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BAY AREA TECH WIRE -- June 17, 2015
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o S.F.-Based Doctor On Demand Lands $50 Million in Second Round
o South San Francisco-Based CytomX Raises $70 Million in Fourth Round
o San Jose-Based Fetch Robotics Secures $20M in First Round
o Santa Rosa-Based Keysight Technologies to Acquire Anite
o Palo Alto-Based Minio Launches with $3.3 Million in Seed Funding
o San Francisco-Based Gravity4 Acquires Bolzter
o FCC to Fine AT&T $100M for Misleading Customers About Data Speeds
o Briefly Noted: Counsyl, Attivo Networks, SRI International
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o S.F.-Based Doctor On Demand Lands $50 Million in Second Round
San Francisco -- Doctor On Demand, the San Francisco-based developer of a service that provides web-based video visits with board-certified physicians, said on Wednesday it has raised $50 million in its second round of funding. Tenaya Capital led the round, which also included participation from new investors Qualcomm Ventures, Dignity Health and Anne Wojcicki, as well as previous backers Venrock, Shasta Ventures and Richard Branson also participated. The company, which now has raised more than $74 million since its inception in 2012, plans to use the latest funds to continue expanding its video telemedicine service. Patients provide a list of their symptoms and can instantly connect to a board-certified doctor in their state. Physicians can then diagnose, treat and write prescriptions for patients when clinically appropriate. Most video visits cost $40, with no subscription fee.
http://www.doctorondemand.com
http://www.businesswire.com/news/home/20150617005247/en/Doctor-Demand-Announces-50-Million-Series-Financing#.VYGcU_lViko
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o South San Francisco-Based CytomX Raises $70 Million in Fourth Round
South San Francisco -- CytomX, a South San Francisco-based biotechnology company developing therapeutics for the treatment of cancer, said it has raised $70 million in its fourth round of funding, led by Fidelity Management & Research Company. Casdin Capital, Cormorant Asset Management, Deerfield Management, Perceptive Advisors, Redmile Group, Tekla Healthcare Investors and Tekla Life Sciences Investors, Venrock Healthcare Capital Partners and Wellington Management Company also participated. The company, which has been collaborating with pharmaceutical companies including Pfizer, ImmunoGen and Bristol-Myers Squibb, plans to use the proceeds to advance its Probody therapeutics toward clinical studies
http://www.cytomx.com
http://cytomx.com/cyt01/cytomx-raises-70-million-in-series-d-financing/
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o San Jose-Based Fetch Robotics Secures $20M in First Round
San Jose, Calif. -- Fetch Robotics, a San Jose-based builder of robot systems for the logistics industry, said on Wednesday it has secured $20 million in its first round of funding, led by SB Group US. Seed investors O'Reilly AlphaTech Ventures and Shasta Ventures also took part in the round, which increased the company's total funding to $23 million. Fetch plans to use the latest capital to expand its sales and marketing operations, as well as meet accelerating demand from warehouses and fulfillment centers. Unveiled in April, the Fetch Robotics system is comprised of a mobile base (called Freight) and a mobile manipulator (called Fetch). Fetch and Freight use a charging dock for autonomous continuous operations, allowing the robots to charge when needed and then continue on with their tasks. Accompanying software integrates with the warehouse environment. The robots are designed to work independently alongside human workers, performing repetitive tasks such as warehouse delivery and pick and pack. Kabir Misra of Softbank will join the company's board of directors.
http://www.fetchrobotics.com
http://www.businesswire.com/news/home/20150617005326/en/SoftBank-Leads-20-Million-Investment-Fetch-Robotics#.VYGfBPlViko
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o Santa Rosa-Based Keysight Technologies to Acquire Anite
Santa Rosa, Calif. -- Keysight Technologies, the Santa Rosa-based spinoff electronic measurement company of Agilent Technologies, said on Thursday it will acquire U.K.-based Anite, a supplier of test and measurement tools to the international wireless market. The all-cash deal, expected to close in October, values Anite at $606 million. Ron Nersesian, Keysight's president and CEO, said the acquisition aligns with his company's strategy to "grow in wireless and increase our software offerings." Anite has more than 500 employees in 14 countries.
http://www.keysight.com
http://about.keysight.com/docs/investor_info.shtml
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o Palo Alto-Based Minio Launches with $3.3 Million in Seed Funding
Palo Alto, Calif. -- Minio, a Palo Alto-based developer of open source distributed object storage software, said on Wednesday it has launched operations after raising $3.3 million in a round of seed funding, co-led by General Catalyst and Nexus Ventures. Jerry Yang's AME Cloud Ventures, Index Ventures, Mark Leslie, Brian Stevens, Ben Golub, Lanham Napier and Andrew Feldman also participated in the round, which the company will use to develop new products. Minio's software is designed to let app developers build their own cloud storage and scale to millions of users. "The name Minio stands for minimal object storage and derives from our belief in the philosophy of minimalism," said co-founder and CEO Anand Babu Periasamy. "To store 80% of the world's data, users need only 20% of the storage functionality." Periasamy previously co-founded Gluster.
http://www.minio.io
http://www.businesswire.com/news/home/20150617005164/en/Minio-Open-Source-Object-Storage-Startup-Raises#.VYGoVvlViko
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o San Francisco-Based Gravity4 Acquires Bolzter
San Francisco -- Marking its 10th acquisition in just 11 months, San Francisco-based Gravity4, developer of a technology platform for marketers, said on Wednesday it has acquired Miami-based Bolzter, developer of an automated lead generation platform. Financial terms of the deal were not disclosed. The company plans to rebrand Bolzter as CrossGraph, within its Marketing Cloud. "Adding Bolzter's offering… will allow us to automate lead generation by using the power of big data, their proprietary influencer graph, which builds new cluster of audiences in real-time, and allow us to enter various new verticals," said Gurbaksh Chahal, the founder and CEO of Gravity4. Launched in 2013, Bolzter has developed various apps designed to discover new audiences by mining their existing social graph in real-time. The technology allows companies to generate leads from their existing cluster of customers.
http://gravity4.com/
http://bolzter.com/
http://www.prnewswire.com/news-releases/gravity4-announces-its-tenth-acquisition-of-bolzter-the-industrys-first-automated-lead-generation-platform-completing-its-marketing-cloud-and-expanding-its-presence-in-latin-america-300100536.html
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o FCC to Fine AT&T $100M for Misleading Customers About Data Speeds
Washington, DC -- The Federal Communications Commission (FCC) said on Wednesday it will fine wireless giant AT&T Mobility $100 million for allegedly misleading customers about unlimited mobile data plans. Specifically, the agency said the company "severely slowed down" data speeds for customers with unlimited data, but failed to adequately notify them that they could receive speeds slower than advertised. "Unlimited means unlimited," said Travis LeBlanc, chief of the FCC's Enforcement Bureau. "As today's action demonstrates, the Commission is committed to holding accountable those broadband providers who fail to be fully transparent about data limits." The FCC said it had received thousands of complaints from AT&T's unlimited data plan customer dating to 2011, when the company implemented a new policy capping maximum data speeds for unlimited customers after they used a set amount of data within a billing cycle.
https://www.fcc.gov/document/att-mobility-faces-100m-fine-misleading-consumers
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o Briefly Noted:
(San Francisco) San Francisco-based Counsyl, a health technology company that offers DNA screening for diseases, on Wednesday named Dan Puckett as its CFO. Puckett, who will guide the company's financial management and strategy, most recently served as the CFO of Ariosa Diagnostics, which was acquired by Roche earlier this year.
https://www.counsyl.com/
http://www.businesswire.com/news/home/20150617005243/en/Counsyl-Appoints-Dan-Puckett-Chief-Financial-Officer#.VYF1hvlVikq
(Fremont, Calif.) Fremont-based Attivo Networks, a developer of threat detection technology for corporate and data center networks, on Wednesday named Sarah Ashburn as its senior vice president of sales. Ashburn previously served in sales leadership roles at VMware, Symantec and Veritas Technologies.
https://attivonetworks.com/attivo-networks-hires-sarah-ashburn-as-senior-vice-president-of-sales/
(Menlo Park, Calif.) Menlo Park-based SRI International, a nonprofit technology research and innovation group, has named John McIntire as its general counsel. McIntire has served as acting general counsel since April, and was previously SRI's assistant general counsel.
http://www.sri.com/
http://www.prnewswire.com/news-releases/sri-international-names-john-mcintire-general-counsel-300100385.html
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> 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 apply@ralphandersen.com prior to Friday, July 3, 2015.
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