The SEVC will showcase 40 companies ranging from late stage pre-IPO firms to earlier stage firms from a variety of technology industries. The 40 presenting companies are well on their way to being the future stars of the region's economy having collectively raised already close to half a billion in venture capital to date. Presenting companies from Washington DC, Virginia, Tennessee, North Carolina, Maryland, Georgia, Florida, and Alabama are all represented at the SEVC.
Aldis - Oak Ridge, Tennessee; www.aldiscorp.com
Aldis, founded in 2006, is a CleanTech company developing and commercializing proprietary efficient traffic and energy management technology and services to municipal partners. The company closed on just under $4 million in its first round of institutional financing from Innovation Valley Partners, Battelle Ventures and Meritus Ventures.
Altea Therapeutics - Atlanta, Georgia; www.alteatherapeutics.com
Altea, having raised over $47 million in venture funding to date, is developing and commercializing pharmaceutical products based on a new class of transdermal patches that deliver therapeutic levels of water-soluble small drugs, proteins and carbohydrates in a convenient, painless and cost-effective manner. The company's insulin transdermal patch provides an alternative to repeat insulin injections, tapping into the growing $7 billion global insulin market.
Camero - Tysons Corner, Virginia; www.camero-tech.com
Founded in 2003, Camero is a developer of a disruptive 'Through-Wall Vision' technology, generating real-time, three-dimensional images of stationary and moving objects concealed behind solid barriers for use in Military, Law Enforcement and Search and Rescue applications. The company has raised over $19 million through its Series B round from investors including Motorola Ventures, Greylock Partners, Jerusalem Global Ventures, Alta Berkeley and Walden.
Catalyst Web - Alexandria, Virginia; www.catalystweb.com
Catalyst is a Software-as-a-Service firm that provides enterprise-grade productivity and communications software to small and medium-sized businesses. CEO, Bob Mathew, was previously founder of Valor Telecommunications which went public in 2005 and later merged with Alltel's wireline phone business to become Winstream Communications (an S&P 500 company).
clearTXT - Cary, North Carolina; www.cleartxt.com
clearTXT is a provider of information delivery and alerts platforms for colleges and universities, enabling a multi-channel approach for campus communications by sending messages via email, text message, ticker desktop window, instant message and pop-up desktop alerts. The company was founded in 2003 by CEO Doug Kaufman, PhD, a former executive with e-Learning firm Blackboard.
ConnectivHealth - Brentwood, Tennessee; www.connectivhealth.com
ConnectivHealth provides digital health care information to schools, hospitals, physicians and health care professionals through its online publications and e-mail products. Health and medical information continues to be a top category among the top Internet search topics. The company has raised venture capital from Chrysalis Ventures and Petra Capital Partners.
Cybera - Franklin, Tennessee; www.cybera.com
Founded in 2001, Cybera delivers high-speed, private networking solutions to multi-location businesses. The company closed its $18 million Series C round in the spring of 2007. Investors include Adams Street Partners, Chrysalis Ventures and Claritas Capital among others.
Cyveillance - Arlington, Virginia; www.cyveillance.com
Through continuous, comprehensive Internet monitoring and sophisticated intelligence analysis, Cyveillance proactively identifies and eliminates threats to information, infrastructure and individuals. Cyveillance currently serves the majority of the Fortune 50 and over 30 million global consumers through its partnerships including AOL and Microsoft. The company has received funding to date from such investors as ABS Capital Partners, Lazard Technology Partners, NEA, Blackrock and Graystone Venture Partners.
Digitalsmiths - Raleigh, North Carolina; www.digitalsmiths.com
Digitalsmiths has developed the first universally compatible broadband video contextual ad-matching system helping to facilitate the world of video advertising. The online video advertising market is expected to grow from $410 million in 2006 to $2.9 billion by 2010. DigitalSmiths completed a $6 million Series A round in June 2007 led by Aurora Ventures and Chyrsalis Ventures.
ESP Systems - Charlotte, North Carolina; www.espsystems.net
ESP Systems is the sole provider of Guest Customized Service systems for the restaurant industry. The company’s patented system uses advanced wireless technologies to streamline the service model at restaurants, empowering each guest to customize their dining experience while simultaneously increasing the productivity of each restaurant’s employees. The company has raised over $12 million to date.
Fair Warning - St. Petersburg, Florida; www.fairwarningaudit.com
Fair Warning is a provider of solutions that help healthcare organizations increase their security responsiveness, identify insider security incidents, automate compliance and reduce associated costs. Prior to founding Fair Warning, CEO Kurt Long founded and served as CEO of two highly successful software companies, OpenNetwork Technologies, acquired by BMC Software and OpenWeb, acquired by USWeb.
First Mile Communications – Atlanta, Georgia; www.firstmile.com
First Mile Communications provides high-capacity scalable and secure wireless internet using fixed wireless technology. Cofounder and President, Stanley Allen, has raised over $300 million in private equity in his previous telecom launches including Cypress Communications, a provider of voice, data, and video solutions to businesses in commercial office buildings which he took public as CEO.
FortiusOne - Washington, DC; www.fortiusone.com
FortiusOne, provides next-generation Intelligent Mapping Solutions, allowing users to map 1,500 unique sets of data with geospatial imaging tools. A spin out of George Mason University in 2005, the company raised a $5.4 million Series B round during the summer of 2007, led by In-Q-Tel, which is backed by the Central Intelligence Agency and New York's Chart Venture Partners.
Inlet Technologies – Raleigh, North Carolina; www.inlethd.com
Inlet’s patent-pending encoding solutions enable content providers to perform high quality video compression for use over a wide range of devices. The global video encoding market is expected to be $3.2 billion by 2015. Inlet has raised two rounds of investment from investors including Technology Venture Partners, Telecommunications Development Fund and Capitol Broadcasting.
Jacket Micro Devices – Atlanta, Georgia; www.jacketmicro.com
Jacket Micro Devices, founded in 2002, has developed some of the smallest and highest performing RF modules available on the market. The company’s patented platform technology dramatically reduces the size and cost of the RF components used in wireless devices. The WLAN chipset market is estimated to reach 430 million units and nearly $3 billion dollars in annual revenue by 2009. The company has received investment from Intersouth Partners, Noro-Moseley, Sevin Rosen Funds and Imlay Investments.
Kajeet - Bethesda, Maryland; www.kajeet.com
Founded in 2003, kajeet is the first pay-as-you-go cell phone service designed for teens and the teen market. The number of American teens armed with cell phones is expected to grow 60 percent by 2010, to 10.5 million. Kajeet raised $36.8 million in series B venture funding led by Draper Fisher Jurvetson Growth Fund in September 2007. It had previously raised a $27 million Series A in 2006. Additional investors include Bessemer Venture Partners; Fidelity Ventures; Gabriel Venture Partners; and InterWest Partners.
M3TG - Charlotte, North Carolina; www.m3tg.com
M3TG is a provider of customized professional and enterprise communications infrastructure services, secure electronic messaging, infrastructure systems development and management, information security, zero-impact migrations, and emerging technologies. The company, founded in 2002, closed an expansion round of $6 million in October of 2007, led by Frontier Capital.
NanoCor Therapeutics – Chapel Hill, NC; www.nanocorthx.com
Approximately five million patients in the United States and over fifteen million patients worldwide suffer from congestive heart failure (CHF) with over 500,000 new cases diagnosed each year with the CHF. NanoCor has developed a non-invasive delivery approach to a proprietary therapeutic for CHF. NanoCor believes its lead therapeutic has the potential to generate worldwide annual revenues ranging from $500 million to $1.5 billion within 5 years of launch. Medtronic, a public medical technology firm, invested close to $4 million in NanoCor in 2007.
Neurostar Solutions - Atlanta, Georgia; www.neurostarsolutions.com
Neurostar Solutions' innovative technology is designed for outsourcing radiology services through its virtual radiology networks. The company's cost-effective, Web-based imaging solution helps practices ensure reading by designated radiologists, wherever located, in a timely fashion, addressing today's radiologist shortage, the growing need for specialized image interpretation and the challenges of reduced reimbursements.
Novamin - Alachua, Florida; www.novamin.com
NovaMin is looking to tap into the $7.4 billion US oral health care market, with technology that helps repair decayed teeth and makes them whiter. The technology was developed originally at the University of Florida. Novamin's Series B round was led by Intersouth Partners.
NovaVision - Boca Raton, Florida; www.novavision.com
NovaVision is a provider of FDA-cleared non-invasive medical devices, tests, and therapies which diagnose and treat patients experiencing vision loss after stroke, traumatic brain injury (TBI), or optic nerve injury. Growing by more than 90,000 new patients each year, approximately 1.5 million stroke and TBI patients in the United States suffer from major visual field deficits. Since launching in 2002, NovaVision has secured over $40 million in funding through its Series C round.
Overture Networks - Research Triangle Park, North Carolina; www.overturenetworks.com
Overture Networks is a developer of converged packet access platforms for Carrier Ethernet services, combining the packet-switched and circuit-switched worlds into a single architecture - at cost points that make it extremely attractive for offering Ethernet and legacy services to any size location - over copper or fiber. In 2007, the company closed a $12.3 million Series C round from investors including Lehman Brothers Venture Partners, Morgenthaler Ventures, Intersouth Partners, TDF, Armada Ventures and Gray Ventures.
Parature – Vienna, Virginia; www.parature.com
Parature is a provider of on-demand customer support and help desk software offered via a software-as-a-service (SaaS) model. Founded in 2000, Parature received the 2007 Product of the Year Award from Customer Interaction Solutions magazine and has been named to the Inc. 5000 list of Fastest Growing Private Companies in America. Parature currently serves over 8 Million registered users at hundreds of organizations worldwide. The company has raised capital from Vienna, Virginia based Valhalla Partners and Menlo Park, CA based Sierra Ventures.
Passport Health Communications - Franklin, Tennessee; www.passporthealth.com
Passport Health Communications provides a suite of technology solutions designed to manage the healthcare revenue cycle. The company was recently named to the Inc. 5,000 list of the fastest-growing private companies in America, growing its revenues 128.8 percent from $13.6 million to $31 million during 2003 to 2006.
Plurogen Therapeutics- Charlottesville, Virginia; www.plurogen.com
PluroGen Therapeutics, using technology developed at the University of Virginia, is a wound healing company targeting the chronic wound and burn markets with two patented technology platforms. The company estimates the total annual global market for its products to be $5.2 billion. One of the company’s wound products has the unique ability to thicken at body temperature while liquefying at cooler temperatures enabling it to be easily rinsed away with water, making it unique and valued in the wound marketplace.
Prenova - Marietta, Georgia; www.prenova.com
Founded in 2003, Prenova provides energy process management solutions and technologies to help customers reduce their total energy spend. Prenova manages billions of dollars in annual energy expenditures across hundreds of thousands of customer locations nationwide. The company has raised over $30 million from investors including Arcapita, Austin Ventures, Colonnade Capital, Frontenac, Rivers Cities Capital Funds and Siemens Venture Capital.
Prioria - Gainesville, Florida; www.prioria.com
Prioria, is a developer of micro air vehicles (MAV’s), a subset of the unmanned aerial vehicle (UAV) market, which feature unique visually based onboard navigation systems and data processing capability. The company’s navigation systems are also applicable for use in the existing UAV marketplace, which is estimated to grow from $2.6 billion in 2005 to $55 billion in 2017. The company has received venture funding to date from Florida Gulfshore Capital and Emergent Growth Fund.
Real Digital Media - Sarasota, Florida; www.realdigitalmedia.com
Real Digital Media provides next generation digital signage products for point-of-purchase marketing, advertising and corporate communication networks. The company hopes to tap into a portion of the growing digital signage market which analysts predict to top $3.6 billion by 2011.
Recordant - Alpharetta, Georgia; www.recordant.com
Recordant is currently the only provider of audio-capture technology solutions that generate actionable feedback from organizations’ face-to-face interactions with the public. The company’s technology allows these interactions to be analyzed and processed automatically, ultimately providing significant improvements in customer service and standards compliance, while maximizing sales performance. The company closed on a $9 million Series B round earlier in 2007 from Pequot Ventures, Kodiak Venture Partners and Aurora Funds.
Revolution Money - Largo, Florida; www.revolutionmoney.com
Founded and backed by AOL co-founder, Steve Case, Revolution Money combines a PayPal-like money transfer service with a credit card that can also be linked to a bank account, using Internet technology to circumvent traditional fees that credit card networks charge. The service will also allow money transfers between consumers. Revolution Money raised a $50 million Series B in 2007 with funding from financial firms Citi, Morgan Stanley, and Deutsche Bank. Board members include AOL exec Ted Leonsis, former Treasury Secretary Lawrence Summers, former Mastercard CEO Russell Hogg, and former Charles Schwab chief executive David Potruck.
Ruckus Network - Herndon, Virginia; www.ruckusnetwork.com
Ruckus Network is a provider of digital entertainment services to more than 900 college campuses. The company, founded in 2003, is led by Michael Bebel, formerly CEO of Mashboxx and President and COO of Napster, where he was responsible for relaunching Napster 2.0 into a successful "legitimate" business model. Ruckus raised a $10 million Series B round in May of 2007 led by Columbia Capital and the Anschutz Investment Company.
SoloHealth – Duluth, Georgia; www.solo-health.com
SoloHealth, a spinout from CIBA Vision, the eye care unit of Novartis, is an early stage company that has developed automated self-service vision testing kiosks designed for use in malls and other public places. EyeSite will encourage better vision health and education -- and in turn, refer greater numbers of prospective patients to eye care practices. The company is attempting to capitalize on the $25 billion US vision care market and the growing consumer preference for self-directed health care services.
SteelBox Networks - Atlanta, Georgia; www.steelbox.com
Founded in 2003 by senior executives and technical veterans from Cisco Systems, Scientific Atlanta and Nortel Networks, SteelBox Networks is developing large-scale solutions for video that enable hundreds of live and recorded streams of content to be handled through video over IP networks.
The company's most recent $10 million investment round was led by Menlo Park's Sierra Ventures.
Suniva - Atlanta, Georgia; www.suniva.com
Suniva develops high efficiency silicon photovoltaic (PV) solar cells based on Georgia Tech innovations. The company, founded in 2007, has raised $5.5 million in its first round led by New Enterprise Associates and H.I.G. Ventures. CEO John Baumstark was previously a partner at HIG Ventures, CEO of DWL (a customer data integration software company acquired by IBM) and a senior executive at several other successful technology companies. The company completed its second round of financing for $50 million in early 2008, co-led by New Enterprise Associates and Advanced Equities.
Time Domain - Huntsville, Alabama; www.timedomain.com
Time Domain Corporation offers unique technology that utilizes Ultra-wideband (UWB) radio frequency (RF) technology combining three functions-radar, communications, and positioning-into one device. In 2007, the company announced a $25 million financing round led by Pharos Capital Group.
Vidrunner - Blacksburg, Virginia; www.vidrunner.com
The Vidrunner product allows mobile phone users to broadcast live video to PCs or to mobile phones. Sending and viewing is simple, fast and secure due to the unique patented peer-to-peer technology. Vidrunner involves a lightweight mobile phone application for the sender, a Java applet for the viewer, and a service for making the connections. Unlike other mobile phone video products, the application is hardware-independent and highly scalable, minimizing infrastructure and bandwidth requirements.
Vostu - Miami, Florida; www.vostu.com
Vostu, founded in 2007, has developed an online community of social networks localized and personalized for the Latin American market, which represents one of the fastest growing Internet populations globally. The company has received initial funding support from Intel Capital.
vTSilicon - Atlanta, Georgia; www.vtsilicon.com
VT Silicon is a fabless semiconductor company that designs and manufactures multi-band radio frequency integrated circuit (RFIC) solutions for the mobile wireless broadband market. The Georgia Tech spin out raised its first round of financing from California-based Menlo Ventures.
Vumii - Atlanta, Georgia; www.vumii.com
Vumii is a provider of unique sophisticated surveillance technologies, leveraging expertise in electro-optics and image processing to develop advanced, affordable visualization and image interpretation tools that easily integrate with existing security systems. The company has raised over $8.5 million to date in its quest to tap into the $100 billion plus global electronic security market.
Yap - Charlotte, North Carolina; www.yapme.com
Yap has developed an automated speech recognition technology that allows cell phone or other device users to speak messages to be sent as text. The company plans to seek a $10 to $20 million second round as it looks to tap into the growing $52 billion US text messaging market.
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