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BAY AREA TECH WIRE -- May 22, 2017
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire
o San Francisco-Based Lemonaid Health Raises $11 Million in First Round
o Berkeley-Based Other Machine Acquires by Co-Founder of MakerBot
o Emeryville-Based Tanium Names Chris Bream as New CTO
o Survey: Tech Adoption Climbs Among Older Adults
> Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both
o Briefly Noted: Marketo, Cloudera
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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 San Francisco-Based Lemonaid Health Raises $11 Million in First Round
San Francisco -- Lemonaid Health, the San Francisco-based developer of a telemedicine platform that augments physicians with clinical algorithms, said on Monday it has raised $11 million in its first round of funding, co-led by Novartis Venture Fund and Hikma Ventures. Correlation Ventures, Adaptive Healthcare Fund, Vega Ventures and 415 Ventures also participated. "This new capital will accelerate our development of future product capabilities while expanding Lemonaid's operating footprint," said co-CEO Paul Johnson. "We're using technology to augment physicians' ability to provide standardized and streamlined quality care at scale." Now available in 14 states, Lemonaid's online platform is designed to let users quickly get care for conditions like acid reflux, erectile dysfunction, flu, hair loss and urinary tract infections, as well as access birth control medication. If appropriate, the company's board-certified doctors recommend a treatment and send a prescription to the pharmacy of choice.
http://www.lemonaidhealth.com
https://blog.lemonaidhealth.com/2017/05/lemonaid-raises-11-million/
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o Berkeley-Based Other Machine Acquires by Co-Founder of MakerBot
Berkeley, Calif. -- Other Machine, a Berkeley-based maker of rapid prototyping tools for electrical and mechanical design engineers and educators, said on Monday it has been acquired by Bre Pettis, the co-founder and former CEO of MakerBot and current head of Bre & Co. Financial terms of the deal were not disclosed. Current CEO Danielle Applestone will continue to lead the company. Other Machine is the developer of The Othermill Pro, a $3,100 machine that can mill circuit boards, carve complex 3D shapes in metal, wood and other materials, make molds and engrave a variety of materials. The tool is designed to let users rapidly build prototypes, as well as build and test complete circuit boards in a single day.
https://othermachine.co/
http://www.businesswire.com/news/home/20170522005985/en/Machine-Acquired-Bre-Pettis-CEO-Co-Founder-MakerBot
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o Emeryville-Based Tanium Names Chris Bream as New CTO
Emeryville, Calif. -- Tanium, an Emeryville-based developer of endpoint security and systems management technology, on Monday named Chris Bream as its new chief technology officer (CTO). Bream most recently served as the director of product security at Facebook, and previously was a director at Mandiant. He succeeds co-founder and CEO Orion Hindawi, who had held both roles for more than a year. "More than anyone, Chris knows first-hand what keeps our customers up at night and this is precisely why Chris will lead us into the next chapter of realizing our ambitious technical vision," said Hindawi. The move comes a month after Tanium named Fazal Merchant as its chief operating officer (COO) and chief financial officer (CFO).
http://www.tanium.com
http://www.businesswire.com/news/home/20170522005843/en/Tanium-Announces-Chris-Bream-Chief-Technology-Officer
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o Survey: Tech Adoption Climbs Among Older Adults
Washington, DC -- American seniors are moving towards more digitally connected lives, according to a new survey from Pew Research Center. The organization said that 42% of adults ages 65 and older now report owning smartphones, up from just 18% in 2013. In addition, 67% use the Internet -- a 55% increase in just under two decades -- and for the first time, half of older Americans now have broadband at home. The analysis, however, also showed that many seniors remain largely disconnected from the digital revolution, with a third saying they never use the Internet and roughly half saying they don't have home broadband services. "Older Americans have consistently been late adopters to new digital technology, but seniors are deepening their experiences with various forms of technology," said Monica Anderson, lead author and research associate at Pew. "And while older adults may face unique barriers to using and adopting new technologies, once seniors are online, they tend incorporate the Internet and online activities into their everyday lives." The full report is at the link below.
http://www.pewinternet.org/2017/05/17/tech-adoption-climbs-among-older-adults/
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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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o Briefly Noted:
(San Mateo, Calif.) San Mateo-based Marketo, a developer of engagement marketing software, on Monday named Manoj Goyal as its chief product officer (CPO). Goyal most recently served as the chief operating officer (COO) at Velocify, and previously served as the vice president of engineering at OpenX. In his new role, he will oversee the company's product and engineering teams responsible for its Marketo Engagement Platform.
http://www.marketo.com
http://www.prnewswire.com/news-releases/manoj-goyal-joins-marketo-as-chief-product-officer-300460981.html
(Palo Alto, Calif.) Palo Alto-based Cloudera, developer of an open source platform for machine learning and advanced analytics, on Monday named Kim Hammonds and Mike Stankey to its board of directors. Hammonds is a member of the management board and group chief operating officer at Deutsche Bank, and Stankey is the vice chairman of Workday.
https://www.cloudera.com
http://www.prnewswire.com/news-releases/kim-hammonds-and-mike-stankey-join-cloudera-board-of-directors-to-broaden-industry-insight-and-advise-newly-public-company-300461195.html
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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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