Automated posts from the Silicon Valley SF Bay Area Technology News Wire
Tuesday, March 21, 2017
Bay Area Tech Wire - March 21
========================================== BAY AREA TECH WIRE -- March 21, 2017 ========================================== Sponsor: Bluetooth World 2017, March 28-29, Santa Clara Convention Center https://bluetoothworldevent.com o Data Collective Leads $75M Round for Commercial Launch Firm Rocket Lab o Oakland-Based Mynd Raises $5.1M for Property Management Technology o Santa Rose-Based Keysight Raising $400 Million to Pay for Ixia Acquisition o Foster City-Based SutroVax Raises $64 Million in New Funding o Sunnyvale-Based Viewics Names Keith Laughman as New CEO > Bluetooth World 2017, March 28-29, Santa Clara Convention Center o Briefly Noted: Virtual Instruments, Agilent Technologies, DataDirect Networks, InfoObjects _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
o Data Collective Leads $75M Round for Commercial Launch Firm Rocket Lab
San Francisco -- Data Collective, a venture capital firm based in San Francisco and Palo Alto, said on Tuesday it has led a new $75 million fourth round of funding for Huntington Beach-based commercial space company Rocket Lab. Promus Ventures and an undisclosed investor also participated, along with previous backers Bessemer Venture Partners, Khosla Ventures and K1W1. The company, now valued at more than $1 billion, has raised $148 million since its inception. Rocket Lab is aiming to provide frequent launch opportunities for satellite companies. "Currently, small satellite companies wait years to get on orbit, often at the mercy and schedules of larger payloads -- and at extortionate costs," said Matt Ocko of Data Collective. "With Rocket Lab, this huge backlog now has access to a high-frequency, quality launch service." Rocket Lab said it will use the funding to scale production of its Electron rocket, which it will use to launch imaging and communications satellites. Ocko has joined the company's board of directors. http://www.dcvc.com http://www.rocketlabusa.com http://finance.yahoo.com/news/rocket-lab-raises-75-million-130000189.html _____________________________________________
o Oakland-Based Mynd Raises $5.1M for Property Management Technology
Oakland -- Mynd, an Oakland-0based developer of property management technology, said on Tuesday it has raised $5.1 million in a new round of funding, led by Jackson Square Ventures. Other participants in the company's "series A1" round included Canaan Partners, Lightspeed Venture Partners and angel investors. Mynd now has raised $10.6 million to date, including a $5.5 million first round led by Canaan Partners in October. The company's technology, systems and data, including a real-time mobile app, are designed to help property owners more efficiently manage multi-family residential buildings with 50 units or less, as well as single family rentals. Through a mobile app or online dashboard, owners can view real-time information on rental income, vacancies and work orders, as well as communicate with Mynd's property management team. The company on Tuesday also announced the expansion of its property management service into the Greater San Jose area, after launching its private beta in the East Bay last fall. Plans call for further expansion into San Francisco and Marin this summer. http://www.mynd.co http://www.prnewswire.com/news-releases/mynd-property-management-raises-51-million-in-series-a1-financing-300426746.html _____________________________________________
o Santa Rose-Based Keysight Raising $400 Million to Pay for Ixia Acquisition
Santa Rosa, Calif. -- Two months after announcing plans to acquire Calabasas-based Ixia, Santa Rosa-based Keysight Technologies, the developer of test and measurement tools, said it plans to raise $400 million through a public stock offering to help pay for the deal. Goldman, Sachs & Co.; BofA Merrill Lynch; Citigroup and BNP Paribas will serve as lead underwriters of the offering, which the company will use to finance the cash consideration of its $1.6 billion deal for Ixia, a developer of application testing, visibility and security tools. The combined company will develop technologies spanning electronic design, device and network validation, and application and security performance. The acquisition, announced in January, is expected to close by the end of October. http://www.keysight.com http://www.ixiacom.com http://www.businesswire.com/news/home/20170320006276/en/Keysight-Technologies-Announces-Proposed-Public-Offering-Common _____________________________________________
o Foster City-Based SutroVax Raises $64 Million in New Funding
Foster City, Calif. -- SutroVax, a Foster City-based biopharmaceutical firm focused on vaccines designed to prevent infectious diseases, said on Tuesday it has raised $60 million in its second round of funding, co-led by new investors Frazier Healthcare Partners and Pivotal bioVenture Partners. Previous backers Abingworth, Longitude Capital, Roche Venture Fund and CTI Life Sciences Fund also participated, and are investing an additional $4 million outside of the round. SutroVax said it will use the proceeds to advance its lead pneumococcal conjugate vaccine (PCV), which prevents invasive pneumococcal disease, and accelerate its antigen discovery and early-stage development efforts in other disease areas. "The closing of this round… is an important milestone for SutroVax and reflects the significant achievements we have made in developing a pneumococcal conjugate vaccine product candidate with the potential to disrupt a market with annual sales of over $7 billion," said CEO Grant Pickering. "This financing enables us to advance our lead PCV program into the clinic and expand our R&D, clinical development and manufacturing organizations." http://www.sutrovax.com http://sutrovax.com/2017/03/21/sutrovax-announces-closing-of-64m-via-series-b-financing/ _____________________________________________
o Sunnyvale-Based Viewics Names Keith Laughman as New CEO
Sunnyvale, Calif. -- Viewics, a Sunnyvale-based developer of healthcare intelligence and analytics tools for hospitals and health systems, on Tuesday named Keith Laughman as its new CEO. He succeeds co-founder Dhiren Bhatia, who will continue as chief strategy officer. Laughman previously served as the president of Mayo Collaborative Services and Mayo Medical Laboratories, president of AmeriPath Reference Services and Specialty Reference Laboratory, and president and CEO of Med Fusion Clinical Lab. He also provided consulting services as the managing partner of boutique consulting firm CareTinuum Consulting Partners. "I'm excited to have Keith on board to build and manage the organization, which frees me up to focus leading the development of our analytics platforms and products," said Bhatia. Viewics' analytics platform is designed to help healthcare organizations gain actionable insights from disparate data sources. The company recently was named as one of the founding analytics partners of Siemens' Healthineer Digital Ecosystem platform, which is expected to become commercially available in this fall. http://www.viewics.com http://www.businesswire.com/news/home/20170321005689/en/Keith-Laughman-Joins-Viewics-CEO _____________________________________________ ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
(Santa Clara, Calif.) Santa Clara-based Agilent Technologies, a developer of lab technology products, has named Sam Raha as its senior vice president of strategy and corporate development. Raha most recently served as the vice president of global marketing at Illumina, and previously was vice president and general manager of the genomic assays business unit at Life Technologies. http://www.agilent.com/about/newsroom/presrel/2017/20mar-ca17009.html
(Santa Clara, Calif.) Santa Clara-based DataDirect Networks (DDN), a developer of big data storage technology, on Tuesday named Bret Costelow as its vice president of global sales. Costelow most recently led a global sales and business development team for Intel's HPC software business, and supported Intel's 2012 acquisition of Whamcloud. http://www.ddn.com/press-releases/ddn-names-bret-costelow-vp-global-sales/
=================================================== Job/Event/Services Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300
> 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 _____________________________________________
> 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 _____________________________________________ > 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 email@example.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com. _____________________________________________ > 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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