Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on
 
  • Novak Biddle Venture Partners Invests $4.5 Million in Centrifuge Systems

    February 10th, 2008 No comments

    Centrifuge Systems, Inc., a leading provider of next generation business intelligence software, announced that it has received its first round of institutional funding from premier venture capital firm Novak Biddle Venture Partners (NBVP).  NBVP invested $4.5 million in Centrifuge, whose advanced visualization software helps organizations discover insights, patterns and relationships hidden in their data. The financing will support implementation of the company’s growth strategy and product innovation initiatives. Novak Biddle general partners Andrea Kaufman and Roger Novak have joined the company’s board of directors.

    Novak Biddle Venture Partners, a Bethesda, Maryland based company, was established in 1997 to provide equity financing and assistance to the management of young, information technology companies. NBVP is backed by a number of the country’s most prestigious limited partners, and has over $580 million under management. We seek investment opportunities where the combination of ideas, dollars, experience, and relationships can create long-term, sustainable value. While we believe that the vast majority of business plans we receive have many of the makings of viable companies, we are looking for additional key features in the businesses in which we invest. For more information, please visit www.novakbiddle.com

    “With an increased demand for its products and several federal agencies among its customers, Centrifuge’s software has been validated by the government as best-of-breed technology.  There is clearly a need for business intelligence software that enables users to ask open ended questions of their data by interacting with visual representations of the data directly,” said Roger Novak, general partner, Novak Biddle Venture Partners and new board member, Centrifuge Systems, Inc.

    “Our interest in Centrifuge is driven by several factors – its consistently cutting edge approach to visualization, the strength of its management team, and the software’s potential for widespread commercial application,” said Andrea Kaufman, general partner, Novak Biddle Venture Partners, and new Centrifuge Systems, Inc. board member.  “This deal ties into our investment strategy of backing leading early stage companies that have developed dual use technology, that which can transcend the government-agency customer and filter into the broader marketplace,” Kaufman added.

    “Having the resources, expertise, and insights of the Novak Biddle team at our disposal during this phase of our life cycle is an invaluable asset. As we grow the organization to respond to market demand, it is critical to have the support of a reputable, well-connected partner and we are delighted to have Novak Biddle on board at this exciting time for the company,” said Guljit Khurana, CEO of Centrifuge Systems. 

    Centrifuge recently expanded its management team with the additions of CFO Brian Daum and Mitch Shue, Vice President of Engineering.

    Centrifuge Systems is a leading provider of next generation business intelligence software that helps  organizations discover insights, patterns and relationships hidden in their data.   The unique Centrifuge approach allows users to ask open ended questions of their data by interacting with visual representations of the data directly. 

    Traditional business intelligence solutions require users to define what they want to see in advance and present the results in static dashboards.  With Centrifuge, users determine what is of interest “on the fly”, then manipulate the displays directly in a highly interactive fashion.  The experience is refreshingly easy-to-use and the resulting insights can be extraordinary.

    Centrifuge is used in some of the most demanding applications in the world, including counter-terrorism and homeland defense, to help analysts move from data to discovery. 

    For more information, please visit www.centrifugesystems.com

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 266,924 bad guys.

 

Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round


Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


 

By using this website you agree with our cookie policy