Monday, June 1, 2015

Bay Area Tech Wire -- June 1

BAY AREA TECH WIRE -- June 1, 2015
Sponsored By: Fairfax County Economic Development Authority

San Mateo-Based Coupa Software Raises $80 Million in Funding
Santa Clara-Based Cyphort Lands $30 Million in Third Round
Santa Clara-Based Hedvig Raises $18 Million in Second Round
Santa Clara-Based Intel to Acquire San Jose's Altera for $16.7 Billion
eBay Names Daniel Tarman as Chief Communications Officer
Bill Walsh Steps Down as President and CEO of Oakland-Based Navis
o Briefly Noted: Carbon3D
, PricewaterhouseCoopers

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

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

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad:

o San Mateo-Based Coupa Software Raises $80 Million in Funding

San Mateo, Calif. -- Coupa Software, a San Mateo-based developer of cloud-based spend management tools, said on Monday it has raised $80 million in a new round of funding, co-led by T. Rowe Price Associates and Iconiq Capital. Premji Invest and previous backers Crosslink Capital, Battery Ventures, El Dorado Ventures and Rally Ventures also participated. Coupa, which now has raised $165 million since its inception, said it will use the latest proceeds to continue expanding its global operations; grow its sales, support and marketing activities; and bolster product development. Coupa boasts more than 500 customers, including Sanofi,, BNP Paribas North America, NEC, Royal Bank of Canada, Swiss Re and Highmark Health. 

o Santa Clara-Based Cyphort Lands $30 Million in Third Round

Santa Clara, Calif. -- Cyphort, the Santa Clara-based developer of a security platform designed to detect and analyze malware, said on Monday it has landed $30 million in its third round of funding, led by Sapphire Ventures. Previous backers Trinity Ventures, Foundation Capital and Matrix Partners also took part in the round, which the company will use to expand into new markets. Cyphort now has raised more than $53 million since its inception. "This new round of funding… solidifies Cyphort's longevity and continued customer confidence," said CEO Manoj Leelanivas. The company's technology is designed to defend against advanced persistent threats, targeted attacks and zero day vulnerabilities. 

o Santa Clara-Based Hedvig Raises $18 Million in Second Round

Santa Clara, Calif. -- Hedvig, a Santa Clara-based developer of software-defined storage technology, said on Monday it has raised $18 million in its second round of funding, led by Vertex Ventures. Previous backers True Partners and Atlantic Bridge also participated in the round, which increases the company's total funding to $30.5 million. In Sik Rheem, a general partner at Vertex Ventures, will join the company's board of directors. Hedvig's technology is designed to collapse disparate storage systems into a single platform, creating a virtualized pool. Customers include Intuit, Dovilo, Van Dijk and Paul Hastings. "We've identified the potential in a broken and fragmented storage market, and are not only looking to bring software-defined storage mainstream, but fundamentally change how companies store and manage data," said founder and CEO Avinash Lakshman. The company will use the latest round of funding to fuel global expansion and service its growing customer base.

o Santa Clara-Based Intel to Acquire San Jose's Altera for $16.7 Billion

Santa Clara, Calif. -- Intel, the Santa Clara-based chip-making giant, said on Monday it will acquire San Jose-based partner Altera, a developer of programmable chips, in an all-cash deal valued at $16.7 billion. Intel will pay $54 a share under the deal, which is expected to close in 6-9 months. The acquisition will give Intel field-programmable gate array (FPGA) technology that the company said will lead to new products in the data center and Internet of Things (IoT) markets. "We believe that as part of Intel we will be able to develop innovative FPGAs and system-on-chips for our customers in all market segments," said John Daane, the chairman, president and CEO of Altera. Altera will operate of Intel, which will continue support and development of the company's ARM-based and power management product lines. 

o eBay Names Daniel Tarman as Chief Communications Officer

San Jose, Calif. -- Preparing to spin off its online payments arm, San Jose-based eBay on Monday hired Daniel Tarman as its chief communications officer. He officially will join the company following its separation from PayPal, expected to be completed in the third quarter. Tarman for the past eight years has served as executive vice president and global head of corporate communications at PIMCO, where he led brand and reputation management efforts. He will succeed Alan Marks, who has been with eBay since 2008 and will leave the company once the separation is complete. 

o Bill Walsh Steps Down as President and CEO of Oakland-Based Navis

Oakland -- Navis, an Oakland-based developer of terminal operating systems that manage the movement of cargo through terminals, said on Monday Bill Walsh has stepped down as its president and CEO to "pursue other interests." Rob Dillon, the company's CFO, will take over as interim CEO until a permanent replacement is hired. "During his six years with the company, Bill successfully developed Navis as the leading terminal operating system provider," said Chairman Olli Isotalo. "I have every confidence in our team as we enter a new chapter."

o Briefly Noted:

(Redwood City, Calif.) Redwood City-based 3D printing company Carbon3D said on Monday that Alan Mulally has joined its board of directors. Mulally is the former CEO of Ford Motor Co. and past president and CEO of Boeing Commercial Airplanes. He becomes the company's first independent director. 

(San Jose, Calif.) Auditing and advisory giant PricewaterhouseCoopers (PwC) on Monday announced 18 partner promotions in the Bay Area, including 13 in San Jose and five in San Francisco. A full list of the promotions is available at the link below. 

Job/Event/Marketplace Listings:
To Post in Job/Event/Marketplace:
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300

> Director of Information Technology - City of Berkeley, CA

The Director of Information Technology leads a large municipal department in providing a diverse array of digital services to its employees, citizens, and beyond. Reporting to the City Manager, the Director of IT will be seen as the technology leader working across the organization to ensure a forward-thinking and strategic approach to technology in support of all municipal business units. Bachelor’s degree is required. This position requires six years responsible experience in information technology, four years of which must have been at a supervisory or management level. Salary range $137,772 to $189,396 DOQ, plus benefit package including CalPERS. Detailed brochure by clicking here. Confidential inquiries to Greg Nelson at (916) 630-4900. Submit cover letter and resume to prior to Friday, July 3, 2015.

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

Over time, bad habits can tarnish an otherwise great reputation and overshadow your accomplishments in the eyes of your colleagues and supervisors. Remember, in the big leagues, your reputation is every bit as important as your skills and experience. Here are 10 mistakes to avoid to make sure you're protecting your reputation.

> 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
To apply, send a compelling cover letter and a comprehensive resume to by June 15, 2015. Confidential inquiries welcomed to Heather Renschler or Greg Nelsen at (916) 630-4900.

> 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:

> Don't Miss - Bay Area Tech Wire Advertising

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area.

Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire:
Bay Area Tech Wire:
New England Tech Wire:

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to

News tips, press releases. Send email to:

Tech Wire Mailing Address:
325 Pennsylvania Ave. SE
Suite 250
Washington, DC 20003

Copyright: CapWire Inc. 2015

To unsubscribe/change profile: click here

To subscribe: click here

No comments:

Post a Comment