Wednesday, July 12, 2017

Bay Area Tech Wire - July 12

BAY AREA TECH WIRE -- July 12, 2017
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Palo Alto's Deep Instinct Raises $32 Million in Second Round of Funding
o San Mateo-Based Lands $20 Million in New Funding Round
o Logitech to Acquire San Francisco-Based ASTRO Gaming for $85 Million
San Mateo-Based Applitools Raises $8 Million in New Funding
o Mountain View-Based Atheer Acquires SpaceView
o Briefly Noted:
Twitter, Accela, Bessemer Venture Partners

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Inbox Summit East - Sept. 29 - DC
--Senior Ruby Platform Engineer, Mountain View CA - $170k
--Mid-Atlantic Marketing Summit - Baltimore - Sept 15

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o Palo Alto's Deep Instinct Raises $32 Million in Second Round of Funding

Palo Alto, Calif. -- Deep Instinct, an Israeli deep learning cybersecurity startup with U.S. headquarters in Palo Alto, said on Wednesday it has raised $32 million in its second round of funding, led by Menlo Park's Columbus Nova Technology Partners (CNTP). NVIDIA, Coatue Management and several previous backers also participated. Deep Instinct's technology is designed to protect against unknown malware in real-time, across an organization's endpoints, servers and mobile devices. "We needed to raise significant capital to accelerate our deployments in the U.S. and global markets," said co-founder and CEO Guy Caspi. "Through this new infusion of capital, we will work towards augmenting many of the existing end-point solutions and replacing those that are failing under the test of new threats every day." Mohsen Moazami, founding managing director of CNTP, has joined the company's board of directors. 

o San Mateo-Based Lands $20 Million in New Funding Round

San Mateo, Calif. --, the San Mateo-based developer of a conversion intelligence platform for B2B sales teams, said on Wednesday it has raised $20 million in a new round of funding, co-led by Norwest Venture Partners and CheckPoint co-founder Shlomo Kramer. New investors Wing Venture Capital and NextWorld Capital also participated in what the company is calling its A1 round. Peter Wagner, founding partner at Wing, and Ben Fu, general partner at NextWorld, have joined the company's board of directors. Founded in 2015 by Amit Bendov and Eilon Reshef, has developed a platform that automatically records sales calls and video conferences, transcribes them, then uses AI and machine learning to analyze hundreds of data parameters within each call. It then provides users with actionable insights to help them improve their performance. "We will use the latest round of funding to hire dozens of developers and researchers to expand our product and to step up our sales, marketing and support activities," said Bendov, the company's CEO. 

o Logitech to Acquire San Francisco-Based ASTRO Gaming for $85 Million

Newark, Calif. -- Logitech International, the Swiss maker of personal peripherals with U.S. headquarters in Newark, said on Wednesday it will pay $85 million in cash to acquire San Francisco-based ASTRO Gaming, a developer of headsets for professional gamers and enthusiasts. The deal is expected to close in early August. Logitech said the acquisition will make it the largest maker of headsets, mice, keyboards and streaming webcams for PC and console gamers. "ASTRO is the leading player for premium console headsets and is the preferred headset for console esports athletes," said Ujesh Desai, the vice president and general manager of Logitech G. "It's a perfect complement to Logitech G's focus on PC gaming."

o San Mateo-Based Applitools Raises $8 Million in New Funding

San Mateo, Calif. -- Applitools, a San Mateo-based developer of AI-based automated visual testing and monitoring tools for mobile, web and native apps, said on Wednesday it has raised $8 million in a new round of funding, led by Sierra Ventures. Bessemer Venture Partners and previous backers Magma Venture Partners, iAngels and La Maison also took part in the round, which increased the company's total funding to $15 million. Tim Guleri, managing director of Sierra Ventures, has joined the company's board of directors. Launched in early 2015, Applitools' SaaS offering is designed to help test automation, DevOps and development teams release software flawlessly and automatically. Clients include American Express, Intuit, MasterCard, Bose, Sony, Salesforce, Slack, ServiceNow, Twilio, Wix and Siemens. "It's been an exciting few years since inception and the new funding will allow us to continue expanding our product offering and grow even faster," said CEO Gil Sever.

o Mountain View-Based Atheer Acquires SpaceView

Mountain View, Calif. -- Atheer, a Mountain View-based developer of augmented reality technology for industrial enterprises, said on Wednesday it has acquired Oregon-based SpaceView, a developer of technology designed to let clients combine their digital and physical work spaces. Financial terms of the deal were not disclosed. Atheer said the acquisition will allow it to offer enhanced ways to visualize and place 3D virtual objects in the real world, creating richer mixed reality experiences. "By bringing this new technology to our AiR products, we'll be able to give our customers the ability to build better mixed reality experiences across the broadest range of smart glass and other AR platforms," said founder and CEO Soulaiman Itani. SpaceView holds several patents relating to the representation of 3D objects in 2D environments.

Briefly Noted:

(San Francisco) San Francisco-based social media giant Twitter has named Ned Segal as its new chief financial officer (CFO), effective in late August. He will succeed Anthony Noto, who will continue as the company's chief operating officer after carrying out both roles since November. Segal most recently served as senior vice president of finance for the small business group at Intuit, and earlier was the CFO of RPX. (PDF)

(San Ramon, Calif.) San Ramon-based Accela, a developer of cloud-based productivity and civic engagement tools for government, said on Wednesday it has launched its first international Center of Excellence in Amman, Jordan. The company said the center, which initially will have 25 employees, demonstrates its commitment to partnerships with both the World Bank and the Kingdom of Jordan. 

(Menlo Park, Calif.) Menlo Park-based venture capital firm Bessemer Venture Partners (BVP) said on Wednesday it has promoted Andrew Hedin to vice president. Hedin, who has been with the firm since 2015 following a stint with F-Prime Capital, Fidelity's healthcare-focused venture capital fund, will continue to focus on early stage investing in healthcare technology, healthcare services, biotech and medtech companies. 

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> Sr. Ruby Platform Engineer, Mountain View, CA - $170k

We're looking for a top caliber engineer with experience in building a data platform at internet scale. Our client's platform interacts with multitude of health/fitness devices and apps real time data streams. The ideal candidate will have top-notch skills, and preferably has experience working on early stage consumer service platforms. This is an opportunity to be part of a promising early stage startup in the exciting digital health/fitness space and to drive a new generation health/fitness platform architecture. If you've got the right skills and passion, we want you! What you'll be doing: Architecting, building, testing and refining new products and services throughout the backend platform stack, including cache, workflow, controller, and data. Evolving various stack components to scale and address new service requirements. Designing and developing REST API and integration points for various platform services. Brainstorming and prototyping new concepts and approaches fast. Turning prototypes into real things Qualifications: Worked on large scale SOA consumer systems. Fluency in Ruby and Ruby on Rails. Experience with designing REST based API's for consumer based services. At least 5 years of experience designing and building backend software platforms. Expert knowledge in optimization and scalability using various technologies. Experience with MySQL and MongoDB. Able to design and write well-structured, easily maintainable, well-documented code that balances beauty and pragmatism. Demonstrable track record building distributed, clustered, high-throughput applications. Talent and drive to build a winning product and platform. A team player in a flat-structured, highly collaborative agile environment is a must. Strong academic background, preferably in Computer Science If interested, please email resume to


> Inbox Summit East - Sept. 29 - Washington, DC

Inbox Summit East is a one-day conference that puts a spotlight on the latest and most effective techniques for email marketing. With dozens of panels, presentations and networking opportunities, the summit in Washington, D.C. will take a deep dive into current developments in email marketing and email strategy. Topics will include: Email Deliverability Issues, Current Email Metrics, Integrating Email With Social and Mobile Platforms, Email Content, List Building and Maintenance, Personalized and Customer Centric Email, and the Future of Email.


> Mid-Atlantic Marketing Summit - Baltimore - Sept. 15

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.


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