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Kashya Ltd. Announces First Round of Funding from Leading US and Israeli
Investors July 1, 2001: Ramat Gan based start up Kashya announced today that Battery Ventures and Jerusalem Global Ventures have invested $3 million. Kashya is developing next generation technology for storage communications. Their mission is to be the enabler and market leader of effective remote storage by extending the functionality of local storage to the world of WAN distributed storage. Micah Avni, partner at Jerusalem Global Ventures, remarked: "Kashya's vision and unique technologies will revolutionize storage over the WAN. We are excited to be working with such a talented and vibrant group of entrepreneurs." Scott Tobin, general partner at Battery Ventures, stated: "I am confident that Kashya's technology will play a critical role in the next generation of storage networking infrastructure." About Battery Ventures: About Battery Ventures: Battery Ventures is one of the world's largest venture capital firms specializing in early stage technology investments. With a team of over 50 experienced professionals, Battery leverages its bandwidth, industry expertise, and capital to actively guide emerging technology companies to category dominance. Since 1983, the firm has invested worldwide in over 130 companies across the communications, software and Internet/e-Business industries. From its offices in Wellesley, MA and San Mateo, CA, the partnership manages over $1.8 billion in committed capital. For more information, visit www.battery.com About Jerusalem Global Ventures: Jerusalem Global Ventures (JGV) is a $200 million group of early stage venture capital funds, focused on telecommunications, Internet-enabling technologies and medical devices. JGV's partners have proven track records in building and managing successful high technology enterprises, and JGV's investors include many of the world's leading hi-tech companies and financial institutions, as well as individual executives from premier companies. JGV's investors include: America Online, NDS, Comverse, Telecom Italia, Agilent Technologies, Motorola, Conexant, Bausch & Lomb, and others. Jerusalem Global Ventures has offices in Israel and the United States. Back to Press Releases |
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