Tuesday, April 14, 2015

Bay Area Tech Wire -- April 14

BAY AREA TECH WIRE -- April 14, 2015
Mid-Atlantic Marketing Summit - May 8 - Washington, D.C.

Millbrae-Based Stem Raises $12M in Initial Tranche of Third Round
San Francisco-Based Eaze Lands $10M to Expand Marijuana Delivery
San Francisco-Based Engine Yard Acquires OpDemand
o San Jose-Based eBay Hires Three Executives Ahead of Planned Spinoff
Palo Alto-Based Phantom Cyber Raises $2.7 Million in Seed Round
o Santa Clara-Based WhiteHat Security Names Craig Hinkley as CEO
Briefly Noted: RiskIQ, TapLink, Battery Ventures - PrimeRevenue


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

--Director, Product Marketing in Tysons
--The Delicate Art of Persuading Your Boss
--IT Report Developer -- Kennedy Center
--The MIT Sloan CIO Symposium - May 20 - Cambridge, Mass.

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com

o Millbrae-Based Stem Raises $12M in Initial Tranche of Third Round

Millbrae, Calif. -- Stem, a Millbrae-based provider of intelligent energy storage systems, said on Tuesday it has raised $12 million in the initial tranche of its third round, led by Mitsui. The company said it will use the funds to enhance its grid services offerings and expand into international markets. "The value of customer-sited storage in grid-constrained regions is not exclusive to the U.S., as demonstrated by the increasing interest we're seeing from some of the world's largest energy players," said CEO John Carrington. Stem's system combines predictive software with advanced energy storage to help businesses reduce energy costs without impacting operations.

o San Francisco-Based Eaze Lands $10M to Expand Marijuana Delivery

San Francisco -- Eaze, the San Francisco-based developer of an online service that lets medical marijuana patients order and receive deliveries within 15 minutes, said on Tuesday it has landed $10 million in its first round of funding. DCM Ventures led the round, which also included participation from Fresh VC, 500 Startups and other unspecified investors. The company plans to use the proceeds to expand its medical marijuana on-demand delivery service across the U.S., in locations where it is legal. "The new funding enables us to expand rapidly by further developing our technology, building new dispensary partnerships and scaling our team," said founder and CEO Keith McCarty. Eaze launched last July, and has since made more than 30,000 deliveries throughout the Bay Area. The start-up raised $1.5 million in a seed round in November.

o San Francisco-Based Engine Yard Acquires OpDemand

San Francisco -- Engine Yard, the San Francisco-based developer of a cloud orchestration platform, said on Tuesday it has acquired Colorado-based OpDemand, developer of an open source application platform for Docker. Financial terms of the deal were not disclosed. Engine Yard said the acquisition will allow it to offer customers more flexibility in application languages. "We have expanded our offerings to include Docker containers running on both AWS [Amazon Web Services] and within our clients' private infrastructure," said CEO Beau Vrolyk. Gabriel Monroy and Joshua Schnell, the co-founders of OpDemand, will join Engine Yard as CTO and vice president of business development, respectively. All other employees also will make the transition and continue to support the open source Deis project.

o San Jose-Based eBay Hires Three Executives Ahead of Planned Spinoff

San Jose, Calif. -- As it prepares to spin off PayPal later this year, San Jose-based eBay has named three key executives. The company has named former Home Depot executive Harry Lawton as the head of eBay North America; former Agilent Technologies executive Marie Oh Huber as general counsel and former NYSE executive Scott Cutler as the head of StubHub. "As we prepare to launch the new eBay, they add strong breadth and depth to my leadership team," said CEO-designee Devin Wenig. eBay and PayPal will split into independent publicly traded companies in the second half of 2015.

o Palo Alto-Based Phantom Cyber Raises $2.7 Million in Seed Round

Palo Alto, Calif. -- Phantom Cyber, a Palo Alto-based developer of cybersecurity software, said on Tuesday it has raised $2.7 million in seed funding from several prominent individuals. Investors included Zach Nelson, the CEO of NetSuite; John Thompson, the former CEO of Symantec; Thomas Noonan, the former CEO of Internet Security Systems (ISS); and John Becker, the former CEO of Sourcefire. They were joined by venture capital firms Foundation Capital and Rein Capital. Phantom Cyber's core platform is designed to automate enterprise security operations. "Time and again, the root cause for data breaches and break-ins at even the best security-resourced organizations is not ignorance of risk or a lack of security controls, but a chronic inability to take quick, decisive action once an attack is underway," said founder and CEO Oliver Friedrichs. "We are offering a centralized, open and powerful platform organizations can use to close these gaps."

o Santa Clara-Based WhiteHat Security Names Craig Hinkley as CEO

Santa Clara, Calif. -- WhiteHat Security, a Santa Clara-based developer of application security tools, on Tuesday named Craig Hinkley as its new CEO. He succeeds company founder Jeremiah Grossman, who had served as interim CEO since Feb. 2014. Hinkley most recently served as vice president and general manager of the LogLogic business unit at TIBCO Software, and earlier was a general manager at HP. "When looking to hire the new CEO, we needed someone who is passionate about web security and who has the drive to take us to the next level," said Grossman. "We believe that Craig's leadership abilities and vision for the company are exactly what WhiteHat needs."


> Mid-Atlantic Marketing Summit - May 8 - McLean, Va.

The Mid-Atlantic Marketing Summit, now in its 4th year, will be held on May 8, 2015, at the Gannett Headquarters in McLean, Va. The annual summit has become the "must-attend" annual marketing event for the DC region and beyond. The summit brings together 400+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from the DC area to discuss the most important issues facing marketers in 2015-2016. The event features: (1) Dozens of case studies; (2) Keynotes from leading CMOs and marketers; (3) Presentations; (4) Panel discussions; (5) Analytics and data insights; and (5) Networking breaks; breakfast, lunch and cocktails. For more information, go to: www.mamsummit.com



o Briefly Noted:

(San Francisco) San Francisco-based RiskIQ, a developer of technology that analyzes web and mobile assets to detect malware, said on Tuesday it has opened a new customer success center near Kansas City. The company, which currently supports more than 100 customers, said the new office will give it a central location in the U.S.

(San Jose, Calif.) San Jose-based TapLink, developer of a technology designed to prevent offline password attacks by making databases impossible to steal, said on Tuesday it has emerged from stealth. The company said its Blind Hashing technology has been in deployment on more than 40 websites for the past two years.

(Menlo Park, Calif.) Battery Ventures, the Menlo Park-based venture capital firm, said on Tuesday it has co-led a new $80 million round of funding for Atlanta-based PrimeRevenue, a developer of web-based working capital finance tools. BBH Capital Partners also co-led the round. Battery was a prior investor in PrimeRevenue and increased its stake as part of the transaction.

Job/Event/Marketplace Listings:
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> Director, Product Marketing - Tysons, Virginia

Perspecsys, a leading cloud security software provider, is seeking a Director, Product Marketing. Reporting directly to the CMO, the individual will be responsible for all outbound lead generation campaigns, Sales and Channel enablement, competitive analysis and positioning, product launches, etc. This position is ideal for entrepreneurial candidates with strong Product Marketing experience, a successful track record achievement, and a desire to be part of a rapidly growing start-up. For more information and to apply, go to: perspecsys@techwiremedia.com

> The Delicate Art of Persuading Your Boss

You’ve got a brilliant idea to transform the business. Or maybe you're just trying to stop the stupid train from rolling over the great work your team has done. You make your case to your boss, but she's not convinced. What next? Real leaders take a step back and get serious about the persuading. http://fairfaxcountyeda.org/bay-area-tech-wire

> 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.


> 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 www.mitcio.com.


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