| For &FirstName; &LastName;, &Company; | Thursday, June 12, 2003 |
| It was a big day for Pragmatech Software. The provider of sales effectiveness and proposal automation applications announced raising $12 million in its first round of financing led by Kodiak Venture Partners and named Al Noyes as president and CEO. Mr. Noyes most recently served as chairman of Excelligence. Overall, six companies reported raising $38 million, with $8.9 million of that going to TransPharma Medical, a provider of drug delivery technology, in its second round led by Evergreen Partners, with T2C2/Bio, Pitango Venture Capital, VitaLife, and Biomedical Investments also chipping in. And e-mail collaboration software firm Kubi Software plans to launch a server product next quarter and will begin raising a $10-million round of funding later this year, VentureWire has learned. It wasn't all good news though, as Imperito Networks, provider of software and services for managed network and client security, has shut down and is in talks to be acquired, VentureWire has learned. The company was unable to raise $4 million for the final tranche of its Series C. Founded in 1998, Imperito raised more than $26 million from investors including BEV Ventures, Charter Ventures, and JPMorgan Partners. - By John Fuller |
 Semiconductor Innovation Letter: Datastream
Venture Fact: Multimedia and compression IC firms accounted for 5% of the deals and 5% of the dollars invested in chip companies over the past 12 months, up from 2% of the deals and 1% of the dollars for the year previous. Semiconductor Innovation Letter brings you the data and analysis you need to pick out trends and plan ahead. Metrics in the current issue include: · Top multimedia and compression IC deals in the past 24 months · Top investors multimedia and compression IC deals in the past 24 months · Recent semiconductor venture investments in all sectors, including information on round, amount and investors Tracking the innovation, investment and opportunities in chips just got easier. Semiconductor Innovation Letter, developed by MIT's Technology Review and VentureWire, keeps both investors and executives alike fully informed, bi-monthly, by email. Through in-depth reporting on the latest innovation emerging from corporate and university R&D departments, or briefings and data on the latest investments, the players and their plans, you'll uncover opportunity as it happens. http://semiconductorinnovation.com |
| Pragmatech Lands $12M First Round; Names Al Noyes Pres & CEO |  |
| AMHERST, N.H. -- Pragmatech Software, a provider of sales effectiveness and proposal automation applications, said it has raised $12 million in its first round of financing and named Al Noyes as president and CEO.
[full story] http://www.pragmatech.com | |
| TransPharma Medical Absorbs $8.9M in Second Venture Round | |
| HERZLIYA, ISRAEL -- TransPharma Medical, a provider of drug delivery technology, announced that it has raised $8.9 million in its second round of financing.
[full story] http://www.transpharma-medical.com | |
| Kubi Raising $10M Round, to Launch Server Product Later this Year | |
| LINCOLN, MASS. -- After shipping its first product in April, e-mail collaboration software firm Kubi Software plans to launch a server product next quarter and will begin raising a $10-million round of funding later this year, CEO Julio Estrada told VentureWire.
[full story] http://www.kubisoft.com | |
| Imperito Networks Ceases Operations, Seeks Buyer | |
| SAN MATEO, CALIF. -- After its recent fundraising efforts fell through, Imperito Networks, provider of software and services for managed network and client security, has ceased operations and is in negotiations to be acquired, board member and Charter Venture Capital venture partner Bob Kondamoori told VentureWire.
[full story] http://www.imperito.com | |
| Fabless Semiconductor Firm Anchor Bay Raises $5M Series A | |
| SAN JOSE, CALIF. -- Anchor Bay Technologies, developer of chips and systems for digital video format conversion, said it has closed $5 million in Series A funding.
[full story] http://www.anchorbaytech.com | |
| Quantum Hardware Firm D-Wave Systems Lands $7.1M Series A | |
| VANCOUVER, BRITISH COLUMBIA -- D-Wave Systems, a developer of hardware for chip-based quantum computers, said it raised $7.1 million in its Series A round of funding.
[full story] http://www.dwavesys.com | |
| T-Networks Trims 10% of Staff | |
| ALLENTOWN, PA. -- T-Networks, a provider of 10 Gb/s and 40 Gb/s optical modulators, said it has laid off five employees, or 10% of its staff.
[full story] http://www.tnetworksinc.com | |
European Wireless Investment 2002 from Windmill Reports tells you where the money went in wireless investment in Europe. It includes an overview of wireless financing and highlights such hot sectors as Semiconductors, WISPs, Telematics, Payments, Displays, RFID, Antennae, Optical Communications, MMS and Location-Based Services. This is what you get: - Analytical commentary and complete deal details on €1.2 billion in wireless financing. - Directory of European wireless firms receiving financing in 2002. - Top 20 Wireless Investors in 2002 and a list of more than 200 investors and the European wireless companies they funded. - A forecast for investment in 2003. Get the information no one else has--European Wireless Investment 2002 is available now for just $595.00. http://research.venturewire.com/research.asp?pID=230 |
| Actify Names Randy Ochs President and CEO | |
| SAN FRANCISCO -- Actify, a provider of design virtualization and collaboration services for the high-tech, industrial automation, and manufacturing industries, said it named Randy Ochs president and CEO.
[full story] http://www.actify.com | |
 Breaking News First
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