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BAY AREA TECH WIRE -- Sept. 20, 2017
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Sponsored By: Baird - A Global Leader in Technology Banking
http://techservices.rwbaird.com/investment-banking/
o San Jose-Based Vexata Launches After Raising $54 Million in Funding
o San Francisco's Digital Shadows Raises $26 Million in Third Round
o Palo Alto-Based Matroid Lands $10 Million in First Round of Funding
o Palo Alto's 8fit Raises $10 Million in First Round for Health and Wellness App
o San Francisco-Based Webgility Secures $6.4 Million in First Round
> Baird - A Global Leader in Technology Banking
o Briefly Noted: MapD Technologies, Bertram Capital - Spectrio
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o San Jose-Based Vexata Launches After Raising $54 Million in Funding
San Jose, Calif. -- Following nearly four years in semi-stealth mode, San Jose-based Vexata said on Wednesday it has officially launched operations after raising $54 million in a new round of funding. Mayfield, Intel Capital, Lightspeed Ventures and Redline Capital participated. The company also unveiled its Active Data Fabric, a software-defined solid-state data storage infrastructure designed to increase the performance and scale of data-intensive business applications. The product is based on the Vexata's storage operating system, called VX-OS, which the company said utilizes the latest solid-state media, such as NVMe Flash and 3D XPoint SSDs, without compromising resiliency and data management services. "Our goal was to develop a data infrastructure solution that would simply and cost-effectively meet the I/O performance at-scale demands of applications fueling digital businesses," said co-founder and CEO Zahid Hussain.
http://www.vexata.com
https://www.vexata.com/article/vexata-launches-with-54m-in-venture-funding-to-bring-worlds-first-active-data-infrastructure-to-market/
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o San Francisco's Digital Shadows Raises $26 Million in Third Round
San Francisco -- Digital Shadows, a Digital risk management startup based in San Francisco and London, said on Wednesday it has raised $26 million in its third round of funding, led by Octopus Ventures. World Innovation Lab, Industry Ventures and several previous investors also took part in the round, which the company will use to bolster the capabilities of its SearchLight digital risk management service and fuel global expansion. The service combines data analytics with human analysis to provide customers the context and awareness they need to protect their digital footprint from risks such as cyber threats and data exposure. Digital Shadows recently added mobile app support and increased Dark Web capabilities. Co-founder and CEO Alastair Paterson said the funding will help as the company "embark[s] on the latest phase of our development and continue[s] to expand our geographic coverage and SearchLight service to help our customers manage their digital risk to protect their business, brand and reputation."
http://www.digitalshadows.com
https://digitalshadows.com/blog-and-research/recognition-of-hard-work-and-relevance-its-time-to-go-global/
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o Palo Alto-Based Matroid Lands $10 Million in First Round of Funding
Palo Alto, Calif. -- Matroid, a Palo Alto-based developer of computer vision and machine learning technology, said it has raised $10 million in its first round of funding, co-led by Intel and New Enterprise Associates (NEA). The company now has raised $13.5 million since its inception, including a $3.5 million seed round from NEA. Founded by Stanford University faculty, Matroid launched its first computer vision product in March, and has since gained customers in the TV, media, security and semiconductor industries. The product allows users to monitor streams of video data in the cloud and on edge devices. "We founded Matroid knowing we'd have to invent entirely new user interfaces to marry machine learning and computer vision, leading to the creation and education of new markets," said CEO Reza Zadeh. "With this new round, we look forward to working with Intel to push the boundaries of what is possible in video analysis on a wide range of computing chips both in the cloud and on edge."
https://www.matroid.com/
https://www.matroid.com/blog/post/matroid-raises-usd10-million-series-a-co-led-by-intel-and-nea
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o Palo Alto's 8fit Raises $10 Million in First Round for Health and Wellness App
Palo Alto, Calif. -- 8fit, the Germany- and Palo Alto-based developer of a health and wellness app that provides users with tailored workouts and meal plans, said it has raised $10 million in its first round of funding, co-led by Creandum and Eight Roads Ventures. The company, which currently has 50 full-time employees, said it will use the proceeds to expand its staff to support rapid international user growth. Launched in 2014 by Pablo Villalba and Pedro Solá, 8fit provides users with customized plans designed to adapt to their lifestyle, preferences and goals. The company's app is available for iOS and Android devices. "There's no one-size-fits all way to find lifelong fitness, so we're focused on building a truly tailored experience that empowers people to get started on their fitness journey and stick with it," said CEO Villalba.
https://8fit.com
http://www.prnewswire.com/news-releases/8fit-announces-10m-in-total-funding-with-close-of-series-a-300521907.html
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o San Francisco-Based Webgility Secures $6.4 Million in First Round
San Francisco -- Webgility, a San Francisco-based developer of ecommerce automation software for small and midsize businesses, said on Wednesday it has raised $6.4 million in its first round of funding, led by Pilot Growth Equity. "Pilot Growth sees tremendous potential in our product and believes in our team and vision for the ecommerce market at large," said founder and CEO Parag Mamnani. "Their expertise, network, and unique model for supporting entrepreneurs will help us to reach a larger market and grow faster." Webgility is the maker of Unify back-office software for ecommerce sellers. The product is designed to let sellers connect all their apps, including stores, marketplaces, inventory, payments, shipping and accounting, so they can track and manage their back-office operations from a single dashboard. It also syncs data and gives sellers financial reports and analytics.
http://www.webgility.com
http://www.webgility.com/company/press/PilotGrowthEquity092017
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> Baird - A Global Leader in Technology Banking
Baird's Global Technology & Services Investment Banking team delivers insightful, value-added services and expertise to middle-market clients across a broad range of sector verticals. We combine deep sector knowledge, an expansive relationship network, and premier M&A and capital-raising capabilities to help companies pursue growth plans or consider strategic alternatives.
Access the advantages of Baird's global Technology banking capabilities. Learn more at:
http://techservices.rwbaird.com/investment-banking/
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o Briefly Noted:
(San Francisco) San Francisco-based MapD Technologies, a provider of GPU-accelerated data analytics, has named Grant Halloran as its executive vice president and chief marketing officer (CMO). Grant most recently served as the CMO of Anaplan, and previously was global vice president and general manager of the marketing and CRM software group at Infor.
http://www.mapd.com
http://www.prnewswire.com/news-releases/mapd-names-grant-halloran-chief-marketing-officer-300521633.html
(San Mateo, Calif.) San Mateo-based private equity firm Bertram Capital said it has invested an unspecified amount in Florida-based Spectrio, a provider of technology-enabled audio and video marketing services. Bertram acquired its interest from The Riverside Company, which has been the company's majority investor since 2014. Spectrio offers subscription access to a suite of customized content tools ranging from on-hold messaging to digital signage and in-store music and messaging. The deal marks Bertram's 17th platform investment and its second investment in marketing services and digital content delivery.
http://www.bcap.com
http://www.spectrio.com
http://www.bcap.com/news/2017-09-19-bertram-capital-announces-investment-in-spectrio-llc
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Baird's Global Technology & Services Investment Banking team delivers insightful, value-added services and expertise to middle-market clients across a broad range of sector verticals. We combine deep sector knowledge, an expansive relationship network, and premier M&A and capital-raising capabilities to help companies pursue growth plans or consider strategic alternatives. Access the advantages of Baird's global Technology banking capabilities. Learn more at: http://techservices.rwbaird.com/investment-banking/
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