| ========================================== BAY AREA TECH WIRE -- Oct. 25, 2017 ========================================== http://techservices.rwbaird.com/investment-banking/ o S.F.-Based Credit Sesame Raises $26.6M in Funding, $15.5M in Venture Debt o o o o > Baird - A Global Leader in Technology Banking o > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Baird - A Global Technology Investment Banking --Campaigns & Marketing Summit - DC - Nov. 13 Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com _____________________________________________ o S.F.-Based Credit Sesame Raises $26.6M in Funding, $15.5M in Venture Debt San Francisco -- Credit Sesame, a San Francisco-based fintech company offering personalized credit services, said on Wednesday it has raised $26.6 million in a new round of funding, in addition to $15.5 million in venture debt. Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital and SF Capital took part in the round, which the company will use to accelerate its growth, hiring and member acquisition, as well as bolster its analytics, robo-advisor and machine learning technologies. The company said it plans to add more than 100 new employees to its offices in downtown Mountain View and San Francisco in the next 12 months, with the majority focused on engineering, data science and analytics. Launched in 2011, Credit Sesame now counts more than 12 million members, who use the company's mobile and web tools to find their credit scores and build financial wellness. The company said it achieved profitability earlier this year. http://www.creditsesame.com https://www.prnewswire.com/news-releases/credit-sesame-raises-42-million-in-growth-funding-300542669.html _____________________________________________ o San Jose, Calif. -- Edison Software, the San Jose-based developer of an e-commerce market intelligence platform, said on Wednesday it has acquired the consumer insights business of New York-based Return Path, called Consumer Insights. The company's product, which provides clients with item-level e-commerce receipt data, will be merged into the Edison Trends platform, which provides ecommerce-based intelligence reports designed to help clients understand purchase trends and shopping demand. "The Return Path Consumer Insights team is incredibly talented and they will amplify the immense value that Edison Trends already offers businesses," said Mikael Berner, Edison's co-founder and CEO. Return Path said it now will focus exclusively on its email optimization business. http://www.edison.tech http://www.returnpath.com http://www.businesswire.com/news/home/20171025005421/en/Edison-Software-Acquires-Return-Path%E2%80%99s-Consumer-Insights _____________________________________________ o San Francisco -- The Stonestown neighborhood of San Francisco tops Yelp's newly released list of the Top 50 Neighborhoods in America for Most Improved Economic Opportunity, based on data modeling at the business level, covering millions of businesses and several years of data on the site. The list is part of Yelp's Local Economic Outlook, a new data initiative designed to track which areas of the country are ripe for economic opportunity. Charlotte, N.C. tops a list of 50 cities in the U.S. ranked by where businesses have the best chance of success, with San Jose coming in at No. 43 and San Francisco No. 47. Stonestown ranks No. 1 on a list of the top 50 neighborhoods, with Alum Rock/East Foothills (San Jose) coming in at No. 8, Elmwood (Berkley) No. 16 and North San Jose (Santa Clara (No. 19). All told, there are nine Bay Area neighborhoods on the list. "While local businesses are incredibly important to the overall health of our economy, the landscape and factors impacting success are constantly in flux, making it difficult to pinpoint areas of success or concern," said Carl Bialik, Yelp's data editor. "Yelp data can give us a look inside which geographic areas and types of businesses offer the best chance of success for local business." The complete rankings are at the link below. http://www.businesswire.com/news/home/20171017005516/en/Yelp-Launches-Local-Economic-Outlook _____________________________________________ o San Francisco -- Allegis Group, a Maryland-based provider of talent management technology and services, said on Wednesday it has made a "significant" investment in Arizona-based HiringSolved, whose software aims to make hiring easier by applying intelligent automation to the recruiting process. Financial terms of the deal were not disclosed. HiringSolved, which has sales and support offices in San Francisco, will continue to operate as a separate, independent business, under the leadership of founder Shon Burton. Clients such as Dell, GSK and Netflix use the company's software to qualify, search, match and engage with top talent. "Allegis Group invests in technologies that align with our core purpose of creating opportunity for people," said Chris Hartman, the company's global development officer. "HiringSolved's capabilities are game-changing for our growth strategy and present great upward potential for enhancing how our industry engages the best talent required to get work done." http://www.allegisgroup.com https://www.allegisgroup.com/about/press/allegis-group-invests-in-people-aggregator-hiringsolved _____________________________________________ o Dulles, Va. -- Despite an increased push to develop cybersecurity talent, millennials remain largely uninterested in pursuing careers in the field, according to a new survey by Raytheon Intelligence, Information and Services; Forcepoint and the National Cyber Security Alliance. Globally, only 38% said they were more willing to consider a career in cybersecurity than a year ago, unchanged from last year. That's despite the fact that the dominant share (43%) of respondents believe the final outcome of the 2016 U.S. presidential election was influenced by cyber attacks. "The demand for skilled cyber talent has become a national security issue," said Dave Wajsgras, president of Raytheon's Intelligence, Information and Services business. "While great strides have been made to increase millennial awareness in the cybersecurity profession, there is still work to be done." An estimated 1.8 million cybersecurity jobs are expected to go unfilled over the next five years. The survey also revealed an alarming trend of careless behavior online. Globally, 63% said they click on links even if they aren't sure the source of the link is legitimate, and the proportion of U.S. young adults who share passwords with non-family members nearly doubled to 39%. In addition, 74% in the U.S reported using unsecured public Wi-Fi despite the well-documented security risks, up from 66% in 2013. The complete report is available at the link below. https://www.raytheon.com/cyber/news/feature/2017_cyber_survey.html _____________________________________________ o Menlo Park, Calif. -- Video is becoming marketers' tool of choice, with U.S. companies planning to spend an estimated $135 billion in online video to market products and services this year, according to new research from Menlo Park-based Magisto. The figure takes into account the entire video ecosystem, including production, tools, people and media. The digital video spend will nearly equal the combined spend of digital and TV advertising in the U.S. "The traditional, linear mode of communication, dominated by advertising and controlled by legacy marketing, simply doesn't work today," said CEO Oren Boiman. "The enormous influence of social media and the bottom up culture of millennials have led to a new marketing condition where the consumer is in control, word-of-mouth is a medium unto itself, and authenticity is paramount to engaging customers." The survey found that 84% of marketers intend to create more business videos in 2017, 60% of businesses spend more than 25% of their marketing budget on video and 64% of marketers report creating video content internally. The complete report is available at the link below. https://www.magisto.com/video-market-size _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| > 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/ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (San Francisco) San Francisco-based TuneIn, developer of a live streaming and on-demand audio service featuring broadcast radio stations, podcasts, live sports, music, news and audiobooks, on Wednesday named Holly Lim as its chief financial officer (CFO). Lim most recently served as the CFO at Soundcloud, and previously held senior finance and operations roles at Google, Stetson, Comedy Central & New Line Cinema. http://www.tunein.com https://www.prnewswire.com/news-releases/tunein-appoints-holly-lim-as-chief-financial-officer-300543148.html =================================================== Job/Event/Services Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300 > 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/ _____________________________________________ > Advertising on Bay Area Tech Wire Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/ =================================================== Subscribe to other newsletters from Tech Wire Media Group: Potomac Tech Wire: http://www.potomactechwire.com Bay Area Tech Wire: http://www.bayareatechwire.com Advertising: If you are interested in advertising in our newsletters, call Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com News tips, press releases. Send email to: editorial@bayareatechwire.com Tech Wire Mailing Address: P.O. Box 15180 Washington, DC 20003 Copyright: CapWire Inc. 2017
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Wednesday, October 25, 2017
Bay Area Tech Wire - Oct. 25
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