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Company in the newsAxxana, a data storage and recovery specialist raises $9 million
Axxana, an Israeli developer of data disaster recovery solutions, has raised $9 million in Series B funding; Carmel Ventures led the round, and was joined by return backers Gemini Israel Funds and serial investor Moshe Yanai
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Calm amid the stormFinancial crisis offers opportunities for start-ups
A world of failing corporate titans and changing government policy is chaotic, but chaos creates opportunity and leaner times bring focus; savvy and nimble start-ups are in a position to exploit the situation
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GSC announces six finalists for 13 November event
The Global Security Challenge has announced the six finalists for the competition to be held 13 November; winner will receive $500,000 grant in cash and mentorship from venture capitalists
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A quick lookTechnology start-ups, investment, and the financial crisis
The U.S. financial crisis need not spell doom for technology start-ups, says Kevin Maney; one of the main reasons: "The cost of starting a tech company has dropped precipitously, thanks to cheaper/better/faster technology"
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Send Word Now completes $14 million financing round
As more attention is paid to alerting people of imminent or on-going disasters, investors pay more attention to companies producing effective, reliable alert systems; Send Word Now benefits
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Paladin closes third fund, exceeding target of $300 million
Paladin Capital Group closes its third fund, Paladin III L.P., with equity commitments of $340 million; Paladin, a leader in homeland security investing, has more than $980 million under management across multiple funds and thirty-one portfolio companies
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Athlone Global Security completes round of Defensoft investment
Athlone Global Security completes new round of investment in DefenSoft, a simulation specialist
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Biometrics£500,00 boost for hi-tech firm
Warwick Warp has developed innovative technology in biometrics which dramatically improves the accuracy and speed of recognition of fingerprints; VCs are intrigued
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Energy futureVCs invest $3 billion in clean tech in 2007
VCs investment in clean tech in 2007 increased 43 percent over similar investments in 2006; U.S.-based companies received $2.52 billion, or 83 percent of the total, in 159 clean-tech deals
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Energy futureIsraeli clean-car project largest recipient of VC clean-tech funding in 2007
Israeli electric car venture raises $200 million in first round financing -- the largest single recipient of VC cleantech funding in 2007; total VC 2007 investment in cleantech: More than $3 billion
