Wednesday, March 25, 2015

Bay Area Tech Wire -- March 25

BAY AREA TECH WIRE -- March 25, 2015
Featured Job: Product Manager - Optoro - Washington, DC

Palo Alto-Based Ayasdi Lands $55 Million in Third Round of Funding
o San Francisco-Based August Raises $38 Million in Second Round
Santa Clara-Based Hedvig Eme4rges with $12.5 Million in Funding
Cupertino-Based Apple Acquires FoundationDB
Co-Founder George John Steps Down as CEO of Rocket Fuel
Sequoia Capital Venture Capitalist Again Tops Forbes' Midas List
Briefly Noted: Udemy, Trimble, FTC -


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

--Product Manager - Washington, DC
--IT Report Developer -- Kennedy Center
--Director, Solution Consulting - Washington, DC
--Director, Site Experience - Washington, DC
--The MIT Sloan CIO Symposium - May 20 - Cambridge, Mass.
--Sales Operations Manager - FirstFuel Software (Massachusetts)
--Business Development Representative - FirstFuel Software (Massachusetts)
--Associate - North Atlantic Capital - Portland, ME
--Principal Analysts, Enterprise Security
--Intellectual Property Services/Patent Applications Drafted

Ad Descriptions Below Briefly Noted Section
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o Palo Alto-Based Ayasdi Lands $55 Million in Third Round of Funding

Palo Alto, Calif. -- Ayasdi, a Palo Alto-based developer of software designed to simplify the extraction of knowledge from complex data, said on Wednesday it has landed $55 million in its third round of funding. Kleiner Perkins Caufield & Byers (KPCB) led the round, which included participation from previous backers Institutional Venture Partners (IVP), Khosla Ventures, FLOODGATE and Citi Ventures, as well as new investors Centerview Capital Technology and Draper Nexus. Ayasdi's Machine Intelligence software is currently used by clients such as Citigroup, Credit Suisse, Siemens, Lockheed Martin, Mercy Health System, Mount Sinai School of Medicine and UCSF Medical Center. "Our mission is to make complex data useful for all organizations and businesses," said CEO Gurjeet Singh. The company said it will use the proceeds to expand into new sectors, including retail, information services, manufacturing, energy and technology. 

o San Francisco-Based August Raises $38 Million in Second Round

San Francisco -- August, the San Francisco-based developer of a smart look system that lets users send virtual keys to anyone they would like to have access to their homes, said on Wednesday it has raised $38 million in its second round of funding, led by Bessemer Venture Partners. Other participants included Comcast Ventures and Qualcomm Ventures, as well as previous backers Maveron, Cowboy Ventures, Industry Ventures, Rho Ventures and SoftTech VC. The company, which now has raised $50 million since its inception, said it will use the latest funding to launch new products for home access, expand further into retail markets and grow its San Francisco-based team. August, co-founded by technology entrepreneur Jason Johnson and designer Yves Béhar, launched its flagship product, the August Smart Lock, in Apple stores nationwide in October. The Bluetooth low energy smart lock -- which sells for $249.99 -- combines software and hardware to let smartphones replace keys. Rob Stavis of Bessemer Venture Partners will join the company's board of directors. 

o Santa Clara-Based Hedvig Eme4rges with $12.5 Million in Funding

Santa Clara, Calif. -- Following three years in stealth mode, Santa Clara-based Hedvig, developer of a software-defined storage platform, on Wednesday officially emerged with the announcement of $12.5 million in funding. The company's seed and first rounds, both announced Wednesday, were led by True Ventures and Atlantic Bridge, respectively. True Ventures and Redpoint Ventures also participated in the first round. "We considered launching the company at the seed round stage more than a year and a half ago, but many industry experts did not believe what we were doing could be done so it didn't make sense to publicize our company until our platform was proven and in production at several customer sites," said founder and CEO Avinash Lakshman. The distributed storage platform is designed to let cloud and data center professionals consolidate storage of any type or location into a virtualized pool, lowering the provisioning time and costs. The concept allows customers to increase capabilities as their needs evolve, without the need to reset their storage architecture. 

o Cupertino-Based Apple Acquires FoundationDB

Cupertino, Calif. -- Technology-giant Apple has acquired FoundationDB, a Virginia-based developer of database software, TechCrunch reported. Financial terms of the deal were not disclosed. "Thank you for your support of FoundationDB over the last five years," reads a message on the company's website. "We're grateful to have shared our vision of building the best database software and we strongly value your participation in this community. We have made the decision to evolve our company mission and, as of today, we will no longer offer downloads." Founded in 2009 by the team responsible for Visual Sciences' analytics technology (now part of Adobe), FoundationDB had raised $22.7 million in venture capital from Sutter Hill Ventures, CrunchFund and SV Angel. The company specializes in building storage engines for distributed applications. "It seems likely that this was an acquisition designed to bolster Apple's server-side technologies for the App Store, iTunes Connect or iTunes in the Cloud," wrote TechCrunch.

o Co-Founder George John Steps Down as CEO of Rocket Fuel

Redwood City, Calif. -- Rocket Fuel, a developer of artificial intelligence advertising and marketing tools, said that co-founder George John has stepped down as its CEO. John, who has led the company since 2008, will remain chairman. Monte Zweben, a board member since 2010, has been named interim CEO while the company searches for a replacement. "I realized the time is right to identify a successor as CEO to help Rocket Fuel achieve its financial goals and guide it through its next stage of growth," said John. "Managing Rocket Fuel to profitability is a very different challenge than the growth-focused mode of the past few years." The company's board has formed a CEO search committee, which includes John, and plans to hire an executive search firm to help with the process. 

o Sequoia Capital Venture Capitalist Again Tops Forbes' Midas List

Menlo Park, Calif. -- For the second straight year, Jim Goetz of Menlo Park-based Sequoia Capital tops Forbes' Midas List, an annual data-driven ranking of the world's 100 smartest technology investors. The list ranks the world's 100 top venture capitalists based on all exits (IPOs or acquisitions) above $200 million over the past five years. The publication assessed an investor's involvement in each deal and put a premium on new deals and capital that was risked at the earliest investment stages. Public performance of VC-backed IPOs also was a factor. Goetz topped the rankings after participating in deals for WhatsApp, Palo Alto Networks and Nimble Storage during the year, with Peter Fenton of Menlo Park-based Benchmark Capital and Chris Sacca of Lowercase Capital rounding out the top three. Marc Andreessen of Menlo Park-based Andreessen Horowitz, who had the No. 2 spot last year, fell to No. 19. Firms with the most partners on the list include Sequoia Capital (10), Palo Alto-based Accel Partners (eight), Menlo Park-based Kleiner Perkins Caufield & Byers (four), Benchmark Capital (four) and Greylock Partners (four). The complete rankings are available at the link below. 

o Briefly Noted:

(San Francisco) San Francisco-based Udemy, developer of a marketplace for learning and teaching online, said it has launched a new initiative to bring free and discounted computer technology courses to K-12 teachers. The program, called the Teacher Tech Initiative, will offer free courses to the first 1,000 K-12 teachers who sign up, and up to 95% discounts to all U.S. K-12 teachers for a collection of web development courses through 2015. This represents a $5 million investment by the company. 

(Sunnyvale, Calif.) Sunnyvale-based Trimble, a developer of software aimed at making field and mobile workers more productive, said on Wednesday that Borje Ekholm and Kaigham Gabriel have agreed to stand for election to serve on its board of directors. Ekholm is the president and CEO of Investor AB, and Gabriel is president and CEO The Charles Stark Draper Laboratory. The election will take place on May 7. Trimble also announced that John Goodrich will retire from its board at the end of his term. 

(Washington, DC) The Federal Trade Commission (FTC) said on Thursday it has granted summary decision against the operators of, a website that billed itself as "the anti-social network," for allegedly deceiving users about the source of content on its site. The FTC found that the operators -- Jerk LLC and John Fanning -- misled consumers by claiming that content was posted by other users. Instead, most of the content came from Facebook profiles mined by the operators. The order requires the company to delete all personal and customer information collected during the operation of the now-defunct website within 30 days, and prohibits it from selling or disclosing any of that information.
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> Product Manager - Washington, DC

Reporting to the Vice President of Product Management, the Product Manager will be an integral member of our team, helping to create web and mobile applications for Optoro’s enterprise software solution, data and analytics platform, and cutting-edge eCommerce site You will work closely with engineers and designers to build solutions that are changing the reverse logistics industry. This position is ideal for entrepreneurial candidates with 2 to 4 years of product management experience who want to be part of a rapidly growing start-up. For more information and to apply, go to:

> IT Report Developer -- Kennedy Center

The Kennedy Center Information Technology department's Report Developer would help to gather report requirements, document specifications, estimate project timelines, and will be responsible for the design, development, QA, and delivery of custom reports and reporting solutions. Also required will be an understanding of ETL processes and data warehouse concepts, transactional databases, star/snowflake schema databases, as well as familiarity of OLAP cubes. Responsibilities Include: Perform advanced report development utilizing SQL Server Reporting Services. Utilize an understanding of relational database concepts as well as data warehouse and ETL concepts. Design, code, and test database objects to support reporting. Experience: 3+ years’ experience with full life cycle of Report Development projects. 1+ years' experience with SQL Server Reporting Services. Excellent written and verbal communication. For consideration, apply online here.


> Director, Solution Consulting - Washington, DC

Recognized as one of the fastest growing companies in the country, Optoro is transforming the retail industry by helping to build more sustainable supply chains. We're backed by some of the most prominent investors in the country, including Kleiner Perkins & Revolution Growth. The Director of Solution Enablement will provide leadership to the Solution Enablement team, ensuring they are inspired, engaged and motivated. This person is expected to contribute to the organization’s growth and development in a variety of ways including: Client Engagement, Client Management, Solution Development, Business Development, People Development and Thought Leadership Development. Requirements: A Bachelor's degree from a 4 year college (or equivalent). An advance degree is preferred. Proven leadership experience in a client facing role. At least 7 years of relevant consulting experience within a top tier consulting firm or leading supply chain software solution provider. For more information or to apply, go to:

> Director, Site Experience - Washington, DC

Recognized as one of the fastest growing companies in the country, Optoro is transforming the retail industry by helping to build more sustainable supply chains. We're backed by some of the most prominent investors in the country, including Kleiner Perkins & Revolution Growth. The Director of Site Experience will work closely with the Vice President of Ecommerce to deliver the business objectives of increasing revenue from our ecommerce site The responsibilities of this new created position will be focused on delivering a winning online shopping experience that is on-brand and maximizes conversion. Requirements: Minimum 4 years of experience in marketing/ecommerce. Preferred Bachelor 's degree in Math, Finance, Marketing, Social Science. Minimum 2 years of experience with analytics and a proven track record in driving tangible results and actionable insight. Skilled knowledge of key digital analytics tools, particularly Google Analytics, including implementation/tagging experience and data analytic skills. Preferred experience with site search platforms, testing platforms and customer research. For more information or to apply, go to:


> The MIT Sloan CIO Symposium - May 20 - Cambridge, Mass.

The MIT Sloan CIO Symposium will help CIOs to invent their future and accelerate success through technology. CIOs will engage with business leaders, technology trendsetters, and academic thought leaders in panel discussions and explore new thinking and practices. Panel discussions include: Academic Keynote Panel -- The Impact of Automation; Platform Shift -- How New Business Models are Changing the Shape of Industry, and the Role of CIOs; Leading Digital: A Manifesto for IT and Business Executives; The Board, CEO and CIO Roles in Dealing with Digital Disruption; Cybersecurity - New Approaches to Assessing and Maximizing Your Protection; Demand Shaping: How IT Becomes a Distinctive Advantage; and Cashing in on Your Data. Use code 15NETECHWIRE when registering for a $200 discount. Register at


> Sales Operations Manager - FirstFuel Software - Massachusetts

FirstFuel is looking for an experienced and diligent self-starter to lead FirstFuel's Sales Operations group. As manager, you will be responsible for directly supporting the Field Sales Team and supervising a lean team of talented individuals to manage sales systems and processes, customer proposals and sales training. The Sales Operations Manager will directly report to FirstFuel's SVP of Global Sales & Business Development and will work cross-functionally with Marketing, Regulatory, Product Management and Customer Solutions to help drive continued company success and rapid growth. For more information or to apply, click here.

> Business Development Representative - FirstFuel Software - Massachusetts

Our Lead Generation Representative thrives in a fast-paced environment and is accountable for identifying and qualifying new business opportunities for the sales team. He/she enjoys prospecting and is skilled at qualifying new customer opportunities. He/she is capable of challenging a prospect’s existing business practices, introducing and aligning FirstFuel’s products, solutions, and service. You will be driving initial discovery calls to confirm a business need. For more information or to apply, click here.

> Associate - North Atlantic Capital - Portland, ME

Portland, Maine based North Atlantic Capital is seeking an Associate to play a crucial role in executing our investment strategy by researching promising technology market segments and proactively reaching out to the CEOs and CFOs of leading private companies within those market segments. He or she will also participate in all phases of investment process including: due diligence, meetings with management, focused company and industry research, financial modeling and writing investment recommendations. All candidates considered must have: 2-4 years work experience, investment banking or corporate development experience, experience working with or strong affinity for technology companies and an exceptional educational background. Send resumes to:


> Principal Analysts, Enterprise Security

Current Analysis, a Progressive Digital Media company, is seeking a Principal Analyst to work in our Enterprise Security group with expertise spanning secure messaging, data security and governance, firewall/VPN and intrusion prevention and detection. Of particular importance is the ability to view security broadly and speak to its impact upon the entire IT technology landscape such as mobility, data center, application development, big data, and collaboration. Qualified candidate should have the ability to identify market trends and weigh the relative strengths and weaknesses of companies and products while delivering high quality analysis under tight deadlines. The goal is to deliver intelligence that alerts and helps sales professionals respond to competitive threats and opportunities, and gives end users insight into the strengths and weaknesses of competing products/strategies. Companies covered include, but are not limited to CA, Checkpoint, Cisco, EMC/RSA, IBM/ISS, Juniper, McAfee, Microsoft, Symantec, and Trend Micro. Send resumes to For more information about the position, go to: 

> 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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