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cSafe Completes Series `B' Funding; Funds Will Go Towards Marketing and R &
D
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 12, 1999--
Digital Image Copyright Protection Pioneer Raises More Than
$8 Million from Leading Investment Firms
cSafe Ltd., the company that brought to market the first complete solution
for the protection, sharing and sale of digital images and other
intellectual property over the Web with its PixSafe(TM) product, today
announced that it has successfully secured $8.5 million in second round
funding from a group of leading Internet and high technology investment
firms, Attractor and Entertainment Ventures (EMV). New investors Attractor
and EMV join initial investor IsraelSeed Partners.
Last year, cSafe, a privately-held company founded in Beit Shemesh, Israel,
raised nearly $2 million from IsraelSeed Partners, Israel's leading
Internet-centric venture capital firm, who also participated in this second
round.
This latest round of funding, which brings total funding to $10 million,
will enable cSafe to invest in marketing, research and development of image
protection solutions, and further fuels the company's growth.
"We're committed to developing solutions that will offer image owners, such
as professional photographers, stock photo agencies, even Hollywood studies,
the ability to protect their digital properties," said Daniel Schreiber, CEO
and co-founder of cSafe. "This significant funding allows us to support our
goal of rapidly building an industry leading company which is focused on
image protection."
About IsraelSeed Partners
IsraelSeed Partners is Israel's leading Internet-centric VC, and was lead
investor in cSafe's first round. Their fund is backed by prestigious
institutional investors worldwide including Bankers Trust, Invesco Capital,
Clal Group, Flag Venture Management, Nomura Securities, The Wellcome Trust,
Silicon Valley Bank, Wilson Sonsini as well as by leading Silicon Valley
entrepreneurs including Mark Andreeson (founder of Netscape), Jerry Yang
(founder of Yahoo!) and Pierre Omidyar (founder of eBay). IsraelSeed will be
investing $1.5 million in the current round, and will continue to be
represented on cSafe's Board by Michael Eisenberg.
About Attractor
Gigi Brisson and Harvey Allison founded Attractor in November 1996.
Attractor invests exclusively in technology, with a primary focus in the
enterprise software, Internet, and telecom sectors. The firm currently
manages about $400 million and invests in both public and private companies.
Previous private investments include VeriSign, USWeb, Net Dynamics (which
has announced its sale to Sun Microsystems), Vignette, Marimba, Critical
Path, Intraware, Bizrate and Sandpiper. The firm will be investing $3.5
million in the current round.
About Entertainment Media Ventures (EMV)
EMV is a seed and early stage venture capital fund focusing on technology,
traditional media and new media investments. EMV was recently founded by
Sandy Climan, formerly Executive Vice President of Universal Studios, and an
executive at Hollywood's foremost talent agency CAA. EMV will be investing
$3.5 million in the current round.
About cSafe
cSafe is the first solution provider to offer tools for the safe and
profitable sharing of digital content on the Internet. Founded in 1998,
cSafe is a privately held, VC-backed company that is revolutionizing the way
people view images, display digital content and do business on the Web. The
company's flagship product, PixSafe, is an application that protects digital
images on the Web. PixSafe makes it possible to post proprietary material
without giving it away for free.
cSafe, PixSafe and all logos are trademarks of cSafe. Other product and
company names herein may be trademarks of their respective owners.
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