Tuesday, June 23, 2015

Bay Area Tech Wire -- June 23

BAY AREA TECH WIRE -- June 23, 2015
To subscribe: www.bayareatechwire.com

San Mateo-Based Jelli Raises $21 Million in Second Round of Funding
Milpitas-Based Relay2 Raises $10 Million, Names Greg Daily as CEO
San Francisco-Based AtScale Raises $7 Million in First Round
o Uphill Investment Again Increases Bid for Milpitas-Based ISSI
o CNN: Federal Data Breach Four Times Larger Than First Thought
Briefly Noted:
Cleave Biosciences, Tobira Therapeutics, Instart Logic

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

--Director of Information Technology - City of Berkeley, CA

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

o San Mateo-Based Jelli Raises $21 Million in Second Round of Funding

San Mateo, Calif. -- Jelli, the San Mateo-based developer of a technology platform for the audio advertising market, said on Tuesday it has landed $21 million in its second round of funding. Relay Ventures, Intel Capital, First Round Capital, iHeartMedia and Universal Music Group took part in the round, which increased the company's total backing to $37.6 million. The news comes two months after Jelli was selected as the technology partner to power programmatic and automated ad buying platforms for iHeartMedia and its 858 radio stations, and for Expressway from Katz, an industry-wide programmatic buying ad exchange for broadcast radio. The company's cloud-based audio platform is used by advertisers and publishers to serve billions of audio ads. "Programmatic advertising is surging across the entire advertising landscape, and by powering iHeartMedia and Katz Media Group's networks, we are enabling broadcast radio to participate and make buying an audio ad as easy as buying a digital ad," said CEO Mike Dougherty.

o Milpitas-Based Relay2 Raises $10 Million, Names Greg Daily as CEO

Milpitas, Calif. -- Relay2, the Milpitas-based developer of a Wi-Fi services platform designed to let users monetize business apps and services, said on Tuesday it has raised $10 million in its fourth round of funding and named a new CEO. Identities of the investors were not disclosed, and the company said it plans to keep the round open "as the possibility exists that additional funding will be received." It plans to use the latest proceeds to expand its sales and marketing activities and accelerate the expansion of its core platform. Relay2 also has hired Greg Daily as its CEO. Daily most recently served as the executive vice president of worldwide sales at Stoke, and previously was the president of Alvarion and president and CEO of Pedestal Networks.

o San Francisco-Based AtScale Raises $7 Million in First Round

San Francisco -- AtScale, a San Francisco-based developer of software designed to let users conduct business intelligence on Hadoop, said on Tuesday it has raised $7 million in its first round of funding, led by UMC Capital. AME Ventures, Storm Ventures and XSeed Capital also participated. AtScale allows business users to get interactive and multi-dimensional analysis capabilities directly on Hadoop, using the tools such as Microsoft Excel, Tableau Software and QlikView. "It's time to put the power of Hadoop in the hands of business users and remove the friction and limitations associated with existing approaches," said founder and CEO Dave Mariani, a former vice president at both Klout and Yahoo.

o Uphill Investment Again Increases Bid for Milpitas-Based ISSI

Milpitas, Calif. -- Uphill Investment on Tuesday once again increased its bid for Milpitas-based Integrated Silicon Solution Inc. (ISSI), upping its offer for the company to $23 a share. That's $0.75 a share more than a competing bid from San Jose-based Cypress Semiconductor on Monday, and $1 a share more than the firm's most recent offer on Friday. Uphill initially proposed acquiring ISSI in March for $19.25 a share. The latest move comes a day after Cypress offered to pay $22.25 a share, or $712 million, as well as a $0.10-a-share ticking fee for each additional quarter required to obtain regulatory approval. "After considering that the revised offer from Cypress (including the expected value of the ticking fee) had a lower price than the $23.00 per share provided by the amended Uphill agreement, the ISSI board has determined that the revised proposal from Cypress does not constitute, and would not be reasonably expected to lead to a superior proposal," ISSI said in a statement.

o CNN: Federal Data Breach Four Times Larger Than First Thought

Washington, DC -- The massive federal data breach affecting current and former government employees may be four times larger than originally thought. CNN reported that the personal data of an estimated 18 million people was stolen in the attack, according to U.S. officials briefed on the matter. The breach also now could include people who applied for federal jobs, but never wound up working for the government. Investigators continue to believe that the Chinese government was behind the attack. According to CNN, the same hackers who last year hacked federal contractor KeyPoint Government Solutions are thought to be behind the latest attack against the Office of Personnel Management (OPM), using KeyPoint's credentials to gain access.

o Briefly Noted:

(Burlingame, Calif.) Burlingame-based Cleave Biosciences, a biopharmaceutical firm developing drugs to treat people with solid tumors and hematologic malignancies, on Tuesday named Kanya Rajangam as its vice president of clinical development. Rajangam most recently served as executive director of the oncology and immune-oncology program at Nektar Therapeutics. The company also said that Alessandra Cesano will step down as its chief medical officer to pursue other opportunities.
http://www.cleavebio.com/pdf/06.22.15-Cleave-Biosciences-Announces-Management-Changes.pdf (PDF)

(South San Francisco) South San Francisco-based Tobira Therapeutics, a biopharmaceutical firm focused on the development of treatments for liver and inflammatory diseases, on Tuesday named Ian Clements as its vice president of investor relations and corporate communications. Clements most recently led investor relations and corporate communications at Avanir Pharmaceuticals.

(Palo Alto, Calif.) A month after announcing a $43 million round of funding, Palo Alto-based Instart Logic, a developer of technology that accelerates the delivery of cloud applications, said on Tuesday it has opened new European offices in Cologne, Germany and London. The company also has named Kevin Platz as its director of EMEA sales. Platz previously served as vice president of sales for the EMEA region at Fusion-io.

Job/Event/Marketplace Listings:
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
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 apply@ralphandersen.com prior to Friday, July 3, 2015.

> 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. http://www.bayareatechwire.com/

Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com

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

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