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BAY AREA TECH WIRE -- March 9, 2017
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To subscribe: www.bayareatechwire.com
o San Francisco-Based Chairish Lands $8 Million in New Funding Round
o Sunnyvale-Based RiskSense Lands $7 Million in Additional Funding
o San Jose-Based Chowbotics Lands $5 Million in First Round of Funding
o San Mateo-Based PokitDok Lands Investment from GIS Strategic Ventures
o S.F.-Based Tradeshift to Acquire Capgemini's IBX Business Network
o Briefly Noted: nuu:bit, Inbenta
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Bluetooth World 2017, 28-29 March, Santa Clara Convention Center
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC
Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section
Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com
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o San Francisco-Based Chairish Lands $8 Million in New Funding Round
San Francisco -- Chairish, the San Francisco-based developer of a mobile app used to buy and sell vintage and pre-owned furniture, decor and art, said on Thursday it has raised $8 million in a new round of funding, led by Altos Ventures. Previous backers investors OATV and Azure Capital Partners also participated in the round, which will allow the company to expand its Chairish and DECASO brands, the latter of which focuses on modernism and antique dealers. It also plans to launch a new augmented reality feature in its iPhone and iPad apps, allowing buyers to visualize Chairish and DECASO items in their home. In conjunction with the new funding, co-founder Gregg Brockway has assumed the role of CEO for both brands. "The online market for furniture, decor and art is in the early stage of a long term growth trend as this huge industry migrates online," said Brockway. "With this new funding, our team will be able to quickly solve key challenges for our customers and designers, while simultaneously expanding the overall online market."
https://www.chairish.com/
https://www.decaso.com/
http://www.prnewswire.com/news-releases/chairish-raises-8-million-to-accelerate-growth-300420695.html
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o Sunnyvale-Based RiskSense Lands $7 Million in Additional Funding
Sunnyvale, Calif. -- RiskSense, the developer of a cyber risk management platform with offices in Sunnyvale and New Mexico, said on Thursday it has landed an additional $7 million in its first round of funding, raising the total of the round to $14 million. Jump Capital joined previous backers Paladin Capital Group, Sun Mountain Capital, EPIC Ventures and CenturyLink in the round. The company, which landed a debt facility from Silicon Valley Bank, announced the first $7 million of the round last August. RiskSense said it plans to use the latest funds to expand sales and marketing, enter new markets such as cyber security insurance, and broaden and accelerate product development. RiskSense's platform is designed to identify, prioritizes and orchestrates the remediation of cyber risks. The company was founded as a technology transfer from the New Mexico Institute of Mining and Technology (NMT) to commercialize the university's cyber security research.
http://www.risksense.com
http://www.risksense.com/news/press-releases/RiskSense-Secures-Additional-Series-A-Financing-Partners-and-Increases-Total-Capital-Raised-to-$14-Million
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o San Jose-Based Chowbotics Lands $5 Million in First Round of Funding
San Jose, Calif. -- Chowbotics, a San Jose-based developer of robotics designed to automate repetitive food preparation tasks in cafeterias, restaurants and hotels, said on Thursday it has landed $5 million in its first round of funding from Techstars Ventures, Foundry Group, Galvanize Ventures and the Geekdom Fund. The company, formerly known as Casabots, uses robots to solve problems in food service, such as compromised cleanliness and inefficiency. Its first robot, Sally, dispenses measured quantities of more than 20 salad ingredients. The company said the technology also is applicable to other cuisines, such as Mexican and Indian, with more robots soon to follow. Chowbotics previously had raised $1.3 million in seed funding.
http://www.chowbotics.com
http://www.prnewswire.com/news-releases/chowbotics-raises-5-million-for-bringing-robotics-to-the-food-industry-300420903.html
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o San Mateo-Based PokitDok Lands Investment from GIS Strategic Ventures
San Mateo, Calif. -- PokitDok, the San Mateo-based developer of a software development platform for healthcare businesses, said on Thursday it has landed a new investment from GIS Strategic Ventures, the investment arm of Guardian Life Insurance. Financial terms of the deal were not disclosed. The company said it will use the funds to continue the development of DokChain, its blockchain technology for healthcare, and expand access to its API tools for patient check in, health insurance administration, out of pocket estimates and other business processes associated with medical care. PokitDok, which also has offices in South Carolina, has raised $48 million since its inception, including a second round led by Lemhi Ventures in mid-2015.
https://pokitdok.com/
http://www.businesswire.com/news/home/20170309005930/en/PokitDok-Attracts-Strategic-Investment-Guardian
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o S.F.-Based Tradeshift to Acquire Capgemini's IBX Business Network
San Francisco -- Tradeshift, the San Francisco-based developer of a global commerce platform connecting buyers and sellers, said it will acquire Capgemini's IBX Business Network. Financial terms of the deal, expected to close in April, were not disclosed. Tradeshift said the acquisition will create the world's largest business commerce platform, connecting nearly 1.5 million businesses and more than 500 enterprise customers. The platform is projected to see an increase in transacted value to more than half a trillion dollars over the next 12 months, which includes recent growth in China and other new markets. "We are gaining a team of talented, innovative domain experts within source-to-pay and new global clients," wrote co-founder and CEO Christian Lanng in a blog post.
https://tradeshift.com/
https://www.capgemini.com/
https://tradeshift.com/press/tradeshift-acquires-IBX-business-network-to-create-worlds-largest-business-commerce-platform/
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Bluetooth World 2017, 28-29 March, Santa Clara Convention Center
Join us to get inspired and discover the future of connectivity and IoT.
There's nothing more inspirational than seeing, playing and experiencing amazing IoT gadgets that have successfully gone to market and made it big.
Entry is FREE and you will be able to visit the various zones including Automotive, Audio, Smart Home and Health & Fitness, test your innovations at the Testing Stations and meet a range of suppliers.
For just $50 you also have access to a wide range of developer sessions as well as hear from inspirational keynotes from big brands including Garmin, Google, Zipcar and Plantronics.
Register for FREE entry or purchase an 'Access all areas pass' for just $50!
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o Briefly Noted:
(San Jose, Calif..) nuu:bit, a digital content acceleration startup with offices in Virginia and San Jose, said it has officially launched operations. In addition, the company announced the availability of its core OpenEdge platform, designed to let clients distribute and store their content at the edge for faster delivery upon request.
http://www.nuubit.com
http://www.businesswire.com/news/home/20170307006304/en/nuubit-Announces-Availability-OpenEdge-Global-Content-Acceleration
(San Mateo, Calif.) San Mateo-based Inbenta, developer of a natural language search platform powered by artificial intelligence, on Thursday announced four new hires. They include Greg Wookey as chief financial officer (CFO), John Forrester as chief marketing officer (CMO), Patrick Cassady as executive vice president of sales and Peter Charles as head of product. Bios on each are available at the bottom link below.
https://www.inbenta.com
http://www.prnewswire.com/news-releases/inbenta-expands-executive-team-with-four-new-hires-300420074.html
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Job/Event/Services Listings:
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To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
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> Bluetooth World 2017, 28-29 March, Santa Clara Convention Center
Join us to get inspired and discover the future of connectivity and IoT. There's nothing more inspirational than seeing, playing and experiencing amazing IoT gadgets that have successfully gone to market and made it big. Entry is FREE and you will be able to visit the various zones including Automotive, Audio, Smart Home and Health & Fitness, test your innovations at the Testing Stations and meet a range of suppliers. For just $50 you also have access to a wide range of developer sessions as well as hear from inspirational keynotes from big brands including Garmin, Google, Zipcar and Plantronics. Register for FREE entry or purchase an 'Access all areas pass' for just $50!
For more information: https://bluetoothworldevent.com
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> The Shifting Sands of Employee Motivation
The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> Director of the Department of Technology/Chief Information Officer
The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
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> 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/
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