Venture Capital News:

Siemens Venture Capital News http://www.siemensventurecapital.com/news

National Venture Capital Association http://www.nvca.org/nvca09_10_03.html

Venture Capital Journal - to stay updated on latest news http://www.venturecapitaljournal.net/vcj/topnews.html

Venture Capital Funding in Homeland Security:

Paladin Capital Group
www.paladincapgroup.com

Paladin Homeland Security Fund, L.P. invests in enterprises whose principal business centers on products and services that address homeland security issues and needs. The Fund's first priority is to invest in existing companies with immediate solutions designed to prevent harmful attacks, defend against attacks, cope with the aftermath of attack or disaster and recover from terrorist attacks and other threats to homeland security.

Portfolio Companies:

AgION Technologies

AgION Technologies is a leader in providing engineered antimicrobial solutions that continuously inhibit the growth of bacteria, mold and fungus on a broad range of industrial, consumer and medical products. Users of AgION's technology and solutions include Carrier Corporation, Bosch Siemens, DuPont Powder Coatings, Vygon and AK Steel Corporation. AgION Technologies has locations in Wakefield, Massachusetts and Basel, Switzerland. http://www.agion-tech.com

Arxan Technologies

Arxan was founded in 2001 using advanced technology developed at the CERIAS Institute (Center for Education and Research in Information Assurance and Security), a top academic research institute and an NSA Center of Excellence in Information Assurance, at Purdue University. Arxan offers robust, viable anti-tamper software protection mechanisms that effectively safeguard software operating in untrusted environments, generating software that is secure in deployment. Arxan's EnforcIT fortifies software applications to protect the integrity of the program, prevent unauthorized access, and prevent reverse engineering and code lifting. Arxan sells its products through direct and indirect channels and has offices in Chicago, Illinois; Reston, Virginia; San Francisco, California; and West Lafayette, Indiana. http://www.arxan.com

ClearCube Technology

ClearCube Technology is the market leader in client blade desktop computing solutions. ClearCube enables customers to reduce their support costs while dramatically improving availability and security throughout their end-user computing infrastructure. http://www.clearcube.com

CloudShield Technologies

CloudShield has created a revolutionary new content control platform for wire speed network applications that substantially strengthens network security capabilities, reduces costs, enhances existing network services, and enables new services to be quickly deployed across multiple markets. A general-purpose platform, capable of hosting a wide variety of network service applications, the CloudShield packet server is capable of providing deep packet inspection, in a programmable and flexible hardware environment, at speeds previously only achieved by purpose built network appliances. http://www.cloudshield.com

Courion Corporation

Courion Corporation is a leading provider of self-service identity management solutions that help enterprises drive operational efficiency by securely automating routine, manual processes. Courion's Identity Management Suite(tm), anchored by its AccountCourier® user provisioning, ComplianceCourier® compliance management, and PasswordCourier® password management product lines, leverages existing infrastructure and integrates disparate workflows within the enterprise to optimize user productivity, strengthen security, reduce costs and ensure efficient regulatory compliance and reporting. Its products allow companies to quickly provision new employees and partners to gain access to IT resources, terminate access of departing employees, reset passwords efficiently, and comply with regulatory issues such as Sarbanes-Oxley, HIPAA, and Gramm-Leach-Bliley. Over 220 enterprise customers worldwide, including 50 of the FORTUNE 500, utilize Courion to securely automate routine, manual processes for user provisioning, password management, industry and regulatory compliance, virtual directory management and digital certificate management. These include industry leaders such as American Electric Power, Boeing, Children's Hospital Boston, Fannie Mae, GE, Office Depot, SunTrust Banks, US Internal Revenue Service, US Census Bureau, and Kaiser Permanente. Founded in 1996, Courion has approximately 81 employees and is headquartered in Framingham, Massachusetts. http://www.courion.com

GlassHouse Technolgies

GlassHouse Technologies is the leading provider of services that help organizations solve the business problems of enterprise storage. From strategy through implementation, operations and customer support, GlassHouse partners with clients to achieve predictability and manageability in storage and backup operations. GlassHouse enables clients with consistent process and procedures, facilitating cost management, risk mitigation, and enhanced IT-client satisfaction. GlassHouse clients include Biogen Idec, Inc. and Autodesk. www.glasshouse.com

Nexidia

Leveraging the actual phonemes that define human speech, Nexidia delivers rapid and accurate search solutions that transform raw audio-video content into information and knowledge valuable to government agencies and commercial businesses such as call centers, financial services, regulated industries, media companies and portal service providers. Nexidia's open system, IT-compatible products effectively index, search, mine, extract knowledge and manage audio-video content. Available as either a standalone application or integrated with leading content management, enterprise portal, and digital asset management systems, Nexidia's solutions are engineered to meet the demanding needs of government agencies and a number of vertical markets that require mission-critical performance. Nexidia is based in Atlanta, Georgia. http://www.nexidia.com

Orchestria

Orchestria Corporation is the global leader in the fast emerging Active Policy Management (APM) software market. APM software provides the only truly effective means of assuring compliance with all forms of regulatory and business policy as they relate to electronic communications sent from E-mail and Instant Messenger applications, Bloomberg® and BlackBerry® devices, and Web browsers. In today's regulatory and business environment, failure to assure policy compliance presents exposure to unacceptable business risks. Orchestria is used by many of the world's largest investment banks, asset managers, and mutual fund companies. Founded in August 2000, Orchestria is headquartered in New York with additional sales offices in Boston and London. http://www.orchestria.com

SafeView, Inc.

Based in Santa Clara, California, SafeView, Inc. is a leading provider of personnel screening technology. SafeView has breakthrough technology that solves the growing threat presented by non-conventional weapons and contraband that are undetectable by current metal detection systems, such as plastic guns, ceramic knives, explosives strapped to the body, and other unconventional contraband. Using breakthrough millimeter wave technology developed by Battelle Labs, Safeview can detect and reveal the presence of such dangerous material to security personnel in real time and in a non-intrusive basis. http://www.safe-view.com

VistaScape Security Systems

VistaScape Security Systems provides automated policy-based video surveillance software solutions for at-risk facilities such as airports, harbors, and power plants. VistaScape intelligently analyzes data from video, RADAR, GPS, and other sensors to automatically detect threats and issue alerts. It provides a complete view of a secure area, enabling security personnel to visually define and centrally manage an automated security policy. The solution is ideal for securing facilities that may or may not have perimeter walls or fences. VistaScape's automated surveillance approach substantially reduces manpower costs and improves overall security. VistaScape is based in Atlanta, Georgia. http://www.vistascape.com

In-Q-Tel
http://www.in-q-tel.com/

In-Q-Tel is a venture capital fund, largely funded by the US Intelligence Community, to stimulate new technologies through private sector entrepreneurs.

In six years, the Arlington (Va.) venture has invested in 77 transactions.

In-Q-Tel was established in 1999 as an independent, private, not-for-profit company to help the CIA and the greater US Intelligence Community (IC) to identify, acquire, and deploy cutting-edge technologies. In-Q-Tel's open and entrepreneurial venture capital model gives it the agility - lacking within traditional government contracting approaches - to help the IC benefit from the rapid pace of change in information technology and other emerging technology fields.

Patriot Venture Partners, LLC (PVP) http://www.patriotvc.com/

Center for Commercialization of Advanced Technologies (CCAT) http://www.ccatsandiego.org

The CCAT - supported by Congress and funded by the Department of Defense - is a public-private collaborative partnership between academia, industry, and government. Partners include San Diego State University (SDSU) Foundation and Entrepreneurial Management Center, the University of California, San Diego (UCSD) Jacobs School and UCSD CONNECT, and Lockheed Martin ORINCON Technologies, Inc. with support from the Space and Naval Warfare Systems Center, San Diego. The consortium-style CCAT intends to bridge the gap that exists between the generators of technology, the Department of Defense and the commercial marketplace.

Trident Ventures, The Carlyle Group

Sky Venture Partners, Washington Capital Partners

News:

Venture Capital Firm Creating Investment Fund For Early-Stage Homeland Security TechnologiesHomeland Security and Defense

A venture capital firm in Washington, D.C., is creating a new early-stage investment fund for promising homeland security technologies to move them from the laboratory to the commercial market.Homeland Security Investors, LP, managed by Washington Capital Partners (WCP), plans to invest $75 million in technologies relating to security, intelligence, defense and aerospace that have already been developed by the federal government but which have not yet become commercial, according to WCP Chairman Tidal McCoy.Technologies the fund will likely focus on include sensors, cameras, signals intelligence, authentication devices, propulsion systems, electronics and training materials."We're like a matchmaker, a clearinghouse, a research shop and a deal shop," McCoy told Homeland Security & Defense. "We're looking to find those technologies that have largely been paid for by the government...and turn them into companies."That means, he said, merging the technologies and the scientists and engineers who developed them with a suitable corporate team that could turn those technologies into an actual business, complete with a profit-making strategy. The Homeland Security Investors, LP would expect to invest from $500,000 to $3 million initially in each company, McCoy said.The Defense Department, along with government labs and some universities, already have developed some of the technologies the fund is seeking for investment. But the federal government has not excelled at licensing those technologies for the commercial marketplace, said McCoy, a former acting secretary of the Air Force and chairman of the Space Transportation Association. The Homeland Security Investors, LP, he added, doesn't plan to limit itself to government labs or Pentagon research facilities."The real big returns come with the early investments. The money for early-stage investments is there. People are willing to take a risk," he said.The Homeland Security Investors, LP is the biggest project yet for WCP, which began in 1998 and now manages about $10 million in investments in Washington-area information technology, aerospace and defense companies. WCP has 60 investing members who include CEOs, retired flag officers, former service secretaries and former Cabinet members.McCoy said he expects in the next few weeks to have a team in place to manage the Technology Leverage Fund and hopes to have the $75 million raised within 18 months. The fund already has about $10 million to invest."With some luck, we'd be ready to start investing by next March," he said. "We always like to hear from people, but I don't want to mislead entrepreneurs into spending their cash to fly to Washington thinking there's a big pot of money suddenly available.... The process [to invest] can take six months or more."WCP is working with Austin McGregor (http://www.austinmcgregor.com), a Dallas-based executive search firm that will try to line up not only talent but money for the Homeland Security Investors, LP. "We're headhunters but we're also recruiting investment professionals and deal-flow money along with senior managers," said Jeremy King, managing partner in the company's Washington, D.C., office. Austin McGregor will help the Technology Leverage Fund perform due diligence on technologies and budding companies, King said.But large financial investors are convinced it makes sense to invest in homeland security, King said, so the Homeland Security Investors, LP can expect a good return for its efforts. "Not too many people have said this will never fly