Bay Area Tech Wire - Oct. 6

========================================== BAY AREA TECH WIRE -- Oct. 6, 2017 ========================================== To subscribe: www.bayareatechwire.com o Redwood City-Based QuanticMind Raises $20 Million in Second Round o Foster City-Based Guidewire Software to Acquire Cyence o AOL Instant Messenger Service to Shut Down for Good on Dec. 15 o Palo Alto's Cardiologs Technologies Raises $6.4 Million in First Round o Report: Weak Passwords Costing Companies Millions in Unnecessary Risk o Briefly Noted: Solix Technologies, Apple _____________________________________________ > 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 Redwood City-Based QuanticMind Raises $20 Million in Second Round Redwood City, Calif. -- QuanticMind, a Redwood City-based developer of predictive management software for digital marketing channels such as paid search and social, said it has raised $20 million in its second round of funding, led by Foundation Capital. Safeguard Scientifics and Cervin Ventures also took part in the round, which the company will use to expand its team and bolster product development activities. Ashu Garg, a general partner at Foundation, has joined the company's board of directors. QuanticMind's platform uses machine learning, distributed cloud computing and in-memory processing to help marketers anticipate and execute the best and most granular investments across their paid channels. Clients include 1-800-Dentist, Rosetta Stone and Dermstore. "We believe the ingenuity of the world's most brilliant marketers becomes exponentially more powerful when they combine and leverage every single piece of relevant data available," said co-founder and CEO Chaitanya Chandrasekar. http://www.quanticmind.com http://www.businesswire.com/news/home/20171005006185/en/QuanticMind-Secures-20M-Funding-Launch-New-Era  _____________________________________________ o Foster City-Based Guidewire Software to Acquire Cyence Foster City, Calif. -- Guidewire Software, a Foster City-based provider of software to property and casualty insurers, said on Friday it will acquire San Mateo-based Cyence, a developer of software that lets insurers underwrite new technology risks involving cybersecurity, reputation and business interruption, in a deal valued at $275 million. Under the terms, Guidewire will pay $140 million in cash, and approximately 1.6 million shares of stock. "As traditional actuarial approaches struggle to address the unique characteristics of emerging risks like cyber, Cyence's next-generation approach will enable insurers to broaden the scope and value of the products their policyholders need," said Marcus Ryu, Guidewire's co-founder and CEO. http://www.guidewire.com  http://www.cyence.net  http://www.businesswire.com/news/home/20171006005212/en/Guidewire-Acquire-Cyence  _____________________________________________ o AOL Instant Messenger Service to Shut Down for Good on Dec. 15 New York -- Following 20 years as a stalwart in the Internet chat space, AOL Instant Messenger (AIM) will shut down for good on Dec. 15, its corporate parent announced on Friday. The company said it has no plans for a replacement. AOL launched AIM in 1997, and it quickly became the dominant Internet chat service of the late '90s and early 2000s, even appearing in movies such as "You've Got Mail" and television shows like "Sex and the City." In recent years, however, the popularity of AIM waned significantly, hurt by the rise of smartphones and social media sites like Facebook. "AIM tapped into new digital technologies and ignited a cultural shift, but the way in which we communicate with each other has profoundly changed," wrote Michael Albers, the vice president of communications products at Oath, the Verizon entity that now operates the brand. https://help.aol.com/articles/aim-discontinued  https://aimemories.tumblr.com/post/166091776077/aimemories  _____________________________________________ o Palo Alto's Cardiologs Technologies Raises $6.4 Million in First Round Palo Alto, Calif. -- Cardiologs Technologies, developer of a platform that leverages artificial intelligence to help improve the management of cardiac patients, said it has raised $6.4 million in its first round of funding. Participants in the round included Idinvest, ISAI, Kurma Partners, Partech Ventures and previous backer the Bpifrance seed fund. The Paris-based company, which has U.S. headquarters in Palo Alto, now has raised $10 million since its inception. Cardiologs said it will use the latest funds to accelerate the commercialization of its ECG analysis platform in the U.S. and Europe. "Ambulatory ECG analysis and reporting is a labor-intensive process that can result in delays for arrhythmia detection and increased costs," said co-founder and CEO Yann Fleureau. "Cardiologs is designed to recognize patterns in a cardiac signal for fast and precise analysis of heart diseases in a similar intuitive manner as expert cardiologists." https://cardiologs.com/  http://www.businesswire.com/news/home/20171005005786/en/Cardiologs-Raises-6.4-Million-Lead-AI-Revolution _____________________________________________ o Report: Weak Passwords Costing Companies Millions in Unnecessary Risk San Francisco -- Weak passwords are costing U.S. companies millions of dollars in unnecessary risk, according to a new report from identity management company OneLogin. The company's survey of more than 500 IT decision-makers found that 87% believe they have sufficient password protection policies in place. In reality, however, most aren't enforcing basic password requirements. Approximately 25% of respondents don't require user passwords to meet a minimum length requirement, just 41% check employee passwords against common password lists, 24% require users to rotate passwords at least monthly and 54% require them to rotate passwords on a quarterly basis. OneLogin said password rotation is a key way companies can stay ahead of hackers, given that stolen credentials are uploaded to the Internet daily. In addition, few are taking advantage of technologies that can help strengthen password-based access management. Only 42% are using single sign-on (SSO) to manage employee access to corporate applications with even fewer (34%) using it to manage external access to company apps. And just 36% use multi-factor authentication internally and 34% to manage external access. "Companies need to be more forward-thinking when it comes to identity and access management by enforcing strong passwords and using modern multi-factor authentication," said Alvaro Hoyos, the chief information security officer of OneLogin. https://www.onelogin.com/company/press/press-releases/onelogin-research-finds-weak-passwords-imposing-millions-of-dollars-of-unnecessary-risk-on-us-firms  _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| > Financial Diaries: Building Financial Resilience in the Bay Area Join us on October 4th from 1-4PM at the Federal Reserve Bank of San Francisco for a special discussion with the authors of "The Financial Diaries: How Americans Cope in a World of Uncertainty," followed by a panel about the challenges to helping working class families build financial resilience in the Bay Area. All attendees will receive a copy of the book; speakers include co-authors Jonathan Morduch and Rachel Schneider; Sean Kline (SF Office of Financial Empowerment), Linda Bidrossian (Bay Area Council), Lewis Brown (PolicyLink), Charise Fong (East Bay Asian Local Development Corp). Event made possible by the generous support of Citi Foundation. Online registration link can be found by clicking here |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (Santa Clara, Calif.) Santa Clara-based Solix Technologies, a developer of big data applications, has named Rishi Kumar as its vice president of verticals business strategy and marketing communication. Kumar previously held various technology leadership roles at IBM for more than 14 years. https://www.solix.com  http://www.prnewswire.com/news-releases/solix-expands-senior-leadership-team-to-accelerate-global-business-growth-300531638.html  (Cupertino, Calif.) Cupertino-based Apple on Friday named Katherine Adams as its general counsel and senior vice president of legal and global security. Adams is the former senior vice president and general counsel of Honeywell, and earlier was a partner at Sidley Austin in New York. https://www.apple.com/newsroom/2017/10/katherine-adams-joins-apple-as-general-counsel-and-svp/ =================================================== 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/ _____________________________________________ > Financial Diaries: Building Financial Resilience in the Bay Area Join us on October 4th from 1-4PM at the Federal Reserve Bank of San Francisco for a special discussion with the authors of "The Financial Diaries: How Americans Cope in a World of Uncertainty," followed by a panel about the challenges to helping working class families build financial resilience in the Bay Area. All attendees will receive a copy of the book; speakers include co-authors Jonathan Morduch and Rachel Schneider; Sean Kline (SF Office of Financial Empowerment), Linda Bidrossian (Bay Area Council), Lewis Brown (PolicyLink), Charise Fong (East Bay Asian Local Development Corp). Event made possible by the generous support of Citi Foundation. Online registration link can be found by clicking here _____________________________________________ > 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

To unsubscribe/change profile: click here

To subscribe: click here