Wednesday, May 31, 2017

Bay Area Tech Wire - May 31

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BAY AREA TECH WIRE -- May 31, 2017
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Mid-Atlantic Marketing Summit - Baltimore - Sept 15 (Flash Sale)
http://www.mamsummit.com


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San Mateo-Based Frame Raises $16 Million in New Funding Round
o San Francisco-Based Carrum Health Lands $6.5 Million in Seed Funding
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Salesforce Launches New $50M Fund Targeting Cloud Consulting Firms
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SoftBank Buys "Significant" Minority Stake in San Leandro-Based OSIsoft
o San Francisco's OnePulse Raises $2 Million in New Seed Funding
> Mid-Atlantic Marketing Summit - Baltimore - Sept 15 (Flash Sale)
o Briefly Noted:
Hitachi Data Systems, Ryft, Proterra
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

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Mid-Atlantic Marketing Summit - Baltimore - Sept 15
--Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both
--Baird Global Technology Investment Banking

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 Mateo-Based Frame Raises $16 Million in New Funding Round

San Mateo, Calif. -- Frame, the San Mateo-based developer of a cloud workspace platform, said it has raised $16 million in a new round of funding, increasing the company's total backing to $32 million since its founding in 2012. Bain Capital Ventures, Microsoft Ventures and In-Q-Tel participated, along with previous investor CNTP. Frame delivers virtual applications and desktops to any device using cloud services such as Microsoft Azure and Amazon Web Services. The platform is designed to let customers create purpose-built cloud workspaces and connect them with other cloud services, like identity and storage. Current users include Adobe, Autodesk, HP, Siemens and a number of public sector organizations. "Until now, desktop virtualization was a powerful idea that rarely delivered a great user experience. It was too slow, complicated and inflexible," said founder and CEO Nikola Bozinovic. "Frame is the first solution that truly delivers on the promise of desktop virtualization in the cloud." Salil Deshpande, managing director from Bain Capital Ventures, has joined the company's board of directors.
https://fra.me/ 
http://www.marketwired.com/press-release/frame-secures-16m-new-funding-from-bain-capital-ventures-microsoft-ventures-in-q-tel-2216980.htm 
https://blog.fra.me/five-years-ago-we-had-an-idea-and-a-simple-demo-6207f0bef1e5 
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o San Francisco-Based Carrum Health Lands $6.5 Million in Seed Funding

San Francisco -- Carrum Health, the San Francisco-based developer of a bundled payment platform for employers, said on Wednesday it has raised $6.5 million in a new round of seed funding, led by Wildcat Venture Partners. SJF Ventures and SpringRock Ventures also took part in the round, which the company will use to bolster its platform with additional acute care bundles in orthopedic, spine and cardiac, and adding key service lines such as bariatrics and maternity. Carrum's platform is designed to connect self-insured employers to regional healthcare providers through standard bundled payment arrangements. "We're excited about this funding because it positions us to meet the demands of current and future customers by expanding our bundled payment offerings," said CEO Sachin Jain. "This capital will also go towards further enhancing our technology and operations platform while improving our analytical insight capabilities."
http://www.carrumhealth.com
http://www.prnewswire.com/news-releases/carrum-health-receives-65-million-in-seed-funding-300464719.html 
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o Salesforce Launches New $50M Fund Targeting Cloud Consulting Firms

San Francisco -- Salesforce, the San Francisco-based customer relationship management giant, on Wednesday announced a new $50 million fund for its investment arm, Salesforce Ventures. The new SI (system integrator) Trailblazer Fund will make investments in cloud consulting firms, and already has invested in a handful, including 7Summits, Arxxus and ATG. In conjunction with the fund, Salesforce said it has launched what it is calling its "SI Trailblazer Alliance Initiative," which will provide portfolio companies with access to a range of resources, training and tools. "Consulting firms play a pivotal role in the Salesforce ecosystem, implementing Salesforce solutions that meet the needs of customers of all sizes, industries and geographies," said John Somorjai, the company's executive vice president of corporate development and Salesforce Ventures. "This new fund will foster the next-generation of Sis."
http://www.salesforce.com
http://www.prnewswire.com/news-releases/salesforce-announces-new-50-million-si-trailblazer-fund-from-salesforce-ventures-300465891.html 
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o SoftBank Buys "Significant" Minority Stake in San Leandro-Based OSIsoft

San Leandro, Calif. -- OSIsoft, the San Leandro-based developer of an open enterprise infrastructure designed to connect sensor-based data, systems and people, said on Wednesday that Softbank Group has acquired a "significant" minority stake in the company. Financial terms of the deal were not disclosed. As part of the investment, OSIsoft and SoftBank will collaborate on developing new products and services focused on digital transformation and the Industrial Internet of Things (IIoT), while also strengthening OSIsoft's presence in new markets. "Collaborating with SoftBank will enable us to bring the concept of data infrastructure to more markets like telecommunications as well as strengthen our commitment to our customers," said founder and CEO Patrick Kennedy. SoftBank purchased its stake from Kleiner Perkins Caufield & Byers, TCV and Tola Capital. Kleiner Perkins and TCV first invested in OSIsoft in 2011 while Tola invested in 2012. Mitsui & Co., which last year also invested in OSIsoft, will maintain its ownership stake.
http://www.osisoft.com/
http://www.softbank.jp/en
http://www.businesswire.com/news/home/20170531005594/en/OSIsoft-Announces-SoftBank-Investment
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o San Francisco's OnePulse Raises $2 Million in New Seed Funding

San Francisco -- OnePulse, the U.K.-based developer of a consumer insight app with North American headquarters in San Francisco, said on Wednesday it ahs secured just over $2 million in new seed funding ahead of its summer launch in the U.S. Next 15 and Foundation Capital co-led the round, which follows a previous $1 million round co-led by Beacon Capital and BBH ZAG. OnePulse is the creator of a digital platform designed to produce real-time consumer insights for use in market research. The platform lets businesses connect with consumers by building branded communities and also accessing the company's general user community. OnePulse said the U.S. represents the next step in its aggressive international expansion plan, and has initiated plans to raise its first round of funding. Current clients include Aviva, Publicis, Saatchi & Saatchi, Marks & Spencer, Coca-Cola and KFC.
https://www.onepulse.com/ 
http://www.prnewswire.com/news-releases/consumer-insight-app-onepulse-closes-3-million-seed-funding-round-ahead-of-united-states-launch-300465876.html  
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> Mid-Atlantic Marketing Summit - Baltimore - Sept. 15 (Flash Sale)

The Mid-Atlantic Marketing Summit: Baltimore will be held on Sept. 15 at Pier 5 Hotel in Baltimore. Now in its sixth year, the annual summit has become the "must-attend" marketing event for the Mid-Atlantic region and beyond. The summit brings together 300+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from throughout the Mid-Atlantic area. The event features dozens of case studies, keynotes, and presentations on the most important issues facing marketers in 2018.

http://mamsummit.com/

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o Briefly Noted:

(Santa Clara, Calif.) Santa Clara-based Hitachi Data Systems (HDS), a unit of the Japanese electronics giant focused on data and analytics tools, on Tuesday named David Funk as the general counsel and corporate secretary of Hitachi Data Systems Federal (HDS Federal). He succeeds Monica DeNeale, who recently was named vice president and Americas general counsel of HDS. Funk most recently served as the general counsel and director of contracts at Govplace.
http://www.hdsfed.com
http://www.businesswire.com/news/home/20170531005109/en/Hitachi-Data-Systems-Federal-Appoints-General-Counsel

(San Jose, Calif.) Brian Marlier, the senior vice president of global architectures and enterprise transformation at San Jose-based Cisco Systems, on Wednesday was named to the board of Maryland-based Ryft, developer of a platform designed to accelerate business analytics powered by cloud, hybrid and on-premises platforms. Marlier leads the Cisco team responsible for selling complex technical transformations to large customers.
https://www.ryft.com/cisco-global-sales-executive-brian-marlier-joins-ryft-board-directors/ 

(Burlingame, Calif.) Burlingame-based Proterra, a developer of zero-emission heavy-duty electric vehicles, on Wednesday named Amy Ard as its chief financial officer (CFO). Ard most recently served as the CFO of AMG Advanced Metallurgical Group (AMG), which she took through a $275 million initial public offering (IPO). Proterra raised $140 million in its fifth round of funding in January.
http://www.proterra.com
http://www.prnewswire.com/news-releases/former-chief-financial-officer-of-amg-amy-ard-joins-proterra-as-cfo-300465991.html 

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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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> Mid-Atlantic Marketing Summit - Baltimore - Sept. 15 (Flash Sale)

The Mid-Atlantic Marketing Summit: Baltimore will be held on Sept. 15 at Pier 5 Hotel in Baltimore. Now in its sixth year, the annual summit has become the "must-attend" marketing event for the Mid-Atlantic region and beyond. The summit brings together 300+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from throughout the Mid-Atlantic area. The event features dozens of case studies, keynotes, and presentations on the most important issues facing marketers in 2018.
http://mamsummit.com/

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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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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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