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BAY AREA TECH WIRE -- May 8, 2017
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire
o San Francisco-Based Grammarly Raises $110 Million in First Round
o San Francisco-Based SiFive Lands $8.5 Million in Second Round
o Mountain View-Based Flex Logix Technologies Raises $5M in Second Round
o Report: Security Agencies to Spend $11B on Big Data Surveillance by 2022
> Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both
o Briefly Noted: PowerSphyr, RingCentral, Comcast
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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 San Francisco-Based Grammarly Raises $110 Million in First Round
San Francisco -- Grammarly, a San Francisco-based startup that uses machine learning and AI to help improve people's writing, said on Monday it has raised $110 million in its first institutional round of funding, led by General Catalyst. Breyer Capital, IVP, SignalFire and Spark Capital also participated. The company, which had been bootstrapped since its founding in 2009, said it will use the proceeds to expand its staff, which currently sits at 110. Grammarly's core communications assistant scans text in messages, documents and social media posts, making suggestions to help users improve their writing. Suggestions are designed to help users not only write correctly, but also structure their messages, adopt the right tone and choose words that their recipients will understand. The company said it has seen rapid growth since launching as a free service two years ago, and now counts 6.9 million daily active users. "Our product addresses a fundamental need -- improving communication and understanding," said CEO Brad Hoover. "We look forward to accelerating our growth and helping many more people in the coming years."
https://www.grammarly.com/
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o San Francisco-Based SiFive Lands $8.5 Million in Second Round
San Francisco -- SiFive, a San Francisco-based fabless provider of customized, open-source-enabled semiconductors, said on Monday it has landed $8.5 million in its second round of funding, led by Spark Capital. Osage University Partners and previous backer Sutter Hill Ventures also participated in the round, which increases the company's total funding to $13.5 million. SiFive was founded by Krste Asanovic, Yunsup Lee and Andrew Waterman, inventors of the open RISC-V instruction set architecture. SiFive said it has shipped more than 1,000 software development boards to developers over their first six months of availability. "This investment will enable our continued growth for years to come, and will allow SiFive to further establish that alternatives really matter in an era where traditional silicon vendors no longer are the most innovative in the industry," said Jack Kang, the company's vice president of product and business development. Todd Dagres, a general partner at Spark Capital, will join the company's board of directors.
http://www.sifive.com
https://www.sifive.com/posts/2017/05/08/sifive-secures-8-5-million-series-b-funding-to-advance-risc-v-based-semiconductors/
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o Mountain View-Based Flex Logix Technologies Raises $5M in Second Round
Mountain View, Calif. -- Flex Logix Technologies, a Mountain View-based supplier of embedded chip technology and software, said on Monday it has raised $5 million in its second round of funding, co-led by previous backers Lux Capital and Eclipse Ventures. The Tate Family Trust also took part in the round, which the company will use to expand its sales, applications and engineering teams. "With a large number of customers in active, detailed evaluation of our technology for a wide range of applications, we expect significant growth of our customer base in the near term," said CEO Geoff Tate. "As a result, we're staffing up `ahead of the curve' to ensure we can satisfy the demand." Three-year-old Flex Logix provides technology for reconfigurable RTL in chip and system designs using embedded FPGA IP cores and software. The company's said its platform reduces design and manufacturing risks, accelerates technology roadmaps and brings greater flexibility to customers' hardware.
http://www.flex-logix.com
http://www.prnewswire.com/news-releases/flex-logix-raises-5-million-in-series-b-funding-300452890.html
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o Report: Security Agencies to Spend $11B on Big Data Surveillance by 2022
Washington, DC -- Spurred by the rising use of smartphones, computers and other personal devices, homeland security and public safety organizations are expected to spend $11 billion on big data surveillance by 2022, according to a new report by Homeland Security Research Corp. (HSRC). The company said the sharp increase in data output is making it possible to track and analyze potential threats, leading to new opportunities for intelligence processing, exploitation, dissemination and analysis. HSRC said it expects the big data market to grow more than 20% annually in Europe and the Asia-Pacific region, particularly in China and Western Europe. The complete report is available at the link below.
http://homelandsecurityresearch.com/2016/11/big-data-data-analytics-market-homeland-security-public-safety-global-market-2017-2022/
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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:
(Danville, Calif.) Danville-based PowerSphyr, a developer of wireless power technology, on Monday named AJ ElJallad as its vice president of business development. ElJallad previously spent 12 years at ON Semiconductor, most recently as the company's senior manager of corporate strategy and business development.
http://www.powersphyr.com/newsroom/aj-eljallad-business-development/
(Belmont, Calif.) Belmont-based RingCentral, a developer of enterprise cloud communications and collaboration tools, on Monday named Derrell James as its senior vice president of professional services. James most recently served as the senior vice president of global strategic services at Avaya, and previously held senior leadership positions at Perot Systems, EMC and ACS.
https://www.ringcentral.com/whyringcentral/company/pressreleases/pressreleases-2017/ringcentral-appoints-derrell-james-as-svp-of-professional-servic.html
(Philadelphia) Cable giant Comcast said on Monday it has launched a new dashboard designed to help customers set up their home Wi-Fi networks, find their passwords, see what devices are connected, troubleshoot issues, set parental controls and pause Wi-Fi access. The tool, called Xfinity xFi, can be controlled through a mobile app, website or on the TV with the company's X1 voice remote.
https://www.xfinity.com/learn/internet-service/wifi
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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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