DEMO Alumni Launch New Products and Raise $49.5 Million; A Round Up of February’s DEMO Demonstrator News
SOUTHBOROUGH, MA – March 3, 2088 – Just a few weeks after DEMO 2008, recent and past demonstrators announced ground breaking news for the technology industry. DEMO alumni milestones and successes are continually tracked through the Tech Perspectives blog and DEMOtracker. This month alumni from as far back as 2001 continued to make headlines with technology success.
"In this economy and climate it is impressive to see that DEMO alumni are continuing to innovate and deliver on their early product promises," said Chris Shipley, product analyst and executive producer of the DEMO conferences. "One thing that each of the demonstrating companies have in common is a commitment to continually break new ground and challenge the market with innovative ideas that truly solve problems, both big and small."
In February, several companies announced new milestones including:
— Blist ( http://www.demo.com/demonstrators/demo2008/124653.html )
(DEMO 2008) reported closing $6.5 million in Series A financing led by
Frazier Technology Ventures and Morgenthaler Ventures. The company
has set out to create the "world's easiest database" enabling
non-technical people to work with data as if they had a full IT staff.
— Flypaper Studio
( http://www.demo.com/demonstrators/demo2008/124653.html ) (DEMO 2008)
announced the closing of a $3 million Series A round just a few weeks
after winning a DEMOgod award. The round comes from Sierra Ventures
and SCF Arizona. The Flypaper rich media application lets anyone
create, edit and share Flash-quality interactive stories on the Web.
— Adobe ( http://www.demo.com/demonstrators/demo2007/91259.html )
(DEMO 2007) announced the availabilities of AIR and Flex 3, which
combine the real-time, dynamic capabilities of the Web with the
computing power and data features of the desktop computer. New
applications with Adobe Flex and deployed on AIR include Adobe Media
Player and Buzzword. AIR and the AIR software development kit are
available now as well as the Flex 3 product line as a stand-alone or
Eclipse plug in.
— JotSpot ( http://demo.com/demonstrators/demo2005/54168.html)(DEMO@15 )
was re-launched as Google Sites, part of the Google
Apps hosted collaboration and communication suites. The company was
acquired in 2006. JotSpot delivered a flexible framework that enabled
business people to create custom applications.
— Teneros ( http://www.demo.com/demonstrators/demo2005fall/55112.html )
(DEMOfall 2005) announced $40 million in late-stage funding
led by Advanced Equities Inc. The company has raised a total of $84.5
million and plans to use this round to "cement its leadership in the
market." The company's Application Continuity e-mail appliances aim to
ensure 24×7 operation of mission-critical applications, with the goal
of 99.99 to 99.999% uptime for businesses running Microsoft Exchange.
— Danger ( http://www.danger.com/press/pr.php?cat=2008&id=20080211 )
(DEMOmobile 2001) announced that Microsoft has "entered into
an agreement to acquire Danger, Inc." Danger and its software
platform were used to run the Sidekick and its devices have connected
with the younger generation as well as the Hollywood set.
Up-to-date news on past demonstrators can be found on the Tech Perspectives blog at http://www.demo.com .
Note to editors: This is one in a series of news alerts informing media of the ongoing successes of DEMO companies. News alerts will be issued every four to six weeks.
About the DEMO Conferences
Produced by Network World Events and Executive Forums, the semi-annual DEMO conferences focus on emerging technologies and new products, which are hand-selected from across the spectrum of the technology marketplace. The DEMO conferences have earned their reputation for consistently identifying tomorrow's cutting-edge technologies, and have served as launch pad events for initial products from companies such as Palm, E*Trade, Handspring, TiVo, Skype, Half.com, U.S. Robotics, salesforce.com and WebEx, helping these companies secure venture funding, establish critical business relationships, and influence early adopters. Each DEMO conference features approximately 70 new products, technologies and services from companies both new and established. For more information on the DEMO conferences, visit http://www.demo.com/ .
The DEMO community also benefits from the award winning DEMOletter. A weekly e-newsletter designed to reach the people who are creating companies, building products and launching new ideas, DEMOletter provides smart insight and analysis of entrepreneurial business issues.