Thursday, May 11, 2017

Bay Area Tech Wire - May 11

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BAY AREA TECH WIRE -- May 11, 2017
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Sponsored By: Baird Global Technology Investment Banking
http://techservices.rwbaird.com/investment-banking/


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NFL Signs Multiyear Deal to Produce Programming Specifically for Twitter
o San Francisco-Based Sun Basket Lands $9.2M in Third Round Extension
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Santa Clara-Based IoTium Raises $8.4 Million in First Round of Funding
S.F.-Based Pocket Gems Lands New Investment from China's Tencent
> Baird Commentary: How the IoT Revolution Is Driving Consolidation
o
Briefly Noted:
Steep Hill, Evergent Technologies
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--Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both
--Baird Global Technology Investment Banking

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o NFL Signs Multiyear Deal to Produce Programming Specifically for Twitter

San Francisco -- Building on its four-year relationship with the social media giant, the National Football League (NFL) said on Thursday it has signed a multiyear deal to produce live programming and video-on-demand content specifically for San Francisco-based Twitter. The deal will include a live 30-minute show airing on the social media platform five times a week during the NFL season, as well as live pre-game coverage and a range of video clips. Twitter has collaborated with the NFL since 2013, and last year landed the rights to stream Thursday Night Football games online. "Twitter continues to be an important partner in accessing millions of highly engaged fans on digital media," said Brian Rolapp, the NFL's chief media and business officer. "We have every expectation that the new daily live show, produced by NFL Network and featuring some of our top analysts, will quickly become some of the most popular programming on Twitter."
https://nflcommunications.com/Pages/National-Football-League-and-Twitter-Partner-on-Live-Programming.aspx 
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o San Francisco-Based Sun Basket Lands $9.2M in Third Round Extension

San Francisco -- Sun Basket, the San Francisco-based developer of a web-based meal kit service focused on organic and non-GMO ingredients, said on Thursday it has landed $9.2 million in an extension of its third round. Unilever Ventures led the tranche, which also included participation from Baseline Ventures and Founders Circle Capital. The company, which now has raised $24.2 million in the round and $52 million since its inception, said it will use the latest funds to expand nationally. Adam Zbar, the co-founder and CEO of Sun Basket, said the relationship with Unilever Ventures -- which holds stakes in companies such as Instacart, Clavis Insight, Blis, Gousto, Illuminage, Mirriad, Big Sync Music, Froosh, Nutrafol and Blow -- will "help accelerate our product and user acquisition roadmap by leveraging their unrivaled expertise in CPG marketing, distribution and logistics."
http://www.sunbasket.com 
http://www.prnewswire.com/news-releases/unilever-ventures-backs-sun-basket-leading-series-c-2-funding-300455772.html 
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o Santa Clara-Based IoTium Raises $8.4 Million in First Round of Funding

Santa Clara, Calif. -- IoTium, a Santa Clara-based provider of network infrastructure for the Industrial Internet of Things (IIoT), said on Thursday it has raised $8.4 million in its first round of funding, co-led by March Capital Partners and GE Ventures. Other participants included Pankaj Patel, the former executive vice president and chief development officer of Cisco; OpenSource Ventures; and Juniper Networks. The company said it will use the proceeds to bolster its standing in the building and industrial automation verticals, as well as expand its footprint in the oil and gas, transportation and smart city industries with its new Network as a Service (NaaS) offering. "The biggest problem impacting the uptake of the IIoT at scale is security and deployment complexity," said founder and CEO Ron Victor. "With the help of our new investment partners, we are enabling the expansion of IIoT by making it possible for any type of organization to securely connect legacy mission critical industrial assets to the cloud with minimal IT intervention and absolutely no changes to enterprise security policy."
http://www.iotium.io 
http://www.iotium.io/iotium-raises-8-4-million-in-series-a-to-secure-network-infrastructure-for-the-industrial-iot/ 
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o S.F.-Based Pocket Gems Lands New Investment from China's Tencent

San Francisco -- Pocket Gems, a San Francisco-based developer of original mobile games and interactive entertainment, said on Thursday it has landed a new investment from Tencent, a Chinese Internet services provider. Financial terms of the deal, which comes two years after Tencent initially invested in the company, were not disclosed. Pocket Gems will continue to operate independently, with Tencent and Sequoia Capital both remaining as minority investors. Pocket Gems said it will utilize the latest proceeds to support major expansions for the Episode and War Dragons communities, as well as the upcoming launch of its new studio building 3D synchronous multiplayer mobile games for hardcore gamers. Ben Liu, the CEO of Pocket Gems, said the deeper partnership with Tencent "will help us become one of the great developers of mobile games and interactive entertainment in the world." Pocket Gems' titles have been downloaded more than 300 million times across iOS and Android platforms.
https://pocketgems.com/ 
http://www.prnewswire.com/news-releases/pocket-gems-continues-successful-strategy-of-mobile-category-creation-receives-additional-investment-from-tencent-300456201.html
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Baird Commentary: How the IoT Revolution Is Driving Consolidation

In a recent commentary on the ever-evolving Internet of Things (IoT) revolution, Baird's senior technology bankers discuss how the proliferation of IoT-enabled software and services and ongoing industry consolidation.

Today's sophisticated IoT software and systems not only connect disparate devices, they collect, verify and cleanse data -- diminishing the long-time challenge of cutting through "noise" inherent to data aggregation and facilitating in-depth analysis and application of the collected information into actionable intelligence. This IoT revolution is quickly catching up to its hype by transforming businesses across many sectors. The value of IoT technology has become imperative, and growing demand is fueling tremendous acquisition interest from a diverse range of buyers, pushing competition higher and accelerating consolidation in the space.

Read Baird's insights into this rapidly evolving space and the related M&A activity:

http://www.rwbaird.com/news/Unlocking-Intelligence 

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o Briefly Noted:

(Berkeley, Calif.) Berkeley-based Steep Hill, a developer of tools and services for cannabis science, testing and analytics, said on Thursday it has raised $2 million in a new round of funding. Identities of the investors were not disclosed. The nine-year-old company said it will use the proceeds to scale operations and increase the size of its staff.
http://www.steephill.com 
http://www.prnewswire.com/news-releases/steep-hill-closes-2-million-investment-round-300455885.html 

(Sunnyvale, Calif.) Sunnyvale-based Evergent Technologies, a developer of subscriber and partner management tools for cloud video service providers, has named Paul Finster as its senior vice president of global solutions. Finster most recently served as the head of North American solutions architecture at Accenture. The company also said it has opened a new office in Los Angeles.
http://www.evergent.com/news.php 

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> Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both

Why do I have a hard time getting my employees to listen? Why do I struggle to inspire and motivate them? How can I motivate my employees while driving strong financial results? Many of today's leaders ask themselves these same questions. Here, we share three tips to become more "bankable."
http://www.fairfaxcountyeda.org/bay-area-tech-wire

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> Baird Commentary: How the IoT Revolution Is Driving Consolidation

In a recent commentary on the ever-evolving Internet of Things (IoT) revolution, Baird's senior technology bankers discuss how the proliferation of IoT-enabled software and services and ongoing industry consolidation. Today's sophisticated IoT software and systems not only connect disparate devices, they collect, verify and cleanse data -- diminishing the long-time challenge of cutting through "noise" inherent to data aggregation and facilitating in-depth analysis and application of the collected information into actionable intelligence. This IoT revolution is quickly catching up to its hype by transforming businesses across many sectors. The value of IoT technology has become imperative, and growing demand is fueling tremendous acquisition interest from a diverse range of buyers, pushing competition higher and accelerating consolidation in the space. Read Baird's insights into this rapidly evolving space and the related M&A activity: http://www.rwbaird.com/news/Unlocking-Intelligence 

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