IKoa raises $9.4M for first round for boring chip company….or exciting email analytics?

June 13, 2007 | Matt Marshall
View Comments

iKoa has raised $9.4 million in a first round of funding. Global Catalyst Partners led the deal, and was joined by Khosla Ventures, according to PE Week. Backers include Khosla Ventures and Global Catalyst Partners. The Menlo Park, Calif. company’s website describes itself as a semiconductor startup with engineering and development in Hyderabad, India. But its regulatory filing says that it is developing software for email analytics.

Crafty!

Update: We’ve done some poking around, and are inclined to believe that there must be some misunderstanding on the filing, and that this is really a chip company. See this press release on the company’s site. While companies often try to send mixed messages to divert competitors, it would be quite an elaborate hoax indeed to have developed such a detailed press release for this purpose.

Next Story:
Previous Story:

Print
Email
Twitter
Facebook
Google Buzz
LinkedIn
Digg
StumbleUpon
Reddit
Delicious
Google
More...

Tags:

About the Author,

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

blog comments powered by Disqus