Bay Area Tech Wire - Sept. 5

[Bay Area Tech Wire]

	========================= BAY AREA TECH WIRE -- Sept. 5 ========================= To subscribe: https://bayareatechwire.com  o San Jose-Based BrightInsight Raises $25 Million in First Round o Santa Clara-Based Palo Alto Networks to Acquire Mountain View's Zingbox o Redwood City-Based OpenGov Acquires ViewPoint o San Jose-Based Therma Holdings Acquires Maryland's VarcoMac o San Francisco-Based Lever Hires CFO and VP of Engineering  o Briefly Noted: Zapier, Ridge Ventures, Grabango __________________________ Want to post an ad? Click Here. __________________________ o San Jose-Based BrightInsight Raises $25 Million in First Round San Jose, Calif. -- BrightInsight, the San Jose-based developer of a digital health platform for biopharma and medtech clients, said on Thursday it has raised $25 million in its first round of funding, co-led by New Leaf Venture Partners and Eclipse Ventures. The year-old company said it will use the proceeds to further develop its core platform and accelerate global commercialization efforts. BrightInsight's medical-grade IoT platform is designed to optimize regulated drugs, devices and software through integrated data and actionable insights. It also aims to help customers increase patient adherence and engagement. "This financing enables us to continue to invest in our differentiated platform while also integrating our solutions into the broader healthcare ecosystem globally," said co-founder and CEO Kal Patel.   https://brightinsight.com/ https://www.prnewswire.com/news-releases/brightinsight-raises-25-million-to-enhance-its-regulated-digital-health-platform-and-accelerate-global-commercialization-300912084.html __________________________ o Santa Clara-Based Palo Alto Networks to Acquire Mountain View's Zingbox Santa Clara, Calif. -- Palo Alto Networks, the Santa Clara-based developer of cybersecurity technology, said it will pay $75 million in cash to acquire Mountain View-based IoT security company Zingbox. The deal is expected to close by the end of October. The company said the acquisition will add a cloud-based service and AI and machine learning technology that should accelerate its delivery of IoT security. "The proliferation of IoT devices in enterprises has left customers facing an enormous gap in protection against cybersecurity attacks," said Nikesh Arora, the chairman and CEO of Palo Alto Networks. "With the proposed acquisition of Zingbox, we will provide a first-of-its-kind subscription for our Next-Generation Firewall and Cortex platforms that gives customers the ability to gain control, visibility and security of their connected devices at scale." http://www.paloaltonetworks.com https://www.zingbox.com https://www.prnewswire.com/news-releases/palo-alto-networks-announces-intent-to-acquire-zingbox-300911967.html __________________________ o Redwood City-Based OpenGov Acquires ViewPoint Redwood City, Calif. -- OpenGov, a Redwood City-based developer of enterprise cloud tools for government clients, said it has acquired Boston-based ViewPoint, a creator of multi-tenant SaaS software for permitting and licensing. Financial terms of the deal were not disclosed. OpenGov said it plans integrate ViewPoint's software into its OpenGov Cloud. It marks the company's third announced acquisition since 2016. The news comes on the heels of OpenGov $51 million fourth round of funding, co-led by Weatherford Capital and 8VC. http://www.opengov.com https://www.viewpointcloud.com/ https://www.prnewswire.com/news-releases/opengov-acquires-permitting-and-licensing-cloud-leader-viewpoint-300911777.html __________________________ o San Jose-Based Therma Holdings Acquires Maryland's VarcoMac San Jose, Calif. -- Therma Holdings, a San Jose-based provider of mechanical and electrical services to technology, biopharmaceutical, data center and semiconductor clients, said it has acquired Maryland-based VarcoMac, an electrical contractor serving clients in the data center, healthcare and high-tech industries. Financial terms of the deal were not disclosed. Thirty-seven-year-old VarcoMac will operate as a unit of Therma, continuing to be led by its current president, Shane Wilemon. "VarcoMac's strong base of service and maintenance -- with a focus on complex systems in mission-critical environments -- expands our service offerings, customer and geographic reach," said Therma CEO Jeff Sprau. http://www.therma.com http://www.varcomac.com https://www.businesswire.com/news/home/20190903005898/en/Therma-Holdings-LLC-Acquires-VarcoMac-LLC __________________________  o San Francisco-Based Lever Hires CFO and VP of Engineering  San Francisco -- Lever, a San Francisco-based developer of talent acquisition software, on Thursday named former Box executive Ed Tang as its chief financial officer (CFO) and Dan Quine as its vice president of engineering. Tang most recently served as Box's vice president of strategic finance, operations and business analytics, playing a key role in preparing the company for its IPO. He also previously spent nine years in business and corporate development roles at Salesforce. Quine, meanwhile, previously served as the vice president of engineering, product and design at AltSchool, as well as the chief technology officer (CTO) of live music startup Songkick and co-founder of book publishing company Blurb. Lever's software helps clients source, interview and hire employees through collaboration. Customers include Netflix, Hot Topic, KPMG New Zealand and Cirque du Soleil.  https://www.lever.co https://www.businesswire.com/news/home/20190905005222/en/Lever-Continues-Rapid-Expansion-New-CFO-VP __________________________  ||||||||||||||||||||||||||||||||||||||||| > Billington CyberSecurity Summit in DC - Sept 4-5 The summit has become the world's leading summit on government cybersecurity. You will network with 800+ attendees.  You will hear from The Honorable Susan Gordon, Principal Deputy Director of National Intelligence, Lieutenant General Jack Shanahan, Director, Joint Artificial Intelligence Center, DOD, the CISOs for the New York Stock Exchange and the City of New York, and over 70 other speakers representing a “who’s who” of cybersecurity influencers. Get ready for a day-and-a-half of high level knowledge sharing and networking. Use promo code PT200 for a $200 discount. More info at:  http://www.cybersummitdc.com/ ||||||||||||||||||||||||||||||||||||||||| __________________________ o Briefly Noted:  (San Francisco) San Francisco-based Zapier, the developer of an productivity automation platform that connects more than 1,500 web apps, on Thursday named Jonathan Rochelle as its chief product officer. He succeeds co-founder Mike Knoop, who will become the company's head of research and development. Rochelle previously spent 14 years at Google as director of product management, and earlier co-founded 2WebTechnologies, which developed the foundation technology for Google Sheets. https://zapier.com https://finance.yahoo.com/news/zapier-welcomes-jonathan-rochelle-chief-155900171.html (San Francisco) San Francisco-based Ridge Ventures, a venture capital firm that raised more than $150 million last year to invest in early-stage enterprise startups, on Thursday named Brendan Baker as a partner. Baker spent the past few years with early-stage venture funds like Ridge, Wing and Hone Capital, and earlier was a director at Greylock. http://www.ridge.vc https://www.businesswire.com/news/home/20190905005806/en/Ridge-Ventures-Adds-Partner-Brendan-Baker-Continue (Berkeley, Calif.) Berkeley-based Grabango, developer of a checkout-free technology service for grocery and convenience store chains, on Thursday named Ryan Smith as its vice president of product and engineering. Smith most recently served as the vice president of product and engineering at Sight Machine. http://www.grabango.com https://www.businesswire.com/news/home/20190905005226/en/Grabango-Welcomes-Ryan-Smith-Vice-President-Product                                        ============== 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 > Billington CyberSecurity Summit in DC - Sept 4-5 The summit has become the world's leading summit on government cybersecurity. You will network with 800+ attendees and hear from the “who’s who” of cybersecurity influencers in the U.S. and allied partners. Get ready for a day-and-a-half of high level knowledge sharing and networking. Use promo code PT200 for a $200 discount. More info at: https://www.cybersummitdc.com/ _______________________                       > Advertising on Bay Area Tech Wire Post jobs, events, webinars, white papers 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 or send email to pa...@techwiremedia.com   News tips, press releases. Send email to: edit...@bayareatechwire.com  Tech Wire Mailing Address: P.O. Box 15180 Washington, DC 20003 Copyright 2019

 

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