| ==========================================
BAY AREA TECH WIRE -- June 8, 2017
==========================================
Mid-Atlantic Marketing Summit - Baltimore - Sept 15 (Flash Sale)
http://www.mamsummit.com
o Mountain View-Based Addepar Raises $140 Million in Fourth Round
o Sunnyvale-Based Yahoo to Close Sale of Operating Business Next Week
o Redwood City-Based Citrine Informatics Lands $7.6 Million in First Round
o Pandora Puts KKR Deal on Hold While Exploring Other Interest
o San Francisco-Based Shortlist Raises $1.5 Million in Seed Funding
> 13 Workplace Communication Tips Today's Young People Need to Know
o Briefly Noted: Deep Instinct, Bertram Capital - Anord Control Systems
_____________________________________________
> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--13 Workplace Communication Tips Today's Young People Need to Know
--Mid-Atlantic Marketing Summit - Baltimore - Sept 15
Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section
Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com
_____________________________________________
o Mountain View-Based Addepar Raises $140 Million in Fourth Round
Mountain View, Calif. -- Addepar, the Mountain View-based developer of a financial operating system designed to give wealth advisors technology and data to advise complex clients, said on Thursday it has raised $140 million in its fourth round of funding, co-led by Valor Equity Partners, 8VC and QuantRes founder Harald McPike. The company said it will use the proceeds to bolster research and development and expand its product, platform and tech-enabled services. The financing comes on the heels of recent growth that has seen the company's assets spike from $300 billion to more than $650 billion in the past 18 months. Founded in 2009, Addepar has developed a technology platform to power its performance reporting product, and has opened APIs to integrate with complementary products. Co-founder Joe Lonsdale, also a co-founder of Palantir Technologies and partner at 8VC, said that the latest funding makes the company "poised to become the universal operating system to power global finance."
http://www.addepar.com
http://www.prnewswire.com/news-releases/addepar-raises-140-million-to-build-first-unified-platform-for-the-financial-world-300470741.html?tc=eml_cleartime
_____________________________________________
o Sunnyvale-Based Yahoo to Close Sale of Operating Business Next Week
Sunnyvale, Calif. -- Yahoo said it expects to complete the $4.48 billion sale of its operating business to Verizon Communications next Tuesday after shareholders on Thursday approved the deal. Following the close, the Sunnyvale-based company will change its name to Altaba. Verizon said it sees the deal, first announced last July, as the quickest path to bolster its presence in the digital advertising space. Highly publicized data breaches at Yahoo nearly derailed the sale, but the two sides in February agreed to new terms, lowering the price by $350 million and agreeing to share some legal and regulatory liabilities. Yahoo CEO Marissa Mayer recently said the transaction "will accelerate Yahoo's operating business especially on mobile, while effectively separating our Asian asset equity stakes."
https://finance.yahoo.com/news/yahoo-stockholders-approve-sale-yahoo-161700822.html
_____________________________________________
o Redwood City-Based Citrine Informatics Lands $7.6 Million in First Round
Redwood City, Calif. -- Citrine Informatics, the Redwood City-based developer of an artificial intelligence (AI) platform designed to help clients quickly create new materials and accelerate the product development cycle, said on Thursday it ahs landed $7.6 million in its first round of funding. Eric Schmidt's Innovation Endeavors, DCVC (Data Collective) and Prelude Ventures co-led the round, which also included participation from Jerry Yang's AME Cloud Ventures and XSeed Capital. "Materials development has traditionally lagged behind other elements of product innovation," said CEO Greg Mulholland. "Our AI technology enables our customers to launch faster than the competition, as well as gain significant market share and margin."
https://citrine.io/
https://citrine.io/2017/06/08/citrine-informatics-raises-7-6m-to-revolutionize-materials-driven-product-development-with-ai/
_____________________________________________
o Pandora Puts KKR Deal on Hold While Exploring Other Interest
Oakland -- A month after announcing a $150 million investment commitment from KKR, Oakland-based Internet radio service Pandora said on Thursday it has put the closing on hold while it explores interest expressed by an unspecified strategic investor. The company said the potential investor has made overtures about "making a substantial minority investment in Pandora, in lieu of the KKR investment." Pandora said that if it determines the KKR deal to be superior, it will "close immediately following the expiration of this extended period." Under that deal, the investment firm plans to buy $150 million of the company's convertible preferred stock. Pandora will have the option to increase the amount to $250 million if it chooses to issue additional shares.
https://www.pandora.com/
http://www.businesswire.com/news/home/20170608005484/en/Statement-Pandora-KKR-Agreement
_____________________________________________
o San Francisco-Based Shortlist Raises $1.5 Million in Seed Funding
San Francisco -- Shortlist, the San Francisco-based developer of a freelancer collaboration platform, said it has landed $1.5 million in a new round of seed funding. Participants included Impulse VC, FundersClub, Alchemist Accelerators and several angel investors, including Maciej Kranz, Cisco's vice president of innovation. The company offers a platform and related services that let companies use a single dashboard to view, organize, automate and manage a large network of external talent. Shortlist said it will use the funds to bolster its payment and tax offerings, helping customers automate freelancer and vendor payment operations. The company also plans to continue expanding its sales and marketing team in San Francisco. Shortlist, which has 15 employees, now has raised a total of $2.3 million after completing the Alchemist Accelerator program.
http://www.shortlist.co
http://www.prnewswire.com/news-releases/shortlist-raises-15-million-to-improve-freelancer-management-for-smb-and-enterprise-customers-300469981.html
_____________________________________________
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> 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/
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
_____________________________________________
o Briefly Noted:
(San Francisco) Deep Instinct, an Israeli deep learning cybersecurity with U.S. headquarters in San Francisco, has named Lane Bess as its executive chairman. Bass previously served as the president and CEO of Palo Alto Networks, chief operating officer (COO) of Zscaler and executive vice president of Trend Micro.
http://www.deepinstinct.com
https://www.benzinga.com/pressreleases/17/06/n9578133/lane-bess-appointed-to-be-executive-chairman-of-deep-instinct
(San Mateo, Calif.) San Mateo-based private equity firm Bertram Capital said on Thursday it has invested an unspecified amount in Ireland's Anord Control Systems, a provider of critical electrical power distribution and protection equipment for data centers, energy and industrial applications. The deal is Bertram's 16 platform investment, including its second in the critical power equipment industry.
http://www.anordcpi.com
http://www.bertramcapital.com
http://www.bertramcapital.com/news/2017-06-08-bertram-capital-announces-investment-in-anord-control-systems
===================================================
Job/Event/Services Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300
> 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/
_____________________________________________
> 13 Workplace Communication Tips Today's Young People Need to Know
Texting- and social media-obsessed Millennials aren't always prepared to navigate the business world, which primarily "runs" on email and face-to-face communication. Here, we share 13 dos and don'ts to help them communicate productively in the big leagues.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
_____________________________________________
> Advertising on Bay Area Tech Wire
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/
===================================================
Subscribe to other newsletters from Tech Wire Media Group:
Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com
Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com
News tips, press releases. Send email to:
editorial@bayareatechwire.com
Tech Wire Mailing Address:
P.O. Box 15180
Washington, DC 20003
Copyright: CapWire Inc. 2017
|  |
No comments:
Post a Comment