Thursday, October 16, 2014

Bay Area Tech Wire -- Oct. 16

BAY AREA TECH WIRE -- Oct. 16, 2014
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Menlo Park-Based Canaan Partners Raises $675 Million for 10th Fund
Palo Alto-Based Osmo Lands $12 Million in First Round of Funding
o San Francisco-Based Idibon Raises $5.5 Million in First Round
Shares of Brisbane-Based Atara Slump Following Smaller-Than-Expected IPO
Facebook's Zuckerberg Donates $25 Million to Help fight Ebola
Briefly Noted: Nexant, ForSight Vision5


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--SRK Headshot Day -- Fast Fun Affordable Professional Headshots
5 Ways to Win Online with the Broadcast Quality Generation Webinar
--Senior Manager, External Reporting - Mode Media,
Brisbane CA
--CyberMaryland 2014 Conference – Oct. 29-30
Senior Analyst - Consumer Services US
--Human Services Agency IT Director - City and County of San Francisco
--EnMasse Design - Bay Area Product Design Studio

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o Menlo Park-Based Canaan Partners Raises $675 Million for 10th Fund

Menlo Park, Calif. -- Canaan Partners, a Menlo Park-based venture capital firm, said on Thursday it has raised $675 million for its 10th fund, to be known as Canaan X. The firm, which focuses on early- and seed-stage startups, said it will devote two-thirds of the fund to investments in the information technology sector, and the other third to healthcare. Canaan now has more than $4.2 billion under management. Its recent exits include Ebates (acquired by Rakuten), Labrys Biologics (acquired by Teva Pharmaceutical), Civitas Therapeutics (to be acquired by Acorda Therapeutics), Dermira (IPO), Durata Therapeutics (to be acquired by Actavis), Skybox Imaging (acquired by Google), Metacloud (acquired by Cisco) and Israel-based PrimeSense (acquired by Apple). The firm also said it has promoted Tim Shannon to general partner; Hrach Simonian to venture partner; and Brendan Dickinson, Julie Papanek and Roseanne Wincek to principal. 

o Palo Alto-Based Osmo Lands $12 Million in First Round of Funding

Palo Alto, Calif. -- Osmo, the Palo Alto-based developer of a children's hardware games device that connects to any iPad, said on Thursday it has raised $12 million in its first round of funding, led by Accel Partners. Upfront Ventures and K9 Ventures also took part in the round. Accel's Rich Wong will join the company's board of directors. Founded in 2013 by Pramod Sharma and Jerome Scholler, Osmo is the developer of a device that allows any object -- such as a pen and paper -- interact with an iPad. The company, which generated more than $2 million through its pre-sales campaign, also announced a partnership that will see its products sold at 284 Apple retail stores in the U.S. and Canada, as well as online. "A year ago Jerome and I were still 3D printing Osmo in my garage, iterating on jagged prototypes," said Sharma, the company's CEO. "It’s an incredible moment for our company and with our new round of funding." 

o San Francisco-Based Idibon Raises $5.5 Million in First Round

San Francisco -- Idibon, a San Francisco-based developer of technology that combines natural language processing with data science to help companies better understand their language data, said on Thursday it has raised $5.5 million in its first round of funding. Investors included Altpoint Ventures, Khosla Ventures and Morningside Ventures, with participation from Samsung and Inventec. The company, which was launched earlier this year, said its platform takes unstructured data -- like social media, emails and websites -- and provides structured answers to business intelligence questions. Vadim Tarasov of Altpoint will join Idibon's board of directors. 

o Shares of Brisbane-Based Atara Slump Following Smaller-Than-Expected IPO

Brisbane, Calif. -- Shares of Brisbane-based Atara Biotherapeutics fell more than 8% by midday Thursday in their market debut, hours after the drug development company raised $55 million in its initial public offering (IPO). The company priced 5 million shares at $11 each -- well below expectations of $14-$16. Shares are now trading on the NASDAQ Global Select Market under the ticker symbol "ATRA." Atara focuses on therapies for patients with debilitating diseases. The company's lead products are based on proteins that have shown the potential to have therapeutic benefit in a number of clinical indications.

o Facebook's Zuckerberg Donates $25 Million to Help fight Ebola

Menlo Park, Calif. -- With fears of an Ebola outbreak spreading throughout the U.S., Facebook co-founder and CEO Mark Zuckerberg and wife Priscilla Chan said they have donated $25 million to the Centers for Disease Control Foundation to help fight the deadly disease. "We need to get Ebola under control in the near term so that it doesn't spread further and become a long term global health crisis that we end up fighting for decades at large scale, like HIV or polio," Zuckerberg wrote. "We believe our grant is the quickest way to empower the CDC and the experts in this field to prevent this outcome." The CDC said it will use the donation primarily to address needs identified by experts on the ground in the most severely affected countries of Guinea, Liberia and Sierra Leone. 

o Briefly Noted:

(San Francisco) San Francisco-based Nexant, a provider of energy software and services for utilities, on Thursday named Peter Noland as its vice president of business development for utility services. Noland most recently was senior director at CLEAResult, where he led market strategy and business development for the company's Pacific region. 

(Menlo Park, Calif.) Menlo Park-based ForSight Vision5, a developer of non-invasive products that replace eye drops and provide sustained therapy for eye diseases, on Thursday named Lisa Garrett as its vice president of finance and administration. Garrett previously was the vice president of human resources and CFO at Corventis.

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> SRK Headshot Day -- Fast Fun Affordable Professional Headshots

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> 5 Ways to Win Online with the Broadcast Quality Generation – Free Webinar Oct. 16, 2014

Join Jason Thibeault Senior Director, Marketing Strategy at Limelight Networks for this free webinar to learn how the Broadcast Quality Generation is reshaping the way you need to deliver videos and websites. We’ll explore some techniques you can employ to have instantaneous, instantly available digital experiences and discuss: Five strategies you can use right now to improve digital content : publishing efficiency. How you can simplify your media publishing workflow to better meet their needs? Critical components for providing digital experiences at broadcast quality. Oct. 16, 2014. 10:30am PT/1:30 pm EST. Register Now!

> Senior Manager, External Reporting - Mode Media, Brisbane CA

Mode Media is a leading vertical social media company with the largest online global reach in lifestyle and among the top 10 of the Wall Street Journal’s annual ranking of the top 50 U.S. venture-backed companies. The Sr. Manager, External Reporting has primary responsibility for all external reporting and compliance. This includes SEC reporting as well as all other regulatory agencies. This position will also act as coordination of any requirements globally. This person will work with the Corporate Accounting Group to provide assistance with the Company’s audit requirements and management of the public accounting firm (E&Y) during the quarterly and annual review/audit process. The manager helps build and maintain a “World Class” accounting and operations service and support organization. Requirements: Bachelor’s degree in Accounting or Finance; CPA required. 10 years’ experience, with at least 5 years of experience at public accounting firm, Big 4 preferred and 2 yrs experience as SEC reporting manager. Strong project management, leadership, relationship development and people management skills. Results orientation with an ability to manage the overall project, collaborate with different individuals across the organization and at target companies. To Apply:

> CyberMaryland 2014 Conference – Oct. 29-30 - Baltimore Convention Center

Collaborate, Educate and Innovate at the fourth annual CyberMaryland 2014 Conference October 29-30th at the Baltimore Convention Center, One W. Pratt Street, Baltimore, MD 21201. A two-day event of entrepreneurs, investors, academics, students, enterprises and government officials from across the nation and globe will convene in Maryland—the nation’s epicenter for cybersecurity. Network with nationally known speakers and entrepreneurs, join flash talks and pitch forums, attend sessions on commercialization and product ventures and Job Fair. Registration also includes National Cyber Security Hall of Fame Awards Dinner and MaryLand of Opportunity Night. Please visit Send inquiries to or (800) 878-2940

> Senior Analyst - Consumer Services US

Current Analysis is seeking to recruit a Senior Analyst to join the Consumer Services US team contributing to Current Analysis' existing capabilities and coverage in the US mobile, fixed and converged providers of consumer’s services. The ideal candidate will have exceptional knowledge of the key US wireless players, service portfolios and strategies, with strong knowledge in the following areas: Mobile data, WiFi calling, carrier-OTT partnerships, the MVNO competitive landscape and emerging innovation in the areas of carrier-branded VAS. Qualified candidates should have relevant market knowledge as well as a proven ability to analyze companies their services portfolios and corporate marketing positions. 5+ years professional experience as an analyst, technical writer, journalist, marketing or product management in IT, telecoms or related fields. Experience in tracking and analyzing Consumer Services in the US. Proven written, verbal and interpersonal skills in English required. Proven public event and/or sales presentation experience. Effective prioritization and time management skills. Able to work independently from home office and travel moderately within the US. Bachelor’s Degree required. Current Analysis offers competitive compensation packages and benefits including medical, dental, vision and 401(k). We are an Equal Employment Opportunity organization. To learn more about Current Analysis, please visit us at Send resumes to

> Human Services Agency IT Director - City and County of San Francisco

Seeking dynamic leader to manage $22.5 million division budget and staff of 75. An exciting civil service career opportunity to match system management expertise to improve client’s quality of life and customer experience through technology. Bachelor’s degree plus 7 years of increasingly responsible experience with at least 3 years of management experience is required. Salary range up to $174,382 plus outstanding benefits and retirement. Detailed brochure available at Confidential inquires welcomed to Robert Burg at (916) 630-4900. Apply online at

> EnMasse Design - Bay Area Product Design Studio

Founded in 2002, EnMasse Design is a design studio specializing in industrial design, mechanical engineering, product development and user interface design. We have experience in designing a range of products from small hand held devices to large systems. We're located in Mountain View. Industrial design / innovation / mechanical engineering / user interface design / human factors and ergonomics / injection molding / snap fits / sheetmetal / castings / machined components / formed plastics / class A surfaces / Solidworks / mechanisms / GD&T / system engineering / Dfx / analyses / electrical engineering/Medical / biotech / consumer / telecom / industrial. Send inquires to Jeff Gamelsky, Principal;; Phone:(650)303-1782

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