Silicon Valley Wire

San Jose-Based Adobe Systems Acquires Behance

San Jose, Calif. -- Adobe Systems, the San Jose-based developer of web publishing software, said it has acquired New York-based Behance, developer of a social media platform that lets users showcase and share their creative work. Financial terms of the deal were not disclosed. Adobe said the acquisition will help add new community features to Creative Cloud, its hub where members can use the company's creative tools and services, then publish and share their work. "When we launched Creative Cloud earlier this year, we committed that we would give members new value on an ongoing basis," said David Wadhwani, Adobe's senior vice president and general manager. "Behance will play a key role in Adobe’s efforts to serve the creative world in the years to come and will accelerate our efforts to enable a more open and collaborative creative community." There are currently more than 3 million projects hosted on the Behance platform. 
http://www.adobe.com
http://www.behance.net
http://www.adobe.com/aboutadobe/pressroom/pressreleases/201212/122012AdobeAcquiresBehance.html

Santa Clara-Based Coherent Acquires Germany's Lumera Laser

Santa Clara, Calif. -- Coherent, a Santa Clara-based provider of photonics technology to the commercial and scientific research markets, said on Friday it has acquired Germany's Lumera Laser in an all-cash deal worth approximately $52 million. Lumera is a developer of ultrafast solid state lasers for microelectronics, materials processing and OEM medical applications. "The acquisition of Lumera complements our internal programs and other recent acquisitions targeted at the rapidly expanding area of short-pulse micromaterials processing and non-refractive ophthalmic surgery," said John Ambroseo, the president and CEO of Coherent.
http://www.coherent.com 
http://www.coherent.com/investors/index.cfm?fuseaction=Popups.ViewRelease&ID=980

Gangnam Style Becomes First Video to Hit 1 Billion Views on YouTube

San Bruno, Calif. -- Gangnam Style, the mega-popular dance hit from 34-year-old Korean pop artist PSY, has become the first video ever to reach one billion views on YouTube, the Google unit said on Friday. The video has been viewed at least 1 million times in nearly 75 countries. "Gangnam Style" was YouTube's top rising search of 2012 and on Oct. 6, was the subject of more than 5 million searches in a single day. The company said it took just five months for the video to surpass its previously most-watched video, Justin Bieber's "Baby."
http://youtube-global.blogspot.com/2012/12/ytvev.html

Redwood Shores-Based Oracle to Acquire Eloqua for $871 Million

Redwood Shores, Calif. -- Oracle, the Redwood Shores-based developer of back-office business software, said on Thursday it will pay approximately $871 million to acquire Virginia-based Eloqua, a maker of software designed to automate the marketing process. Under the deal, expected to close by mid-2013, Oracle will pay $23.50 a share. Oracle said it plans to integrate Eloqua's software into its "customer experience cloud," which will include tools designed to help clients market, sell, support and serve their customers. The company said Eloqua's technology will become the core of its Oracle Marketing Cloud service. "Exceptional customer experience starts with knowing your customer's preferences and delivering a highly personalized buying experience," said Joe Payne, the chairman and CEO of Eloqua.
http://www.eloqua.com/
http://www.oracle.com/eloqua
http://www.oracle.com/us/corporate/press/1887595

Palo Alto-Based Pluribus Networks Raises $23 Million in Third Round

Palo Alto, Calif. -- Pluribus Networks, a Palo Alto-based maker of hardware-accelerated network virtualization tools for datacenters, said on Thursday it has raised $23 million in its third round of funding, led by Menlo Ventures. Previous backers New Enterprise Associates (NEA) and Mohr Davidow Ventures also participated in the round, which the company will use to meet customer demand. Pluribus's Netvisor operating system runs on the company's Server-Switch hardware, providing a platform for fabric-based computing that lets apps move into the network and serve both physical and virtual network infrastructure. Founded in 2010, the company also raised $17.5 million in a round that closed in April 2011.
http://www.pluribusnetworks.com
http://www.pluribusnetworks.com/news/#pn-funding

Foxconn Acquires $200 Million Stake in San Mateo-Based GoPro

San Mateo, Calif. -- Electronics manufacturing giant Foxconn on Thursday acquired a nearly 9% stake in San Mateo-based GoPro, a maker of wearable and gear mountable cameras, for $200 million. The deal values the company at $2.25 billion. Terry Gou, Foxconn's founder and CEO, will join GoPro's board. Products manufactured by Foxconn include Apple's iPhone and iPad, the Sony PlayStation and the Microsoft Xbox. "Foxconn and GoPro see a future where personal content capture and enjoyment will play an increasingly important role in our lives," said Nicholas Woodman, GoPro's founder and CEO.
http://www.gopro.com 
http://www.prnewswire.com/news-releases/foxconn-acquires-200-million-stake-in-gopro-184260891.html

Palo Alto-Based LUMO BodyTech Raises $5 Million in First Round

Palo Alto, Calif. -- LUMO BodyTech, the Palo Alto-based developer of a sensor device designed to improve posture, said on Wednesday it has raised $5 million in its first round of funding, led by Madrona Venture Group. Innovation Endeavors and Jerry Yang also participated in the round, which the company will use to bolster sales and marketing, product development and engineering activities. The company's first product, known as LUMOback, is a form-fitting device that uses a lightweight sensor to track posture and movement, vibrating gently when the wearer slouches or sits for extended periods. The sensor records and transmits biomechanical movements and posture data via Bluetooth to a mobile app, providing a visual that mirrors the wearer's movements. LUMO is currently shipping early versions of the product to Kickstarter backers now, with retail release scheduled for early next year.
http://www.lumoback.com
http://finance.yahoo.com/news/lumo-bodytech-closes-5-million-120000076.html

Palo Alto-Based Signifyd Lands $2 Million in Seed Funding

Palo Alto, Calif. -- Signifyd, the Palo Alto-based developer of a risk and fraud prevention platform, said on Wednesday it has raised $2 million in seed funding, which the startup plans to use to expand its engineering team and accelerate product development. Participants included Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Resolute.VC, Tekton Ventures and other angel investors. Signifyd was founded in 2011 by former PayPal employees to address the complexity of payment validation. Between chargebacks, mistakenly declined orders, and countermeasure costs, the company said the average e-commerce retailer loses 3.1% to fraud each year. "The techniques used by fraudsters are evolving faster than the existing prevention tools," said co-founder and CEO Raj Ramanand. "We pull together all the data needed to screen a transaction and look at the identities involved holistically."
https://www.signifyd.com
http://www.businesswire.com/news/home/20121219006248/en/Signifyd-Raises-2-Million-Seed-Financing-Deliver

San Francisco-Based FitStar Raises $1M for Health and Fitness Platform

San Francisco -- FitStar, a San Francisco-based startup developing a digital health and fitness platform, said on Wednesday it has raised $1 million in a seed round, led by Google Ventures. Advancit Capital and Floodgate Fund also participated in the round, which the company will use to grow its staff and support its first product, a video-based iPad app releasing in the first half of 2013. Mike Maser, FitStar's co-founder and CEO, said the company's platform will power health and fitness apps "that are engaging, entertaining, and which adapt to each user's capabilities." Maser previously held executive leadership positions at AOL, Electronic Arts and Digg, while co-founder Dave Grijalva most recently was the director of platform technology at ngmoco.
http://www.fitstar.com
http://www.businesswire.com/news/home/20121219006388/en/Digital-Fitness-Company-FitStar-Attracts-Early-Funding

National Geographic Suspending New Posts on Instagram

Menlo Park, Calif. --  National Geographic, the iconic nonprofit educational and scientific organization, announced on Tuesday that it will no longer post photos on Instagram, the popular photo-sharing app owned by Menlo Park-based Facebook. The action by National Geographic comes in response to new terms of service released by Instagram that have resulted in a torrent of criticism from users who claim the new rules would permit Instagram to sell their photos. "@NatGeo is suspending new posts to Instagram," wrote National Geographic. "We are very concerned with the direction of the proposed new terms of service and if they remain as presented we may close our account." For its part, Instagram responded to the controversy on its blog on Tuesday, arguing that it has no intention of selling user photos. "Our intention in updating the terms was to communicate that we'd like to experiment with innovative advertising that feels appropriate on Instagram," wrote Kevin Systrom, co-founder of Instagram. "Instead it was interpreted by many that we were going to sell your photos to others without any compensation. This is not true and it is our mistake that this language is confusing."
http://news.cnet.com/8301-1023_3-57559931-93/national-geographic-turns-off-instagram-over-new-terms/
http://blog.instagram.com/post/38252135408/thank-you-and-were-listening

Milpitas-Based Gigamon Names Paul Hooper as New CEO

Milpitas, Calif. -- Gigamon, a Milpitas-based developer of traffic visibility networking tools, said on Wednesday that co-founder Ted Ho has stepped down as its CEO. The company has promoted Paul Hooper, most recently its vice president of marketing and product management, to fill the void. "With his in-depth knowledge of the company, our industry and our customers, Paul has the right skills and ability to lead Gigamon through the next stage of growth," said Corey Mulloy, a general partner at Highland Capital Partners and a member of Gigamon's board of directors.
http://www.gigamon.com 
http://www.gigamon.com/content13915

Palo Alto-Based Accel Partners Invests $30 Million in Plex Systems

Palo Alto, Calif. -- Accel Partners, the Palo Alto-based venture capital firm, said on Tuesday it has invested $30 million in Michigan-based Plex Systems, a developer of cloud-based ERP (Enterprise Resource Planning) tools for manufacturers. Sameer Gandhi, a partner with Accel, will gain a seat on the company's board of directors, joining Francisco Partners, which acquired Plex Systems earlier this year. "Plex Systems represents an opportunity to help move a highly complex and diverse industry -- manufacturing -- to the next computing platform, based in the cloud," said Gandhi. "We believe the manufacturing ERP market represents at least a $5 billion opportunity, and that less than 10% of the market has transitioned to SaaS so far."
http://www.accel.com 
http://www.plex.com
http://www.plex.com/blog/plex-systems-raises-30-million-strategic-investment-from-accel-partners-to-continue-transitioning-manufacturing-industry-to-the-cloud/

Mountain View-Based Exablox Raises $22 Million in Funding

Mountain View, Calif. -- Exablox, the Mountain View-based developer of a cloud-managed storage system for unstructured data, said on Tuesday it has raised $22 million in new funding. The company said it secured $7 million in its first round, co-led by DCM and Norwest Venture Partners, and $15 million in its second round, led by US Venture Partners. It plans to use the proceeds to expand product development, industry partnerships and marketing activities. Founded in 2010, Exablox said it has built its system from the ground up, working with customers and partners to eliminate pain points such as runaway costs, complicated installation, cumbersome management and lack of data security. "Companies are frustrated by being forced into expensive storage products made unbearably complex by layers of bolt-on technologies, when they simply want a solution to address their business needs," said CEO Douglas Brockett.
http://www.exablox.com
http://www.exablox.com/news.html

Discovery Leads New Funding for San Francisco-Based Grockit

San Francisco -- Grockit, the San Francisco-based developer of a social learning network, said on Tuesday it has landed a new round of funding, led by Discovery Communications, the Maryland-based media company behind such cable TV staples as the Discovery Channel, TLC and Animal Planet. Other participants include Summit Group and previous backers Atlas Venture, Benchmark Capital, Integral Capital Partners and GSV Capital. Financial terms of the deal were not disclosed. In addition to the investment, the relationship with Discovery also includes other business aspects, such as shared technology, as well as possible marketing, distribution and promotion opportunities with Grockit's Learnist platform. Launched in May, Learnist encourages users to learn from and teach each other about a wide range of academic and casual learning topics. Users curate media-rich boards, called Learn Boards, to share their knowledge. The company also launched Learnist apps for the iPad and iPhone in September. "Our relationship will combine Learnist social learning technology with Discovery's massive reach and footprint," said Grockit CEO Roy Gilbert.
http://www.grockit.com
http://www.discoverycommunications.com
http://www.businesswire.com/news/home/20121218006359/en/Grockit-Announces-Strategic-Investment-led-Discovery-Communications

Mandiant Opens Security Operations Center in Redwood City

Redwood City, Calif. -- Mandiant, a Virginia-based developer information security and incident response products, said on Tuesday it has opened a 10,000-square-foot security operations center in Redwood City. The facility will house network and intelligence analysts, malware engineers, forensics specialists and incident response teams. The company also said it has moved to a larger facility on Main Street in San Francisco after outgrowing its previous offices in the city.
http://www.mandiant.com
http://www.businesswire.com/news/home/20121218006157/en/Mandiant%C2%AE-Opens-Offices-Ireland-Support-Rapid-Growth

San Francisco's Influitive Lands $7.3 Million in First Round

San Francisco -- Influitive, developer of a B2B marketing platform with offices in San Francisco and Toronto, said on Monday it has raised $7.3 million in its first round of funding, co-led by Hummer Winblad and Relay Ventures. Previous backers Lightspeed Venture Partners, New Enterprise Associates (NEA), Illuminate Ventures, Resolute.VC and Common Angels also participated in the round, which the company will use to expand its marketing, sales and services teams, as well as to accelerate the development of AdvocateHub, its advocate marketing platform. The platform is designed to help marketers recruit, mobilize and recognize advocates that support marketing campaigns, refer new clients and help close deals faster. Lars Leckie of Hummer Winblad and Alex Baker of Relay Ventures will join Influitive's board of directors.
http://www.influitive.com
http://www.prnewswire.com/news-releases/influitive-secures-73-million-in-series-a-funding-to-empower-customer-advocates-183763641.html

Report: Google Nearing Antitrust Settlement with FTC

Mountain View, Calif. -- Google may be nearing a deal with the Federal Trade Commission (FTC) that would end the agency's two-year antitrust probe into the Internet search giant, Politico reported. Two unnamed sources told the publication that Mountain View-based Google would make several voluntary changes under the proposed deal, including limiting its use of "snippets" of user reviews from sites like TripAdvisor and Yelp. Those and other similar sites have long complained that Google has been publishing their content without permission. In another proposed settlement with the FTC, Google also would stop using its vast stockpile of patents to keep competitors from getting many of their products to market. More details are available at the link below.
http://www.politico.com/story/2012/12/google-to-tweak-practices-to-end-search-probe-85125.html

Santa Clara-Based Aeria Games Merges with Japan's Gamepot

Santa Clara, Calif. -- Aeria Games & Entertainment, a Santa Clara-based publisher of free-to-play online games, said on Monday it has merged with Gamepot, a Japanese developer of PC and mobile games. Financial terms of the deal were not disclosed. The combined entity will operate under a U.S.-based holding company headed by Lan Hoang, the CEO of Aeria Games, and Hiroki Totoki, the chairman of Gamepot. Aeria shareholders will own a majority stake, though each company will continue its own brand identity. Hoang said the merger "helps to cement our position as a truly global multi-platform publisher and developer." The combined entity will have almost 600 employees with offices in the U.S., Japan, Germany, Brazil, and Korea.
http://www.aeriagames.com 
http://company.gamepot.co.jp/english/
http://www.businesswire.com/news/home/20121217005458/en/Aeria-Games-Gamepot-Merge-Create-Global-Force

San Francisco's Velti Names Jeff Ross as New CFO

San Francisco -- Velti, an Irish developer of mobile marketing and advertising technology with U.S. headquarters in San Francisco, on Monday named Jeff Ross as its new CFO. He succeeds Wilson Cheung, Velti's, who will assume a new role focused on the company's Asian markets. Ross most recently served as the CFO at Sybase, where he also previously served as chief accounting officer and corporate controller. He becomes the fourth senior executive to join Velti's top ranks in the past six months.
http://www.velti.com
http://www.businesswire.com/news/home/20121217005694/en/Velti-Appoints-Jeff-Ross-Chief-Financial-Officer

California Falls to No. 41 on Forbes' "Best States for Business" List

California fell two spots to No. 41 in Forbes' newly released list of "The Best States for Business and Careers." Utah topped the list for the third straight year, followed by Virginia, North Dakota, North Carolina and Colorado. While California led the nation in terms of growth prospects, it was hurt by low rankings in business costs (No. 43), regulatory environment (40) and  economic climate (No. 37). The complete list is available at the link below.
http://www.forbes.com/best-states-for-business/

Redwood Shores-Based Oracle to Acquire Sausalito-Based DataRaker

Redwood Shores, Calif. -- Oracle, the Redwood Shores-based maker of back-office business software, said it will acquire Sausalito-based DataRaker, developer of a cloud-based analytics platform that lets electric, gas and water utilities to use vast amounts of data to optimize their operations. Financial terms of the deal were not disclosed. "Big data created by smart meters and sensors has presented utilities with an enormous opportunity to improve operations and deliver better customer service," said Rodger Smith, the senior vice president and general manager of Oracle Utilities, adding that the acquisition will allow his company to "provide customers a complete and integrated set of products to further unlock efficiencies."
http://www.oracle.com
http://www.dataraker.com
http://www.oracle.com/dataraker
http://www.oracle.com/us/corporate/press/1885589

Global Semiconductor Alliance Names 2012 Award Winners

San Jose, Calif. -- The San Jose-based Global Semiconductor Alliance (GSA) on Friday named the winners of its 2012 GSA Awards, which annually recognize the accomplishments of semiconductor companies. The organization's most prestigious award, the Dr. Morris Chang Exemplary Leadership Award, was presented to Robin Saxby, the founding CEO of ARM. A complete rundown of the winners is available at the link below.
http://www.gsaglobal.org 
http://www.businesswire.com/news/home/20121214005015/en/Global-Semiconductor-Alliance-Announces-2012-Award-Recipients

Milpitas-Based SanDisk Launches $75 Million Venture Capital Fund

Milpitas, Calif. -- SanDisk, the Milpitas-based maker of flash memory storage devices, said on Thursday it has launched a $75 million venture capital program to invest in startups in the flash memory space. The initiative, to be known as SanDisk Ventures, already has made its first investment, as part of a $31 million round for New Jersey-based data storage company Whiptail. SanDisk said the fund will specifically target the areas of solid-state memory technology, enterprise storage, storage technologies managing "big data" and cloud computing technologies. "Our investments in innovative startups and new technologies can help accelerate market growth, provide deeper insight into potential disruptive uses of flash and promote closer ties to key industry players," said Sumit Sadana, SanDisk's executive vice president and chief strategy officer.
http://www.sandisk.com
http://www.sandisk.com/about-sandisk/press-room/press-releases/2012/sandisk-launches-new-venture-capital-investment-initiative/

Lithium Technologies to Move from Emeryville to San Francisco

Emeryville, Calif. -- Lithium Technologies, a developer of software that lets businesses create their own social networks and online communities, said on Thursday it will move its headquarters from Emeryville to San Francisco, more than doubling its office space. The company said it will relocate to the historic Standard Oil Building in downtown San Francisco by June 2013. The approximately 50,000 square feet space is being reconfigured to accommodate around 400 employees, as well as a customer briefing center. "With our rapid growth and numerous additions across the Lithium team in the past year we’ve quickly reached capacity at our current facility," said CEO Rob Tarkoff. "Our new headquarters will give us the space we need to accommodate our growth." Lithium also has named Jennifer Trzepacz as its senior vice president of human resources. Trzepacz most recently served as the vice president of human resources at LivingSocial. .
http://www.lithium.com
http://www.lithium.com/news-events/press-releases/2012/lithium-technologies-sets-move-for-new-san-francisco-headquarters

San Ramon-Based Green Plug Raises Third Round of Funding

San Ramon, Calif. -- Green Plug, a San Ramon-based developer of programmable mixed-signal controllers for the AC-DC power converter market, said it has raided an unspecified amount in its third round of funding, led by Imagination Technologies Group. Herald Ventures, Killik & Co. and Peninsula Ventures also participated in the round. "Our goal is to become the IP leader in our space, delivering on the promise of bringing innovative and affordable solutions for AC-DC power devices, integrated wireless power and eventually, when the market is right, Smart Grid connectivity," said founder and CEO Frank Paniagua Jr. Green Plug's technology enables consumer electronics manufacturers to upgrade from traditional analog-controlled power adapters to "smart" digitally controlled systems designed to save power and speed product development.
http://www.greenplug.com
http://www.greenplug.us/pressreleasedetail.php?id=127

Sunnyvale-Based Yahoo Names Max Levchin to Board; Two Step Down

Sunnyvale, Calif. -- Yahoo, the Sunnyvale-based Internet giant, on Thursday named Max Levchin to its board of directors, filling one of the voids created by the resignations of David Kenny and Brad Smith, who are stepping down to focus on their companies. Levchin is a computer scientist, serial entrepreneur and angel investor with experience building Internet companies. He also has served as the vice president of engineering at Google after its acquisition of Slide, an early developer of social apps that he founded and ran. In addition, Levchin incubated and was the first investor in Yelp. The company's board now has 11 members.
http://www.yahoo.com
http://pressroom.yahoo.net/pr/ycorp/241776.aspx

Condoleezza Rice's Consulting Firm to Work with VC Firm Khosla Ventures

Menlo Park, Calif. -- Khosla Ventures, the Menlo Park-based venture capital firm, said on Thursday it has partnered with RiceHadleyGates, a Menlo Park- and Washington, DC-based consulting firm whose principals include former Secretary of State Condoleezza Rice and former Secretary of Defense Robert Gates. The firm focuses on helping technology companies expand into emerging markets and handle national security and public policy challenges. Under the deal, RiceHadleyGates will advise Khosla's portfolio companies on political, policy and regulatory issues in markets such as China, India and Brazil.
http://www.ricehadleygates.com
http://www.khoslaventures.com/
http://www.businesswire.com/news/home/20121213005321/en/Khosla-Ventures-Teams-RiceHadleyGates-LLC-Strategic-Insight

Santa Clara-Based CloudVelocity Raises $5 Million in First Round

Santa Clara, Calif. -- CloudVelocity, the Santa Clara-based developer of a hybrid cloud automation platform, said on Wednesday it has landed $5 million in its first round of funding from Mayfield Fund. The company will use the proceeds to accelerate the development of its hybrid cloud automation software, and has announced the release of its beta trial software. "Our goal is to enable enterprises to operate hybrid clouds as seamless extensions of the data center," said CEO Rajeev Chawla. "Cloud cloning, migration and failover are our first steps in that direction."
http://www.cloudvelocity.com
http://www.businesswire.com/news/home/20121212005432/en/CloudVelocity-Emerges-Stealth-Mode-Announces-5-Million

San Francisco-Based Plizy Lands $4 Million in First Round

San Francisco -- Plizy, the San Francisco-based developer of a cloud-based tool designed to let users search, watch and share any content available online, said on Wednesday it has raised $4 million in its first round of funding from Atlas Venture. The company will use the proceeds to work on expanding its audience, aggregating more content from providers such as Cinemax, Snagfilm and Starz, and building out its offerings across multiple platforms, specifically on Android and iOS. It  previously raised $1.2 million in angel funding. Plizy first launched its iPad app in May 2011 to allow users to find relevant online videos based on their individual interest graph. Then, last month, the company launched an updated version, including a new website and iPad app. Plizy currently aggregates more than 550,000 movies, 200,000 shows and 100 million videos from the major video services.
http://www.plizy.com .
http://www.businesswire.com/news/home/20121212005488/en/Plizy-Raises-4-Million-Series

Palo Alto-Based Costanoa Venture Capital Launches with $100M Fund

Palo Alto, Calif. -- Costanoa Venture Capital, a Palo Alto-based early-stage investment firm focused on the cloud services arena, said on Wednesday it has formally launched operations after raising $100 million for its initial fund. It also has made its first 10 investments, funding data and analytics startups Datalogix, DemandBase, Guardian Analytics, Inflection, Intacct, iSocket, Lex Machina, LinkSmart, Return Path and Risk I/O. Costanoa said it plans to provide seed- and first-round investments ranging from $500,000-$3 million. Greg Sands, the firm's founder and managing partner, previously spent more than a decade investing in cloud-based services companies, such as Allbusiness.com, Feedburner, Merced Systems, QuinStreet and Youku.
http://costanoavc.com/
http://costanoavc.wordpress.com/
http://costanoavc.com/assets/downloads/Costanoa-VC-Fund-Press-Release.pdf (PDF)

Mountain View-Based Jibe Mobile Lands $8.3 Million in New Funding

Mountain View, Calif. -- Jibe Mobile, a Mountain View-based developer of cloud-based communications technology, said on Wednesday it has raised $8.3 million in a new round of funding. Vodafone Ventures, Japanese game developer MTI and other investors took part in the round, which the company will use to build its platform that it says will enable developers to rapidly incorporate rich communications -- like video chat and real-time gaming -- into mobile apps. "There is no doubt that rich communications is becoming an increasingly important part of the consumer mobile experience," said co-founder and CEO Amir Sarhangi. "Jibe's mission is to make carrier-grade communications simple and accessible for the global market."
http://www.jibemobile.com
http://www.jibemobile.com/wp-content/uploads/2011/01/Jibe-Funding-Press-Release.pdf (PDF)

San Carlos-Based NatureBox Raises $2 Million in Seed Funding

San Carlos, Calif. -- NatureBox, the San Carlos-based developer of a healthy snack subscription service, said it has raised $2 million in a seed round of funding, co-led by General Catalyst Partners and Redpoint Ventures. Several individual investors also participated. Launched in January, NatureBox delivers subscribers 15-20 servings of 4-6 items for $19.95 a month. Items are curated by a nutritionist based on a seasonal health and wellness theme, and sourced from local growers and independent food suppliers. All snacks are free from high fructose corn syrup, hydrogenated oils, trans fats and artificial sweeteners, flavors and colors. The concept evolved from co-founder Gautam Gupta's personal struggle with childhood obesity, as well as his time spent as a venture capitalist. "We focused on snacks because today's children and adults are snacking three times more than they did just 30 years ago and consuming a third of their daily calories from snacks," said Gupta. "Snacking is what caused my obesity, and I know my struggles could have been prevented if I had had easier access to healthier choices." The company plans to use the proceeds to enhance its online shopping platform, fill key management positions and scale operations.
http://www.naturebox.com
http://www.marketwire.com/press-release/naturebox-raises-20-million-to-deliver-healthy-snacking-to-americas-doorstep-1736288.htm

Palo Alto-Based WatchDox Acquires InstallFree

Palo Alto, Calif. -- WatchDox, a Palo Alto-based developer of enterprise file sharing tools, said on Tuesday it has acquired Connecticut-based InstallFree, a developer of tools for creating and editing files across platforms and devices. Financial terms of the deal were not disclosed. WatchDox said it plans to integrate InstallFree's technology into its own virtual appliance platform, with generally available expected in early 2013. InstallFree's development team also will join WatchDox. "WatchDox users can collaborate across devices and operating systems while still enjoying the peace of mind that sensitive data remains secure," said CEO Moti Rafalin.
http://www.watchdox.com
http://www.installfree.com/message
http://www.businesswire.com/news/home/20121211005838/en/WatchDox-Acquires-InstallFree-Provide-Secure-Document-Viewing