Posts Tagged ‘Columbia Capital’
Wednesday, April 20th, 2011
 CHANTILLY, VA – Digital Signal Corp., which sells three dimensional long-range facial recognition solutions to government and commercial clients, has raised a $15 million Series C financing led by new investors City Light Capital and SilverHaze Partners. Previous investors Novak Biddle Venture Partners and Paladin Capital Group participated.
Digital Signal’s 3D facial recognition technology precisely identifies and monitors moving non cooperative subjects at long range. Primarily used to detect criminal and or terrorist activity, the solutions can also be used to identify important customers, friendly soldiers, or frequent travelers.
The company says the capital raised enables DSC to increase infrastructure, including manufacturing, to meet market demands.
“DSC’s three dimensional biometric system provides a revolutionary tool across several industries, thus helping to protect our rapidly evolving and inter-connecting society. Given our focus on investing in breakthrough products and services that contribute to safe neighborhoods, workplaces, and networks, we see tremendous value in DSC’s offering,” said Tom Groos, City Light Capital partner and Digital Signal board member.
“In an increasingly uncertain world, leaders in the security industry are constantly seeking the most effective, state-of-the-art systems to support their objectives, whether it be clearly identifying known terrorists at an airport or tracking down a repeat shoplifter or member of an organized crime family,” said David Guttadauro , CEO, Digital Signal.
Jim Fleming, Columbia Capital; Tom Groos, City Light Capital; and Zeid Masri, SilverHaze Partners; and President and CEO Guttadauro have joined the company’s board.
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Tags: 3D facial recognition, City Light Capital, Columbia Capital, David Guttadauro, detecting terrorist or criminal activity, Digital Signal, facial recognition tech, Im Fleming, Security, SivlerHaze Partners, Tom Groos, Zeid Masri
Posted in Government/Defense, IT, Potomac, Security, Virginia | Comments Off
Wednesday, April 13th, 2011
ROCKVILLE, MD – Hilcrest Laboratories, which sells motion control interactive TV applications, has raised $5.54 million, according to a regulatory filing.
The company raised a $25 million D round led by AllicanceBernstein with previous investors New Enterprise Associates, Columbia Capital, and Grotech Captal participating in 2008.
Peter Barris, director of NEA, Frank Adams, director of Grotech, and R. Philip Herget, of Columbia Capital, are all listed as principals in the filing with the U.S. Securities and Exchange Commission disclosing the current raise.
Founded in 2001, the company previously raised a total of $50 million in venture backing, a spokesperson told TechJournal South.
Hillcrest Labs’ patented Freespace motion control technology senses motion in three dimensions and precisely translates human motions into on–screen cursor movement. When embedded in a handheld input device, Freespace allows consumers to simply point and click to navigate content and application choices on televisions, set–top boxes, PCs and a range of other digital media devices. Freespace can also be adapted for use in game controllers.
Hillcrest sells an application creation platform called HoME, which enables consumer electronics
manufacturers and service providers to create unique interactive digital media products for TV and other digital media devices.
Applications made with HoME are controlled by pointing and provide consumers an intuitive way to browse, discover, and interact with large volumes of digital media. It can be used in a wide range of consumer devices including remote controls, PC mice, and game controllers.
The first hardware implementation of Hillcrest’s Freespace motion control technology was The Loop pointer. The Loop pointer is the in-air mouse that moves your cursor with natural hand motion.
Its patented technologies have been adopted by industry leaders such as LG Electronics, Logitech, Broadcom, SMK and Universal Electronics.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: Columbia Capital, financing, Frank Adams, Grotech, Hillcrest Labs, MD, motion control interactive TV technology, NEA, Peter Barris, R. Philip Herget, Rockville, The Loop, venture capital
Posted in Hardware, Internet/New Media, IT, Maryland, Money, Potomac | Comments Off
Thursday, January 6th, 2011
 BALTIMORE, MD – The mobile space is hotter than a cell phone after an hour long call. After tripling revenues in 2010, Millennial Media Inc., which focuses on mobile advertising, has raised an additional $27.5 million in growth equity funding, with Bessemer Venture Partners, Columbia Capital, Charles River Ventures (CRV), and New Enterprise Associates (NEA) participating.
This new investment brings the company’s equity funding to more than $65 million and will be used to fund an acceleration of the company’s 2011 global growth plan.
The company says it plans to use the growth investment in part to build on its successful 2010 acquisition of TapMetrics, a mobile analytics company, with additional acquisitions in 2011. Additional investments will be made in the company’s international and platform lines of business.
“Millennial Media continues to be one of our best-performing portfolio companies, and has achieved profitable results. The company has exceeded its revenue and EBITDA projections for ten consecutive quarters,” said Patrick Kerins, General Partner, NEA. “As part of our growth equity strategy, we target companies like Millennial Media, as it has the seasoned management team, operational excellence and long-term vision to dominate the mobile advertising market.”
The company’s U.S. mobile ad network business reaches more than 85% of U.S. mobile web users, serves more than 17B mobile ad impressions each month, and counts 18 of the top 25 Ad Age advertisers among its clients. Millennial Media’s global operations reach mobile consumers in more than 250 countries. Additionally, the company’s technology platform powers mobile advertising programs operated by its partners, including leading media companies, OEMs, and mobile application developers.
Millennial Media is headquartered in Baltimore, Maryland, has offices in New York, London, and San Francisco; with sales offices in Detroit, Los Angeles, Chicago, Dallas, and Atlanta.
Tags: Baltimore, Bessemer Venture Partners, Charles River Ventures, Columbia Capital, financing, MD, Millennial Media, New Enterprise Associates
Posted in Internet/New Media, Marketing, Maryland, Money, Potomac | Comments Off
Friday, July 16th, 2010
 BETHESDA, MD – Intelliworks Inc., which sells relationship management software for higher education, has raised $1.7 million in yet another funding of an education-tech company, according to a regulatory filing. The Series E investment brings total venture backing for Intelliworks to $22.3 million.
Directors and investors cited as principals in the filing with the U.S. Securities and Exchange Commission include Mark Frantz, Chevy Chase, MD-based Red Shift Ventures; Arun Gupta, Alexandria, VA-based Columbia Capital; and Roger Novak, Bethesda-based Novak Biddle Venture Partners.
We reported Intelliworks $2.25 million D round in April 2009. Columbia Capital and Novak Biddle supplied the equity while Toronto-based MMV Financial contributed a $1.5 million venture loan.
It raised a $4 million C round in April 2008.
We have noticed an increasing number of venture financing deals for companies in the education technology field. Are slashed federal, state and local budgets leading to the educational establishment recognizing a need for the efficiencies that technology brings? Most firms selling to the education market are using SaaS models, as Intelliworks does, so installing their software generally does not require large capital outlays.
Intelliworks enables enrollment, admissions and marketing professionals to make purposeful connections with students through its web-based CRM, program admissions and marketing automation solutions built specifically for higher education.
Hundreds of organizations, ranging from large colleges and universities to programs and departments within individual institutions, use Intelliworks’ software-as-a-Service platform to recruit students, market their programs, grow enrollment and drive tuition-based revenue.
Diane Raymond, Director of Admissions at New England College, which has seen an 8 percent increase in enrollment using Intelliworks, said in a statement at the time of the company’s C round said that “The Intelliworks solution allowed us to improve the efficiency of our admissions department by automating tasks such as outbound marketing, event registration and contact management.” –By Allan Maurer
Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: Bethesda, Columbia Capital, finanancing, higher education software, Intelliworks, IT, Maryland, MMV Financial, Novak Biddle, Red Shift Ventures
Posted in Education, Internet/New Media, IT, Maryland, Money, Potomac | Comments Off
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