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Where the money is: Silicon Valley

A sampling of network companies that received venture funding during Q3 1997

Investee Company		Investors		Amount Raised	Type of Financing	Nature of Business
AdiCom Wireless Inc. Hayward, CA		Alpine Technology Ventures, Equity Ventures, IAI Ventures Inc., New Enterprise Associates, Vanguard Venture Partners, Walden Capital Partners LP, Walden Group of Venture Capital Funds, Weiss Peck & Greer Venture Partners		$9,000,000	Third	Wireless data/voice communications products.
Alacritech San Jose, CA		Benchmark Capital, Institutional Venture Partners		$3,200,000	First	Networking products; developing computer components (hardware & software) to move data from network to disk drive.
Academic Systems Corporation Mountain View, CA		Accel Partners, Hambrecht & Quist Venture Capital, Kleiner Perkins Caufield & Byers, Microsoft Corporation, Vulcan Ventures		$15,000,000	Not Categorized	Internet/Multimedia educational software for community colleges and universities.
Affinicast Corporation San Francisco, CA		US Venture Partners		$900,000	Second	Relationship marketing software for the web.
Allayer Technologies Corp. San Jose, CA		VenGlobal Capital Partners, and others		$1,500,000	Initial/Seed	Mix signal ASIC for network switch and fiber optics.
AlphaBlox Corporation Mountain View, CA		Accel Partners, Integral Capital Partners, Mohr Davidow Ventures, Polaris Venture Partners		$7,000,000	Third	Componentbased tools and application software for Intranet.
Amplitude Software Corp. San Francisco, CA		Menlo Ventures		$1,000,000	Second	Scheduling a suite of applications for the world wide web. (First product is resource scheduling tool; second product is an event publishing system)
Assured Access (Assured Access Technology Inc.) Milpitas, CA		Mayfield Fund, Sequoia Capital, and others		$13,000,000	Second	Internet access equipment.
Baby Center Inc. San Francisco, CA		Broderbond Software, Crystal Internet Venture Fund LP, IDG Ventures		$3,000,000	First	New media publishing with focus on pregnancy & early parenting; internet & print media.
Berkeley Networks Inc. San Jose, CA		Advanced Technology Ventures, Information Technology Ventures LP, Intel, New Enterprise Associates, Vantage Point Partners		$8,825,000	Second	Switching products for the enterprise backbones.
Beyond Software San Jose, CA		Aspen Ventures		$375,000	Bridge/Mezzanine	Mainframe connecting to the World Wide Web.
Bluedot Software Palo Alto, CA		Altos Ventures		$900,000	First	Internetbased tradeshow software.
Broadquest Inc. San Jose, CA		Sevin Rosen Funds		$2,500,000	First	Internet based product for customer interaction for the purpose of accessing desparae and distributed content sources.
Brocade Communications Systems Inc. San Jose, CA		Norwest Venture Capital, Weiss Peck & Greer Venture Partners		$16,200,000	Third	Gigabit switching fiber channel products.
Career Central Palo Alto, CA		IDG Ventures		$3,000,000	First	MBA recruiting and job placement via the Internet
Clarity Software Mountain View, CA		Aspen Ventures		$600,000	Second	Produce software products that allow for faxing over the internet Magic Fax.
Cobalt Microserver Inc. Mountain View, CA		Chase Capital Partners, Technology Funding Venture Partners, Vanguard Venture Partners		$2,500,000	First	Network server appliances.
Coactive Aesthetics Silicon Valley, CA		Chase Capital Partners		$750,000	Not Categorized	Microservers company for the Internet/Intranet.
Com21 Inc. Milpitas, CA		3COM, Adler & Co., Charter Venture Capital, Crosspoint Venture Partners, JAFCO America Ventures Inc., Kleiner Perkins Caufield & Byers, New Enterprise Associates, Rho Management, Van Wagoner		$23,100,000	Not Categorized	Telephony and switched data services over coaxial cable networks.
Conduct Ltd. Santa Clara, CA		Telos Venture Partners		$600,000	Bridge/Mezzanine	Software company: network and system management applications.
Covad Communications Santa Clara, CA		Crosspoint Venture Partners, Intel, Warburg Pincus Ventures Inc.		$8,500,000	First	Competitive local exchange carrier.
Diva Communications Inc. Oakland, CA		Alta Partners/Burr Egan Deleage & Co., Alta V, Brentwood Venture Capital, Charter Venture Capital, Crosspoint Venture Partners, Norwest Venture Capital		$11,462,000	Fourth & Beyond	Integrated digital wireless subscriber loop products.
Ellipsys Technologies Soquel, CA		Aspen Ventures, Equity Ventures, Vanguard Venture Partners		$1,200,000	Bridge/Mezzanine	Telecommunications management systems. The product monitors and tests networking behavior.
Eloquent Software Inc. San Mateo, CA		Foundation Capital, Menlo Ventures, Onset Ventures		$7,500,000	Third	Client server video publishing software.
Ensemble Solutions Santa Clara, CA		Advanced Technology Ventures, Applied Technology		$1,000,000	FollowOn	Software for real time interaction and transactions including electronic commerce via networks and Intranets
Enterpriselink Technologies Corp. Campbell, CA		Woodside Fund, and others		$2,900,000	Second	Internet software for reuse and reengineering of mainframe applications.
Fabrik Communications Inc. San Francisco, CA		Accel Partners, Crosspoint Venture Partners, HarbourVest Partners LLC, Vanguard Venture Partners		$3,000,000	FollowOn	Internet electronic mail business seamless conversion to co. who start to use.
Finjan Software Ltd. Santa Clara, CA		Apex Investment Partners, Bessemer Venture Partners, CSK Ventures, Comdisco Venture Group, The Productivity Fund I & II		$9,850,000	Second	Multilayer security solutions for Internet/Intranet downloadables such as Java and ActiveX.
First Virtual Corporation Santa Clara, CA		AT&T Ventures, Accel Partners, Brad Peery Capital Ventures LP		$1,760,000	FollowOn	Desktop multimedia networking.
Foundry Networks Inc. Sunnyvale, CA		Accel Partners, Institutional Venture Partners		$9,000,000	Second	High performance Ethernet switching and routing systems for workgroup and enterprise LANs. (Hardware & software)
Greet Street (The Virtual Mall) San Francisco, CA		Altos Ventures, New World Equities		$900,000	Bridge/Mezzanine	Greeting cards through Internetphysical & digital multimedia email, thematic communication for the wired worldsmall level greeting cards, market product, electronic post cards for AOL.
GWCom Inc. Santa Clara, CA		Alpine Technology Ventures, Institutional Venture Partners		$7,400,000	Third	Wireless paging products.
Hybrid Networks Inc. Cupertino, CA		AT&T Ventures, Accel Partners, Sequoia Capital, Shea & Co., Tudor Investments		$6,900,000	Bridge/Mezzanine	Cable modems and networking hub equipment for use in cable TV and wireless cable markets.
Internet Access Financial Corp. San Francisco, CA		Brentwood Venture Capital		$3,500,000	Second	Development of Internet financial services.
Intraspect Systems Los Altos, CA		AVI Capital, Camelot Capital, Defta Partners, RWI Group, Sippl Macdonald Ventures, Telos Venture Partners		$6,100,000	Second	Groupware knowledge management solutions for Internet/Intranet.
iReady Corporation San Jose, CA		B. J. Cessin & others, Donald L. Lucas, Sand Hill Venture Group, Telos Venture Partners		$1,500,000	Bridge/Mezzanine	Intellectual property company: Hardware implementation of software functions for internet appliances.
Juniper Networks Inc. Mountain View, CA		3COM, AT&T Ventures, Crosspoint Venture Partners, Newbridge		$50,000,000	Second	High end routers for internet service providers.
Kana Communications Inc. Palo Alto, CA		Benchmark Capital, Draper Fisher Jurvetson, Draper Richards LP, and others		$4,000,000	Second	Email based customer service software for the enterprise via Internet.
Marimba Inc. Palo Alto, CA		Kleiner Perkins Caufield & Byers		$14,500,000	Second	Internet software tools utilizing JAVA.
Micromuse Inc. San Francisco, CA		Citicorp Investments Inc., Comdisco Venture Group, Sierra Ventures, Victory Ventures		$16,000,000	Third	Network management software.
Mpath Interactive Mountain View, CA		Accel Partners, Institutional Venture Partners, Sutter Hill Ventures, Technology Crossover Ventures		$16,800,000	FollowOn	Interactive multimedia software to enable fast action multiple gaming on Internet.
Multitude San Mateo, CA		Chase Capital Partners		$250,000	Not Categorized	Unique team based entertainment software to allow cooperative play via the Internet using breakthrough voice technology.
Multipoint Networks Inc.. Belmont, CA		Advent International Corp., Alta Partners/Burr Egan Deleage & Co., Draper Fisher Jurvetson, HMS Group		$1,500,000	Bridge/Mezzanine	Radio area networks providing point to point and point to multipoint digital transmission of fractional T1 data rates.
Neta Inc. Fremont, CA		Draper International India LP		$500,000	Initial/Seed	Internet services.
NetBuy Corporation Sunnyvale, CA		Adler & Co., Sprout Group, and others		$3,165,000	Second	Internetbased electronic components distributor.
Netcentives Inc. San Mateo, CA		Draper Fisher Jurvetson, Draper Richards LP, Information Technology Ventures LP, International Technology Ventures Inc., Mayfield Fund, New Enterprise Associates, Wasatch Venture Corp.		$10,081,000	Third	Internet promotion solutions.
NetChannel Inc. S. San Francisco, CA		AVI Capital, Technology Funding Venture Partners, Technology Partners		$2,500,000	Bridge/Mezzanine	Internet content provider to television setup boxes specializing in custom content delivery.
Netmind Mountain View, CA		Chase Capital Partners		$500,000	Not Categorized	Provides messaging software for the internet.
NeTpower Inc. Sunnyvale, CA		Asset Management Company, Institutional Venture Partners, Morgenthaler Ventures, New Enterprise Associates, Weston Presidio Offshore Capital		$22,000,000	FollowOn	Specialized computers for Windows NT workstations and servers specializing in visual computing applications.
NetBoost Corporation Palo Alto, CA		Bay Partners, Crosspoint Venture Partners, Hambrecht & Quist Venture Capital, TI Ventures LP		$4,600,000	Initial/Seed	Hardware platform for embedded network applications.
Netschools Corporation Santa Clara, CA		Hambrecht & Quist Venture Capital, NoroMoseley Partners		$8,500,000	Second	Developer and vendor of rugged networked laptops and accompanying infrared network technology to the K12 school market.
Pacific Monolithics Inc. Sunnyvale, CA		Accel Partners, Institutional Venture Partners, Oak Investment Partners		$750,000	Bridge/Mezzanine	Wireless communications microwave components and subsystems.
Packeteer Inc. Campbell, CA		Enterprise Partners, Onset Ventures, Sterling Payot Capital LP		$433,000	Third	Internet traffic management products that allow providers to shape end user experience by proactive managing bandwith.
Permia Inc. Mountain View, CA		Novus Ventures		$325,000	Second	Internet file/object management.
Pictra Inc Los Altos, CA		Mayfield Fund, and others		$7,500,000	Second	Image database systems for the web.
Plencery Software Palo Alto, CA		Charter Venture Capital		$250,000	Initial/Seed	Vertical groupware.
Plumtree Software San Francisco, CA		Sequoia Capital		$2,000,000	First	Distribution information management system enterprise software that uses network as a database for storing heterogeneous data.
Pluris Inc. Palo Alto, CA		Communications Ventures, Weiss Peck & Greer Venture Partners, and others		$3,235,000	Initial/Seed	Internet backbone routers.
Post Communications San Francisco, CA		Mohr Davidow Ventures, and others		$3,500,000	First	Internet managing applications.
Ramp Networks Inc.(formerly: Trancell Systems) Santa Clara, CA		CPQ Holding, Charter Venture Capital		$3,250,000	Followon	Fast internet access devices for small businesses.
Red Creek Communications Inc. Newark, CA		IAI Ventures Inc., RedLeaf Venture Management, Tredegar Investments Inc., Vanguard Venture Partners		$8,500,000	Second	Develops network security solutions enabling use of Internet & other public networks.
Release Software Menlo Park, CA		Draper Fisher Jurvetson, Graystone Ventures, Sevin Rosen Funds		$5,500,000	Third	Technology and services for electronic software distribution including via Internet.
Sagent Technology Inc. Palo Alto, CA		Crosspoint Venture Partners, El Dorado Ventures, Greylock, US Venture Partners		$5,000,000	Fourth & Beyond	Client server software system providing data access from data warehouses.
Selectica Inc. Santa Clara, CA		Draper Fisher Jurvetson, Draper International India LP		$3,000,000	Second	100% Javabased configurations for enterprise applications in the areas of sales force automation, electronic commerce and build to order systems. (internet and Intranet)
Teleworld Inc. Santa Clara, CA		New Enterprise Associates		$1,170,000	Initial/Seed	Selfmanaged home network powered by a home server, managing all home media.
Terayon Communications Systems Santa Clara, CA		Sequoia Capital, Sierra Ventures, Sumitomo Corp., Walden Group of Venture Capital Funds, Weiss Peck & Greer Venture Partners		$12,300,000	FollowOn	Robust cable modem systems to enable high speed, twoway data services over hybrid fibercoax cable network.
TestDrive Corporation Mountain View, CA		US Venture Partners, and others		$1,000,000	Bridge/Mezzanine	Technology for distributing software electronically and via the internet.
Third Age Media Inc. San Francisco, CA		Advance Publications Inc., GE Investments, Phoenix Partners, Softbank Technology Ventures, US West		$9,500,000	Third	Leading Internet service provider for adults 50 and over.
Tumbleweed Software Redwood City, CA		Adobe Venture LP, August Capital Management, Bessemer Venture Partners, Draper Fisher Jurvetson, Hambrecht & Quist Venture Capital, Innovacom II, Sofinnova Inc.		$8,075,000	Second	Internet document delivery application.
Verano Mountain View, CA		Chase Capital Partners		$750,000	Not Categorized	Provides content management software for the internet.
Verticom Inc. Santa Rosa, CA		Alce Partners, Bachow Investment Partners III (BIP3), Charter Venture Capital, New Enterprise Associates, Spectra Enterprise Associates, Trailhead Ventures		$12,500,000	Third	Commercial radio subsystems for wireless communications.
Vina Technologies Freemont, CA		Deutsche Morgan Grenfell, Sequoia Capital, Victory Ventures		$7,500,000	Second	Telecommunications access device that integrates voice and Internet traffic over a single T1 line.
Wayfarer Communications Inc. Mountain View, CA		Bank America Robertson Stephens, Bay Partners, Hummer Winblad Venture Partners, Korea Technology Banking Corp., Sequoia Capital, Sumitomo Corp.		$5,000,000	Third	Webcasting software for the corporate market.
Webchat Inc. Menlo Park, CA		Norwest Venture Capital		$250,000	Initial/Seed	Operates a chat and event site on world wide web.
Whistle Communications Inc. Foster City, CA		Deutsche Morgan Grenfell, Institutional Venture Partners, Mayfield Fund, Merrill Lynch Venture Partners L.P., Nippon Investment Funds, Oriental CHemical Industries		$20,500,000	Third	Plug and play Internet server for small business at price convenience of laser printer.
Wireless Online Inc. Los Altos, CA		August Capital Management, Mayfield Fund, RedLeaf Venture Management		$5,000,000	Second	Wireless interactive data and voice services.
Yago Systems Sunnyvale, CA		Cabletron, Sequoia Capital		$4,900,000	First	Wirespeed layer for switching routers for networking
Zanza Software Redwood City, CA		Adler & Co., Asia Pacific, Canaan Partners, Dassault Developpement		$4,000,000	First	Webbased enterprise reporting software.

Source: Price Waterhouse, Bethesda, Md.