(RIMM) Dejima Secures Over $23 Million in Venture Funding From CMGI @Ventures, InfoSpace and RIM.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 26, 2000 New Software Platform Enables Companies to Improve User Interaction with Services and Devices Dejima Inc., a software infrastructure start-up, today announced that it has received $23.25 million in Series B funding, led by CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) @Ventures, the venture capital affiliate of CMGI, Inc. (Nasdaq:CMGI), and Toronto-based Serafini Capital. Previous investors Mitsubishi Capital and Sonera Corporation (Nasdaq:SNRA SNRA Sawtooth National Recreation Area (Idaho) SNRA Swedish National Road Administration SNRA Système National de Recherche Agricole ) have reinvested and are joined by other investors including InfoSpace Venture Capital Fund (Nasdaq:INSP INSP Inspection INSP Inspector INSP Inspect INSP Inspirational Network INSP Institut des Nanosciences de Paris (French) INSP International Nuclear Safety Program INSP International Network on Strategic Philanthropy ) and Research In Motion Ltd. (Nasdaq:RIMM (Rambus Inline Memory Module) See RDRAM. See also RIM. , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :RIM). Lior E. Yahalomi, managing partner of CMGI @Ventures Technology Fund (from which the firm's investment flows), will join Dejima's board of directors. Dejima's technology enhances the end-user experience by making it easier to interact with devices and services. "By enabling the creation of robust, intuitive and scaleable natural language interfaces, Dejima's technology will help realize a long sought-after goal in software development," said Lior E. Yahalomi, managing partner of CMGI @Ventures Technology Fund. "We see great opportunity for this technology to be integrated across the CMGI and CMGI @Ventures network and throughout the wired and wireless Internet at large," said Yahalomi. Dejima intends to use this funding for business expansion into select markets including the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Japan, and to conduct further research and development around its core technology product. "We are pleased to welcome investors like CMGI @Ventures, InfoSpace, RIM and Sonera to this round of funding," said Christopher Savoie, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and co-founder of Dejima, Inc. "These companies recognize that we offer a platform that content developers, device manufacturers and service providers can use to fundamentally improve the end-user experience," said Savoie. Core Technology and Methodology Dejima licenses a software engineering platform that enables companies to create natural language interfaces for their devices and services. In contrast to speech and legacy natural language approaches, the Dejima architecture -- not the developer -- handles network complexity among objects and components, so that developers can more quickly design new applications. Dejima's technology is grammar and language-independent, enabling developers to rapidly and easily translate their applications to other languages, including Chinese and Japanese, for faster deployment to new markets. Today's news comes after the announcement of Dejima's Series A round of financing in February 2000. Investors included Sonera Corporation and Mitsubishi. About Dejima Dejima was formed to enable leading content companies, hardware device manufactures and service providers to develop products and services that allow intuitive, flexible and direct end-user interaction. Unlike speech and legacy natural language companies, Dejima provides a global, highly portable grammar and language independent software engineering platform. About CMGI and CMGI @Ventures With more than 70 companies, CMGI, Inc. (Nasdaq:CMGI) represents the largest, most diverse network of Internet businesses in the world, including both CMGI operating companies and synergistic investments made through its venture capital affiliate, CMGI @Ventures. CMGI leverages the technologies, content and market reach of its extended family of companies to foster rapid growth and industry leadership across its network and the larger Internet Economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI. CMGI's majority-owned operating companies include Engage Technologies (Nasdaq:ENGA), NaviSite (Nasdaq:NAVI), 1ClickBrands, 1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGion, CMGI Solutions, Equilibrium, Flycast, iCAST, MyWay.com, NaviPath, SalesLink, Tribal Voice
CMGI's corporate headquarters is at 100 Brickstone Square, Andover, MA 01810, Tel: 978/684-3600. CMGI @Ventures has offices there as well as at 3000 Alpine Road, Menlo Park, CA 94028. For additional information and a complete listing of the CMGI and CMGI @Ventures companies, see http://www.cmgi.com and http://www.ventures.com. |
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