Current Investments

Past Investments (Representative List)

Information Technologies

50/50 Micro Electronics
Manufacturer of memory modules for PCs and laser printer expansion boards. The company has been acquired by Centon Electronics.

Accelgraphics
Manufacturer of 3-D accelerator boards and associated software which allow a PC to perform like a UNIX workstation. The company (Nasdaq: ACCL) completed a $23.4M IPO.

AHA Software
Developer of pen-based application software. The company was acquired by Microsoft (Nasdaq: MSFT).

Aion
Developers of artificial intelligence-based expert systems software for mainframes, workstations, & PCs. The company was acquired by AICorp (Nasdaq: AICP).

Analog Design Tools
Producer of CAE software packages designed specifically for analog circuit design and simulation. The company was acquired by Valid Logic, which was then acquired by Cadence (NYSE: CDN).

Applied Micro Circuits
Producer of high-performance bi-polar and CMOS logic arrays for military, computer, instrumentation, and communications markets. The company (Nasdaq: AMCC) completed a $40.4M IPO.

Arix
Producer of real time transaction- oriented computer systems; multi user, high end super microcomputers. The company completed an IPO on Nasdaq.

Aspect Communications
Producer of applications specific telecommunication systems and automatic call distribution systems. The company completed a $29MM IPO.

Ateq
Producer of a mask/reticle generator for semiconductor wafer fabrication. The company was acquired by Etec.

Auspex Systems
Producer of file servers for networked workstation environments. The company completed a $60M IPO.

BoldFish
Developer of outbound messaging infrastructure for e-businesses. The company was acquired by Siebel Systems (Nasdaq: SEBL).

Caspian Networks
Developer of "flow-state" routers providing enhanced Quality of Service (QOS).

Conductus
Manufacturer of thin film superconductors for very high speed digital devices, magnetic field sensors, and interconnection between ICs and PCBs. The company completed an IPO and later merged with Superconductor Technology (Nasdaq: SCON).

Covalent
Developer of turnkey job shop management systems and microcomputer based data systems. The company was acquired by Logic Associates.

Crystallume
Manufacturer of industrial products incorporating synthetic diamond films and coatings. The company completed a $5.5M IPO and was later acquired by EDI.

Cygnet Systems
Manufacturer of large scale optical disk based image storage and retrieval networks and robotic mass storage devices. The company was sold to a foreign-owned company ATH Gigadisc, SA.

Edsun Laboratories
Manufacturer of color graphics chip sets for high performance display systems. The company was acquired by Analog Devices.

Efficient market services
Provider of retail and consumer packaged goods solutions empowering the demand driven business.

Electroscan
Manufacturer of environmental micro-imaging products using electron optics technology. The company was acquired by Phillips North America.

Greyhawk Systems
Developer of video display projectors using advanced proprietary technology. The company was acquired by Ampro Corporation.

InPart Design
Provider of component data and CAD content on the Internet. The company was acquired by Parametric Technology Corporation (Nasdaq: PMTC).

Insite Peripherals
Manufacturer of computer storage devices and high capacity floppy disk drives.

ITS
Provider of instant messaging and customer data collection applications for companies.

K2 Optronics
Developer of active components and modules for the fiber optic tele-communications industry. Aquired by Emcore in 2006.

Latitude Communications
Manufacturer of customer-premises telephone equipment for conducting audio conference calls. The company (Nasdaq: LATD) completed a $36M IPO and was later acquired by Cisco Systems (Nasdaq: CSCO).

Lumisys
Producer of high performance image displays for medical imaging and other high resolution applications. The company completed a $20M IPO.

Micropolis
Manufacturer of high capacity mini floppy disk drives and 8" Winchester drives. The company completed an IPO.

Microtec Research
Developer of applications software for the embedded systems environment. The company completed a $12M IPO and later was acquired by Mentor Graphics (Nasdaq: MENT).

Molecular Dynamics
Manufacturer of optical research and analytical instruments. The company completed $23.5M IPO.

Mouse Systems
Producer of graphics peripherals including optical mice and high resolution graphics controllers and software. The company was acquired by Kun Yng enterprises (Taiwan).

Natural Language
Developer of an English-like interface to software application programs. The company was acquired by Microsoft (Nasdaq: MSFT).

Netpower
Developer of network servers for the Windows NT environment.

Network Elements
Developer of optical networking solutions for the core, metropolitan, edge, server and test market.

Nuance Communications
Developer of speech recognition, language understanding, and speaker verification software to automate access to information and services over the phone. The company (Nasdaq: NUAN) completed a $76.5M IPO.

Octel Communications
Developer of modular voice-processing systems for large corporations. The company completed a $14.7M IPO, and was later acquired by AT&T (NYSE: T).

Open Harbor
Provider of realtime global trade services.

Park Scientific Instruments
Developer and manufacturer of scanning probes. The company was acquired by Thermo Electron Corporation.

Performance Semiconductor
Producer of CMOS static RAMs, microprocessors, and logic parts.

Personify
Developer of electronic business software that enables companies to measure and analyze customer-focused profitability metrics.

Pictos Technologies
Provider of digital imaging products. The company was acquired by ESS Technology (Nasdaq: ESST).

Plus Logic
Developer of programmable logic devices. The company was acquired by Xilinx.

PMC-Sierra
Developer of CMOS VLSI standard and ASIC IC's, based on "triple technology" which combines analog, digital, and eeprom functions on same chip. The company completed a $32M IPO.

Polimetrix
Provider of polling data and analytics. Aquired by YouGov (LSE:YOU) in 2007

Portola Communications
Developer of Internet and intranet software for improving overall performance of operating systems. The company was acquired by Netscape (Nasdaq: NSCP), which was in turn acquired by AOL Time Warner (NYSE: TWX).

PostX
Provider of secure Internet communication solutions. Aquired by IronPort in 2006.

Rainfinity
Provider of continuous availability software for business transactions over the Internet. The company was acquired by EMC Corp. (NYSE: EMC).

Rasna
Developer of software tools for mechanical engineering design. The company was acquired by Parametric Technology.

Ready Systems
Producer of software development environments for real time embedded systems; operating systems; silicon S/W components for 8,16,32-bit microprocessors. The company merged with Microtec Research.

Red Brick Systems
Supplier of relational database products and service for data warehouse applications. The company completed a $32.4M IPO, and was later acquired by Informix, now part of IBM (NYSE: IBM).

Remedy
Developer of network management systems software. The company completed a $41M IPO.

Seriosity
Provider of gaming technologies for corporate applications.

Sunrise Test Systems
Developer of automatic test generation, design, and verification software. The company was acquired by Viewlogic.

Sunward Technologies
Manufacturer of Winchester disk drive magnetic recording heads and assemblies. The company merged with Computers & Communication Technology and was later acquired by Read-Rite.

Syntelligence
Developer of expert systems software products for the financial services industry and banking and insurance.

Therma-Wave
Developer of a thermal-wave, nondestructive wafer inspection system for the semiconductor industry. The company (Nasdaq: TWAV) completed a $180M IPO.

Tricom Automotive Dealer Systems
Manufacturer of computer systems order scheduling automotive dealer repair shops and automotive dealership service department turnkey computers.

Ultron Labs
Producer of data security and cryptographic devices, and very high speed encryption chips based on a new NSA-approved standard. The company was acquired by Tracor Corporation.

Wireless Security
Provider of patent-pending security technology and redundant 24x7 Security Operations Centers - allowing business customers to securely access their wireless networks. The company was acquired by McAfee, Inc. (NYSE: MFE).

Life Sciences

Abaxis
Manufacturer of pocket sized multi tester analyzer for patient-side testing for physicians. The company (Nasdaq: ABAX) completed a $23.9M IPO.

Adeza Biomedical
Provider of medical technology products for women's healthcare. Acquired by Cytyc Corporation in 2007

Adiana Manufacturer of a proprietary, non-surgical device for in-office female sterilization procedures.

Aspira Biosystems
Developer of synthetic capture agents and for proteomics. The company was acquired by Nanomune.

Biometric Imaging
Developer of in vitro cellular analysis systems for the hospital and reference laboratory markets. The company was acquired by Becton Dickinson and Company (Nasdaq: BDX).

Biosurface Technology
Provider of human skin technology for treatment of burn victims. The company completed a $30.0M IPO and was later acquired by Genzyme.

Camitro
Developer of technology to help predict the pharmacokinetic properties of drugs. The company was acquired by ArQule (Nasdaq: ARQL).

Chemtrak
Producer of diagnostic kits & non-instrumented quantitative tests. The company completed a $26mm IPO.

Chimeric Therapies
Developer of bone marrow graft engineering to expand the use of safe and effective cellular grafts tailored to treat and cure diseases of the immune system and blood system. The company sold its assets to ArQule (Nasdaq: ARQL).

CBYON
Developer and marketer of software-based systems that allow surgeons to perform procedures less invasively and with greater precision. The company was acquired by General Electric.

CV Therapeutics
Biotechnology company developing novel therapeutics for cardiovascular disease. The company completed an IPO raising $14M.

Firstcare
Operator of minor emergency clinics. The company was acquired by Access Healthcare/Davies Medical Network.

Fusion Medical Technologies
Manufacturer of collagen patches. The company completed a $27.3M IPO and was later acquired by Baxter (NYSE: BAX).

Genta
Developer of anti-viral and anti-cancer drugs based on anti-sense technology. The company raised a $25m IPO.

Idec Pharmaceuticals
Producer of antibody-based treatment for lymphoma. The company completed an IPO and later merged with Biogen (Nasdaq: BIIB).

Idetek
Provider of diagnostic tests for food and agriculture. The company was acquired by Idexx Labs (Nasdaq: IDXX).

Integrated Biosystems
Developer of enabling technologies that increase the efficiency and capacity of biopharmaceutical manufacturing. The company was acquired by Stedim S.A. (Paris: STDM.PA).

Lynx Therapeutics
Provider of genetic analysis tools for biological research. The company (Nasdaq: LYNX) completed an IPO.

Metra Biosystems
Provider of diagnostics for bone/cartilage diseases. The company completed a $30M IPO and was later acquired by Quidel (Nasdaq: QDEL).

Neocrin
Researcher and developer of a minimally invasive, encapsulated cellular transplant device for the treatment of diabetes. The company sold its assets to Novocell.

Occupational Health & Rehabilitation
Manager of outpatient occupational medical clinics. The company completed a reverse merger with Telor Opthamalic Pharmaceuticals.

Pharmacyclics
Developer of treatments for certain cancers, cardiovascular diseases, and other disorders utilizing small molecules that bind metals to capture and focus forms of energy used in a variety of medical applications. The company (Nasdaq: PCYL)completed a $25.8MM IPO.

Pharsight
Developer of integrated products and services that help pharmaceutical and biotechnology companies improve the drug development process. The company (Nasdaq: PHST) completed a $30M IPO.

Sapient Health Network
Provider of direct online access to information concerning disease-specific patient groups. The company was acquired by WebMD.

Telor Pharmaceuticals
Producer of ophthalmic pharmaceuticals to treat chronic eye diseases. The company completed a $20mm IPO and later merged with Occupational Health and Rehabilitation, Corp.