Bay Area Tech Wire - Oct. 5

========================================== BAY AREA TECH WIRE -- Oct. 5, 2017 ========================================== To subscribe: www.bayareatechwire.com o Mountain View-Based FogHorn Systems Raises $30 Million in Second Round o S.F.-Based Stellar Labs Lands $26.3 Million in First Round of Funding o San Jose-Based NeoPhotonics to Cut Workforce Amid Slow Sales in China o Facebook to Build $750 Million Data Center in Virginia o Aircraft-Giant Boeing to Acquire Aurora Flight Sciences o Briefly Noted: Brainnovations Pitch Contest, Phantom, Gigster _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Baird - A Global Technology Investment Banking --Campaigns & Marketing Summit - DC - Nov. 13 Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com _____________________________________________ o Mountain View-Based FogHorn Systems Raises $30 Million in Second Round Mountain View, Calif. -- FogHorn Systems, a Mountain View-based developer of "edge intelligence" software for industrial and commercial IoT applications, said it has raised $30 million in its second round of funding, co-led by Intel Capital and Saudi Aramco Energy Ventures. New investor Honeywell Ventures and previous backers March Capital Partners, GE Ventures, Dell Technologies Capital, Robert Bosch Venture Capital, Yokogawa Electric, Darling Ventures and The Hive also participated. The company, which now has raised $47.5 million since its inception, said it will use the latest funds to significantly expand its engineering resources and global go-to-market presence. "We have seen unprecedented interest from customers and partners in a huge variety of industries for advanced condition monitoring, predictive maintenance, asset performance management and process optimization solutions," said CEO David King. The company said it is hiring in both its Mountain View and Pune, India locations across multiple departments. https://www.foghorn.io/  https://www.foghorn.io/industrial-iot-leaders-invest-30-million-foghorns-series-b-funding/  _____________________________________________ o S.F.-Based Stellar Labs Lands $26.3 Million in First Round of Funding San Francisco -- Stellar Labs, the San Francisco-based developer of a flight operations management, commercial management and global distribution system for business aviation, said on Thursday it has landed $26.3 million in its first round of funding. Columbia Equity Partners led the round, which also included participation from Global Jet Capital and Expa. Together with previous equity funding from Rockwell Collins, the company said it will invest more than $50 million in its business aviation technology platform. "When we founded Stellar in 2014, the industry basically ran on technology built before the internet era," said co-founders David Fox and Paul Touw, in a statement. "In commercial aviation, innovations in advanced technologies drove ticket prices down 73% and increased access to regional communities over the last two decades. We believe similar efficiency gains can be achieved in business aviation." Stellar, in partnership with Rockwell Collins, is developing a unified, cloud-based operating platform that will combine flight operations planning functionality of the ARINCDirect flight operations system) with its own distribution systems and commercial operations technology. http://www.stellar.aero/ http://www.businesswire.com/news/home/20171005005527/en/Stellar-Labs-Raises-26.3-Million-Series-Funding  _____________________________________________ o San Jose-Based NeoPhotonics to Cut Workforce Amid Slow Sales in China San Jose, Calif. -- Looking to recover from lower-than-expected sales in China, San Jose-based NeoPhotonics, a maker of optoelectronic components for high speed communications networks, said on Thursday it plans to cut an unspecified number of employees as part of a corporate restructuring program. The company also plans to consolidate some facilities and write down inventory for certain assets. NeoPhotonics said the moves will help lower its break-even point as it bids to return to profitability, while allowing the company to maintain its core capabilities focused on datacenter interconnect and telecommunications systems. "Lacking a clear indication of increased demand in China in the third quarter, we initiated several operational changes with the goal of expediting our return to profitability, including implementing certain restructuring initiatives designed to align our business with the current demand environment and lowering manufacturing output to manage inventory levels," said Tim Jenks, the chairman and CEO of NeoPhotonics. The company said the moves will reduce quarterly operating expenses by approximately $2 million. https://www.neophotonics.com/  https://www.neophotonics.com/press-releases/?newsId=2304823  https://www.sec.gov/Archives/edgar/data/1227025/000110465917060972/a17-22929_18k.htm  _____________________________________________ o Facebook to Build $750 Million Data Center in Virginia Richmond, Va. -- Social media giant Facebook plans to build a $750 million data center near Richmond, Va., the state announced Thursday. The 970,000-square-foot facility will be located in the White Oak Technology Park, near Richmond International Airport. Multiple solar facilities, to be paid for through a new renewable energy tariff designed by Dominion Energy Virginia and Facebook, will power the data center. The facility will house more than 100 full-time operational employees, with over a thousand workers expected to take part in the construction. Virginia Gov. Terry McAuliffe said he met with company officials about the project on multiple occasions, most recently during his San Francisco marketing mission earlier this week. Menlo Park-based Facebook cited numerous reasons for selecting Virginia for the project. "When considering new data center locations, we not only look for clean and renewable energy solutions, but great partnerships within the local community, a strong pool of local talent, excellent access to fiber and a robust electric grid," said Rachel Peterson, the company's director of data center strategy. "Henrico County and the Commonwealth of Virginia has it all." Facebook began building its own data centers in 2010, and currently operates facilities in Oregon, North Carolina, Iowa and Sweden, with plans in the works for several others. http://www.richmond.com/news/virginia/government-politics/facebook-to-build-billion-data-center-in-eastern-henrico-county/article_cd4a106d-162c-53bb-92b4-af12cd9139ac.html  _____________________________________________ o Aircraft-Giant Boeing to Acquire Aurora Flight Sciences Mountain View, Calif. -- Aurora Flight Sciences, a Virginia-based developer of advanced aerospace platforms with offices in Mountain View, said on Thursday it has signed a deal to be acquired by aircraft-giant Boeing. Financial terms of the deal, expected to close shortly, were not disclosed. The acquisition gives Boeing key autonomous systems technologies that will be used in future aerospace applications and vehicles. "As an integral part of Boeing, our pioneered technologies of long-endurance aircraft, robotic co-pilots and autonomous electric VTOLs will be transitioned into world-class products," said John Langford, Aurora's founder and CEO. Aurora has designed, produced and flown more than 30 unmanned air vehicles since the company was founded in 1989. The company leverages autonomous systems that include perception, machine learning and advanced flight control systems. Aurora, which has more than 550 employees, will become a unit of Boeing Engineering Test & Technology, continuing to operate independently. http://www.aurora.aero/  http://www.aurora.aero/wp-content/uploads/2017/10/APR348_-Aurora-Announcement_FINAL.pdf (PDF) _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| > Financial Diaries: Building Financial Resilience in the Bay Area Join us on October 4th from 1-4PM at the Federal Reserve Bank of San Francisco for a special discussion with the authors of "The Financial Diaries: How Americans Cope in a World of Uncertainty," followed by a panel about the challenges to helping working class families build financial resilience in the Bay Area. All attendees will receive a copy of the book; speakers include co-authors Jonathan Morduch and Rachel Schneider; Sean Kline (SF Office of Financial Empowerment), Linda Bidrossian (Bay Area Council), Lewis Brown (PolicyLink), Charise Fong (East Bay Asian Local Development Corp). Event made possible by the generous support of Citi Foundation. Online registration link can be found by clicking here |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (San Francisco) San Francisco-based market research firm SharpBrains said it has launched its Brainnovations Pitch Contest, open to startups focused on the intersection of brain research and emerging technologies. Submissions are open through Oct. 31, with 12 finalists selected to pitch at a virtual summit in December. Categories include: Top Brainnovations in Healthcare, Top Brainnovations in the Workplace, Top Brainnovations in Education and Top Brainnovations for Quality of Life. Complete details are at the link below. https://sharpbrains.com/brainnovations-pitch-contest-guidelines-and-faqs/  (Palo Alto, Calif.) Palo Alto-based Phantom, developer of a security automation and orchestration, platform, on Thursday named Dave DeWalt to its board of directors. DeWalt, the former CEO of FireEye and McAfee, has been appointed vice chairman. The company's board now consists of five members. https://phantom.us/ http://www.businesswire.com/news/home/20171005005080/en/Phantom-Appoints-Dave-DeWalt-Board-Directors  (San Francisco) San Francisco-based Gigster, developer of a software development service that combines developers and designers with automation tools, on Thursday named Greg Enriquez as its senior vice president of sales. Enriquez most recently served as the CEO of TrapX Security, and earlier led worldwide sales, services, business development and marketing teams at FireEye, Mandiant, Symantec, IBM and Stratus Technologies. https://gigster.com/  http://www.prnewswire.com/news-releases/gigster-strengthens-leadership-team-with-hire-of-veteran-enterprise-sales-leader-greg-enriquez-300531629.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 > Baird - A Global Leader in Technology Banking Baird's Global Technology & Services Investment Banking team delivers insightful, value-added services and expertise to middle-market clients across a broad range of sector verticals. We combine deep sector knowledge, an expansive relationship network, and premier M&A and capital-raising capabilities to help companies pursue growth plans or consider strategic alternatives. Access the advantages of Baird's global Technology banking capabilities. Learn more at: http://techservices.rwbaird.com/investment-banking/ _____________________________________________ > Financial Diaries: Building Financial Resilience in the Bay Area Join us on October 4th from 1-4PM at the Federal Reserve Bank of San Francisco for a special discussion with the authors of "The Financial Diaries: How Americans Cope in a World of Uncertainty," followed by a panel about the challenges to helping working class families build financial resilience in the Bay Area. All attendees will receive a copy of the book; speakers include co-authors Jonathan Morduch and Rachel Schneider; Sean Kline (SF Office of Financial Empowerment), Linda Bidrossian (Bay Area Council), Lewis Brown (PolicyLink), Charise Fong (East Bay Asian Local Development Corp). Event made possible by the generous support of Citi Foundation. Online registration link can be found by clicking here _____________________________________________ > 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/ =================================================== 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 x1103 or send email to paul@techwiremedia.com News tips, press releases. Send email to: editorial@bayareatechwire.com Tech Wire Mailing Address: P.O. Box 15180 Washington, DC 20003 Copyright: CapWire Inc. 2017

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