$ 3 Million Series A Funding
Aug 2, 2007 § 1 Comment
I am pleased to announce that Minekey has closed a $ 3 Million Series A Round of financing with NEA IndoUS Ventures. Vin Dham, acknowledged as the father of the Pentium chip, joined Minekey’s board back in December 2006, when NEA IndoUS invested part of the money in the first closing.
Let me tell you why we chose to work with NEA-IndoUS. Vin Dham and Vani Kola (founding partners of NEA IndoUS) are topnotch Silicon Valley entrepreneurs. They both have strong operational track records and understand what it takes to create a company of enduring value. As a serial entrepreneur, I understand how important it is to have investors who have been there, done that.
Interestingly, I first met Vin when I pitched the Minekey opportunity to him in July 2006. We were joined by Dr. Sudeshna Sarkar, Chief Scientist and head of the Minekey IIT research team, who was passing through the Bay Area on her way to a conference in Seattle. Vin accommodated our schedule and met with us at his home in Fremont on a Saturday afternoon. He was thoroughly persuaded by Minekey’s vision and market opportunity right from our first meeting. Even amidst their own efforts to fundraise for NEA IndoUS and Vani’s India move, both Vin and Vani took the time to visit and meet with the Minekey research team at IIT Kharagpur.
As a strategic financial partner in the venture, NEA-IndoUS team is taking an active role in helping to steer Minekey through the most critical stages of our growth path. We’re looking forward to collaborating with Vin and the NEA IndoUS team towards to create a world leader in the content discovery and recommendations space. Well, who knows – with the Father of the Pentium chip backing us, could we be the next “Intel Inside” for blogs and websites? Stay tuned.