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BAY AREA TECH WIRE -- Oct. 11, 2017
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Sponsored By: Baird - A Global Leader in Technology Banking
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o San Mateo-Based Brilliant Lands $21 Million in First Round of Funding
o Santa Clara-Based ShiftLeft Emerges from Stealth After Raising $9.3 Million
o San Francisco-Based True Link Financial Raises $8 Million in Funding
o Fremont-Based RenovITe Technologies Acquires UK-Based Q-ATM
o S.F.-Based Distil Networks Names Tiffany Olson Jones as New CEO
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o Briefly Noted: Vantage Data Centers, Talkdesk
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o San Mateo-Based Brilliant Lands $21 Million in First Round of Funding
San Mateo, Calif. -- Brilliant, the San Mateo-based developer of voice and touch controls over lighting, music, climate and other smart home products, said on Wednesday it has raised $21 million in its first round of funding, led by August Capital. Miramar Ventures, The Box Group and the Stanford-StartX Fund also participated in the round, which the company will use to expand retail channels, bolster partnerships and continued to invest in research and product development. Brilliant recently expanded its headquarters in Silicon Valley and doubled the size of its R&D team. With the new funding, the company also has named former Sonos sales executive Kostas Reissis as its new vice president of sales. The Brilliant Control, which will go on sale beginning at $199 in early 2018, replaces an existing light switch to give users voice and touch control over lights, music, climate and other smart home products. Amazon Alexa is built in, as is a video intercom, mobile app control and other features. "We created the Brilliant Control so anyone can easily access any smart home product with touch or voice from anywhere in the house," said co-founder and CEO Aaron Emigh. "Ambient computing is the next big technology trend, and the home will be the battleground." David Hornik, a general partner at August, has joined the company's board of directors.
https://www.brilliant.tech/
http://www.prnewswire.com/news-releases/brilliant-raises-21-million-series-a-to-bring-smart-home-automation-to-everyone-300534525.html
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o Santa Clara-Based ShiftLeft Emerges from Stealth After Raising $9.3 Million
Santa Clara, Calif. -- ShiftLeft, a Santa Clara-based developer of application-specific cloud security tools, said on Wednesday it has emerged from stealth after raising $9.3 million in its first round of funding. Bain Capital Ventures and Mayfield co-led the round, which also included participation by individual investors. Enrique Salem, the managing director of Bain Capital Ventures, and Ursheet Parikh, a partner at Mayfield, have joined the company's board of directors. With the launch, the company announced the general availability of its security-as-a-service for cloud software. The technology is designed to understand the security needs of each version of each application, and create custom security and threat detection for it. "There is a large and important opportunity in the industry today to insert highly accurate security in the continuous integration and delivery lifecycle, without impacting an organization's pace of innovation," said CEO Manish Gupta.
https://www.shiftleft.io/
https://www.shiftleft.io/press/shiftleft-introduces-industrys-first-application-specific-security-as-a-service-to-protect-cloud-applications-and-microservices/
_____________________________________________ o San Francisco-Based True Link Financial Raises $8 Million in Funding
San Francisco -- True Link Financial, a San Francisco-based tech company focused on providing financial services for seniors, said on Wednesday it has raised $8 million in its first round of funding, led by QED Investors. Radicle Impact and Initialized Capital also participated in the round, which increased the company's total funding to $15.8 million since its founding in 2012. True Link leverages technology to offer a range of money management, investment and insurance products, primarily for retirees. The company's financial advisory division was the first tech-enabled "robo" advisor targeting retirees, its debit cards include budgeting and anti-fraud features, and its recordkeeping software for trusts is designed to help users maintain eligibility for medical benefits. QED founding partner Frank Rotman will join the company's board of directors.
https://www.truelinkfinancial.com/
http://www.prnewswire.com/news-releases/true-link-financial-secures-8-million-series-a-round-300534483.html
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o Fremont-Based RenovITe Technologies Acquires UK-Based Q-ATM
Fremont, Calif. -- RenovITe Technologies, a Fremont-based developer of payment technology, said on Wednesday it has acquired UK-based payments consulting company Q-ATM. Financial terms of the deal were not disclosed. Jim Tomaney, formerly the managing director of Q-ATM, will become the chief operating officer (COO) of RenovITe. He previously held senior roles with ACI Worldwide, Barclays Bank, Wincor Nixdorf and FIS. RenovITe said that Q-ATM's consulting capability will complement its own payments products and services, bolstering its offerings to financial institutions, processors and retailers.
http://renovite.com/
http://renovite.com/news/renovite-technologies-acquires-q-atm-ltd-in-the-uk/
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o S.F.-Based Distil Networks Names Tiffany Olson Jones as New CEO
San Francisco -- Distil Networks, a developer of bot detection and mitigation tools, on Wednesday named Tiffany Olson Jones as its new CEO. She succeeds co-founder Rami Essaid, who will become chief product and strategy officer, focusing on partnerships and product strategy. Essaid also will continue to serve as chairman. Jones most recently served as the vice president of global solutions providers, OEM and alliance operations at FireEye, and previously was the senior vice president and chief revenue officer at iSIGHT Partners. "She not only has experience leading companies through various growth phases, but her drive and enthusiasm is a natural fit with our executive team," said Essaid.
https://www.distilnetworks.com/
https://resources.distilnetworks.com/press-releases/distil-networks-appoints-tiffany-olson-jones-as-ceo
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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.) Santa Clara-based Vantage Data Centers said it has acquired 42 acres in Northern Virginia for a new $1 billion wholesale data center campus. The company said it will erect five buildings totaling more than 1 million square feet, with construction expected to begin in early 2018. Vantage currently operates four data centers in Santa Clara, with another four planned there; as well as one in Quincy, Wash.
http://www.vantagedatacenters.com/expansion-to-northern-virginia/
(San Francisco) San Francisco-based Talkdesk, developer of a platform for intelligent cloud-based contact centers, on Wednesday named Jon Heaps as its vice president of channels. Heaps previously held sales, marketing and business management roles with software technology and telecommunications companies such as ShoreTel, Corvisa, inContact and Qwest Communications.
http://www.talkdesk.com/
http://www.prnewswire.com/news-releases/talkdesk-names-jon-heaps-vice-president-of-channels-300534589.html
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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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