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BAY AREA TECH WIRE -- March 22, 2016
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Mid-Atlantic Marketing Summit - April 22 - Washington, D.C.
http://www.mamsummit.com
o San Francisco-Based Sight Machine Lands $13.5 Million in Second Round
o CI Capital Acquires Majority Stake in S.F.-Based Hero Digital
o Former Intel Chairman and CEO Andrew Grove Dies at 79
o Gov't Postpones Apple Hearing. May Have Outside Way to Unlock iPhone
o San Jose-Based GigOptix to Receive $5M Investment from Chinese Firm
o Briefly Noted: DataRPM, LiveAction, Yahoo Sports Daily Fantasy
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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
Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com
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o San Francisco-Based Sight Machine Lands $13.5 Million in Second Round
San Francisco -- Sight Machine, the San Francisco-based developer of a big data platform built specifically for manufacturing. said on Tuesday it has raised $13.5 million in its second round of funding, led by Chicago-based Jump Capital. GE Ventures, Two Roads Group and Pritzker Group Venture Capital also took part in the round, along with several previous backers. The company said it will use the proceeds to expand its sales and marketing efforts and continue technology development. Sight Machine said it is working with some of the world's largest manufacturers in automotive, life sciences and consumer goods to turn data from the factory floor into actionable insight. "Manufacturing is an $11 trillion dollar sector that is quickly going digital," said CEO Jon Sobel. "This financing helps cement Sight Machine's role as an essential company in this emerging ecosystem."
http://www.sightmachine.com
http://www.sightmachine.com/about/analytics-news-and-press/jump-capital-ge-ventures-and-two-roads-join-13-5-million-series-b-investment-in-sight-machine/
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o CI Capital Acquires Majority Stake in S.F.-Based Hero Digital
San Francisco -- CI Capital Partners, a New York-based private equity firm, said it has acquired a majority stake in San Francisco-based Hero Digital, a provider of digital consulting services. Financial terms of the deal, which leaves Hero's management with a significant equity interest in the company, were not disclosed. "We have developed a unique approach to enhancing the digital customer experience for brands," said David Kilimnik. "By partnering with CI, we will keep our formula and also accelerate our growth via their tremendous expertise, guidance and capital." CI previously had invested in a number of outsourced business and technology services firms, including Glass's Information Services, A-T Solutions, Anteon International and Transplace.
http://www.herodigital.com
http://www.cicapllc.com
http://www.prnewswire.com/news-releases/ci-capital-partners-invests-in-hero-digital-300239100.html
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o Former Intel Chairman and CEO Andrew Grove Dies at 79
Santa Clara, Calif. -- Andrew Grove, the former chairman and CEO of Santa Clara-based chipmaker Intel, died Monday at the age of 79, the company announced. Present at the company's 1968 founding with Robert Noyce and Gordon Moore, Grove became Intel's president in 1979 and CEO in 1987, also later serving as chairman of the board from 1997-2005. He played a critical role in the decision to move Intel's focus from memory chips to microprocessors, and led the firm's transformation into a widely recognized consumer brand. For years he was one of the most influential figures in technology and business, writing best-selling books and widely cited articles, and speaking out on an array of prominent public issues. "Andy made the impossible happen, time and again, and inspired generations of technologists, entrepreneurs and business leaders," said CEO Brian Krzanich.
https://newsroom.intel.com/news-releases/andrew-s-grove-1936-2016/
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o Gov't Postpones Apple Hearing. May Have Outside Way to Unlock iPhone
Cupertino, Calif. -- The Justice Department said on Monday it may not need Apple's help after all to unlock an iPhone belonging to one of the San Bernardino terrorists. A hearing on the matter scheduled for Tuesday in Riverside, Calif. has been postponed. In a legal filing, the Justice Department said that an outside party has demonstrated a possible way to crack the iPhone of Syed Rizwan Farook. "Testing is required to determine whether it is a viable method that will not compromise data on Farook's iPhone," the Justice Department wrote in the filing. "If the method is viable, it should eliminate the need for the assistance from Apple set forth in the All Writs Act Order in this case." Cupertino-based Apple has vehemently opposed the idea of creating a "back door" for the government to access the iPhone, fearing that the technology eventually would make it into the hands of hackers. Politico first reported the news.
http://www.politico.com/story/2016/03/feds-move-to-cancel-iphone-hearing-221062
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o San Jose-Based GigOptix to Receive $5M Investment from Chinese Firm
San Jose, Calif. -- GigOptix, a San Jose-based supplier of advanced semiconductor communications components, said on Tuesday it will receive a $5 million investment from Shanghai Pudong Science and Technology Investment (PDSTI). Under the deal, PDSTI will purchase 1.75 million shares of the company for $2.85 each, giving it a 3.8% stake. GigOptix said the funds will increase its financial flexibility and allow it to pursue additional strategic growth opportunities. GigOptix develops a broad range of analog, digital and mixed signal components that enable high-speed information streaming over the telecom networks, datacom infrastructure and consumer electronics links.
http://www.gigoptix.com/
http://ir.gigoptix.com/phoenix.zhtml?c=225697&p=irol-newsArticle&ID=2150142
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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:
(Redwood City, Calif.) Redwood City-based DataRPM, a developer of recommendation and prediction data products, on Tuesday named open source and enterprise software marketing veteran John Kreisa to its advisory board. Kreisa currently heads international marketing efforts at Hortonworks, and previously held roles at Business Objects, MarkLogic and Red Hat.
http://www.datarpm.com
http://www.businesswire.com/news/home/20160322005474/en/Cognitive-Data-Science-Company-DataRPM-Appoints-Open
(Palo Alto, Calif.) Palo Alto-based LiveAction, developer of an enterprise IT network visibility software platform, on Tuesday named Tom Schodorf to its board of directors. Schodorf is the former senior vice president of worldwide field operations at Splunk, and earlier held executive positions at BMC Software and IBM. The news comes a month after the company landed $36 million in its second round of funding, led by Insight Venture Partners.
http://www.liveaction.com
http://www.businesswire.com/news/home/20160322005636/en/LiveAction-Adds-Tom-Schodorf-Board-Directors
(Sunnyvale, Calif.) Sunnyvale-based Yahoo on Tuesday announced several changed to its Yahoo Sports Daily Fantasy product in a bid to make contests more transparent and fun for all users. Changes include limiting entries to a maximum of 10 entries per user per contest, clearly identifying veteran players with a badge and prohibiting the use of any type of scripting tool to upload or edit entries.
http://info.yahoo.com/press-center/article/introducing-fair-play-yahoo-sports-123000832.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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