Monday, October 17, 2016

Bay Area Tech Wire - Oct. 17

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BAY AREA TECH WIRE -- Oct. 17, 2016
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Campaigns & Marketing Summit - Dec. 1 - D.C. (Early Bird Rate)
www.camsummitdc.com

o ThoughtSpot Lands New Investment from Hewlett Packard Pathfinder
o San Jose-Based Cisco Acquires San Francisco-Based Worklife
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San Francisco-Based Showpad Acquires Core Assets of Taptera
o Menlo Park-Based Sofinnova Closes New $650 Million Biotech Fund
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San Jose-Based eBay Launches Curated Marketplace eBay Collective
> Campaigns & Marketing Summit - Dec. 1 - Washington, D.C.
o Briefly Noted:
Voyager Capital - Zipwhip
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Campaigns & Marketing Summit - Dec. 1 - Washington, D.C.

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o ThoughtSpot Lands New Investment from Hewlett Packard Pathfinder

Palo Alto, Calif. -- ThoughtSpot, a Palo Alto-based developer of search-driven analytics technology, said it has landed a new investment from Hewlett Packard Pathfinder to close out its third round. The company announced the first $50 million of the round, led by General Catalyst Partners, in May. ThoughtSpot said the latest funding will help accelerate the adoption of its relational search technology among 6he Fortune 500. The technology lets users quickly analyze company data, while helping business intelligence and analytics teams cut their reporting backlogs. With the investment, ThoughtSpot will enter the Hewlett Packard Pathfinder program, a venture investment and partnership program designed to identify startups with the greatest potential, connect them with enterprise customers and elevate their products to scale. ThoughtSpot and HPE will co-sell a joint product, with the ThoughtSpot's software running on HPE's infrastructure.
http://www.thoughtspot.com 
http://www.thoughtspot.com/press-releases/thoughtspot-expands-series-c-new-investment-hewlett-packard-pathfinder 
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o San Jose-Based Cisco Acquires San Francisco-Based Worklife

San Jose, Calif. -- Cisco Systems, the San Jose-based networking equipment giant, said on Monday it has acquired San Francisco-based Worklife, a developer of software designed to improve meeting productivity. Financial terms of the deal were not disclosed. Worklife's employees will report to Cisco's Cloud Collaboration Technology Business Unit. The company's existing online meeting software, which aims to keep users more engaged before, during and after meetings, will continue to be offered free to customers. "With the Worklife team onboard, we see an opportunity to build on the virtual meeting experience that the Cisco Spark platform currently provides, and enhance meeting productivity across the board," wrote Rob Salvagno, Cisco's vice president of corporate business development, in a blog post. "For example, we can start offering additional tools, tightly integrated into Cisco Spark, to help users track calendars, create agenda templates, and collaborate on note-taking in real-time during a meeting."
https://www.worklife.com/
https://blogs.cisco.com/news/cisco-announces-collaboration-news 
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o San Francisco-Based Showpad Acquires Core Assets of Taptera

San Francisco -- Showpad, developer of a content activation and sales enablement platform, with dual headquarters in San Francisco and Belgium, said on Monday it has acquired the core business assets of San Francisco-based Taptera, developer of an enterprise sales management platform. The news comes five months after Showpad raised $50 million in its third round of funding. The deal, which includes Taptera's customer roster and other assets, is the second major acquisition by Showpad this year. Financial terms were not disclosed. "Sales enablement software is quickly going from a nice-to-have to a must-have," said Louis Jonckheere, the co-CEO of Showpad. "This space is filled with a number of high-quality competitors, all looking to make the job of salespeople in the field a simpler one."
http://www.showpad.com 
http://www.taptera.com/ 
http://www.prnewswire.com/news-releases/showpad-acquires-tapteras-client-assets-300345997.html 
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o Menlo Park-Based Sofinnova Closes New $650 Million Biotech Fund

Menlo Park, Calif. -- Sofinnova, a biotech-focused investment firm based in Menlo Park, said on Monday it has closed a new $650 million fund, focused on biopharmaceuticals. The fund, Sofinnova Venture Partners Fund X, will be the firm's fourth to invest primarily in mid- and later-stage companies. It will target 20-25 companies, typically committing $15-$35 million each. Sofinnova has backed 46 companies since 2007 in the areas of rare and orphan diseases, oncology, women's health, dermatology, ophthalmology and infectious diseases.
http://www.sofinnova.com 
http://www.prnewswire.com/news-releases/sofinnova-raises-650-million-biotech-focused-venture-fund-300345277.html 
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o San Jose-Based eBay Launches Curated Marketplace eBay Collective

San Jose, Calif. -- Online marketplace eBay on Monday launched a new site, eBay Collective, that promises to provide interior designers and consumers with curated inventory of furniture, antiques, contemporary design and fine art. The San Jose-based company also said it has integrated artificial intelligence technology powered by eBay's recent acquisition of Corrigon. The technology, called "Shop the Look," utilizes image recognition that lets shoppers hover over images, then find inventory that matches a particular portion of the image. Key categories of eBay Collective are design furniture, antiques, decorative objects and fine art.
http://www.ebay.com/collective 
http://www.businesswire.com/news/home/20161017005258/en/eBay-Launches-eBay-Collective-Provide-Curated-Experience 
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> Campaigns & Marketing Summit - Dec. 1 - Washington, D.C.


The Campaigns & Marketing Summit on December 1 at the National Press Club in Washington, D.C. brings together 300+ brand marketers, PR and advocacy professionals, and political campaign strategists to discuss their common tactics, strategies, tools and platforms. It is the only conference to bring together both brand and political marketers. This unique fusion in both speakers and attendees produces fresh insights and empowers attendees to push the boundaries of what's possible in their own fields. One thing you're guaranteed to take away from CAM Summit: actionable strategies and tactics that set you apart from peers. www.camsummitdc.com

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o Briefly Noted:

(Menlo Park, Calif.) Voyager Capital, a Seattle-based venture capital firm with offices in Menlo Park, said on Monday it has led a new $9 million round of funding for Seattle-based Zipwhip, a developer of technology that lets landline, VoIP and toll free numbers send and receive text messages from any connected device. Microsoft Ventures, GCI and Inteliquent also took part in the company's second round.
http://www.prnewswire.com/news-releases/business-texting-pioneer-zipwhip-closes-9-million-in-series-b-growth-funding-300345523.html 

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> Campaigns & Marketing Summit - Dec. 1 - Washington, D.C.

The Campaigns & Marketing Summit on December 1 at the National Press Club brings together 300+ brand marketers, PR and advocacy professionals, and political campaign strategists to discuss their common tactics, strategies, tools and platforms. It is the only conference to bring together both brand and political marketers. This unique fusion in both speakers and attendees produces fresh insights and empowers attendees to push the boundaries of what's possible in their own fields. One thing you're guaranteed to take away from CAM Summit: actionable strategies and tactics that set you apart from peers. www.camsummitdc.com

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