Tag Archives: Innovator

Travel Innovator Hipmunk Raises $15M from IVP and Existing Investors

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San Francisco, CA (PRWEB) June 12, 2012

Hipmunk, the travel site taking the agony out of travel planning, today announced that the company has closed a $ 15 million Series B financing round led by Institutional Venture Partners (IVP). Todd Chaffee, General Partner at IVP, will join Hipmunks board of directors. Existing angel investors and the Series A lead, Ignition Partners, also participated in the round.

“IVP has a highly successful 31 year track record of investing in innovative technology and travel companies, said Adam Goldstein, CEO and co-founder of Hipmunk. “Were very excited to work with IVP, and Todd in particular. He brings tremendous experience, relationships and strategic sense to our crazy, competitive industry.

Todd had led venture capital investments in well known companies such as Twitter, HomeAway, Living Social, Netflix, Omniture, ComScore, Ariba, Verisign and Yahoo.

Hipmunk is widely popular with a highly enthusiastic base of users and has over one million mobile application downloads to date. The company is quickly establishing itself as an emerging leader in the competitive online travel world. The capital will be used to fund major product launches and scale the workforce to support new product initiatives.

“At IVP, we seek to invest in companies with superior technology and innovative products targeting large markets, said IVP’s Todd Chaffee. “Hipmunk is exactly that type of company. They have a brilliant, energetic management team that is developing fantastic new services for travelers around the world.

The Hipmunk site launched in August 2010 with advanced visual flight search technology. The company recently launched map-based hotel search and award-winning mobile applications for Android and iOS. Hipmunk also has calendar integration for hotel and flight search on both the desktop and mobile applications.

Founded in 1980, IVP is widely respected as one of the top performing venture capital firms in the world. The firm has more the $ 3 billion in capital under management.

Hipmunk is headquartered in San Francisco and will be doubling its employee base this year.

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About Hipmunk

Hipmunk is a travel site bringing the fun back to travel by taking the agony out of hotel and flight search. With its superior user experience, breadth of travel options and innovative Agony and Ecstasy sorts, Hipmunk allows travelers to select the best travel options at a glance. Flight results are displayed in a visual timeline and hotel results on a map with the ability to overlay unique, city-specific heatmaps.

Hipmunk is one of TIME Magazines 50 Coolest Websites, TIME Magazines 50 Best Smartphone Apps, Travel + Leisures Best Websites of 2011, Budget Travels Top 10 Most Useful Websites, and Inc.s Best Booking Website. Co-founders Adam Goldstein and Steve Huffman were named to Bloomberg BusinessWeeks Top Tech Entrepreneurs, Forbes 30 Under 30 and Inc.s 30 Under 30 lists. The company launched in 2010, is based in San Francisco, and has funding from Ignition Partners, Y Combinator, SV Angel, Webb Investment Network, Quest Hospitality Ventures, and several angel investors.

For more information, to book your next flight or hotel, and to download the iOS or Android application, please visit http://www.hipmunk.com

About Institutional Venture Partners (IVP)

With $ 3 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. The partnership is currently investing IVP XIII, a $ 750 million later-stage fund focused on investments in rapidly growing technology and media companies. Founded in 1980, IVP has invested in over 300 companies, 90 of which have gone public. IVP is one of the top performing firms in the industry and has a 31 year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight, Aspect Communications, ComScore, Concur Technologies , Digital River, Dropbox, HomeAway, Juniper Networks, LegalZoom, LivingSocial, MySQL, Netflix, Polycom, Seagate, Shazam, Synchronoss, Tivo, Twitter, and Zynga. For more information, visit http://www.ivp.com or follow IVP on Twitter: http://twitter.com/ivp.

Media Contact

Jacqueline Tanzella, Director PR Hipmunk

Jacqueline(at)hipmunk(dot)com

415-794-1118







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Zvi Or-Bach, CEO of MonolithIC 3D Inc., Selected as Top Embedded Innovator Silicon by Embedded Computing Design Magazine

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San Jose, CA (PRWEB) June 13, 2012

Embedded Computing Design announced that MonolithIC 3D Inc.s Founder and CEO, Zvi Or-Bach, has been selected as 2012 Top Embedded Innovator for “breakthrough techniques that enable the fabrication of 3D semiconductor device using conventional fabrication equipment”. The award was announced in the magazines June edition. MonolithIC 3D Inc. was previously chosen as a Finalist of the Best of Semicon West 2011 in recognition of its financial impact on the industry, engineering or scientific achievement, and/or societal impact. Zvi Or-Bach contributed to the invention of the first structured ASIC architecture, the first single via programmable array, and the first laser-based system for one-day gate array customization, was noted in the article.

We are very pleased with the magazine choice of the monolithic 3D for the top innovation in the Silicon category. As dimensional scaling is now at the pivotal point of escalating costs and on chip interconnect delays, there is clear need for innovation, says Or-Bach. We believe that the emerging trend of 3D IC technology and more so the development of monolithic 3D technology will augment dimensional scaling in maintaining and accelerating the historical trend of improvements of electronic products.

MonolithIC 3D has innovated practical technologies to process multiple tiers of circuits with vertical connectivity comparable to horizontal connectivity. The technology utilizes thin layers (

In the next 10 years we expect to see rapid growth in wireless communication, especially in the Internet of Things, says Or-Bach. Some applications will become mission-critical, such as autonomously driven vehicles and accident-avoidance systems. 3D ICs will offer a new architectural paradigm, such as ultra-low-power systems and ultra-high integration, for embedded computing designs.

Zvi has been innovating and creating value for decades, and has stepped it up to another level with his breakthrough contributions to the semiconductor industry through MonolithIC 3D Inc., said Brian Cronquist, VP of Technology & IP at MonolithIC 3D Inc. The monolithic 3D breakthroughs have been applied to memory, such as DRAM and NVRAM, as well as to optoelectronics and eDRAM monolithically integrated with high speed logic.

Zvi Or-Bach is a well-known serial entrepreneur. He founded eASIC in 1999 and served as the company’s CEO for six years. eASIC was funded by leading investors Vinod Khosla and KPCB in three successive rounds. Or-Bach also founded Chip Express in 1989 (recently acquired by Gigoptix) and served as the company’s President and CEO for almost 10 years, bringing the company to $ 40M revenue and to an industry recognition for three consecutive years as a high-tech Fast 50 Company that served over 1000 ASIC designs, including many one-day prototypes and one-week production delivery. In 2009 he founded and incorporated MonolithIC 3D Inc., a company that developed and patented a technology breakthrough for practical monolithic 3D-ICs.

About MonolithIC 3D Inc.

MonolithIC 3D Inc. has more than 50 issued and pending patents on the technology, design and architecture of monolithic 3D-ICs. The company has pioneered single crystal silicon based monolithic 3D-ICs for logic, memory and optoelectronic applications. Its business model involves licensing technology to existing semiconductor manufacturers. Further information about MonolithIC 3D Inc., including detailed technical information, can be found at its website http://www.monolithic3d.com.







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Colortrac, the Leading Innovator in the Field of Wide Format Scanning Technology, Announce the Launch of Their New High Speed SmartLF SC 42 Large Format Production Scanner

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(PRWEB) June 17, 2012

The SmartLF SC 42 wide format scanner has been designed with many new and productive innovations to meet the needs of high volume scanning users in AEC, CAD, GIS and Copyshop or Service Bureaus.

Commenting on the new scanning technology, Peter Brown Colortrac Executive Director said The new SingleSensor digital imaging technology for the SmartLF SC 42 wide format scanners is an important new Colortrac invention. The SingleSensor is a single full width 42 inch array of Contact Imaging Sensors (CIS) that are housed in a robust structure and pre-aligned, giving higher optical quality and improved match between sensors. The full width SingleSensor has 50,400 pixels giving it an optical resolution of 1200dpi and a maximum scanning resolution of 9600dpi. It also uses a bi-directional white LED lighting system that optimises the illumination of the scan object whilst giving an Instant-on response. This lowers power consumption as the lights are only on whilst scanning and eliminates the effects of shaded areas caused by creases or folds in the original documents.

The SmartLF SC 42 is capable of scanning monochrome documents at 13 inches/sec and color at 6 inches/sec. To improve the document feeding capabilities at these increased scanning speeds, it incorporates a new single roller document feed mechanism that holds the document firmly up against the SingleSensor lens. This allows it to handle a variety of document types including creased, fragile or even thin media such as newspaper.

The SmartLF SC 42 is also the first large format scanner to utilise the new SuperSpeed USB 3.0 serial PC interface that provides for data transfer at up to 5Gb/sec this is approximately 10 times the data transfer speed of the current USB2 interface. This reduces the time taken to transfer the image data from the scanner to the host PC – this has always been a restriction on productivity. Tests have indicated a realistic throughput of 273 Arch-E (36 x 48) sized color pages per hour at 200dpi resolution or 171 documents at 400dpi. By using the new SmartWorks EZ Touch software provided with the scanner, easy quality adjustment of the scanned image can be made, making the SmartLF SC 42 large format scanner ideal for those large archival jobs.

Summarizing the capabilities of the new wide format scanner, Peter Brown commented The color space of SingleSensor can be set to sRGB or RAW RGB depending on application. The excellent color accuracy of this scanner and the higher scanning and data transfer speeds using the SuperSpeed USB3 interface contribute to making the SmartLF SC 42 the most productive large format scanner available. It also reinforces Colortracs position as the leading innovator in the field of wide format scanning technology.

See: http://www.colortrac.com

For further information contact:

Rob van Brakel,

Marketing Manager,

Colortrac Limited.

Tel: +44 (0)1480 464618

Email: press(at)colortrac(dot)com

Web: http://www.colortrac.com

About Colortrac

Founded in 1989 and based in St Ives, Cambridgeshire, UK, a region of British excellence in science and technology, Colortrac Ltd is the leading innovator in professional wide format scanners and image acquisition software solutions with many new technically innovative patents created by their Research and Development departments, including the NEW SingleSensor scanning technology.

Colortrac was the first wide format scanner manufacturer to recognize the individual merits of both Charge Coupled Display (CCD), Contact Image Sensor (CIS) and will incorporate the newly introduced SingleSensor technology into some of their new SmartLF scanners. Coupled with a full range of supporting SmartWorks software, they are creating unique customer solutions to simplify scanning problems across the full spectrum of applications. These range from the demanding Graphics Arts market to practical, productive CAD, GIS, EDM and FM technical document scanning.

Colortrac Ltd has offices in Beijing and Suzhou, P.R. China, in Chantilly, Virginia, USA and in Yokohama, Japan and now in Mexico.

Further information about Colortracs products can be found at: http://www.colortrac.com







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