Innovation Leads the Way in San Jose
Summary
The size of these financings ranged from $83 million for NeoPhotonics Corporation, a leading global supplier of optical networking components, and $800,000 for Attainia, developers of capital budgeting and equipment planning software for the health care industry.“After surviving the technology downturn of 2001 – 2003, San Jose has bounced back nicely and continues on a solid trajectory of sustained high-tech growth with an eye toward diversification,” commented Don Jones, CEO of VentureDeal, a leading source of information and analysis on venture capital activity nationwide.The size of these financings ranged from $83 million for NeoPhotonics Corporation, a leading global supplier of optical networking components, and $800,000 for Attainia, developers of capital budgeting and equipment planning software for the health care industry.The average deal size was $10.6 million.“After surviving the technology downturn of 2001 – 2003, San Jose has bounced back nicely and continues on a solid trajectory of sustained high-tech growth with an eye toward diversification,” commented Don Jones, CEO of VentureDeal, a leading source of information and analysis on venture capital activity nationwide.There also are a variety of city-run programs and initiatives to encourage innovation, business starts and overall economic development aimed at technology sectors ranging from software and biotechnology to environment and clean technologies.Immigrant entrepreneurs were a major force behind the city’s venture upturn.