Comet Solutions Receives $2M in Final Series A Financing http://www.ituventures.net/releases/apr2007-c... Comet Solutions, Inc., a leading provider of software that enables early simulation to drive innovative product development, has announced that it has raised an additional $2 million in the final tranche of its Series A funding. Dan Meyer, president of Comet Solutions, stated , "We obtained this additional financing from our existing investors as a result of the company's performance last year in achieving goals related to product delivery and customer acceptance." Chad Brownstein, Managing Partner at ITU Ventures observed, "the Comet team has developed a leading PLM solution and we are very enthusiastic about their current prospects."
ITU Ventures Portfolio Company Holochip Comes Out of Stealth Mode http://www.ituventures.net/releases/may2007-h... ITU Ventures announced today that one of their Portfolio Companies, Holochip, has unveiled a beta product at the CLEO 07 show. Holochip has been developing adaptive polymer lenses to meet demanding technical requirements - enabling engineers, scientists and consumers with innovative solutions for utilizing and manipulating light. The CLEO, Conference on Lasers and Electro-Optics, is the preeminent event for those in the laser and electro-optics community, and the perfect backdrop for Holochip's new product launch.
Weyerhaeuser Acquires OrganicID, an ITU Ventures Portfolio Company http://www.ituventures.net/releases/oct2006-o... ITU Ventures announced today that its portfolio company, OrganicID, has been acquired by Weyerhaeuser Company (NYSE: WY) one of the world's largest integrated forest products companies. This news was previously released by Weyerhaeuser Company on August 30, 2006.
ITU Ventures' First Investment, OnWafer Technologies, is Acquired http://www.ituventures.net/releases/feb2007-o... OnWafer Technologies was founded in May of 2000 to pursue a vision that had grown from public domain research, initially conducted at the University of California, Berkley. The UC System (Berkley) stands to benefit from this acquisition through a significant licensing arrangement.
ITU Ventures Leads $3.5 Million Financing for Chip Estimate Corporation http://www.ituventures.net/releases/oct2006-c... ITU Ventures announced today that it has led a $3.5 million financing for Chip Estimate Corporation, the leading provider of architectural-level chip planning solutions. This news was previously released by Chip Estimate Corporation. This is a follow on round of funding for the company, which has raised $5.5 million since its inception in 2003. The proceeds will be used to fund working capital growth and accelerate the product roadmap for establishing tight and meaningful integration of architectural plans with industry-leading EDA implementation systems.
