| ============================================ BAY AREA TECH WIRE -- May 15, 2014 ============================================ To Subscribe: www.bayareatechwire.com o Los Altos-Based Netskope Raises $35 Million in Third Round o San Francisco-Based OpenDNS Raises $35 Million in New Funding o San Francisco-Based Pantheon Lands $21.5 Million in Second Round o Palo Alto-Based Hortonworks to Acquire Fremont's XA Secure o Sunnyvale-Based Sorbent Therapeutics Raises First $6.5 Million of Planned Round o San Francisco-Based PowWow Launches After Raising $1.1 Million o WSJ: FCC Votes to Advance Broadband Rules on "Paid Prioritization" o Briefly Noted: Benetech, Pepperdata, NewSchools Venture Fund _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Associate Director – ORIX Ventures --Tech + Travel Demo Event – May 22, 2014 --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 Los Altos-Based Netskope Raises $35 Million in Third Round Los Altos, Calif. -- Netskope, the Los Altos-based developer of a cloud app analytics and policy enforcement platform, said on Thursday it has raised $35 million in its third round of funding, led by Accel Partners. Previous backers Lightspeed Venture Partners and The Social+Capital Partnership also participated in this round, which the company will use to bolster its research and development, sales, support and marketing activities. Netskope, which emerged from stealth mode in October, now has raised $56.4 million since its inception. The company, which has approximately 100 employees, expects to double its headcount and substantially expand its footprint in Europe by the end of this year. Eric Wolford, a partner at Accel and former president of Riverbed Technologies, will join its board of directors. http://www.netskope.com http://www.netskope.com/press-releases/netskope-raises-35-million-to-put-shadow-it-to-work/ _____________________________________________ o San Francisco-Based OpenDNS Raises $35 Million in New Funding San Francisco -- OpenDNS, a San Francisco-based provider of cloud-delivered security services, said on Thursday it has raised $35 million in a new round of funding. Participants included previous backers Greylock Partners, Sequoia Capital and Sutter Hill Ventures, as well as new investors Glynn Capital, Cisco, Evolution Equity, Lumia Capital, Mohr Davidow Ventures and Northgate Capital. OpenDNS currently boasts 50 million daily active users of its services, as well as more than 10,000 enterprise customers. "The erosion of the corporate IT perimeter brought on by cloud computing, mobile computing and the use of personal access devices demands a new type of network security that is always on, friendly to the employee, and doesn't hamper performance, wherever the user may be," said CEO David Ulevitch. http://www.opendns.com http://blog.opendns.com/2014/05/15/opendns-series-c-funding/ http://www.businesswire.com/news/home/20140515005786/en/OpenDNS-Raises-35-Million-Accelerate-Adoption-Leading#.U3TQZ4FdXng _____________________________________________ o San Francisco-Based Pantheon Lands $21.5 Million in Second Round San Francisco -- Pantheon, the San Francisco-based creator of a website platform for professional developers, designers and marketers, said on Thursday it has landed $21.5 million in its second round, led by Scale Venture Partners. OpenView Partners and previous backers Foundry Group and First Round Capital also took part in the round, which the company will use to bolster product development and accelerate growth. Rory O'Driscoll, a partner at Scale, will join the company's board of directors. Founded in 2010, Pantheon said its platform help solve problems inherent to traditional hosting, including website outages, inability to handle large traffic spikes, security, team management, version control and deployment. The company, which counts Intel, Cisco, A&E Networks, The New Republic, Arizona State University and the United Nations among its clients, has raised $28.8 million to date. http://www.getpantheon.com https://www.getpantheon.com/blog/pantheon-raises http://www.businesswire.com/news/home/20140515005844/en/Pantheon-Raises-21.5-Million-Expand-Website-Platform#.U3TM2YFdXnh _____________________________________________ o Palo Alto-Based Hortonworks to Acquire Fremont's XA Secure Palo Alto, Calif. -- Hortonworks, the Palo Alto-based developer of an open source Apache Hadoop data platform, said on Thursday it has acquired Fremont-based data security firm XA Secure. Financial terms of the deal were not disclosed. The company said the acquisition will provide it with the technology and engineering expertise to bolster its Hadoop security. "XA Secure will play an instrumental role in our company's strategic vision for unlocking the potential of enterprise Hadoop," said CEO Rob Bearden. Hortonworks said it will immediately begin incorporating XA Secure's technology into its core data platform, while also transitioning the technology to an open Apache community project. http://www.hortonworks.com http://xasecure.com/ http://www.multivu.com/mnr/7082351-hortonworks-acquires-xa-secure-provides-capabilities-enterprise-hadoop _____________________________________________ o Sunnyvale-Based Sorbent Therapeutics Raises First $6.5 Million of Planned Round Sunnyvale, Calif. -- Sorbent Therapeutics, a Sunnyvale-based biopharmaceutical firm developing therapies for cardiovascular and renal diseases, said on Thursday it has raised the first $6.5 million of a planned $15 million round. Previous backers CMEA Capital, ARCH Venture Partners, Sofinnova Ventures, AgeChem and Novartis Venture Funds participated in the tranche. The company also said it has enrolled 275 patients with heart failure for a new clinical trial for CLP-1001, a new therapy aimed at treating fluid overload in heart failure patients. "This new round of funding and the progress in our lead CLP program take us several steps closer to achieving our goal of bringing a new therapeutic option to advanced congestive heart failure patients," said CEO Detlef Albrecht. http://www.sorbent.com https://ca.finance.yahoo.com/news/sorbent-therapeutics-closes-first-tranche-123000132.html _____________________________________________ o San Francisco-Based PowWow Launches After Raising $1.1 Million San Francisco -- PowWow, the San Francisco developer of a platform that can move existing Windows or web applications to any mobile device, said on Thursday it has officially launched operations after raising $1.1 million in seed funding. Investors included Dave Schwab, the managing director of Sierra Ventures; Mark Angel of Nuance and Kana Software; Kumar Mallavali, the founder of Brocade; and Prabhu Goel, the founder Gateway Design Automation. Founded in 2012 by Andrew Cohen and Jonathan Kaplan, PowWow aims to let users access full featured enterprise desktop applications from any mobile device. "These applications are now customized for tablets and laptops and allow people to jointly collaborate on any document," said Cohen. The service is available for $25 a month per user. http://www.powwowinc.net http://powwowinc.net/news/respected-angels-fund-first-company-to-deliver-enterprise-apps-and-collaboration-to-any-mobile-device-in-minutes/ _____________________________________________ o WSJ: FCC Votes to Advance Broadband Rules on "Paid Prioritization" Washington, DC -- The Federal Communications Commission (FCC) on Thursday voted 3-2 to advance a series of proposed rules that would let broadband providers accept payments from content companies to deliver their websites faster, The Wall Street Journal reported. The rules, which now will be open to public comment for 60 days, also would ban broadband providers from blocking or slowing down sites. Chairman Tom Wheeler earlier this week issued new language on the rules, making it clear the FCC will scrutinize all deals to assure that companies not participating in the so-called "paid prioritization" aren't put at a competitive disadvantage. http://hraunfoss.fcc.gov/edocs_public/attachmatch/DOC-327104A1.pdf (PDF) http://online.wsj.com/news/articles/SB10001424052702304547704579563902591885662?mod=WSJ_hp_LEFTTopStories&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304547704579563902591885662.html%3Fmod%3DWSJ_hp_LEFTTopStories _____________________________________________ o Briefly Noted: (Palo Alto, Calif.) Palo Alto-based Benetech, a nonprofit tech company that provides software and services that address pressing social needs, has named Kushal Chakrabarti as senior advisor to Benetech Labs. Kushal is the founder and co-chairman of Vittana, a nonprofit that fights youth poverty in developing countries, and previously helped lead the personalized recommendations team at Amazon. http://benetech.org/2014/05/14/kushal-chakrabarti-founder-and-co-chairman-of-vittana-appointed-senior-advisor-to-benetech-labs/ (Sunnyvale, Calif.) Sunnyvale-based Pepperdata, a developer of software designed to make Hadoop nodes more efficient, allowing companies to run more jobs on the existing infrastructure, on Thursday named Brock Alston as its vice president of sales. Alston previously served as a sales director for Pivotal and EdgeSpring. The news comes two weeks after the company raised $5 million in its first round of funding, co-led by Signia Venture Partners and Webb Investment Network. http://www.pepperdata.com (Oakland) Oakland-based NewSchools Venture Fund, a provider of startup and scale-up capital to education entrepreneurs, has named Stacey Childress as its new CEO. Childress most recently led a team responsible for next generation learning at the Bill & Melinda Gates Foundation, supporting nearly 200 ed-tech and school entrepreneurs during her four years. Childress will succeed Ted Mitchell, who was confirmed last week as U.S. Undersecretary of Education. http://www.newschools.org http://www.newschools.org/news/newschools-venture-fund-board-names-stacey-childress-as-ceo =================================================== 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 > Associate Director – ORIX Ventures ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/ ____________________________________________ > Tech + Travel Demo Event – May 22, 2014 It's that time! Summer is approaching and the travel bug is getting ready to bite. Come join us at the Crocker Galleria and check out the hot new apps and technologies geared towards making your travels less stressful and more fun. Get an hands on experience with these cool new products local to San Francisco! Free to attend. Register here ____________________________________________ > Investment Advisor Executive Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. 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