Press Release
Stephen Mitchell
V.P., Worldwide Field Operations
Starlight Networks, Inc.
415-967-2774
For Immediate Release
Mary Lindsay
Lindsay PR
408-984-7242
Starlight Networks Receives New Funding
for Continued Growth
Mountain View, California, September 1, 1995 -- Starlight Networks, Inc.,
the leading provider of multimedia networking products, recently closed
a financing of approximately $7 million. New investors in this round include
Sequoia Capital, Applewood Associates L.P. (managed by GeoCapital, well-known
multimedia investors), and Starlight's Japanese distribution partners Inno
Micro Corporation and Net One Systems Co., Ltd. Additional investments were
made by Starlight's current investors Accel Partners, Interwest Partners,
Bass Associates, NYNEX Venture Co., Merrill, Pickard, Anderson & Eyre,
Jostens Learning Corp., Star Venture Management, Techno Venture Management,
Gilde Investment Funds, and Evergreen Ventures. Star Venture Management
is the lead investor in this round.
Starlight's products support multimedia applications currently being deployed
in Fortune 1000 companies, especially in financial services and retail markets,
as well as in government and educational institutions. Applications include
desktop and classroom training, distance learning, customer support systems,
information delivery, multimedia information systems, corporate communications,
and workgroup collaboration applications.
"Starlight has established its leadership in the multimedia market
by providing customers with the best price/performance, quality, and open
systems solutions. Starlight is well positioned to take advantage of the
tremendous growth expected in this market," said Dr. Meir Barel, general
partner in Star Venture Management.
"Many companies are beginning to realize the return on investment benefits
from using multimedia applications to support their businesses. And Starlight
customers are moving from prototyping applications to wider departmental
deployment. All indications that the multimedia market is growing. Starlight
will use this funding to fuel our growth phase as we continue our leadership
role in this market," said Jim Long, president, Starlight Networks.
"We have added an excellent group of investors that are committed to
the multimedia market."
Founded in 1990, Starlight Networks is the leading provider of multimedia
networking software products and services. With StarWorks® and StarWare®,
desktop computers can simultaneous access digital video, audio, and images
over existing local and wide area networks. Starlight's products provide
open systems solutions for a wide range of multimedia applications. Starlight's
board of directors includes Long, Charlie Bass, president of Bass Associates
and co-founder of Ungermann-Bass, Dixon Doll, telecommunications consultant
and partner in Accel Partners, Philip Gianos, general partner at Interwest,
Robert Brannon, chief executive office of Netwise, Inc. and former general
manager of multimedia operations at Intel Corporation, and Dr. Meir Barel,
general partner in Star Venture Management.
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StarWorks and StarWare are registered trademarks of Starlight Networks,
Inc.
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