Tuesday, October 17, 2017

Bay Area Tech Wire - Oct. 17

BAY AREA TECH WIRE -- Oct. 16, 2017
Campaigns & Marketing Summit - Washington, D.C. - Nov. 13

o San Mateo-Based LimeBike Raises $50M for Dockless Bike Sharing Service  
o S.F.-Based Illumina Ventures Raises New $230 Million Investment Fund
Rally at Supreme Court to Call Attention to Wireless Tech Risks
GL Capital Completes Deal for Foster City-Based SciClone Pharmaceuticals
o Report: Rate of IT and Engineering Job Growth Slows in September  
o Briefly Noted: Zoox, Guardian Analytics

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o San Mateo-Based LimeBike Raises $50M for Dockless Bike Sharing Service

San Mateo, Calif. -- LimeBike, the San Mateo-based operator of a dockless bike sharing service, said on Monday it has raised $50 million in its second round of funding, which the company will use to speed the rollout of its programs into more than 30 cities and campuses across by year end. Coatue Management led the round, which also included participation from new investors GGV Capital, Franklin Templeton Investments, Section32, AME Cloud Ventures, Stanford-StartX Fund and The Durant Company, as well as previous backers Andreessen Horowitz and DCM Ventures. The company, which now has raised $62 million since its inception, LimeBike is the largest dockless bikeshare operator in the U.S., with approximately 10,000 bikes deployed in 20 markets. Rides cost $1 for 30 minutes or $0.50 for students. The "smart" bikes are enabled with GPS, wireless technology and self-activating locks. The company said it will use the new funds to expand operations, support ongoing upgrades to its bike design and the mobile app and increase the size of the current deployed fleet by 10 times towards the end of 2017. LimeBike started its first deployments in June at the University of North Carolina at Greensboro, and operates locally in South San Francisco and Alameda, with discussions underway in San Francisco. Coatue partner Thomas Laffont will join the company's board of directors.

o S.F.-Based Illumina Ventures Raises New $230 Million Investment Fund

San Francisco -- Illumina Ventures, a San Francisco-based early-stage venture capital firm focused exclusively on genomics and precision medicine, said on Monday it has raised $230 million for its first fund. The firm was launched in the summer of 2016 with an initial $100 million investment from Illumina, with the balance coming from a mix of corporate, institutional, sovereign and individual investors. "Genomics has the potential to solve many of society's biggest challenges, from understanding the molecular basis of life, to more accurate medical diagnosis, life-saving drugs, and more sustainable sources of energy and food," said Nicholas Naclerio, founding partner. "The investor interest in this fund exceeded my expectations and will allow us to expand our team and support a greater number of entrepreneurs." Illumina Ventures so far has invested in seven companies, including Biota Technology, DNA Script, Encoded Genomics, Genome Medical, Kallyope, SerImmune and Twist Bioscience.

o Rally at Supreme Court to Call Attention to Wireless Tech Risks

Washington, DC -- A large contingent of health advocates is planning to rally outside the Supreme Court on Tuesday in a bid to draw attention to the risks of wireless radiation. A group called the National Coalition for Responsible Technology said it is hoping to bring focus to FCC exposure guidelines that it says are "not biologically-based, but instead are based on a long-outdated physics assumption that the only potential risk from wireless exposures is from heating." The group points to "thousands" of scientific studies that it said show harmful effects from non-thermal levels of this radiation. Participants will include representatives from the Environmental Health Trust, ElectromagneticHealth.org, What Is 5G?, California Brain Tumor Association, Center for Safer Wireless, California Alliance for Safer Technology and Campaign for Radiation Free Schools. "I am disappointed that our government is not adequately warning parents about wireless radiation risks," said Ellen Marks, chair of the California Alliance for Safer Technology, which is fighting legislation that would enable 5G antennas in the state. "Considering the extensive science linking cancer and other negative health effects to wireless radiation our government has a responsibility to protect public health -- especially that of innocent children." The rally is scheduled for 11 a.m.-1 p.m. EDT.

o GL Capital Completes Deal for Foster City-Based SciClone Pharmaceuticals

Foster City, Calif. -- A consortium led by GL Capital said it has completed its acquisition of Foster City-based SciClone Pharmaceuticals, a specialty pharmaceutical firm focused on the Chinese market. Bank of China Group Investment, CDH Investments, Ascendent Capital Partners and Boying also participated in the deal, which was first announced in June. SciClone is now a private company, with its shares no longer trading on the NASDAQ Global Select Market. The company's products span major therapeutic markets including oncology, infectious diseases and cardiovascular disorders.

o Report: Rate of IT and Engineering Job Growth Slows in September

Alexandria, Va. -- Following a modest uptick in August, the rate of IT and engineering job growth in the U.S. slowed in September, according to new figures fro the TechServe Alliance. The number of IT jobs grew 0.1% sequentially last month to just over 5.3 million, while engineering employment also grew 0.1% to nearly 2.6 million. On a year-over-year basis, IT employment has grown 2.3% and engineering employment by 1.9%. "Despite the deceleration in the rate of growth, both IT and engineering outperformed the overall labor market which actually contracted for the first time in seven years in light of the hurricanes that hit Texas and Florida," said Mark Roberts, CEO of the TechServe Alliance. "Given the weather events had an adverse impact on two states that are economic powerhouses, I think the deceleration in the rate of growth is no cause for alarm. We fully expect employment to rebound in these areas in the coming months."


> Campaigns & Marketing Summit - November 13 - DC

Campaigns & Marketing Summit brings together brand marketers, PR and advocacy professionals, and political campaign strategists to explore the latest tactics, strategies, tools and platforms in their respective fields. This unique fusion in both speakers and attendees produces fresh insights and empowers attendees to push the boundaries of what's possible in their own fields. One thing you're guaranteed to take away from CAM Summit: actionable strategies and tactics that set you apart from peers.




o Briefly Noted:

(Menlo Park, Calif.) Menlo Park-based Zoox, a robotics company developing autonomous mobility, said on Monday its board of directors has named Carl Bass as an independent director. Bass retired as the president and CEO of Autodesk earlier this year, having served in that role since 2006. He has served as an advisor to Zoox since 2016.

(Mountain View, Calif.) Mountain View-based Guardian Analytics, a developer of behavioral analytics and machine learning tools for banking payment fraud detection and enterprise B2B portal fraud, on Monday named Eric Tran-Le as its vice president of product management. Tran-Le previously held leadership positions in product management and marketing at Logtrust, Oracle and Microsoft.

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