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BAY AREA TECH WIRE -- Sept. 15, 2017
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Inbox Summit East - Sept. 29 - DC
http://www.inboxsummiteast.com/
o San Jose-Based Pixelworks to Cut 15% of Total Workforce
o S.F.-Based Piper Lands $7.6 Million to Expand STEM Toys for Kids
o Kudos&Co. Moves Headquarters to Palo Alto, Raises $5.7M in Seed Funding
o Digital Realty Completes Merger with DuPont Fabros Technology
o San Francisco-Based Carrot Fertility Lands $3.6 Million in Seed Funding
> Inbox Summit East - Sept. 29 - DC
o Briefly Noted: Splunk, FireEye, Pramata
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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
Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com
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o San Jose-Based Pixelworks to Cut 15% of Total Workforce
San Jose, Calif. -- Six weeks after completing its acquisition of ViXS Systems, San Jose-based Pixelworks, a developer of visual display processing tools, said on Friday it plans to cut about 15% of its total workforce. Cuts will be focused on the areas of development, operations, sales and administration, saving the company approximately $4 million a year in compensation expenses. "Today's announced actions appropriately align Pixelworks' operating expenses and strategic initiatives, as we aggressively pursue our near- to intermediate-term growth and profitability objectives," said Todd Debonis, Pixelworks' president and CEO. The integration process is expected to be completed by year-end, which we believe will result in further cost benefits."
http://www.pixelworks.com
http://www.businesswire.com/news/home/20170914006280/en/Pixelworks-Streamlines-Organization-Acquisition-ViXS-Systems
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o S.F.-Based Piper Lands $7.6 Million to Expand STEM Toys for Kids
San Francisco -- Piper, the San Francisco-based STEM education company behind a popular DIY computer kit for kids, said it has raised $7.6 million in its first round of funding, led by Owl Ventures. Other participants included previous backers Reach Capital and Stanford's StartX fund, as well as a new investor Charles Huang, the co-founder of Guitar Hero. The company said it will use the proceeds to develop an expanded ecosystem of products designed to help children expand their STEM skills. Co-founder and CEO Mark Pavlyukovskyy called Owl Ventures,a VC fund focused on the edtech sector, "the perfect partner to help battle the passive screen time consumption epidemic, as we bring Piper to more kids, both in school and at home."
https://www.buildpiper.com/
http://press.buildpiper.com/press_releases/boprcdfz/piper-series-a-funding-announcement
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o Kudos&Co. Moves Headquarters to Palo Alto, Raises $5.7M in Seed Funding
Palo Alto, Calif. -- Kudos&Co., developer of a safer social media platform for kids, said on Friday it has moved its headquarters from Norway to Palo Alto and raised $5.7 million in seed funding. Identities of the investors were not disclosed. The company said it will use the proceeds to increase business development and marketing efforts and continue to expand its engineering and leadership teams. Launched in 2014 in beta, Kudos&Co is developing a platform that brings together the social features that kids enjoy in a monitored and more secure environment than other current options. "We are committed to creating a kid-driven community where users are encouraged to create, connect and share with other kids around the world," said co-founder and CEO Ole Vidar Hestaas. "We look forward to expanding the capabilities of our platform and bringing positive sharing to the global stage." Kudos' free app is available for download in the App Store and on Google Play.
http://www.kudos.com
http://www.businesswire.com/news/home/20170915005308/en/KudosCo-Launches-Social-Media-Experience-Built-Kids
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o Digital Realty Completes Merger with DuPont Fabros Technology
San Francisco -- Digital Realty, a San Francisco-based owner and operator of data centers, said on Friday it has completed its acquisition of Washington, DC-based counterpart DuPont Fabros Technology in an all-stock deal valued at $7.6 billion. Digital Realty said the acquisition, first announced in June, will bolster its presence in high-demand metro areas and add several blue-chip clients. DuPont Fabros operates 12 data centers concentrated across Northern Virginia, Chicago and Silicon Valley. In conjunction with the merger closing, Digital Realty has named former DuPont Fabros board members Michael Coke and John Roberts Jr. to its board of directors.
https://www.digitalrealty.com/
http://www.dft.com
http://www.prnewswire.com/news-releases/digital-realty-completes-merger-with-dupont-fabros-300520007.html
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o San Francisco-Based Carrot Fertility Lands $3.6 Million in Seed Funding
San Francisco -- Carrot Fertility, a San Francisco-based startup that aims to make it easier and more affordable for companies to offer egg freezing and in-vitro fertilization as a workplace benefit, said it has raised $3.6 million in a new seed round, led by SoftTech Ventures. Maven Ventures, Precursor Ventures, Sound Ventures, Sherpa Ventures, Core VC, Founders Fund, Y Combinator and angel investors also participated. "Modern companies know that fertility care is a core part of health programs at work," said Tammy Sun, the company's co-founder and CEO. "The old way of offering IVF benefits only for infertility treatment no longer fits the diverse ways people proactively manage fertility health through basic check-ups, egg freezing, IVF for LGBTQ family-building and more." Employees who want Carrot at work sign-up on the company's website, then receive instructions and support for how to bring the product into their companies. Human resources leaders are able to carve-out, customize and self-fund fertility care for their employees through a direct reimbursement model. Employees then use Carrot to text, video and voice chat with fertility experts, access personalized recommendations and order medication.
http://www.get-carrot.com
http://www.prnewswire.com/news-releases/carrot-fertility-raises-36-million-to-make-egg-freezing-in-vitro-fertilization-easier-and-more-affordable-300519420.html
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o Briefly Noted:
(San Francisco) San Francisco-based Splunk, developer of a software platform for real-time operational intelligence, has named Sara Baack and Elisa Steele to its board of directors. Baack is the chief marketing officer (CMO) of Equinix and Steele is the former president and CEO of Jive Software. Director David Hornik has retired from the board.
https://www.splunk.com/en_us/newsroom/press-releases/2017/splunk-announces-appointment-of-sara-baack-and-elisa-steele-to-its-board-of-directors.html
(Milpitas, Calif.) Milpitas-based FireEye, developer of a virtual machine-based security platform designed to help stop cyber attacks, has named Robert Switz to its board of directors. Switz is the former chairman, president and CEO of ADC Telecommunications.
https://www.fireeye.com/company/press-releases/2017/veteran-senior-management-and-finance-executive-robert-switz--jo.html
(Brisbane, Calif.) Brisbane-based Pramata, developer of a platform designed to operationalize the details of commercial relationships so that sales, legal operations and finance teams get a complete view of customers, suppliers and partners, has named Patrick Quirk as its executive chairman. Quirk previously served as the CEO of Emptoris, senior vice president of worldwide sales at GoldenGate Software and general manager and group vice president of PeopleSoft's Enterprise Supply Chain Management division.
https://www.pramata.com/tech-industry-executive-chairman-release
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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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