Thursday, November 10, 2016

Bay Area Tech Wire - Nov. 10

BAY AREA TECH WIRE -- Nov. 10, 2016
Campaigns & Marketing Summit - Washington, D.C. - Dec. 1

o Tech Companies Stress Unity, Equality in Wake of Trump Election  
San Mateo-Based Neo Technology Lands $36 Million in Funding
San Francisco-Based RiskIQ Raises $30.5 Million in Third Round
San Jose-Based Adobe to Acquire Emeryville's TubeMogul for $540 Million
Palo Alto-Based Iconica Partners Leads $6.2M Round for Greenfly
> Campaigns & Marketing Summit - Washington, D.C. - Dec. 1

o Briefly Noted: Heliospectra, Accelerite, ServiceSource, Riviera

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

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o Tech Companies Stress Unity, Equality in Wake of Trump Election

Two days after Donald Trump's historic presidential election win, the heads of several tech companies continue to react about the outcome and what it means to their future. Apple CEO Tim Cook reaffirmed his company's commitment to social progress and equality, even quoting Dr. Martin Luther King Jr. in a memo to employees, published by BuzzFeed. "We have a very diverse team of employees, including supporters of each of the candidates," wrote Cook. "Regardless of which candidate each of us supported as individuals, the only way to move forward is to move forward together." At eBay, CEO Devin Wenig noted that his company was founded by an immigrant. "We will continue to advocate for principles and policies that support the needs of the global eBay community, and I will continue to speak publicly about inclusion, trade, and the positive role that technology can play in peoples' lives around the world," wrote Wenig in a note to employees published by Recode. And a blog post by Microsoft President and Chief Legal Officer Brad Smith stressed unity. "Today is a day that finds some Americans celebrating and others commiserating about the electoral result," wrote Smith. "But it's also a day that reminds us of what makes the country special. It's a day that provides an opportunity to look beyond disagreements and divides, identify bold solutions to common problems, and find new ways to work together." All three notes are at the links below.


o San Mateo-Based Neo Technology Lands $36 Million in Funding

San Mateo, Calif. -- Neo Technology, the San Mateo-based developer of a graph database, said on Thursday it has landed $36 million in its fourth round of funding. Greenbridge Investment Partners and previous backers Sunstone, Creandum and Eight Roads Ventures also participated. Neo Technology is the creator of Neo4j, a native graph database designed to help companies build intelligent applications. Neo said it will use the proceeds to continue development of its Neo4j product, expand its footprint in the enterprise sector and build deeper partnerships within the graph technology ecosystem. "This new round of funding builds on the tremendous momentum we're seeing this year around Neo4j -- both development-wise and commercially -- as connected enterprises look for real-time value from unprecedented volumes of data and graph databases become the enterprise standard," said CEO Emil Eifrem. 

o San Francisco-Based RiskIQ Raises $30.5 Million in Third Round

San Francisco -- RiskIQ, the San Francisco-based developer of an external threat management platform, said on Thursday it has raised $30.5 million in its third round of funding, led by Georgian Partners. Previous backers Summit Partners, Battery Ventures and MassMutual Ventures also participated in the round, which the company will use to bolster its ecosystem, sales and platform applications. Founded in 2009, RiskIQ has developed technology designed to help security personnel to reduce the time needed to understand new threats, speed up investigations and more effectively prevent and remediate incidents. Clients include Facebook, DocuSign, Under Armour, Lagardere and Publishers Clearing House. Steve Leightell of Georgian Partners will join the company's board of directors.  

o San Jose-Based Adobe to Acquire Emeryville's TubeMogul for $540 Million

San Jose, Calif. -- Adobe, the San Jose-based developer of web publishing software, said on Thursday it will acquire Emeryville-based TubeMogul, developer of a video advertising platform, in a deal valued at $540 million. The company said it plans to launch a cash tender offer at $14 a share. TubeMogul's platform is designed to let brands and agencies plan and buy video advertising across desktops, mobile, streaming devices and TVs. Adobe said the acquisition will allow it to offer an end-to-end independent advertising and data management platform that spans TV and digital formats. "Video consumption is exploding across every device and brands are following those eyeballs," said Brad Rencher, Adobe's executive vice president and general manager of digital marketing. "With the acquisition of TubeMogul, Adobe will give customers a `one-stop shop' for video advertising, providing even more strategic value for our Adobe Marketing Cloud customers." TubeMogul CEO Brett Wilson will continue to lead the business as part of Adobe's Digital Marketing business. The deal is expected to close by the end of February. 

o Palo Alto-Based Iconica Partners Leads $6.2M Round for Greenfly

Palo Alto, Calif. -- Iconica Partners, a Palo Alto-based investment firm operating at the intersection of technology, sports and media, said on Thursday it has led a new $6.2 million round of funding for Santa Monica-based Greenfly, developer of a platform for orchestrating private networks of content contributors. Elysian Park Ventures, Mandalay Sports Media, R/GA Ventures, Corazon Capital, Go4it and TACK Ventures also contributed. Founded in 2014, Greenfly has created a platform used by sports leagues, teams and media companies to produce and distribute video and other media content. The company, whose system integrates a mobile app with a private, web-based content production and orchestration system, was co-founded by former Major League Baseball player Shawn Green. Mark Leschly, the managing director of Iconica Partners, has joined Greenfly's board of directors. 

o Briefly Noted:

(San Francisco) Heliospectra, a Swedish developer of intelligent lighting technology for plant research and greenhouse cultivation, with U.S. headquarters in San Francisco, has named Ali Ahmadian as its chief commercial officer. Ahmadian most recently served as the vice president of environment and sustainable solutions for Asia and Oceania at Tetra Pak. 

(Santa Clara, Calif.) Santa Clara-based Accelerite, a developer of software designed to simplify and secure enterprise infrastructure, has named Rajesh Ramchandani as its general manager of cloud services and platforms. Ramchandani previously was the co-founder and vice president of products at startup CumuLogic, and earlier held senior executive roles overseeing cloud technologies at Oracle, Sun Microsystems and Wipro Infotech. 

(San Francisco) San Francisco-based ServiceSource, a developer of revenue management tools for B2B companies, has named Gary Moore to its board of directors. Moore previously spent 15 years at Cisco Systems, where he became chief operating officer (COO) and then president before retiring in 2015. ServiceSource's board now consists of seven independent directors. 

(San Francisco) San Francisco-based Riviera, a recruiting firm providing services to tech companies seeking engineering talent, has named Jason Hann as its newest director. Hann most recently served as the CEO of VonChurch, a recruiting firm specializing in the digital entertainment industry. He earlier held senior positions at Panoramic Solutions and K2 Partnering Solutions. 

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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.


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