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Finnish companies in sf ver 0.9

Finnish companies in sf ver 0.9

  1. 1. Finland and Business in San Francisco Bay Area Version: January 22, 2015
  2. 2. Finnish Companies in the Bay Area • Total: 51 – 14 established companies – 28 ICT start-ups (2 gaming companies, 2 other start-ups) – 5 other companies / organizations – 4 U.S. companies founded by Finns having operations in Finland • U.S. start-ups founded by Finns: 12 • Exits of Finnish companies in SF Bay Area: 20+ • VC investments from SV VCs in Finnish companies: 10+ – Note: Only 12 Finnish companies had presence in SF Bay Area in the end of 2010
  3. 3. Finnish Established Companies in Bay Area (Founded before year 2000) – 14 • Biotie Therapies (www.biotie.com/) • Bitbar (www.bitbar.com/) • BLSTream (www.blstream.com) • Conformiq (www.conformiq.com) • Digia (www.digia.com) • Elektrobit (www.elektrobit.com) • F-Secure (www.f-secure.com) • Idean (www.idean.com) • Ixonos (www.ixonos.com) • JOT Automation (www.jotautomation.com) • Nokia (www.nokia.com) • Rapal (www.rapal.fi) • SSH Communications (www.ssh.com) • Tieto (www.tieto.com)
  4. 4. Finnish Start-Ups in Bay Area - 28 • Ambronite (www.ambronite.com) • AndersInno (www.andersinno.com) • AppGyver (www.appgyver.com) • AudioDraft (www.audiodraft.com) • BaseN (www.basen.com) • Beddit (www.beddit.com) • BiiSafe (www.biisafe.com) • Codenomicon (www.codenomicon.com) • Cresense (www.cresense.com) • Ekahau (www.ekahau.com) • Haltian (www.haltian.com) • IndoorAtlas (www.indooratlas.com) • Joberate (www.joberate.com) • Modulight (www.modulight.com) • Movial (www.movial.com) • MultiTouch (www.multitaction.com) • Optofidelity (www.optofidelity.com) • Rightware (www.rightware.com) • Senso Solutions (www.sensosolutions.com) • Shark Punch (www.sharkpunch.com) • SuperCell (www.supercell.com) • Surveypal (www.surveypay.com) • Thinglink (www.thinglink.com) • Transfluent (www.transfluent.com) • Tuxera (www.tuxera.com) • Vaadin (www.vaadin.com) • VividWorks (www.vividworks.com) • Zonesco. (www.zonesco.io)
  5. 5. Other Finnish Companies & Organizations in the Bay Area - 5 • Finpro (www.finpro.com) –Internalization consultancy for Finnish companies • Nexit Ventures (www.nexit.com) –Finnish-American VC fund • Tekes (www.tekes.com/en) –The Finnish Funding Agency for Innovation • Vendep (www.vendep.com) –Start-up accelerator and seed investor • VTT (www.vtt.fi) –Applied research organization
  6. 6. Bay Area Companies Founded by Finns With operations in Finland: 4 • Airstone Labs (www.airstonelabs.com) – Supercomputing as a service • AlphaSense (www.alpha-sense.com/) - also operations in Finland – Search engine for financial professionals • Appthetable (www.appthetable.com) • Beatroot (www.beatroot.co), was Hacklog (at Matter.VC) – Analytics for journalists • BetterDoctor (www.betterdoctor.com) - also operations in Finland – Find the right doctor in minutes • Crowd Valley Inc. (www.crowdvalley.com/) • Gc+ • Inbot.com (formerly Linko) - also operations in Finland • Lost in Translations (www.lostintranslations.com) - also operations in Finland • MAD-Partners • Pilot Network services (www.pilot.net) - listed in NASDAQ • ShopInbox Inc. (www.shopinbox.io) • Skydom (www.skydom.io) – Build rich data services in the cloud • Trulia (www.trulia.com) - listed in NASDAQ – being acquired by Zillow – Real-estate search tool
  7. 7. Exits of Finnish Companies in the (Bay Area) U.S. • Animoi – acquired by Macromedia in 2004 • Applifier / EveryPlay – acquired by Unity in 2014 • Bitboys – acquired by ATI / AMD in 2007 • Bitdeli – acquired by AdRoll in 2013 • Continuent – acquired by Vmware in 2014 • Ditto – acquired by Groupon in 2012 • drawElements – acquired by Google in 2014 • Flowdock – acquired by Rally Software in 2013 • Hantro – acquired by Google in 2010 through Hantro’s acquisition by On2 Technologies in 2007 • Hybrid Graphics – acquired by Nvidia in 2006 • Innobase – acquired by Oracle in 2005 • Jaiku – acquired by Google in 2007 • Kippt – acquired by Coinbase in 2014 • Mr. Goodliving – acquired by Real Networks in 2005 • MySQL (Swedish company with Finnish co- founder and Finnish CEO) – acquired by Sun (now part of Oracle) for $1 billion in 2008 • Protogeo / Moves – acquired by Facebook in 2014 • Pryte – acquired by Facebook in 2014 • RedLynx – acquired by Ubisoft in 2011 • Smartner – acquired by Seven Networks in 2005 • Solid Information Technology – acquired by IBM in 2007 • Stonesoft – acquired by McAfee (part of Intel) in 2013 • Sumea – acquired by Digital Chocolate in 2004 • Symbio – acquired by VXI Global Solutions in 2015
  8. 8. Silicon Valley VC & Angel Investments in Finnish Companies • AppGyver from Initial Capital in 2014 • AudioDraft from 500 Startups in 2013 • BetterDoctor from NEA (New Enterprise Associates) in 2014 • Continuent from Trident Capital in 2005 • G-cluster from Intel Capital (Asia) • MySQL (Swedish company with Finnish co-founder and Finnish CEO) from Benchmark Capital in 2003 • Next Games from IDG Ventures and Lowercase Capital in 2014 • Ovelin from True Ventures in 2012 • Rovio Entertainment from Accel Partners & Felicis Ventures in 2011 • SuperCell from Accel Partners & Initial Capital in 2011 and from Index Ventures and Institutional Venture Partners in 2013
  9. 9. Finnish Companies Which at One Point Have Had Offices in SF Bay Area • Alcom • Appington • Basware (now on East Coast) • Capslock • Common Tribes • Cybelius Software • Design Power • Documill • Ekahau • FogScreen • Futuremark (acquired by UL in 2014) • Gearshift Group • Hantro • Helmi • Inreality • Innopinion • LinkoTec • Luxus (www.luxus.fi) – US HQ now in Texas • MadOnion (now Futuremark) • Mobile Backstage – Closed, part of IP in Common Tribes • Modera Point • Play My Song • QPR Software • Sonera (+ SoneraZed & SmartTrust) • Star-Arcade • Stonesoft • Sumo • Tekla • Terapixel • TinkerCAD – Closed, founders started Airstone Labs • Vaisala • VDSL Systems
  10. 10. Borderline Cases • HeiaHeia / H2 Wellbeing – North America representative in Half Moon Bay • Heptagon – started as Finnish company but no ties to Finland anymore • Mekitec (www.mekitec.com) – North America office based in Livermore • Nonstop Games – founded by Finns in Singapore, have office in SF
  11. 11. Other Countries Examples of Country Organizations in SF Bay Area • Denmark: ScaleIT – www.scaleit.us • Enterprise Estonia – www.eas.ee • German Silicon Valley Accelerator – www.germanaccelerator.com • Innovation Norway - http://www.innovasjonnorge.no/no/english/ • Business Sweden – www.business-sweden.se/en/ • Switzerland: Swissnex – www.swissnexsanfrancisco.org • Silicon Vikings – www.siliconvikings.com – Not officially a country organization • Nordic Innovation House – www.nordicinnovationhouse.com
  12. 12. Sources • Company Web sites • Direct communication with companies • Silicon Valley Journey, Tekes – http://www.tekes.fi/Julkaisut/silicon_valley_journey.pdf • Updates and corrections can be sent to Hartti Suomela

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