|
 "Top
Valley Fundings"
February 4, 2002
These companies received the highest amounts of venture funding
in the Bay Area during the 2001 fourth quarter. (Figures in millions.)
|
COMPANY
|
CITY
|
YEAR FOUNDED
|
PRODUCT
|
AMOUNT
|
|
SS8 Networks
|
San Jose |
1999 |
IP signaling |
$62.0 |
|
Zambeel
|
Fremont
|
1999
|
Storage systems
|
$52.6
|
|
QuickSilver Technology
|
San Jose
|
1998
|
Wireless technology
|
$50.0
|
|
Avolent
|
San Francisco
|
1995
|
Internet billing
|
$40.0
|
|
Callidus Software
|
San Jose
|
1996
|
Enterprise software
|
$40.0
|
Source: PricewaterhouseCoopers/Thomson Venture Economics/National
Venture Capital Association MoneyTree Survey
Top 10 Financing Events in the Fourth Quarter 2001
There was a significant decline in nine-figure investments in the
Fourth Quarter. In the Third Quarter, six companies received equity
investments of $100 million or more, while in the Fourth Quarter,
only one venture achieved this milestone. The top ten equity investments
during the Fourth Quarter were as follows:
1. Reliant Pharmaceuticals (Liberty Corner, NJ) ...$150.0 million
2. PhotonEx (Maynard, MA) ...$90.0 million
3. 24 Hour Fitness Worldwide (Carlsbad, CA) ...$85.0 million
4. Avalon Pharmaceuticals (Gaithersburg, MD) ...$70.0 million
5. GeoLogistics (Santa Ana, CA) ...$67.5 million
6. Pharmion (Boulder, CO) ...$65.0 million
7. SS8 Networks (San Jose, CA) ...$62.0 million
8. Cogent Communications (Washington D.C.) ...$62.0 million
9. White Rock Networks (Richardson, TX) ...$60.0 million
10. Chorum Technologies (Richardson, TX) ...$60.0 million
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