WASHINGTON STATE

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Washington Technology Center News Winter 2006

The WTC News provides timely information on WTC programs, events and initiatives.

2 Seattle companies successful in 2nd round of financing of over $20 Million. CallVision bought by VeriSign in $30 million deal

Pure Networks and thePlatform have raised substantial capital to expand their businesses in two hot consumer areas.

A history of Seattle venture capital

"It was very interesting. A lot was going on,"

Laid-off sawmill workers fear life after Weyerhaeuser

The company’s Cosmopolis pulp mill is scheduled to close some time in 2006, displacing 245 workers. Gov. Christine Gregoire, legislators and local leaders are trying to find a buyer.

The Alliance of Angels in the Puget Sound area says 20 startups raised $7 million

"It’s a testament that there’s better entrepreneurs and better companies and better angels more willing to make investments."

Revenue Science of Bellevue, Washington pulls in $24 million from investors. Technology helps track consumers’ online habits

Total financing in the privately held company now stands at more than $70 million. Investors include Mayfield, Mohr Davidow Ventures, Integral Capital Partners, Second Avenue Partners and others.

Seattle-based chip-builder Impinj to announce $26.5 million capital-funding deal

Instead of manually scanning barcodes, as retailers do today, the technology allows a pallet of boxes bearing RFID chips to pass through a warehouse reader to instantly reveal content information.

The bet is paying off.

Light Sciences gets heavier with venture capital. $67 million funding is largest in Washington State so far this year

Light Sciences Oncology will use the money to initiate Phase III clinical trials for brain cancer and colorectal cancer that spreads to the liver.

Angel investors put up $5 million to play with Big Fish Games

Big Fish was the second-fastest-growing online gaming site in the United States in October, and its 2.4 million unique visitors for the month put it in the top 10 of all gaming sites, according to ComScore Media Metrix.

World Wide Packets (Spokane) gets $25.5 million in venture capital and gained two new investors, one of them wireless pioneer Craig McCaw.

The company, based near Spokane, is building systems that help phone and cable carriers upgrade their copper-based telecommunications networks to ones that use fiber optics and Ethernet software.