San Francisco-based Digital Realty Trust, a developer and operator of data centers, has named Krupal Raval as its vice president of investor relations. Raval most recently served as COO of the India platform at Alexandria Real Estate Equities.
http://www.digitalrealty.com 
http://www.prnewswire.com/news-releases/krupal-raval-joins-digital-realty-as-vice-president-investor-relations-256066791.html 

(Santa Clara, Calif.) Santa Clara-based Gigamon, a developer of traffic visibility technology, has named Ananda Rajagopal as its vice president of product management. Rajagopal most recently served as the vice president of routing, product management and strategy for Brocade's data center switching and routing business.
http://www.gigamon.com 
https://ca.finance.yahoo.com/news/ananda-rajagopal-joins-gigamon-vp-130000192.html

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