Bay Area Tech Wire - Sept. 3

[Bay Area Tech Wire]

	========================= BAY AREA TECH WIRE -- Sept. 3 ========================= Sponsored by: Tomorrow - Billington CyberSecurity Summit in Washington, DC - Sept 4-5 o San Francisco's Culture Amp Raises $82 Million for HR Technology Platform o Redwood City-Based OpenGov Lands $51 Million in Fourth Round  o CGI Acquires San Ramon-Based Sunflower Systems o Report: More Than Half of Logins on Social Media Platforms Are Fraud o Briefly Noted: Mercatus, Energous, Satsuma Pharmaceuticals __________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Billington CyberSecurity Summit in Washington, DC - Sept 4-5 Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section Want to post an ad? Click Here. __________________________ o San Francisco's Culture Amp Raises $82 Million for HR Technology Platform San Francisco -- Culture Amp, the Australian developer of a platform designed to improve employee engagement, retention and performance, said on Tuesday it has raised $82 million in its fifth round of funding. New investor Sequoia Capital China led the round for the company, which has U.S. headquarters in San Francisco. New investors Global Founders Capital and TDM Growth Partners also joined previous backers Sapphire Ventures, Felicis Ventures, Index Ventures, Blackbird Ventures, Hostplus, Skip Capital and Grok Ventures in the round, which increased the company's total funding to $158 million since its inception in 2011. Culture Amp said it will use the proceeds to expand in the EMEA, Latin America and Asia regions. "This round of funding will help us... by getting the Culture Amp platform into the hands of more people, and more leaders, who believe that culture is the biggest lever that you have to be successful," said co-founder and CEO Didier Elzinga. The platform Is used by approximately 2,500 customers, including Airbnb, McDonald's, Salesforce and Slack.  http://www.cultureamp.com https://www.businesswire.com/news/home/20190903005186/en/Culture-Amp-Raises-82M-USD-Global-Funding __________________________ o Redwood City-Based OpenGov Lands $51 Million in Fourth Round  Redwood City, Calif. -- OpenGov, a Redwood City-based developer of enterprise cloud tools for government, said on Tuesday it has landed $51 million in its fourth round of funding, co-led by Weatherford Capital and 8VC. Previous backer Andreessen Horowitz also took part in the round, which increased the company's total funding to $140 million since its inception in 2012. OpenGov said it will use the proceeds to continue to develop and market technology, including end-to-end budgeting, performance, communications and reporting tools for government. More than 2,000 governments leverage currently use OpenGov's products. The company has recently announced partnerships with the State of West Virginia, the State of Oklahoma, the Idaho State Controller's Office, the City of Minneapolis and Suffolk County N.Y. https://www.opengov.com https://www.prnewswire.com/news-releases/opengov-raises-51-million-to-fuel-government-technology-leadership-300909604.html __________________________ o CGI Acquires San Ramon-Based Sunflower Systems San Ramon, Calif. -- CGI, a large provider of IT and business consulting services, said on Tuesday it has acquired San Ramon-based Sunflower Systems, a provider of asset management software and services. The company will become part of Virginia-based CGI Federal. Financial terms of the deal were not disclosed. CGI said the acquisition allows it to expand its offerings to the public and private sector, including universities, government contractors, law enforcement organizations and national laboratories. "Sunflower Systems member's deep expertise in asset management complements CGI's expertise in financial and acquisition management," said Tim Hurlebaus, the president of CGI Federal. https://www.cgi.com/us/en-us/federal https://www.sunflowersystems.com/ https://www.cgi.com/en/2019-09-03-CGI-Acquires-Sunflower-Systems-Leading-Provider-of-Asset-Management-and-Services __________________________ o Report: More Than Half of Logins on Social Media Platforms Are Fraud San Francisco -- More than half of all logins (53%) and a quarter of new account applications on social media sites are fraudulent, according to a new report by San Francisco-based Arkose Labs. The report, which analyzed more than 1.2 billion transactions spanning account registrations, logins and payments, also found that more than 75% of attacks on social media are from automated bots, with fraudsters most often looking to harvest the personal data of legitimate users. "The extremely high attack rate on social media logins is indicative of the value placed on the data fraudsters extract from compromised social accounts,"said CEO Kevin Gosschalk. "Because more than 50% of social media logins are fraud, we know that fraudsters are using large-scale bots to launch attacks on social media platforms with the goal of disseminating spam, stealing information, spreading social propaganda and executing social engineering campaigns targeting trusting consumers." https://www.arkoselabs.com/ https://www.businesswire.com/news/home/20190826005125/en/Logins-Social-Media-Platforms-Fraud-Arkose-Labs __________________________  ||||||||||||||||||||||||||||||||||||||||| > 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 Mateo, Calif.) San Mateo-based Mercatus, developer of an asset and investment management platform, on Tuesday named Jeff Conway to its board of directors. Conway previously spent more than 30 years at State Street, serving as the company's head of global delivery and business transformation; CEO and executive vice president of Europe, the Middle East, and Africa; and as head of the company's global exchange data and analytics division. http://www.gomercatus.com https://www.businesswire.com/news/home/20190903005187/en/Mercatus-Appoints-Jeff-Conway-Board-Directors (San Jose, Calif.) San Jose-based Energous, a developer of wireless charging technology, on Tuesday named Reynette Au, a vice president at Intel, to the company's board of directors. Au replaces Rex Jackson, who has stepped down. http://www.energous.com https://www.businesswire.com/news/home/20190903005257/en/Energous-Corporation-Adds-Reynette-Au-Board-Directors (South San Francisco) South San Francisco-based Satsuma Pharmaceuticals, a biopharmaceutical firm developing a nasal powder to treat migraines, said on Tuesday it has launched an underwritten initial public offering of up to 5 million shares. The company said it will use the net proceeds to fund trials for STS101 (dihydroergotamine nasal powder), as well as for working capital and general corporate purposes. https://www.satsumarx.com/satsuma-pharmaceuticals-inc-announces-proposed-initial-public-offering-of-common/                                        ============== 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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