Wednesday, May 20, 2015

Bay Area Tech Wire -- May 20

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BAY AREA TECH WIRE -- May 20, 2015
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To subscribe: www.bayareatechwire.com


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Palo Alto-Based Coho Data Lands $30 Million in Third Round
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San Francisco-Based Fuze Raises $20 Million, Acquires LiveMinutes
o Palo Alto-Based Maana Emerges from Stealth After Raising $14 Million
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San Francisco's Redbubble Raises $15.5 Million in Funding
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Half Moon Bay's Cyber adAPT Lands $4.1 Million in First Round
o Sunnyvale-Based Neumob Lands $2.3 Million in Seed Funding
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San Francisco-Based GoFactory Secures $2 Million in Seed Funding
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Menlo Park-Based Delphix Acquires Axis Technology Software
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Briefly Noted: Springpath, Altamont Capital Partners

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--10 On-The-Job Mistakes That Can Sabotage Your Career
--San Francisco International Airport - Enterprise Architect
--Senior Director, Business Development - Optoro - DC

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o Palo Alto-Based Coho Data Lands $30 Million in Third Round

Palo Alto, Calif. -- Coho Data, a Palo Alto-based developer of web-scale flash storage tools, said on Wednesday it has landed $30 million in its third round of funding, increasing its total backing to nearly $67 million. March Capital Partners led the round, which also included participation from Hewlett Packard Ventures and Intel Capital, as well as previous backers Andreessen Horowitz and Ignition Partners. "Coho's scale-out storage technology allows our customers to achieve web-scale economics within their own data centers by purchasing exactly the storage performance and capacity that they need, as they need it," said co-founder and CEO Ramana Jonnala. "This funding allows us to continue to grow into new markets and to invest in further broadening Coho's product portfolio and capabilities."
http://www.cohodata.com
http://www.cohodata.com/press/coho-data-rasies-30million-series-c 
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o San Francisco-Based Fuze Raises $20 Million, Acquires LiveMinutes

San Francisco -- Fuze, the San Francisco-based developer of cloud video conferencing technology, said on Wednesday it has raised $20 million in a new round of funding from Hermes Growth Partners and acquired San Francisco-based LiveMinutes, developer of an online team workspace platform. Financial terms of the deal were not disclosed. Fuze said the acquisition will expand its platform to include a project workspace that distributed teams can use to stay connected, create and share content. "Customers tell us they are frustrated by outdated conferencing tools and the multiplication of the new breed of team messaging apps that create even more fragmented streams of conversations," said CEO Bobby Yerramilli-Rao. "Integrating LiveMinutes is our first step in giving teams all the tools they need to stay in touch and collaborate… on one unified platform." LiveMinutes' employees in San Francisco and Paris have joined the Fuze team, with CEO Kemal El Moujahid leading the company's product strategy.
http://www.fuze.com 
https://liveminutes.com/ 
http://blog.fuze.com/fuze-acquires-team-collaboration-platform-liveminutes-raises-20m-from-hermes-growth-partners/ 
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o Palo Alto-Based Maana Emerges from Stealth After Raising $14 Million

Palo Alto, Calif. -- Maana, a Palo Alto-based developer of search technology for big data, said on Wednesday it has emerged from stealth after raising $11 million in its first round of funding. The company, which now has raised $14 million since its inception, received investments from Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures and Intel Capital. Maana's platform is deployed between existing line-of-business applications and the multiple sources of data from the operations of core enterprise assets. The goal is to improve the day-to-day decisions of thousands of employees involved in the operations, maintenance and management of core enterprise assets. "Data mining is ultimately about solving business problems, and Maana's search-based platform supports all aspects of the process," said founder and CTO Donald Thompson. "Maana helps integrate data from disparate sources and turn it into meaningful knowledge that can be interactively explored and operationalized into line-of-business solutions."
http://www.maana.io/
http://www.maana.io/company/press-release/maana-search-engine-for-big-data-14-mm-funding/ 
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o San Francisco's Redbubble Raises $15.5 Million in Funding

San Francisco -- Redbubble, an Australian online marketplace for artist designed products with U.S. headquarters in San Francisco, said on Wednesday it has raised $15.5 million in a new round of funding. Investors included Acorn Capital and Piton Capital, as well as previous individual backers Simon Baker, Michael Birch, Stan Chudnovsky, Su-Ming Wong and Simon Yencken. "The funds will allow us to service the growing consumer wave for personally relevant and creative products and accelerate our product rollout and plans for further international expansion," said founder and CEO Martin Hosking. Redbubble hosts 14 million unique images that can be printed on a diverse collection of lifestyle products, including apparel, homewares, fashion and technology accessories and wall art. Last year, more than 1.2 million customers shopped on the site and more than 60,000 artists made sales.
http://www.redbubble.com
http://www.businesswire.com/news/home/20150520006051/en/Redbubble-Raises-15.5-Million-Oversubscribed-Capital-Raising#.VVzoOrlViko 
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o Half Moon Bay's Cyber adAPT Lands $4.1 Million in First Round

Half Moon Bay, Calif. -- Cyber adAPT, the U.K.-based developer of a real-time network threat detection platform, with U.S. headquarters in Half Moon Bay, said it has raised $4.1 million in its first round of funding from Alvin Fund, Granite Point Capital Partners, Griffin Fund II and Fundamental Capital Management. The company also launched the general availability of its core platform, which passively observes network traffic and looks for malicious activity already inside the perimeter. "With the escalation of attacks and the serious implications to the bottom-line, the protection of enterprise data is now a board-level imperative," said Kirsten Bay, the company's president and CEO. "Cyber adAPT is uniquely qualified to assess security risks that were not previously considered, as well as identifying and ultimately exposing security blind spots."
http://www.cyberadapt.com 
http://www.cyberadapt.com/2015/05/cyber-adapt-secures-4-1m-in-series-a-funding-unveils-real-time-network-threat-detection-platform/  
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o Sunnyvale-Based Neumob Lands $2.3 Million in Seed Funding

Sunnyvale, Calif. -- Neumob, a Sunnyvale-based developer of cloud network tools designed to speed mobile apps, said it has raised $2.3 million in a round of seed funding aimed at fueling product development. Accel Partners, Eniac Ventures, Lightbank, Menlo Ventures, Plug and Play Ventures and Shasta Ventures participated. Neumob said its free app, released for Android devices last month and available for Apple devices in the next few months, will let smartphone users "dramatically" improve the speed of their apps and browsers. "Mobile apps are everywhere, but a mass majority of the world experience slow laggy apps, timeout issues or worse, unusable apps," said co-founder and CEO Jeff Kim. "Neumob takes cutting edge acceleration technology and will make it readily accessible to 5 billion users around the world."
http://www.neumob.com/ 
http://www.prnewswire.com/news-releases/neumob-raises-23m-to-accelerate-apps-into-the-mobile-fast-lane-300085169.html 
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o San Francisco-Based GoFactory Secures $2 Million in Seed Funding

San Francisco -- GoFactory, a San Francisco-based industrial Internet of Things startup, said it has secured $2 million in seed funding. Investors included Visionnaire Ventures, as well as Reuben Brothers, David Clark, Jonathan McQueen, Swordfish Investments and Thomas Kunz. The company has developed a service that analyzes data from connected assets and instantly notifies the right people with the information needed to respond to and solve critical issues. "With this round of funding, we will expand our IIoT solutions to several industries that can benefit from real-time insight and response," said CEO Allan McNichol.
http://www.go-factory.com
http://www.businesswire.com/news/home/20150519005330/en/IIoT-Company-GOFACTORY-Secures-2-Million-Seed#.VVuAnrlViko 
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o Menlo Park-Based Delphix Acquires Axis Technology Software

Menlo Park, Calif. -- Delphix, the Menlo Park-based developer of a data-as-a-service platform, said on Wednesday it has acquired Boston-based Axis Technology Software, a developer of data masking software that gives users the ability to scramble private information such as social security numbers and credit card information. Financial terms of the deal were not disclosed. Delphix said the acquisition will allow it to offer integrated data masking, data virtualization and data archiving. "We believe that data masking… has become a critical requirement for managing data across development, testing, training and reporting environments," said CEO Jedidiah Yueh. "With Axis, Delphix not only accelerates application projects, but also increases data security for our customers." Michael Logan, the founder and CEO of Axis, will become the vice president of data masking at Delphix.
http://www.delphix.com 
https://www.axistechnologyllc.com/ 
http://www.delphix.com/2015/05/20/delphix-acquires-data-masking-leader-axis-technology-software/ 
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o Briefly Noted:

(Sunnyvale, Calif.) Sunnyvale-based Springpath, a developer of infrastructure software providing compute and storage services running on a variety of standard servers, on Wednesday named Terry Cunningham as its new CEO. Cunningham, most recently the president and general manager of Seagate's cloud storage and DR division, Evault, succeeds co-founder Mallik Mahalingam, who will continue as CTO.
http://www.springpathinc.com/Terry-Cunningham-Joins-As-CEO-Of-Hyper-Converged-Pioneer-Springpath-Inc.php 

(Palo Alto, Calif.) Palo Alto-based private equity firm Altamont Capital Partners on Wednesday named Todd Lachman as an operating partner, focused on investment opportunities in the consumer sector. Lachman most recently was the global president of the Mars Petcare business.
http://www.prnewswire.com/news-releases/altamont-capital-hires-todd-lachman-to-pursue-investments-in-the-consumer-sector-300086562.html

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> 10 On-The-Job Mistakes That Can Sabotage Your Career

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> San Francisco International Airport - Enterprise Architect

This is truly a rare opportunity to join an award winning and progressive organization that is innovating to be the most technologically empowering airport in North America! This newly created position of Enterprise Architect for San Francisco International Airport (SFO) is focused on developing and delivering the strategic technology roadmap for both the short- and long-term. By providing expertise on the design of architectural solutions as well as the establishment of architecture standards, the Enterprise Architect will play an integral role in building a holistic view and framework for the Airport’s technology strategy, processes, and information technology roadmap. Top contenders will be strategic thinkers and strong communicators to ensure proposed technical solutions are aligned with the Airport’s overall objectives, mission, and vision. Requires five years of experience at a senior level as an application and systems architect; experience in the development of platf! Bachelor’s degree required. Annual salary range is $123,578 to $157,742 plus outstanding benefits including retirement plan. Detailed brochure available at http://www.ralphandersen.com/jobs/sfo_enterprise_architect.html
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> Senior Director, Business Development - Optoro - DC

We are looking to add a Senior Director of Business Development to our growing team to help capitalize on the rapidly rising demand of our enterprise software solution. The Senior Director will be responsible for prospect evaluation, coverage and development across a portfolio of enterprise accounts. We are looking for someone with a forward-thinking and strategic approach to solving business issues and a strong background in selling solution based software in retail, ecommerce or supply chain industries. For more information or to apply, go to:
http://optoro.com/careers/join#62042
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