Product and market developments continue apace at these 10 companies, which are operating off funding rounds received more
than 12 months ago or on revenue.
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Boingo Wireless
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Selected in 2002. |
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Service that allows coast-to-coast access to a wireless network created out of various 802.11 hot spots. |
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A $5 million second round closed in February 2002, bringing total funding to $20 million.
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Update: Forged agreements with 25 hot spot operators, giving it connectivity at more than 1,200 airports, cafes, hotels and other
locations; enhanced laptop software to improve performance; rolled out PocketPC and Mac versions; reduced the price of its
Boingo Unlimited service subscription to $49.95.
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Bowstreet
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Selected in 2000. |
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Web development software based on automation technology, XML and directory services. |
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No additional funding since November 2000.
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Update: Latest products include the Portal Automator 2.0 and the Portlet Factory for IBM WebSphere portal development tools.
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Ecora
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Selected in 2001. |
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IT risk management software. |
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Officially still in funding mode, but doesn't expect to require additional financing.
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Update: Grew customer base in 2002 by 25% (300 customers).
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GiantLoop Network
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Selected in 2001. |
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Managed data center services. |
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No new funding reported as of April 2002.
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| Update: Ended 2002 with 65 customers, including JPMorgan Chase and Mellon Financial, and a 230% increase in year-over-year annual
revenue.
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Groove Networks
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Selected in 2001. |
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Decentralized desktop collaboration software. |
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A $38 million fifth round in March 2002, bringing total funding to $155 million.
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Update: Also in March, Groove, which is now 20% owned by Microsoft, restructured and eliminated 58 positions, or 20% of its workforce;
latest product is Groove Workspace 2.5.
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Intelliden
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Selected in 2002. |
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Automated IP device management software. |
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No additional funding reported since April 2002.
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Update: Enhanced its product with security and other features; moved R-Series software into beta tests with a variety of Fortune
500 customers; currently operating off revenue.
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Procket Networks
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Selected in 2001. |
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No additional funding reported since April 2002. |
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An array of high-performance IP routing devices for access, edge and core applications.
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Update: Announced availability of its long-awaited high-end routers, the Pro/8000 series, in early April. Last November partnered
with three of Japan's leading network integrators to market and support its IP products in Japan; moved array into trials
with 15 to 20 global carriers.
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Quantum Bridge Communications
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Selected in 2000. |
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Passive optical access network technology. |
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No additional funding reported since April 2001.
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Update: Withdrew an IPO registration in June 2001 because of "poor market conditions," but industry watchers still consider Quantum's
technology a winner, particularly for cable companies.
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Redline Networks
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Selected in 2002. |
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Web acceleration appliances. |
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No additional funding reporting since April 2002.
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Update: This year, Redline has added the E/X 3250 Enterprise Web I/O Accelerator, a Layer 7 data center appliance the comapny says
enables SSL security, accelerates application transaction performance and enables existing equipment to handle greater transaction
capacity with increased reliability.
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Sitara Networks
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Selected in 1998. |
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Quality-of-service appliances and management software. |
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A $23 million round closed in February 2002.
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Update: Sitara plans to be cash-flow positive in the first half of 2003; stands alone among start-ups profiled in 1998 not to have
been acquired.
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Key:
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= Year named to 10 to watch list |
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= Product/ services |
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= Financial information |
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