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BAY AREA TECH WIRE -- March 31, 2017
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire
o Santa Cruz-Based Looker Lands $81.5 Million in Fourth Round
o San Francisco-Based Raise.me Lands $12 Million in New Funding Round
o Santa Clara-Based JoyRun Raises $8.5M in First Round to Launch Nationwide
o Akamai Technologies to Acquire Mountain View-Based Soasta
o San Francisco-Based Eventbrite Acquires Event Ticketing Firm nvite
> The Shifting Sands of Employee Motivation
o Briefly Noted: DisruptForum, RealWear
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--The Shifting Sands of Employee Motivation
--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 Santa Cruz-Based Looker Lands $81.5 Million in Fourth Round
Santa Cruz, Calif. -- Looker, the Santa Cruz-based developer of a data platform designed to help users make better business decisions, said it has raised $81.5 million in its fourth round of funding, by CapitalG, the growth equity investment fund of Google-parent Alphabet. New investors Geodesic Capital and Goldman Sachs, as well as previous backers Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures and Sapphire Ventures also took part in the round, which increased the company's total funding to $177.5 million since 2013. Looker said it will use the latest proceeds to bolster product development and sales and marketing activities, and continue to expand internationally, including in the Asia Pacific region. The company now counts over 300 employees, after adding more than 100 throughout its five offices last year. Its customer list includes Sony, Amazon, The Economist, Kohler, Etsy, Lyft and Kickstarter.
https://looker.com/
http://www.businesswire.com/news/home/20170330005381/en/Looker-Announces-81.5-Million-Series-Funding-Led
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o San Francisco-Based Raise.me Lands $12 Million in New Funding Round
San Francisco -- Raise.me, the San Francisco-based developer of a platform aiming to expand access to college by earning incremental scholarship awards, said it has raised $12 million in a new round of funding, led by Redpoint Ventures. GSV Acceleration and previous backers Owl Ventures, First Round Capital and SJF Ventures also participated. Founded in 2012 and launched nationally two years later, Raise.me allows high school students to earn micro-scholarships from colleges for achievements such as earning A's in courses or participating in extracurricular activities. The total amount can then be used towards tuition if the student is accepted into the partner school. The more than 225 colleges using the platform include Northeastern, NYU, ASU, Oberlin, Penn State, Georgia Tech and Tulane. "By providing students with a way to plan for college earlier on in high school, both academically and financially, we're creating a more transparent, empowering system to help students achieve their college and career ambitions," said co-founder and CEO Preston Silverman.
https://www.raise.me/
https://www.raise.me/about
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o Santa Clara-Based JoyRun Raises $8.5M in First Round to Launch Nationwide
Santa Clara, Calif. -- JoyRun, the Santa Clara-based developer of a peer-to-peer platform for group deliveries to college campuses, said it has raised $8.5 million in its first round of funding and announced its nationwide launch. Floodgate led the round, which followed a $1.3 million seed round, led by Norwest Venture Partners. Both rounds included participation from Visionnaire Ventures, Morado Ventures, CrunchFund, Triplepoint Capital and angel investors. The company, which has been testing its concept in beta mode at 50 campuses since 2015, said it will use the funds to expand into all U.S. college campuses, as well as offices and neighborhoods later this year. JoyRun operates a social feed that matches buyers with locals planning to make runs to local eateries, coffee shops, hardware stores and other businesses in a given area. A mobile app lets buyers view, pay for and track their orders, as well as chat with others about potential runs. Drivers determine the delivery fees, which can be up to $5. "Today's delivery services are the black car version of Uber that serve just the technology hubs of San Francisco and New York," said co-founder and CEO Manish Rathi. "The world needs something that is not only convenient but cost-effective. We're building an entirely new category for the 99% by connecting and empowering local communities to foster their own UberPool-like service."
http://joyrun.com/
http://www.businesswire.com/news/home/20170330005323/en
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o Akamai Technologies to Acquire Mountain View-Based SOASTA
Mountain View, Calif. -- Akamai Technologies, a Massachusetts-based provider of content delivery network services, said it will acquire Mountain View-based SOASTA, developer of a digital performance management platform. Financial terms of the all-cash deal, expected to close early in the second quarter, were not disclosed. SOASTA's platform is designed to give businesses a holistic view of web site and application performance across both technology and business contexts. "This acquisition will provide Akamai customers, many of whom are already SOASTA customers, with a new way to measure and test the optimizations they are making to their sites, and validate the actual business impact of their site's performance," said SOASTA co-founder and CEO Tom Lounibos.
http://www.akamai.com
https://www.soasta.com
https://www.akamai.com/us/en/about/news/press/2017-press/akamai-agrees-to-acquire-soasta.jsp
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o San Francisco-Based Eventbrite Acquires Event Ticketing Firm nvite
Washington, DC -- Eventbrite, the San Francisco-based developer of an event ticketing platform, has acquired Washington, DC-based nvite, creator of an event ticketing, RSVP and guest management platform, Fortune reported on Friday, citing unnamed people familiar with the deal. Financial terms were not reported. nvite was founded by Marty Ringlein, Twitter's first design manager and a former White House Presidential Innovation Fellow. The company in 2014 raised a $1 million seed round, led by Crystal Tech Fund. nvite's platform lets event organizers build their own event pages or sell tickets directly through their own websites or blogs. Its free app allows event organizers to scan QR code tickets at the door, swipe credit cards for payments, manage attendees and track sales in real time.
https://nvite.com/
http://fortune.com/2017/03/31/term-sheet-friday-march-31/
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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:
(Morgan Hill, Calif.) DisruptForum has opened applications for its Specialized in South Bay pitch event, scheduled for June 2 in Morgan Hill. Themed "Innovation Goes Outside," the event will showcase 10 seed- and early-stage tech startups from wearables to IoT in the areas of sports, agri-business and enviro-tech. The deadline is April 21. Complete details are at the link below.
https://disruptaccelerator.com/
(Milpitas, Calif.) Milpitas-based RealWear, developer of a voice-powered, hands-free and rugged head-mounted tablet for industrial workers, said on Friday it has opened a new office in Vancouver, Wash. The company said the new office will handle key corporate functions as it prepares to launch its core HMT-1 product into general availability this July.
http://www.realwear.com
http://www.businesswire.com/news/home/20170330006271/en/RealWear-Announces-North-American-Expansion-Opens-Vancouver
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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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