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BAY AREA TECH WIRE -- March 28, 2017
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Sponsor: Bluetooth World 2017, March 28-29, Santa Clara Convention Center
https://bluetoothworldevent.com
o San Francisco-Based MasterClass Raises $35 Million in Third Round
o Berkeley-Based Rigetti Computing Raises $64M in First Two Rounds
o Palo Alto-Based Emerging Payments Lands More Than $5M in Funding
o Menlo Park-Based Ayasdi Names Robert Griffin as New CEO
o White House Launches New Innovation Office Focused on Tech
> Bluetooth World 2017, March 28-29, Santa Clara Convention Center
o Briefly Noted: SHIFTMobility, Silver Spring Networks
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Bluetooth World 2017, 28-29 March, Santa Clara Convention Center
--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 MasterClass Raises $35 Million in Third Round
San Francisco -- MasterClass, the San Francisco-based developer of an online education platform offering classes taught by instructors such as Aaron Sorkin, Serena Williams, Gordon Ramsay and Frank Gehry, said on Tuesday it has raised $35 million in its third round of funding. IVP led the round, which also included participation from new investors GSV Acceleration and Sam Lessin, as well as previous backers New Enterprise Associates (NEA), Javelin Venture Partners, Bloomberg Beta, Advancit Capital, Novel TMT, Yan-David Erlich and Matthew Rutler (MX Investments). The company, which now has raised $56.4 million since its inception in 2015, said it will use the proceeds to accelerate class development, expand its roster of instructors and build out its staff. Led by co-founder and CEO David Rogier, MasterClass provides online classes from well-known instructors. Classes, which cost $90 each, include video lessons from the instructor, interactive exercises, course materials and peer interaction. Eric Liaw and Roseanne Wincek of IVP will join the company's board of directors.
http://www.masterclass.com
http://www.prnewswire.com/news-releases/education-company-masterclass-raises-35-million-series-c-300430366.html
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o Berkeley-Based Rigetti Computing Raises $64M in First Two Rounds
Berkeley, Calif. -- Rigetti Computing, a Berkeley-based quantum computing start-up, revealed on Tuesday it has raised $64 million in its first and second rounds of funding. The company initially raised $24 million, in a round led by Andreessen Horowitz, then another $40 million, in a round led by Vy Capital. Major investors in both rounds include Y Combinator's Continuity Fund, Data Collective, FF Science, AME Cloud Ventures, Morado Ventures and WTI. Rigetti Computing, which now has raised $69.2 million since its inception, said it will use the latest funding to expand its business and engineering teams, as well as bolster the infrastructure necessary to manufacture and deploy its quantum integrated circuits. Quantum computers store and process information using individual photons, enabling dramatically greater computational power and energy efficiency. "Quantum computing will enable people to tackle a whole new set of problems that were previously unsolvable," said founder and CEO Chad Rigetti. "This is the next generation of advanced computing technology. The potential to make a positive impact on humanity is enormous." Vijay Pande, a general partner at Andreessen Horowitz, will join the company's board of directors.
http://www.rigetti.com
http://www.prnewswire.com/news-releases/rigetti-computing-raises-64-million-in-series-a-and-b-funding-led-by-andreessen-horowitz-and-vy-capital-300430164.html
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o Palo Alto-Based Emerging Payments Lands More Than $5M in Funding
Palo Alto, Calif. -- Emergent Payments, a Palo Alto-based developer of digital payment services in emerging markets like Latin America, Asia, India and Eastern Europe, said on Tuesday it has raised more than $5 million in a new round of funding. Responsible Gold Holdings (RGH) and several previous backers took part in the round. "This financing will accelerate the growth of our footprint in emerging markets," said CEO Mitch Davis. "In the last 12 months alone, we opened offices in Nigeria and Bangladesh and we're looking ahead to our next market move. It will also help facilitate the expansion of our research and development efforts and our focus on payment method optimization."
https://www.emergentpayments.net
https://www.emergentpayments.net/blog_emergent_payments_raises_funding.php
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o Menlo Park-Based Ayasdi Names Robert Griffin as New CEO
Menlo Park, Calif. -- Ayasdi, a Menlo Park-based developer of machine intelligence software, on Tuesday named Robert Griffin as its new CEO. He succeeds co-founder Gurjeet Singh, who will serve as executive chairman. Griffin most recently served as the CEO of IBM's Safer Planet and Smarter Cities division. He joined IBM following its acquisition of i2, where he was the president and CEO. Ayasdi develops enterprise-grade intelligent applications for financial services, healthcare and the public sector. The company is backed by Kleiner Perkins Caufield & Byers, IVP, Khosla, CenterView Partners, Draper Nexus, Citi Ventures, GE Ventures and Floodgate Capital.
http://www.ayasdi.com
https://www.ayasdi.com/company/media/ayasdi-appoints-robert-griffin-chief-executive-officer/
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o White House Launches New Innovation Office Focused on Tech
Washington, DC -- The White House late Monday announced the launch of its Office of American Innovation (OAI), which it said will aim to bring private-sector technology and data experience to the federal government. Headed by President Trump's son-in-law and senior advisor, Jared Kushner, the office will take input from prominent tech executives such as Apple CEO Tim Cook, Microsoft co-founder Bill Gates, Salesforce CEO Marc Benioff and Tesla founder and CEO Elon Musk. according to The Washington Post. The White House said the OAI will "make recommendations to the President on policies and plans that improve government operations and services, improve the quality of life for Americans now and in the future and spur job creation." According to Nextgov, it remains unclear what effect the new office will have on existing federal innovation groups, including 18F and the U.S. Digital Service, both created during the Obama administration.
https://www.whitehouse.gov/the-press-office/2017/03/27/presidential-memorandum-white-house-office-american-innovation
http://www.nextgov.com/cio-briefing/2017/03/trump-has-new-innovation-office-its-unclear-what-means-18f-and-usds/136502/?oref=nextgov_breaking_alert
https://www.washingtonpost.com/politics/trump-taps-kushner-to-lead-a-swat-team-to-fix-government-with-business-ideas/2017/03/26/9714a8b6-1254-11e7-ada0-1489b735b3a3_story.html?utm_term=.ef599a8febbb
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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!
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o Briefly Noted:
(Redwood City, Calif.) Redwood City-based SHIFTMobility, developer of a telematics-enabled platform connecting parts manufacturers, distributors, repair centers and vehicles, on Tuesday named Jeff Lagges as its chief sales officer. Lagges previously served as the president of AllData, which was acquired by AutoZone.
http://www.shiftmobility.com
http://finance.yahoo.com/news/former-alldata-president-jeff-lagges-131200336.html
(San Jose, Calif.) San Jose-based Silver Spring Networks, developer of an Internet-of-Things network and data platform for utilities, has named Catriona Fallon as its chief financial officer (CFO). She succeeds Ken Gianella, who held the role on an interim basis for the past nine months. Gianella will remain with the company as senior vice president of finance and treasurer. Fallon most recently served as the executive vice president and CFO of Marin Software, and previously held financial roles for Cognizant and HP.
https://www.silverspringnet.com
https://www.silverspringnet.com/article/press-release/silver-spring-networks-announces-catriona-fallon-chief-financial-officer/
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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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