alarm:clock

Peripherals - Tuesday, August 30, 2005

Canesta - Profile

canesta-logo.gif

HQ: San Jose, CA

Founded: April 1999

Management: Charlie Shavloy is President & CEO. He previously ran some hard-core companies including Nitronex which creates radio frequency power transistors with gallium nitride RF power semiconductor process; Conductus - now Superconductor Technologies; and Therma-Wave, a manufacturer of semiconductor production equipment.

Investors: In August 2005, Canesta raised $12M in Series C-1. Previous investments totalled $36M. Investors include: Apax Partners, Carlyle Venture Partners, Intel Capital, JP Morgan Partners, Korea Global IT Fund (KGIF), TechFund Capital, Thales Corporate Ventures, and Venrock Associates.

Business Model: The goal of Canesta's electronic perception technology is to make it possible for devices from PDAs, cell phones, or games, to vehicle control, airport security, or national security-class applications, to be able to perceive objects and features in the nearby environment so that ID is practical. Canesta's current target markets are automotive and security. The company makes money by selling a developers tool kit - that includes semiconductors, an API and sensors - to third parties. The kit sells for $7500. Canesta also markets a virtual keyboard that it brought to market with partners. It has been on the market for several years and has seen very limited uptake.

canestavision.jpg

Competitors: Numerous smaller companies. View this list from the Machine Vision Online show. http://www.robots-vision-show.info/robots_vision_show_info.html

Dirt: Canesta is a surviver. It has been long on promise and short on sales for the past 7 years. It's virtual keyboard struck out so it is looking to security and automobile industries to manufacture some runs. Indeed big dollars are flowing into new security applications that could take advantage of Canesta's technology. Nevertheless, we have seen so many of these skunk works technologies in search of markets that we are sceptical.

Nitronex is far from a "hard core" company. They have never had a sale of a device and they've raised over $45M. If you really look at the track record of Savloy he has done pittance. The only thing he did for Nitronex was to ink a $5M deal with International Rectifier for some technology. IR is very unhappy because Nitronex never delivered.

Posted by: Dale Dunsen at June 1, 2006 10:24 AM

sildenafil citrate http://beam.to/sildenafil-citrate/ buy citrate sildenafil http://beam.to/buy-citrate-sildenafil/ citrate generic sildenafil http://beam.to/citrate-generic-sildenafil/ citrate sildenafil tablet http://beam.to/citrate-sildenafil-tablet/ Sildenafil citrate http://sildenafil.myfreeforum.org/

Posted by: sildenafil citrate at July 3, 2006 10:42 AM

Post a comment




Remember Me?


More Recent Articles

ThumbGSI Technology Is Synonymous With Profits

Wednesday August 27, 2008

Today's slight increase in the market is what we expected for the entire month. Get a little gain, give a little of the gain back. While the folks at tech:stocker would have liked a little more strength in today's market up tick, small gains are sti... Full Story

ThumbAd Network Band Plays On With Brand.net and Jumptap

Wednesday August 27, 2008

Mobile Advertising's Jumptap Raised $26M while Brand.net raised $10M, continuing the theme that digital advertising remains one of the favorite themes for venture investors. Cambridge, MA-based JumpTap raised its Series D funding led by AllianceBern... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet