Tuesday, October 10, 2017

Bay Area Tech Wire - Oct. 10

BAY AREA TECH WIRE -- Oct. 10, 2017
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o San Jose-Based Aquantia Files to Raise Up to $86.25 Million in IPO
o San Francisco's Mapbox Lands $164 Million in Third Round of Funding
Fremont-Based Shockwave Medical Raises $35 Million in New Funding
Santa Clara-Based Keysight Temporarily Closes Fire-Damaged Headquarters
San Francisco-Based Splunk Acquires Tech and IP Assets of Rocana
o Briefly Noted: Comcast, T.J. Rodgers - MIT

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o San Jose-Based Aquantia Files to Raise Up to $86.25 Million in IPO

San Jose, Calif. -- Aquantia, a San Jose-based developer of high-speed communications chips for Ethernet connectivity, has filed with the Securities and Exchange Commission (SEC) to raise up to $86.25 million in its initial public offering (IPO). The company has yet to announce details of the offering, such as the number of shares to be sold or their expected price range. It plans to list shares on the New York Stock Exchange under the symbol "AQ." Morgan Stanley, Barclays and Deutsche Bank Securities will serve as lead underwriters. Aquantia's Ethernet integrated circuits provide an interface between the high-speed analog signals transported over wired infrastructure and the digital information used in computing and networking equipment. The company's products are designed to alleviate network bandwidth bottlenecks caused by the exponential growth of Internet traffic.
https://www.sec.gov/Archives/edgar/data/1316016/000119312517306042/d106686ds1.htm (IPO filing)

o San Francisco's Mapbox Lands $164 Million in Third Round of Funding

San Francisco -- Mapbox, the San Francisco- and Washington, DC-based creator of a mapping and location platform for developers, said on Tuesday it has raised $164 million in its third round of funding, led by the SoftBank Vision Fund. Previous backers Foundry Group, DFJ Growth, DBL Partners and Thrive Capital also participated in the round, which the company will use to build out its automotive unit, expand its AR/VR and gaming investments and accelerate its expansion across Southeast Asia, China and Europe. "The SoftBank team understands that location data is transformational to every industry," said CEO Eric Gundersen. "Additional capital accelerates our speed of capturing the market." Mapbox provides developers and businesses with maps, location search and direction services that are specific to mobile, AR/VR and web applications. Developers use the company's services across mobile devices, connected cars and broader IoT projects. Mapbox currently has more than 900,000 registered developers, with customers including Snapchat, The Weather Channel, Tableau, IBM, DoorDash, Mastercard and Instacart.

o Fremont-Based Shockwave Medical Raises $35 Million in New Funding

Fremont, Calif. -- Shockwave Medical, a Fremont-based developer of technology designed to treat cardiovascular disease, said on Tuesday it has raised $35 million in new funding, an extension of its $45 million third round announced last November. New investor Fidelity Management & Research participated, along with certain funds and accounts advised by T. Rowe Price Associates. The company plans to use the proceeds to expand commercialization and advance clinical development of its Peripheral and Coronary Lithoplasty Systems in the U.S. and Europe. The system is designed to treat calcified leg artery blockages with lithotripsy, sonic pressure waves historically used to treat patients with kidney stones. "This infusion enables us to move multiple preclinical, clinical and commercial initiatives forward with greater certainty," said Doug Godshall, the company's president and CEO. "Specifically, we will be better equipped to accelerate our commercialization efforts, prepare for the launch of our below-the-knee device globally and our coronary platform outside the United States next year."

o Santa Clara-Based Keysight Temporarily Closes Fire-Damaged Headquarters

Santa Rosa, Calif. -- As wildfires continue to ravage the area, Keysight Technologies said on Tuesday it has temporarily shut down its Santa Rose headquarters after some of its buildings sustained damage. The company said that all four of its main buildings, located at 1400 Fountaingrove Pkwy, remained in tact as of late last night, suffering some minor damage. "Two modular structures and several automobiles suffered more extensive damage," the company said in a statement. Keysight said it will provide further updates once company officials are allowed to re-enter the buildings.

o San Francisco-Based Splunk Acquires Tech and IP Assets of Rocana

San Francisco -- Splunk, the San Francisco-based developer of a software platform for real-time operational intelligence, said it has acquired the technology and intellectual property assets of Rocana, a San Francisco-based technology company offering analytics tools for the IT market. Financial terms of the deal were not disclosed. An unspecified number of technical employees from Rocana will join Splunk as part of the acquisition, which Splunk said will bolster its machine data platform and machine learning capabilities. "We are always interested in adding great talent to Splunk, particularly a team such as Rocana's with experience in large scale data systems and open source technologies," said Richard Campione, the company's chief product officer. Rocana had raised more than $19 million through three funding rounds from investors including GV and General Catalyst.

o Briefly Noted:

(Livermore, Calif.) Hoping to help both residents and emergency personnel better deal with the fallout from the North Bay wildfires, cable giant Comcast said it has opened its Xfinity Wi-Fi hotspots throughout the Napa and Sonoma County areas. The company said its hotspots will remain open to all -- including non-customers -- through Friday. A map of Xfainity hotspots, which are located both indoors and outdoors in places such as shopping districts, parks and businesses, is available at the link below.

(San Jose, Calif.) T.J. Rodgers, the founding CEO of San Jose-based Cypress Semiconductor, said on Tuesday he will gift $5 million to the Massachusetts Institute of Technology (MIT) to fund the T.J. Rodgers RLE Laboratory. The Research Laboratory of Electronics (RLE) is MIT's entrepreneurial interdisciplinary research organization.

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