Finland and Business inSan Francisco Bay Area

Version: January 22, 2015

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

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)

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)

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

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

• 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

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

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

Finnish Companies Which at One PointHave 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

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

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 -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

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