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BAY AREA TECH WIRE -- Aug. 28, 2017
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Inbox Summit East - Sept. 29 - DC
http://www.inboxsummiteast.com/
o In Surprise Move, Uber Hires Expedia Head Dara Khosrowshahi as New CEO
o Littelfuse to Acquire Milpitas-Based IXYS for $655 Million
o Foster City-Based MedGenome Raises $30 Million in Third Round
o Palo Alto-Based Entefy Raises $8 Million at $150 Million Valuation
o South San Francisco-Based Freenome Raises Additional $7 Million
o Amazon Completes $13.7 Billion Acquisition of Whole Foods Market
> Inbox Summit East - Sept. 29 - DC
o Briefly Noted: Pure Storage, Zenefits
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Inbox Summit East - Sept. 29 - DC
--Mid-Atlantic Marketing Summit - Baltimore - Sept 15
Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section
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o In Surprise Move, Uber Hires Expedia Head Dara Khosrowshahi as New CEO
San Francisco -- In a surprise move, embattled ride-hailing giant Uber has hired Expedia head Dara Khosrowshahi as its new CEO, according to several media reports. Khosrowshahi, who has led Expedia since its spinout from IAC in 2005, wasn't thought to be in the running, with HPE head Meg Whitman and GE head Jeff Immelt widely seen as frontrunners for the position. But according to The Washington Post, Khosrowshahi emerged over the weekend following a series of "frantic" meetings with the other two candidates. The San Francisco-based company's divided board ultimately turned to Khosrowshahi, an Iranian-American whose low-key and even-keeled personality stood in stark contrast to former CEO Travis Kalanick's. Uber's search for a new leader began in June, when Kalanick resigned following an investigation into the company's workplace culture. An internal report authored by former U.S. Attorney General Eric Holder recommended several changes amidst allegations of sexual harassment, discrimination and retaliation toward employees.
https://www.uber.com/
https://www.washingtonpost.com/news/the-switch/wp/2017/08/27/immelt-out-of-consideration-for-uber-ceo-job/
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o Littelfuse to Acquire Milpitas-Based IXYS for $655 Million
Milpitas, Calif. -- Littelfuse, a Chicago-based maker of circuit protection products, said on Monday it will acquire Milpitas-based IXYS, a developer of power semiconductors, solid state relays, high voltage integrated circuits and microcontrollers, in a cash and stock deal valued at $655 million. It will mark the largest acquisition in Littelfuse's 90-year history. IXYS counts more than 3,500 customers and generated $322 million in revenue last fiscal year. The combined company is expected to have annual revenues of approximately $1.5 billion. "IXYS will operate as the cornerstone of the combined companies' power semiconductor business," said Nathan Zommer, the chairman and CEO of IXYS. The deal is expected to close by the end of March.
http://www.littelfuse.com
http://www.ixys.com
http://www.businesswire.com/news/home/20170828005215/en/Littelfuse-Acquire-IXYS-Corporation
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o Foster City-Based MedGenome Raises $30 Million in Third Round
Foster City, Calif. -- MedGenome, a Foster City-based genomics research and diagnostics company, said on Monday it has raised $30 million in its third round of funding, co-led by Sequoia India and Sofina. Zodius Capital; Kris Gopalakrishnan, the co-founder and former CEO of Infosys; and former Cognizant CEO Lakshmi Narayanan also participated. The company said it will use the proceeds to accelerate its biomarker discovery programs and further develop its OncoPept suite of cancer immunotherapy biomarker tools. MedGenome has built the largest database of South Asian genetic variants. "Precision medicine is the ultimate goal of clinicians and patients alike, which can be enabled through extensive biomarker discovery," said Sam Santhosh, the company's founder, chairman and global CEO. "The next step -- drug target validation centers to bring treatments and cures to market faster."
http://www.medgenome.com
http://www.prnewswire.com/news-releases/medgenome-secures-30-million-series-c-funding-led-by-sequoia-india-and-sofina-300509740.html
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o Palo Alto-Based Entefy Raises $8 Million at $150 Million Valuation
Palo Alto, Calif. -- Entefy, the Palo Alto-based developer of a smart communications platform that uses artificial intelligence to help users interact with people, services and devices from a single application, said it has raised $8 million in its first round of funding, which valued the startup at $150 million. The company, which now has raised $17.7 million since its inception, said it will use the proceeds to help it move closer toward product launch, as well as to hire more staff. "We've created an advanced artificial intelligence platform that brings communication, search and security to a new level," said co-founder and CEO Alston Ghafourifar. "Internally, we've been using the core technology and expect private beta deployments."
https://www.entefy.com
https://blog.entefy.com/view/445/Entefy-Raises-Series-A-at-150-Million-Valuation
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o South San Francisco-Based Freenome Raises Additional $7 Million
South San Francisco -- Six months after initially closing its first round of funding, South San Francisco-based Freenome, a health technology company developing non-invasive disease screening products, said on Monday it has added an additional $7 million, increasing the round to newly $72 million. Section 32 led the new tranche, which also included investments from Anne Wojcicki, the co-founder and CEO of 23andMe, and other private and corporate investors. The company is using the funds to accelerate clinical trials, expand research and bring its disease screening products to market. Since 2014, Freenome has used combination of machine learning, biology and computer science to create disease screening assays. To date, the company has collaborated with more than 25 research partners, and is currently working with five pharmaceutical companies to validate its software as a potential solution for clinical trial stratification and precision prescribing. "Our mission is to help clinicians find signs of disease at their most manageable stages so that outcomes for people fighting deadly diseases like cancer improve," said co-founder and CEO Gabe Otte.
http://www.freenome.com
http://www.businesswire.com/news/home/20170828005295/en/Freenome-Announces-Series-Extension-Led-Section-32
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o Amazon Completes $13.7 Billion Acquisition of Whole Foods Market
Seattle -- As expected, online retail giant Amazon on Monday closed its $13.7 billion acquisition of upscale supermarket chain Whole Foods Market, immediately cutting prices on some items by as much as 43%. The price reductions came on a selection of grocery staples, such as varieties of fruit, vegetables, fish and dairy. Amazon also said that its technology team will begin to integrate Amazon Prime into the Whole Foods point-of-sale system, eventually allowing Prime members to receive special savings and in-store benefits. "We're determined to make healthy and organic food affordable for everyone," said Jeff Wilke, the CEO of Amazon Worldwide Consumer. Amazon plans to eventually start selling Whole Foods' private label products on its site, and will install its lockers in select stores.
https://www.amazon.com/b/ref=cihm_us_h1_00/?node=17235386011&pf_rd_p=99632a36-c620-4fdc-82a7-db424dd51876&pf_rd_r=KKZZG7M0AVNFYKNHKY00
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o Briefly Noted:
(Mountain View, Calif.) Mountain View-based Pure Storage, developer of an independent all-flash data platform, has named Charles Giancarlo as its new CEO. He succeeds Scott Dietzen, who has been named chairman. Giancarlo previously served as the managing director, head of value creation and later senior advisor at Silver Lake Partners. He also has been the interim president and CEO of Avaya and was the chief technology officer (CTO) and chief development officer at Cisco.
http://www.purestorage.com/company/news-and-events/press/q2_2018_announcement.html
(San Francisco) San Francisco-based Zenefits, developer of a digital human resources platform, on Monday named Beth Steinberg as its chief people officer. Steinberg previously held leadership positions at Facebook, BrightRoll (acquired by Yahoo), Sunrun and Electronic Arts.
https://www.zenefits.com/
http://www.businesswire.com/news/home/20170825005055/en/Zenefits-Names-Beth-Steinberg-Chief-People-Officer
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> 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.
http://www.inboxsummiteast.com/
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> 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.
http://mamsummit.com/
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