Fairfax, VA (November 18, 2008) – RollStream Inc., the leading provider of enterprise community management solutions, today announced it has secured $6 million in Series B funding. The investment was led by Washington, DC based Core Capital, with participation from existing investor Vienna, VA based Grotech Ventures. In conjunction with this new investment, Will Dunbar, Managing Director at Core Capital, has been named to RollStream’s Board of Directors. Both venture capital firms have impressive track records for leading high-potential technology companies to success. Continue reading
Introducing the Top U.S. Wireless Innovators of All Time
(November 13, 2008) – Last month the U.S. wireless industry officially marked the 25th anniversary of the day the first cellular system opened for business in Chicago. Many of the industry’s movers and shakers gathered in Chicago on Oct. 14 for the Wireless History Foundation’s gala celebrating the anniversary. That monumental event triggered a lot of discussion (and reminiscing) among the FierceWireless editorial team.
With the 25th anniversary in mind, we decided it was time to honor the contributions of some of the wireless industry’s foremost leaders and innovators with the FierceWireless list of Top U.S. Wireless Innovators of All Time. Continue reading
Washington, DC (November 12, 2008) – Core Capital Partners, a leading venture capital firm that invests in high-growth technology companies, announced today it is participating in a $14.5 million funding round for McLean, Va.-based Trust Digital, a leading enterprise mobility management (EMM) provider. The funding will be used to extend Trust Digital’s platform to include Research in Motion’s BlackBerry devices, the Apple iPhone and Google Android. The funds will also go toward expanding direct sales and channel partner support. Continue reading
Waltham, MA (October 17, 2008) – V.i. Labs, a provider of software protection solutions, received $4 million in additional funding to accelerate its product development efforts and expand platform support for its CodeArmor software protection and intelligence solutions. Existing investors, Core Capital and Ascent Ventures, participated in the expansion round. Continue reading
Washington, DC (September 11, 2008) – Core Capital Partners, a leading venture capital firm that invests in high-growth technology companies, today announced the sale of SwapDrive Inc., a web-based storage company, to Symantec Corp. Symantec, a global leader in providing security, storage, and systems management for businesses and consumers, acquired the Washington-based company for $124 million. Continue reading
Santa Clara, CA (June 25, 2008) – BridgeWave Communications, the leading supplier of gigabit wireless solutions, today announced it has received $10 million in Series 4 funding. This round was co-led by Intel Capital and a new investor, Core Capital, with participation from prior round venture capital firms Cipio Partners, SDL Ventures, and Merifin Capital. Continue reading
Washington, DC (October 4, 2006) – Core Capital Partners announced today the pending sale of SilverStorm, one of its portfolio companies, to QLogic, a leading supplier of storage networking solutions, for $60 million. When the SilverStorm sale is finalized, it will mark the first exit from Core’s current fund.
“We see strong potential in this deal,” said Will Dunbar, managing director with Core Capital Partners. “SilverStorm’s Infiniband technology has proven to complement QLogic in a way that makes the combined company that much stronger in the marketplace.” The first sale of Core’s $200 million current fund, formed in 2004, is expected to see almost a 100 percent annualized return.
Core invested in SilverStorm in January of this year, leading a $13 million round of funding that included existing investors Bay Partners and Castile Ventures and newcomer Axiom Ventures. The funding was primarily used to expand the company’s product development and sales and marketing efforts.
“Working with Core Capital has certainly helped position us well for this pending acquisition,” said Russ Hawkins, CEO of SilverStorm. “We believe that SilverStorm has only just begun to have an impact in the market place and QLogic is the perfect fit to take our company to the next level.”
Core Capital invests in “disruptive technologies” that it believes will change how products and services are provided in a given industry. The Infiniband technology created by SilverStorm links lower cost data processors together to make supercomputing more accessible and cost-effective to companies in industries like oil and gas exploration and aerospace design that process high volumes of information.
After the sale to the multi-billion dollar networking company, SilverStorm will continue to be based out of King-of-Prussia, Pennsylvania.