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Anadigm® Secures $15M In Third Funding Round Led by Atlas Venture Investment to Fund Business Growth and Further Programmable Analog IC Developments

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(PRWEB) October 4, 2003

CAMPBELL, CA (PRWEB) October 2, 2003 — Anadigm®, the programmable analog company, today announced the closing of a new round of financing worth $ 15 million.

This C round of funding, led by Atlas Venture with ongoing investment from 3i, Quester and NIF Ventures, points to Anadigm®’s success in winning market acceptance for its field programmable analog array (FPAA) integrated circuits, which offer an analog equivalent to the digital field programmable gate array (FPGA).

Anadigm® was founded in January 2000 as a spin-off from Motorola. More than 140 customers are designing Anadigm® FPAA technology into their products to provide complex filtering, signal conditioning, and closed loop control functions in consumer audio, industrial, and communications systems.

The company’s product offering combines programmable silicon with easy-to-use software tools that drastically reduce the time needed to design, verify, and bring to market embedded systems with analog interfaces. Anadigm®’s FPAAs are moreover the industry’s first such chips that can adapt on the fly to perform multiple functions, adjust to different environmental and electrical conditions, or compensate for equipment aging.

“Anadigm® offers one of the few analog technologies that is both innovative and disruptive,” said Gerry Montanus, Senior Principal at Atlas Venture. “The recent launch of the company’s Anadigmvortex product line has brought the company industry-wide attention, and demonstrates the market’s readiness for a technology that will reduce the cost of analog circuit design, manufacturing, and innovation. Real-world interfaces are essential to a very wide range of electronic systems, and we are delighted to be part of Anadigm®’s ambitious project of revolutionizing the way they are conceptualized and implemented.”

The funding will be used to continue to expand Anadigm®’s business in all geographical markets and support ongoing product development activities. The investment will also support additional enhancements to the software used to program the company’s Anadigmvortex FPAAs, which remove the complexity from analog design and reduce the time for analog implementations from months to minutes.

“We are excited to be moving forward with the support of these leading venture capital firms. 3i and Quester have been very supportive of the business and were instrumental in bringing in Atlas Venture,” said Bill McLean, Anadigm® President and CEO. “Our FPAA solutions continue to gain traction in the marketplace and customer engagements are validating our technology’s value-add. The investment will allow us to implement the next stage of our product strategy and to further penetrate our target markets.”

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About Atlas Venture

Atlas Venture is the leading international early-stage venture capital firm, investing in communications, information technology and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich and Paris, and its investments are evenly divided between the United States and Europe. Founded in 1980, Atlas Venture has organized six international funds, and currently manages more than $ 2.1 billion in committed capital. The Atlas Venture investment team is comprised of seasoned operating executives and career venture capitalists that have been deeply involved in the formation and development of more than 300 companies worldwide. Visit Atlas Venture on the Web at http://www.atlasventure.com.

About 3i

3i brings capital, knowledge and connections to the creation and development of businesses around the world. It invests in a wide range of opportunities from start-ups to buy-outs and buy-ins, focusing on businesses with high growth potential and strong management. 3i invests in businesses across three continents through local investment teams in Europe, Asia Pacific and the USA. To date, 3i has invested over £15 billion (including co-investment funds). In the 12 months to 31st March 2003 an average of £3.7 million (including co-investment funds) was invested each working day. 3i’s current portfolio is valued at almost £4 billion. http://www.3i.com

About Quester

Quester is one of the UK’s leading independent venture capital groups specialising in the provision of finance and management support for growth companies at all stages of their life. Quester’s focus is on early stage investments in information and communication technology, healthcare and life science companies. With its first rate track record, Quester has earned a reputation as one of the best UK based sources of venture capital. The Quester investment team manages approximately £300 million on behalf of major institutional investors, leading UK universities, and five quoted venture capital trusts. http://www.quester.co.uk.

About NIF

NIF Ventures Co Ltd manages approximately $ 1.5 billion in venture capital funds, and has invested in over 1,400 companies since its establishment in 1982. With offices in Japan, Taiwan, Singapore, and the United States, NIF offers worldwide representation. Its primary investment focus is in the information and communications technology industries. http://www.nif.co.jp

About Anadigm®

Anadigm® brings platform-based design to the analog world with pre-qualified software and hardware components that allow complex analog circuits to be implemented in an analog equivalent to the FPGA. Designed to implement signal conditioning, filtering, data acquisition, closed-loop control, and other analog functions in a wide range of embedded systems, Anadigm® FPAAs are first programmable analog ICs that can adapt on the fly to perform multiple functions, adjust to different environmental conditions, or compensate for equipment aging. Founded in January 2000 as a venture-backed technology spin-off from Motorola, Anadigm® maintains U.S. headquarters in Campbell, Calif., and European headquarters in Crewe, U.K. For further information, visit Anadigm® on the Web at http://www.anadigm.com.

Anadigm® and AnadigmDesigner® are registered trademarks of Anadigm®. All other trademarks appearing herein are the property of their respective owners.

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Governor OMalley Swears in Members of Maryland Venture Fund Authority at Inaugural Meeting

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Baltimore, MD (PRWEB) August 31, 2011

Governor Martin OMalley today presided over the official swearing-in of the Maryland Venture Fund Authority (MVFA) members. The nine-member Authority was established to provide advice to and consult with the Maryland Department of Business and Economic Development in connection with the administration of the InvestMaryland Program. The Authority oversees the development of the Programs bidding mechanism that raises investment capital for seed and early-stage companies and selects the private venture capital firms who receive InvestMaryland funding and make investments through the Program, ensuring that all statutory requirements are met.

The Maryland Venture Fund Authority will play a key role in carrying out our comprehensive, long-term strategy for job creation, investment and venture capital growth in Maryland, said Governor OMalley. In these challenging economic times, InvestMaryland will help us continue to provide Maryland businesses with access to capital and support early stage investment companies. Together, we can create jobs and expand opportunity for economic development.

The MVFA is comprised of a diverse group of private sector executives and entrepreneurs, investors, small business owners and educators with experience in IT, bioscience, cyber, manufacturing, financial, advanced technology, education, agricultural, transportation, and non-profit sectors. This seasoned group will guide the States efforts to attract and grow small and early stage investment entrepreneurs and companies throughout Maryland. Earlier this year, aspiring and seasoned entrepreneurs, companies, stakeholders, legislators and government officials helped craft policy, participated in InvestMaryland day which showcased support, entrepreneurs and venture capitalist successes and culminated in the passage of InvestMaryland legislation in May.

Authority members serve staggered three-year terms. Chairing the Authority will be Peter Greenleaf, President, MedImmune. Since joining MedImmune in 2006 as Senior Vice President, Commercial Operations, Greenleaf has overseen the development of the companys global marketing and portfolio organizations, as well as managing the broader commercial corporate development and strategy functions.

Maryland has an impressive legacy of creating an environment that cultivates and advances innovative thinking across many business sectors, among them the local biosciences community of which MedImmune is privileged to be a part, said Peter Greenleaf, president of Gaithersburg-based MedImmune, the global biologics business of AstraZeneca. I am honored and inspired to serve as chair of the Maryland Venture Fund Authority, which marries investment to visionary ideas that can become reality and, eventually, strong economic drivers for the State.

During their inaugural meeting, the Authority deliberated and established guidelines for both the requirements and process for an entrepreneur or venture capital company to seek funds under the States $ 70 Million initiative to spur early seed investment for businesses in Maryland.

Governors Maryland Venture Fund Authority Members *(Bios noted below)

30+ Top Venture Capital Firms Scheduled to Meet with Emerging Companies in NYC on February 3, 2011

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New York, NY (PRWEB) January 12, 2011

On February 3, 2011, 30+ of the leading Venture Capital and Angel Investor Groups in the New York area will present at FundingPosts (http://www.FundingPost.com) NYC Venture Capital Showcase sponsored by Credit Suisse. While most venture events allow start-ups only to listen to a panel discussion or to pitch to investors, this event is a “Reverse Venture Fair.” This format allows Entrepreneurs to meet the Venture Capitalists and Angels in an informal cocktail party setting where the investors are the ones providing information about their companies. As an additional benefit, the investors will receive summaries of every company in attendance. Registration information is online at: http://www.fundingpost.com/breakfast/reg1.asp?event=179&refer=PR

During the evening cocktail party, VC Funds and Angel Groups will be exhibiting their firms. Each Fund will have their own table set up for the sole purpose of meeting great new companies seeking capital. Exhibiting firms include:

ARC Angel Fund, i-Hatch Ventures, Security Growth Partners, Trident Capital, Jumpstart NJ Angel Network, Launch Capital, ff Asset Management, NYC Seed, Tri-State Private, Investors Network, Genacast Ventures, Osage Partners, Golden Seeds, Greenhill SAVP, Originate Ventures, Vital Financial, Connecticut Innovations, Long Island Angel Network, Angel Investor Forum, Clove Hitch Partners, Kestrel Asset Management, NYC Investment Fund, StarVest Partners, Innovation Ventures, Metamorphic Ventures, Liquidity Works, Vencon Management, Zelkova Ventures, Radius Ventures, Edison Venture Fund

“We are thrilled to see such an amazing response from the Venture Community,” said Joe Rubin, Director, FundingPost. “Due to the Huge demand from last year, we’ve made some great updates and are looking forward to the best Venture Showcase yet.”

Register here for more details: http://www.fundingpost.com/breakfast/reg1.asp?event=179&refer=PR

ABOUT FUNDINGPOST:

With over 9,500 CEOs and 650 Venture Capital Funds attending events in 20 cities nationwide; a Printed Dealflow Magazine; and a deal-exchange website with over 7,700 VC & Angel Investor members & over 133,000 companies, that has, on average, made an introduction of an Investor to an Entrepreneur every business day since its inception; FundingPost believes that it is important to reach investors in every medium possible – both online and offline. FundingPost has been responsible for Millions and Millions of dollars in Venture Capital Raised!

FundingPost has had the opportunity to work with thousands of Angel and Venture Capital Investors over the past 10 years representing over $ 106.8 Billion.

Contact:

Heather Coull

FundingPost.com

800-461-5509

press(at)fundingpost(dot)com

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