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BAY AREA TECH WIRE -- July 16, 2015
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Mid-Atlantic Marketing Summit Baltimore - Sept. 30
http://www.mamsummit.com
o Palo Alto-Based Upstart Lands $35 Million in Third Round of Funding
o Santa Clara-Based Cinarra Systems Raises $20 Million in Second Round
o Milpitas-Based JDSU to Split into Two Companies on Aug. 1
o Milpitas-Based Protagonist Therapeutics Raises $40 Million
o Groupon Acquires OrderUp to Expand Food Ordering and Delivery
o Briefly Noted: Full Circle CRM - Full Circle Insights
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Production Control – Electronics Manufacturing Services (Boston)
--Mid-Atlantic Marketing Summit Baltimore - Sept. 19, 2014 - Baltimore
Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com
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o Palo Alto-Based Upstart Lands $35 Million in Third Round of Funding
Palo Alto, Calif. -- Just over a year after originating its first loan, Palo Alto-based Upstart, developer of a peer-to-peer lending platform, said on Thursday it has raised $35 million in its third round of funding, led by Third Point Ventures. Previous backers Khosla Ventures, First Round Capital and Collaborative Fund also participated. Founded by a team of ex-Googlers, Upstart uses future-looking analytics -- instead of only credit bureau data -- to predict the likelihood of less experienced barrowers to repay loans. The company utilizes data such as where barrowers went to school, their area of study and their academic performance to identify those with the lowest risk. "The first generation of marketplace lenders created economic efficiencies by connecting borrowers and lenders on Web-based platforms. However, they continued to rely on traditional data sources and methodologies for underwriting loans," the company wrote in a blog post. "The second generation of lending platforms will combine modern data science, inexpensive cloud computing, and behavioral economics to make a giant leap forward in credit modeling." The company now has originated nearly 9,000 loans worth $128 million.
https://www.upstart.com
http://blog.upstart.com/upstart-raises-35m-series-c/#.VagKmKRViko
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o Santa Clara-Based Cinarra Systems Raises $20 Million in Second Round
Santa Clara, Calif. -- Cinarra Systems, a Santa Clara-based developer of mobile ad technology, said on Thursday it has raised $20 million in its second round of funding, led by SoftBank. Other participants included Almaz Capital, which led the company's $4.5 million first round in 2013, Cisco Investments and Siguler Guff & Company. Cinarra's mediation platform allows mobile operators to become active participants in the mobile advertising market, using their vast amounts of data to improve ad relevancy and more effectively target audiences. Cinarra said it will use the funding to grow its product engineering team and expand its business with operators globally. The Softbank investment is part of a larger partnership between the companies, which will engage in joint business operations in Japan. "With SoftBank's investment and partnership, we are in an excellent position to be the first to establish a global platform that is open for mobile operators and advertising platforms in Japan and around the world," said co-founder and CEO Alex Zinin. "With this foundation, the opportunities created by the platform will expand beyond the telecom and advertising industries."
http://www.cinarra.com
https://www.cinarra.com/en/cinarra-softbank/
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o Milpitas-Based JDSU to Split into Two Companies on Aug. 1
Milpitas, Calif. -- JDSU, the Milpitas-based developer of optical networking technology, said it will complete the spinout of its Communications and Commercial Optical Products business on Aug. 1. The new company, to be known as Lumentum Holdings, will manufacturer optical and photonic products for optical networks, commercial lasers and 3-D sensing applications. JDSU's remaining assets will become Viavi Solutions, focusing on software and hardware platforms and instruments for network services and applications. Each will begin trading on the NASDAQ Aug. 4, under the symbols "LITE" and "VIAV," respectively. "By operating as two independent companies, we believe Lumentum and Viavi Solutions will each be able to leverage a strong history while being more flexible and better positioned to capitalize on new opportunities in their respective markets," said Tom Waechter, the current president and CEO of JDSU, and CEO-designate for Viavi.
http://www.jdsu.com
http://www.jdsu.com/News-and-Events/news-releases/Pages/JDSU-Sets-Record-and-Distribution-Date-for-Separation-of-JDSU-into-Lumentum-Holdings-and-Viavi-Solutions.aspx#.VaehdKRViko
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o Milpitas-Based Protagonist Therapeutics Raises $40 Million
Milpitas, Calif. -- Protagonist Therapeutics, a Milpitas-based developer of peptide therapeutics to treat gastrointestinal diseases and disorders, said on Thursday it has raised $40 million in its third round of funding. Canaan Partners led the round, which also included other new investors Adage Capital Management, RA Capital Management and Foresite Capital, along with previous backers Johnson & Johnson Innovation - JJDC, Lilly Ventures, Pharmstandard International and Starfish Ventures. The company will use the proceeds to advance its top drug candidate -- an oral therapy for inflammatory bowel diseases -- into human clinical testing, as well as further develop other drugs. Julie Papanek of Canaan Partners has joined the company's board of directors.
http://www.protagonist-inc.com
http://www.prnewswire.com/news-releases/protagonist-therapeutics-raises-40-million-series-c-financing-to-advance-oral-peptide-drugs-into-clinical-development-300114149.html
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o Groupon Acquires OrderUp to Expand Food Ordering and Delivery
Chicago -- Significantly boosting its presence in the food ordering and delivery sector, Chicago-based daily deals giant Groupon said on Thursday it has acquired OrderUp, the Baltimore-based developer of an online and mobile food delivery service operating in nearly 40 U.S. markets. Financial terms of the deal were not disclosed. "Online food ordering and delivery represents an untapped opportunity for Groupon and serves as a natural extension of our local marketplace," said Groupon CEO Eric Lefkofsky. "The potential in delivery and takeout is apparent -- especially with the growth of mobile." Founded in 2009, OrderUp primarily focuses on markets with large student populations. The company will continue to operate as a standalone brand based in Baltimore, cross-promoting through Groupon's marketplace and merchant pages. The deal comes less than a year after OrderUp raised $7 million in its first round of funding, led by Steve Case's Revolution Ventures. Tim O'Shaughnessy, the co-founder of LivingSocial, also participated in that round.
http://www.groupon.com
http://www.orderup.com
http://investor.groupon.com/releasedetail.cfm?releaseid=922503
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> Mid-Atlantic Marketing Summit Baltimore - Sept. 30, 2015 - Baltimore
Leading marketers, technologists and agency professionals from throughout the region come together at this annual event to discuss major marketing, social, digital and advertising trends, along with dozens of case studies, presentations and keynotes. Now in its third year and co-produced by Potomac Tech Wire, this summit is becoming a "must attend" event for the region's marketing community
For more information: www.mamsummit.com
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o Briefly Noted:
(San Mateo, Calif.) San Mateo-based Full Circle CRM, a developer of marketing performance management tools, said on Thursday it has changed its name to Full Circle Insights. The company said the new name is more reflective of its offerings.
http://fullcircleinsights.com/
http://fullcircleinsights.com/full-circle-crm-changes-name-to-full-circle-insights/
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Job/Event/Marketplace Listings:
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> Production Control -- Electronics Manufacturing Services (Boston)
Adcotron, an Electronics Manufacturing Services company, is seeking a Production Control. Primary functions include capacity planning, production scheduling, evaluating and monitoring materials status and inflow in supporting production requirements. Monitoring daily production activities and achieving revenue goals set by management team. Ideal candidate must be organized and analytical with excellent interpersonal skills. Require 3-5 years experience in capacity/production planning. Electronics manufacturing services experience is a plus. Must have obtained bachelor’s degree. Benefit package includes health, dental, and reimbursed parking. To apply, please email resume&salary requirement w/ subject “NewEnglandTechwire-Production Control" Please resumes to hr@adcotron.com.
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> Mid-Atlantic Marketing Summit Baltimore - Sept. 30, 2015 - Baltimore
Leading marketers, technologists and agency professionals from throughout the region come together at this annual event to discuss major marketing, social, digital and advertising trends, along with dozens of case studies, presentations and keynotes. Now in its third year and co-produced by Potomac Tech Wire, this summit is becoming a "must attend" event for the region's marketing community For more information: www.mamsummit.com
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