Silicon Valley Wire

nivio Raises $21 Million to Expand Engineering in Palo Alto

Palo Alto, Calif. -- nivio, developer of a platform that provides access to desktop apps, data and a Windows environment from almost any device, said on Thursday it has raised $21 million to expand engineering efforts at its Palo Alto office and further roll-out its technology. India-based Videocon and Kansas City-based AEC Partners participated. nivio said its clients for iOS, Android, Windows and Mac will be available later this month along with its Ubiquity client, which can deliver an entire desktop over any HTML5 browser. The company's app store lets users rent desktop software on any screen, with customers also gaining access to 10GB of free storage they can use to drop their files and have them synced across their devices.
http://www.nivio.com
http://www.businesswire.com/news/home/20120209005307/en/nivio%C2%AE-secures-21M-investment-support-mission-bringing

Dassault Systemes Acquires San Francisco-Based Netvibes

San Francisco -- Dassault Systemes, a French developer of 3D design and digital mock-up software, said on Thursday it has acquired San Francisco-based Netvibes, developer of an platform that lets users create personalized dashboards for real-time monitoring, social analytics, knowledge sharing and decision support. Financial terms of the deal were not disclosed. "Netvibes is a perfect fit for our 3D Experience platform," said Bernard Charles, the president and CEO of Dassault. "It will connect information related to all product, service and user experiences from internal and external data sources, all in real-time and in-context." Clients such as Coca-Cola and the Department of Energy use Netvibes' tools to improve decision-making. The company also helps more than 4 million people a month create free dashboards to manage their daily digital lives.
http://www.3ds.com/netvibes 
http://blog.netvibes.com/netvibes-is-now-part-of-dassault-systemes/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NetvibesDevBlog+%28Netvibes.com+Blog%29

San Francisco's Virtustream Completes Acquisition of Enomaly

San Francisco -- Virtustream, a Maryland-based provider of cloud computing services with a major presence in San Francisco, said on Thursday it has completed its acquisition of Toronto-based Enomaly, developer of a marketplace for buyers and sellers to exchange available computing and storage capacities. Financial terms of the deal, first announced in December, were not disclosed. Virtustream said it will continue to support Enomaly's products, including its ECP public cloud software and SpotCloud cloud exchange. The company also said the deal will allow it to quickly expand its distribution into China, where Enomaly already has gained significant traction.
http://www.virtustream.com  
http://www.enomaly.com   
http://www.virtustream.com/pdf/EnomalyCloseRelease_020912.pdf (PDF)

Mountain View-Based ChemoCentry Prices IPO; Shares Rise 10%

Mountain View, Calif. -- Shares of Mountain View-based ChemoCentry rose 10% on their first day of trading Wednesday after the clinical-stage biopharmaceutical firm priced its initial public offering (IPO). The company is selling 4.5 million shares for $10 each -- below its expected price range of $14-$16 -- and expects to generate net proceeds of $39.4 million. Shares of ChemoCentryx are now trading on the Nasdaq Global Select Market under the symbol "CCXI." The company is developing oral drugs to treat autoimmune diseases, inflammatory disorders and cancer.
http://www.chemocentryx.com/
http://www.sec.gov/Archives/edgar/data/1340652/000119312512044954/d237820ds1a.htm

San Francisco-Based Extole Lands $10 Million in Third Round

San Francisco -- Extole, the San Francisco-based developer of a social marketing platform used by brands and agencies, said on Wednesday it has raised $10 million in its third round of funding, led by Shasta Ventures. Previous investors Norwest Venture Partners, Redpoint Ventures and Trident Capital also participated in the round, which increased the company's total backing to $22 million.The company said it will use the new funds to fuel growth, scale operations and accelerate product and platform investments. Extole's platform powers social referral programs, promotions, testimonials and social analytics for more than 200 brands. Clients include Kate Spade New York, J. Hilburn, AAA, Shutterfly, New York Times and SkyMall.
http://www.extole.com 
http://extole.com/press-coverage/extole-secures-10-million-in-series-c-funding-led-by-shasta-ventures/

S.F.-Based TastemakerX Raises $1.8 Million in First Round

San Francisco -- TastemakerX, the San Francisco-based developer of a social mobile game for music fans, said on Wednesday it has raised $1.8 million in its first round of funding to officially launch the company. Investors included Guggenheim Partners, Baseline Ventures, True Ventures, AOL Ventures and Tekton Ventures, as well as Internet and music industry advisors John Battelle, Marc Geiger, Ian Rogers, Paul Bricault and Ted Rheingold. Angel investors Andrew Anker, Mich Mathews, Michael Kassan and Mike McGinley also took part. The company said it plans to release its debut TastemakerX Music mobile app as a private beta in early March. Founders Marc Ruxin and Sandro Pugliese both started their careers in the A&R department at EMI records in the early 1990s. "What music fan doesn't want to be the first to discover the next big band and get credit for it?" said Ruxin, who serves as CEO. "Like fantasy sports for music lovers, players will be able to browse portfolios of like-minded music aficionados to discover new music and see real-time news about the artists they love."
http://www.tastemakerx.com
http://tastemakerx.com/press_center/press_releases

Sunnyvale-Based Yahoo Announces Board Shake-Up

Sunnyvale, Calif. -- Looking for fresh thinking following the recent appointment of new CEO Scott Thompson, Sunnyvale-based Yahoo said on Tuesday that four members of its board, including Chairman Roy Bostock, won't stand for re-election. "The board has concluded that in order to accelerate the company's transformation, the combination of a new chief executive officer with an enhanced team of independent directors would provide Yahoo with the expertise and perspectives necessary to drive innovation and growth going forward," wrote Bostock in a letter to shareholders. Others who won't return include Vyomesh Joshi, an executive vice president at HP; and private investors Arthor Kern and Gary Wilson. To partially fill the void, the company has named Alfred Amoroso, the former president and CEO of Rovi, and Maynard Webb Jr., the chairman and former CEO of LiveOps, as directors. With last month's resignation of Yahoo co-founder Jerry Yang, the majority of the company's board will have turned over this year.
http://pressroom.yahoo.net/pr/ycorp/228581.aspx

San Francisco-Based Flingo Raises $7 Million from August Capital

San Francisco -- Flingo, a San Francisco-based publisher of smart TV apps, said on Tuesday it has raised $7 million in its first round of funding from August Capital. August's David Marquardt, the sole venture investor and 30-year board member of Microsoft, and Howard Hartenbaum, a founding investor in Skype, will join the company's board of directors. Flingo said it will use the proceeds to expand its device footprint, as well as its automatic content recognition infrastructure, which identifies broadcast network programs in real-time. Once the programming is identified, the company said its SyncApps technology can immediately bring contextually relevant content to a viewer's TV, laptop, tablet or smart phone. The company's technology is currently available on smart TVs and devices from manufacturers including Samsung, LG, Vizio, Sanyo, Insignia, Western Digital and Netgear. "Our new investors share our vision that Smart TVs represent a unique way to improve the TV viewing experience and an opportunity to unlock new sources of growth in the $60 billion TV advertising business," said co-founder and CEO Ashwin Navin.
http://www.flingo.tv
http://www.marketwire.com/press-release/flingo-secures-7-million-in-series-a-funding-from-august-capital-1616079.htm

San Mateo-Based Conviva Raises $15 Million in New Funding Round

San Mateo, Calif. -- Conviva, a San Mateo-based developer of online video technology designed to eliminate choppy, unpredictable viewing for both live events and on-demand content, said on Monday it has raised $15 million in a new round of funding, led by Time Warner Investments. Several previous investors also contributed. The company said it will use the capital to accelerate growth in international markets, as well as to expand its staff. Conviva's analytics and video optimization platform is used by studios, networks, sports leagues and content aggregators to raise the quality of online viewing, eliminating buffering, stuttering and stalling. Using viewer-side statistics, the platform is designed to preemptively adjust the video bit rate and stream source before an interruption occurs.
http://www.conviva.com
http://www.businesswire.com/news/home/20120206005524/en/Time-Warner-Investments-Leads-15-Million-Funding

Sunnyvale-Based Rambus Acquires Unity Semiconductor for $35 Million

Sunnyvale, Calif. -- Rambus, a Sunnyvale-based developer and licensor of electronic systems architectures, said on Monday it has acquired Sunnyvale-based memory technology company Unity Semiconductor for $35 million in cash. Unity has developed a solid state memory technology intended to replace NAND in the growing non-volatile memory market. Rambus said the deal will expand the breadth of its memory technologies, as well as open new markets for licensing. Unity's employees have joined Rambus. "With the addition of Unity, we can develop non-volatile memory solutions that will advance semiconductor scaling beyond the limits of today’s NAND technology," said Sharon Holt, senior vice president and general manager of the Semiconductor Business Group at Rambus.
http://www.rambus.com
http://www.rambus.com/us/news/press_releases/2012/120206.html?utm_source=rambus&utm_medium=link_home_page_flash&utm_campaign=unity

San Francisco-Based MoBeam Adds $1.5 Million More to First Round

San Francisco -- Mobeam, a San Francisco-based developer of communications technology that allows mobile phones to interact with laser scanners at retail checkouts, said on Monday it has added another $1.5 million to its first round of funding, closing the round at $6.4 million. DFJ Athena, a Korea-focused venture fund affiliated with Draper Fisher Jurvetson, and previous backer and board chairman Ben DuPont participated. The company originally announced $4.9 million in October from yet2Ventures, Samsung Ventures and Mitsui, as well as other independent investors. Mobeam then ended the year by announcing a partnering with Procter & Gamble to bring the first-ever fully mobile couponing system to market. The project will make electronic coupons presented on a mobile device scannable, so shoppers will need only their device, instead of paper coupons.
http://www.mobeam.com
http://www.businesswire.com/news/home/20120206005128/en/Mobeam-Extends-Series-Venture-Funds

San Francisco-Based Ridejoy Lands $1.3 Million in Seed Funding

San Francisco -- Ridejoy, the San Francisco-based developer of an online ridesharing community, said on Monday it has raised $1.3 million in a round of seed funding, led by Freestyle Capital. Lerer Ventures, Start Fund, SV Angel, Founder Collective and Y Combinator also contributed, along with individuals including Ben Ling, Owen Van Natta and Joshua Schachter. The company will use the funds to bolster its design and engineering capacity, as well as expand beyond its current West Coast presence. Ridejoy's site is designed to bring drivers and passengers together on long distance roadtrips. "We're designing our social ridesharing community to be friendlier and more convenient than driving alone, flying or taking the bus," said co-founder Kalvin Wang.
http://www.ridejoy.com
http://www.prweb.com/releases/2012/2/prweb9160523.htm

Doritos Super Bowl Spot Tops USA Today-Facebook Panel

Menlo Park, Calif. -- A Doritos commercial, featuring a dog that bribes a man with the snack chips so he keeps quiet, was the highest rated Super Bowl ad, according to a panel of viewers assembled by USA Today and Menlo Park-based Facebook. The panel measured volunteers' immediate reactions to national ads that aired during the game. The Doritos -- Man's Best Friend spot led the way with 8.82 on a scale of 0-10, followed by Volkswagen -- Dog Strikes Back (8.73), Skechers -- Go Run (8.57), Doritos -- Sling Baby (8.48) and M&Ms -- Ms. Brown (8.47). Additional voting by the general public will continue at the links below, with a final winner announced Tuesday at 10 p.m. ET.
http://www.admeter.usatoday.com
http://www.facebook.com/sports 

White House Launches "Equal Pay App Challenge"

Washington, DC -- Looking to eliminate the gap in pay between men and women, the White House has launched the "Equal Pay App Challenge" -- a national competition to develop software apps that incorporate publicly available data and resources to promote equal pay. The news comes just days after President Obama highlighted the issue in his State of the Union address, saying "an economy built to last is one where we encourage the talent and ingenuity of every person in this country. That means women should earn equal pay for equal work." The competition encourages developers to create easy-to-use apps that educate users about the pay gap and provide tools to combat it. This is the latest in a series of app challenges launched by the White House, which previously held contests such as "Apps for Heroes," "Apps Against Abuse" and "Apps for Healthy Kids." The winner of the latest challenge will be announced in April.
http://equalpay.challenge.gov
http://www.whitehouse.gov/blog/2012/02/01/equal-pay-app-challenge-help-close-gender-pay-gap-0

Santa Clara-Based Palo Alto Networks Names Steffan Tomlinson as CFO

Santa Clara, Calif. -- Palo Alto Networks, the Santa Clara-based developer of firewall technology, has named Steffan Tomlinson as its new CFO. He succeeds Michael Lehman, who will assist with the transition. Tomlinson from 2005-2011, served as the CFO of Aruba Networks, playing a key role in the company's initial public offering (IPO). He also previously served as the CFO of Peribit Networks. "His proven ability to manage growth through a transition from the private to the public markets, combined with his passion for innovation and focus on customer success, make him a great fit for our long-term strategy," said Mark McLaughlin, the company's president and CEO.
http://www.paloaltonetworks.com
http://www.paloaltonetworks.com/news/press_releases/2012-0202-steffan-tomlinson.html

Mountain View-Based Iridex Sells Aesthetic Laser Business to Cutera

Mountain View, Calif. -- Iridex, a Mountain View-based maker of laser-based medical systems and delivery devices, said on Friday it has sold its aesthetic business to Brisbane-based Cutera for approximately $5.1 million. Cutera said the move will bolster its presence among core physicians, while giving it a strong foothold in the vascular aesthetic sector. Iridex, meanwhile, said it plans to focus on its core ophthalmology business, which revolves around products used to perform laser therapy for the treatment of eye diseases.
http://www.iridex.com
http://www.iridex.com/cutera/
http://www.cutera.com/company/news-detail.php?id=200136

Micron Head Steve Appleton Killed in Small Plane Crash

Boise, Idaho -- The technology world was saddened on Friday after news broke that Steve Appleton, the chairman and CEO of memory technology giant Micron, died in a small plane crash Friday morning in Boise, Idaho. He was 51. "Steve's passion and energy left an indelible mark on Micron, the Idaho community and the technology industry at large," the company said in a statement. Appleton joined Micron in 1983, and was named president and COO in 1991. Three years later, he was promoted to chairman and CEO. Micron operates a design and sales facility in San Jose, and also has a Flash technology joint venture with Santa Clara-based Intel.
http://investors.micron.com/releasedetail.cfm?ReleaseID=646118
http://www.micron.com/about/company/leadership/steven-r-appleton

Facebook Files for $5 Billion IPO; Likely Record for U.S. Internet Company

Menlo Park, Calif. -- In what may be the most anticipated initial public offering (IPO) in history, Menlo Park-based social network Facebook late Wednesday filed with the Securities and Exchange Commission (SEC) to raise $5 billion in a move that could value the company at as much as $100 billion. The IPO would be the largest-ever for a U.S. Internet company, eclipsing Google's $1.9 billion offering in 2004. Eight-year-old Facebook, which plans to trade under the symbol "FB," is expected to price the offering as soon as this spring, but has yet to release specific details, such as the number of shares to be sold or their expected price range. Media reports estimate that the IPO could create as many as 1,000 millionaires among Facebook's employees and investors, with co-founder Mark Zuckerberg, who owns a nearly 30% stake, standing to make as much as $28 billion alone. Morgan Stanley will act as lead underwriter, along with J.P. Morgan and Goldman Sachs. Facebook revealed in the filing that it currently has 845 million monthly active users, and made a profit of $1 billion last year on revenue of $3.7 billion.
http://www.facebook.com
http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm

Sunnyvale-Based ShoreTel to Acquire M5 Networks

Sunnyvale, Calif. -- ShoreTel, a Sunnyvale-based developer of IP phone systems, said it will acquire New York-based M5 Networks, a provider of hosted unified communications services, in a deal valued at $146.3 million. Under the agreement, M5 shareholders will receive $84 million in cash and 9.5 million shares of stock. They also could get up to $13.7 million more, based on M5's performance through the end of the year. ShoreTel said the acquisition will allow it to reach a growing market segment of customers looking to deploy IP communications through a hosted model. "This acquisition is a critical step in our evolution and enables the company to capitalize on trends in cloud computing and advance our enterprise communications strategy," said CEO Peter Blackmore. The deal is expected to close by the end of March.
http://www.m5.net/
http://www.shoretel.com/about/newsroom/press_releases/ShoreTel_Acquires_Hosted_Unified_Communications_Pioneer_M5_Networks.html

Redwood City-Based Openwave Sells Location Business to Persistent

Redwood City, Calif. -- Openwave Systems, the redwood City-based developer of mobile technology, said it has sold its location business to a unit of Persistent Systems, a provider of outsourced software development services based in San Jose and India. Financial terms of the deal were not disclosed. The news comes less than a month after Openwave said it would seek "strategic alternatives" for its product businesses, while focusing on intellectual property. "We have achieved the first milestone in our strategic initiative to divest Openwave of its product businesses," said CEO Mike Mulica. "We continue to believe in our ability to drive toward the execution of our strategic plan for our market-leading mediation and messaging product lines, as we continue to focus on our intellectual property business and drive long-term profitability."
http://www.openwave.com/
http://www.openwave.com/news_and_events/press_releases/2011/20120201_opwv_location_biz.html
http://www.persistentsys.com/NewsEvents/PressReleaseDetails/tabid/236/Default.aspx?IDPressRelease=85

Palo Alto-Based Revolution Analytics Names David Rich as New CEO

Palo Alto, Calif. -- Revolution Analytics, a Palo Alto-based provider of software and services based on the open source R project for statistical computing, on Thursday named David Rich as its new CEO. Rich, most recently the global managing director of Accenture Analytics, succeeds Norman Nie, who will remain a board member and serve as the company's senior advisor for products and strategy. Rich is a 28-year veteran of Accenture.
http://www.revolutionanalytics.com/
http://www.revolutionanalytics.com/news-events/news-room/2012/revolution-analytics-names-david-rich-new-ceo.php

Los Altos-Based Jemstep Raises $6 Million in First Round

Los Altos, Calif. -- Jemstep, the Los Altos-based developer of a recently launched personal online investment guidance and management service, said on Wednesday it has raised $6 million in its first round of funding. The company, which now has raised $10.5 million since its inception, said it will use the proceeds to drive product development, fuel growth and accelerate corporate recruitment. Identities of the investors were not disclosed. "We've seen a significant need in the marketplace for a web service that offers personalized, transparent and unbiased investment advice," said CEO Michael Blumenthal. "The new funding will enable us to disrupt the status quo and introduce new features to help people better align their investment strategies with their financial goals." Jemstep launched its service in October  after spending several years in private beta. The site currently tracks more than $300 million worth of investments.
http://www.jemstep.com
http://www.marketwire.com/press-release/jemstep-secures-6-million-series-a-funding-1613647.htm

Menlo Park-Based Institutional Venture Partners Invests $20 Million in Domo

Menlo Park, Calif. -- Institutional Venture Partners (IVP), the Menlo Park-based venture capital firm, said on Wednesday it has invested $20 million in Utah-based Domo, a business intelligence startup launched by Omniture co-founder Josh James. The company now has raised $63 million since it July, with other investors including Benchmark Capital, Andreessen Horowitz, Ron Conway and David Lee of SV Angel and Hummer Winblad. "This move fills the coffers and enables us to stay focused on execution," said James. "It also provides flexibility as we build out our sales organization and position the company to take advantage of strategic growth opportunities." Domo said it has developed a new form of business intelligence -- a web-based executive management platform designed to help managers and executives transform the way they run their businesses. IVP also invested in James' prior company, Omniture.
http://www.domo.com
http://www.ivp.com
http://www.domo.com/company/press-releases/112

San Ramon-Based Estech Lands $7 Million in Venture Loans

San Ramon, Calif. -- Estech, a San Ramon-based medical devices that allow cardiac surgeons to perform a variety of minimally-invasive surgical procedures, said on Wednesday it has landed $7 million in venture loans from NXT Capital's Venture Finance Group and Silicon Valley Bank. The company, which is backed by Saints Capital, Waveland Securities, NBGI Ventures, Telegraph Hill Partners and Tullis Health Investors, said it will use the financing to fuel key growth initiatives. Estech's product lines span three cardiac surgery disciplines, including surgical ablation, valve replacement or repair and coronary artery bypass grafting. 
http://www.nxtcapital.com/venture-finance
http://www.svb.com
http://www.estech.com
http://www.nxtcapital.com/2012/02/nxt-capital-venture-finance-and-silicon-valley-bank-provide-7-million-venture-loan-package-to-estech-inc/

Sunnyvale-Based Cambrios Raises $5 Million, Names New CEO

Sunnyvale, Calif. -- Cambrios Technologies, a Sunnyvale-based developer of nanotechnology-based transparent electrodes used to make consumer electronics devices, said it has raised $5 million in a new round of funding from Samsung Venture Investment and named John LeMoncheck as its president and CEO. The investment follows close discussions between Cambrios and Samsung Group regarding potential collaborations. LeMoncheck, most recently the president and CEO of SiBEAM, succeeds Michael Knapp, who will become chairman. The company said its ClearOhm material, which can be purchased as a coating material for plastic or glass, is designed to help electronics manufacturers achieve better transmission and resistance than with indium tin oxide (ITO). The coating can also be purchased already deposited on PET film and others substrates, or as a transfer film from several different optical film providers.  
http://www.cambrios.com
http://www.cambrios.com/214/LeMoncheck_Release.htm

San Jose-Based RiseSmart Lands $2 Million from NVP

San Jose, Calif. -- RiseSmart, the San Jose-based developer of a cloud-based outplacement technology platform designed to match open jobs with candidates, said on Wednesday it has raised $2 million in new funding from Norwest Venture Partners (NVP). The company now has landed $13.85 million since its inception in 2007. "The rapid decline of traditional outplacement companies is no different from what happened to Blockbuster when Netflix came on the scene, or to brick-and-mortar travel agencies when Travelocity and Expedia emerged," said founder and CEO Sanjay Sathe. "It is happening again in the offboarding space." RiseSmart's Transition Concierge is designed to deliver custom-tailored job leads as well as information, tools and training to eligible employees through personal career-management portals. Laid-off workers also have access to one-on-one assistance from trained transition specialists.
http://www.risesmart.com
http://www.prnewswire.com/news-releases/risesmart-lands-an-additional-2m-in-venture-funding-offboarding-solution-provider-raises-new-capital-for-growth-138468004.html

Campbell-Based AlienVault Raises $8 Million in Second Round

Campbell, Calif. -- AlienVault, a Campbell-based developer of open source security information and event management software, said on Tuesday it has raised $8 million in its second round of funding, led by new investor Trident Capital. Previous backers Adara Venture Partners and Neotec also participated in the round, which the company will use to accelerate research and development and aggressively expand sales and marketing activities. The company has named Alberto Yepez, Trident's managing director, as its chairman of the board. The news comes after AlienVault recently announced the appointment of a new executive team, led by CEO Barmak Meftah and CTO Roger Thornton.
http://www.alienvault.com/
http://www.businesswire.com/news/home/20120131005562/en/AlienVault-Lands-8-Million-Series-Funding-Led

Intel Capital Leads $20 Million Round for Solera Networks

Santa Clara, Calif. -- Intel Capital, the investment arm of the Santa Clara-based chipmaker, said it has led a new $20 million round of funding Utah-based Solera Networks, a developer of network security analytics tools. Previous backers Allegis Capital, Signal Peak Ventures and Trident Capital also participated in the company's fourth round, which it will use to bolster sales, marketing and product development activities. Solera's DeepSee platform uses deep packet inspection capabilities to capture, index and classify all network traffic in real-time.
http://www.intelcapital.com
http://www.soleranetworks.com
http://www.soleranetworks.com/press_release/raises-funding/

San Francisco-Based UrbanSitter Lands $1.75 Million in Seed Funding

San Francisco -- UrbanSitter, the San Francisco-based developer of an online service that helps parents and sitters connect through people they know, said on Tuesday it has landed $1.75 million in a round of seed funding, led by First Round Capital. Rustic Canyon Partners, Menlo Ventures and several angel investors also participated. The company also said it recently expanded to San Diego, Napa Valley and Sonoma, Seattle, Boulder and Lake Tahoe, and plans to add the New York, Chicago, Denver and St. Louis markets over the next month. UrbanSitter, which launched in September, said it will use the additional funding to support new product development -- including a mobile component -- and further expand into new cities. Rob Hayes of First Round Capital and Neal Hansch of Rustic Canyon Partners have been added to the company's board of directors.
http://www.urbansitter.com
http://www.businesswire.com/news/home/20120131005063/en/UrbanSitter-Raises-1.75-Million-Seed-Funding-Expands

Bain Capital Ventures Raises $600 Million for New Fund

Palo Alto, Calif. -- Bain Capital Ventures, a Boston-based early-stage venture capital firm with West Coast offices in Palo Alto, said it has raised $600 million for a new investment fund. The fund is the largest to date for the firm, which makes investments in industries such as business services, consumer, healthcare, Internet, mobile and software. Bain has made more than 125 venture investments since its inception in 1984, and now manages $1.5 billion of assets, with over 70 active portfolio companies
http://www.baincapitalventures.com/

Milpitas-Based Quantros Names Gerard Livaudais as Chief Medical Officer

Milpitas, Calif. -- Quantros, a Milpitas-based developer of applications and services designed to advance the safety and quality in healthcare, on Tuesday named Gerard Livaudais as its chief medical officer and senior vice president of content and product management. Livaudais originally joined the company in early 2010 as executive vice president of product management, and previously was an internist with the Kaiser Hawaii Permanente Medical Group. More than 2,000 healthcare facilities currently use Quantros' web-based apps.
http://www.quantros.com  
http://quantros.com/resources/news/quantros-names-gerard-livaudais-chief-medical-officer

Dublin-Based Tria Beauty Files to Raise Up to $86.3 Million in IPO

Dublin, Calif. -- Tria Beauty, a Dublin-based developer of light-based aesthetic medical technologies, on Monday filed with the Securities and Exchange Commission (SEC) to raise up to $86.3 million in its initial public offering (IPO). The company, which plans to trade under the symbol "TRIA" on the Nasdaq Global Market, has yet to reveal details of the offering, such as the number of shares to be sold or their expected price range. Tria sells FDA-cleared handheld medical devices directly to consumers, including a hair removal laser and a high-intensity blue light designed to treat acne. 
http://www.triabeauty.com/
http://www.sec.gov/Archives/edgar/data/1498824/000119312512027676/d257857ds1.htm

S.F.-Based Alsop Louie Leads $5M Round for Lookingglass Cyber Solutions

San Francisco -- Alsop Louie Partners, a San Francisco-based venture capital firm focused on early-stage technology companies, said on Monday it has led a new $5 million round of funding for Lookingglass Cyber Solutions, a Baltimore-based developer of security software designed to help users anticipate and protect against targeted attacks. Vital Financial also participated in the company's first round, which it plans to use to boost sales and marketing activities, and help bring its latest tools to market. Lookingglass's core product, known as ScoutVision, allows organizations to continuously monitor their own networks, networks of their partners and cloud-computing resources to protect against malicious threats. The information helps security professionals determine whether networks have communicated with known threat sources. "The threat landscape changed dramatically in the last year and, as a result, more organizations are recognizing the value of having situational awareness and actionable intelligence," said CEO Derek Gabbard.
http://www.alsop-louie.com/
http://www.lgscout.com
http://www.lgscout.com/news/lookingglass_cyber_solutions_raises_5m_deliver_enterprise_class_cyber_situational_awareness

President Obama to Take Part in Google+ Virtual Interview Monday

Mountain View, Calif. -- President Obama on Monday afternoon was scheduled to take part in a virtual interview through social network Google+, answering questions submitted from the public as part of a live video chat. As of Monday morning, more than 227,000 people had submitted 133,000 questions and cast 1.6 million votes on the issues they'd like to see addressed. The Google+ "Hangout" event is scheduled for 2:30 p.m. PST, streamed live on the social network, as well as WhiteHouse.gov and http://www.YouTube.com/WhiteHouse.
http://www.whitehouse.gov/blog/2012/01/30/watch-live-president-obama-answers-your-questions-google-hangout

Palo Alto-Based GetHired.com Raises $1.75 Million in Seed Funding

Palo Alto, Calif. -- GetHired.com, the Palo Alto-based developer of a video-based social recruiting platform and job board, said on Monday it has raised $1.75 million in a round of seed funding. Identities of the investors were not disclosed. GetHired operates a free service that allows job seekers to differentiate themselves in the hiring process by creating video and audio profiles to accompany their resumes. The company said its method helps employers more quickly find the most qualified job candidates, saving them time and money.
http://www.gethired.com
http://www.businesswire.com/news/home/20120130005363/en/GetHired.com-Raises-1.75M-Seed-Funding-Launches-Video-based