Bay Area Tech Wire - Nov. 17

========================================== BAY AREA TECH WIRE -- Nov. 17, 2017 ========================================== Sponsored By: Baird - A Global Leader in Technology Banking o Redwood City-Based Poshmark Raises $87.5 Million in Fourth Round o San Jose-Based Cadence Names Anirudh Devgan as President o Survey: Both Kids, Parents Having Trouble Disconnecting at Mealtime o Study: IT Incidents Damaged the Business Reputation of 70% of Firms > Baird - A Global Leader in Technology Banking o Briefly Noted: C3 IoT, Webgility _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Doing Business With DoD and The INTEL Community - Nov. 28 --Intellectual Property Services / Patent Applications Drafted --Baird - A Global Technology Investment Banking 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 Poshmark Raises $87.5 Million in Fourth Round Redwood City, Calif. -- Poshmark, the Redwood City-based developer of a peer-to-peer fashion marketplace on which users buy and sell clothing, has raised $87.5 million in its fourth round of funding, led by Temasek Holdings. Mayfield Fund, Menlo Ventures, GGV Capital, Inventus Capital, Uncork Capital, Union Grove Venture Partners and Cross Creek Advisors also took part in the round, which the company will use to expand internationally, starting with English-speaking countries. The company, which now has raised $160 million since its inception, reportedly could soon follow rival Stitch Fix into the public markets, according to Forbes. Poshmark's site feature's more than 2 million seller "stylists," selling over 5,000 fashion brands. https://poshmark.com/  https://www.forbes.com/sites/alexkonrad/2017/11/14/poshmark-raises-87-million-for-its-social-clothes-marketplace/#59adb2163246  _____________________________________________ o San Jose-Based Cadence Names Anirudh Devgan as President San Jose, Calif. -- Cadence Design Systems, a San Jose-based developer of electronic systems and semiconductors, has named Anirudh Devgan as its new president. Devgan has served as executive vice president and general manager of the company's Digital & Signoff Group and the System & Verification Group. "This is an exciting time for Cadence, and Anirudh will play a key leadership role as we capture opportunities that are being driven by groundbreaking trends in high-performance and edge computing, automotive electronics and machine learning, among others," said CEO Lip-Bu Tan. Prior to joining Cadence in 2012, Devgan served as general manager of the Custom Design Business Unit at Magma Design Automation. http://www.cadence.com  https://www.cadence.com/content/cadence-www/global/en_US/home/company/newsroom/press-releases/pr/2017/cadence-appoints-anirudh-devgan-as-president.html  _____________________________________________ o Survey: Both Kids, Parents Having Trouble Disconnecting at Mealtime Philadelphia -- While parents are nearly unanimous that disconnecting from devices during mealtime improves family bonding, their children are far from the only ones to blame, according to a new report by cable giant Comcast. The survey of 1,000 U.S. parents found that more than half (52%) have been told by their kids to put their device away during meals, and 42% couldn't remember the last time their family had a device-free meal. And though parents admit to taking away their children's devices an average of once a week, more than half (56%) have found their kids trying to steal them back. Nearly a third said they make their children leave their devices in a basket before bedtime, while 14% go so far as to disconnect their modems to stop Wi-Fi usage. With those figures in mind, Comcast said the "pause device" home Wi-Fi control feature has become the most popular function of its new Xfinity xFi platform. http://corporate.comcast.com/news-information/news-feed/pause-device-most-popular-home-wi-fi-control-feature-xfi _____________________________________________ o Study: IT Incidents Damaged the Business Reputation of 70% of Firms San Francisco -- More than two-thirds of companies (70%) in a new survey say that a critical IT incident has harmed their reputation. The survey, conducted by analyst firm Quocirca for San Francisco-based Splunk, also found that the average organization suffers five critical IT incidents a month, with each one costing the IT department on average $36,326 and a further $105,302 to the rest of the business. "It's clear that organizations are finding it challenging to maintain end-to-end visibility with the growing volume of data being generated by their IT systems and infrastructure," said Bob Tarzey, an analyst at Quocirca. "This is holding IT teams back from being able to drill down and pinpoint the root cause of issues that are causing frequent and recurring problems. This often results in reputational damage and poor customer experience, impacting a company's bottom line." The complete study is available at the link below. https://www.splunk.com/en_us/newsroom/press-releases/2017/it-incidents-damaged-business-reputation-of-more-than-two-thirds-of-firms.html  _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| > 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: (Redwood City, Calif.) Redwood City-based C3 IoT, developer of an AI and IoT software platform, said it has opened its new Asia Pacific (APAC) regional headquarters in Sydney, Australia. Customers in the region include Australia energy company Origin Energy. https://c3iot.com http://www.businesswire.com/news/home/20171115005553/en/C3-IoT-Establishes-Regional-HQ-Australia  (San Francisco) San Francisco-based Webgility, a developer of ecommerce automation software for small and mid-sized businesses, on Friday named Anastasia Pavlova as its vice president of marketing. Pavlova most recently was a member of the executive leadership team at Marketo, driving marketing strategy and demand generation programs across the entire customer lifecycle. https://www.webgility.com/company/press/AnastasiaPavlova  =================================================== 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 > NOV 28 - DOD and INTEL Agency - Contracting Conference 2nd Annual "Doing Business With DoD and The INTEL Community" (Conference) - Tuesday NOV 28 - 730am-1230pm - GMU Arlington Campus - AGENDA, SPEAKERS, TICKETS AT https://dodintel2017.eventbrite.com _____________________________________________ > Intellectual Property Services/Patent Applications Drafted I provide a wide range of services relating to intellectual property including patents, trademarks, trade secrets and licensing. 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If you are interested, please send inquiries to email@roarkip.com _____________________________________________ > 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. 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