Qualcomm to invest up to $150 mln in India startups

Qualcomm Inc will be launching a fund that will invest up to $150 million in India startups. Qualcomm Ventures will advise and direct Qualcomm on all these investments. PRESS RELEASE September 28, 2015 Qualcomm Incorporated (NASDAQ: QCOM) today announced its intention to invest up to $150 million in Indian startup companies across all stages as part of its commitment to India during a meeting with Prime Minister Narendra Modi at the Digital Economy event in San Jose. Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to these strategic investments. Qualcomm has been investing in promising Indian startups since 2007 and there are more than 20 Indian companies as part of its global portfolio. Sectors of investment vary across the mobile ecosystem and include hardware, software platforms, e-commerce, healthcare, location based services and retail technology. Initiatives such as the QPrize™ competition, a global seed investment competition, as well as an early stage fund, are part of the team’s efforts in encouraging early stage entrepreneurs. Qualcomm directly invests in Indian mobile and internet start-up companies to keenly foster the local ecosystem. Portfolio companies include Yourstory, a media tech platform for entrepreneurs; Portea Medical, an in-home healthcare provider; and MapMyIndia, a provider of digital map, navigation, and tracking products and services. Indian companies receiving funding can benefit from Qualcomm’s insights on mobile technologies and utilize Qualcomm’s relationships throughout the industry. Qualcomm Ventures’ India team also provides unique support through its comprehensive knowledge and understanding of the region. “We share Prime Minister Narendra Modi’s vision to transform India into a digitally empowered society and knowledge economy. India is at the cusp of a technology revolution and mobile technologies will lay the foundation for Digital India,” said Dr. Paul E. Jacobs, executive chairman, Qualcomm Incorporated. “We are committed to providing local innovative start-ups with the support needed to help India’s IOE ecosystem grow, increasing consumer choice and availability.” “Since Qualcomm’s first India investment in 2007 and with full-fledged presence starting in early 2008, we continue to invest broadly to strengthen India’s overall economy,” said Nagraj Kashyap, senior vice president of Qualcomm Incorporated. “We are committed to providing these companies with the support needed to help propel them forward in the competitive Indian region. We’re excited about the new prospects in India and look forward to growing our portfolio.” Qualcomm also plays a key role driving India’s wireless revolution by making mobile communications increasingly accessible and affordable. For over two decades, Qualcomm has been helping the country’s mobile ecosystem achieve ongoing success and growth through its work with operators, OEM/ODMs, software developers, sales/distribution partners, governmental entities, academic institutions and standards organizations, among others. Qualcomm believes that its initiatives in India will help support the Indian government’s Digital India vision. For more information please visit www.qualcommventures.com. ABOUT QUALCOMM INCORPORATED Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm’s website,OnQ blog, Twitter and Facebook pages.

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Qualcomm to invest up to $150 mln in India startups

Urgent.ly nabs $7 mln Series A

Vienna, Virginia-based roadside assistance service Urgent.ly has secured $7 million in Series A funding. The investors were Allianz Digital Corporate Ventures, Verizon Ventures and Forté Ventures. PRESS RELEASE MCLEAN, Va.–(BUSINESS WIRE)–In recognition of its success in reinventing the $10 billion roadside assistance market, Urgent.ly announced today that it has raised $7 million in Series A funding from Allianz Digital Corporate Ventures, Verizon Ventures, and Forté Ventures. Urgent.ly, America’s leading on-demand roadside assistance service, will use this major infusion of capital to rapidly scale the growth and expansion of its current nationwide operations. Known as the “Uber for Roadside Assistance,” Urgent.ly is the quickest, safest, and most innovative roadside assistance service in America. Designed to take full advantage of the mobile on-demand economy and connected vehicle platforms, Urgent.ly delivers unmatched transparency allowing customers to: Identify and connect with the nearest available, approved service provider Track the service provider’s progress and ETA in realtime on their smartphone map Have the direct contact information for the service provider Get quicker response times Benefit from upfront standardized pricing Urgent.ly is also the only roadside assistance service with automatic accident detection alerts and FamilyView SM, allowing families to know instantly if their loved ones have requested help and monitor the arrival of the service provider in realtime on their phone as well. Urgent.ly is a cost effective alternative to traditional subscription-based auto clubs. Over 200,000 drivers across America have found better roadside assistance service through Urgent.ly. In addition, millions of drivers will have direct access to Urgent.ly through its current and future integrations with a broad range of mapping and connected car platforms – including AT&T Drive, Cost2Drive, Dash, DriversEd.com, MapQuest, Mojio, ParkWhiz, TollSmart, Zendrive, Zubie, and others. “People are not happy with the old way of roadside assistance – paying auto club memberships every year whether they use it or not and then wait and wait when they really need help, not really knowing if or when the tow truck will actually show up,” said Urgent.ly CEO Chris Spanos. “Urgent.ly has changed that. Drivers now get a better, faster, safer and more transparent experience at their critical moment of need, saving them time, money and anxiety. We are incredibly excited about our great strategic partners which will allow us to rapidly accelerate both the growth of our nationwide service and our lead in driving innovation.” “We consider Urgent.ly a great asset to our investment portfolio of Digital Ventures,” says Marc Oerke, Head of Allianz Digital Corporate Ventures. “The solution developed by Urgent.ly delivers a fully customer centric value proposition in a digitalized way. Our investment in Urgent.ly provides Allianz access to the US market of on-demand roadside assistance and we look forward to promoting partnership opportunities and innovation between Urgent.ly and Allianz in other markets.” “In a market served by an overwhelming number of local and national service providers – all with different ways of operating – traditional roadside assistance is anything but easy,” said Jeffrey Black, Director at Verizon Ventures. “To truly serve customers, roadside assistance should be fast, convenient, transparent and affordable. Urgent.ly combines the power of on-demand technology with a network of service providers and connected car and mobile technology providers to improve the roadside assistance experience. We’re excited to partner with Urgent.ly and work together on the company’s next phase of growth.” “Urgent.ly is the latest example of a growing number of companies applying the latest available technologies to drastically improve industries that have not seen a material change in the way they’ve operated over the past 50 years – in this case, roadside assistance,” said Louis Rajczi, Partner at Forté Ventures. “We believe their ability to drastically improve the efficiency, transparency and safety in an inherently stressful situation will rapidly attract a strong customer following. Their relationships with global partners like Verizon and Allianz will be invaluable in supporting the company’s rapid growth and expansion.” About Urgent.ly Urgent.ly is America’s leading on-demand roadside assistance service. Designed for the on-demand economy and the connected vehicle revolution, Urgent.ly delivers the quickest, safest and most innovative roadside assistance experience – all without a subscription or membership fee. It offers transparent service with clear, flat-rate pricing, cashless payment, and reliable help for motorists in need of a tow, tire change, fuel delivery, jump start or lock-out service. Urgent.ly is also the only roadside assistance service in America with accident alert detection technology and FamilyView – a unique feature that provides families and caregivers with peace of mind by allowing them to track the roadside service of a loved one from start to finish. To get the free apps or for more information, visit http://urgent.ly/. About Allianz Digital Corporate Ventures Allianz Digital Corporate Ventures’ mission is to strengthen Allianz by investing in innovation, and to strengthen its investment portfolio by facilitating strategic business development opportunities with Allianz. Headquartered in Munich, Germany, Allianz Digital Corporate Ventures performs venture investments for the Allianz Group, a global financial services provider with 85 million retail and corporate clients in more than 70 countries. In fiscal year 2014 around 147,000 employees worldwide achieved total revenues of 122.3 billion euros and an operating profit of 10.4 billion euros. For more information, visit: https://www.allianz.com/digital-corporate-ventures/. About Verizon Ventures Verizon Ventures seeks and invests in promising entrepreneurial companies who are tackling some of today’s biggest technological challenges for Verizon’s consumer and enterprise customers. Over the last decade Verizon Ventures has invested in more than forty companies covering a range of industries, technologies and market segments. Verizon Ventures offers support to its portfolio companies with technology and product development, market planning and sales, and access to the networks and platforms of Verizon Communications. Combining the power of experienced investment professionals with a focused venture development team, Verizon Ventures connects innovators with strategic and financial resources that advance their businesses. For more information, visit http://www.verizonventures.com/. About Forté Ventures Forté Ventures collaborates and co-invests with corporate strategic partners in the most innovative and promising technology companies in North America. We invest across a diversified set of industry sectors including Information Technology, Mobility, Digital Media, Financial Technology and Industrial Technology. For more information, visit http://www.forteventures.com/.

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Urgent.ly nabs $7 mln Series A

Cabot Microelectronics Corp to acquire VC-backed NexPlanar Corp

Cabot Microelectronics Corp has agreed to buy NexPlanar Corp for about $142 million. The deal is expected to close within 30 to 45 days. Based in Hillsboro, Oregon, NexPlanar is a maker of advanced CMP pad solutions for the semiconductor sector. NextPlanar’s backers included BlueRun Ventures, Intel Capital, SmartForest Ventures, Finaventures and Interwest Partners. PRESS RELEASE AURORA, Ill., Sep 28, 2015 (GLOBE NEWSWIRE via COMTEX) –Cabot Microelectronics Corporation, the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and a growing CMP pad supplier to the semiconductor industry, announced today that it has entered into a definitive agreement to acquire NexPlanar Corporation (NexPlanar), a privately-held, U.S. based company that specializes in the development, manufacture and sale of advanced CMP pad solutions for the semiconductor industry. Under the acquisition agreement, Cabot Microelectronics will purchase 100 percent of the stock of NexPlanar for a purchase price of approximately $142 million, plus up to an additional $2.3 million depending upon treatment of certain unvested stock options held by NexPlanar security holders. At closing, NexPlanar is expected to have approximately $15 million of cash and no debt. The company intends to fund the acquisition from its available cash balance. Cabot Microelectronics’ acquisition of NexPlanar is directly aligned with its strategy to strengthen and grow its core CMP consumables business, and in particular, CMP pads. NexPlanar has established meaningful supply positions with technology leading customers for advanced technology node applications. The Company expects that NexPlanar’s innovative ElementTM thermoset polyurethane CMP pad technology will complement its own EpicTM thermoplastic polyurethane technology. In addition to expanding its pad product portfolio, Cabot Microelectronics anticipates that the acquisition will leverage the company’s existing global sales and technology infrastructure, as well as its supply chain capabilities and quality systems. “We are excited to combine NexPlanar with our CMP business, to enable us to deliver a broader range of world-class CMP pad solutions to the semiconductor industry,” stated David Li, President and CEO of Cabot Microelectronics. “More important, we believe that our leadership in CMP slurries, combined with an expanded CMP pad portfolio, will enable us to better serve the needs of our customers around the world, including the delivery of performance differentiated slurry and pad consumable sets. NexPlanar’s talented team has developed and commercialized unique technology that has won adoption with leading semiconductor manufacturers at advanced technology nodes. Leveraging our extensive global infrastructure, we expect NexPlanar will enable us to accelerate growth in our CMP pads area, and more broadly, contribute to profitable growth for our company.” James LaCasse, NexPlanar’s President and CEO, commented, “We are delighted to become part of Cabot Microelectronics. We are proud of our technology and the business we have earned, and we believe that partnering with Cabot Microelectronics will enable faster growth and better support of our customers through their extensive research, development, sales and global supply chain capabilities. We look forward to being part of the Cabot Microelectronics family and contributing to its business worldwide.” NexPlanar was established in 2003 and is headquartered in Hillsboro, Oregon. It operates research and development, manufacturing and administrative functions there, and has approximately 100 employees. Its trailing four quarter revenue is approximately $22 million, and it has nearly tripled its revenue over the past two years. NexPlanar investors include Interwest Partners, BlueRun Ventures, Intel Capital and Samsung Ventures. Cabot Microelectronics expects to close the transaction within 30 to 45 days, subject to customary closing conditions and regulatory approvals. CONFERENCE CALL Cabot Microelectronics will host a conference call to discuss the acquisition on September 28, 2015 at 9:00 a.m. Central Time. The conference call will be available via live webcast and replay from the company’s website, www.cabotcmp.com, or by phone at (844) 825-4410. Callers outside the U.S. can dial (973) 638-3236. The conference code for the call is 48844589. A transcript of the formal comments made during the conference call will also be available in the Investor Relations section of the company’s website. ABOUT CABOT MICROELECTRONICS CORPORATION Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is the world’s leading supplier of CMP polishing slurries and a growing CMP pad supplier to the semiconductor industry. The company’s products play a critical role in the production of advanced semiconductor devices, enabling the manufacture of smaller, faster and more complex devices by its customers. The company’s mission is to create value by developing reliable and innovative solutions, through close customer collaboration, that solve today’s challenges and help enable tomorrow’s technology. The company has approximately 1,025 employees on a global basis. For more information about Cabot Microelectronics Corporation, visit www.cabotcmp.com or contact Trisha Tuntland, Director of Investor Relations at 630-499-2600. ABOUT NEXPLANAR CORPORATION NexPlanar Corporation has developed unique technology that enables it to modulate CMP pad properties, such as pad hardness, pore size, compressibility and groove profiles, to develop customized solutions for demanding semiconductor applications and integration schemes, including those for emerging technologies. These solutions allow for low stress CMP (required for the most advanced CMP applications) and result in an order of magnitude fewer defects and lower overall cost of ownership. For more information about NexPlanar Corporation, visit www.nexplanar.com.

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Andreessen Horowitz backs 3D CAD system Onshape

Andreessen Horowitz has led an $80 million funding round for Onshape, the latter announced in a blog post on its site. The other investors were New Enterprise Associates, Commonwealth Capital Ventures and North Bridge Venture Partners. Based in Cambridge, Massachusetts, Onshape is a full-cloud 3D CAD system.

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Andreessen Horowitz backs 3D CAD system Onshape

SevOne racks up $50 mln Series C

SevOne, a provider of digital infrastructure management solutions, has raised $50 million in Series C funding. Westfield Capital Management and Bain Capital Ventures led the round with participation from Brookside Capital, HarbourVest, VT Technology Ventures and Osage Venture Partners. PRESS RELEASE BOSTON–(BUSINESS WIRE)–SevOne, the leading global provider of digital infrastructure management solutions, today announced a $50 million Series C financing round led by Westfield Capital Management and Bain Capital Ventures. Brookside Capital, HarbourVest, VT Technology Ventures, and Osage Venture Partners also participated in this round. SevOne will use the financing to accelerate its growth through new technologies and markets, meeting the growing demands of organizations transforming their business for the always-on mobile economy and the Internet of Things (IoT). The funding comes at a time when mobility sits at the heart of a new and vibrant ecosystem that is uniting the digital and physical worlds. New mobile and broadband connectivity, coupled with ever-expanding virtualized cloud services, are driving the mobile economy and creating a flood of data. Organizations are continually under pressure to interpret this data to unlock real-time business opportunities, reveal competitive differentiators, or optimize everyday operations. Legacy management solutions weren’t built for the mobile economy, and simply can’t provide the power required to deliver real-time insight and business value. The patented SevOne Cluster™ architecture solves this fundamental problem, arming the world’s top carriers and enterprises with solutions to harness the power of their digital infrastructure and deliver on the promise of the mobile economy. “We are thrilled to invest in SevOne and help them continue on their rapid growth trajectory,” said Will Muggia, CEO of Westfield Capital Management. “We believe their massively scalable data aggregation platform, which is being used by the world’s largest enterprises and service providers, is highly differentiated and disruptive to the digital infrastructure management market.” Bain Capital Ventures originally invested in SevOne in 2012. The funding fueled the expansion of the company’s alliance network and product ecosystem to support the customer journey to new mobile technologies (4G LTE) and the rapid adoption of virtualization technologies such as software-defined networks (SDN), network functions virtualization (NFV), and software-defined data centers (SDDC). Since that time, SevOne has matured its global leadership position in several key markets, including: 40% of the top technology companies 50% of the top fixed and mobile broadband carriers 60% of the top investment services firms “SevOne’s patented architecture is transforming the way the world’s largest enterprises and service providers are managing their digital infrastructure,” said Ben Nye, Managing Director at Bain Capital Ventures. “The company’s rapid growth is driven by forward-thinking companies needing to collect all the data across their end-to-end digital infrastructure in support of mission-critical services.” SevOne is poised for another year of rapid growth. The company continues to invest in its Delaware roots, constructing a 48,000 square foot, state-of-the-art research and development center on the University of Delaware’s Science, Technology and Advanced Research (STAR) Campus in Newark, Delaware. The STAR campus facility opens in October, and will build upon the company’s vision of developing next-generation technologies and pushing the boundaries of digital infrastructure management for SevOne customers. “The opportunities and challenges of managing digital infrastructures have never been greater,” said Jack Sweeney, SevOne CEO. “SevOne is uniquely positioned to capitalize upon this demand, allowing the world’s largest datacenter and network operators to unlock the true business potential of their digital infrastructure.” For more information, please visit www.sevone.com. About SevOne SevOne is the leading global provider of digital infrastructure management solutions. The patented SevOne Cluster™ architecture arms today’s largest data center and network operators with solutions to harness the power of their digital infrastructure and deliver real-time knowledge and insights. With a new state-of-the-art research and development center on the University of Delaware’s Science, Technology and Advanced Research (STAR) Campus, SevOne has additional offices in Boston, Philadelphia, London and Bulgaria. Backed by Westfield Capital Management, Bain Capital Ventures, Brookside Capital, HarbourVest, VT Technology Ventures, Osage Venture Partners, SevOne was named a Visionary in Gartner’s 2015 Magic Quadrant for Network Performance Monitoring and Diagnostics. More information can be found at www.sevone.com. Follow SevOne on Twitter at @SevOneInc. About Westfield Capital Management Company, L.P. Westfield Capital Management Company, L.P., founded in 1989, is an SEC-registered investment adviser that specializes in providing quality investment management services to institutions and wealthy individuals. The firm supervises domestic growth equities, with products focusing on each segment of the capitalization spectrum. Its investment professionals employ a disciplined fundamental approach to research, yet the investment process is designed to be flexible and responsive to changes and opportunities in the market. Bain Capital Ventures Bain Capital Ventures (BCV) provides seed through growth capital for companies focused on technology and technology-enabled services primarily for enterprise customers. BCV invests across stages in leading infrastructure and application software businesses. Select BCV investments include BloomReach, BillTrust, Docusign, Gainsight, Infusionsoft, Kiva Systems, LinkedIn, Optimizely, Rapid7, SolarWinds, SurveyMonkey. TellApart and VMTurbo. As the venture capital affiliate of Bain Capital, a leading global alternative assets firm, BCV has partnered with more than 200 companies since 1984 to start, build, commercialize and grow their businesses. BCV has approximately $3 billion of assets under management and has offices in the Bay Area, New York City and Boston. Follow BCV at @BainCapVC or visit the website at www.baincapitalventures.com. About Brookside Capital Founded in 1996, Brookside Capital is one of the world’s leading global long/short hedge funds and is part of Bain Capital. Our experienced team consists of industry oriented professionals, many of whom bring management consulting or direct operating experience as part of their experience set. We are principal investors and we employ a fundamental bottom-up research process to identify the best long-term investment opportunities across the globe. Our analysis focuses on industry attractiveness, competitive positioning and overall management capability. About Osage Venture Partners Osage Venture Partners (OVP) is a venture capital firm located just outside of Philadelphia, PA that invests in early-stage business-to-business (B2B) software companies headquartered on the East Coast. OVP raised its first fund in 2005, and has invested almost exclusively in B2B software companies since that time. With over $100M under management, OVP seeks to invest in determined and creative entrepreneurs and provide them with the assistance required to build high growth businesses. For more information, visit www.osagepartners.com/ventures.

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SevOne racks up $50 mln Series C