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BAY AREA TECH WIRE -- May 25, 2017
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o S.F.-Based Unity Technologies Lands Funding Commitment of Up to $400M
o Emeryville-Based Tanium Raises $100 Million in New Funding
o San Francisco-Based Demandbase Lands $65 Million in New Funding Round
o San Francisco-Based Spin Lands $8 Million for High-Tech Bike Sharing
o Thomas Carson to Retire as TiVo's President and CEO
o Briefly Noted: Small Business Administration
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both
--Baird Global Technology Investment Banking
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o S.F.-Based Unity Technologies Lands Funding Commitment of Up to $400M
San Francisco -- Unity Technologies, the San Francisco-based maker of a development platform for creating 2D, 3D, virtual and augmented reality games and experiences, said it has landed an investment commitment of up to $400 million from Silver Lake. The company said it will use the proceeds to continue the expansion of its virtual and augment reality capabilities, as well as its core engine. Egon Durban, managing partner at Silver Lake, will join the company's board of directors. "We look forward to partnering with Silver Lake… to enhance Unity's next stage of growth, allowing us to accelerate the advance of augmented and virtual reality in both gaming and non-gaming markets and continue to democratize development," said CEO John Riccitiello. Developers currently use Unity's platform to create more than 90,000 unique apps a month, which are downloaded over 1.7 billion times a month. The company also has established 3D visualization and virtual and augmented reality partnerships with Facebook, Microsoft and Google, as well as non-gaming clients such as Gensler, NASA's Jet Propulsion Laboratory and Audi.
https://unity3d.com/
http://www.prnewswire.com/news-releases/silver-lake-announces-strategic-investment-in-unity-technologies-300463456.html
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o Emeryville-Based Tanium Raises $100 Million in New Funding
Emeryville, Calif. -- Tanium, the Emeryville-based developer of a platform that allows clients to quickly secure, control and manage millions of endpoints across the enterprise, said on Thursday it has raised $100 million in a new round of funding, led by TPG Growth. Previous backer IVP and several other investors also participated in the round, which valued the company at $3.75 billion. The company already has used some of the proceeds to repurchase shares from Tanium co-founder and Executive Chairman and David Hindawi, allowing him to fund charitable endeavors focused on early education and disadvantaged children. The balance will be used to provide liquidity to early employees and investors, as well as for general corporate purposes. Tanium now has raised $407 million since its inception. Other backers include Andreessen Horowitz, Geodesic Capital, T. Rowe Price, Franklin Templeton Investments and Citi Ventures.
http://www.tanium.com
http://www.businesswire.com/news/home/20170525005356/en/Tanium%E2%80%99s-Momentum-Continues-Latest-Raises-100-Million
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o San Francisco-Based Demandbase Lands $65 Million in New Funding Round
San Francisco -- Demandbase, the San Francisco-based developer of an account-based marketing platform that spans advertising, marketing, sales and analytics, said it has raised $65 million in a new round of funding, co-led by previous backer Sageview Capital and new investor Silver Lake Waterman. Previous backers Adobe Systems, Altos Ventures, Greenspring Associates, Scale Venture Partners, Sigma Partners and Split Rock Partners also participated. Demandbase, which now has raised more than $150 million since its inception, said it will use the latest proceeds to further develop its artificial intelligence and machine learning technology, as well as increase adoption of its platform. "Companies spend more than $40 billion every year marketing themselves digitally to other businesses. ABM provides a much more efficient way to laser-target the right accounts and better align marketing spend with sales activity, said CEO Chris Golec. "This additional financing will allow us to fast-track the innovation behind our AI-powered ABM solutions." Demandbase's platform is used by clients such as Accenture, Adobe, Dell, DocuSign, GE, Grainger, McKesson, Oracle and Salesforce to better attract, engage and sell to customers.
https://www.demandbase.com
https://www.demandbase.com/press-release/demandbase-raises-65-million-in-new-financing/
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o San Francisco-Based Spin Lands $8 Million for High-Tech Bike Sharing
San Francisco -- Spin, the San Francisco-based operator of a fleet of GPS-equipped bikes that can be unlocked by scanning a QR code, said on Thursday it has landed $8 million in its first round of funding. Menlo Park-based Grishin Robotics led the round, which included participation from Exponent and CRCM, along with Quora co-founder Charlie Cheever and Dropbox investor Matt Brezina. Spin said it will use the proceeds to accelerate hiring, expand deployment of its smart bikeshare system across several U.S. cities and build one of the largest dockless bikeshare fleets in the world. "We'll use this round to grow our supply chain, improve our hardware, and assemble a talented technical team to track and manage our bikeshare fleet at scale," said Zaizhuang Cheng, the company's co-founder and chief technology officer (CTO). Spin's orange-colored smart-bikes can be located through the company's mobile app, then unlocked and taken for a ride by scanning a QR code. The bikes are equipped with GPS, cellular connectivity, solar panels and solid tires designed for durability. Unlike traditional bikeshare systems, Spin's technology requires no fixed or specialized racks and allows bikes to be parked anywhere that is legal and responsible.
https://spin.pm
http://www.prnewswire.com/news-releases/spin-secures-8-million-series-a-funding-round-led-by-grishin-robotics-300463742.html
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o Thomas Carson to Retire as TiVo's President and CEO
San Carlos, Calif. -- TiVo, the San Carlos-based provider of digital video recorders and programming services, said that Thomas Carson will retire as its president and CEO upon the hiring of a successor. He has spent more than 11 years with the company and its predecessors, serving as president and CEO since 2011. Prior to September he had been the CEO of Rovi, which acquired TiVo for $1.1 billion and retained the company's name. "Under Tom's leadership the company has undergone a significant transformation; shedding underperforming assets, cutting cost, renewing major intellectual property licensing deals and acquiring TiVo," said Chairman Jim Meyer. TiVo said its board has launched a search for a replacement, and plans to consider both internal and external candidates. Carson will serve in an advisory role following his retirement.
http://www.tivo.com
http://www.businesswire.com/news/home/20170524006225/en/TiVo-President-CEO-Retire
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o Briefly Noted:
(Washington, DC) The Small Business Administration (SBA) has announced the appointment of four new associate administrators. The agency has named Peter Cazamias to the office of international trade, Robb Wong to the office of government contracting and business development, Allen Gutierrez to the office of entrepreneurial development, and Michael Hershey to the office of congressional and legislative affairs.
https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-administrator-linda-mcmahon-appoints-four-senior-executives
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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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