MOHOMINE, INC. RECEIVES FUNDING FROM Windward Ventures and In-Q-Tel
April 30, 2001
San Diego, CA
Mohomine, Inc. (www.mohomine.com), the leader in advanced software solutions for unstructured data management, announced today that it has secured its initial Series C round of funding from leading venture capital firms Windward Ventures and In-Q-Tel, Inc. The capital raised will enable the company to focus on further development of its core technology, product marketing and sales activities.
In-Q-Tel, Inc., a private not-for-profit "venture catalyst" chartered by the CIA, primarily invests in leading edge information technology with application to the intelligence community and private sector enterprises. Eric Kaufmann, Vice President for In-Q-Tel, stated, "We are very impressed with Mohomine's technology and approach to unstructured data aggregation, extraction and automated classification. There are many exciting applications for their software within the government sector and intelligence community."
David Titus, managing partner for Windward Ventures said, "Mohomine has been on a steady growth path, adding several key customers in the past four months. We believe that the market for unstructured data management software is poised for rapid growth and Mohomine is well-positioned to capitalize on this opportunity."
Mohomine's CEO Neil Senturia stated, "This has been an extremely difficult market to raise money in. But our persistence and our ability to secure contracts with excellent companies like PeopleSoft have enabled us to attract high-caliber strategic investors."
About Mohomine, Inc.
Founded in 1999, privately held Mohomine is an e-business software infrastructure company that provides products and solutions for unstructured data management. Mohomine's licensable technology automates the process of structuring data via intelligent algorithms that convert content to highly structured XML. The application of Mohomine technology is very broad, spanning almost all of e-business, with heavy recent focus on CRM, Exchanges, E-catalogs, and HR intensive portals and software. Mohomine solutions include Web DataBuilder™` and e-Catalog DataBuilder™ built upon Mohomine's data aggregation, automated classification and attribute extraction technology infrastructure. The Company also offers OEM solutions and custom solutions. Additional information is available at www.mohomine.com.
About In-Q-Tel, Inc.
In-Q-Tel is a venture catalyst that leverages the unique technology resources of the Central Intelligence Agency and its own highly experienced staff to evaluate and help develop new IT solutions for both public and private markets. In-Q-Tel's basic mission is to identify new high-impact Internet technologies that address the CIA's priority problems. This makes In-Q-Tel a valuable technology partner, providing entrepreneurs with the opportunities to develop and refine their cutting edge technologies, access capital and markets and to help enhance national security.
By fostering the development of new technologies for both the private and public sectors, In-Q-Tel also broadens the overall market for new products. Additionally, its ability to provide entrepreneurs with a thorough, complete evaluation of new technologies represents a distinct advantage in their efforts to bring new products to market as quickly as possible. Additional information about In-Q-Tel is available at www.in-q-tel.org.
About Windward Ventures
Windward Ventures is a classic venture capital partnership organized in 1997 to produce superior investment returns by providing capital and management assistance to early stage, high growth companies in Southern California. The partners of Windward Ventures have extensive experience as venture capital investors, senior managers, and entrepreneurs.
Additional information about In-Q-Tel is available at www.in-q-tel.org.
