Tuesday, July 1, 2014

Bay Area Tech Wire -- July 1

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BAY AREA TECH WIRE -- July 1, 2014
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To Subscribe: www.bayareatechwire.com
  
o Berkeley-Based Databricks Raises $33 Million in Second Round
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San Francisco-Based Twitter Acquires TapCommerce
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Menlo Park-Based Emerald Therapeutics Raises $13.5 Million for Robotic Lab
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Sunnyvale-Based Simply Hired Lands $12M in Equity and Debt Financing
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Report: Venture-Backed IPOs Continue Strong Run in Second Quarter
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Briefly Noted: Topcon Positioning Group, Vox Network Solutions

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o Berkeley-Based Databricks Raises $33 Million in Second Round

Berkeley, Calif. -- Databricks, the Berkeley-based developer of an open-source cloud platform designed to extract value from big data, said it has raised $33 million in its second round of funding, led by New Enterprise Associates (NEA). Previous backer Andreessen Horowitz also took part in the round, which is closing as the company releases Databricks Cloud, its cloud platform built around Apache Spark. The platform is currently in limited availability with several beta users. "Our vision… is to dramatically simplify big data processing and free users to focus on turning data into value," said CEO Ion Stoica. Databricks was founded out of the UC Berkeley AMPLab by the creators of Spark.
http://www.databricks.com/cloud 
https://databricks.com/blog/2014/06/30/databricks-unveils-spark-based-cloud-platform.html 
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o San Francisco-Based Twitter Acquires TapCommerce

San Francisco -- Looking to bolster its tools for mobile advertisers, San Francisco-based Twitter said it will acquire New York-based TapCommerce, a developer of mobile retargeting technology designed to help advertisers better target consumers based on their previous activity. Financial terms of the deal were not disclosed. "Together with the TapCommerce team, Twitter will be able to offer mobile app marketers more robust capabilities for app re-engagement, tools and managed service solutions for real-time programmatic buying, and better measurement capabilities," wrote Twitter in a blog post. TapCommerce said its platform, which already is deeply integrated with Twitter's mobile-focused MoPub ad exchange, now processes more than 15 billion targeted ad impression bids a day across 50,000 apps. TapCommerce is backed by Bain Capital Ventures, Eniac Ventures, Metamorphic Ventures, Nextview Ventures and RRE Ventures.
https://blog.twitter.com/2014/welcoming-tapcommerce-to-the-flock 
http://tapcommerce.tumblr.com/post/90380536007/tapcommerce-joins-the-twitter-family 
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o Menlo Park-Based Emerald Therapeutics Raises $13.5 Million for Robotic Lab

Menlo Park, Calif. -- Emerald Therapeutics, a Menlo Park-based biotechnology firm focused on re-imagining the way laboratory research is conducted through robotics and the Internet, said on Tuesday it has raised $13.5 million over two rounds of funding, including an initial round that wasn't announced. Founders Fund and Max Levchin, a PayPal co-founder, led the latest round, which also included participation from Schooner Capital. The company also announced the release of its Emerald Cloud Laboratory (ECL), a state-of-the-art life sciences laboratory that scientists can remotely access through the Internet. Through the lab, automated robotics conduct experiments as specified by users, who enter parameters as if they were standing in front of the instrument. All the data generated is automatically cataloged and placed into a database. "We believe there is a role for what we call `Lean Biotech,'" said Brian Frezza, co-founder and co-CEO. "Biotech is not lean, in fact it's going in the opposite direction, so we think in order to improve healthcare, treat diseases, or positively affect every-day life in myriad ways, we have to re-imagine biotech as an industry."
http://www.emeraldtherapeutics.com 
http://www.businesswire.com/news/home/20140701005334/en/Emerald-Therapeutics-Completes-Latest-Financing-Brings-Total#.U7MQr5RdXng 
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o Sunnyvale-Based Simply Hired Lands $12M in Equity and Debt Financing

Sunnyvale, Calif. -- Simply Hired, a Sunnyvale-based operator of job search engines in 24 countries, said on Tuesday it has landed $12 million through a combination of equity and debt financing from previous backers Foundation Capital and IDG Ventures, as well as City National Bank. The company will use the proceeds to fund ongoing product development activities and accelerate sales growth in the U.S. "With this financing, we will continue to focus on innovating on our core search platform and evolving our capabilities to more effectively and efficiently match job seekers and employers at scale," said James Beriker, the company's president and CEO. Launched in 2005, Simply Hired draws more than 30 million unique visitors a month.
http://www.simplyhired.com 
http://www.businesswire.com/news/home/20140701006266/en/Simply-Hired-Secures-12-Million-Financing-Advance#.U7MNLZRdXng 
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o Report: Venture-Backed IPOs Continue Strong Run in Second Quarter

New York -- Twenty-eight venture-backed initial public offerings (IPOs) raised $4.9 billion during the second quarter, a 45% increase in dollar amount from the previous quarter, according to a new report from Thomson Reuters and the National Venture Capital Association (NVCA). It marked the fifth straight quarter with at least 20 IPOs, following consecutive quarters in the single digits. "With the various stock indices continuing to reach new heights, the environment for IPOs remains quite favorable -- welcome news for venture-backed companies that have been waiting for the opportunity to go public for several years now," said Bobby Franklin, president and CEO of the NVCA. "Led by the biotechnology sector, life sciences companies appear to be the primary beneficiaries from the favorable IPO environment." The second quarter also saw 97 venture-backed M&A deals.
http://www.nvca.org/index.php?option=com_content&view=article&id=78:latest-industry-statistics&catid=40:research&Itemid=102 
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o Briefly Noted:


(Livermore, Calif.) Livermore-based Topcon Positioning Group, a maker of precise positioning products for uses such as surveying, construction and mapping, said on Tuesday it has broken ground on a new technology campus in Italy. The 169,000-square-meter campus, to be completed within four years, will include headquarters for Topcon-affiliated companies Tierra and Infomobility, as well as other offices, logistics facilities and construction and agricultural machine control testing areas. The remainder of the land will be dedicated to technical business services and activities commercially connected to Topcon.
http://topconpositioning.com 
http://www.businesswire.com/news/home/20140701006301/en/Topcon-breaks-ground-technology-center-Concordia-Italy#.U7MLapRdXng 

(South San Francisco) South San Francisco-based Vox Network Solutions, a provider of converged voice and data tools and services to businesses, on Tuesday named Chanley Geveshausen as its director of contact center solutions. Geveshausen most recently spent three years leading the contact center and professional services practice for Windstream's Integrated Solutions Group.
http://www.voxns.com/industry-expert-joins-the-vox-team-to-expand-contact-center-practice/

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> Free Cloud & Network Security Forum & EXPO - Santa Clara - June 25

June 25, 2014 MC2IT is hosting a free Cloud & Network Security Forum & EXPO at the Santa Clara Convention Center. EXPO begins at 5:00pm with networking and free appetizers, followed by a panel discussion and audience Q&A. Speakers on the panel include the Founder and CTO of Palo Alto Networks, the Chief Information Security Officer at FireEye, the Chief Privacy Officer at McAfee and the Cloud Platform Product Manager at Google. The event is hosted by Mission College Center for Innovation and Technology (“MC2IT”), a non-profit 501(c)(3) organization of Mission College improving the quality of STEM education. Event registration & details: www.mcsecurityforum.org
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