Finland and Business inSan Francisco Bay Area
Version: July 28, 2014
Finnish Companies in the Bay AreaTotal: 49
12 established companies25 ICT start-ups (2 gaming companies)3 other start-ups5 other companies / organizations4 U.S. companies founded by Finns having operations in Finland
U.S. Companies founded by Finns: 12Exits 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
Finnish Established Companies in Bay Area(Founded before year 2000) – 12
Biotie Therapies (http://www.biotie.com/) Bitbar (http://www.bitbar.com/) BLSTream (www.blstream.com) Conformiq (www.conformiq.com) Digia (www.digia.com)F-Secure (www.f-secure.com)Idean (www.idean.com) Ixonos (www.ixonos.com)Nokia (www.nokia.com)SSH Communications (www.ssh.com) Symbio (www.symbio.com) Tieto (www.tieto.com)
Finnish ICT Start-Ups in Bay Area - 25
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) Continuent (www.continuent.com) Cresense (www.cresense.com) Ekahau (www.ekahau.com)Futuremark (www.futuremark.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) Tuxera (www.tuxera.com) Vaadin (www.vaadin.com)Zonesco. (www.zonesco.io)
Other Finnish Start-Ups in the Bay Area - 3
Ambronite (www.ambronite.com) - known earlier as AmbroCommon Tribes Transfluent (www.transfluent.com)
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) Multitechnological applied research organisation
Bay Area Companies Founded by FinnsWith 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
Appington (www.appington.com)Adding voice to mobile apps
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 minutesCrowd Valley Inc. (www.crowdvalley.com/)
Linko (www.linko.io) - also operations in FinlandLost in Translations (www.lostintranslations.com) - also operations in FinlandPilot Network services (www.pilot.net) - listed in NASDAQSkydom (www.skydom.io)
Build rich data services in the cloudTrulia (www.trulia.com) - listed in NASDAQ – being acquired by Zillow
Real-estate search toolVuact (www.vuact.com)
A smarter way to watch and share video.
Exits of Finnish Companies in the (Bay Area) U.S.
Animoi – acquired by Macromedia in 2004Applifier / EveryPlay – acquired by Unity in 2014Bitboys – acquired by ATI / AMD in 2007Bitdeli – acquired by AdRoll in 2013Ditto – acquired by Groupon in 2012drawElements – acquired by Google in 2014Flowdock – acquired by Rally Software in 2013Hantro – acquired by Google in 2010 through Hantro’s acquisition by On2 Technologies in 2007Hybrid Graphics – acquired by Nvidia in 2006Innobase – acquired by Oracle in 2005Jaiku – acquired by Google in 2007Kippt – acquired by Coinbase in 2014Mr. Goodliving – acquired by Real Networks in
2005MySQL (Swedish company with Finnish co-founder and Finnish CEO) – acquired by Sun (now part of Oracle) for $1 billion in 2008Protogeo / Moves – acquired by Facebook in 2014Pryte – acquired by Facebook in 2014RedLynx – acquired by Ubisoft in 2011Smartner – acquired by Seven Networks in 2005Solid Information Technology – acquired by IBM in 2007Stonesoft – acquired by McAfee (part of Intel) in 2013Sumea – acquired by Digital Chocolate in 2004
Silicon Valley VC & Angel Investments in Finnish Companies
AppGyver from Initial Capital in 2014AudioDraft from 500 Startups in 2013BetterDoctor from NEA (New Enterprise Associates) in 2014Continuent from Trident Capital in 2005G-cluster from Intel Capital (Asia)MySQL (Swedish company with Finnish co-founder and Finnish CEO) from Benchmark Capital in 2003Next Games from IDG Ventures and Lowercase Capital in 2014Ovelin from True Ventures in 2012Rovio Entertainment from Accel Partners & Felicis Ventures in 2011SuperCell from Accel Partners & Initial Capital in 2011 and from Index Ventures and Institutional Venture Partners in 2013
Finnish Companies Which at One PointHave Had Offices in SF Bay Area
AlcomBasware (now on East Coast)CapslockCybelius SoftwareDesign PowerDocumillFogScreenGearshift GroupHantroHelmiInrealityInnopinionLinkoTecLuxus (www.luxus.fi)
US HQ now in Texas
MadOnion (now Futuremark)Mobile Backstage
Closed, part of IP in Common TribesModera PointPlay My SongQPR SoftwareSonera (+ SoneraZed & SmartTrust)Star-ArcadeStonesoftSumoTeklaTerapixelTinkerCAD
Closed, founders started Airstone Labs
Vaisala
Borderline Cases
Nonstop Games – founded by Finns in Singapore, have office in SFSensinode – acquired by ARM in 2013, had activities in SF Bay Area earlier? Heptagon – started as Finnish company but no ties to Finland anymore
Other CountriesExamples 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 / Innovation House - innovationhousesf.wordpress.comBusiness Sweden – www.business-sweden.se/en/ Switzerland: Swissnex – www.swissnexsanfrancisco.org Silicon Vikings – www.siliconvikings.com
Not officially a country organization
Business Development for International Companies
Bootstrap Labs – www.bootstraplabs.com US MAC – www.usmarketaccess.com
Sources
Company Web sitesDirect communication with companiesSilicon Valley Journey, Tekes (http://www.tekes.fi/Julkaisut/silicon_valley_journey.pdf)
Updates and corrections can be sent to Hartti Suomela