Bay Area Tech Wire - Aug. 28

[Bay Area Tech Wire]

	========================= BAY AREA TECH WIRE -- Aug. 28 ========================= Sponsored by: Next Week - Billington CyberSecurity Summit in Washington, DC - Sept 4-5 o Sunnyvale-Based ThoughtSpot Raises $248 Million at $1.95 Billion Valuation o Burlingame-Based Tesorio Raises $10 Million in First Round  o S.F.-Based Bond Financial Technologies Raises $10M in Seed Funding  o Facebook Unveils New Political Ad Rules Ahead of 2020 Election  o San Francisco-Based PeerWell Lands $6.5 Million in First Round  o Briefly Noted: Dremio, Dropbox __________________________ > 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 Sunnyvale-Based ThoughtSpot Raises $248 Million at $1.95 Billion Valuation Sunnyvale, Calif. -- ThoughtSpot, the Sunnyvale-based developer of an analytics search tool that lets users instantly analyze billions of rows of data and get relevant insights, said on Wednesday it has raised $248 million in a new round of funding, which values the company at $1.95 billion. New investor Silver Lake Waterman joined previous backers Lightspeed Venture Partners, Sapphire Ventures and Geodesic Capital in the round, which increased the seven-year-old company's total funding to $554 million. ThoughtSpot said it will use the proceeds to build its go-to-market teams in North America, EMEA and APAC, expand R&D efforts and invest in customer and thought leadership events, like its annual customer conference. The company counts Walmart, 7-Eleven, Celebrity Cruises, Daimler and Hulu among its clients.  http://www.thoughtspot.com https://www.thoughtspot.com/thoughtspot-raises-248m-195b-valuation-transform-enterprises-search-ai-driven-analytics __________________________ o Burlingame-Based Tesorio Raises $10 Million in First Round  Burlingame, Calif. -- Tesorio, the Burlingame-based developer of a platform used by finance teams to manage, predict and collect cash, said it has secured $10 million in its first round of funding, led by Madrona Venture Group. Previous backers First Round Capital, Floodgate, Y Combinator, Fathom Capital and Fuel Capital also took part. Tesorio's cash flow performance platform applies machine learning to financial data, helping clients like Veeva Systems, Box and WP Engine with accounts receivable automation. "Access to capital and strong free cash flow generation are among the biggest determinants of a company's ability to grow," said co-founder and CEO Carlos Vega. "We've built a platform that finance teams use daily as the main tool to do their work." https://www.tesorio.com https://www.businesswire.com/news/home/20190827005283/en/Tesorio-Launches-AI-Driven-Cash-Flow-Performance-Platform __________________________ o S.F.-Based Bond Financial Technologies Raises $10M in Seed Funding  San Francisco -- Bond Financial Technologies, a San Francisco-based startup building a financial technology platform that aims to connect digital brands with banking partners, said it has raised $10 million in a new seed round of funding, led by Canaan. Coatue and several angel investors also participated in the round, which will help the company further develop its technology and expand its reach with banks, fintechs and brand partners. "Until now, the friction between brands and banks has stifled the pace of financial innovation and access to capital," said co-founder and CEO Roy Ng. "Bond enables banks of all sizes to more effectively compete for and partner with technology innovators, ultimately improving access to capital for everyday consumers and businesses." Ng most recently served as the president and chief operating officer (COO) of Mapbox, and previously was the COO of Twilio. http://www.bond.tech https://www.prnewswire.com/news-releases/bond-raises-10-million-seed-round-to-accelerate-the-pace-of-financial-innovation-300907250.html __________________________ o Facebook Unveils New Political Ad Rules Ahead of 2020 Election  Menlo Park, Calif. -- Ahead of the 2020 election, Facebook on Wednesday unveiled new verification requirements aimed at increasing the transparency of political ads on its platform. Beginning in mid-September, political advertisers will need to provide extra information supporting the "paid for by" disclaimers required to accompany the ads since 2018. If advertisers don't provide the requested information -- including a U.S. street address, phone number, business email, matching website and either a tax ID number, government website domain or Federal Election Commission ID number -- by mid-October, the company said it will pause their ads. "While the authorization process won't be perfect, it will help us confirm the legitimacy of an organization and provide people with more details about who's behind the ads they are seeing," wrote Katie Harbath, Facebook's public policy director of global elections, and product manager Sarah Schiff in a blog post.  https://newsroom.fb.com/news/2019/08/updates-to-ads-about-social-issues-elections-or-politics-in-the-us/ __________________________  o San Francisco-Based PeerWell Lands $6.5 Million in First Round  San Francisco -- PeerWell, the San Francisco-based developer of a digital platform designed to help patients better prepare for and recover from orthopedic surgery, said it has landed $6.5 million in its first round of funding. OMERS Ventures led the round, which also included participation from previous backer XSeed Capital. The company said it will use the funding to fast-track the commercial rollout of its workers' compensation surgery optimization platform, which covers areas from pain management and surgery avoidance to surgery optimization and guided recovery. "PeerWell helps workers' compensation programs, employer health plans, and payers support patients with pain and mobility issues who are facing complex procedures and surgery," said CEO Manish Shah. "Our interactive digital programs guide patients while reducing costs of care and accurately predicting return-to-work times."  https://www.peerwell.co/ https://www.prnewswire.com/news-releases/peerwell-announces-6-5-million-in-series-a-funding-to-rollout-musculoskeletal-surgery-optimization-platform-300907295.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:  (Santa Clara, Calif.) Santa Clara-based Dremio, developer of an  open source Data-as-a-Service platform, on Wednesday named Billy Bosworth to its board of directors. Bosworth currently serves as the CEO of DataStax, and has been a member of Tableau's board for the past four years.  https://www.dremio.com/ https://www.businesswire.com/news/home/20190828005158/en/Dremio-Appoints-Billy-Bosworth-Board-Directors (San Francisco) San Francisco-based Dropbox, developer of the collaboration platform with more than 500 million registered users, has named Lisa Campbell and Karen Peacock to its board of directors. Campbell is the chief marketing officer (CMO) and senior vice president of business strategy and marketing at Autodesk, and Peacock is the chief operating officer (COO) of Intercom.  https://blog.dropbox.com/topics/company/lisa-campbell-and-karen-peacock-join-the-dropbox-board-of-direct                    ============== 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