Monthly Archives: May 2003

SafeView Receives Venture Capital Funding for Commercialization of Unique Security Technology

SANTA CLARA, Calif.–(BUSINESS WIRE)–May 29, 2003–SafeView announced today that is has received over $6 million in venture capital funding to begin commercialization of a unique portal system thatuses millimeter wave holographic technology to screen personnel for weapons, threats and contraband […]

Fund to Invest In Business in Poorer Areas

The New Markets Growth Fund, a venture capital fund based at the University of Maryland’s Robert H. Smith School of Business, has raised $20 million to invest in small businesses in low-income neighborhoods in the District, Prince George’s County and […]

Denver-Based Venture Capital Group Invests $64 Million in Energy Start-Ups

May 28–Denver-based Altira Group LLC raised $64 million to fund young energy technology companies. It’s the largest amount ever raised by Altira, a venture-capital firm that in three previous funds has invested a total of about $41 million in startup […]

Venture Firms Pump $17.4 Million into Morrisville, N.C., Semiconductor Maker

May 28–A group of venture capitalists put new zip into Ziptronix, a fledgling semiconductor innovator in the Triangle. The Morrisville company closed Tuesday on a $17.4 million infusion from Grotech Capital Group, a Maryland-based firm, and Intersouth Partners of Durham. […]

Cheyne Adopts Mark-it for Pricing Credit Swaps

LONDON (HedgeWorld.com) – Mark-it Partners Ltd., which offers a credit derivatives pricing service, signed on hedge fund manager Cheyne Capital Management Ltd., London, as its first asset managerclient. Cheyne agreed to use Mark-it’s credit derivatives swap data for three years, […]

Hedge Funds Rock and Raise Money For a Good Cause

SYDNEY, Australia (HedgeWorld.com) – Long Tooth Capital, The Amplifiers and Typhoon may be new on the hedge fund scene, but don’t expect them to ever show up in any hedge fund databases. They are three rock bands made up of […]

Myrtle Beach, S.C.-Based Data Protection Firm Receives $1 Million Investment

May 28–Unitrends, a Myrtle Beach-based software data protection company, has received a $1 million investment from a venture capital firm dedicated to helping South Carolina’s high-growth companiesexpand. The cash will help Unitrends expand, including increasing the number of employees from […]

Cornice Secures $22M Financing From Top Tier VCs; Cornice Set to Introduce New Storage Technology in Q2 2003

LONGMONT, Colo.–(BUSINESS WIRE)–May 28, 2003–Cornice Inc., an innovator in compact, high-capacity storage, today announced that the Company closed $22 million in venture capital funding in August2002. The Company received its first venture investment from CIBC Capital Partners, Nokia Venture Partners […]

Metallic Power Raises $13.5 Million in Oversubscribed Round of Funding

CARLSBAD, Calif.–(BUSINESS WIRE)–May 28, 2003– New Investment to Finance Commercialization of Innovative Zinc Fuel Cells for Computing, Communications and Control Backup Power Markets Metallic Power, the leading developer of zinc regenerative fuel cells, today announced that it has closed its […]

Compound Therapeutics, Inc. Completes $12.0 Million Series A Financing With Leading Venture Capital Firms

WALTHAM, Mass.–(BUSINESS WIRE)–May 28, 2003–Compound Therapeutics, Inc., a privately held biotechnology company developing a new class of protein therapeutic drugs, announced today the completionof a $12.0 million Series A Preferred Stock financing. Leading venture capital firms Atlas Venture, Flagship Ventures […]

Finding tech prospects, NEW STRAITS TIMES-MANAGEMENT TIMES

xfdws TECH-PROSPECTS sked Emerging Markets Datafile May 26, 2003 NEW STRAITS TIMES-MANAGEMENT TIMES MALAYSIA ENGLISH Finding tech prospects, NEW STRAITS TIMES-MANAGEMENT TIMES Prasanna Raman ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, […]

Morrisville, N.C., Semiconductor Startup Succeeds

May 28–MORRISVILLE, N.C.–When Doug Milner began talking to venture capitalists about putting money into Ziptronix, his semiconductor technology startup, last year, he says it was like walking intothe middle of a barroom brawl. And in the process, Milner got the […]