Thursday, October 26, 2017

Bay Area Tech Wire - Oct. 26

BAY AREA TECH WIRE -- Oct. 26, 2017
Campaigns & Marketing Summit - Washington, D.C. - Nov. 13

o San Francisco-Based Petcube Raises $10 Million in First Round of Funding
Mountain View-Based Intuit to Acquire Exactor, Expand QuickBooks Platform
S.F.-Based Names Deepinder Dhingra as Chief Product Officer
San Francisco-Based Gusto Names Mike Dinsdale as First CFO
> Campaigns & Marketing Summit - Washington, D.C. - Nov. 13
o Briefly Noted: Hercules Capital, RiskSense

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o San Francisco-Based Petcube Raises $10 Million in First Round of Funding

San Francisco -- Petcube, a San Francisco-based developer of cameras and software designed to connect people to their pets, said it has raised $10 million in its first round of funding. Almaz Capital, AVentures and Y Combinator took part in the round, which also included participation from other unnamed investors. The company said it will use the proceeds to expand new product development, marketing and sales distribution in North America and international markets. Petcube's products are designed to help busy pet owners interact with their pets at home. "Five years from now, nearly 40 million pet households will use a connected pet device. That's half of the U.S. pet population," said co-founder and CEO Yaroslav Azhnyuk. "We are committed to driving innovation for this large and growing community, by designing products that enable pet parents to give their pets the best, while also ensuring their health, wellness and safety." Petcube was launched as a Kickstarter campaign in late 2013, and has since launched three interactive pet camera products while raising a total of $14 million. 

o Mountain View-Based Intuit to Acquire Exactor, Expand QuickBooks Platform

Mountain View, Calif. -- Intuit, the Mountain View-based developer of financial management software such as TurboTax and QuickBooks, said on Thursday it will acquire Pennsylvania-based Exactor, a developer of cloud-based sales and use tax calculation and filing tools. Financial terms of the deal were not disclosed. Intuit said it plans to integrate the company's technology into its QuickBooks Online product, making it easier for retail customers to accurately track and file sales tax returns. "Sales and use tax is incredibly complicated, constantly changing and generally bewildering to most retail business owners and getting it wrong can have severe consequences," said Alex Chriss, the senior vice president and chief product and platform officer for Intuit's Small Business and Self-Employed segment. "Integrating Exactor's technology into Intuit's platform will save customers time and give them the confidence and peace of mind that their taxes are done." All of Exactor's employees are expected to join Intuit. 

o S.F.-Based Names Deepinder Dhingra as Chief Product Officer

San Francisco --, a San Francisco-based developer of enterprise artificial intelligence applications, on Thursday named Deepinder Dhingra as its chief product officer. Dhingra most recently served as the head of products and strategy at Mu Sigma, and previously held roles at i2 Technologies, Demantra and Tibco Spotfire. "Deepinder is an awesome addition to our dream team," said CEO Stephen Pratt. "He will increase our ability to create enormous economic value for our clients -- helping them switch their operations planning from spreadsheets & debates to structured collaboration enabled by learning algorithms & supercomputers." Founded in 2016, has developed tools based on a set of interconnected learning algorithms across supply and demand planning. 

o San Francisco-Based Gusto Names Mike Dinsdale as First CFO

San Francisco -- Gusto, a San Francisco-based developer of a payroll, benefits and HR platform serving more than 40,000 small businesses, has named Mike Dinsdale as its first chief financial officer (CFO). Dinsdale most recently served as the CFO of DoorDash, and earlier was the chief growth officer and CFO of DucuSign. He was named the Bay Area's "CFO of the Year" in 2015 by the San Francisco Business Times. "Mike is a strategic CFO with a wealth of experience scaling companies," said co-founder and CEO Josh Reeves. Gusto, formerly known as ZenPayroll, raised a $60 million funding round in 2015, led by Google Capital. 


Campaigns & Elections Summit - Nov. 13 - Washington, D.C.

Our 3rd annual Campaigns & Marketing Summit is a month away in D.C.

The Early-Bird Rate Ends on Tuesday! It will save you 30%

The summit on Nov. 13 brings together digital, tech, marketing and campaign executives to discuss the future of technology, social media, digital marketing, and more.For more information, go to:

This year's keynotes include:

o Noam Cohen, former tech columnist, The New York Times
o Shawn DuBravac, author, futurist, and former chief economist at CTA

Tech/Brand Panels Include:

o Email Marketing & Deliverability: Getting Into the Inbox
o SEO in 2018: Preparing For Mobile-First and More
o Social Media: Driving Engagement in a Distracted World
Insights from comScore: A Dive Into the Latest Data for Marketers



o Briefly Noted:

(Palo Alto, Calif.) Palo Alto-based Hercules Capital, a specialty finance firm focused on venture-backed companies, on Thursday added two to its board of directors. New members include Brad Koenig, the former head of global technology investment banking at Goldman Sachs, and Jorge Titinger, the former president and CEO of Silicon Graphics International.

(Sunnyvale, Calif.) Sunnyvale-based RiskSense, developer of a proactive cyber risk management platform, on Thursday named Jill Kyte as its vice president of marketing. Kyte previously served as the senior vice president of marketing and sales at BrightPoint Security and vice president of marketing and business development at Solidcore Systems.

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