Escolar Documentos
Profissional Documentos
Cultura Documentos
1 Telsima Corp.
328 Gibraltar Drive, Sunnyvale CA 94089
(408) 212-8500 www.telsima.com
$50
April
Provides WiMax-based broadband wireless
access for media applications
NewPath Ventures, New Enterprise Associates Alok Sharma
CEO
2004
6 TicketsNow Inc.
620 N. Route 31, Crystal Lake IL 60012
(815) 444-9800 www.ticketsnow.com
$34
March
A marketplace for premium event tickets Adams Street Partners, DFJ Portage Venture Partners, New World
Ventures
Sridhar Murthy
COO, CFO
1999
7 Spectrum Pharmaceuticals
157 Technology Drive, Irvine CA 92618
(949) 788-6700 www.spectrumpharma.com
$30
May
A biopharmaceutical company specializing in
oncology drugd
Perceptive Advisors, Federated Kaufmann Funds, SDS Capital
Group
Rajesh Shrotiya
CEO, Founder
1987
11 Cybernet-SlashSupport
3031 Tisch Way, Suite 102, San Jose CA 95128
(408) 615-5700 www.csscorp.com
$25
May
Provides infrastructure management and
technology solutions
Goldman Sachs Shiva Ramani
CEO, co-founder
1996
13 3 Leaf Systems
3255-1 Scott Blvd., Suite 200, Santa Clara CA 95054
(408) 572-5900 www.3leafnetworks.com
$20
April
Provides server virtualization solutions Intel Capital, Storm Ventures, Alloy Ventures Sash Sunkara
Founder, chief business officer
2004
16 NovaVision Inc.
3651 FAU Blvd., Suite 300, Boca Raton FL 34331
(561) 558-2000 www.novavision.com
$20
March
Provides therapies to rehabilitate vision in
patients who have suffered traumatic brain
injuries
Chicago Growth Partners, Johnson & Johnson Development Corp.,
Oakwood Medical Investors
Navroze Mehta
President, CEO
2000
17 ProteoGenix Inc.
20,000 NW Walker Rd., Beaverton OR 97006
(503) 748-4080 www.proteogenix.com
$20
March
Provides clinical genomic and proteomic
technologies associated with diagnostic tests
applied during a woman's pregnancy
New Leaf Venture Partners, TPG Growth Srinivasa Nagalla
Co-founder, chief scientific officer
2002
18 Discera Inc.
1961 Concourse Dr., San Jose CA 95131
(408) 432-8600 www.discera.com
$17.5
April
Provides micro communication technologies Scale Venture Partners, Horizon Ventures Vinay Gupta
President
2001
19 Altierre Corp.
170 Rose Orchard Way, San Jose CA 95134
(408) 544-7343 www.altierre.com
$17
June
Provides automated solutions for retailers D.E. Shaw Group Sunit Saxena
CEO, Chairman
2003
24 TriCipher Inc.
750 University Ave., Suite 100, Los Gatos CA 95032
(650) 372-1300 www.tricipher.com
$15
February
Provides businesses with Internet security to
protect against online fraud and theft
RBC Technology Ventures, Arrowpath Venture Partners, Intel
Capital, Trident Capital
Ravi Ganesan
Founder
2000
25 Xactly Corp.
400 Race St., Suite 201, San Jose CA 95126
(408) 977-3132 www.xactlycorp.com
$15
April
Provides sales performance management Alloy Ventures, Bay Partners, Rembrandt Ventures, Outlook
Ventures, Spinner Asset Management
Satish K. Palvai
Co-founder and vice president
2005
Source: IndUS Business Journal Survey and company press releases Compiled by Mark Connors
Only those companies founded or managed by South Asian executives that announced the receipt of venture
capital or angel funding between January 1, 2007 and June 20, 2007 were included in this survey. In case of a tie in
the amount raised, the companies have been ranked alphabetically.
Indus Venture Capital Recipients
(Ranked by funds raised in the first six months of 2007)
26 AirTight Networks
339 N. Bernardo Ave., Suite 200, Mountain View CA 94043
(650) 961-1111 www.airtightnetworks.net
$14.5
June
Provides wireless intrusion prevention and
performance management solutions
CMEA Ventures Kiran Deshpande
President
2002
27 Amedica Corp.
615 Arapeen Drive, Salt Lake City UT 84108
(801) 583-5100 www.amedicacorp.com
$13.2
May
Designs and develops orthapedic devices Individual investors Ashok Khandkar
Founder, CEO
1996
28 GeoPharma Inc.
6950 Bryan Dairy Road, Largo FL 33777
(727) 544-8866 www.geopharmainc.com
$12.5
April
A pharmaceutical company that develops,
manufactures, and markets branded generic
drugs and veterinary products
Rodman & Renshaw Mandeep Taneja
CEO
1985
31 AutoGenomics Inc.
2251 Rutherford Ave., Carlsbad CA
(706) 804-7378 www.autogenomics.com
$12
April
Provides automation and technologies that
simplify the complex processes inherent in
clinical genomic and proteomic analysis
Non-institutional Investors Fareed Kureshy
Founder, chairman, president
1999
33 Convio Inc.
11921 N. Mopac Expwy., Suite 200, Austin TX 78759
(512) 652-2699 www.convio.com
$10.1
May
Provides Internet software for online
fundraising, e-mail marketing, advocacy, and
event fundraising
El Dorado Ventures, Adobe Ventures, Austin Ventures, Comdisco
Ventures, Granite Ventures
Vinay Bhagat
Founder, chairman
1999
34 Ecrio Inc.
20450 Stevens Creek Blvd., Cupertino CA 95014
(408) 366-7900 www.ecrio.com
$10
May
Provides Internet communication solutions
for handheld devices
NTT DoCoMo Nagesh Challa
Founder, director, CEO
1998
35 Evergrid Inc.
46538 Fremont Blvd., Fremont CA 94538
(510) 668-0500 www.evergrid.com
$10
June
Develops and delivers software for
hardware-based infrastructures
Menlo Ventures, Acartha Group LLC B.J. Arun
President, chairman and co-founder
2004
36 Tumri Inc.
1975 W. El Camino Real, Mountain View CA 94040
(650) 265-2260 www.tumri.com
$10
June
Provides online advertising platforms Lehman Brothers Venture Partners, Accel Partners, Shasta
Ventures
Hari Menon
CEO, founder
2004
37 Blaze DFM
1275 Orleans Drive, Sunnyvale CA 94089
(408) 542-8020 www.blaze-dfm.com
$10
March
Develops electrical DFM solutions for
manufacturers and semiconductor
companies
El Dorado Ventures, Mobius Venture Capital, Lightspeed Venture
Partners
Puneet Gupta
Co-founder and product architect
2004
39 BA Systems
6895 Via Del Oro, San Jose CA 95119
(408) 224-7715 www.ba-sys.com
$10
February
Provides network product design for
fast-growing companies
Bessemer Venture Partners P.J. Singh
Founder, CEO
2005
40 iKoa Corp.
149 Commonwealth Dr., Suite 1197, Menlo Park CA 94025
(650) 617-2200 www.ikoa.com
$9.4
June
Provides semiconductor products for mobile
devices
Khosla Ventures, Global Catalyst Partners Prakash Agarwal
President, CEO, co-founder
41 Podbridge Inc.
779 E. Evelyn Ave., Mountain View CA 94041
(408) 918-9085 www.podbridge.com
$8.5
May
Provides video and audio podcasts Sutter Hill Ventures, Mayfield Fund, Worldview Technology
Partners Inc.
Murgesh Navar
CEO
2005
43 Zmanda Inc.
505 N. Mathilda Ave., Sunnyvale CA 94085
(408) 331-2580 www.zmanda.com
$8
May
Provides open source backup and recovery
systems
Helion Venture Partners Chander Kant
Co-founder, chief technical officer
2005
44 Tatara Systems
35 Nagog Park, Acton MA 1720
(978) 206-0800 www.tatarasystems.com
$8
June
Provides mobile convergence products Highland Capital Partners, North Bridge Venture Partners Asa Kalavade
Founder, chief technical officer
2001
45 Memento Inc.
35 Forest Ridge Road, Concord MA 1742
(978) 371-0673 www.memento-inc.com
$7.5
May
Provides risk, fraud, and compliance
solutions
.406 Ventures, Bain Capital Ventures, Rock Maple Ventures B.C. Krishna
Founder, CEO
2002
46 iTKO Inc.
1505 LBJ Freeway, Dallas TX 75234
(877) 289-4856 www.itko.com
$7.5
May
Provides testing for service software Vesbridge Partners, CenterPoint Ventures, Hunt Ventures Shridhar Mittal
CEO
1999
47 Clarabridge Inc.
11400 Commerce Park, Reston VA 20191
(703) 663-2500 www.clarabridge.com
$7.2
February
Provides text-analysis software Intersouth Partners Sid Banerjee
CEO
2005
48 Optinuity Inc.
7101 Wisconsin Ave., Bethesda MD 20815
(202) 292-4920 www.optinuity.com
$6
January
Provides process management software for
companies
Edison Venture Fund, Mid-Atlantic Venture Funds, New Enterprise
Associates, Venrock Associates
Anil Parthasarathy
Co-founder and chief engineer
2004
49 Frengo Corp.
460 Seaport Court, Redwood City CA 94063
(650) 3644456 www.frengo.com
$5.7
May
A mobile social network Trilogy Partnership, Khosla Ventures, Index Ventures Mahi de Silva
CEO, co-founder
2006
Source: IndUS Business Journal Survey and company press releases Compiled by Mark Connors
Only those companies founded or managed by South Asian executives that announced the receipt of venture
capital or angel funding between January 1, 2007 and June 20, 2007 were included in this survey. In case of a tie
in the amount raised, the companies have been ranked alphabetically.
Indus Venture Capital Recipients
(Ranked by funds raised in the first six months of 2007)
Company Name Amount Raised Contact
Address (in Millions) Title
Rank Phone / Web Address Month Announced Description Investors Year Founded
52 DVC Labs
1722 Ringwood Ave., San Jose CA 95131
(408) 437-0800 www.dvclabs.com
$4.8
June
Develops mobile Internet browsers Trinity Ventures, Matrix Partners Nitin Bhandari
Founder, CEO
2006
54 DepotPoint Inc.
1460 140th Place, Suite 100, Bellevue WA 98007
(425) 614-1500 www.depotpoint.com
$4
May
Provides technologies designed to track,
record, and manage property-related data
Trident Capital Prakash Kondepudi
President, CEO
2005
55 Teracent Corp.
400 S. El Camino Real, #575, San Mateo CA 94402
(650) 525-9900 www.teracent.com
$3.8
April
An online advertising network New Enterprise Associates Vikas Jha
CEO
2006
56 Synfora Inc.
2465 Latham St., Suite 300, Mountain View CA 94040
(650) 314-0500 www.synfora.com
$3.5
March
Provides electronic chips for audio, imaging,
and wireless products
Wafra Partners, Xilinx, ATA Ventures Vinod Kathail
Founder, CTO
2003
57 Mobifusion Inc.
39270 Paseo Padra Pkwy, Suite 401, Fremont CA 94538
N/A www.mobifusion.com
$3.1
April
A mobile content provider Emergic Ventures, Ingram Digital Group, Global Asia Partners Alok Sharma
CEO
2005
58 SnapLogic Inc.
1700 S. Amphlett Blvd., Suite 221, Foster City CA 94402
(650) 655-7200 www.snaplogic.org
$2.5
June
Transforms data into services using
standard technologies of the Internet
Dhillon Capital Gaurav Dhillon
Chairman and Co-founder
2005
Source: IndUS Business Journal Survey and company press releases Compiled by Mark Connors Next Month's List: Largest Indus Public Companies
Only those companies founded or managed by South Asian executives that announced the receipt of venture The list will feature the largest public companies operated by South Asian
capital or angel funding between Jan 1, 2007 and June 20, 2007 were included in this survey. In case of a tie in the executives. To be considered for inclusion, contact Mark Connors at (781) 487-0555
amount raised, the companies have been ranked alphabetically. ext. 205 or MConnors@IndusBusinessJournal.com by August 1, 2007.
Indus Venture Capital Recipients
(Ranked by funds raised in 2006)
Company Name Amount Raised Contact
Address (in Millions) Title
Rank Phone / Web Address Month Announced Description Investors Year Founded