Wednesday, January 21, 2015

Bay Area Tech Wire - Jan. 21

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BAY AREA TECH WIRE -- Jan. 21, 2015
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Palo Alto-Based Pluribus Networks Lands $50 Million in Fourth Round
o Palo Alto-Based Ravello Systems Secures $28 Million in New Funding
o San Francisco-Based Taulia Adds $15 Million from Zouk Capital
o S.F.-Based Sparkcentral Raises $12 Million in Second Round
o San Francisco-Based goBalto Secures $12 Million in New Funding Round
o Palo Alto-Based ServiceRocket Acquires Learndot Platform
o With Smart Watch on Deck, Apple Steps Up Lobbying Efforts in DC

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Briefly Noted: Krimmeni Technologies, Condeco Software

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o Palo Alto-Based Pluribus Networks Lands $50 Million in Fourth Round

Palo Alto, Calif. -- Pluribus Networks, a Palo Alto-based developer of software and hardware network virtualization platforms, said on Wednesday it has raised $50 million in its fourth round of funding, led by Temasek Holdings. Previous backers New Enterprise Associates (NEA), Menlo Ventures, Mohr Davidow and AME Cloud Ventures participated in the round. New investors Ericsson and Newtech also contributed. The company, which now has raised $95 million since its inception, said it will use the proceeds to expand its sales, marketing, business development and engineering activities. Pluribus' flagship product, Netvisor, is a distributed network hypervisor operating system, converging compute, network, storage and virtualization.
http://www.pluribusnetworks.com
http://www.pluribusnetworks.com/news-and-events/press-releases/detail/20150121-pluribus-raises-50-million-series-d-up-round-funding-becomes-best-funded-private-sdn-company/ 
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o Palo Alto-Based Ravello Systems Secures $28 Million in New Funding

Palo Alto, Calif. -- Ravello Systems, the Palo Alto-based creator of a platform that allows developers to utilize the public cloud to develop and test applications, said it has raised $28 million in a new round of funding. Qualcomm Ventures and SanDisk Ventures co-led the round, with Sequoia Capital, Bessemer Venture Partners, Norwest Venture Partners and Vintage Investment Partners also participating. The company, which now has raised $54 million since its inception in 2011, said it will use the latest funding to significantly expand its marketing and sales operations, both in the U.S. and internationally. Ravello's platform is designed to simplify access to public clouds
http://www.ravellosystems.com 
http://www.ravellosystems.com/news/ravello-raises-additional-28-million 
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o San Francisco-Based Taulia Adds $15 Million from Zouk Capital

San Francisco -- Just four months after closing a $40 million funding round, San Francisco-based Taulia, a developer of web-based software designed to help clients optimize their financial supply chain and payment terms with suppliers, said on Wednesday it has landed a $15 million investment from U.K.-based Zouk Capital. The company now has raised $85 million since its inception. "We received an overwhelming amount of interest from investors during the past several months, and believe this additional funding will fuel Taulia's market traction and global presence," said CEO Bertram Meyer. Taulia's web-based platform is used by such brands as Coca-Cola Bottling, Consolidated, Pfizer, Pacific Gas & Electric and Hallmark.
http://www.taulia.com 
http://www.taulia.com/en/resources/news#ufh-c-80211-newsroom 
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o S.F.-Based Sparkcentral Raises $12 Million in Second Round

San Francisco -- Sparkcentral, a San Francisco-based developer of social media customer support software, said on Wednesday it has raised $12 million in its second round of funding, led by Split Rock Partners. Previous backer Sigma West also participated in the round, which the company will use for expansion,particularly in the areas of engineering, sales and marketing. Sparkcentral's customer relationship management platform is designed to help customer service teams handle large amounts of customer inquiries. Since closing its first round of funding in 2013, the company has added clients such as T-Mobile, Delta Air Lines, Netflix, Dropbox, Uber and Sears. Jim Simons, managing director at Split Rock Partners, will join the company's board of directors.
http://www.sparkcentral.com 
http://www.sparkcentral.com/static/assets/Sparkcentral_Series_B_Funding.pdf (PDF)
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o San Francisco-Based goBalto Secures $12 Million in New Funding Round

San Francisco -- goBalto, a San Francisco-based developer of cloud-based clinical study startup tools, said on Wednesday it has landed $12 million in a new round of funding from Mitsui Global Investment and Dolby Family Ventures. Masashi Kiyomine of Mitsui Global has joined the company's board of directors. goBalto said it will utilize the funding for expansion, product development and customer success initiatives. During 2014, customers tripled the number of studies started through the company's flagship platform, known as Activate. Previous backers include Aberdare Ventures, EDBI, Qualcomm Life and West Health Investment Fund.
http://www.gobalto.com
http://www.gobalto.com/newsroom.html 
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o Palo Alto-Based ServiceRocket Acquires Learndot Platform

Palo Alto, Calif. -- ServiceRocket, a Palo Alto-based provider of training, utilization and support technology and services, said on Wednesday it has acquired assets of Vancouver-based Matygo Educational, including the company's Learndot customer education platform. Financial terms of the deal were not disclosed. The company said the acquisition broadens its web-based training and content offerings. Learndot is designed to let users easily create courses from existing materials or from scratch, while also delivering analytics. "Learndot allows any user to set his or her own pace, and quickly measure the impact of the training and adjust it as needed," said Rob Castaneda, the founder and CEO of ServiceRocket.
http://www.servicerocket.com/ 
http://www.businesswire.com/news/home/20150121005240/en/ServiceRocket-Acquires-Learndot-Assets-Expands-Training-Content#.VL--SdLF_ng 
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o With Smart Watch on Deck, Apple Steps Up Lobbying Efforts in DC

Washington, DC -- With its trumpeted Apple Watch set to launch later this year, Cupertino-based Apple has stepped up its lobbying efforts in Washington, DC, Bloomberg reported. Citing data from OpenSecrets.org, the news service said the company lobbied the White House, Congress and 13 federal departments and agencies last year. That's a stark contrast from years past, when co-founder Steve Jobs famously avoided all things Washington. Bloomberg said that current CEO Tim Cook personally traveled to the Capitol last month, even posing for a photo with Utah Republican Senator Orrin Hatch, who is set to assume control of the Senate Finance Committee. Cook reportedly is attempting to lay the groundwork for new products, such as the smart watch, that will attract more government scrutiny.
http://www.bloomberg.com/news/2015-01-20/apple-steps-up-lobbying-in-washington.html 
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o Briefly Noted:

(San Francisco) San Francisco-based Krimmeni Technologies, a security startup whose technology is designed to ensure the architectural invisibility of digital secret keys, on Wednesday named Whitfield Diffie as the inaugural member of its technical advisory board. Diffie co-wrote the 1976 paper, "New Directions in Cryptography," which virtually invented the field of public key cryptography. The news comes three months after the company raised $11.7 million in its first round of funding from Third Point Ventures and Pelion Venture Partners.
http://www.krimmeni.com/ 
http://www.businesswire.com/news/home/20150121005183/en/Cybersecurity-Pioneer-Whitfield-Diffie-Joins-Newly-Created#.VL-2RNLF_ng 

(Campbell, Calif.) Campbell-based Condeco Software, a developer of workspace management technology, on Wednesday named John Anderson as its chief revenue officer. Anderson most recently served as the executive vice president of strategy and business development at Manhattan Software, and previously was the president and CEO of PeopleCube.
http://www.condecosoftware.com 
http://www.businesswire.com/news/home/20150121005254/en/Condeco-Appoints-John-T.-Anderson-Chief-Revenue#.VL-549LF_ng 

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