Bay Area Tech Wire - Sept. 4

[Bay Area Tech Wire]

	========================= BAY AREA TECH WIRE -- Sept. 4 ========================= To subscribe: https://bayareatechwire.com  o Google, YouTube to Pay Record $170M for Violating Children's Privacy Law o S.F.-Based Ginger Lands $35 Million for On-Demand Behavioral Healthcare o Sunnyvale-Based Rambus to Acquire Business from Verimatrix o Santa Clara-Based Chegg to Acquire Tech Skills Learning Platform Thinkful   o San Francisco-Based uBiome Files for Chapter 11 Bankruptcy  o Briefly Noted: TPG Capital - CollabNet VersionOne, i2c __________________________ Want to post an ad? Click Here. __________________________ o Google, YouTube to Pay Record $170M for Violating Children's Privacy Law Mountain View, Calif. -- Tech giant Google will pay a record $170 million to settle federal and state allegations that its YouTube online video unit illegally collected personal information from children without their parents' consent. The settlement requires the Bay Area companies to pay $136 million to the Federal Trade Commission (FTC) and $34 million to the New York Attorney General for allegedly violating the Children's Online Privacy Protection Act (COPPA) by using cookies to deliver targeted ads to viewers of child-directed channels, without first notifying parents and getting their consent. COPPA is designed to protect the privacy of children under 13. The penalty is by far the largest the FTC has ever obtained in a COPPA case since Congress enacted the law in 1998. "YouTube touted its popularity with children to prospective corporate clients," said FTC Chairman Joe Simons. "Yet when it came to complying with COPPA, the company refused to acknowledge that portions of its platform were clearly directed to kids. There's no excuse for YouTube's violations of the law." https://www.ftc.gov/news-events/press-releases/2019/09/google-youtube-will-pay-record-170-million-alleged-violations __________________________ o S.F.-Based Ginger Lands $35 Million for On-Demand Behavioral Healthcare San Francisco -- Ginger, a San Francisco-based provider of on-demand behavioral healthcare to people in need of emotional and mental health support, said on Wednesday it has landed $35 million in its third round of funding, led by WP Global Partners. City Light Capital, Nimble Ventures, LinkedIn CEO Jeff Weiner and previous investors Khosla Ventures, Kaiser Permanente Ventures and Kapor Capital also took part in the round, which increased the company's total funding to $63 million. Ginger said it will use the latest proceeds to accelerate its investments in data science and clinical services, as well as expand to serve members of health plans to other risk-bearing organizations. Members access care through the company's mobile app, where they can text with a trained behavioral health coach. For those needing additional support, the app allows users to schedule video therapy and psychiatry sessions. "In building the world's first virtual behavioral health system, we are reinventing the approach with instant access to care," said CEO Russell Glass. "This latest round of funding accelerates our ability to expand high-quality care? -- any time of day or night? -- to millions of people around the world." http://www.ginger.io https://www.businesswire.com/news/home/20190904005269/en/Ginger-Announces-35-Million-Series-Funding-Accelerate __________________________ o Sunnyvale-Based Rambus to Acquire Business from Verimatrix Sunnyvale, Calif. -- Rambus, the Sunnyvale-based silicon IP and chip developer, said it will acquire the silicon IP, secure protocols and provisioning business of San Diego-based Verimatrix, a developer of security and analytics tools known until July as Inside Secure. Financial terms of the deal, expected to close by the end of the year, were not disclosed. Rambus said it plans to integrate the companies' embedded security teams and technologies. "Their combination of products and expertise is highly complementary to our existing business and will expand our global reach for our worldwide security customer base," said Luc Seraphin, the president and CEO of Rambus. http://www.rambus.com https://www.verimatrix.com/ https://www.rambus.com/rambus-to-acquire-silicon-ip-and-secure-protocols-business-from-verimatrix-creating-global-authority-in-semiconductor-security-ip/ __________________________ o Santa Clara-Based Chegg to Acquire Tech Skills Learning Platform Thinkful  Santa Clara, Calif. -- Chegg, the Santa Clara-based developer of a connected learning platform, said on Wednesday it will pay at least $80 million in cash to acquire New York-based Thinkful, creator of an online platform teaching technology skills such as engineering, data science, data analytics and product design. The value of the deal, expected to close early in the fourth quarter, could rise by up to $20 million, based on Thinkful's future performance. "Adding Thinkful courses to our suite of Chegg Learning Services will enable us to empower students to obtain in-demand, high-quality job skills, for the fastest-growing job categories, with affordable prices," said CEO Dan Rosensweig. http://www.chegg.com https://www.thinkful.com/ https://www.chegg.com/press/?pressId=8ee96590-ebef-4b0d-87d0-2eea7ef068c5 __________________________  o San Francisco-Based uBiome Files for Chapter 11 Bankruptcy  San Francisco -- Less than a year after coming in at No. 50 in the Inc. 5000 list of the nation's fastest-growing private companies, San Francisco-based medical genomics startup uBiome on Wednesday filed for Chapter 11 bankruptcy protection. The company said the move will "facilitate an orderly and efficient sale of its ongoing business, products in development, technology and lab capabilities." It plans to complete the sale within 75 days. uBiome said it will continue to offer its current Explorer product -- used to understand the role that food and lifestyle can play in wellness -- throughout the sale process, while maintaining "appropriate" staffing and supply levels. As widely reported, uBiome is under investigation by the government related to its business practices under prior management. The company said it is cooperating with the investigation. https://ubiome.com/ https://www.prnewswire.com/news-releases/ubiome-files-voluntary-chapter-11-petitions-to-accelerate-an-orderly-and-efficient-sale-process-300911717.html __________________________  ||||||||||||||||||||||||||||||||||||||||| > 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- and Texas-based private equity firm TPG Capital said on Wednesday it will acquire Georgia-based CollabNet VersionOne, developer of a platform for Agile planning, DevOps and value stream management, from owner Vector Capital. Financial terms of the deal were not disclosed. TPG said the move is the first step of a broader strategy in which it will commit up to $500 million of equity capital to build an enterprise-focused DevOps platform company. https://tpggloballlc.gcs-web.com/news-releases/news-release-details/tpg-acquires-collabnet-versionone (Redwood City, Calif.) Redwood City-based i2c, a developer of digital banking and payments processing technology, on Wednesday announced the addition of four senior leaders. The company has named Janet Monroe as its head of global client success, Ava Kelly as its head of global products, Nikki Waters as its head of global marketing and Steve Gray as its head of fraud and risk solutions. http://www.i2cinc.com https://www.prnewswire.com/news-releases/i2c-adds-four-industry-veterans-to-its-leadership-team-300911207.html                                        ============== 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

 

Tech Wire Media
PO Box 15180
Washington, DC 20003
United States

This email is intended for wallstre...@gmail.com.
Update your preferences or Unsubscribe