Thursday, February 12, 2015

Bay Area Tech Wire -- Feb. 12

BAY AREA TECH WIRE -- Feb. 12, 2015
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Palo Alto-Based Raises $50 Million in New Funding
S.F.-Based Invitae Raises $101.6 Million in IPO, Shares Climb in Debut
Pleasanton-Based Unchained Labs Raises $25M, Makes First Acquisition
o SBA Launches Online Tool to Match Entrepreneurs with Lenders
Facebook Launches New Options to Manage Account After Death
o Briefly Noted: SpoonRocket, ShoreTel, Cyphort


> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

Chief Information Security Officer (CISO) - San Francisco Airport (SFO)
--Senior Level DOT.NET Developer - Washington D.C. - Kennedy Center
--Intellectual Property Services/Patent Applications Drafted

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o Palo Alto-Based Raises $50 Million in New Funding

Palo Alto, Calif. --, a Palo Alto-based developer of digital business payment services, said on Thursday it has raised $50 million in a new round of funding, increasing the company's total backing to more than $100 million. Silicon Valley Bank joined previous investors DCM Ventures, Scale Venture Partners, August Capital, Napier Park Global Capital, American Express Ventures and Commerce Ventures in the round. provides a suite of digital payments tools designed to simplify the process of paying bills and invoicing. "With a majority of businesses still using manual processes to manage their A/P and A/R, there is a significant market opportunity for us," said founder and CEO René Lacerte. "With this new capital, we will continue to expand our core technology and fulfill our promise to deliver digital payments solutions to businesses nationwide."  

o S.F.-Based Invitae Raises $101.6 Million in IPO, Shares Climb in Debut

San Francisco -- Shares of San Francisco-based Invitae closed up 6.5% in their first day of trading Thursday, hours after the genetic testing company raised $101.6 million in its initial public offering (IPO). The company priced 6.35 million shares at $16 each. The company previously had expected to sell just 5.35 million shares for $14-$15 each. Invitae currently provides a single diagnostic test comprising over 200 genes for a variety of genetic disorders associated primarily with cancer, but also covering cardiology, hematology, neurology and pediatrics. The company said its goal is to aggregate most of the world's genetic tests into a single service with "higher quality, faster turnaround time and lower price than many single-gene tests today." Shares, now trading on the New York Stock Exchange under the symbol "NVTA," closed Thursday at $17.05. 

o Pleasanton-Based Unchained Labs Raises $25M, Makes First Acquisition

Pleasanton, Calif. -- Unchained Labs, a Pleasanton-based developer of life sciences tools, said on Thursday it has raised $25 million in its first round of funding, using a portion of the proceeds to make its first acquisition. The startup said it has acquired Optim -- a multiplex protein stability platform for biologics -- from Avacta Group. The platform is designed to let researchers measure multiple protein stability parameters -- such as denaturing temperature and aggregation onset temperature -- on multiple samples simultaneously. Novo Ventures, Canaan Partners and TPG Biotech co-led the funding round, which the company said it will use to continue buying businesses and product lines.

o SBA Launches Online Tool to Match Entrepreneurs with Lenders

Washington, DC -- The Small Business Administration (SBA) said it plans to launch a first-of-its-kind tool on its website that will match entrepreneurs looking for a small business loan with an SBA lender. With the tool, called LINC (Leveraging Information and Networks to access Capital), small business owners will fill out an online form, then have their answers sent to every lender in their county, as well as to other lenders with a regional or national reach. They will then here back from the lenders within 48 hours. At launch, 124 lenders across the SBA's lending programs are participating in LINC, operating in all 50 states, DC and Puerto Rico. (LINC)

o Facebook Launches New Options to Manage Account After Death

Menlo Park, Calif. -- Social media giant Facebook on Thursday introduced new features aimed at giving members more control over what happens to their accounts once they die. Subscribers now can choose a "legacy contact," designating a family member of friend to manage their accounts. That person will be able to do things like post special messages, respond to new friend requests and update photos, but won't be able to log in as the person who passed away or see that person's private messages. A second alternative allows people to request that their Facebook accounts be permanently deleted upon their death. Until now, the company only has offered a basic memorialized account, which was viewable, but couldn't be managed by anyone. 


10 Difficult Coworkers and How to Cope With Them

Getting along with coworkers mostly means minding your own business. However, there are some coworkers who need a little handling. It’s not difficult once you’ve spotted the behaviors. Here we describe 10 of the most difficult coworkers.



o Briefly Noted:

(San Francisco) San Francisco-based SpoonRocket, developer of an on-demand service that lets users order fresh meals online or through an app and have them delivered within 15 minutes, said on Thursday it is expanding its service to two college campuses -- the University of California, San Diego and the University of Washington in Seattle. They mark the company's first two markets outside of the Bay Area. 

(Sunnyvale, Calif.) Sunnyvale-based ShoreTel, a developer of IP phone systems and unified communications tools, on Thursday named Shane Robison to its board of directors. He takes the place of Gary Daichendt, who has resigned from the board. Robison was the CEO of Fusion-io until its acquisition by SanDisk last July.

(Santa Clara, Calif.) Santa Clara-based Cyphort, developer of a cybersecurity platform designed to detect and analyze malware, on Thursday named Denise Hayman as its vice president of worldwide sales. Hayman previously held various sales and executive leadership positions at Vendavo, Norse, Symplified, Zscaler and PGP. 

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> Chief Information Security Officer (CISO) - San Francisco Airport (SFO)

Applicants must have federal security clearance at the SECRET level or higher within the last ten years to apply. Requires background working with business stakeholder groups to develop and deliver an organization-wide cyber security agenda with a track record of assessing threats and vulnerabilities at an organizational level and delivering specific remediation actions and initiatives. Requires a unique blend of people skills and an uncanny ability to move swiftly to resolution in a fast-paced and complex environment. Bachelor’s degree required. Annual salary range is $132,626 to $169,260 plus outstanding benefits including retirement plan. Send resume and cover letter by February 27, 2015 to Details on requirements in full brochure at or contact Ms Heather Renschler or Mr. Greg Nelson at 916-630-4900.

> Senior Level DOT.NET Developer - Washington DC - Kennedy Center

The Kennedy Center Information Technology department provides and supports a variety of applications, systems and tools to staff, performers, patrons and other constituents to enable this mission to be accomplished. The senior .Net/Sharepoint developer will develop, maintain, enhance and support this set of solutions. Responsibilities Include: Provide software development, enhancement and support for complex .NET (primarily C#) based software used by the Kennedy Center, including Visual Studio 2010 and MVC applications both Windows and ASP.NET based. SQL Server 2008 R2 T-SQL database development ability is also a requirement. Responsibilities include providing business process analysis, custom software development and production system support. Experience: Five or more years of total IT lifecycle experience with three or more years mid-level, hands-on full lifecycle C#, or Java development in a business environment. Full requirements at link below. Experienced in multi-tiered application development. The position holder must be able to independently complete assignments on schedule as well as function as part of a larger team of developers, systems analysts, and business units. For more information and to submit resumes online, click here


> Intellectual Property Services/Patent Applications Drafted

ROARK IP ( provides a wide range of services relating to intellectual property including patents, trademarks, copyrights, trade secrets and licensing. We charge $3600.00 (excluding government filing and drafting fees) to prepare a utility patent application for filing with the US Patent & Trademark Office in the mechanical and electrical technology areas. Sample patents drafted include: 6,134,944; 6,158,244; 6,225,635; 6,226,346; 6,417,754; 6,490,469; 6,515,737; and 6,850,920. Flat fee, no surprise billing offered. We are located in San Jose. If you are interested, please contact us at

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