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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

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

2 Beceem Communications Inc.


3960 Freedom Circle, Santa Clara CA 95054
(408) 387-5000 www.beceem.com
$41.1
February
Provides semiconductor solutions for the
wireless market
Teachers' Private Capital, NEC Corp. Babu Mandava
President, founder
2003

3 NextWave Pharmaceuticals Inc.


50 Lakeview Pkwy., Suite 134, Vernon Hills IL 60061
(866) 697-9283 www.nextwavepharma.com
$40
February
A pharmaceutical company specializing in
therapies for children
Sofinnova Ventures, Vivo Ventures Mahendra Shah
Chairman, CEO
2004

4 TransOral Pharmaceuticals Inc.


1003 Cutting Ave., Ste. 110, Richmond CA 94805
(510) 215-3500 www.transoral.com
$40
March
A biopharmaceutical company developing
propietary pharmaceutical products
New Enterprise Associates, New Leaf Venture Partners, Hercules
Technology Growth Capital, Interwest Partners, Hamilton
BioVentures, Vivo Ventures, Montreux Equity Partners
Nikhilesh Singh
Founder, chief scientific officer
2003

5 Arete Therapeutics Inc.


3912 Trust Way, Hayward CA 94545
(510) 785-7060 www.aretetherapeutics.com
$35
May
A drug development firm specializing in
hypertension and inflamation drugs
Frazier Healthcare Ventures, Alta Partners Dinesh V. Patel
President, CEO
2003

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

8 Applied Spine Technologies Inc.


300 George St., Suite 511, New Haven CT 06511
(203) 503-0282 www.appliedspine.com
$28
May
Designs treatment systems for chronic lower
back pain
Inventor Growth Capital, MB Venture Partners Manohar Panjabi
Founder
2004

9 Meru Networks Inc.


1309 South Mary Ave., Sunnyvale CA 94087
(408) 215-5300 www.merunetworks.com
$27.6
March
Develops mobile infrastructures for
businesses
D.E. Shaw Group, Lehman Brothers, Clearstone Venture Partners,
NeoCarta Ventures, BlueStream Ventures, Evercore Ventures,
JumpStartup Venture Fund
Vaduvur Bharghavan
Founder, chief technical officer
2002

10 VentiRx Pharmaceuticals Inc.


12481 High Bluff Drive, Suite 200, San Diego CA 92130
(858) 436-8525 www.ventirx.com
$26.6
March
A biopharmaceutical company specializing in
treatments of cancer, infectious, respratory
diseases
Frazier Healthcare Ventures, ARCH Venture Partners Michael Kamdar
Founder, chief business officer
2006

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

12 Mavenir Systems Inc.


1651 North Glenville Dr., Richardson TX 75081
(469) 916-4393 www.mavenir.com
$20.5
May
Provides network providers with multimedia
services across mobile and fixed domains
Alloy Ventures, Austin Ventures, North Bridge Venture Partners Pardeep Kohli
CEO, president
2005

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

14 Aquest Systems Corp.


683 West Maude Ave., Sunnyvale CA 94085
(408) 530-2500 www.aquestsystems.com
$20
March
Provides automation products and services Menlo Ventures, Walden International, Global Catalyst Partners Mihir Parikh
President, CEO
2004

15 Mformation Technologies Inc.


343 Thornall St., Edison NJ 08837
(732) 692-6200 www.mformation.com
$20
May
Provides mobile device management
solutions
QuestMark Partners, Wasatch Cross Creek Capital Rakesh Kushwaha
CTO and Co-founder
1999

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

20 Avail Media Inc.


11911 Freedom Dr., Suite 950, Reston VA 20190
(703) 318-1683 www.availmedia.com
$17
May
Provides infrastructure, services, and
technologies for the profitable deployment of
next-generation video services
Novak Biddle Venture Partners, Columbia Capital Ramu Potarazu
CEO
2007

21 Mimosa Systems Inc.


3200 Coronado Dr., Santa Clara CA 95054
(408) 970-9070 www.mimosasystems.com
$17
April
Develops and delivers data management
solutions
Mayfield Fund, Clearstone Venture Partners, August Capital,
JAFCO Ventures
T.M. Ravi
CEO, founder
2003

22 StrataGent Life Sciences Inc.


16301 Withey Road, Los Gatos CA 95030
N/A www.stratagentlifesciences.com
$16
May
A drug therapy company providing painless,
non-invasive therapies
Essex Woodlands Health Ventures, Quantum Technology Partners Ravi Srinivasan
Co-founder

23 Aylus Networks Inc.


238 Littleton Road, Westford MA 01886
(978) 392-4729 www.aylus.com
$15
June
Provides real-time multimedia sharing
solutions for mobile networks
Matrix Partners, North Bridge Venture Partners Shamin Naqvi
Founder
2005

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)

Company Name Amount Raised Contact


Address (in Millions) Title
Rank Phone / Web Address Month Announced Description Investors Year Founded

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

29 GroundWork Open Source Inc.


139 Townsend St., Suite 100, San Francisco CA 94107
(415) 992-4500 www.groundworkopensource.com
$12.5
February
Provides open source and network software JAFCO Ventures, Mayfield, Canaan Partners, SAP Ranga Rangachari
President, CEO
2004

30 Conformia Software Inc.


150 Mathilda Place, Suite 202, Sunnyvale CA 94086
(408) 625-3800 www.conformia.com
$12.3
May
Provides enterprise software for regulated
industries, like life sciences and chemical
companies
SAP, Jafco Ventures, Foundation Capital, Mentor Capital Group,
Sequoia Capital
Anjali Kataria
Co-founder, CTO
2000

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

32 RingCube Technologies Inc.


3990 Freedom Circle, Suite 200, Santa Clara CA 95054
(650) 265-2609 www.ringcube.com
$12
March
Provides next generation, virtualization
related technologies
Mohr Davidow Ventures, New Enterprise Associates Shan Appajodu
President, CEO, co-founder
2004

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

38 Solidcore Systems Inc.


3408 Hillview Ave., Suite 180, Palo Alto CA 94304
(650) 565-5000 www.solidcore.com
$10
April
Provides change control for critical systems JAFCO Ventures, Matrix Partners, Menlo Ventures, Sevin Rosen
Funds
Rosen Sharma
President, CEO
2002

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

42 Molecular Imprints Inc.


1807 W. Breaker Lane, Austin TX 78758
(512) 339-7760 www.molecularimprints.com
$8.5
April
Develops imprints lithography systems BlueCrest Capital Finance S.V. Sreenivasan
Co-founder, chief technical officer
2001

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

50 Jott Networks Inc.


4303 Fremont Ave. North, Seattle WA 98103
(425) 256-2624 www.jott.com
$5.4
May
Converts voice to text over mobile phones Bain Capital, Draper Richards Shreedhar Madhavapeddi
Co-founder and vice president
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

51 Meraki Networks Inc.


313 W. Evelyn Ave., Mountain View CA 94041
(650) 810-8500 www.meraki.com
$5
January
Provider of the first Internet "mesh" network
designed to increase wireless Internet
access
Sequoia Capital Sanjit Biswas
CEO, founder
2006

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

53 Quantum Secure Inc.


100 Century Court, Suite 501, San Jose CA 95112
(408) 687-4587 www.quantumsecure.com
$4
April
Provides policy based enterprise security
solutions
Dunrath Capital, Crestline Investments, NexGen Capital Ventures Ajay Jain
President, CEO
2004

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

59 CoMeT Solutions Inc.


11811 Menaul Blvd., Suite 1, Albuquerque NM 87712
(505) 323-2525 www.cometsolutions.com
$2
April
Provides workflow software for
manufacturers
Fort Washington Capital Partners, ITU Ventures Malcolm Panthaki
Chairman and Founder
2001

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

Infinera Corp. Jagdeep Singh


1 169 Java Drive, Sunnyvale CA 94089
(408) 572-5200 www.infinera.com
$110
July
Provides digital optical networking systems
to telecommunications carriers
Benchmark Capital, Kleiner Perkins Caufield & Byers, Mobius
Technology Solutions CEO, president, founder
2000
Kalypsys Inc. Shehan Dissanayake
2 10420 Wateridge Circle, San Diego CA 92121
(858) 754-3300 www.kalypsys.com
$100
November
A clinical stage pharmaceuticals company Tavistock Life Sciences, Sprout Group, CMEA Ventures, KT
Venture Group Chairman
2001
Cogensys Inc. Indra Sanyal
3 9410 Key West Ave., Rockport MD 20850
(301) 543-800 www.cogenesys.com
$55
June
A biopharmaceutical company developing
long-acting medicines across broad
therapeutic areas
New Enterprise Associates, OrbiMed Advisors, Red Abbey
Venture Partners Co-founder, CTO
2005
PA Semi Inc. Amarjit Gill
4 3965 Freedom Circle, 8th Flr., Santa Clara CA 95054
(408) 200-4500 www.pasemi.com
$50
May
Develops high-performance processors for
computing and embedded applications
Highland Capital Partners, Texas Instruments, Bessemer Venture
Partners Co-founder
2003
Validity Sensors Inc. Jalil Shaikh
5 950 Tower Lane, Ste. 1600, Foster City CA 94404
(877) 733-8833 www.validityinc.com
$36
January
Provides high performance silicon-on-flex
fingerprint sensors
TeleSoft Partners
CEO
2000
Acceleron Pharmaceuticals Inc. Jasbir Seehra
6 24 Emily St., Cambridge MA 2139
(617) 576-2220 www.acceleronpharma.com
$31
August
Provides biotherapeutics discovery for
muscle growth and bone growth therapies
OrbiMed Advisors, Advanced Technology Ventures, Flagship
Ventures, Polaris Ventures, Sutter Hill Ventures, Venrock
Associates
Founder, chief scientific officer
2003
3PAR Inc. Ashok Singhal
7 4209 Technology Dr., Fremont CA 94538
(510) 413-5999 www.3par.com
$30
April
Provides network utility storage Integral Capital Partners, AllianceBernstein LP, Open Field Capital
Chairman, CEO
1999
Catalyst Biosciences Inc. Nassim Usman
8 290 Utah Ave., South San Francisco CA 94080
(650) 871-0761 www.catalystbiosciences.com
$30
February
A biotechnology company focused on
engineering and developing novel
therapeutic protease products
Morgenthaler Ventures, HealthCare Ventures, Sofinnova
Ventures, Burrill & Company, RCT BioVentures, Novartis Venture
Fund
Chairman, CEO
2003
Global Consultants Inc. Hiten Patel
9 25 Airport Road, Morristown NJ 7960
(973) 889-5200 www.g-c-i.com
$30
May
Provides technology and outsourcing
services
Oak Investment Partners
Chairman, CEO
1991
Atrica Inc. Vivek Raghavan
10 3255-3 Scott Blvd., Santa Clara CA 95054
(408) 982-0921 www.atrica.com
$28.2
April
Provides a full range of ethernet transport
solutions to service providers
Vesbridge Partners, GunnAllen Venture Partners, Innovacom,
JK&B, Investor Growth, European Venture Partners Chairman, CEO
2000
Tzero Technologies Inc. Rajeev Krishnamoorthy
11 455 West Maude Ave., Suite 100, Sunnyvale CA 94085
(408) 328-5000 www.tzerotech.com
$25.5
August
Provides high-definition broadcasting over
wireless networks
OVP Venture Partners, Quilvest, August Capital, Lightspeed
Venture Partners, U.S. Venture Partners, VentureTech Partners Chairman, CEO
2003
Air2Web Inc. Sanjoy Malik
12 1230 Peachtree St., N.E., 12th floor, Atlanta GA 30309
(404) 942-5300 www.air2web.com
$25
October
Provides mobile messaging and marketing
applications for carriers
The Carlyle Group
Chairman, CEO
1999
Meru Networks Inc. Vaduvur Bharghavan
13 1309 South Mary Ave., Sunnyvale CA 94087
(408) 215-5300 www.merunetworks.com
$25
May
Develops mobile infrastructures for
businesses
Lehman Brothers Venture Partners, Clearstone Venture Partners,
NeoCarta Ventures, BlueStream Ventures, Evercore Ventures,
JumpStartup Venture Fund
Chairman, CEO
2002
Nextone Communications Inc. Sridhar Ramachandran
14 3110 Fairview Park Drive, Falls Church VA 22042
(703) 352-0001 www.nextone.com
$25
September
Develops products that provide management
of voice over IP and other real-time services
Columbia Partners Private Capital LLC
Chairman, CEO
1998
mFormation Technologies Inc. Rakesh Kushwaha
15 343 Thornall St., Edison NJ 8837
(732) 692-6200 www.mformation.com
$24.5
April
Supplies mobile device management
solutions
Alex Brown Venture Partners, Battery Ventures, Carmel Ventures,
Intel Capital, North Bridge Venture Partners Chairman, CEO
1999
CardioMEMS Inc. Jay Yadav
16 75 Fifth St., N.W., Suite 440, Atlanta GA 30308
(404) 920-6700 www.cardiomems.com
$22.6
November
A medical device company developing
wireless communication technologies
Arcapita Ventures, Boston Millenia Partners, Foundation Medical
Partners, Easton Capital Partners Chairman, CEO
2000
Cybernet-SlashSupport Shiv Kumar
17 3031 Tisch Way, San Jose CA 95128
(408) 615-5700 www.cybernetsoft.com
$22.5
February
Specializes in services to enterprises and
independent software vendors
SAIF Partners
CEO
1996
Solaria Corp. Suvi Sharma
18 46420 Fremont Blvd., Fremont CA 94538
(510) 656-1370 www.solaria.com
$22
September
Develops manufacturing processes for solar
product makers
Sigma Partners, NGEN Partners, Q-Cells AG, Moser Baer
CEO
1999
Kazeon Systems Inc. Sudhakar Muddu
19 1161 San Antonio Road, Mountain View CA 94043
(650) 641-8100 www.kazeon.com
$21
August
A developer of online archive management
solutions
Menlo Ventures, Clearstone Venture Partners, Focus Ventures,
Goldman Sachs Group, Redpoint Ventures CEO, founder
2003
BitTorrent Inc. Ashwin Navin
20 201 Mission St., Suite 900, San Francisco CA 94105
(415) 568-9000 www.bittorrent.com
$20
December
Delivers high quality files over the Internet Accel Partners, DCM
President, co-founder
2004
Movaz Networks Inc. Bijan Khosravi
21 1 Technology Pkwy., S. Norcross GA 30092
(770) 263-9883 www.movaz.com
$20
January
Provides optical networking equipment Anschutz Investments, Comcast Interactive Capital, Menlo
Ventures, Oak Investment Partners, Meritech Capital Partners CEO, chairman, founder
2000
Raza Microelectronics Inc. Atiq Raza
22 18920 Forge Drive, Cupertino CA 95014
(408) 434-5700 www.razamicroelectronics.com
$20
April
A fabless semiconductor company Advanced Equities Financial Corp., Warburg Pincus, Benchmark
Capital, Duff Ackerman & Goodrich, Kodiak Venture Partners Chairman, president
2002
Teranetics Inc. Sanjay Kasturia
23 3965 Freedom Circle, 6th Flr., Santa Clara CA 95054
(408) 653-2200 www.teranetics.com
$20
November
Develops silicon products for
communications platforms
Columbia Capital, Global Catalyst Partners, Granite Global
Ventures Co-founder, CTO
2002
Glam Media Inc. Raj Narayan
24 305 7th Ave., New York NY 10001
(800) 710-4526 www.glam.com
$18.5
December
A fashion and lifestyle Internet site targeting
women
Duff Ackerman & Goodrich Ventures, Accel Partners, Draper
Fisher Jurvetson, Walden VC, Information Capital Co-founder
2002
InSilica Corp. Balaji Baktha
25 3945 Freedom Circle, Ste. 270, Santa Clara CA 95054
(408) 327-4645 www.insilica.com
$18
July
A fabless semiconductor company Intel Capital, Flextronics, Crossbow Ventures, Dow Ventures,
NewPath Ventures CEO, president
2003
Rhythm NewMedia Inc. Ujjal Kohli
26 191 Castro St., Suite 200, Mountain View CA 94041
(650) 961-9024 www.rhythmnewmedia.com
$18
November
Provides mobile advertising Carlyle Venture Partners, Morgenthaler Ventures, Lightspeed
Venture Partners, Rembrandt Venture Partners CEO
2005
Amedica Corp. Ashok Khandkar
27 615 Arapeen Drive, Salt Lake City UT 84108
(801) 583-5100 www.amedicacorp.com
$16.8
March
Designs and develops orthapedic devices Creation Capital
Founder, CEO
1996
Source: IndUS Business Journal Survey and company press releases
Only those privately-held companies founded or managed by South Asian executives that announced the receipt of venture capital or angel funding between Jan 1, 2007 Compiled by Mark Connors
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 2006)
Company Name Amount Raised Contact
Address (in Millions) Title
Rank Phone / Web Address Month Announced Description Investors Year Founded

Atrenta Inc. Ajoy Bose


28 2001 Gateway Place, San Jose CA 95110
(408) 453-3333 www.atrenta.com
$16
October
Provides broad-based design analysis
solutions
Investor Growth Capital, Samsung Ventures, Hercules Technology
Growth Capital, Venrock Associates, TL Ventures, Smart
Technology Ventures, Investcorp Tech Ventures
Chairman, CEO
2001
Reconnex Corp. Ratinder Paul Singh
29 201B Ravendale Drive, Mountain View CA 94043
(650) 940-4567 www.reconnex.net
$16
May
Provides electronic risk discovery solutions August Capital , Norwest Venture Partners, Levensohn Venture
Partners, Outlook Ventures Ahuja COO
Co-founder,
2003
ContextWeb Inc. Anand Subramian
30 22 Cortland St., 9th floor, New York NY 10007
(212) 679-1412 www.contextweb.com
$15.5
October
Provides real-time Internet advertising Draper Fisher Jurvetson, Updata Partners
CEO
2000
Code Green Networks Inc. Sreekanth Ravi
31 3975 Freedom Circle, Ste. 900, Santa Clara CA 95054
(408) 213-2300 www.codegreennetworks.com
$15
January
Provides enterprise content security
products
Sierra Ventures, Bay Partners
Co-founder/President/CEO
2004
Riya Inc. Munjal Shah
32 3 Waters Park Drive, Ste. 120, San Mateo CA 94403
www.riya.com
$15
Jan
Develops technology that can search
through digital photos
Bay Partners, Leapfrog Ventures, BlueRun Ventures, Josh
Kopelman CEO, co-founder
2004
Tizor Systems Inc. Prat Moghe
33 5 Clock Tower Pl., Suite 400, Maynard MA 1754
(978) 243-3200 www.tizor.com
$15
February
Provides companies data auditing and
protection solutions to ensure compliance
assurance and theft detection
Hummer Winblad, Masthead Ventures, Navigator Technology
Ventures, Common Angels CEO, founder
2002
Zimbra Inc. Satish Dharmaraj
34 1500 Fashion Island Blvd., Ste. 100, San Mateo CA 94404
(650) 212-0505 www.zimbra.com
$14.5
April
Provides technology for next-generation
enterprise messaging and collaboration
Presidio STX, Duff Ackerman & Goodrich, Benchmark Capital,
Accel Partners, Redpoint Ventures, Inventures Group CEO
2003
AirDefense Inc. Jay Chaudhry
35 4800 North Point Pkwy., Alpharetta GA 30022
(770) 663-8115 www.airdefense.net
$14
November
Provides security protections for wireless
computer networks
Undisclosed investors
Founder/Chairman
2001
Sierra Design Automation Inc. Pravin Madhani
36 3250 Jay St., Santa Clara CA 95054
(408) 986-8700 www.sierra-da.com
$14
May
An EDA company focused on providing IC
implementation system solutions
Artiman Ventures, Telesoft Partners, Evercore Vent
CEO president
2003
Sharpcast Gibu Thomas
37 250 Cambridge Ave. Ste. 101, Palo Alto CA 94306
(650) 323-1960 www.sharpcast.com
$13.5
March
Provides real-time synchronization services
for digital consumer media and information
Sigma Partners, Draper Fisher Jurvetson, Selby Venture Partners
Founder/CEO
2004
Sipera Systems Inc. Seshu Madhavapeddy
38 1900 Firman Drive, Ste. 600, Richardson TX 75081
(214) 206-3210 www.sipera.com
$13.2
March
Provides software security for VoIP, mobile
and multimedia communications
Sequoia Capital, Austin Ventures, Star Ventures
CEO
2003
Mavenir Systems Inc. Pardeep Kohli
39 1651 North Glenville Dr., Richardson TX 75081
(469) 916-4393 www.mavenir.com
$13.1
July
Provides network providers with multimedia
services across mobile and fixed domains
Austin Ventures, North Bridge Venture Partners
CEO, president
2005
IndusLogic Inc. Sanjay Singh
40 8605 Westwood Center Drive, Ste. 401, Vienna VA 22182
(703) 847-5900 www.induslogic.com
$12.5
April
Provides outsourced software product
development
WestBridge Capital Partners,New Enterprise Associates, Draper
Atlantic President
1998
Exeros Inc. Piyush Gupta
41 2953 Bunker Hill Lane, Suite 201, Santa Clara CA 95054
(408) 919-01910 www.exeros.com
$12
September
Provides data mapping and automated data
relationship discovery software
AllianceBernstein Holding LP, Bay Partners, Globespan Capital
Partners CEO
2002
Rave Wireless Inc. Rodger Desai
42 514 West 25th St., 3rd Flr., New York NY 10001
(212) 337-9828 www.ravewireless.com
$12
April
Provides mobile phone applications for
universities and their students
RRE Ventures, Bain Capital Ventures, Sigma Partners
CEO, president
2004
Scintera Networks Inc. Abhijit Phanse
43 4340 Stevens Creek, Ste. 260 , San Jose CA 95129
(408) 200-7000 111
$12
June
A fabless semiconductor company
specializing in products that empower
multi-gigabit communication and networking
Ridgewood Capital, August Capital, Kleiner, Perkins, Caufield and
Byers, Sevin Rosen Funds Founder, president
2001
systems
TVHead Inc. Sangita Verma
44 Mountain View CA
www.tvhead.com
$11.5
June
A games-on-demand TV network Bay Partners, Mitsui Incubase, Apax Partners L.P
CEO
2003
Freewebs Shervin Pishevar
45 1320 Fenwick Lane, Suite 206, Silver Spring MD 20910
www.freewebs.com
$11
August
A web publishing firm Columbia Capital, Novak Biddle Venture Partners
President, COO
2001
Kasenna Inc. Kumar Shah
46 2091 N. Shoreline Blvd., Mountain View CA 94043
1458.8 www.kasenna.com
$11
February
Provides VOD programming and platforms
for video content and service delivery
Intel Capital, U.S. venture Partners, Alloy Ventures, Entertainment
Media Ventures, SGI CEO
1993
NeoPath Networks Rajeev Chawla
47 2171 Landings Drive, Mountain View CA 94043
(650) 691-7700 www.neopathnetworks.com
$11
May
Provides file storage virtualization solutions Cisco Systems Inc., August Capital, DCM-Doll Capital
Management, Gabriel Venture Partners Founder
2002
Scentric Inc. Sanjay Sehgal
48 3460 Preston Ridge Road, Ste. 500, Alpharetta GA 30005
(678) 325-2150 www.scentric.com
$10.4
April
Makes data classification and management
products
HIG Ventures, Valhalla Partners, Imlay Investments, ATDC
CEO, president
2004
Nextance Inc. Nathan Krishnan
49 1600 Seaport Blvd., 4th Flr. N, Redwood City CA 94063
(650) 716-2400 www.nextance.com
$10.1
June
Provides contract performance management
software
Lightspeed Venture Partners, El Dorado Ventures, ONSET
Ventures, Palo Alto Venture Partners Co-founder, CTO
2000
AppLabs Technologies Sashi Reddi
50 1601 Market St., Suite 801, Philadelphia PA 19103
(215) 569-9976 www.applabs.com
$10
July
Information technology services company
specializing in quality management, testing
and certification solutions
Sequoia Capital India
CEO/Founder/Chairman
2001
Intelliworks Inc. Dev Ganesan
51 2092 Gaither Road, Suite 100, Rockville MD 20850
(240) 238-3210 www.intelliworks.com
10
September
Provides software for higher education
institutions
Redshift Ventures, Columbia Capital, Novak Biddle Venture
Partners President/CEO
2001
Kidaro Inc. Ran Kohavi
52 676A 9th Ave., Suite 272, New York NY 10036
(212) 937-5115 www.kidaro.com
$10
December
Provides desktop computing for mobile users Opus Capital, Genesis Partners, Storm Ventures
CEO
2005
Mitrix Inc. Amar Singh
53 17 Goodyear, Suite 125, Irvine CA 92618
(949) 951-5195 www.mitrix.com
$10
August
Develops supply chain management
software
CMEA Ventures, Logispring
President, CEO

Mu Security Ajit Sancheti


54 1153 Bordeaux Drive, Ste. 102, Sunnyvale CA 94089
(408) 329-6330 www.musecurity.com
$10
June
Provides security analysis systems Duff, Alderman & Goodrich, Accel Partners, Benchmark Capital
CEO
2005
Source: IndUS Business Journal Survey and company press releases
Only those privately-held companies founded or managed by South Asian executives that announced the receipt of venture capital or angel funding between January 1, Compiled by Mark Connors
2006 and December 31, 2006 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 2006)
Company Name Amount Raised Contact
Address (in Millions) Title
Rank Phone / Web Address Month Announced Description Investors Year Founded

Razorsight Corp. Sundeep Sanghavi


55 3926 Pender Drive, Ste. 200, Fairfax VA 22030
(703) 995-5900 www.razorsight.com
$10
January
Provides on-demand business intelligence
for finance executives
Sierra Ventures
Founder, chairman
2001
Reflexis Systems Inc. Prashanth Palakurthi
56 1420 Providence Hwy., Norwood MA 2062
(781) 278-9919 www.reflexisinc.com
$10
July
A retail management software company Pequot Ventures
CEO, founder
2001
Smart Information Worldwide Inc. Satya Prabhakar
57 4926 Spicewood Springs Rd., Austin TX 78759
(512) 231-9226 www.sulekha.com
$10
November
Publishes sulekha.com, an online portal for
the worldwide Indian community
Norwest Venture Partners
President
1998
Solidcore Systems Inc. Rosen Sharma
58 3408 Hillview Ave, Suite 180, Palo Alto CA 94304
(650) 565-5000 www.solidcore.com
$10
February
Provides control solutions for embedded
devices, appliances and applications
Menlo Ventures, Matrix Partners and Sevin Rosen Funds
CEO, president

Transera Communications Inc. Prem Uppalaru


59 1195 Fremont Ave., Sunnyvale CA 94087
(408) 338-0900 www.transerainc.com
$10
November
Develops call management software Storm Ventures, Apax Partners, Accel Partners
CEO, president
2004
TransOral Pharmaceuticals Inc. Nikhilesh Singh
60 1003 W. Cutting Blvd., Ste. 110, Pt. Richmond CA 94804
(510) 215-3500 www.transoral.com
$10
June
A biopharmaceutical company developing
proprietary pharmaceutical products
Hercules Technology Growth Capital Inc.
Founder, chief scientific officer
2003
Vativ Technologies Inc. Sreen Raghaven
61 9339 Genesee Ave., Ste. 130, San Diego CA 92121
(858) 658-0050 www.vativ.com
$10
December
A fabless semiconductor firm providing
advanced digital signal processing solutions
Intel Capital, Redpoint Venture Capital, Mission Ventures, InnoCal
Venture Group CEO
2001
Pyxis Technology Inc. P.T. Patel
62 3211 Scott Blvd., Suite 203 CA 95054
(408) 988-9020 www.pyxistech.com
$9.2
December
Develops integrated circuit and chip routing
software
Formative Ventures, Austin Ventures, CMEA Ventures
Founder, CTO
2004
iConclude Inc. Sunny Gupta
63 10777 Main St., Suite 100, Bellevue WA 98004
(425) 709-7141 www.iconclude.com
$9
April
Provides problem management and incident
resolutions solutions
Grwylock Partners, Shasta Ventures, Madrona venture Group
CEO
2005
Instantis Inc. Prasad Raje
64 3005 Bunker Hill Lane, Santa Clara CA 95054
(408) 986-8800 www.instantis.com
$8.8
May
Provides on-demand software to manage
CXO-mandated initiatives that improve
enterprise financial performance
US Venture Partners, JK&B Capital, Shea Ventures
Founder, CEO
1999
Medrium Inc. Prasad Mokkapati
65 703 Market St., Ste 535, San Francisco CA 94103
(877) 633-486 www.medrium.com
$8.8
January
A local receivables management solution
provider
Ticonderoga Capital, Mosaix Ventures
Founder, CTO
1998
Converged Access Inc. Malik Khan
66 305 Foster St., Littleton MA 1460
(978) 742-1400 www.convergedaccess.com
$8
January
Makes products that enable customers to SpaceVest Capital, Ashford Capital Management, Flagship
unite voice, video and data networks over a Ventures, MC Venture Partners, NorthAtlantic Capital, SI Ventures
single network
Founder, chairman
2004
Divitas Inc. Vivek Khuller
67 888 Villa St., Ste. 210, Mountain View CA 94041
(650) 625-1900 www.divitas.com
$8
April
Delivers technology that provides seamless
voice and data mobility over disparate
networks
Clearstone Venture Partners
Founder, CEO
2005
Encover Inc. Sridhar Krishnan
68 1390 Shorebird Way, Mountain View CA 94043
(650) 417-9000 www.encover.com
$8
May
Provides on-demand software and services Baird Ventures Partners, Sigma Partners, Doll Capital
Management Founder, chairman
2000
Mobio Networks Inc. Ramneek Bhasin
69 20195 Stevens Creek Blvd., #220, Cupertino CA 95014
(408) 996-6246 www.mobio.net
$8
March
A lifestyle mobile applications company Storm Ventures, InterWest Partners
CEO
2005
SupplyScape Corp. Shabbir Dahod
70 201 Broadway, 3rd Flr., Cambridge MA 2139
(617) 453-5760 www.supplyscape.com
$8
May
Provides electronic pedigree software and
expertise to safeguard and secure the
pharmaceutical supply chain
Pfizer Strategic Investments Group, Bethesda Partners, IDG
Ventures, North Bridge Venture Partners, Pilot House Ventures CEO, president

Xactly Corp. Satish K. Palvai


71 400 Race St., Suite 201, San Jose CA 95126
(408) 977-3132 www.xactlycorp.com
$8
March
Provides sales performance management Outlook Ventures, Spinner Asset Management
Co-founder

Deeya Energy Inc. Sanjay Khazanchi


72 48611 Warm Springs Blvd., Fremont CA 94539
(501) 668-1485 www.deeyaenergy.com
$7.5
September
Develops and manufactures electronic
energy storage systems
BlueRun Ventures, Draper Fisher Jurvetson
CEO
2002
InSync Software Inc. Ashish Chona
73 1248 Reamwood Ave., Sunnyvale CA 94089
(408) 743-4440 www.insyncinfo.com
$7.5
May
Provides collaborativesupply chain software
applications
Rustic Canyon Partners and Intel Capital
Co-founder, CEO
2003
Kosmix Corp. Venky Harinarayan
74 444 Castro St., Ste. 700, Mountain View CA 94041
(650) 939-2300 www.kosmix.com
$7.4
January
A search engine company Cambrian Ventures, Lightspeed Venture Partners
Co-founder
2004
Healthia Inc. Chini Krishnan
75 1248 Reamwood Ave., Sunnyvale CA 94089
(650) 242-8132 www.healthia.com
$7
April
Offers online health comparison shopping Trinity Ventures
Founder, CEO
2005
Spock Networks Inc. Jaideep Singh
76 Undisclosed address and phone number, Menlo Park CA
www.spock.com
$7
December
Provides Internet search services Clearstone Venture Partners, Opus Capital Ventures
CEO, co-founder
2006
Agiliance Inc. Pravin Kothari
77 1732 North First St., Suite 200, San Jose CA 95112
(408) 200-0400 www.agiliance.com
$6.5
October
Manages IT risk, governance and
compiance for businesses
Walden International, Red Rock Ventures, Intel Capital
Founder, CEO
2006
FireEye Inc. Ashar Aziz
78 1360 Willow Road, Menlo Park CA 94025
(650) 543-1600 www.fireeye.com
$6.4
May
Provides network access security and
control products
Norwest Venture Partners, Sequoia Capital
Founder, CEO
2004
UnWired Buyer Inc. Indraj Gill
79 3925 West Braker Lane, 3rd Flr., Austin TX 78759
(512) 646-1505 www.unwiredbuyer.com
$6.1
March
Provides mobile e-commerce services AccentTexas Fund I LP, Aegis Texas Venture Fund, DFJ Mercury,
Gefinor Ventures CEO
2004
Aveska Inc. Deepak Taneja
80 265 Winter St., Waltham MA 2451
(781) 487-7700 www.aveska.com
$6
June
Provides access governance, risk and
compliance management services to
businesses
Charles River Ventures, Pequot Ventures
CEO, president
1996

Source: IndUS Business Journal Survey and company press releases


Only those companies founded or managed by South Asian executives that announced the receipt of venture capital or angel Compiled by Mark Connors
funding between January 1, 2006 and December 31, 2006 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 2006)
Company Name Amount Raised Contact
Address (in Millions) Title
Rank Phone / Web Address Month Announced Description Investors Year Founded

Efficient Frontier Inc. Anand Ranganathan


81 555 Ellis St., Mountain View CA 94043
(877) 273-6669 www.efrontier.com
$6
August
Provides Internet search engine marketing Cambrian Ventures, Mitsui & Co., Redpoint Ventures
Co-founder
2000
ThingMagic Inc. Ravi Pappu
82 One Broadway, Cambridge MA 2142
(866) 833-4069 www.thingmagic.com
$6
February
Makes radio frequency identification readers Cisco Systems Inc., Nicholas Negroponte
Co-Founder
2000
PixSense Inc. Anurag Mendhekar
83 3970 Freedom Circle, Santa Clara CA 95054
(415) 984-1970 www.pixsense.com
$5.4
December
Provides mobile media management
infrastructure, software, and services for
wireless carriers
ATA Ventures, Innovacom
Chairman, founder
2005
iPolicy Networks Inc. Pankaj Parekh
84 47467 Fremont Blvd., Fremont CA 94538
(510) 687-3000 www.ipolicynetworks.com
$5.02
September
Provides integrated network security product
services
Clearstone Venture Partners, Dali Hook Partners, Ignite Group,
WK Technology Fund Co-founder, CTO
2000
HiWired Inc. Singu Srinivas
85 75 Second Ave., Ste. 610, Needham MA 2494
(781) 719-4362 www.hiwired.com
$5
May
Offers remote technology management
services to consumers and small businesses
Kodiak Venture Partners, Sigma Partners
Founder
2004
Ugenie Inc. Krishna Motukuri
86 Undisclosed address and phone number, Menlo Park CA
www.ugenie.com
$5
November
An online shopping engine BlueRun Ventures, Sierra Ventures
CEO, founder
2006
ArchPro Design Automation Inc. Pratap Reddy
87 2039 Samaritan Drive, San Jose CA 95124
(408) 406-7950 www.archpro-da.com
$4.5
May
Provides electronic design automation
products
Intel Capital, Entrepia Ventures, Sage Technology Ventures LLC
Chairman, CEO
2005
Bluespec Inc. Shiv Tasker
88 200 West St., 3rd Flr., Waltham MA 2451
(781) 250-2200 www.bluespec.com
$4.5
March
Manufactures Electronic Design Automation
software
Atlas Venture, North Bridge Venture Partners
CEO
2003
Billeo Inc. Murali Subbarao
89 3945 Freedom Circle, Ste. 270, Santa Clara CA 95054
(408) 849-4010 www.billeo.com
$4
April
Provides free online bill management
services
Altos Ventures, Claremont Creek Ventures, Pacifica Fund
Founder, CEO

Juice Wireless Inc. Nick Desai


90 14 E 44th St., 3rd Flr., New York NY 10017
(212) 286-7591 www.juicewireless.com
$4
June
Provides interactive mobile data applications
and services and products
21Ventures LLC
Founder, chairman
2004
Pangea3 LLC Sanjay Kamlani
91 18 East 41st St., 18th Flr., New York NY 10017
(646) 202-2885 www.pangea3.com
$4
March
Provides outsourced legal and patent
support services
GlenRock Group
Co-founder, Co-CEO
2004
RingCube Technologies Inc. Shan Appajodu
92 3990 Freedom Circle, Suite 200, Santa Clara CA 95054
(650) 265-2609 www.ringcube.com
$4
September
Provides next generation, virtualization
related technologies
New Entrerprise Associates
CEO, founder
2004
World of Good Inc. Priya Haji
93 5900 Hollis St., Suite X, Emeryville CA 94608
(510) 528-8400 www.worldofgood.com
$4
November
Provides fair trade artisian products Draper Fisher Jurvetson, Cliff Higgerson, Omidyar Networks
CEO, co-founder
2005
SmartAnalyst Inc. Manu Bammi
94 9 East 38th St., New York NY 10016
(212) 331-0010 www.smartanalyst.com
$3.75
September
A research and analytics outsourcing firm Edison Venture Fund, Milestone Venture Partners
CEO, co-founder
1999
Kaboodle Inc. Manish Chandra
95 4699 Old Ironsides Dr. Ste 350 , Santa Clara CA 95054
(408) 492-0028 www.kaboodle.com
$3.55
June
A website to collect, organize, and share
information for shopping, travel or any other
research
Shea Ventures, Garage Technology Ventures, Alpha Group
Founder
2005
CoMeT Solutions Inc. Malcolm Panthaki
96 11811 Menaul Blvd., Suite 1, Albuquerque NM 87712
(505) 323-2525 www.cometsolutions.com
$3.5
February
Provides workflow software for
manufacturers
Flywheel Ventures, Fort Washington Capital Partners Group, ITU
Ventures Chairman, founder
2001
Clarabridge Sid Banerjee
97 3130 Fairview Park Drive, Ste. 300, Falls Church VA 22042
(703) 663-2500 www.clarabridge.com
$3
January
Develops text mining software Boulder Ventures
Co-founder, chairman
2005
FanLib Inc. Anil Singh
98 445 S. Beverly Drive, Beverly Hills CA 90212
www.fanlib.com
$3
November
Provides online entertainment content H.I.G. Ventures
Chairman
2002
Cambridge Devices Suni Chundru
99 219 Vassar St., Cambridge MA 2139
(617) 551-1181 www.cambridgedevices.com
$2.5
November
Provides physicians with direct access to
new medical technologies and
advancements
Kodiak Venture Partners
Founder
2004
Garageband.com Ali Partovi
100 480 Second St., Suite 202, San Francisco CA 94107
www.garageband.com
$2.5
August
An independent music web site targeting
iPod and MySpace users
Khosla Ventures, Bob Pittman, Herbert Allen III
CEO
1999
Knowlent Inc. Sandipan Bhanot
101 2255 Martin Ave., Ste. C, Santa Clara CA 95050
(408) 748-0600 www.knowlent.com
$2.35
May
Provides electronic design automation
software
Incubic Venture Fund, AsiaTech Ventures
President, CEO
2001
Frengo Corp. Mahi de Silva
102 460 Seaport Court, Redwood City CA 94063
(650) 364-4456 www.frengo.com
$2.3
December
A mobile social network Index Venture Management, Khosla Ventures
CEO, co-founder
2006
Verient Inc. Rajesh Shakkarwar
103 1190 Saratoga Ave., #220, San Jose CA 95129
(408) 521-1660 www.verient.com
$2.13
November
Provides financial instititutions with customer
retention solutions
Global Catalyst Partners
Founder, CEO
2006
Bunchball Inc. Rajat Paharia
104 333 Twin Dolphin Dr., Ste. 120, Redwood City CA 94065
N/A www.bunchball.com
$2
November
An electronic social gaming services
company
Granite Ventures, Adobe Ventures
CEO
2006
Juice Wireless Inc. Nick Desai
105 14 E. 44th St., New York NY 10017
(212) 286-7591 www.juicewireless.com
$1
July
Provider of interactive mobile applications Citizens Communications
Chairman, co-founder
2004
Loadstar Sensors Inc. Div Harish
106 453 Ravendale Drive, Ste. F, Mountain View CA 94043
(650) 938-4282 www.loadstarsensors.com
$1
January
Designs and manufactures capacitive
sensors for automative, aerospace, medical
device and industrial applications
Jeff Drazen (Sierra Ventures), Bill Harris, Annex Ventures, United
Investors Group Co-founder, CEO
2004

Source: IndUS Business Journal Survey and company press releases


Only those companies founded or managed by South Asian executives that announced the receipt of venture capital or angel Compiled by Mark Connors
funding between Jan 1, 2006 and December 31, 2006 were included in this survey. In case of a tie in the amount raised, the
companies have been ranked alphabetically.