SafeView Receives B Round Funding.SANTA CLARA, Calif. -- SafeView, Inc., a leading provider of personnel screening technology, announced today that it has secured $16 million in Series B financing from a group of investors led by Paladin Paladin archetypal gunman who leaves a calling card. [TV: Have Gun, Will Travel in Terrace, I, 341] See : Wild West Capital Group. SafeView has breakthrough technology that solves the growing threat presented by non-conventional weapons and contraband that are undetectable by current metal detection systems, such as plastic guns, ceramic knives, explosives strapped to the body, and other unconventional contraband. Using breakthrough millimeter wave technology developed by the renowned Battelle Labs, Safeview can detect and reveal the presence of such dangerous material to security personnel in real time and in a non-intrusive basis. Paladin Capital Group, through its Homeland Security Fund, specializes in homeland security and anti-terrorism technologies. The firm's distinguished management includes former directors of the CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). and NSA NSA abbr. National Security Agency Noun 1. NSA - the United States cryptologic organization that coordinates and directs highly specialized activities to protect United States information systems and to produce foreign and a former deputy director of the Defense Advanced Research Projects Agency Defense Advanced Research Projects Agency (DARPA), U.S. government agency administered by the Department of Defense (see Defense, United States Department of). (DARPA DARPA: see Defense Advanced Research Projects Agency. (Defense Advanced Research Projects Agency) The name given to the U.S. Advanced Research Projects Agency during the 1980s. It was later renamed back to ARPA. ). Joining Paladin as new investors in this round are Novak Biddle Venture Partners, a leading early stage venture firm located in Washington D.C., and Battelle Ventures. Existing Series A investors, Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. and DFJ DFJ Dysfunkshun Junkshun (Austin, Texas band) ePlanet Ventures, which co-led the Series A round, also participated along with Stanford University and InVision Technologies. InVision's participation in the round is part of the on-going strategic relationship between SafeView and InVision, with InVision holding exclusive system distribution rights for the aviation security market. As part of the Series B financing, Niloo Howe, Principal at Paladin Capital Group and Jack Biddle, General Partner and co-founder of Novak Biddle, will join the company's Board of Directors. The funds will be used to begin production and sales of SafeView's unique portal system portal system: see circulatory system. . "We are greatly pleased with the caliber of our investment partners," stated Rick Rowe, President and 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. of SafeView. "We are particularly excited about having Paladin and Novak Biddle, two highly respected Washington, D.C. based investment groups who are considered leaders in funding new companies in the global Homeland Security market. We appreciate their confidence in our system and its unique technology as part of the solution making the world a safer place." "What we found attractive is that this technology has the potential to provide enhanced security in any location where large numbers of people gather," stated Niloo Howe, Principal at Paladin. "The company's early market tests have shown that the system provides the capability to effectively screen people in a non-intrusive way as they enter into buildings, be they government or commercial." SafeView holds an exclusive license to commercialize this patented and unique technology from Battelle, which manages the Pacific Northwest National Laboratory The Pacific Northwest National Laboratory (PNNL) is one of nine United States Department of Energy (DOE) multiprogram national laboratories. The laboratory PNNL is located in Richland, Washington, and operates a marine research facility in Sequim, Washington. (PNNL PNNL Pacific Northwest National Laboratory ) for the Department of Energy. The system is derived from a three-dimensional holographic See holographic storage. imagery technology program that was established at PNNL, and was eventually funded by the FAA as a key emerging technology for screening people passing through airports. SafeView was founded by Mike Lyons and renowned inventor Mir Imran in 2002 and was incubated at Imran's InCube facility in Menlo Park. For further information, contact Rick Rowe, at 408-961-3690 or rick@safe-view.com. Investor Company Summaries: Paladin Capital Group (Homeland Security Fund) Headquartered in Washington, D.C., Paladin Homeland Security Fund, L.P. invests in enterprises whose principal business centers on products and services that address homeland security issues and needs. The Fund's first priority will be to invest in existing companies with immediate solutions designed to prevent harmful attacks, defend against attacks, cope with the aftermath of attack or disaster and recover from terrorist attacks and other threats to homeland security. For more information see www.paladincapgroup.com. Novak Biddle Venture Partners Based in Bethesda, Maryland, Novak Biddle Venture Partners was established in 1997 to provide equity financing and assistance to the management of young, information technology companies. NBVP NBVP North Bridge Venture Partners (Massachusetts) is backed by a number of the country's most prestigious limited partners, and has over $350 million under management. For more information see www.novakbiddle.com. Draper Fisher Jurvetson Draper Fisher Jurvetson, a premier early stage venture capital firm, was founded in 1985, DFJ has created a global network of affiliated venture funds with approximately $3 billion in capital commitments and offices in the major technology centers around the world. Headquartered in Silicon Valley, the firm has proven expertise in identifying and helping extraordinary entrepreneurs who want to change the world. For more information see www.dfj.com. Battelle Ventures Battelle Ventures, L.P., is a $150-million fund established last year to principally, but not exclusively, create new or support existing early-stage companies that can materially benefit from technologies that emerge from Battelle Memorial Institute The Battelle Memorial Institute is a private not-for-profit applied science and technology development company headquartered in Columbus, Ohio. The institute opened in 1929 but traces its origins to the 1923 will of Ohio industrialist Gordon Battelle which provided for its and the National Laboratories that Battelle manages or co-manages for the U.S. Department of Energy. SafeView is the first company to receive Battelle Ventures' funding. For more information see www.battelleventures.com. Pacific Northwest National Laboratory and Battelle Science and Technology International Pacific Northwest National Laboratory (PNNL) is a Department of Energy (DOE) facility in Richland, Washington that solves complex problems in energy, national security, the environment and life sciences by advancing the understanding of physics, chemistry, biology and computation. Battelle has managed the laboratory for DOE since its inception in 1965. Battelle is a global science and technology enterprise that develops and commercializes technology and manages laboratories for customers. Headquartered in Columbus, Ohio, Battelle has a vast science and technology reach. With the national labs they manage or co-manage, Battelle oversees 16,000 staff members and conducts $3 billion in annual research and development. For more information about PNNL see www.pnl.gov and Battelle at www.battelle.org. InVision Technologies InVision Technologies was founded in 1990 to enhance airport security and increase public safety by using Computed Tomography (CTX CTX Context (Management; Tandem) CTX Centex Corporation (stock symbol) CTX Centrex CTX Cyclophosphamide CTX Corporate Trade Exchange CTX Cytoxan CTX Cholera Toxin CTX Clinical Trial Exemption ) technology to detect explosives and is the leading provider of advanced explosives detection systems (EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. ) for the aviation industry. In 1997, InVision obtained Quantum Magnetics, Inc. which was founded in 1987. Quantum specializes in electromagnetic anomaly detection, magnetic resonance and quadruple resonance. InVision's YXLON develops x-ray based NDT NDT Newfoundland Daylight Time systems for a wide range of industrial applications. For more information about InVision, see http://www.invision-tech.com. |
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