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BAY AREA TECH WIRE -- Sept. 27, 2017
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Sponsored By: Baird - A Global Leader in Technology Banking
http://techservices.rwbaird.com/investment-banking/
o Fremont-based Royole Raises $800 Million in Fourth Round of Funding
o San Francisco-based Chime Raises $18 Million in Second Round
o Mountain View-based Passage.AI Comes Out of Stealth
o NPR Launches NPR Wine Club With Outside Partners
o San Francisco-based interviewing.io Raises $3 Million
> Baird - A Global Leader in Technology Banking
o Briefly Noted: DSP Concepts, PayPal
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o Fremont-based Royole Raises $800 Million in Fourth Round of Funding
Fremont, Calif. -- Fremont-based Royole announced that it has raised a total of $800 million in its fourth round of funding through a combination of equity and debt financing. The company said it has a $3 billion valuation after the funding. The Series D funding includes: $240 million in equity financing from Warmsun Holding Group, Hanfor Capital, SPD Bank, Zhonghai Shengrong Capital, and TanShi Capital; and $560 million of debt financing from Bank of China, Industrial and Commercial Bank of China, China CITIC Bank, Agricultural Bank of China, and Ping An Bank. The company was co-founded in Silicon Valley, Shenzhen and Hong Kong in 2012 by three Stanford and Tsinghua engineering graduates. Royole is a manufacturer of human-machine interface technologies and products such as advanced flexible displays, sensors, and smart devices.
http://www.prnewswire.com/news-releases/royole-corporation-raises-800m-usd-in-series-d-funding-300526989.html
http://www.royole.com/
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o San Francisco-based Chime Raises $18 Million in Second Round
San Francisco -- Chime, a San Francisco-based mobile banking firm, announced that it has raised $18 million in its second round of financing, led by global venture fund Cathay Innovation. The company said it has opened over half a million accounts since launching in 2014; the company was founded by Chris Britt and Ryan King. "Look at any of the headlines these days and it's clear that traditional US banks continue to fail millions of Americans with adversarial practices and opaque fee structures," said Britt. "This financing allows us to rapidly scale a new approach to mobile banking."
http://www.prnewswire.com/news-releases/chime-announces-18-million-series-b-to-accelerate-growth-surpasses-500000-bank-accounts-300526501.html
https://www.chimebank.com/
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o Mountain View-based Passage.AI Comes Out of Stealth
Mountain View, Calif. -- Passage.AI announced on Wednesday that it is coming out of stealth. The company is developing an AI-driven conversational interfaces used for creating chatbots. The company said it has raised $3 million in seed funding to date from a group led by Engineering Capital, Storm Ventures, Seabed VC, Milliways Ventures, Array VC, Gunderson Dettmer, NeoTribe Ventures, Eleven Two Capital and individual angel investors. Passage.AI is led by Madhu Mathihalli and Ravi Raj, both formerly of WalmartLabs, and Mitul Tiwari, who worked at LinkedIn.
http://www.passageai.com/
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o NPR Launches NPR Wine Club With Outside Partners
Washington, D.C. -- Expanding beyond its core operations, DC-based public radio network NPR announced a new wine membership club for its members, called NPR Wine Club. The club is being run in collaboration with licensed wineries and retailers, along with Direct Wines and Wines That Rock. Paid members of the NPR Wine Club will receive a customized case of wine every three months. "The NPR Wine Club puts a fresh, fun spin on wine clubs -- creating a totally unique experience of global wine exploration for NPR listeners, while simultaneously supporting public radio," said Howard Jackowitz, Co-Founder of Wines That Rock.
www.NPRWineClub.org
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o San Francisco-based interviewing.io Raises $3 Million
San Francisco -- interviewing.io, an anonymous hiring platform, announced that it has raised $3 million in seed funding. The investment was led by Susa Ventures, with participation from Social Capital, Ulu Ventures, Kapor Capital, TenOneTen Ventures, Manifest Investment Partners, and others. The company has developed a blind, performance-based approach to hiring. It says its platform has been used by Facebook, Lyft, and Twitch. "While working as a software engineer at companies like Google and LinkedIn, I saw how much time was wasted on interviewing mediocre candidates just because they had nice resumes, and how hard it was for candidates without recognizable brands on their resumes to get a fair shot," said Leo Polovets, a partner at Susa Ventures.
https://interviewing.io/
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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:
(Santa Clara, Calif.) DSP Concepts, Inc., a Santa Clara-based developer of embedded digital signal processing audio technology, announced that it has hired Tom Self as chief financial officer. The company recently announced a $10 million funding round.
https://dspconcepts.com
http://www.businesswire.com/news/home/20170927005053/en/DSP-Concepts-Appoints-Tom-Chief-Financial-Officer
(San Jose, Calif.) PayPal announced on Wednesday it has appointed Rodney Adkins to its board of directors. Adkins will serve on PayPal's Audit, Risk and Compliance Committee. He is president of 3RAM Group.
https://investor.paypal-corp.com/releasedetail.cfm?ReleaseID=1041876
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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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> 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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