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BAY AREA TECH WIRE -- March 10, 2016
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Mid-Atlantic Marketing Summit - April 22 - Washington, D.C.
http://www.mamsummit.com
o San Francisco-Based Avametric Raises $10.5 Million in New Funding
o San Francisco-Based Penrose Studios Lands $8.5 Million in Seed Funding
o New San Francisco Ed-Tech Accelerator Opens Applications
o S.F.-Based Genability Lands $3 Million Investment from WindSail Capital
o Briefly Noted: Yahoo, Luminus Networks, Interfocus Technologies
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Mid-Atlantic Marketing Summit - April 22
Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section
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o San Francisco-Based Avametric Raises $10.5 Million in New Funding
San Francisco -- Avametric, a San Francisco-based developer of fashion software designed to recreate the fitting room experience virtually, said on Thursday it has raised $10.5 million to help fund the development of its platform. The funds include a recent first round, led by Khosla Ventures, and a previous seed round, also led by Khosla with participation from Y-Combinator. Keith Rabois, a partner at Khosla, and Ivy Ross, vice president and head of Google's Project Aura, have joined the company's board of directors. Avametric's platform provides users with accurate 3D images showing how any item of clothing will fit on their own body. The technology has been in development for four years after founder and CTO David Jackson recognized how the same algorithms that allow a robotic car to understand its 3D environment can be used to understand the shape of a human being. "Until now, brands have been lacking the tools to rival the physical retail experience," said CEO Ari Bloom. "With Avametric, brands can recreate the real world fitting room experience online, and offer new services to customers such as fully customized virtual look books."
http://www.avametric.com
http://www.businesswire.com/news/home/20160310005427/en/Avametric-Fashion-Software-Startup-Announces-10.5-Million
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o San Francisco-Based Penrose Studios Lands $8.5 Million in Seed Funding
San Francisco -- Penrose Studios, a San Francisco-based technology startup focused on virtual reality storytelling, said on Thursday it has landed $8.5 million in a new round of seed funding, led by Accelerate-IT Ventures. TransLink Capital, Suffolk Equity, 8 Angel and several individual investors also contributed to this round, which the company will use to further develop its content and technology, as well as expand its team of engineers and artists. "This is a pivotal moment for us," said founder and CEO Eugene Chung. "We've come a long way from the early stages of this new medium. Today's announcement marks a milestone for the industry as well as our studio." Penrose is focused on creating fully immersive computer-generated worlds that viewers experience through stories. The studio's first feature VR movie, The Rose and I, debuted at the Tribeca Film Festival in 2015 and was featured in the New Frontier exhibit at the Sundance Film Festival in 2016. The company was founded last year by Chung, previously the head of film and media at Oculus VR, which was acquired by Facebook for $2.3 billion.
http://www.penrosestudios.com
http://www.prnewswire.com/news-releases/penrose-studios-raises-historic-85-million-seed-round-300233979.html
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o New San Francisco Ed-Tech Accelerator Opens Applications
San Francisco -- The Michelson Runway Accelerator, a new ed-tech accelerator in San Francisco, said on Thursday it has opened applications for its inaugural cohort. The accelerator, launched by the Michelson 20MM Foundation and Runway Incubator, plans to initially accept five startups into the four-month program, set to begin this June in the Twitter buildings in downtown San Francisco. The organizations are seeking pre-seed and seed stage startups focused on higher education, adult education and career training. Those accepted will receive a minimum $25,000 seed equity investment and more than $400,000 of in-kind discounts and services from partners such as AWS, Google Cloud, Sendgrid, inDinero, Apple and Skyrocket Digital. They will have the option to occupy up to three stations within Runway or work virtually. Applications will be reviewed on a rolling basis through April 25. "We believe for-profit companies can be the key to changing the landscape of higher education, and we will be providing patient and intelligent capital to companies with the potential to move the needle on access, affordability, equity and efficacy," said Gary Michelson, the founder of Michelson 20MM.
http://www.michelsonrunway.com/
http://www.businesswire.com/news/home/20160309006490/en/Michelson-Runway-Accelerator-Launches-Higher-Education-Technology
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o S.F.-Based Genability Lands $3 Million Investment from WindSail Capital
San Francisco -- Genability, a San Francisco-based provider of energy cost and savings data to clean energy companies, said it has landed a $3 million investment from Boston-based investment firm WindSail Capital Group. The company said the funding will allow it to continue its growth in rooftop and community solar, as well as electric vehicles, behind the meter storage, and connected homes and buildings. Genability also plans to roll out new products. "This investment will help us to independently deliver more value to our customers, including exciting new offerings for homes, businesses and utilities," said founder and CEO Jason Riley. Genability's products integrate the company's rate engine with a database of electricity rates and incentives to provide clients with energy cost insights.
http://www.genability.com
http://blog.genability.com/2016/03/windsail/
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> Mid-Atlantic Marketing Summit - April 22
Now in its fifth year, the annual summit has become the "must-attend" annual marketing event for the DC region and beyond. The summit brings together 400+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from the DC area. The event features dozens of case studies, keynotes, presentations and networking breaks on the most important issues facing marketers in 2016-2017. For more information, go to: www.mamsummit.com
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o Briefly Noted:
(Sunnyvale, Calif.) Sunnyvale-based Yahoo said on Thursday that its board of directors has increased its size from seven to nine. New directors include Catherine Friedman, the former managing director of Morgan Stanley, and Eric Brandt, the former CFO of Broadcom. With the additions, the board returns to the size it was on Dec. 4, prior to the resignations of Max Levchin and Charles Schwab.
http://info.yahoo.com/press-center/article/yahoo-appoints-two-board-members-133000106.html
(San Francisco) San Francisco-based Luminus Networks, developer of a unified network operations platform, on Thursday named Darius Goodall as its vice president of product marketing and business development. Goodall most recently served as the head of networking alliances and DevOps at Dell, and previously held senior positions at Extreme Networks, Polycom and Ericsson.
http://www.luminusnetworks.com/
http://www.businesswire.com/news/home/20160310005450/en/Luminus-Networks-Appoints-Vice-President-Product-Marketing
(Campbell, Calif.) Interfocus Technologies, a unit of Motex that develops productivity management tools, said on Thursday it has opened an office in Campbell and launched its flagship software in the U.S. The company's core technology has been available since 1990, and is currently deployed with more than 10,000 clients globally.
http://interfocustechnologies.com
http://www.prnewswire.com/news-releases/interfocus-technologies-announces-expansion-and-office-opening-300233803.html
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> Mid-Atlantic Marketing Summit - April 22
Now in its fifth year, the annual summit has become the "must-attend" annual marketing event for the DC region and beyond. The summit brings together 400+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from the DC area. The event features dozens of case studies, keynotes, presentations and networking breaks on the most important issues facing marketers in 2016-2017. For more information, go to: www.mamsummit.com
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