| ============================================ BAY AREA TECH WIRE -- May 16, 2014 ============================================ To Subscribe: www.bayareatechwire.com o Menlo Park-Based QBotix Raises $12 Million in Second Round o San Francisco-Based Sunrun Raises $150 Million in Funding o Noland Granberry Resigns as CFO of Sunnyvale-Based Silicon Image o VC Survey: Silicon Valley Companies See Substantial Valuation Increases o NVCA Names NEA's Scott Sandell as New Chairman in San Francisco o Briefly Noted: Gigamon, Akros Silicon _____________________________________________ > 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 Menlo Park-Based QBotix Raises $12 Million in Second Round Menlo Park, Calif. -- QBotix, a Menlo Park-based developer of mobile robots used in the operation and management of solar power plants, said it has raised $12 million in its second round of funding. Participants included E.ON and Iberdrola, as well as previous backers New Enterprise Associates (NEA), Firelake Capital Management and Draper Nexus. QBotix said it will use the funds to grow its team, accelerate manufacturing and expand into new markets. The company said its autonomous robots are designed to replace hundreds of conventional electromechanical components and reduce structural material requirements. Systems are currently installed in the U.S. and Japan, with others under development in the U.S., Europe, Mexico and Australia. http://www.qbotix.com http://www.qbotix.com/press-release/capital_raise_with_eon-and-iberdrola/ _____________________________________________ o San Francisco-Based Sunrun Raises $150 Million in Funding San Francisco -- Sunrun, a San Francisco-based provider of home solar services, said it has raised $150 million in new round of funding, believed to be the largest private equity raise announced to date for a private residential solar company in the U.S. An unnamed "public institutional investor" led the round with a $100 million investment, the company said. The company will use the funds to broaden its reach to consumers and continue developing its tools and technologies. Sunrun's service allows homeowners to go solar without high upfront costs. The company installs, owns and maintains the solar panels on a homeowner's roof, while customers pay just for the electricity. "We are well capitalized for the next phase of our business, which continues to experience impressive growth quarter over quarter," said Edward Fenster, the chairman of Sunrun. http://www.sunrun.com http://blog.sunrun.com/sunrun-closes-150-million-equity-investment/ _____________________________________________ o Noland Granberry Resigns as CFO of Sunnyvale-Based Silicon Image Sunnyvale, Calif. -- Silicon Image, a Sunnyvale-based provider of multimedia connectivity products and services, said that Noland Granberry has resigned as its CFO to take a job with an unspecified privately held company. Granberry, who has been with the company since 2006, will remain in his current role through the end of this month. Silicon Image has named Steven Robertson, who currently serves as its vice president of finance, to serve as interim CFO, while it searches for a permanent replacement. "We remain committed to pursuing the solid business strategy and key initiatives we laid out at the beginning of the year while we execute a smooth transition," said CEO Camillo Martino. http://www.siliconimage.com/ http://www.siliconimage.com/Company/News_and_Events/Press_Releases/ 2014_05_15_Silicon_Image_Announces_Resignation_of_Chief_Financial_Officer/ _____________________________________________ o VC Survey: Silicon Valley Companies See Substantial Valuation Increases Mountain View, Calif. -- Silicon Valley companies raising venture capital last quarter saw substantial valuation increases, according to a new survey by Fenwick & West. During the first quarter, up rounds -- in which a company's price per share increased since its prior financing round -- exceeded down rounds 76% to 8%, with 16% flat. It marked the largest difference between up and down rounds (68%) since the second quarter of 2007. In addition, share prices increased an average of 85%. "At the big picture level, it was a very strong quarter for the venture environment, with venture investment, IPOs and fundraising all hitting multi-year highs," said Michael Patrick, a partner in the corporate group of Fenwick & West and co-author of the survey. "But public technology companies have had a difficult time recently, and it remains to be seen if this trend will continue, and if so what the effect will be on the venture environment." Complete survey results are available at the link below. http://www.fenwick.com/publications/pages/silicon-valley-venture-survey-first-quarter-2014.aspx _____________________________________________ o NVCA Names NEA's Scott Sandell as New Chairman in San Francisco San Francisco -- The National Venture Capital Association (NVCA) has named Scott Sandell, a general partner at New Enterprise Associates (NEA), as its 2014-2015 chairman. The organization made the announcement during its annual meeting in San Francisco. "I believe we can bring a new generation of tools and resources to assist in our advocacy efforts and, looking forward, position NVCA as the voice of the broader startup ecosystem," said Sandell. Sandell is currently a lead director of two public companies, Fusion-io and Tableau Software, and also serves on the board of Workday and private companies Bloom Energy, BloomReach, CloudFlare and Coursera. He previously worked in various roles at Microsoft, C-ATS Software and the Boston Consulting Group. He will succeed Josh Green, a general partner at Mohr Davidow Ventures. http://www.nvca.org/index.php?option=com_docman&task=cat_view&gid=80&Itemid=316 _____________________________________________ o Briefly Noted: (Santa Clara, Calif.) Santa Clara-based Gigamon, a developer of traffic visibility networking tools, has named Sachi Sambandan as its senior vice president of engineering. Sambandan most recently served as the vice president of R&D for hybrid cloud services at VMware, and previously was the vice president of engineering at Force10 Networks. http://www.gigamon.com/news-and-events (Sunnyvale, Calif.) Sunnyvale-based Akros Silicon, a supplier of energy management chips, has named Fred Greenfeld as its director of applications. Greenfeld most recently was a senior principal applications engineer at Intersil, and previously spent time at Artesyn Embedded Technologies and AT&T Power Systems. http://www.akrossilicon.com/home/news-events =================================================== 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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