Thursday, February 16, 2017

Bay Area Tech Wire - Feb. 16

BAY AREA TECH WIRE -- Feb. 16, 2017
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Redwood City-Based Lands $15 Million in First Round of Funding
o San Francisco-Based Brightwheel Raises $10 Million in First Round
Redwood City-Based Omidyar Invests $2.9M in Latin American Civic Tech Fund
San Francisco-Based Seal Software Names Two Key Executives
o Briefly Noted: Apple, Uncorporeal Systems, PagerDuty

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC

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o Redwood City-Based Lands $15 Million in First Round of Funding

Redwood City, Calif. --, the Redwood City-based developer of a platform for players to record, replay and share video game clips, said on Thursday it has raised $15 million in its first round of funding, led by Shasta Ventures. The round also included an investment fund associated with the owners and executives of the San Francisco 49ers, basketball star Jeremy Lin, Accel Partners, Tenaya Capital, DAG Ventures and Founders Fund. The company will use the investment to grow the platform and roll out new features, including improved tools to capture, edit and share video game clips and deep integrations with more PC game titles. " grew very quickly since its launch and our community really embraced the platform not just for the social sharing but for replaying and improving as players," said founder and CEO Dennis Fong, adding that the company is now in a "great position to make the most personal and relevant source of gameplay content, and the de facto platform to replay and share videos to get better at your game." 

o San Francisco-Based Brightwheel Raises $10 Million in First Round

San Francisco -- Brightwheel, a San Francisco-based developer of management and communication software for early education, said on Thursday it has raised $10 million in its first round of funding, led by GGV Capital. The Chan Zuckerberg Initiative, ICONIQ and previous backers Eniac Ventures, Golden Venture Partners, Lowercase Capital, Mark Cuban Companies and RRE Ventures also participated, in addition to angel investors. Brightwheel has developed a cloud-based platform for preschools, childcare providers, camps and afterschool programs. The platform is designed to help teachers better manage their day and communicate with parents, while also giving parent a deeper insight into what their children are learning and automating the process of managing operations for administrators. The company said it will use the latest proceeds to accelerate product development and expand its staff. 

o Redwood City-Based Omidyar Invests $2.9M in Latin American Civic Tech Fund

Redwood City, Calif. -- Omidyar Network, the Redwood City-based philanthropic investment firm founded by eBay founder Pierre Omidyar and his wife Pam, said it has invested $2.9 million in a new fund called the Latin American Alliance for Civic Technology (ALTEC). The $3.5 million fund, co-launched by FundaciĆ³n Avina and Avina Americas, aims to support the development and promotion of civic tech platforms designed to increase government transparency, fight corruption and improve the delivery of public services. "Civic technology provides a great opportunity to make governments more transparent and more responsive to the true needs of citizens, and for citizens to participate actively in the decisions that impact their everyday lives," said Felipe Estefan, an Omidyar investment principal responsible for governance and citizen engagement investments in Latin America. "ALTEC will be the leading power behind the development of Latin America's civic technology ecosystem." ALTEC is the latest iteration of the Accelerator Fund for Civic Innovation, which was created in 2013 by Avina and Omidyar Network. That fund invested $2.3 million over three years in the development and promotion of 26 platforms and apps in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Paraguay, Peru and Uruguay.

o San Francisco-Based Seal Software Names Two Key Executives

San Francisco -- Seal Software, a San Francisco-based developer of contract discovery, data extraction and analytics tools, on Thursday announced two key hires, naming David Gingell as its chief marketing officer and Rich Bohne as its chief revenue officer. Gingell most recently was the CMO of TeamViewer, and previously served as the vice president of Europe, Middle East and Africa marketing for EMC, Adobe and NetApp. Bohne, meanwhile, held executive sales positions at Quest Software and Dell, where he led the Americas sales teams for Dell Software Group. Seal's machine learning and natural language processing technologies are designed to help companies find contracts of any file type across their networks, then quickly understand what risks or opportunities are hidden in their contracts and place them in a centralized repository. 

o Briefly Noted:

(Cupertino, Calif.) Cupertino-based Apple said on Thursday that its 28th annual Worldwide Developers Conference (WWDC) will take place June 5-9 in San Jose. The conference annually gives developers access to more than 1,000 Apple engineers. It also will be live-streamed through the Apple Developer website ( and on the WWDC app for iPhone, iPad and Apple TV. 

(San Francisco) San Francisco-based Uncorporeal Systems, a developer of virtual and augmented reality technology, on Thursday named Peter Cuneo as its chairman. Cuneo currently serves as the chairman of Valiant Entertainment and Iconix Brand Group, and previously served as the CEO of Marvel Entertainment and president of a Black and Decker business group. 

(San Francisco) San Francisco-based PagerDuty, developer of an incident management platform for digital businesses, on Thursday named former AppDynamics executive Joe Sexton to its executive advisory board. Sextron previously served as president of worldwide field operations at AppDynamics , which recently was acquired by Cisco. He also currently serves on the boards of SnapRoute and CrowdStrike, in addition to being an executive in residence at Greylock Partners and Lightspeed Venture Partners. 

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> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.

> Director of the Department of Technology/Chief Information Officer

The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at

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