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Welcome to Silicom Ventures eNewsletter for July 2004

We have just come back from our summer vacation and are already in full swing preparing for the Aug. 10th meeting. But having been on vacation does not mean that we did not continue working and in fact we have met many interesting and innovative companies in Israel. Similarly, here in the US good things continued happening while we were away. We hope that you are having a great summer and are looking forward to see you at the next meeting.

Gadi Behar
Founder & Managing Director
Silicom Ventures

Recent Investments Activities

Spectros closed its second round. Spectros develops and markets advanced detection & imaging systems for medical applications. The company closed a $1M round mostly from Silicom Ventures members. www.spectros.com

E-Z-CAD closed series A round. E-Z-CAD develops EDA products for semiconductor yield analysis and yield improvement delivering Design-For-Yield methodology for next generation semiconductor design and manufacturing technology. During the first closing the company raised $9.5M from Sand Hill VC investors and private individuals including members and affiliates of Silicom Ventures. The company plans to have a second closing in the next few weeks with additional funding from strategic investors. www.e-z-cad.com

IMI Completes Series B Round.
Integrated Materials Inc., a manufacturer of silicon products used in semiconductor diffusion processes, closed an $8.5M Series B financing round. The round marked the first time the company had received investments from venture capital firms. www.integratedmaterials.com

eASIC® Raises $5 Million in Third Round of Funding from Kleiner Perkins and Silicom Ventures. eAsic develops technology for structured IC development.

V-Secure Technologies appoints Izhar Shay as a new CEO. Izhar has more than 20 years of experience in management, business and technical positions. He was the co-founder and CEO of Business Layers, the company that pioneered the eProvisioning space.Under his leadership the company recently sold to Netegrity (Nasdaq: NETE). www.v-secure.com

Chakshu Research closed A round. The company develops medications that address age related visual acuity declines, and other age related ophthalmic problems.
They raised over 500k from Silicom Ventures members a few months ago and closed $1.25M round A in June 2004.

Available Executive Positions

Click here for additional information

Pictures from Silicom Summer Break Party

To those who forgot the summer break party here are some pictures to refresh your memory.

Past presenting companies

CVidya, presented to Silicom Ventures members on April 10, 2001, is completing a $7M round of led by Carmel Ventures. The company's previous investors including Hyperion and Het Mer are joining the round. cVidya Networks provides management solutions targeted towards Communication Service Providers (CSP) through a set of applications, providing a view of costs and revenues across the CSP infrastructures and operations. To learn more pls visit them at www.cVidya.com

Kashya which presented in Silicom Ventures Storage Symposium on February 10 , 2004, raised $15 M. Kashya, a developer of enterprise-class data protection solutions, has raised $15 million in Series C financing in a round led by new
investor TL Ventures. Current backers Battery Ventures and Jerusalem Global Ventures also participated. The company was founded in 2001 by Michael Lewin, Yair Heller and Ziv Kedem. www.kashya.com

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Your feedback is welcome. For articles and any information that might interest the group to be posted on the next newsletter, Please contact: [email protected].

Silicom Ventures is not a brokers nor investment advisors and do not provide investment advice, and this newsletter should not be relied on as such nor is it a substitute for investment advice. The information provided in this newsletter based from sources believed to be reliable and in good faith , it is not guaranteed either as to accuracy or completeness, and independent verification should be sought before making any decisions.


Speakers at Silicom Ventures Upcoming Events

August 10th
Udi Manber, VP and Chief Algorithms Officer, Amazon.com

September 7th
Kevin G. Coleman,Chief Strategist, Netscape Division of AOL iPlane

November 9th
Professor Kristofer S.J. Pistert will speak about "Smart Dust"

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