Desktop Virtualization developer Wanova raise $13M

Wanova, Inc. has exited stealth mode and launched a new era in desktop virtualization with $13 million in A-round funding from Greylock Partners, Carmel Ventures, and Opus Capital. Founded by experienced entrepreneurs, the company has launched an entirely new architecture called Distributed Desktop Virtualization (DDV), which addresses the need for enterprises to improve the management, support and protection of distributed endpoints. [See related news release at www.wanova.com/new-architecture]
Industry analysts have estimated that desktop virtualization is a multi-billion dollar market. Gartner forecasts that licenses for hosted virtual desktops, which numbered 300,000 in 2008, have the potential to grow to 50M by 2013. One of the obstacles to broad adoption is network latency issues. Further, traditional desktop virtualization technologies have not addressed the problem posed by remote workers: Hosted virtual desktops still lack an acceptable end-user experience over the WAN and adequate offline support. Emerging client-hosted solutions avoid performance and offline issues, but lack sufficient centralization capabilities and can increase management complexity.
Wanova’s new architecture is designed specifically to address the endpoint management challenges presented by distributed remote and mobile workers. The Wanova DDV solution centralizes the entire desktop contents in the data center for management and protection purposes while distributing the execution of desktop workloads to the endpoints for superior user experience.
“IT managers face significant challenges to increase control, ensure compliance and reduce the operational costs of their desktop infrastructure. At the same time, they are tasked with optimizing the end-user experience,” said Ilan Kessler, CEO and co-founder of Wanova. “Wanova redefines distributed desktop management, so IT has the control they need, and end-users have the productivity they want.”
The founders of Wanova – Kessler and CTO, Dr. Issy Ben-Shaul – also co-founded Actona, which was acquired by Cisco and became the foundation for Cisco’s Application Delivery Business Unit. Prior to founding Actona, Kessler was vice president and general manager for Qualcomm Israel and a research staff member at IBM in New York.
Ben-Shaul was the CTO of the Application Delivery Business Unit at Cisco and led its technology and vision. Prior to Actona, he was a tenured faculty member at the Technion, Israel Institute of Technology, where he worked on wide area distributed systems.
Wanova is headquartered in San Jose, California with a development center in Netanya, Israel. The company’s solutions are currently in field testing with customers.
About Greylock PartnersFounded in 1965, Greylock Partners is one of the world’s leading venture capital firms. Over the past 44 years, Greylock has funded and helped build several hundred successful companies. The Greylock approach uniquely puts the entrepreneur first, with Greylock working as an “invited guest” in a highly supportive yet consultative way to help entrepreneurs build market-leading companies. Companies Greylock has funded include Ascend Communications, CheckFree, Constant Contact, Continental Cable, Decru, Data Domain, Digg, DoubleClick, Facebook, Internet Security Systems, Ikanos, Legato, Linked In, Millennium Pharmaceuticals, Openwave, Red Hat, RightNow Technologies, Success Factors, Tellabs, Trilogy and Wily Technology. Greylock’s offices are located in Silicon Valley, the Boston area, Israel and India. For more information, please visit www.greylock.com.
About Carmel VenturesWith over $600 million currently under management, several successful exits, and a growing portfolio of promising start-ups, Carmel is among Israel’s top-tier venture capital funds. Carmel’s investments are focused primarily on early-stage companies in the fields of software, communications, Internet, media, semiconductors, and consumer electronics. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel provides significant capital and active, hands-on support through the growth cycle of its portfolio companies and is recognized as a true company-building fund in Israel. Carmel, headquartered in Herzliya, Israel, enjoys a worldwide network of industry, strategic and investment resources.
Carmel is an affiliate of the Viola Partners Group, a leading innovative private equity investment group with over $1.8 billion under management focused on technology-based investment opportunities in Israel. For more information, please visit www.carmelventures.com.
About Opus CapitalOpus Capital has more than $1 billion under management and is actively investing a fifth fund. Over the past two decades—since roots at Weiss, Peck & Greer Venture Partners—Opus capital has been involved in more than 80 successful outcomes, including 50 IPOs. The investment team has played integral roles as investors in the early stages of many successful companies including Adaptec, Bridge Communications, DoubleClick, FedEx, Harmonic, Galileo, Informatica, Phone.com, QED and Vantive.
About WanovaWanova, Inc. provides Distributed Desktop Virtualization solutions that transform how companies manage, support and protect their desktops and laptops. Wanova’s Distributed Desktop Virtualization centralizes control of the desktop infrastructure while optimizing the user experience and providing full support for offline use. Wanova’s unique architecture enables companies to reduce costs while dramatically improving IT operations and users’ productivity. Wanova is privately held and headquartered in San Jose, CA with a development center in Netanya, Israel. For more information, please visit www.wanova.com.

Solvay today announced that it has decided to participate, as lead investor, in the second capital increase in three years of Plextronics, Inc., an innovator of technology for the printed electronics market.
Plextronics specializes in the development and commercialization of polymer-based technologies for printed electronics such as OLED lighting and displays, organic solar cells and RFID ’smart’ tags. By investing USD 12 million, Solvay becomes the largest minority shareholder in the Pittsburgh, Pennsylvania-based company. The capital increase gives Plextronics additional financial means to pursue its development and growth strategy in printed electronics. This is an emerging industry that takes advantage of printing technologies to manufacture electronic devices with a wider variety of shapes and supports, including thin, flexible substrates.
“Solvay has identified organic electronics and sustainable energy as platforms for future growth based on radical innovation. The group believes that the new materials and technologies, which it is currently developing through its own R&D efforts and a number of partnerships with technological leaders, convey potential solutions to some of our contemporary societies’ most acute issues, such as the cost-effective implementation of renewable energy sources and energy-efficient devices”, says Léopold Demiddeleer, General Manager of Future Businesses Competence Center. “With its cutting edge technology, Plextronics is a perfect partner for one of Solvay’s most promising innovation platforms,” adds Demiddeleer.
“The funding from this round will enable us to continue to advance our lighting and solar products - namely our Organic Light Emitting Diode (OLED) and Organic Photovoltaic (OPV) materials and inks - so that we can scale these products to meet the customer and industry demand we are seeing,” comments Andrew W. Hannah, President and Chief Executive Officer of Plextronics.
“The global collaboration that our companies envisioned a couple of years ago is going even better than we could have imagined. To have a corporate investor like Solvay that understands our markets, technology and the opportunities that await us is extremely important,” Hannah adds. “Solvay has become a true partner.”
The investment in Plextronics complements Solvay’s own R&D efforts in organic electronics and other collaborations in the field, such as the R&D agreement between the Group’s 100 % subsidiary Solvay Solexis and Thin Film Electronics ASA of Oslo, Norway, to develop polymeric inks for the manufacture of printed memories, as well as Solvay’s research programs with the Center for Organic Photonics and Electronics of the Georgia Institute of Technology. Plextronics, Inc. is an international technology company that specializes in printed solar, lighting and other electronics. Headquartered in Pittsburgh, PA, the company’s focus is on organic solar cell and OLED (Organic Light Emitting Diode) lighting, specifically the conductive inks and process technologies that enable those and other similar applications. Particularly relevant as the worldwide search for renewable energy becomes more urgent, the company’s technology will enable the mass production of printed devices, such as low-cost organic solar cells and high-efficiency lighting.
Details are available at www.plextronics.com.
SOLVAY is an international chemical and pharmaceutical Group with headquarters in Brussels. It employs more than 29,000 people in 50 countries. In 2008, its consolidated sales amounted to EUR 9.5 billion, generated by its three sectors of activity: Chemicals, Plastics and Pharmaceuticals. Solvay is listed on the NYSE Euronext stock exchange in Brussels (NYSE Euronext: SOLB.BE - Bloomberg: SOLB.BB - Reuters: SOLBt.BR). Details are available at www.solvay.com.

Wireless digital radio antenna developer Ubidyne receive investment

Ubidyne, the global leader in antenna embedded digital radio technology for the wireless industry, announced today that Gimv has made a large investment in Ubidyne, joining existing investors Baytech, Doughty Hanson and TVM Capital. This funding will accelerate the company’s ramp to production and drive global market penetration.
Ubidyne has created the world’s first digital, Antenna Embedded Radio(TM) system for wireless communications. Ubidyne’s patent-pending technology significantly improves the operating economics of wireless networks. It reduces energy consumption, enables simple, flexible deployment, and increases the coverage and capacity of mobile communications networks.
“This recent round of funding enables us to accelerate the global launch of Ubidyne’s Antenna Embedded Radio(TM) for re-farming the 900 MHz band and deliver valuable new features including tilt by carrier,” stated Ken Hawk, CEO of Ubidyne. “Ubidyne’s ability to accomplish this financing in light of the recent financial climate is a testament to our team, customers and partners.” “Gimv Technology focuses on game-changing technology companies that can become global leaders. We believe Ubidyne is poised to dramatically revolutionize the wireless base station industry, a market of truly impressive dimensions, with their unique digital radio technology. The Ubidyne team has done a terrific job turning a radical new concept into a real product being field-tested by the world’s leading operators. We look forward to working with Ken Hawk and his team to accelerate growth and build long-term value,” says Hansjorg Sage, Partner at Gimv Technology who led the round.
According to Brian Modoff, Research Analyst, Deutsche Bank: “I have been following Ubidyne for more than two years and their antenna embedded radio platform brings substantial benefits to the mobile operator in terms of performance, reduced footprint, energy efficiency and overall deployment costs.
Operators will finally be able to fine-tune their networks for coverage and capacity without visiting the site.” According to Anirudh S. Srinivasan, Research Analyst, Frost & Sullivan: “Ubidyne’s solution demonstrates considerable versatility and garners universal appeal, with its support for both the CPRI and OBSAI interfaces, and the platform’s support for multiple standards including GSM, WCDMA, and LTE ensures that the solution caters to not just today’s needs, but also tomorrow’s requirements. It may be only a matter of time before this novel solution that is cost-effective, energy efficient, and consequently environment-friendly, becomes ubiquitous among cellular base stations across the globe.” About Ubidyne: Ubidyne was formed in 2005 to bring its groundbreaking digital Antenna Embedded Radio(TM) technology to market. Ubidyne’s products are manufactured in close cooperation with Andrew and Kathrein and will be available from Nokia Siemens Networks as part of their Flexistation product family. The Ubidyne integrated active antenna systems are compatible with CPRI and OBSAI optical interfaces and support current and next-generation standards including GSM, UMTS, HSPA+, and LTE. Ubidyne’s micro-radio technology is integrated within wireless antennas and revolutionizes the economics of mobile communications. This eliminates the need for coaxial feeder cables, remote electrical tilt and additional amplifiers on antenna towers and masts. The Ubidyne technology significantly reduces energy consumption while improving radio performance, deployment flexibility, coverage and capacity of mobile communications networks globally. For more information visit www.ubidyne.com.
About Gimv: Gimv is a European investment company with nearly 30 years of experience in private equity and venture capital. The company is listed on NYSE Euronext Brussels and currently manages around EUR 1.7 billion of assets (including third-party funds).
Gimv undertakes buyouts and provides growth capital to established companies.
Local teams in Belgium, France, The Netherlands and Germany concentrate on these activities. Gimv-XL provides growth financing to larger growth companies in Flanders. Gimv makes venture capital investments in high-tech sectors through its specialist teams in Life Sciences, Technology and Cleantech.
Its DG Infra+ fund also focuses on infrastructure projects in the Benelux. For growth capital investments in Russia, Gimv has a joint venture with KBC Private Equity.
For more information about Gimv, please visit our website: www.gimv.com.

Coherex Medical raise $16.5 M

Coherex Medical, Inc. today announced that it has closed a $16.5 million Series B Preferred Stock financing. After the close of this investment, Coherex has now raised nearly $28.0 million in equity financing from outside funding sources since inception.
vSpring Capital and Oxford Bioscience Partners were co-lead investors on this financing, and both venture capital firms participated in Coherex’ prior Series A Preferred Stock financing. Also joining vSpring and Oxford in Coherex’ Series B financing were Tullis Health Investors, a leading venture capital firm focused on the healthcare industry, and a strategic investor.
“I am pleased to announce today that Coherex Medical™ has closed its Series B financing, particularly given today’s challenging economic times,” said Richard J. Linder, Coherex president and CEO. “This is a solid example of the quality of the Coherex team and our success in developing the Coherex FlatStent™ EF PFO Closure System, a technology that represents a significant advancement in the treatment and repair of patent foramen ovale, a common heart defect.”
Coherex announced in June that the Coherex FlatStent EF was the first “in-tunnel” device to receive CE Mark clearance for closing Patent Foramen Ovale (PFO), a heart defect found in approximately 20 percent of the worldwide population.
“We believe that PFO closure represents a significant market opportunity, and we are confident that Coherex Medical has developed the next generation device for PFO closure with its Coherex FlatStent,” said Dinesh Patel, Ph.D., vSpring managing partner and Coherex board member. “In addition, we believe Coherex is establishing itself as a leading structural heart company, and as a result, we are excited to invest again in Coherex, its technologies and its people.”
“Coherex Medical is one of the most promising medical device companies we have found in the world,” said Jeff Barnes, general partner of Oxford Bioscience Partners and Coherex board member. “Not only does Coherex have superior technology addressing substantial market opportunities, its senior executives have been down this path before. They’ve designed innovative medical devices, navigated the regulatory process, and taken products to the marketplace. We believe that the combination of a talented and experienced management team coupled with world class technology almost always leads to market success.”
About Patent Foramen Ovale (PFO) Heart Defects
A foramen ovale is a tunnel-like opening between the upper chambers of the heart that allows blood to bypass the lungs while a fetus is in the womb. Normally, the foramen ovale closes soon after an infant is born. However, if this opening fails to close naturally after birth, the opening is said to remain patent and the condition is called a patent foramen ovale (PFO) – a common heart defect that occurs in approximately 20 percent of the population.
Under certain conditions, a PFO may allow blood to bypass the lungs and shunt directly from the right side of the heart to the left. Since the lungs normally filter all blood flowing through the body, such shunting may allow unfiltered blood clots and other components to travel directly to the brain or other regions of the body.
About Coherex Medical
Formed in 2003, Coherex Medical is focused on addressing structural heart disease and conditions through the development of innovative medical devices. For more information, please visit www.coherex.com or call 801-433-9900.
About Oxford Bioscience Partners
Oxford Bioscience Partners is one of the largest venture capital firms focused exclusively in the life science sectors. With approximately $1 Billion under management and 13 investment professionals, Oxford has invested in and provided management assistance to well over 100 start-up, early and mid-stage companies.
About vSpring Capital
vSpring Capital (www.vspring.com) is an early-stage venture capital firm with approximately $400 million under management. With offices in Utah and New Mexico, vSpring invests in information technology and life science companies that have the potential to transform their markets and create lasting value.
About Tullis Health Investors
Tullis Health Investors provides venture capital to small and mid-sized health care companies at all stages of growth. Based in Stamford, Connecticut, the firm was founded in 1986 and has raised four health care focused venture capital funds. For more information on Tullis Health Investors and its portfolio companies, please visit the firm’s Website at www.thi-funds.com.

Ethernet switching developer Woven Systems acquired by Fortinet

Fortinet® — a market-leading network security provider and worldwide leader of unified threat management (UTM) solutions — today announced it has acquired certain assets and intellectual property of Woven Systems, formerly a provider of Ethernet fabric switching solutions for the high-performance computing market. Woven’s high-speed switching and sophisticated traffic management technology will be used to further enhance the performance of Fortinet’s FortiGate®-5000 Series chassis-based security solutions.
Among Woven’s family of Ethernet switching products is one of the world’s smallest, densest and highest-performing 10 GbE switches, which attributes its speed to a custom-designed switching ASIC with unique traffic management capabilities. Fortinet intends to combine Woven’s technology with its own custom network and content processors for increased scalability, which will bring about additional acceleration of security throughput for its FortiGate-5000 Series appliances. Increased switching power in the chassis-based product means communications within and between security blades will happen at greater speeds and result in overall superior scalability and performance for Fortinet’s high-end customers, including large enterprises, carriers and service providers.
“Woven’s ASIC-driven approach to high performance is highly complementary to Fortinet’s own strategy for maximizing performance through customized processors,” said Ken Xie, CEO and co-founder, Fortinet. “This acquisition will harness the performance power of our respective technologies to offer tremendous benefits to customers who require the fastest and, often, the most mission-critical network security environments.”
Fortinet intends to continue selling certain Woven products and to provide support to new and existing customers who purchase FortiCare 24×7 support contracts. Additional information on the FortiGate-5000 Series can be found at http://www.fortinet.com/products/fortigate/5000series.html.
About Fortinet (www.fortinet.com)
Fortinet is a leading provider of network security appliances and the market leader in Unified Threat Management or UTM. Fortinet solutions were built from the ground up to integrate multiple levels of security protection — including firewall, antivirus, intrusion prevention, VPN, spyware prevention and antispam — designed to help customers protect against network and content level threats. Leveraging a custom ASIC and unified interface, Fortinet solutions offer advanced security functionality that scales from remote office to chassis-based solutions with integrated management and reporting. Fortinet solutions have won multiple awards around the world and are the only security products that are certified in five programs by ICSA Labs: Firewall, Antivirus, IPSec VPN, Network IPS, and Antispam. Fortinet is based in Sunnyvale, California.

MEMS Startup Akustica acquired by Robert Bosch

Robert Bosch North America has agreed to acquire Akustica, Inc., an innovator in the application of CMOS (complementary metal oxide semiconductor) MEMS (micro electro-mechanical systems) technology in the consumer electronics market. Terms of the agreement will not be disclosed.news_0908_akustica_text
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Akustica, which was founded in 2001, is based in Pittsburgh, Pennsylvania. The company develops and sells a complete portfolio of digital and analog micro electromechanical microphones featuring CMOS MEMS technology. This innovative technology allows the integration of transducer elements and associated integrated circuits on a single silicon chip. Bosch is the world leader in MEMS sensors and, with this acquisition, further strengthens its position in this market.
“The strategic acquisition of Akustica with their outstanding application of sophisticated MEMS technology complements our growing semiconductor business and ideally complements our ongoing MEMS activities” said Dr. Stefan Kampmann, executive vice president, Bosch Automotive Electronics. “We look forward to working together with the Akustica team to continue to develop this important business area.”
To date Akustica, which developed and sold the world’s first digital MEMS microphone, has sold over five million microphones in the global market. All of the company’s 36 associates will be employed by Bosch.
According to Joseph A. Jacobson, president and chief executive officer, Akustica, Inc., “We are excited to join the market leader in MEMS sensors and be a part of Bosch’s expansion in commercialization of consumer MEMS products. The strength of our combined technology, manufacturing capability, and talent will allow us to continue delivering innovative and differentiating sensor product solutions.”

Sequoia Communications shuts down.

Sequoia Communications, a San Diego-based fabless RF semiconductor company, has shut down. The company had raised over $70 million in VC funding, from BlueRun Ventures, Gabriel Venture Partners, Huntington Ventures, Motorola Ventures and Tallwood Venture Capital. www.sequoiacommunications.com

Miniture project technology developer Syndiant raises $10.7M

Syndiant, enabling consumers to enjoy a large screen experience in handheld electronics, closed a $10.7 million series B funding round with private investors and the Texas Emerging Technology Fund. The funding enables Syndiant to accelerate its mass production ramp and product development roadmap.
“Securing this funding was a huge accomplishment, especially given the current state of the economy. It speaks volumes to the opportunity we have with our superior technology and business strategy,” said Mark Harward, CEO of Syndiant. “A strong balance sheet enables us to ramp volume sales while we simultaneously extend our technology leadership position in the pico projector market. Syndiant has a clear advantage over our competition – our patented architecture and small pixel technology enables high definition in projectors tiny enough to embed in cell phones and cameras. We are excited about engagements with numerous OEMs, and our strong balance sheet will hasten market acceptance of next-generation pico projectors that provide better performance and higher resolution.”
“The Texas Emerging Technology Fund (TETF) was an important initial investor in this round. Syndiant is proud to have met the milestones on schedule to secure the second and final tranche of the TETF’s $3.5M investment,” Harward stated. The TETF mission is to expedite the commercialization of innovations, create and establish private sector entities that will increase high-quality jobs and increase applied research projects for Texas Institutions of Higher Education.
Syndiant’s first VueG8® product, an SVGA and WVGA micro display, is ramping to volume production now. Several new products in Syndiant’s VueG8 product family will be announced in the coming months.
About Syndiant
Syndiant manufactures the world’s smallest and highest resolution light modulating chips used in ultra-portable projectors small enough to embed in a cell phone. Syndiant’s patented technologies will provide a large screen experience in handheld electronics, such as smartphones, notebook computers, portable media players, video game consoles and cameras. The company is headquartered in Dallas, with a branch office in Taiwan. For more information, visit www.syndiant.com.

Semiconductor Memory Manufacturer AISI raise $11M

Advanced Inquiry Systems, Inc. (AISI) announced today that it has closed an $11 million Series B financing with all its current investors participating. With this funding, AISI plans to complete customer validation of its game-changing full wafer data sensing systems for semiconductor memory manufacturing.
The company also announced it has received a purchase order for its first DRAM (DDR3) products from a large, Asia-based semiconductor memory manufacturer.
The company has developed a proprietary silicon based platform that will enable lower cost testing of memory devices. The technology is unique in the test world as it is able to operate at very high speeds improving tester utilization through parallelism and it can scale both in pin density and wafer size. It is a new category of making complete contact with the entire wafer under test that leverages low cost and high signal integrity to bring intelligence at the wafer for early detection of product performance, reliability and quality.
“The continued support of our world-class investor team validates the strength of AISI’s vision and the growing momentum behind bringing our technology to market,” said Michael Wright, president and CEO, AISI. “Our investors recognize that AISI has immense potential, with an opportunity to serve an established growth market. This round of funding will provide AISI the capital required to reach its next significant milestone – customer validation of full wafer test.”
AISI investors who participated in the current round of financing include OVP Venture Partners, TL Ventures, Intel Capital, Applied Ventures, KT Ventures and Northwest Ventures.

Video security specialist 3VR Security raise $12 M

3VR Security, Inc., the searchable surveillance leader, today announced that it has closed a $12 million Series D round of funding led by Menlo Ventures. As part of this transaction, Sonia Hoel Perkins, a managing director of the firm, will join the 3VR Board of Directors.
Founded in 2002, 3VR pioneered the first intelligent video surveillance solution, which has become a new standard for the security surveillance market. In the past year, the company has released its S-Series SmartRecorder, a game-changing new platform surveillance solution, forged channel partnerships with industry leaders including Diebold and Ingersoll Rand, and continued to build its base of over 600 customers in industries ranging from retail and hospitality to banking and government. Today, 3VR leads the market with the largest private facial recognition deployment in the world, the most accurate facial surveillance recognition technology and the industry’s most sophisticated integrated video management solution overall.
“This financing is a testament to the burgeoning market for searchable surveillance solutions and the great momentum we have established in the industry” said Al Shipp, CEO at 3VR Security, Inc. “The ability to combine advanced analytics and biometrics into a single surveillance platform with simple integration options is one of the most significant developments in the history of the security industry. Comprehensive surveillance platforms are fast becoming table stakes for any company looking to more efficiently combat fraud and improve the overall security and profitability of their operations.”
3VR offers a full family of searchable surveillance solutions for enterprises, from the E-Series SmartRecorder, the world’s most advanced and flexible hybrid DVR/NVR, to the S-Series SmartRecorder, a newly released compact, economical and low-bandwidth video system also built on 3VR’s unique searchable surveillance platform. All 3VR SmartRecorders feature video analytic, data integration and search capabilities, in addition to advanced motion and facial surveillance. The solution furthermore features best-in-class central management options ideal for cost conservative organizations.
In addition to its suite of SmartRecorder intelligent video management platforms, 3VR also recently released CrimeDex 2.0, a collaborative criminal data-sharing service that allows criminal investigation organizations to share information, expedite investigations and prevent fraud and theft. Featuring unique social networking capabilities and a comprehensive Web-driven database of complete profiles for more than 14,000 criminal suspects, CrimeDex fully integrates with all 3VR SmartRecorders.
“In 3VR, you have a company that is offering new levels of innovation while continuing to provide its customers with the industry’s most sophisticated video management platform overall,” said Sonia Hoel Perkins, managing director at Menlo Ventures. “We have been impressed with 3VR’s incredible momentum, upside potential and ability to deliver completely unique technology in a broad and fast-growing market.&rdquo
ABOUT 3VR
3VR Security, Inc., the searchable surveillance leader, provides the first video management system powered by a search engine with integrated video analytics. 3VR systems lower physical and operational costs while dramatically improving the effectiveness and efficiency of investigations for fraud, theft, and other crimes. Based in San Francisco, CA, the company is privately held with funding from Kleiner Perkins Caulfield & Buyers, Menlo Ventures, VantagePoint Ventures, In-Q-Tel, and DAG Ventures. 3VR is the three-time winner of the SIA best new video product, was named security product of the year from Frost & Sullivan 2006 and 2007 among other awards.For more information please visit: www.3vr.com

Digital Multimedia Analogix Semiconductor raises $10M

Analogix Semiconductor, Inc., a world leader in high performance digital multimedia interface solutions, today announced that it has closed a $10 million Series B-3 venture capital funding round. The round was led by China-focused venture capital group Keytone Ventures. Major existing Analogix Semiconductor investors, including Woodside Fund, DCM, Globespan Capital Partners, and JAIC, participated.
With offices in Santa Clara, Shenzen, Beijing, Taipei, and Tokyo, Analogix Semiconductor has made a name for itself in the development of semiconductors for the digital multimedia market. “Ever since Analogix Semiconductor was founded in 2002, this company has developed innovative products in the market for high-performance semiconductors for digital multimedia,” says Dr. Kewei Yang, Chairman and CEO of Analogix Semiconductor.
Analogix Semiconductor was the first company to deliver DisplayPort technology and the first to market HDMI receivers and transmitters with a reach of 25 meters over low-cost cable. It was also the first company to introduce a discrete DisplayPort 1.1a transmitter certified by the Video Electronics Standards Association (VESA).
Dr. Yang adds, “Our recent product releases, such as this spring’s release of the ANX7150 CoolHD™ HDMI transmitter, position Analogix Semiconductor well for the future. We are excited to gain the financial support from leading venture capital firms in such a difficult economic environment. The executive team at Analogix Semiconductor is looking forward to working with Keytone Ventures and our other investors to continue to build a great company.”
As part of the financing, Stella Xi Jin, a partner with Keytone Ventures, is joining the Analogix Semiconductor board of directors as a new member. “I am very excited to join the board,” Ms. Jin says. “Analogix Semiconductor is widely regarded as an innovator in the HDMI and DisplayPort markets. I see a bright future for this company, and I’m happy to have the opportunity to help Analogix Semiconductor develop and grow.”
About Analogix Semiconductor
Analogix Semiconductor, Inc. designs and manufactures high-performance analog and mixed-signal semiconductors for the digital multimedia market. Analogix is a leader in providing end-to-end interface connectivity semiconductor solutions for DisplayPort, the next-generation digital interconnect for the personal computer. Analogix also provides a full suite of HDMI 1.2 and 1.3 transmitters, including ultra-low power CoolHD™ family products, and receivers for the distribution of high-definition video and audio in consumer electronics. Analogix is based in Santa Clara, Calif., with offices in Beijing, China; Shenzhen, China; Taipei, Taiwan; and Tokyo, Japan. For more information, visit http://www.analogix.com.

Online Identity Management Technology Developer Workforce raises first round

Workface(R) Inc., a leading provider of online identity management technology, announced the completion of its first round of venture capital financing led by Fargo, North Dakota-based Arthur Ventures. This round of financing will help fund the expansion of their premier product BusinessCard2(R), a digital business card platform located at www.businesscard2.com.
“We are very excited about Arthur Ventures decision to take a stake in our company. They have already been an essential partner and contributed greatly to the development of BusinessCard2(R) technology. This venture capital financing transaction will help accelerate our growth plans and deliver an even more compelling technology solution to our customers,” stated Workface(R) CEO Lief Larson. “We think the world of the Arthur team, and we appreciate all the experience they bring to furthering our growth plans for an internet business card.” “Lief and his team have great passion for technology solutions that focus on solving customer problems, we are thrilled to be partnered with Workface(R) Inc.
and the BusinessCard2(R) marketing platform,” said Chairman and Cofounder of Arthur Ventures Doug Burgum. “We believe that BusinessCard2 will be an important tool for anyone who is interested in reaching into the web to obtain new customers while building and managing their online identity.” BusinessCard2(R) is a cutting-edge marketing platform that enables professional identity management. It allows users to create, control and leverage their professional online identity via a portable and interactive online business card. BusinessCard2 was created to bridge the gap between traditional business and sales processes that occur in the real world with virtual processes on the internet.
The BusinessCard2 platform serves as a tool for businesses of any size to reach customers in a new and engaging way on the internet. Users of BusinessCard2(R) are able to distribute their business card anywhere on the web for free or take advantage of BusinessCard2(R) Push(SM), a powerful distribution network and lead generation service.
BusinessCard2(R) is capable of reaching beyond the barriers of existing social networks to deliver any professional identity to thousands of new potential customers. A users’ BusinessCard2(R) is placed on geographically and contextually relevant high traffic websites where real customers will have a chance to interact with the client’s card. BusinessCard2(R) acts as a powerful awareness and lead generation tool for more than 10,000 business professionals around the world.
“Arthur Ventures is excited to partner with a company that shares our passion in providing solutions that offer meaningful impact in the lives of customers,” said Arthur Ventures Managing Director James Burgum. “The vision of BusinessCard2 in replicating centuries old processes in the virtual online world of today is extremely exciting; we believe that BusinessCard2(R) will be the standard in online personal identification.” About Arthur Ventures Arthur Ventures is a venture capital fund located in Fargo, ND that seeks to identify and partner with well-managed businesses with potential for accelerated growth. More information about Arthur Ventures can be found at www.ArthurVentures.com.
About Workface Inc.
BusinessCard2(R) is the creation of Workface(R) Inc., a privately funded software firm located in Minneapolis, Minnesota. Workface(R) was founded in July 2006 with the simple idea of connecting business professionals in meaningful relationships on the internet.

Femtocell developer Ubiquisys Raises $11M

Ubiquisys Raises $11m Funding to Support Femtocell Deployments WorldwideCompany Secures Funding and Announces New CFO as Commercial Deployments Begin Swindon UK - Ubiquisys, the leading developer of 3G femtocells, today announced it has secured $11m dollars funding from its existing shareholders to support it with a range of commercial operator deployments soon to take place globally targeting both the consumer and enterprise markets. At the same time the company also announced that Alison Sparshatt will be joining as CFO. "The femtocell industry is about to enter a phase of aggressive growth," said Chris Gilbert, CEO of Ubiquisys. "We have already seen the first major operator launches and the autumn will see a number of others unveiling their future plans. Securing this funding, against the current economic backdrop, underlines our investors' commitment to the company's technology and reaffirms our position as pioneers of the femtocell market." Earlier this year Softbank announced the world's first commercial 3G femtocell deployment using the Ubiquisys ZoneGate. The company has pioneered the industry since it was founded in 2004, securing partnerships with the leading OEMs in the sector such as NEC, Nokia Siemens Networks, and NETGEAR. The company's real-time cognitive radio was central in solving the issue of interference seen by many as a potential stumbling block to widespread femtocell deployments. The appointment of Alison Sparshatt brings proven expertise in guiding the growth and maturity of entrepreneurial technology companies. Her comprehensive experience with pioneering technology companies such as Pixology, Anthropics Technology and NetBenefit will be invaluable to Ubiquisys as it moves into a new growth phase. Contacts For UbiquisysEd HowsonTel: +44 (0)7740173051ed.howson@temono.com