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BAY AREA TECH WIRE -- March 14, 2017
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To subscribe: www.bayareatechwire.com
o San Francisco-Based Okta Files to Raise Up to $100 Million in IPO
o San Jose-Based Innovium Raises $38.3 Million in Third Round
o Santa Clara-Based Cardiva Medical Raises $30 Million in Funding
o San Mateo-Based Unifi Software Raises $17.5 Million in Second Round
o San Jose-Based Prysm Acquires San Francisco-Based Kaybus
o Briefly Noted: Zentera Systems, Guardian Analytics, Exadel
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Bluetooth World 2017, 28-29 March, Santa Clara Convention Center
--The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC
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 Okta Files to Raise Up to $100 Million in IPO
San Francisco -- Okta, the San Francisco-based developer of a cloud-based identity service that lets users securely access 5,000 apps from any device, late Monday filed with the Securities and Exchange Commission (SEC) to raise up to $100 million in its initial public offering (IPO). Details of the offering, such as the number of shares to be sold or their expected price range, have not bee disclosed. The company plans to list its stock under the symbol "OKTA" on the Nasdaq Global Select Market. Goldman Sachs, J.P. Morgan and Allen and Co. are listed as lead underwriters. Okta is backed primarily by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia. The news comes a week after Okta announced its acquisition of San Mateo-based Stormpath, a provider of identity management for apps and APIs.
https://www.okta.com/
https://www.okta.com/press-room/press-releases/okta-files-registration-statement-for-proposed-initial-public-offering/
https://www.sec.gov/Archives/edgar/data/1660134/000119312517080301/d289173ds1.htm (IPO Filing)
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o San Jose-Based Innovium Raises $38.3 Million in Third Round
San Jose, Calif. -- Innovium, a San Jose-based developer of networking silicon technology for data centers, said on Tuesday it has raised $38.3 million in its third round of funding, led by Redline Capital. Greylock Partners, Walden Riverwood Ventures, Capricorn Investment Group, Qualcomm Ventures and S-Cubed Capital also took part in the round, which the company will use, in part, to accelerate the commercialization of its switch silicon products, designed to enable autonomous and programmable large-scale data center networks. Tatiana Evtushenkova, CEO and managing director of Redline Capital, has joined the company's board of directors. Innovium now has raised $90 million since its inception.
http://www.innovium.com/
http://www.innovium.com/2017/03/14/innovium-raises-38-3m-in-oversubscribed-series-c-funding-and-announces-advisory-board/
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o Santa Clara-Based Cardiva Medical Raises $30 Million in Funding
Santa Clara, Calif. -- Cardiva Medical, a Santa Clara-based developer of medical devices focused on vascular closure, said on Tuesday it has raised $30 million in a new round of funding. Participants included affiliates of Luther King Capital Management, as well as previous backers PTV Healthcare Capital and the Canepa Advanced Healthcare Fund. The company said it will use the proceeds to continue the commercial expansion of its Vascade Vascular Closure System, as well as to fund new closure technologies in development. "Our mission is focused on reducing access site complications for the millions of patients who undergo vascular procedures each year," said John Russell, Cardiva's president and CEO. "This financing will enable us to fully execute our commercial growth and development programs."
http://www.cardivamedical.com
http://www.cardivamedical.com/news/cardiva-medical-raises-30-million/
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o San Mateo-Based Unifi Software Raises $17.5 Million in Second Round
San Mateo, Calif. -- Unifi Software, the San Mateo-based developer of a self-service data discovery and preparation platform for business analysts, said on Tuesday it has raised $17.5 million in its second round of funding, led by Scale Venture Partners. Previous backers Canaan Partners and Pelion Partners also contributed to the round, which increased the company's total funding since its inception to $32 million. "This investment will allow us to accelerate development, expand our sales team and market awareness to realize that vision sooner," said CEO Rob Carlson. Unify's platform uses machine learning and artificial intelligence to predict what business users want to visualize, then connect the resulting data to a business intelligence tool. Clients include AT Kearney, Boston Biomedical, Compassion First, Essentra, Havas, Microsoft, MoneyGram, Sabre and West County Health Centers. The company said it's on track to surpass 300 customers by the end of this year.
http://unifisoftware.com/
http://www.marketwired.com/press-release/unifi-secures-175-million-in-series-b-funding-from-scale-venture-partners-2202683.htm
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o San Jose-Based Prysm Acquires San Francisco-Based Kaybus
San Jose, Calif. -- Prysm, the San Jose-based developer of a cloud-based visual workplace platform that lets users explore data, content, applications and tools on hyper-visual digital canvases, said on Tuesday it has acquired San Francisco-based Kaybus, a developer of knowledge automation software for enterprises. Financial terms of the deal were not disclosed. The company said the acquisition will bolster its core technology by enhancing security, language flexibility, search functionality and sign-on security. New functionality is expected to begin appearing in the Prysm Application Suite starting in the third quarter. All Kaybus employees, based primarily in California and India, will join Prysm.
http://www.prysm.com
http://www.kaybus.com
http://www.prnewswire.com/news-releases/prysm-announces-kaybus-acquisition-strengthens-enterprise-offering-300422949.html
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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.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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o Briefly Noted:
(San Jose, Calif.) San Jose-based Zentera Systems, developer of a multicloud infrastructure security and networking platform, said on Tuesday that founder and CEO Jaushin Lee has been named Entrepreneur of the Year by the Silicon Valley chapter of the Chinese Institute of Engineers (CIE/USA). He received his award at the organization's Silicon Valley 2017 Annual Conference, held March 11 at the Computer History Museum in Mountain View.
http://zentera.net/
http://finance.yahoo.com/news/zentera-systems-ceo-named-cies-120800733.html
(Mountain View, Calif.) Mountain View-based Guardian Analytics, a developer of real-time behavioral analytics and machine learning tools used to prevent banking and enterprise portal fraud, on Tuesday named Prashanth Shetty as its vice president of marketing. Shetty most recently was the vice president of worldwide marketing for the security and API management divisions of CA Technologies.
http://www.guardiananalytics.com
http://www.prnewswire.com/news-releases/guardian-analytics-appoints-prashanth-shetty-as-vice-president-of-marketing-300423201.html
(San Francisco) San Francisco-based software engineering firm Exadel on Tuesday named Craig Wilson as its executive vice president of international business. Wilson most recently served as the chief revenue officer of Ciklum, and previously held management positions at CCE, CAE and Bell and Watson.
http://www..exadel.com
http://finance.yahoo.com/news/exadel-appoints-craig-wilson-lead-114500045.html
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Job/Event/Services Listings:
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To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
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> Bluetooth World 2017, 28-29 March, Santa Clara Convention Center
Join us to get inspired and discover the future of connectivity and IoT. There's nothing more inspirational than seeing, playing and experiencing amazing IoT gadgets that have successfully gone to market and made it big. Entry is FREE and you will be able to visit the various zones including Automotive, Audio, Smart Home and Health & Fitness, test your innovations at the Testing Stations and meet a range of suppliers. For just $50 you also have access to a wide range of developer sessions as well as hear from inspirational keynotes from big brands including Garmin, Google, Zipcar and Plantronics. Register for FREE entry or purchase an 'Access all areas pass' for just $50!
For more information: https://bluetoothworldevent.com
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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.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> 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 apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
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> Advertising on Bay Area Tech Wire
Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/
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