Rubcion Project Enters Public Beta
April 14, 2008
The Rubicon Project Unveils Industry First - Free Ad Network Ad Server

Ad:Tech, San Francisco, Calif. – the Rubicon Project, a company with a mission to automate the large, yet highly inefficient advertising industry unveils an industry first: a free ad server for website publishers, specifically designed to manage multiple ad networks. Also released today is a new enhanced version of its ad network optimization (ANO) service for websites looking to let the experts handle the work of maximizing revenue from their ad space. More than 5,000 websites applied to be part of the company's private Beta; 750 were selected to participate in the program. With today's public Beta release any website interested in building advertising revenue through ad network optimization and ad network management can sign up.

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AOL Autos now powered, in-part, by Vast.com
April 2, 2008

More than 2.5 Million Fully Searchable Listings for Buyers; Sellers can List for Free

AOL Autos, http://autos.aol.com, today announced an open marketplace for used cars, providing car buyers with access to more than 2.5 million vehicles for sale in the United States and a new set of search and filter tools to more easily find a car that fits their needs.

The AOL Autos used car marketplace features a new intuitive search function that enables users to search for used, certified pre-owned, and private-seller listed cars using natural language queries (e.g., “black Honda Civic”). Users can filter results based on make, model, price, body style and more, resulting in more relevant listings. 

Clearstone Managing Director, Jim Armstrong in the Los Angeles Business Journal
February 18, 2008
Los Angeles Business Journal profiles Clearstone Managing Director, Jim Armstrong for a feature on LA's major players.
So. Cal. Venture Industry op-ed by Clearstone Managing Director, Sumant Mandal in VentureBeat
February 14, 2008
SoCal: brimming with VC opportunities Contributed article by managing director, Sumant Mandal
Kazeon Voted 'Hot Companies 2008' at Technosium 2008 Executive Summit in Silicon Valley
February 4, 2008
Kazeon Systems, Inc., a leading provider of intelligent eDiscovery solutions, today announced that it has been voted a '2008 Hot Company,' a recognition honored by Network Products Guide, the world's leading publication on technologies and solutions published from Silicon Valley, California.
Clearstone MD William Quigley comments on potential impact of economic slowdown
January 22, 2008
Clearstone Managing Director, William Quigley discuss the state of the Southern California Venture industry.
Long Beach to host influential TED conference
January 16, 2008
The annual Technology, Entertainment, Design conference, an invitation-only confab that attracts movers and shakers such as Bill Gates, Jane Goodall and Bono, is moving to Long Beach after 20 years in Monterey.
AOptix Technologies at Biometrics Consortium Conference
September 14, 2007
AOptix Technologies to Show Adaptive Optics-Based, Stand-off Iris Recognition at 2007 Biometrics Consortium Conference

AOptix Technologies, Inc. www.aoptix.com a leading edge developer of advanced biometric iris recognition systems announced that it is entering the fast growing iris recognition biometrics market with its proprietary adaptive optics technology.

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Wall Street Journal interviews Sumant Mandal from Clearstone Venture Partners
August 28, 2007
The India-focused investment team for Clearstone Venture Partners says dealmaking has been slow because the bar has been kept high
The India-focused investment team for venture capital (VC) investor—Clearstone Venture Partners—comprises Rahul Khanna and Sumant Mandal. Clearstone has two offices in California and one in Mumbai. The firm has $650 million (Rs2,665 crore) in committed capital under management, focuses on technology companies—notably in the Internet and wireless spaces, and currently is investing in India from its global Clearstone Fund III.
 
 
Silicon Valley startup Spock aims to refine people search
July 18, 2007

The Associated Press State & Local Wire


Silicon Valley startup Spock aims to refine people search

How many times have you Googled your ex-girlfriend? The guy from the bar last night? Paris Hilton, Barak Obama, David Beckham?

Instead of sorting through thousands of results from a major search engine the vast majority likely to be irrelevant Web pages a Silicon Valley startup promises more targeted results on people queries.

Menlo Park-based Spock Inc. scours sites such as MySpace.com, Wikipedia, LinkedIn and Flickr, compiling biographies of real people alive, dead, famous, obscure, from New York to New Delhi.

Spock is gaining 30,000 new members per week in an invitation-only beta. It will launch in three to four weeks with a searchable database of 100 million people.

Results often include an individual's photo, age, job title, political or religious affiliations, and research papers or articles written.

The site relies on public data; if you've never given your age or posted a your photo on a blog or other site, that data may not appear on Spock. But if you've submitted information to a company or neighborhood newsletter, or if you've used a social networking site, you may already be Spocked.

Backed by Clearstone Venture Partners and Opus Capital Ventures, Spock works like Wikipedia. Members contribute photos, data, tags or other information about themselves or others.

None of Spock's 30 employees is an editor. Computer algorithms police the site: If you post inflammatory or inappropriate items, your user rating plummets. Everything users add or delete can be traced back nothing is anonymous.

To highlight the ingenuity of Spock, co-founder and CEO Jaideep Singh searched for "Boxer." On Google, the top result is dogs specifically the American Kennel Club's Web site. On Amazon.com, it's underwear. On Spock, it's biographies of California Sen. Barbara Boxer and former World Heavyweight Champion Muhammad Ali.

Broadly defined people searches individuals and groups such as "Al-Qaeda" or "NBA" are among the top Internet queries. Spock, which maintains 200 servers, is bracing for an onslaught of biographies and members.

"Our mission is to index everyone who is knowable," Singh said.

 

SupplyFrame, a search tool for electrical components
June 19, 2007
Portfolio company, SupplyFrame is profiled in VentureBeat
The search engine revolution continues to ripple through to other parts of the business economy.

SupplyFrame, of Pasadena, Calif. is the latest to offer a specialized search engine for electronic components — and is also offering useful widgets about those components to embed in spreadsheets or Web sites. It has raised $7 million in a second round of funding.

Click here to read full article

Nation's Largest Technology Association Recognizes Top Southern California Innovators
May 11, 2007
AeA Orange County/Inland Empire Council Reveals the 2007 High-Tech Innovation Award Winners

Integrien today announced it was awarded the Innovative Software honor for its flagship product, Integrien Alive™, at AeA’s 14th Annual High-Tech Innovation Awards held last night.

Click on the link to read this story

Clearstone in India
May 2, 2007
Clearstone mulls closing 2 investment deals
Clearstone Venture Partners is looking to close about two investments by the year-end. The VC firm which set up a subsidiary Clearstone Venture Advisors in India in August last year, has made three deals in the country so far. 

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Portfolio Company, SoonR featured in Business 2.0 Magazine
February 28, 2007
Business 2.0 Magazine's guide to the hottest Web 2.0 companies - and the powerful trends driving them - in this make-or-break year.

Click on the link below to read the story

25 Startups to Watch

Midas List 2007
January 25, 2007
Forbes' annual Midas List ranks the top 100 dealmakers in technology and life sciences based on the exit valuations of the companies they have taken public or sold in the past five years. Last year, 460 venture-backed firms were sold or taken public for a total of $35 billion, the best year for cash-outs since 2000.
Portfolio Company, SoonR reviewed in PCMag.com
January 16, 2007
If you want to access your PC files and apps from your phone, now you have some options. SoonR goes further than programs like Avvenu in that it lets you access important PC ap-plications such as Microsoft Outlook and Skype remotely. Rather than simply browsing your PC and retrieving or sharing files, SoonR lets you effectively take part of your PC with you. What's more, you don't need a smartphone to do this. All you have to do is access the SoonR Web site through any phone's browser.
Silicon Valley's New Leaders Coming From Overseas
January 4, 2007
VALLEY'S NEW LEADERS COMING FROM OVERSEAS. Sudhakar Muddu left everything familiar in his homeland of India in 1990 to attend Yale University on a post-graduate scholarship. He later worked for IBM and Silicon Graphics. Remainder of article at the link below (free, but requires registration):
Portfolio Company, Spock featured in Red Herring
December 20, 2006
Hoping to exploit a weakness for Google, Yahoo, and other search engines, Spock Networks is building a service aimed at making it easier to find information about people on the Web. The search engine will index more than 100 million people at launch and add millions daily.

Click on the link below to read the story

Spock Beams Up $7 Million

Portfolio Company, Presto featured in the DEMOletter
November 27, 2006
DEMOletter looks at the HP Printing Mailbox with Presto Service.

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Presto! A 94-Year Old Gets "Online"

Portfolio Company, Presto featured in TechCrunch
November 27, 2006
A silicon valley startup called Presto has quietly launched a new service aimed at people who don’t currently have Internet access, but want to be able to receive emails and photos from loved ones.

Click on the link below to read the story

Presto: Because Computers Scare Old People

Motorola to Acquire Good Technology
November 10, 2006
Motorola, Inc. (NYSE: MOT) and Good Technology, Inc. today announced that the companies have signed a definitive agreement under which Motorola will acquire privately held Good Technology, a leader in enterprise mobile computing software and service.
Spock offers an ambitious “people” search engine
October 31, 2006
By Matt Marshall 10.31.06 9:05 PM Venture Beat Updated spock.bmpSpock, a secretive Menlo Park start-up incubated with $1 million from Clearstone Venture Partners, will unveil a search engine for people by the end of the year. From a demo we’ve seen, we think it could be a powerful addition. Spock could take this in some interesting directions. Its main challenge will be to wean users from Google as a first stop, though more on that in a sec. More at link, below.
Portfolio Company, ThisNext featured in the New York Times
September 11, 2006
The New York Times looks at the ThisNext business model and its CEO Gordon Gould.

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Like Shopping? Social Networking? Try Social Shopping

Senior Venture Partner, Vish Mishra, Interviewed by IndiaCurrents
August 26, 2006
The Indus Entrepreneurs (TiE) now has chapters in nine countries
Managing Director, Jim Armstrong, Interviewed by socalTECH.com
April 5, 2006
Managing Director, Jim Armstrong, interviewed by Flashwire W
April 3, 2006
Midas List 2006
January 26, 2006
The Midas List seeks to identify individuals who deploy venture capital to create wealth for their investors and build valuable, long-lasting companies. Our ranking formula ignores the original amount invested in a deal (as it is often undisclosed), instead weighing most heavily the market capitalization of a venture-backed company at the close of its first day of trading, or the purchase price in an acquisition. A lesser weight is given to the change in value of each investment since going public or being sold.

Ranking also depends on a candidate's length of involvement and depth of influence at a startup. Only tech and life sciences companies that have gone public or been acquired within the past five years are considered. Our results are based on extensive reporting and surveys sent to 800 professionals, including angels, bankers, lawyers, recruiters and venture capitalists.

See the list >
Managing Director, Jim Armstrong, featured in Investor's Business Daily
January 20, 2006
Senior Venture Partner, Vish Mishra quoted in Red Herring from his panel discussion on "How to Successfully Invest in India and China" at the 2005 IBF Early Stage Venture Investing Conference
October 22, 2005
Portfolio company, Meru Networks featured in Information Week
July 18, 2005
Portfolio company, Meru Networks wins Networld Interop 2005 award
May 9, 2005

Solution Works With Existing WLAN Environment, Enterprise Applications, and Handsets

MOUNTAIN VIEW, Calif., April 17, 2006- DiVitas Networks today announced that it is entering the enterprise communications market with a new class of unified mobile communications solutions that extends the reach of the enterprise by providing seamless roaming between WiFi and cellular networks. DiVitas' solution works in any WLAN environment, with any PBX, and over any type of fixed, mobile, or wireless network; it also integrates with business and communications applications. A privately held company, DiVitas has raised $8 million in Series A funding from Clearstone Venture Partners and other private investors. DiVitas is headquartered in Mountain View, California, and has an office in Bangalore, India.

DiVitas was founded by president and CEO Vivek Khuller and CTO Venkat Kalkunte. Khuller was previously a venture partner at Clearstone Venture Partners, entrepreneur in residence at Matrix Partners, and an executive at Sycamore Networks and Verizon. Kalkunte formerly worked at Cisco, and was founding engineer of Transmedia Communications, which Cisco purchased in 1999. He also worked at Alteon, Stratacom, and other technology companies.

"Today's enterprise workers want to stay connected with their customers and colleagues, yet more than 70 percent of them don't have access to mobile solutions," said Khuller. "Enterprises have had to rely on disparate, costly, and unreliable approaches, including cellular and wireless VoIP. DiVitas' unified solutions let enterprise users stay connected and stay engaged, and put the enterprise in control of its mobile communications at a cost that will enable it to mobilize all workers."

"Convergence is now the core driving force in the evolution of communications - both wired and wireless," said Craig Mathias, a Principal with the wireless and mobile advisory firm Farpoint Group. "The idea is to provision a common set of services across a variety of networks, from cellular to wireless LANs to landlines. DiVitas is positioning themselves for leadership in this very exciting space."

DiVitas Addresses Gap in Market

DiVitas addresses a major gap in the communications market-the lack of a mobility solution for the full scope of enterprise workers and functions. Cellular is ubiquitous but expensive and device driven, and cannot be managed by the enterprise. Wireless VoIP has limited reach, performance, and device support. Neither addresses the need of enterprises to control communications, hand off Wi-Fi-cell calls seamlessly, and integrate applications with communications. As a result, mobile communications has limited penetration in enterprises. Enterprises pay for mobile voice service for far fewer than half of their employees, and the number of those employees with mobile email is even smaller.

"Clearstone sees a tremendous market opportunity for enterprise mobility solutions, and DiVitas is the first company to take advantage of it by letting enterprise being in control," said Sumant Mandal , a member of DiVitas' board and managing director at Clearstone. "By delivering voice, text, and enterprise applications on one handset, the DiVitas platform promises to cut down on voice mails and missed calls and greatly improve end users' productivity."

The DiVitas solution works in every network environment, whether it is cellular, WiFi, Internet/IP WAN, or wireline, and with every type of mobile phone, including dual-mode phones, WLAN phones, cellular phones, smartphones, and softphones. The company's solution also serves as an application platform for enhanced communications such as CRM, assuring end users of their presence and participation in business operations, irrespective of the underlying network.

Because enterprises own the DiVitas solution, administrators can control and manage communications centrally, without having to depend on service providers. End users need only one wireless handset to access voice, email, and applications as they roam between enterprise and cellular networks, giving them the type of "presence" previously unavailable with mobile communications.

DiVitas Solutions Interoperate with Mobile Phones, Networks

To make it easy for enterprises to adopt its solutions, DiVitas plans to conduct interoperability tests with a range of ecosystem vendors to ensure that the DiVitas solution works in every network environment, with every type of handset, and with every PBX. The company will announce interoperability with a range of wireless LAN, handset and IP/PBX partners.

"Symbol's wireless LAN solutions enable enterprises to cost-effectively increase penetration of mobile voice and data solutions. With the availability of dual-mode phones such as Symbol's MC70, which work both over WiFi and cellular networks, users can be accessible and productive beyond the four walls of the enterprise," said Chris McGugan, senior director of marketing at Symbol Technologies' wireless infrastructure division. "Symbol is closely working with DiVitas to develop end-to-end seamless voice and application handoff solutions for the enterprise across wireless LAN and cellular networks."

About DiVitas

DiVitas Networks is developing a new class of enterprise appliance that provides seamless voice and data mobility over disparate networks to all enterprise employees by taking advantage of disruptive technologies such as WiFi, the Internet, and dual-mode phones. DiVitas is the first company that enables such mobility while giving enterprises complete control of the system. The DiVitas solution enables seamless roaming and WiFi-cellular handoff and extends enterprise security, management, and cost control to mobile communications. End users are assured of their presence and participation in business operations, irrespective of the underlying network, whether it is cellular, WiFi, Internet/IP WAN, or wireline. Headquartered in Mountain View, California, DiVitas Networks is backed by Clearstone Venture Partners. More information is available at http://www.divitas.com .

Article in Red Herring featuring the close of Clearstone's Fund III
April 26, 2005
NetworkWorldFusion Article including quotes from Clearstone Managing Director, William Quigley
March 18, 2005
PC Magazine reviews most recent product offering from portfolio company, Good Technology
March 4, 2005
Broadband Business Forecast story featuring portfolio company, SiNett
September 7, 2004